Magic Leap is laying off around 1,000 employees, or roughly half its workforce, in a restructuring that will focus on selling augmented reality headsets to businesses, according to a person familiar with the matter. The cuts were announced Wednesday by CEO Rony Abovitz to employees. Bloomberg first reported the layoffs. A Magic Leap spokesperson didn’t respond to a request for comment. In a ...
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Search Has Its Goliath. Could Richard Socher Be Its David?

On a rare rain-free afternoon this spring, Richard Socher stood atop a hill, surveying the direction of the wind. The wind often interests Socher, the 38-year-old co-founder and CEO of search engine You.com, because in his spare time he likes to fly around on a paramotor, a parachute-like contraption supported by a backpack propeller. We were standing at one of his launch spots, a short hike...
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