Businesses

Jeff Bezos Becomes the Richest Man In Modern History, Topping $150 Billion (bloomberg.com) 228

An anonymous reader quotes a report from Bloomberg: Jeff Bezos is the richest person in modern history. The Amazon founder's net worth broke $150 billion in New York on Monday morning, according to the Bloomberg Billionaires Index. That's about $55 billion more than Microsoft co-founder Bill Gates, the world's second-richest person. Bezos, 54, has now topped Gates in inflation-adjusted terms. The $100 billion mark that Gates hit briefly in 1999 at the height of the dot-com boom would be worth about $149 billion in today's dollars. That makes the Amazon chief executive officer richer than anyone else on earth since at least 1982, when Forbes published its inaugural wealth ranking. Bezos crossed the threshold just as Amazon prepares to kick off its 36-hour summer sales event, Prime Day. The company's share price was $1,825.73 at 11:10 a.m. in New York, extending its 2018 gain to 56 percent and giving Bezos a $150.8 billion fortune. A little more than a week ago, Facebook co-founder Mark Zuckerberg overtook Warren Buffett to become the world's third-richest person.
Businesses

Amazon Suffers Glitches at the Start of Prime Day (techcrunch.com) 120

It's not just you. Amazon Prime Day started 15 minutes ago, and so far, it's not going well for Amazon. From a report: The landing page for Prime Day does not work. When most links are clicked, readers are sent to an error page or to a landing page that sends readers back to the main landing page. Direct links to the product pages, either from outside links or the single product placement on the landing page, seem to work fine. This is a huge blow to Amazon and its faux holiday Prime Day. The retailer has been pushing this event for weeks and there are some great deals to be had. It's not a good look for the world's largest retailer. Both the desktop website and mobile app are facing glitches, users said. Prime Day, which began just now, is a 36-hour shopping event. CNBC reports: Some users saw an error page featuring the "dogs of Amazon" and were never able to enter the site. Some got caught in a loop of pages urging them to "Shop all deals." Clicking the entry link for a specific category returned the user to the first page urging them to "Shop all deals." Some users successfully added items to their cart, only to receive an error message when trying to checkout and complete the purchase. Business Insider reports that several customers are threatening Amazon that they would cancel their Prime membership if the company is unable to resolve the glitches soon. Bloomberg offers some context on the significance of the any outrages on Amazon's website today: Trouble on the site spiked when the event began at 3 p.m. Eastern time, according to Downdetector.com, which monitors web trouble. Shoppers were expected to spend $3.4 billion on the site during the event, up more than 40 percent from a year earlier, according to Coresight Research.
The Internet

Study Suggests Buried Internet Infrastructure at Risk as Sea Levels Rise (eurekalert.org) 191

Thousands of miles of buried fiber optic cable in densely populated coastal regions of the United States may soon be inundated by rising seas, according to a new study by researchers at the University of Wisconsin-Madison and the University of Oregon. From a report: The study, presented Monday at a meeting of internet network researchers, portrays critical communications infrastructure that could be submerged by rising seas in as soon as 15 years, according to the study's senior author, Paul Barford, a UW-Madison professor of computer science. "Most of the damage that's going to be done in the next 100 years will be done sooner than later," says Barford, an authority on the "physical internet" -- the buried fiber optic cables, data centers, traffic exchanges and termination points that are the nerve centers, arteries and hubs of the vast global information network. "That surprised us. The expectation was that we'd have 50 years to plan for it. We don't have 50 years."

The study, conducted with Barford's former student Ramakrishnan Durairajan, now of the University of Oregon, and Carol Barford, who directs UW-Madison's Center for Sustainability and the Global Environment, is the first assessment of risk of climate change to the internet. It suggests that by the year 2033 more than 4,000 miles of buried fiber optic conduit will be underwater and more than 1,100 traffic hubs will be surrounded by water. The most susceptible U.S. cities, according to the report, are New York, Miami and Seattle, but the effects would not be confined to those areas and would ripple across the internet, says Barford, potentially disrupting global communications.

Businesses

Skype 8.0 Launches on Desktop With Full-HD Video; To Soon Get Encryption and Call Recording Features (techcrunch.com) 73

Skype's redesign launched last year was met with mixed reviews, but the company is forging ahead by rolling out a number of its new features to other platforms, including the desktop. From a report: Microsoft today is launching Skype version 8.0 that will replace version 7.0 (aka Skype classic), the latter which will no longer function after September 1, 2018. The new release introduces a variety of features, including HD video and screen-sharing in calls, support for @mentions in chats, a chat media gallery, file and media sharing up to 300 MB, and more. It will also add several more features this summer, including most notably, supported for encrypted audio calls, texts, and file sharing as well as built-in call recording. The 8.0 release follows on the update to Skype desktop that rolled out last fall, largely focusing on upgrading the visual elements of new design, like the color-coding in chat messages and "reaction" emojis. This release also included the chat media gallery and file sharing support, which are touted as new today, but may have already hit your desktop.
Hardware

Microsoft's Panos Panay Says Company is Exploring Several New Form Factors in Surface Category, But a Phone Isn't One of Them (bleepingcomputer.com) 36

Speaking on the sidelines of the Surface Go launch, Microsoft's Panos Panay, who heads the Surface division, once again very much reiterated that the company has moved past its smartphone ambitions. From a report: In an interview with Wired, Microsoft's Surface head Panos Panay confirmed that the company is working on new form factors. When questioned about whether this would include a new Surface Phone, Panay stated that the Surface Phone was not one that they are thinking about at this time. "I wouldn't say that it includes a Surface Phone," Panos answered in the interview. "I think you have to think about where is that unmet need when you're thinking about your product road-map," he replied. "Of course, we're always inventing, of course, we're thinking about new form factors," Panos added. "The way people will communicate in the future will change. The form factors will wrap around that. And so when you say the phone form factor changes, I would flip it a little bit and say that communication changes."
Businesses

Instapaper is Going Independent (instapaper.com) 16

Popular bookmarking and read-it-later app, Instapaper made the following announcement in a blog post: Today, we're announcing that Pinterest has entered into an agreement to transfer ownership of Instapaper to Instant Paper, Inc., a new company owned and operated by the same people who've been working on Instapaper since it was sold to betaworks by Marco Arment in 2013. The ownership transfer will occur after a 21 day waiting period designed to give our users fair notice about the change of control with respect to their personal information. We want to emphasize that not much is changing for the Instapaper product outside the new ownership. The product will continue to be built and maintained by the same people who've been working on Instapaper for the past five years. We plan to continue offering a robust service that focuses on readers and the reading experience for the foreseeable future.
United States

Lights Slowly Come On for Puerto Ricans in Rural Areas (csmonitor.com) 163

Almost a year after two hurricanes ravaged the US territory, repair crews are working to energize the more than 950 homes and businesses that remain without power in hard-to-reach areas. Puerto Ricans remain fearful that their newly returned normality could be short lived. An anonymous reader shares a report: Lights are slowly coming on for the more than 950 homes and businesses across Puerto Rico that remain without power in hard-to-reach areas. Repair crews sometimes have to dig holes by hand and scale down steep mountainsides to reach damaged light posts. Electrical poles have to be ferried in one-by-one via helicopter. It is slow work, and it has stretched nearly two months past the date when officials had promised that everyone in Puerto Rico would be energized. And even as TVs glow into the night and people like delivery man Steven Vilella once again savor favorite foods like shrimp and Rocky Road ice cream, many fear their newly returned normality could be short-lived. Turmoil at the island's power company and recent winds and rains that knocked out electricity to tens of thousands of people at the start of the new hurricane season have them worried.
China

A Student Was Rejected By A College Because Of China's 'Social Credit System' (buzzfeed.com) 255

An anonymous reader shares a report: A prestigious college in Beijing that reportedly tried to bar a student because his father was on a government blacklist is causing huge controversy in China. According to state media reports, a high school student with the surname Rao in the eastern city of Wenzhou, in Zhejiang province, was accepted on the back of his score in China's fiendishly difficult and incredibly competitive national college entrance exam. But before his family could enjoy Rao's accomplishments, the college notified them he may not be able to attend because of his father's poor credit standing -- the father owed 200,000 RMB (about $30,000) to a local bank, and had been put on a blacklist dubbed the "lost trust list" for individuals with bad social standing, state media reported.

Blacklists are a key feature of China's controversial "social credit system" -- a set of government programs that sets up both incentives and disincentives to encourage people to behave in socially desirable ways. Social credit in today's China involves government programs that collect and analyze data from different parts of people's lives, including their education history, compliance with traffic rules, criminal history and debt. It has raised serious concerns over individual privacy rights.

EU

The EU Would Very Much Like Airbnb To Know That the Rules Are Different in Europe (fortune.com) 105

Airbnb is facing fresh regulatory pressure in Europe. But this time it's not about the short-term home rental platform's core business model -- it's about its terms and conditions, and the way the company presents pricing to consumers. From a report: On Monday, the European Commission and a number of EU consumer watchdogs accused Airbnb of breaking consumer law. If the company does not change the way it operates by the end of August, then it could face legal action. Specifically, the regulators said Airbnb must show people total prices up-front that include all charges and fees, and it must clearly tell customers whether a property is being offered by a private host or a professional. The American company's terms and conditions are illegal under EU law for a variety of reasons, the regulators added. For example, the company tells people in the EU that they cannot sue a host in cases of personal harm or other damages, and it claims it can unilaterally change its terms and conditions without giving customers a warning and the option of cancelling their contracts. These sorts of terms might fly in the U.S., but they're banned in Europe.
Businesses

Amazon Admits Prime Day Deals Not Necessarily the Cheapest (bbc.co.uk) 113

Shoppers taking part in internet giant Amazon's Prime Day are being told that the deals on offer may not be the cheapest available. From a report: Amazon said it has never claimed that Prime Day is necessarily the cheapest time to shop on its site. It comes after consumer group Which? warned customers that apparent bargains are not always as good as they seem. It said some goods can actually be cheaper at other times of the year, and advised shoppers to do their research. The 36 hour sale -- aimed at subscribers to the Prime shopping service -- offers discounts on a range of goods. The deals are time-limited, with shoppers being told that some items are only available while stocks last.
Privacy

Judge Jails Defendent For Failing To Unlock Phones (fox13news.com) 506

devoid42 writes: In a Tampa courtroom, Judge Gregory Holder held William Montanez in contempt of court for failure to unlock a mobile device. What led to this was a frightening slippery slope that threatens our Fourth Amendment rights to the core. Montanez was stopped for failing to yield properly. After being pulled over, the officer asked to search his car; Montanez refused, so the officer held him until a drug dog was brought in to give the officer enough probable cause to search the vehicle. They found a misdemeanor amount of marijuana, which they used to arrest Montenez, but they asked to search his two cellphones, which he also refused. They were able to secure a warrant for those as well, but Montenez claimed he had forgotten his password. The result: Montanez is being held in contempt of court and is serving a six-month jail sentence.
Printer

Lockheed Martin Creates Its Largest 3D-Printed Space Part To Date (engadget.com) 80

Lockheed Martin has finished quality control tests for its largest 3D-printed space part to date: an enormous titanium dome meant to serve as caps for satellite fuel tanks. The component measures four feet in diameter. Engadget reports: Its previous largest qualified space part is an electronics enclosure that's around the size of a toaster. This dome is large enough to seal fuel tanks bigger than humans and, according to Lockheed Martin, big enough to hold 74.4 gallons of coffee or 530 donuts. Glazed, of course.

Titanium is an ideal material for the industry, because it's lightweight and can withstand the harsh conditions of space travel. However, manufacturers end up wasting 80 percent of the material using traditional manufacturing techniques -- plus, each component could take years to build. Rick Ambrose, the company's executive VP, said they were able to cut down the total delivery timeline for a titanium fuel tank dome from two years to an incredibly impressive three months. "Our largest 3D-printed parts to date show we're committed to a future where we produce satellites twice as fast and at half the cost."

Books

New Book Paints Different Picture of Workplace Behavior At Google and Facebook 191

Longtime Slashdot reader theodp writes: In Valley of Genius: The Uncensored History of Silicon Valley (As Told by the Hackers, Founders, and Freaks Who Made It Boom), Adam Fisher paints quite a different picture of life at now-workforce behavior preachers Google and Facebook, revealing that the tech giants' formative days were filled with the kind of antics that run afoul of HR protocols. Google was not a normal place, begins an excerpt in Vanity Fair that includes some juicy quotes attributed to Google executive chef Charlie Ayers about Google's founders ("Sergey's the Google playboy. He was known for getting his fingers caught in the cookie jar with employees that worked for the company in the masseuse room. He got around.") And in Sex, Beer, and Coding, Wired runs an excerpt about Facebook's wild early days, which even extended to the artwork gracing its office ("The office was on the second floor, so as you walk in you immediately have to walk up some stairs, and on the big 10-foot-high wall facing you is just this huge buxom woman with enormous breasts wearing this Mad Max-style costume riding a bulldog. It's the most intimidating, totally inappropriate thing. [...] That set a tone for us. A huge-breasted warrior woman riding a bulldog is the first thing you see as you come in the office, so like, get ready for that!" So, what changed? "When Sheryl Sandberg joined the company is when I saw a vast shift in everything in the company," said Ayers about Google. Sandberg later became Facebook's grown-up face.
Security

Passwords For Tens of Thousands of Dahua Devices Cached In IoT Search Engine (bleepingcomputer.com) 28

An anonymous reader writes: "Login passwords for tens of thousands of Dahua devices have been cached inside search results returned by ZoomEye, a search engine for discovering Internet-connected devices (also called an IoT search engine)," reports Bleeping Computer. A security researcher has recently discovered that instead of just indexing IoT devices, ZoomEye is also sending an exploitation package to devices and caching the results, which also include cleartext DDNS passwords that allow an attacker remote access to these devices. Searching for the devices is trivial and simple queries can unearth tens of thousands of vulnerable Dahua DVRs. According to the security researcher who spotted these devices, the trick has been used in the past year by the author of the BrickerBot IoT malware, the one who was on a crusade last year, bricking unsecured devices in an attempt to have them go offline instead of being added to IoT botnets.
Advertising

Digital Ads Are Starting To Feel Psychic (theoutline.com) 182

It seems like everyone these days has had a paranoiac moment where a website advertises something to you that you recently purchased or was gifted without a digital trail. According to a new website called New Organs, which collects first-hand accounts of these moments, "the feeling of being listened to is among the most common experiences, along with seeing the same ads on different websites, and being tracked via geo-location," reports The Outline. The website was created by Tega Brain and Sam Lavigne, two Brooklyn-based artists whose work explores the intersections of technology and society. From the report: "We are stuck in this 20th century idea of spying, of wiretapping and hidden microphones," said Brain. "But really there is this whole new sensory apparatus, a complicated entanglement of online trackers and algorithms that are watching over us." It is this new sensory apparatus that Brain and Lavigne metaphorically refer to as "new organs," as if the online surveillance framework used by social media platforms like Facebook has somehow transfigured into a semi-living organism. "These new organs don't actually need to listen to your voice to know that you like Japanese knives," Lavigne told me. "They actually have ways of coming to know things about you that we don't fully understand yet." In other words, these new methods of data collection have become so uncannily accurate in their knowledge of you as to occasionally feel indistinguishable from actual ears listening in on and understanding intimate conversations.

There are a few things that we do already know about these new "organs" of data processing, as defined by Brain and Lavigne. We know, for instance, that they have an insatiable appetite for personal data. They gather this by first tracking online activity, which is enough to tell them what people like, what they search for, what they listen to, what they read, where they're walking for dinner, and also, worryingly, who their friends are and what they like, read, purchase -- data that is gathered without their awareness. But, then, the organs also gather information purchased from commercial data brokers about people's offline lives, like how many credit cards they own, what their income is, and what they purchase when they go grocery shopping. And all of this information is triangulated with friends' data, because if they know what those dear to you are buying -- a Japanese knife, for instance -- there is a good chance that that person will be interested in that very same thing. The new organs process this enormous amount of information to break you down into categories, which are sometimes innocuous like, "Listens to Spotify" or "Trendy Moms," but can also be more sensitive, identifying ethnicity and religious affiliation, or invasively personal, like "Lives away from family." More than this, the new organs are being integrated with increasingly sophisticated algorithms, so they can generate predictive portraits of you, which they then sell to advertisers who can target products that you don't even know you want yet.

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