TNB Tech Minute: SpaceX Pulls Employees from Brazil
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 4 September 2024
⏱️ 2 minutes
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| 0:00.0 | Ecolab water for climate, less water, more growth. |
| 0:04.0 | Results will vary. |
| 0:06.0 | Learn more at Ecolab.com slash Ewc. |
| 0:09.0 | Ecolab water for climate, transforming the way the world thinks about water. Water for |
| 0:15.0 | Wednesday, September 4th. |
| 0:17.0 | Here is your TnB Tech Minute for Wednesday, September 4th. |
| 0:20.0 | I'm Zoe Thomas for the Wall Street Journal. |
| 0:23.0 | Elon Musk SpaceX is pulling employees from Brazil and has warned others against visiting the country. |
| 0:30.0 | That's according to people familiar with an email sent by SpaceX President Gwen Shotwell. |
| 0:35.0 | The move is the latest sign of how Musk's battle with Brazil's highest court over his social media company X is impacting his other businesses. |
| 0:43.8 | Last week, Brazil's Supreme Court banned X. |
| 0:47.2 | It also took action against SpaceX's satellite internet service Starlink, |
| 0:52.1 | ordering its finances in the country frozen. |
| 0:54.8 | According to Starlink, the court determined it should be held responsible for fines levied |
| 0:59.3 | against X. |
| 1:00.5 | SpaceX didn't respond to requests for comment. |
| 1:04.0 | Lift says it's laying off 1% of its total workforce |
| 1:08.0 | as it cuts down its dockless bikes and scooters division |
| 1:12.0 | and focuses on its core ride hailing business. |
| 1:14.8 | Lift expects to take between 34 and 46 million dollars in charges related to the |
| 1:20.4 | move which will be booked mostly in the third quarter. The job cuts are |
| 1:24.4 | expected to boost lists adjusted earnings by $20 million by the end of next year. |
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