Tesla shareholders have given the green light to an unprecedented $1 trillion pay package for CEO Elon Musk, marking the largest compensation deal ever for a corporate leader. This decision is significant as it reflects the confidence investors have in Musk's leadership and the company's future growth potential. However, Musk will need to achieve specific performance targets to unlock the full payout, adding a layer of accountability to this historic agreement.

A recent report reveals that Meta is profiting billions from scam advertisements across its platforms, including Facebook, Instagram, and WhatsApp. This situation raises serious concerns about user safety and the effectiveness of Meta's ad monitoring systems. As these scams proliferate, they not only harm individuals but also tarnish the reputation of these widely used social media platforms, prompting calls for stricter regulations and better protective measures for users.

The new Microcenter in Phoenix has opened its doors, and it's being hailed as a 'tech-heaven' for enthusiasts. This store offers a vast selection of the latest gadgets, components, and tech accessories, making it a paradise for geeks and tech lovers alike. Its opening is significant as it not only caters to the local community's growing demand for technology but also creates jobs and fosters innovation in the area.

Tesla is gearing up for its first annual shareholder meeting in Texas, where a key topic will be Elon Musk's proposed $1 trillion pay package. This meeting is significant as it marks a new chapter for Tesla under Texas law, and the outcome could have major implications for corporate governance and executive compensation practices. With insights from Shane Goodwin, an expert in corporate governance, the discussions are expected to shed light on how shareholders view Musk's compensation in relation to the company's performance.

The Motion Picture Association (MPA) has issued a cease and desist to Instagram over its use of the 'PG-13' label for teen accounts. Meta Platforms, the parent company of Instagram, responded by clarifying that it never claimed its accounts were officially rated or certified by the MPA. This situation highlights ongoing tensions between social media platforms and regulatory bodies regarding content ratings, raising questions about how platforms communicate their policies to users.

Europe is lagging behind in the race to develop self-driving cars, as highlighted by Gian Volpicelli in Bloomberg's Tech In Depth newsletter. This slow progress raises concerns about the continent's competitiveness in the automotive industry and its ability to keep pace with advancements seen in other regions. The implications of this delay could affect not only technological innovation but also economic growth and job creation in the sector.

Starting December 10, Australia will implement a ban on social media for kids under 16, affecting platforms like Facebook, Instagram, and TikTok. This move is seen as one of the strictest measures against online activity in democratic nations.

Bloomberg's Caroline Hyde and Ed Ludlow highlight the recent decline in tech shares amid rising concerns about the sustainability of the AI rally. They also analyze earnings reports from companies like Palantir, Uber, Spotify, and Grab. Additionally, the world's largest sovereign wealth fund has voted against Tesla's proposed pay package for CEO Elon Musk.