How Facebook's failed plan to turn a railway into a bridge may be a warning for The Boring Company | Business Insider

  • 📰 BISouthAfrica
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

How Facebook's failed plan to turn a railway into a bridge may be a warning for The Boring Company.

How Facebook's failed plan to turn a railway into a bridge may be a warning for The Boring CompanyThe Boring Company unveils the first test tunnel of a proposed underground transportation network across Los Angeles County during an event in Hawthorne, California, U.S. December 18, 2018. Since then, just one known project planned to be developed by The Boring Company has been completed. The project, abandoned due to political pressure, may be a glimpse at The Boring Company's future.

The social media company — an unused railway spanning San Francisco Bay — after it acquired Instagram and Whatsapp, expanding employee headcount nearly ten-fold in six years from 3,200 in 2011 to over 25,000 workers by 2017. The bridge was intended to streamline the increased traffic to its headquarters and expand Facebook's property portfolio, renovating the railway thatThe $20 million project — initiated in 2017 and abandoned in 2020 due to political hurdles and COVID-19 complications, according to

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Boksburg tanker blast: Independent auditing company clears trucking company of wrongdoing | News24The mayor of Ekurhuleni, Tania Campbell, is expected to receive a detailed report on the Boksburg tanker explosion on Monday. | IamAlexSweet IamAlexSweet What will that do? Get moving death traps off the roads?
Source: News24 - 🏆 4. / 80 Read more »

In The Company of Men: ReviewIn The Company of Men: Review: Veronique Tadjo In The Company of Men looks at the effects and outcomes of the Ebola epidemic that left devastation in West Africa from 2014 to 2016
Source: mailandguardian - 🏆 2. / 92 Read more »

Employment minister pulls plug on R5 billion investment in unproven schemeThe Department of Employment and Labour and the Unemployment Insurance Fund planned to invest R5 billion in a company with no premises, website, or track record. This country e nyele ke corruption
Source: mybroadband - 🏆 11. / 67 Read more »