Uber hires CFO as it prepares to IPO

Uber is bringing on former Merrill Lynch executive Nelson Chai as its chief financial officer. The ride-hailing company is working to tighten up its finances as it prepares to go public next year, according to CNBC. The most recently available estimate puts Uber’s value around $60 billion. CEO Dara Khosrowshahi said Chai will be a great partner as Uber moves to becoming a public company.
08.22.2018 15:12

Netflix is about to make a big change to the way you pay for streaming

Netflix is looking to avoid paying fees to Apple by making people sign up for subscriptions through its website. People were previously able to download and sign up for Netflix through Apple’s App Store. Netflix — like other app makers — then had to pay Apple up to 30% of those subscriptions. Netflix is now running a trial to see if it can avoid paying those fees by informing users in 33 countries that they need to sign up for subscriptions through its website. The move isn’t unheard of among the tech world. Spotify cut off subscription payments through Apple and Amazon forces users to make purchases in browsers, according to Gizmodo. Fortnite recently started asking users to avoid the Google Play store and download the app from its website. 
08.22.2018 14:56

Electric Scooters in New York City? They Just Might Work

After facing a series of issues and mountains of metal, cities are cracking down on scooter-sharing services. San Francisco outlawed scooters in June, for example. Other cities have seen companies leave town. Could New York City succeed where others have failed? Even though electric scooters are illegal in the city right now, The New York Times Editorial Board says it's possible — if some changes are put in place. Specifically, they write that the city needs wider sidewalks and more protected and unobstructed bike lanes. “If the city is serious about wanting safe, reliable ways for people in all areas of New York to get around, the path ahead is clear,” they write.
08.22.2018 14:36

Comfortably numb: Americans are less worried about online security

Americans are less and less concerned about their online security and privacy, despite a number of high-profile breaches over the last yearCensus bureau datareported in Axios, shows that connected U.S. households with concerns about their privacy and security fell from 84% in 2015 to 73% in 2017. A declining portion of households also claimed that privacy concerns prevented them from making a purchase or posting online.
08.21.2018 18:10

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Venture and growth investors are doing a lot to speed up the rise of these worker-bots. So far this year, they’ve poured hundreds of millions into developers of robotic process automation technology, the term to describe software used for performing a series of tasks previously carried out by humans.

What if blockchain turned out to be just what emerging economies were after?



While Clinton certainly did not appear to be a Shingy-esque blockchain evangelist onstage, he delivered a targeted amount of enthusiasm about new technologies like blockchain and artificial intelligence in enhancing accessibility and shaping the country’s economic future.

It might be the only way we can break Facebook’s hold on our lives, it could cement Apple’s reputation as a privacy-minded service provider, and more importantly, it wouldn’t be that hard to get people to use it.
Instagram’s co-founders announced that Adam Mosseri, the platform’s vice president of product, is now in charge. Mosseri will oversee all functions of the business and recruit a new executive team, Kevin Systrom and Mike Krieger said in a statement. The co-founders announced their departure last week — more than six years after Facebook purchased the company for $1 billion. “We remain excited for the future of Instagram in the coming years as we transition from being leaders at Instagram to being just two users in a billion,” said Systrom and Krieger.
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