It's all coming full circle: The social network that famously began in a dorm room is now essentially thinking about buildging dorms on its own office campus.
According to the Wall Street Journal, Facebook said it's in talks with a developer to build a $120 million, 394-unit housing community called Anton Menlo that'll be within walking distance of its offices. Amenities of the 630,000 square-foot rental property would include a pet spa with doggy day care, an indoor/outdoor wellness and yoga studio, a bike repair shop, a convenience store and a sports bar. At this point, there'll be space for only about 10 percent of Facebook employees.
The old-school idea of a company town, like those of the coal mining regions of the early 20th century, could be an ideal situation for those working in Silicon Valley, where real estate prices are skyrocketing amid a housing shortage in the Bay Area.
On the other hand, the ever-in-flux mindset of the tech community is completely contradictory to the idea of living where you work. Younger tech employees don't necessarily feel tied to their companies, and having to sign year-long leases with your employer might feel something equivalent to a death-sentence commitment.
How would you feel about living so near work, or about living in a space owned by your employer? Would it be a benefit, or a downside?
Twin challenges — a shift in opinion about the stock by an influential research firm and a YouTube clip of a fire that destroyed a Tesla Model S — seem to have shaken investors a bit.
Artisanal meat producers face a big barrier to getting into the game: They have to come up with a complex food safety plan that can take months of research and tens of thousands of dollars to craft. A new project wants to make it easier for the next charcuterie master to open shop by creating an open-source safety plan that newbies can look to.
Oil and natural gas platforms in the Gulf of Mexico have already been evacuated in anticipation of the storm, which is expected to make landfall as early as Saturday.
The Labor Department says it won't be releasing its closely watched monthly jobs figures as scheduled on Friday due to the government shutdown. That will leave Federal Reserve policymakers, economists and financial markets without key data for making decisions.
The famed hall's five full-time stagehands are on strike, and that's already forced the cancellation of one gala. Tax records show their average total compensation is more than $400,000 each a year. The dispute is over whether they'll also be working in the hall's new Education Wing.
In a report, the department warns that a default could do damage to the economy to rival the Great Recession.