Rivian has a challenging year ahead — and the first quarter is off to a tepid start.
Both of those figures are down from the fourth quarter of 2023, where it built 17,541 and shipped 13,972.
Rivian did signal that it plans to make roughly the same number of EVs as it did in 2023.
Producing and selling vehicles, which includes the R1S SUV, R1T pickup and two versions of a commercial electric van, has never been the company’s only challenge.
Tesla reported its own very weak first quarter sales on Tuesday.
Google’s proposed “Findings of Fact” filing documents the history of search competition, including Google’s own beginnings, its innovations, the competitive landscape, Google’s search ads business, distribution agreements, and more.
When shareholders sold stock to various VC firms, those funds were not used to improve the search engine, the filing argues.
But it contradicts this point, too, noting that a third of DuckDuckGo’s 50 employees in 2018 were working on improving the search engine, for example.
The search engine receives only about 2.5% of general search queries in the U.S., despite estimates that 10% of people in the U.S. claim to be users.
This, DuckDuckGo’s leadership had explained, is due to the fact that people often use its search engine for some, but not all of their search queries.
Once again, Etsy’s layoffs come as no surprise Junkification and fierce competition paint a tough path aheadRemember when we wrote that Spotify’s latest layoffs make sense?
Well, we feel the same about Etsy’s announcement that it would lay off 11% of its workforce.
This is not us being callous with employees affected by these layoffs, or making excuses for what led the NASDAQ-listed marketplace to that point and what could perhaps have been prevented.
We are just saying that this isn’t much of a surprise.
But more than quantitative, Etsy’s challenge is qualitative.
IT budgets should increase in 2024, but it still could be tough going for startupsI think most people would agree that 2023 was a challenging time to be a startup.
Meanwhile, sales cycles were longer and many startups struggled to grow at a decent pace.
This means that startups that aren’t well capitalized right now could continue to struggle in 2024, and the flipping of the calendar isn’t going to change that.
It means they have to fight for their piece of enterprise budgets, and that, possibly, 2024 could look a lot like 2023.
The budget outlookA good starting point for budget discussions is what the proposed budget looks like.
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