#Update : There have now been 75,000 tech layoffs so far in 2024.

-Layoffs.fyi

#New report from nhtsagov:
Tesla Autopilot design 'led to foreseeable misuse and avoidable crashes.'
$TSLA

#New : Income needed to be 'rich' (top 5%) in:

Washington, DC: $719,253
Connecticut: $656,438
New York: $621,301
Massachusetts: $617,199
California: $613,602
New Jersey: $613,494

Source: GOBankingRates

New: Google shares jump 14% in extended trading after the company reported results that topped analysts’ estimates, showed soaring profits in its cloud division and announced its first dividend. cnb.cx/49Nc9ze

#New : Downtown San Francisco:

Retail vacancy now at highest recorded level of 7.9%.

Union Square vacancy now at highest recorded level of 20.6%.

Source: ⁦Cushman & Wakefield⁩

#New : Least affordable big cities in the US:

1. San Jose - You have to earn $468,252 a year to afford a typical single family house.

2. San Francisco: You have to earn $334,676.

3. Los Angeles
4. San Diego
5. Honolulu

Source: Creditnews Research, National Association of REALTORS®

#New : Median 1 BR rent:

New York: $4,280
Jersey City: $3,250
San Francisco: $2,910
Boston: $2,860
Miami: $2,740
San Jose: $2,550
San Diego: $2,360
Los Angeles: $2,300

Source: Zumper

#Breaking : Senate passes a measure to force Chinese TikTok parent company ByteDance to sell the social media platform or else face a national ban of the app.

The provision would give ByteDance nine months to sell.

One gallon of gas (Menlo Park) above the federal hourly minimum wage.

How cool to see the wedding of Ben Parr and Deborah Yarchun in the NYT!!

Complete with a dating app joke!

Congratulations to Ben and Deborah!

#Breaking : The House just passed a bill that would force Chinese company ByteDance to sell TikTok.
#TikTokban

Happy 420 Day.
For those keeping track, California licensed cannabis dealers reported more than $5 billion in sales for 2023.

That’s $1.1 billion in state tax revenues brought in from weed dispensaries.
#420day

Source: CDTFA

Gas in the Bay Area creeps back to $7 a gallon.
(This is 4th st, San Francisco).

Here we go again:

Hyundai pauses ads on X, after a sponsored post from the company appeared next to antisemitic and pro-Nazi posts.

#New : The current median home sale price in the Bay Area is $1,189,000.

That’s the highest in the nation.

An increase of +11.6 % over last year.

-RE/MAX

#Update : Several Google employees say they have been arrested and put on administrative leave after staging an executive office sit-in to protest Google’s cloud software contract with Israel.

#Update : Remember the 384 square foot house in Cupertino that went on the market for $1.7 million?

It sold.

The agent tells me she can’t say the exact price until it closes, but the winning offer - after multiple offers - was “considerably over” the asking price.