Morning Beat: Tesla Motors Inc (TSLA), Facebook Inc (FB), Twitter Inc (TWTR)
France wants Tesla Motors Inc (NASDAQ:TSLA) to take over a nuclear facility in Alsace ones it closes down later in the year. The country’s minister of ecology and energy, Ségolène Royal believes the repurposed facility could serve the automaker well in the production of electric cars.
Talks have already taken place between the automaker and the minister. Another round of talks will take place in the next ten days as the country eyes a manufacturing opportunity that could create hundreds of jobs.
CEO, Elon Musk has already said he wants to build a Tesla Motors Inc (NASDAQ:TSLA) factory in Europe, having already mentioned Alsace at an event early in the year. France being the largest electric car market in Europe believes it has what it takes to get the automaker up and running, in Europe.
WhatsApp has acknowledged that its app can still store user’s information even as it continues to insist on tight encryptions. However, the Facebook Inc (NASDAQ:FB) owned app says it has taken the necessary steps, to ensure hackers and oppressive regimes cannot intercept the data.
The fact that the company still stores such data makes it vulnerable to potential spying attacks. Governments may also request it to share such information in future in cases of national security matters.
Storing such information is crucial given that parent company Facebook Inc (NASDAQ:FB) may need it in future for advertising purposes.
Twitter Inc (NYSE:TWTR) says it will offer its staff 20 weeks of paid gender-neutral parental leave starting May 1, 2016 as part of a new plan. The company already offers 20 weeks of paid leave, but the plan applies to mothers only. Fathers and adopting parents are currently limited to 10 weeks of paid leave.
By implementing a gender-neutral parental leave, the social giant joins the likes of Etsy and Facebook Inc (NASDAQ:FB) with similar programs. The company says the new program seeks to make sure workers do not feel pressured to keep working on having or adopting a baby.
Twitter Inc (NYSE:TWTR) has already started to train managers on why the leave is necessary and how to deal with workloads and other issues.
BlackBerry Ltd (NASDAQ:BBRY) has slashed $50 on the price of its latest Android smartphone BlackBerry Priv. The phone will now retail for $649 as the company tries to entice keyboard lovers to buy the high-end smartphone. It is still unclear whether carriers will also implement the price cut.
The price reduction could be an indication the company is struggling to ship as many units as it had hoped. However, it could also signal BlackBerry Ltd (NASDAQ:BBRY) is working on something new. There has been talk that the company is working on another Android phone, which it plans to use to complement BlackBerry Priv.
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