Wednesday 31 July 2019

10 things in tech you need to know today

 
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BUSINESS INSIDER
 
 
10 Things in Tech You Need to Know Today
 
 

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Good morning! This is the tech news you need to know this Thursday.

  1. Uber marketing employees described this week's 'bloodbath' to Business Insider, after the company laid off 400 employees in more than a dozen countries. Affected employees were told of the changes in an email early Monday from Jill Hazelbaker, the company's head of communications.
  2. Cloudflare, a cybersecurity company last valued at $3.2 billion, plans to go public in September, according to sources familiar with the company. The company confidentially filed an S-1 with the Securities and Exchange Commission earlier in the summer, one person said.
  3. IBM reportedly axed as many as 100,000 employees in the last few years because it wanted to appear "cool" and "trendy" like Amazon or Google. IBM has been hit by several age discrimination suits filed by former employees.
  4. Facebook is reportedly working on a new Portal video chat device, which also connects up to your TV and features streaming services. The company has approached Netflix, Hulu, and Amazon about putting their services onto the device, according to The Information.
  5. Google parent Alphabet has dethroned Apple as the world's cash king after a decade of dominance. Alphabet had $117 billion in financial reserves at the end of the most recent quarter, while Apple had $102 billion.
  6. Messaging services like WhatsApp face increased pressure from governments to let spies infiltrate private conversations, undermining the promise of end-to-end encrypted chats. The UK hosted the "Five Eyes" nations for a security summit this week, with UK home secretary Priti Patel and US Attorney General William Barr signalling that they had encryption in their sights.
  7. Lyft is halting its e-bike program in San Francisco after two bikes mysteriously erupted in flames. No injuries were reported, and Lyft is investigating the batteries and bikes for the cause of the fire.
  8. Some of the world's most influential celebrities and business moguls are reportedly flocking to a Sicilian seaside resort this week for Google's annual "meeting of the minds," known amongst attendees as "Google Camp." "Google Camp" discussions have ranged in past years from education to extending human longevity, but this year talks are expected to mostly focus on climate change.
  9. Fitbit shares tanked in after-hours trading after the firm posted weaker guidance for its third quarter, on weaker-than-expected sales of its Fitbit Versa Lite smartwatch. The firm posted a loss of 14 cents per share on $314 million in revenue. 
  10. Deliveroo, a major Uber Eats rival outside the US, has made its second acquisition to date with software consultancy Cultivate. Cultivate helped build out and scale Deliveroo's payments system and will continue that work post-acquisition.

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Vice Media exits, AT&T's Xandr pitch deck, how to make $150 million by fighting Facebook and Google

 
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Vice Media exits, AT&T's Xandr pitch deck, how to make $150 million by fighting Facebook and Google
 
 
Vice Media exits, AT&T's Xandr pitch deck, how to make $150 million by fighting Facebook and Google
 
AT&T's Xandr is pitching its burgeoning ad business and insists it's not going to be a walled garden, contrary to some advertisers' concerns.
 
 
 
 
 
Apple is poised to add $40 billion to its market cap and surge past the $1 trillion mark after blowout earnings
 
 
Apple is poised to add $40 billion to its market cap and surge past the $1 trillion mark after blowout earnings
 
Apple stock rose 4% in premarket trading after earnings that saw services revenue jump 13% to a record high of around $11.5 billion
 
 
 
 
 
Apple has finally revealed when its sleek new credit card will launch
 
 
Apple has finally revealed when its sleek new credit card will launch
 
Apple has said it will release the Apple Card in August during its Q3 2019 earnings call. The company first unveiled the credit card in March.
 
 
 
 
 
 
A Tesla employee died at the Gigafactory earlier this month — and the investigation is ongoing
 
 
A Tesla employee died at the Gigafactory earlier this month — and the investigation is ongoing
 
Michael Johnston, 61, was found dead on the third floor of Tesla's Gigafactory in Nevada. Tesla said there is "no reason to believe that the incident was caused by anything related to this employee's work."
 
 
 
 
 
A US senator has introduced a bill that would stop Facebook, Twitter, or YouTube from endlessly showing you content, in an attempt to keep users from getting addicted to social media
 
 
A US senator has introduced a bill that would stop Facebook, Twitter, or YouTube from endlessly showing you content, in an attempt to keep users from getting addicted to social media
 
The Social Media Addiction Reduction Technology Act would force social media platforms to implement time limits and stop using autoplay functions.
 
 
 
 
 
Beats Solo3 Wireless headphones are $120 off at Amazon, Walmart, and Best Buy for a limited time
 
 
Beats Solo3 Wireless headphones are $120 off at Amazon, Walmart, and Best Buy for a limited time
 
Beats by Dre is one of the most popular headphones brands. For a limited time, Amazon, Best Buy, and Walmart are offering up to $120 off the Solo3s.
 
 
 
 
 
Sales of Apple's wearables, home, and accessories products are now almost as big as the Mac business, showing that the Apple Watch and AirPods are big hits
 
 
Sales of Apple's wearables, home, and accessories products are now almost as big as the Mac business, showing that the Apple Watch and AirPods are big hits
 
Apple's wearables, home, and accessories business, which includes products like the Apple Watch and AirPods, is almost outpacing the Mac.
 
 
 
 
 
It might be impossible to prevent hackers from breaking into corporations like Capital One. But here's what companies should do anyway to make sure data doesn't fall into the wrong hands.
 
 
It might be impossible to prevent hackers from breaking into corporations like Capital One. But here's what companies should do anyway to make sure data doesn't fall into the wrong hands.
 
Capital One was the victim of a massive data breach. Here's what companies should do to prevent data from being stolen in a similar way.
 
 
 
 
 
Tim Cook says Apple wants to continue making the Mac Pro in the US following reports that it was shifting production to China
 
 
Tim Cook says Apple wants to continue making the Mac Pro in the US following reports that it was shifting production to China
 
Tim Cook said on Apple's Q3 earnings call that it wants to keep making the Mac Pro in the US, following reports that production was shifting to China.
 
 
 
 
 
Pete Buttigieg says gig workers should be allowed to unionize during Democratic debate
 
 
Pete Buttigieg says gig workers should be allowed to unionize during Democratic debate
 
The California assembly recently passed "gig work" legislation allowing certain independent workers considered as employees.
 
 
 
 
 
 
 
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