Social Networks

Imzy, the Kinder and Gentler Reddit By Ex Employee, Is Shutting Down (imzy.com) 65

Imzy, a social media site led by ex-Reddit employee Dan McComas, announced on Wednesday that it will be closing its doors next month. The site was launched last year with much fanfare. Imzy sought to offer a community that didn't have trolls, one of the reasons that led McComas to leave Reddit two years ago. Ever since its launch, Imzy struggled to gain traction. According to web analytics firm SimilarWeb, the website was visited less than 400,000 times last month. McComas didn't elaborate why his service was shutting down, though he wrote: Some of you have been here since our launch into beta and some are brand new. We've loved getting to know all of you and seeing you build communities and make new friends. Unfortunately, we were not able to find our place in the market. We still feel that the internet deserves better and hope that we see more teams take on this challenge in the future.
Businesses

US International Tourism Market Share Is Falling Under Trump (buzzfeed.com) 233

An anonymous reader writes: The United States' slice of the international tourism pie is declining, according to a new report from Foursquare that looks at data from millions of phones worldwide. The US share of international tourism dropped 16% in March 2017 compared with the previous year. And it declined an average of 11% year over year in months spanning October 2016 to March 2017, according to the report. The drop coincides with the final month of the US election, the Trump transition, and the early months of the Trump administration, which notably imposed a travel ban on people from several majority-Muslim countries in January 2017 that was eventually halted in court but is currently under appeal. Declines in tourism market share from people originating in the Middle East were more pronounced than the rest of the world, down 25% this January, along with a smaller decrease from South America, Foursquare found. The data accounts for the percentage of international tourism coming to the US and not the absolute number of tourists, but Foursquare CEO Jeff Glueck told BuzzFeed News that it's unlikely tourist visits to the US increased while share declined. "I don't think you'd see a 16% decline in international market share and absolute numbers being up. I don't think that's compatible," he said. "The volume of tourism doesn't change that fast."
Books

Amazon Brings Its Physical Bookstore To New York (usatoday.com) 28

Amazon's first New York City bookstore, Amazon Books, will open to the general public on Thursday morning, marking Amazon's highest-profile move into bricks-and-mortar retail to date. Even as the book shop is a physical bookstore, some "Amazon" elements can be felt. From a report: While some may be excited that this is an "Amazon Store," similar to Apple and Microsoft's respective flagship stores located just blocks away, Amazon says its goal for the new store is the same as it was when the online retail giant first started two decades ago: To sell books. "We have this 20 years of information about books and ratings, and we have millions and millions of customers who are passionate," said Jennifer Cast, vice president of Amazon Books. "It really is a different way to surface great books." The 4,000 square-foot-store features roughly 3,000 books, all with their covers facing out in order to better to "communicate their own essence," Cast says. The company's recommendation system makes a physical appearance in the bookstore through an "if you like this" section, which combines the data Amazon gathers on the books listed with human curators to recommend new books. To someone who walks in to browse, it feels like a high-tech Barnes and Noble.
Businesses

Renewable Energy Powers Jobs For Almost 10 Million People (bloomberg.com) 107

According to the International Renewable Energy Agency's (IRENA) annual report, the renewable energy industry employed 9.8 million people last year, which is up 1.1 percent from 2015. The strongest growth was seen in the solar photovoltaic category with 3.09 million jobs. Bloomberg reports: Here are some of the highlights from the report: Global renewables employment has climbed every year since 2012, with solar photovoltaic becoming the largest segment by total jobs in 2016. Solar photovoltaic employed 3.09 million people, followed by liquid biofuels at 1.7 million. The wind industry had 1.2 million employees, a 7 percent increase from 2015. Employment in renewables, excluding large hydro power, increased 2.8 percent last year to 8.3 million people, with China, Brazil, the U.S., India, Japan and Germany the leading job markets. Asian countries accounted for 62 percent of total jobs in 2016 compared with 50 percent in 2013. Renewables jobs could total 24 million in 2030, as more countries take steps to combat climate change, IRENA said.
Businesses

Open19 Launches Open Hardware Project Targeting Edge Computing (datacenterfrontier.com) 14

miller60 writes: The Open19 Foundation launched today, positioning its open hardware designs as a platform for edge computing, and an alternative to the Open Compute Project and hyperscale designs. The Open19 designs were created by the data center team at LinkedIn, citing its focus on a 19-inch rack and licensing terms that it said allow participants better control over their intellectual property. Open Compute develops the 21-inch Open Rack but is also supporting several designs for 19-inch racks, including the Project Olympus concept contributed by Microsoft, LinkedIn's parent company. According to Fortune, the Open19 Foundation is a new group established by LinkedIn, Hewlett Packard Enterprise, and General Electric. Its purpose is to make it easier for businesses to buy data center hardware and to encourage companies to build data center hardware more uniformly so that it fits in standardized data racks. The racks themselves are used by businesses to house their computing gear, such as servers and routers. The 19-inch rack is the most commonly used.
The Almighty Buck

Uber Plans Millions In Back Pay After Shorting NYC Drivers (bloomberg.com) 30

An anonymous reader quotes a report from Bloomberg: Uber Technologies Inc. said it underpaid its New York City drivers by improperly calculating the company's share of passenger fares, and will pay out an average of $900 per driver in restitution, costing tens of millions of dollars. The back pay could run at least $45 million, based on the approximately 50,000 drivers the Independent Drivers Guild says work in New York City. The ride-hailing company has previously misled drivers about how much they could make and miscalculated fares. In this case, Uber was taking its cut of fares based on the pretax sum, instead of after taxes and fees as stated in its terms of service. The issue was also raised in a lawsuit against San Francisco-based Uber filed by the New York Taxi Workers Alliance. In March, Uber acknowledged that it had underestimated drivers' pay in Philadelphia by millions of dollars. "We are committed to paying every driver every penny they are owed -- plus interest -- as quickly as possible," Rachel Holt, Uber's head of U.S. operations, said in a statement. "We are working hard to regain driver trust, and that means being transparent, sticking to our word, and making the Uber experience better from end to end."
Sony

'Sony Needs a Fresh Hit' (bloomberg.com) 117

Even as Sony's CEO Kazuo Hirai has done a remarkable job over the past five years -- taking bold decisions on the areas the company should be focusing on, and cutting efforts on those that aren't working -- his company desperately needs a fresh hit to boost its revenue and to become relevant in the mind of most, writes columnist Tim Culpan for Bloomberg. An except from his article: According to a company statement Tuesday for investors' day, the key will be to "remain the 'last one inch' that delivers a sense of 'wow' to customers," expand recurring revenue, and pursue new businesses.Those three strategies are closely linked. With TV sales in decline, its Vaio PC business spun off, and its smartphones barely a blip on the radar, Sony's last inch is heavily dependent on the PlayStation. Sony's Game & Network Services business has grown at both the top and bottom lines over the past five years, but the games console business is stuck in time. [...] Sony needs to build a device that will be far more ubiquitous and can appeal to consumers beyond the current male-skewed slowly aging hard-core gamer base. Amazon and Alphabet, with Echo and Home, are two such examples, and Apple will probably follow suit. With its background in audio, video, sensors and entertainment, Sony has all the right parts to make it happen. For the company that invented the Walkman, dreaming up another hit shouldn't be so hard.
China

Chinese Giant Huawei Gets Serious About PC Business, Announces Plans For Global Expansion (reuters.com) 51

Speaking of new laptops, Chinese conglomerate Huawei plans a global expansion into computers, it said on Tuesday, posing a fresh challenge to established PC players in a market that has suffered two years of falling sales volumes and pressure on margins. From a report: At a news conference in Berlin, the Shenzhen-based company introduced its first line-up of three personal computer models, including a 15.6-inch screen notebook, a 2-in-1 tablet and notebook hybrid and an ultra slim, metallic 13-inch notebook. Initially, Huawei plans to target the premium-priced consumer market, competing with Lenovo, HP and Dell, which together sell more than 50 percent of all PCs. To a lesser extent, it will also go up against Apple's high-end, but shrinking, Mac computer business. Huawei's Matebook X is a fanless notebook with splash-proof screen and combined fingerprint sign-on and power button, priced between 1,399 and 1,699 euros ($1,570-$1,900). Its Matebook E 2-in-1 hybrid will run from 999 to 1,299 euros while the Matebook D with 15.6-inch display is priced at 799 to 999 euros, it said. Huawei said it aims to offer the new PCs in 12 countries in Europe, North America, Asia, and the Middle East in early June.
Businesses

Nokia Uses Lawsuit To Make Apple Its Friend (bbc.com) 8

Apple has settled a patent dispute with Finnish telecom equipment maker Nokia and agreed to buy more of its network products and services. The deal means Nokia will get bigger royalties from Apple for using its mobile phone patents, helping offset the impact of waning demand for its mobile network hardware. Nokia's shares were up by seven percent following the announcement. WSJ puts things into perspective: Nokia's deal with Apple follows a highly unusual playbook: using a lawsuit to win business from your adversary (could be paywalled). When the first iPhone was unveiled a decade ago, Apple became a major competitor to the Finnish group, which was then the world's leading mobile-phone maker. As Nokia's business dwindled, the companies became legal antagonists. Now they are set to become business partners. The settlement announced Tuesday involves Apple paying Nokia a lump sum plus royalties for each device it sells using Nokia's technology. This is broadly the same kind of agreement the two sides reached in 2011 following a two-year lawsuit. The previous deal expired last year, which is why both sides launched fresh suits in December. In the aftermath of the lawsuit last year, Apple had pulled all Withings products from its stores. As part of the settlement, Apple said it will reverse that move.
Businesses

LeEco Said To Lay Off Over 80 Percent of US Workforce (cnbc.com) 103

An anonymous reader quotes a report from CNBC: LeEco, a Chinese company that made a big splash in the U.S. last fall, is preparing for a round of layoffs that may happen as soon as Tuesday, according to sources. Two people told CNBC the company is planning massive layoffs in the U.S., with one source saying that only 60 employees will be left after the cut. The company's current headcount in the U.S. is over 500, according to this person. CNBC obtained an email calling employees together for a Town Hall Meeting that will occur in three of the company's U.S. locations, including San Diego, Santa Monica and San Jose, at 10 a.m. PST. The email asks employees to attend unless they're off for the day, in which case they're asked to call in. It's not clear what will be announced at the meeting, but a second source told CNBC that layoffs will be announced tomorrow. Under the restructuring, LeEco will refocus on encouraging Chinese-American consumers to watch LeEco's Chinese content library, one person said.
The Courts

PayPal Sues Pandora Over 'Patently Unlawful' Logo (billboard.com) 130

PayPal has filed a trademark infringement lawsuit against Pandora, arguing that the company's minimalist logo "dilutes the distinctiveness" of its own branding. "Element by element and in overall impression, the similarities between the logos are striking, obvious, and patently unlawful," the lawsuit alleges. Billboard reports: In October 2016, Pandora announced it was redesigning its logo from a thin, serifed "P" into the chunky, sans serifed "P" that it is today. The color scheme was also changed from midnight blue to a softer shade of blue. By comparison, PayPal's logo, active since 2014, also features a minimalist-looking "P" in a sans serif font and sporting a blue color palette. PayPal's mark actually consists of two overlapping and slanted "Ps," whereas Pandora keeps it to one. Both P's lack a hole. It is because of these similarities that PayPal believes customers of both companies are unable to distinguish the two, and that many are complaining about inadvertently opening Pandora instead of PayPal on their smartphones. The lawsuit includes various screen grabs, primarily from Twitter, of people noting the similarities. PayPal's lawsuit also points out Pandora's current struggles as a brand, saying that since it is primarily an ad-supported service, it "has no obvious path to profitability," especially given "overwhelming competition" from the likes of Spotify and Apple Music. The suit alleges that Pandora purposely "latched itself on to the increasingly popular" PayPal logo look-and-feel as part of its efforts to reverse its fortunes.
Microsoft

Microsoft Says a Chinese 'Gaming Service' Company Is Hacking Xbox Accounts (theverge.com) 30

An anonymous reader shares a report: Since 2015, a Chinese gaming website has been hacking Xbox accounts and selling the proceeds on the open market, according to a complaint filed by Microsoft in federal court on Friday. On its website, iGSKY presents itself as a gaming service company, offering players a way to pay for in-game credits and rare items -- but according to Microsoft, many of those credits were coming from someone else's wallet. The complaint alleges that the company made nearly $2 million in purchases through hacked accounts and their associated credit cards, using purchases as a way to launder the resulting cash. On the site, cheap in-game points are also available for the FIFA games, Forza Horizon 3, Grand Theft Auto V, and Pokemon Go, among others.
Businesses

Amazon's 1.7 Million Free Bananas 'Disrupting' Local Fruit Economy (consumerist.com) 110

Amazon has transformed businesses including retailing, filmmaking and data storage. But no one anticipated the bananas. It started with a brainstorm from founder and CEO Jeff Bezos that Amazon should offer everyone near its headquarters -- not just employees -- healthy, eco-friendly snacks as a public service. After considering oranges, Amazon picked bananas, and opened its first Community Banana Stand in late 2015. However, not everyone is pleased with the ecommerce giant's effort. From a report: Although there is no money in Amazon's community banana stands -- where the company has been offering free fruit to both workers and locals in Seattle since 2015 -- the tech giant's largesse is changing the banana landscape for some nearby businesses. [...] Thus far, the company says it's handed out more than 1.7 million free banana, reports The Wall Street Journal. But while many folks are fans of the free bananas, others say it's changing banana consumption in the community: Some workers say it's harder to find bananas at local grocery stores, while nearby eateries have also stopped selling as many banana as they used to.
Transportation

Self-Driving Cars Could Cost America's Professional Drivers Up To 25,000 Jobs a Month (cnbc.com) 181

The full impact of self-driving cars on society is several decades away -- but when it hits, the job losses will be substantial for American truck drivers, according to a new report from Goldman Sachs. From a report: When autonomous vehicle saturation peaks, U.S. drivers could see job losses at a rate of 25,000 a month, or 300,000 a year, according to a report from Goldman Sachs Economics Research. Truck drivers, more so than bus or taxi drivers, will see the bulk of that job loss, according to the report. That makes sense, given today's employment: In 2014, there were 4 million driver jobs in the U.S., 3.1 million of which were truck drivers, Goldman said. That represents 2 percent of total employment.
Businesses

Tech-Savvy Workers Increasingly Common in Non-IT Roles (betanews.com) 124

An anonymous reader shares an article: IT professionals are becoming an increasingly common presence outside of the traditional IT departments, new research has found. According to CompTIA, it seems executives are calling for specialized skills, faster reflexes and more teamwork in their workers. According to the report, a fifth (21 percent) of CFOs say they have a dedicated tech role in their department. Those roles include business scientists, analysts, and software developers. There are also hybrid positions -- in part technical, but also focused on the business itself. "This isn't a case of rogue IT running rampant or CIOs and their teams becoming obsolete," says Carolyn April, senior director, industry analysis, CompTIA. "Rather, it signals that a tech-savvier workforce is populating business units and job roles."
Businesses

Pittsburgh Is Falling Out of Love With Uber's Self-Driving Cars (engadget.com) 82

A worn-out welcome: The city rolled out the red carpet as a host to Uber's driverless car experiments, but nine months later its mayor and residents have built up a list of grievances with the public-private partnership. From a report: While our experience in one of the autonomous vehicles was thankfully pretty safe, it wasn't long before reports of accidents and wrong-way driving began to surface during the first month of the operation. Nine months later, the relationship continues to sour, according to a report in the New York Times. The things Uber promised in return for the city's support -- including free rides in driverless cars, backing the city's $50 million federal transportation grant and jobs for a neighborhood nearby Uber's testing track -- have not materialized. The situation was an issue during the mayoral primary, too, with critics calling out incumbent Bill Peduto for not getting these agreements in writing from the ride-sharing company.
Transportation

Ford Ousted Its CEO And Is Doubling Down On Self-Driving Cars (qz.com) 122

An anonymous reader shares a report: At a press conference today, Ford announced that it had replaced CEO Mark Fields with Jim Hackett, director of the company's autonomous-car research. Previously the CEO of furniture company Steelcase (and a former athletic director at the University of Michigan), Hackett took a seat on Ford's board in 2013. He has been running the company's Smart Mobility subsidiary since March 2016. Smart Mobility is tasked with securing Ford's long-term future. The division houses Ford's self-driving car program, which plans to start ferrying employees around its Dearborn, Michigan campus in 2018. Outgoing CEO Mark Fields previously said that Ford would sell autonomous vehicles to consumers by 2025. [...] Hackett is expected to continue the push into self-driving cars. "We have to re-energize our business, we need to modernize our business," executive chairman Bill Ford said about the company's initiatives into new technologies at the conference.
Android

Hackers Hit Russian Bank Customers, Planned International Cyber Raids (reuters.com) 19

Russian cyber criminals used malware planted on Android mobile devices to steal from domestic bank customers and were planning to target European lenders before their arrest, investigators and sources with knowledge of the case told Reuters. From the report: Their campaign raised a relatively small sum by cyber-crime standards -- more than 50 million roubles ($892,000) -- but they had also obtained more sophisticated malicious software for a modest monthly fee to go after the clients of banks in France and possibly a range of other western nations. Russia's relationship to cyber crime is under intense scrutiny after U.S. intelligence officials alleged that Russian hackers had tried to help Republican Donald Trump win the U.S. presidency by hacking Democratic Party servers. The Kremlin has repeatedly denied the allegation. The gang members tricked the Russian banks' customers into downloading malware via fake mobile banking applications, as well as via pornography and e-commerce programs, according to a report compiled by cyber security firm Group-IB which investigated the attack with the Russian Interior Ministry.
The Almighty Buck

Bitcoin Price Hits Fresh Record High Above $2,200 (cnbc.com) 172

An anonymous reader writes: Monday marks the seven-year anniversary of Bitcoin Pizza Day -- the moment a programmer named Laszlo Hanyecz spent 10,000 bitcoin on two Papa John's pizzas. More important than the episode being widely recognized as the first transaction using the cryptocurrency is what it tells us about the bitcoin rally that saw it break through the $2,100 mark on Monday. Bitcoin was trading as high as $2,185.89 in the early hours of Monday morning, hitting a fresh record high, after first powering through the $2,000 barrier over the weekend, according to CoinDesk data. Throughout the weekend, the value of cryptocurrency was looming around $2,000.
China

Did China Hack The CIA In A Massive Intelligence Breach From 2010 To 2012? (ibtimes.com) 112

schwit1 quotes the International Business Times: Both the CIA and the FBI declined to comment on reports saying the Chinese government killed or imprisoned 18 to 20 CIA sources from 2010 to 2012 and dismantled the agency's spying operations in the country. It is described as one of the worst intelligence breaches in decades, current and former American officials told the New York Times.

Investigators were uncertain whether the breach was a result of a double agent within the CIA who had betrayed the U.S. or whether the Chinese had hacked the communications system used by the agency to be in contact with foreign sources. The Times reported Saturday citing former American officials from the final weeks of 2010 till the end of 2012, the Chinese killed up to 20 CIA sources.

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