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+17 +3
Yelp data shows 60% of business closures due to the coronavirus pandemic are now permanent
Yelp on Wednesday released its latest Economic Impact Report, revealing business closures across the U.S. are increasing as a result of the coronavirus.
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+17 +2
Food Delivery Is Keeping Uber Alive. Will It Kill Restaurants?
Uber built a business on the backs of drivers and, now, restaurants. But the company’s chief Dara Khosrowshahi says it’s not part of the ‘menace economy.’
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+3 +1
3 Startup Growth Components Every Founder Should Know
Let’s talk about how to measure product-market fit, how to decide on a growth channel, metrics that lie about PMF, and other mechanics of growth for startups.
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+14 +1
How ethics can increase revenue in tech businesses
As a society we revel in stories of successful individuals that risked it all and won big. It’s so often the rags to riches, starving artist or the struggling entrepreneur that catches the headlines. Outside the world of start-up mythology however it’s more commonly risk aversion that keeps the world of business ticking over.
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+4 +1
‘Too little, too late’: Extremism experts criticize payment companies
After violent Trump supporters stormed the Capitol last week, several mainstream payment companies pledged to sever ties with groups or individuals promoting hate and violence. Stripe, PayPal and Square said that they had stopped providing services to individuals and organizations connected to the riot as part of a sweeping enforcement of policies against inciting violence.
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+16 +2
The Linux Foundation offers a suite of open-source management classes
Managing open-source projects is an art just as difficult as developing open-source programs, and now, there is a set of classes to help you master it.
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+20 +2
Twitter loses $5 billion in market value after Trump is permanently barred from the platform
Twitter stock fell as much as 12% on Monday after the social-media company permanently suspended President Donald Trump's account on Friday evening. The share-price decline wiped $5 billion from Twitter's market capitalization. Twitter's bosses suspended Trump's account - which had about 88 million followers - after the world leader's fanning of conspiracy theories about voter fraud and election theft spurred thousands of his supporters to lay siege to the Capitol last week.
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+27 +4
What businesses will--and won't--give their work from home employees in 2021
The work world has changed. Regardless of how quickly we conquer Covid-19, many of us will not be returning to the office. Here's what that new work from home world will look like.
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+19 +2
Quibi’s $1.75B experiment ends with Roku acquisition for “less than $100M”
Quibi, the curious "TV on your phone" service that lasted for roughly six months last year, will soon live on—as a free-with-ads channel on Roku. After rumors began circulating earlier this week, Quibi and Roku confirmed on Friday that the two companies had reached terms for an acquisition, putting most of Quibi's hours of original programming into Roku's hands.
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+25 +2
After embracing remote work in 2020, companies face conflicts making it permanent
Although the pandemic forced employees around the world to adopt makeshift remote work setups, a growing proportion of the workforce already spent at least part of their week working from home, while some businesses had embraced a “work-from-anywhere” philosophy from their inception. But much as virtual events rapidly gained traction in 2020, the pandemic accelerated a location-agnostic mindset across the corporate world, with tech behemoths like Facebook and Twitter announcing permanent remote working plans.
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+36 +6
House: Amazon, Facebook, Apple, Google have “monopoly power,” should be split
Last June, the House Judiciary Subcommittee on Antitrust, Commercial, and Administrative Law began an in-depth investigation into four major firms—Amazon, Apple, Facebook, and Google. The subcommittee wanted to answer one key question: did Big Tech get big playing by the rules, or does it cheat to stay at the top? After 16 months of hearings, research, and analysis, the panel's findings are out... and the results look really bad for every company involved.
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+23 +4
Apple's annual proxy statement confirms antitrust risks for the first time
Apple today announced its annual meeting with shareholders and also published its proxy statement, which is a document provided to shareholders that contains background information about the company. This year, Apple’s statement nearly confirms that the company is concerned with antitrust risks.
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+11 +2
Lawmakers Blast Comcast’s Pointless, Greedy Broadband Caps
Comcast recently expanded the company’s hugely unpopular broadband caps into all company markets, falsely claiming such restrictions are about “fairness.” But lawmakers in Massachusetts say the restrictions are arbitrary, technically unnecessary, and unfairly harm vulnerable populations during an historic economic and health crisis.
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+16 +4
Facebook ordered to pay $4.7M to Italian developer over copycat feature
Facebook has been ordered to pay €3.83 million (around $4.72 million) in damages to an Italian developer over the social network’s “Nearby” feature. Reuters reports that the Milan-based appeals court upheld a 2019 ruling saying Facebook had copied the feature from developer Business Competence’s Faround app.
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+4 +1
Amazon buys Boeing jets from Delta, WestJet as aircraft prices drop
Amazon said Tuesday it’s buying 11 used Boeing 767-300 jets from Delta and WestJet, the latest sign of how cargo carriers are growing while passenger airlines rush to shrink their fleets as Covid-19 hurts travel demand. The expansion comes as Amazon continues to push for faster delivery amid a pandemic-fueled surge in online orders. Stuck-at-home shoppers have turned to the service for both essential and nonessential goods, while the holiday shopping season generated further demand for speedy delivery.
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+4 +1
Nearly 30% of working professionals would quit if they had to return to office after pandemic
Many companies plan to ask their employees to return to the office once a COVID-19 vaccine is widely available later this year. Good luck with that. Twenty-nine percent of working professionals say they would quit their jobs if they couldn't continue working remotely, according to an online survey of 1,022 professionals by LiveCareer, an online resume and job search consulting service.
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+3 +1
Local restaurateurs hope winter and COVID won't kill them off
At the Academy Tavern on Larchmere last week, Missy and Wilson Heller shared a table but not a comfort level. “I’m freaked out,” Missy said about eating out during the pandemic. “It’s all overblown,” Wilson said about the danger.
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+28 +3
Italy court orders Facebook to pay $5 million in damages for copying app
A Milan-based appeals court on Tuesday ordered Facebook to pay 3.83 million euros ($4.70 million) in damages to an Italian software development company for copying an app, a court document seen by Reuters showed.
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+19 +2
Hundreds of Google and Alphabet employees unionize
Google employees take another step in their activism, Venmo adds a check-cashing feature and Slack has some issues. This is your Daily Crunch for January 4, 2021. More than 200 employees at Google and its parent company Alphabet have announced that they have formed the Alphabet Workers Union.
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+16 +2
Apple knew a supplier was using child labor but took 3 years to fully cut ties, despite the company's promises to hold itself to the 'highest standards,' report says
Ex-employees told The Information that Apple kept working with suppliers, despite repeated labor law violations, when cutting ties was more costly.
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