Compare cell phone plans using Wirefly's innovative plan comparison tool ×
Businesses

Uber Loses At Least $1.2 Billion In First Half of 2016 (bloomberg.com) 130

An anonymous reader writes: The ride-hailing giant Uber Technologies Inc. is not a public company, but every three months, dozens of shareholders get on a conference call to hear the latest details on its business performance from its head of finance, Gautam Gupta. On Friday, Gupta told investors that Uber's losses mounted in the second quarter. Even in the U.S., where Uber had turned a profit during its first quarter, the company was once again losing money. In the first quarter of this year, Uber lost about $520 million before interest, taxes, depreciation and amortization, according to people familiar with the matter. In the second quarter the losses significantly exceeded $750 million, including a roughly $100 million shortfall in the U.S., those people said. That means Uber's losses in the first half of 2016 totalled at least $1.27 billion. "It's hardly rare for companies to lose large sums of money as they try to build significant markets and battle for market share," said Joe Grundfest, professor of law and business at Stanford. "The interesting challenge is for them to turn the corner to become profitable, cash-flow-positive entities."
Facebook

WhatsApp To Share Some Data With Facebook (bloomberg.com) 87

Two years ago when Facebook bought WhatsApp, the instant messaging client said that the deal would not affect the digital privacy of its users. Things are changing now, WhatsApp said Thursday. The Facebook-owned app will share with the company some member information, as well as some analytics data of its users. Bloomberg reports: WhatsApp announced a change to its privacy policy today that allows businesses to communicate with users. The messages could include appointment reminders, delivery and shipping notifications or marketing material, the company said in its revised terms of service. In a blog post, WhatsApp said it will be testing these business features over the coming months. The strategy is an important step for Facebook as it attempts to make money from its most expensive acquisition. In addition to the messages from businesses, WhatsApp said it would begin sharing more information about its users with the "Facebook family." The data, including a person's phone number, could be used to better targets ads when browsing Facebook or Instagram, WhatsApp said.
The Almighty Buck

'Legalist' Startup Automates The Lawsuit Strategy Peter Thiel Used To Bankrupt Gawker (gizmodo.com) 211

An anonymous reader writes from a report via Gizmodo: "Two Harvard undergraduates have created a service called Legalist that uses what they call 'data-backed litigation financing,' analyzing civil lawsuits with an algorithm to predict case outcomes and determine which civil lawsuits are worth investing in," reports Gizmodo. The process is very similar to what billionaire Peter Thiel did when he secretly funded a lawsuit from Hulk Hogan against Gawker Media. "Legalist says it uses an algorithm of 58 different variables including, as [Legalist cofounder] Eva Shang told the Silicon Valley Business Journal, who the presiding judge is and the number of cases the judge is currently working on. The algorithm has been fed cases dating back to 1989 and helps people figure out how long a case will last and the risks associated with it. In a presentation at Y Combinator's Demo Day on Tuesday [Legalist was developed as part of Y Combinator's Summer 2016 class], the founders claimed that the startup funded one lawsuit for $75,000 and expects a return of more than $1 million. Shang says the $1.40 is earned for every $1 spent in litigation financing, which can prove to be a profitable enterprise when you're spending hundreds of thousands of dollars." Shang told Business Insider in reference to the Gawker lawsuit, "That's the kind of thing we're staying away from here." The company will supposedly be focusing on commercial and small-business lawsuits, and will not be backing lawsuits by individuals.
Desktops (Apple)

Apple Under Tim Cook: More Socially Responsible, Less Visionary (cnn.com) 145

Let's talk about Apple, unarguably one of the most remarkable companies on the face of the earth. (Remarkable doesn't necessarily mean great -- it just means that the company is something worth making a remark). You can like it, or hate it, but you can simply not ignore Apple. But what's the occasion, you ask? It's been five years since Tim Cook took over as Apple CEO. (Editor's note: auto-playing video ahead, which may annoy you) Under his leadership, Apple has grown to become the world's most successful company, doubling the stock price and registering a staggering 84 percent growth in its net worth. Media outlets are abuzz with articles, analysis, and over-analysis of Tim Cook's Apple today. Some excerpts from a CNN article: Apple's culture has changed noticeably, both for the better and the worse. [...] If Jobs put a dent in the universe through Apple's coveted products, Cook is making his mark by highlighting the importance of social efforts: LGBT rights, philanthropy, corporate diversity, renewable energy and improving manufacturing conditions abroad. Under Cook's leadership, Apple finally began matching charitable contributions from employees, which had long been a sore spot for staff. Apple had 110,000 full-time employees as of the end of September 2015, nearly doubling from the 60,400 employees it reported having in September 2011, shortly after Cook took over, according to annual filings with the SEC. [...] There's now a feeling among some Apple insiders that the company is just running the same product playbook that Jobs created in his final years at the helm. "For four or five years, the playbook is the same that's been done," says Amit Sharma, a former Apple exec on the online store team. But, he adds, "just because everybody is looking for new doesn't mean it's not working."
AI

Microsoft Buys AI-Powered Scheduling App Genee (thestack.com) 28

An anonymous reader quotes a report from The Stack: Microsoft has announced that it has completed its acquisition of artificial intelligence-based scheduling app Genee for an undisclosed amount. The app, which was launched in beta last year, uses natural language processing tools and decision-making algorithms to allow users to schedule appointments without having to consult a calendar. Prior to the acquisition, Genee supported scheduling across Facebook, Twitter, Skype, email, and via SMS. From September 1, Genee will close its own service and will officially join Microsoft, supposedly the Office 365 team. Microsoft believes the addition will help it "further [its] ambition to bring intelligence into every digital experience."
Businesses

Pinterest Acquires Instapaper (theverge.com) 17

An anonymous reader quotes a report from The Verge: Instapaper, a pioneering app for saving articles to read later, has been acquired -- again. The app, which was created by developer Marco Arment and sold to Betaworks in 2013, has found a new home at Pinterest. The goal is "to accelerate discovering and saving articles on Pinterest," the company said in a statement. It will continue to operate as a standalone app, and the Instapaper team will work on both that app and on Pinterest generally. Terms of the deal were not disclosed. As a visual search engine, Pinterest isn't often thought of as a place to bookmark written content. But in 2013 the company introduced article pins, a format that creates rich bookmarks complete with a photo and a preview of the text. The acquisition of Instapaper suggests the company believes there is more to be done there -- although it's not certain how valuable that will be for Pinterest. Instapaper can be used for free or in a $30-a-year premium version; the company has never said how many subscribers it has.
Android

Hey Google, Want To Fix Android Updates? Hit OEMs Where It Hurts (arstechnica.com) 186

Yesterday we talked about some of Nexus devices, including 2013's Nexus 5 not receiving an update, because it has been more than two years since the launch of the phone. But as you may know, this commitment to keeping the devices up to date is even worse when you look at what other Android OEMs are doing. ArsTechnica's Ron Amadeo has a solution: Google keeps missing the point when it comes to addressing Android's update situation. It keeps coming up with strategies to make updating "easier" for OEMs, but I don't think the problem is "ease of updating" -- it's creating any incentive for OEMs to update at all. Google seems to think that its partners will update phones because it's The Right Thing To Do by their customers and that handing out gold stars will send them scrambling to produce updates for their devices. I don't think that's ever going to happen. Google actually already tried the "shame" tactic and it didn't work. When Google-owned Motorola, Moto's update speed went through the roof. Motorola was achieving near-Nexus-like update speeds on many of its phones and was definitely putting other manufacturers to shame. But the increased update competition never really spurred other OEMs to start competing on update speeds. The bottom line is that Android partners only care about, well, the bottom line -- money. These companies already have your money, so updating a device that's already been sold is a needless expense. There's also a good argument to be made that updating a device hurts future sales. If your phone isn't updated, it will start to feel old, so you're more likely to buy a new phone sooner.
The Almighty Buck

Pokemon Go Daily Active Users, Downloads, Engagement Are Dropping (bloomberg.com) 190

An anonymous reader writes:Pokemon Go is starting to lose the battle for mobile mindshare, according to Axiom Capital Management. As such, investors and executives at Facebook Inc., Instagram, Tinder (Match Group Inc.), Twitter Inc., and Snapchat can breathe a sigh of relief, says Senior Analyst Victor Anthony. "Given the rapid rise in usage of the Pokemon Go app since the launch in July, investors have been concerned that this new user experience has been detracting from time spent on other mobile focused apps," he writes. Enthusiasm about the potential for Pokemon Go (and augmented reality gaming in general) to improve Nintendo Co Ltd.'s financial performance sent shares parabolic after the app launched in the U.S., and even spurred rallies in secondary plays linked to the success of the game. Data from Sensor Tower, SurveyMonkey, and Apptopia, however, show that Pokemon Go's daily active users, downloads, engagement, and time spent on the app per day are all well off their peaks and on a downward trend.
Cellphones

Samsung Plans To Sell Refurbished High-End Smartphones In 2017 (reuters.com) 82

An anonymous reader quotes a report from Reuters: Samsung Electronics Co Ltd plans to launch a program to sell refurbished used versions of its premium smartphones as early as next year, a person with direct knowledge of the matter told Reuters. The world's top smartphone maker will refurbish high-end phones returned to the company by users who signed up for one-year upgrade programs in markets such as South Korea and the United States. Samsung would then re-sell these phones at a lower price, the person said, declining to be identified as the plan was not yet public. The person declined to say how big a discount the refurbished phones would be sold at, which markets the phones would be sold in or how many refurbished devices Samsung could sell. It was not clear to what extent the phones would be altered, but refurbished phones typically are fitted with parts such as a new casing or battery. Refurbished phones could help vendors such as Samsung boost their presence in emerging markets such as India, where high-end devices costing $800 or so are beyond most buyers. Samsung's refurbishment program, details of which the person said could be finalized as early as 2017, could help the firm generate revenue from dated high-end smartphones returned by users upgrading to newer versions.
Power

New Mexico Nuclear Accident Ranks Among the Costliest In US History (latimes.com) 312

mdsolar quotes a report from Los Angeles Times: When a drum containing radioactive waste blew up in an underground nuclear dump in New Mexico two years ago, the Energy Department rushed to quell concerns in the Carlsbad desert community and quickly reported progress on resuming operations. The early federal statements gave no hint that the blast had caused massive long-term damage to the dump, a facility crucial to the nuclear weapons cleanup program that spans the nation, or that it would jeopardize the Energy Department's credibility in dealing with the tricky problem of radioactive waste. But the explosion ranks among the costliest nuclear accidents in U.S. history, according to a Times analysis. The long-term cost of the mishap could top $2 billion, an amount roughly in the range of the cleanup after the 1979 partial meltdown at the Three Mile Island nuclear power plant in Pennsylvania. The Feb. 14, 2014, accident is also complicating cleanup programs at about a dozen current and former nuclear weapons sites across the U.S. Thousands of tons of radioactive waste that were headed for the dump are backed up in Idaho, Washington, New Mexico and elsewhere, state officials said in interviews. "The direct cost of the cleanup is now $640 million, based on a contract modification made last month with Nuclear Waste Partnership that increased the cost from $1.3 billion to nearly $2 billion," reports Los Angeles Times. "The cost-plus contract leaves open the possibility of even higher costs as repairs continue. And it does not include the complete replacement of the contaminated ventilation system or any future costs of operating the mine longer than originally planned."
Businesses

Bill Gates's Net Worth Hits $90 Billion (bloomberg.com) 170

schwit1 quotes a report from Bloomberg: The net worth of the world's richest person Bill Gates hit $90 billion on Friday, fueled by gains in public holdings including Canadian National Railway Company and Ecolab Inc. Gates's fortune is now $13.5 billion bigger than that of the world's second-wealthiest person, Spanish retail mogul Amancio Ortega, according to the Bloomberg Billionaires Index. At $90 billion, the Microsoft Corp. co-founder's net worth is equal to 0.5 percent of U.S. GDP. Less than two weeks ago, Bill Gates topped Forbes' "100 Richest Tech Billionaires In The World 2016" (Warning: may be paywalled) list with an estimated fortune of $78 billion.
Android

Apple, Samsung Capture All Of Industry's Smartphone Profits (zdnet.com) 161

Continuing to operate on razor thin margins, smartphone manufacturers other than Samsung and Apple are bleeding money. Apple accounted for 75 percent of the smartphone's profits in the second quarter this year, down from 90 percent a year ago, according to Canaccord Genuity. Samsung, which has reported strong sales thanks to its Galaxy S7 series of smartphones, accounted for more than 30 percent of the industry, the research added. ZDNet reports: While this tale could revolve around Apple vs. Samsung the larger question is this: Why would any company want to make smartphones? Let's get real. All the profits go to Apple (high end) or Samsung (high end and scale). The rest of the players in the market don't make money and get disrupted by whatever vendor is flavor of the month? Remember that Xiaomi was supposed to be the next big thing in China and elsewhere, but is now being disrupted by Oppo and Vivo. A quarter from now Oppo and Vivo will be thumped by some smartphone manufacturer we haven't heard of yet.
Businesses

Massachusetts Will Tax Ride-Sharing Companies To Subsidize Taxis (reuters.com) 442

Massachusetts will tax ride-sharing services -- 20 cents for each ride -- with 25% of the money raised going into a special fund for the taxi industry (according to an article shared by schwit1 ). Reuters reports: Ride services are not enthusiastic about the fee. "I don't think we should be in the business of subsidizing potential competitors," said Kirill Evdakov, the chief executive of Fasten, a ride service that launched in Boston last year and also operates in Austin, Texas. Some taxi owners wanted the law to go further, perhaps banning the start-up competitors unless they meet the requirements taxis do, such as regular vehicle inspection by the police...

The fee may raise millions of dollars a year because Lyft and Uber alone have a combined 2.5 million rides per month in Massachusetts... The 5-cent fee will be collected through the end of 2021. Then the taxi subsidy will disappear and the 20 cents will be split by localities and the state for five years. The whole fee will go away at the end of 2026.

Republican Governor Charlie Baker signed the law, which specifically bans ride-sharing services from passing those costs on to their drivers or riders. And the article notes that Taiwan has also hit Uber with a $6.4 million tax bill, while Seattle has passed a new law allowing ride-sharing drivers to unionize.
Bitcoin

'SingularDTV' Will Use Ethereum For DRM On A Sci-Fi TV Show (rocknerd.co.uk) 77

It's "an epic sci-fi adventure about the human race's journey into a theoretical technological Singularity." Or is it an "entertainment industry boondoggle...part DRM snake oil marketing, part pseudo-Bitcoin scam and part sincere Singularitarian weirdness?" Long-term Slashdot reader David Gerard writes: SingularDTV is an exciting new blockchain-based entertainment industry startup. Their plan is to adapt the DRM that made $121.54 for Imogen Heap, make their own completely pre-mined altcoin and use that to somehow sell two million views of a sci-fi TV show about the Singularity. Using CODE, which is explicitly modeled on The DAO ... which spectacularly imploded days after its launch. There's a white paper [PDF], but here's an analysis of why these schemes are a terrible idea for musicians.
'Singular' will be a one-hour adventure/drama "that explores the impact technology will have on the future of our planet and how it will shape the evolution of our human race," set in the years 2021 to 2045, "as an unprecedented technological revolution sweeps over the world..."
Piracy

India Threatens 3-Year Jail Sentences For Viewing Blocked Torrents (intoday.in) 95

"It is official now. The punishment for rape is actually less..." writes an anonymous Slashdot reader, who adds that "Some users think that this is all the fault of Bollywood/Hollywood movie studios. They are abusing power, court and money..." India Today reports: The Indian government, with the help of internet service providers, and presumably under directives of court, has banned thousands of websites and URLs in the last five odd years. But until now if you somehow visited these "blocked URLs" all was fine. However, now if you try to visit such URLs and view the information, you may get a three-year jail sentence as well as invite a fine...

This is just for viewing a torrent file, or downloading a file from a host that may have been banned in India, or even for viewing an image on a file host like Imagebam. You don't have to download a torrent file, and then the actual videos or other files, which might have copyright. Just accessing information under a blocked URL will land you in jail and leave your bank account poorer.

While it's not clear how this will be enforced, visiting a blocked URL in India now leads to a warning that "Viewing, downloading, exhibiting or duplicating an illicit copy of the contents under this URL is punishable as an offence under the laws of India, including but not limited to under Sections 63, 63-A, 65 and 65-A of the Copyright Act, 1957 which prescribe imprisonment for 3 years and also fine of up to Rs. 3,00,000..."
Crime

Want To Hunt Bank Robbers? There's an App For That, Says The FBI (networkworld.com) 67

Long-time Slashdot reader coondoggie quotes an article from Network World: The FBI today said it released a new application making it easier for the public -- as well as financial institutions, law enforcement agencies, and others -- to view photos and information about bank robberies in different geographic areas of the country.
The FBI's new "Bank Robbers" application runs on both Android and iOS, according to the article, "and lets users sort bank robberies by the date they occurred, the category they fall under (i.e., armed serial bank robber), the FBI field office working the case, or the state where the robbery occurred." The app ties into BankRobbers.fbi.gov, which overlays FBI information about bank robberies onto Google Maps.

The app's users "can also select push notifications to be informed when a bank robbery has taken place near their location," according to the FBI's site, which adds innocently that "If the location services on your device are enabled, you can view a map that shows the relevant bank robberies that took place in your geographic area..."
Oracle

Oracle Is Funding a New Anti-Google Group (fortune.com) 154

An anonymous reader writes from a report via Fortune: Oracle says it is funding a new non-profit called "Campaign for Accountability," which consists of a campaign called "The Google Transparency Project" that claims to expose criminal behavior carried out by Google. "Oracle is absolutely a contributor (one of many) to the Transparency Project. This is important information for the public to know. It is 100 percent public records and accurate," said Ken Glueck, Senior Vice President of Oracle. Fortune reports: "Oracle's hidden hand is not a huge surprise since the company has a history of sneaky PR tactics, and is still embroiled in a bitter intellectual property lawsuit with Google." One would think Microsoft may be another contributor, but the company said it is not. Daniel Stevens, the deputy director of the CfA, declined to name the group's other donors, or to explain why it does not disclose its funders. Why does this matter? "When wealthy companies or individuals pose as a grass-roots group like the so-called 'campaign for accountability' project, [it] can confuse news and public relations, and foster public cynicism," writes Jeff John Roberts via Fortune.
Network

Comcast Rolls Out $70-Per-Month Gigabit Internet Service In Chicago (pcmag.com) 93

An anonymous reader writes from a report via PC Magazine: Comcast is now offering Chicagoans gigabit internet speeds. PC Magazine reports: "Launched on Wednesday, the program uses DOCSIS 3.1 technology to deliver speeds up to 1Gbps over existing network infrastructure. DOCSIS 3.1 runs through standard cable connections already in place at your home or office. So Xfinity and Comcast Business Internet customers can simply sign up for a plan and plug in a new modem; no fiber installation required. The service, according to Comcast, allows you to download a 5GB HD movie in 40 seconds, a 60MB TV episode in four seconds, a 150MB music album in two seconds, or a 15GB video game in two minutes. Initial users have the choice of a promotional contract price of $70 per month for 36 months, or $139.95 per month (plus tax and fees) with no contract."
Robotics

'We're Just Rentals': Uber Drivers Ask Where They Fit In a Self-Driving Future (theguardian.com) 365

Bloomberg reported on Thursday about Uber's plan to bring its first fleet of self-driving cars to Pittsburgh as soon as this month, a move that has since been confirmed by the cab-hailing company. Amid the announcement, Uber drivers are disappointed at Uber, wondering what the future of the company lies for them. The Guardian reports:"Wo-o-o-o-w," 60-year old Uber driver Cynthia Ingram said. "We all knew it was coming. I just didn't expect it this soon." For Ingram, autonomous Ubers are an unwelcome threat to her livelihood. "I kind of figured it would be a couple more years down the line before it was really implemented and I'll be retired by then," she said. A paralegal with 30 years experience, Ingram began driving for Uber and Lyft in June 2015 when she lost her job. She said that she loves driving for Uber, though she has struggled to make ends meet. Rob Judge, 41, was also concerned with the announcement. "It feels like we're just rentals. We're kind of like placeholders until the technology comes out." A longtime customer service representative, Judge began driving for Uber three months ago to make money while he looks for other work. "For me personally, this isn't a long term stop," he added. "But for a lot of other people that I've connected with, this is their only means."
Microsoft

Microsoft Wants To Pay You To Use Its Windows 10 Browser Edge (theguardian.com) 256

An anonymous reader shares a report by The Guardian: Microsoft has a new browser. It launched with Windows 10 and it's called Edge. The company says it's faster, more battery efficient and all-round better than Chrome or Firefox. You can even draw on websites with a stylus. Trouble is, not very many people are using it. So now Microsoft's trying to bribe you to switch. The newly rebranded Microsoft Rewards -- formerly Bing Rewards, which paid people for using Bing as their search engine (another product Microsoft says is better than a Google product but that very few people actually use) -- will now pay you for using Edge, shopping at the Microsoft store, or using Bing. Users of Edge who sign up to Microsoft Rewards, which is currently US-only, are then awarded points simply for using the browser. Microsoft actively monitors whether you're using Edge for up to 30 hours a month. It tracks mouse movements and other signs that you're not trying to game the system, and you must also have Bing set as your default search engine. Points can then be traded in for vouchers or credit for places such as Starbucks, Skype, Amazon and ad-free Outlook.com -- remember, if you're not paying for something, you are the product.

Slashdot Top Deals