Silicon Valley housing in two photos:

384 square foot Cupertino home (that’s the entire outside and inside) on the market for $1.7 million.

And it got multiple overbids.

#Update : There have now been 60,000 tech layoffs so far in 2024.

-Layoffs.fyi

#New : Yearly income needed to buy a “starter home” in:

San Jose: $319,000
San Francisco: $306,000
San Diego: $216,189
Oakland: $209,096
Los Angeles: $177,886
New York: $162,845
Boston: $158,764

-Redfin

#New : Sam Bankman-Fried is appealing his fraud conviction and 25-year prison sentence.

#New : With 3.2 billion pixels, SLAC has rolled out the largest digital camera in the world, with the highest resolution.

Soon to be in a Chilean observatory to build “the most informative map of the night sky assembled, and discover up to 20 billion new stars and galaxies.”

#New : 18% of homes sold in San Francisco are being sold for a loss.

The rate is 4% for the entire US.

The typical SF seller who sells at a loss loses $155,500 on the deal.

The median SF sale price has fallen 15% ($250,000) in the last two years.

Source: Redfin

Shares of Trump Media are now trading at less than half of their opening day value.

Also lower than the price of the shell company it merged with days before it went public.
$DJT

#New : California law enforcement officers say over the last year, a special CHP operation seized over 42 pounds of fentanyl in San Francisco - more than 9.6 million lethal doses of the drug - in a 10 block area in the Tenderloin.

#New : Reuters reports that Tesla has settled the case of an Apple engineer killed in 2018 when his Tesla crashed.

Walter Huang died on March 23, 2018, when his Model X hit a concrete divider while going 70 miles per hour on Highway 101.

No settlement details released.

Well done, The Washington Post.

As a tech reporter who has interviewed all three of these guys, I have to push back against Balaji ..

Journalism is not Us vs Them .. it’s fact vs spin.

Every day I hear (even from their own companies) that people appreciate the truth.

And PR is a positive, helpful force!

#New : Apple is laying off 614 workers in California, according to a new state filing.

The affected Apple employees worked at eight different facilities in Santa Clara, according to the WARN filing.
$AAPL

#New : With less than two weeks to file your taxes, the coolest way to do it?

Video games.

Gamers can find Intuit TurboTax when they play Fortnite ..

Millions of Gen Zs have already clicked the “file taxes” button in the game.

#New : There are more billionaires than ever on the planet: 2,781.

They're worth a combined $14 trillion.

Among the newcomers: Sam Altman, Taylor Swift and Earvin Magic Johnson

-Forbes

Wow. If you live in Silicon Valley, own a home with a low (3-4%) mortgage rate, and upgrade to a home with a value 25% above your current home, your monthly payment now will increase by ...

$4,517.

A month.

Source: ICE Mortgage Technology, ICE

#New : Bay Area rents (avg 1BR):

Mountain View: $3,650
Cupertino: $3,190
Santa Clara: $3,000
San Francisco: $2,900
Milpitas: $2,770
Sunnyvale: $2,750
San Jose: $2,450
Oakland: $2,000

Source: Zumper