This week's top 25 stories in Business & Economy - July 25th - August 1st, 2016
This past week we saw sales of physical books skyrocket as digital sales fall, meanwhile Vizio sold their entire tech business to LeEco a Chinese technology giant. On a creepy note, Disney figured it was a good idea to patent a shoe-based tracking concept to spy on their patrons, and how Volkswagen designed the biggest automotive scandal ever. It's been an excitingly busy week in business and economy, so be sure to check out the full list!
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1 +18y+ ago
More than 250 staffers at The Guardian have accepted buyouts
A total of 268 employees are taking buyouts at The Guardian as the paper attempts to stem more than $227 million in losses from the last financial year. The newspaper is losing some of its most prominent leaders and bylines in the exodus: Aron Pilhofer, the The Guardian's executive editor of digital, is joining Temple University as the school's James B. Steele Chair in Journalism Innovation. Politico reported Wednesday that a trio of marquee names are also on their way out: Middle East editor Ian Black, senior digital editor Matt Wells and defense and security specialist Richard Norton-Taylor.
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Submitted on July 28th 2016 by cone with 1 Related Links:
1. Guardian loses big names as it braces for a leaner future Added by drunkenninja on July 28th 2016.
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2 +18y+ ago
Facebook CEO Mark Zuckerberg Gains $3.4 Billion In An Hour After Positive Second-Quarter Earnings
Facebook CEO Mark Zuckerberg added $3.4 billion to his fortune in just over an hour on Wednesday in after-hours trading, as the market cheered the social media company’s impressive second-quarter results. The gains pushed Zuckerberg’s net worth to a new high of $56.7 billion, according to FORBES estimates. He is currently the world’s fifth-richest person, right behind Jeff Bezos, who has an estimated fortune of $64 billion.
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Submitted on July 27th 2016 by socialiguana with 3 comments and with 1 Related Links:
1. Facebook Fails to Show Up for Seventh Tax Summons From IRS Added by AdelleChattre on July 28th 2016.
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3 +18y+ ago
Physical Book Sales Rocket As Digital Dips
Book shops are attracting more and more customers by offering cafes and running events.
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Submitted on July 27th 2016 by sjvn with 1 comments
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4 +18y+ ago
Disney Wants to Track Park Visitors By Secretly Photographing Their Shoes Like a Creep
With millions of tourists visiting its theme parks around the world each year, it makes sense that Disney would want to track how visitors move about its attractions to help minimize lines and crowds and also to provide a unique experience for each guest. But does it have to sound so incredibly creepy?
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Submitted on July 30th 2016 by Pfennig88 with 1 comments
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5 +18y+ ago
Why Cereal Has Such Aggressive Marketing
Breakfast is often lauded as “the most important meal of the day.” What is less commonly mentioned is the origin of this ode to breakfast: a 1944 marketing campaign launched by General Foods, the manufacturer of Grape Nuts, to sell more cereal. During the campaign, which marketers named “Eat a Good Breakfast—Do a Better Job,” grocery stores handed out pamphlets that promoted the importance of breakfast while radio advertisements announced that “Nutrition experts say breakfast is the most important meal of the day.”
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Submitted on July 29th 2016 by sasky with 2 comments
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6 +18y+ ago
How VW Designed the Greatest Scandal in Automotive History
Volkswagen developed six generations of cheating software to beat emissions tests—and even calculated the cost of getting caught was still worth it, according to a new lawsuit by New York and Massachusetts. By Clive Irving.
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Submitted on July 27th 2016 by AdelleChattre
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7 +18y+ ago
Why Consumers Use Ad Blockers And What Motivates Them Not To
A new report from Omnicom Media Group (OMG) finds that publishers and advertisers can take steps to curtail usage of ad blockers. Nearly half of those polled in a survey (45%) said they install ad blockers to avoid dealing with pop-up ads, 40% do not want to be "bombarded" with ads, and 30% want to block pre-roll ads that prevent access to content.
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Submitted on July 28th 2016 by aj0690
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8 +18y+ ago
The backlash against open plan offices: segmented space
An open plan office is not all it's cracked up to be but the alternative, segmented spaces, has its downsides as well.
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Submitted on July 27th 2016 by kxh with 2 comments
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9 +18y+ ago
Technology killed bookstore chains. Can technology save indie bookstores?
It’s great when the received narrative gets disrupted, and Oren Teicher, the CEO of the American Booksellers Association (ABA), has heard more than his share during his long tenure at the independent bookstore trade group, where he’s been the boss since 2009 and in other positions before that. The story that is told, news cycle after news cycle, is that indies were always just about to be wiped off the face of the country because of a new challenge. By Glenn Fleishman
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Submitted on July 28th 2016 by gladsdotter
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10 +18y+ ago
Farming invented twice in Middle East, genomes study reveals
Study of 44 ancient Middle Eastern genomes supports idea of independent farming revolutions in the Fertile Crescent. By Ewen Callaway.
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Submitted on July 26th 2016 by AdelleChattre
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11 +18y+ ago
Alphabet's 2Q Earns Soar Despite Rising 'Moonshot' Losses
Business is booming at Google's parent company, Alphabet Inc., even as it loses billions of dollars on kooky-sounding projects that may never produce any revenue. Huge chunks of the losses have been piling up in Alphabet's "X'' lab, a wellspring of far-out ideas that has become known as a "moonshot factory" since Google co-founder Sergey Brin launched it about six years ago. The lab is responsible for some once-zany projects, such as Google's self-driving cars, that matured into potentially revolutionary technology. It also has pursued but ultimately abandoned other outlandish endeavors...
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Submitted on July 29th 2016 by timex
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12 +18y+ ago
The Babysitters Club
What unites Yelp, Seamless and Venmo is, in part, their desire to monopolize particular spheres of adult life (“spaces,” in Valleyspeak). They also offer services that diminish the user’s autonomy in a way that might — held at certain angles to the light — read as patronizing, when we’re supposed to be the patrons. We cannot find food on our own, or choose a restaurant, or settle a tiny debt. By Jesse Barron.
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Submitted on July 29th 2016 by gladsdotter
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13 +18y+ ago
The highest-paid CEOs run the worst-performing companies
The highest-paid CEOs tend to run some of the worst-performing companies, according to new research. The study, carried out by corporate research firm MSCI, found that for every $100 (£76) invested in companies with the highest-paid CEOs would have grown to $265 (£202) over 10 years.
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Submitted on July 26th 2016 by drunkenninja
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14 +18y+ ago
Cockroach milk: The drink you didn't know you've been missing
A little cockroach milk with those cookies? Chock full of protein, the insect milk may someday be transformed into a food supplement worthy of human consumption, new research indicates. Scientists have found that the Pacific Beetle Cockroach feeds its bug babies a formula which is remarkably rich in protein, fat and sugar. Don't expect to find it next to the regular milk in the dairy section, however, at least not for now. "Any liquid harvested from a cockroach is not true milk.
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Submitted on July 27th 2016 by gottlieb with 4 comments
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15 +18y+ ago
Photographer Files $1 Billion Suit Against Getty for Licensing Her Public Domain Images
In December, documentary photographer Carol Highsmith received a letter from Getty Images accusing her of copyright infringement for featuring one of her own photographs on her own website.
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Submitted on July 28th 2016 by CatLady with 1 Related Links:
1. Getty's response Added by gladsdotter on July 30th 2016.
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16 +18y+ ago
From virtual communities to real-life enterprises … How Kickstarter generated more than $5bn
The Fed Ex guy is always delivering intriguing parcels to Mini Museum’s headquarters in Fairfax, Virginia, but he’s never allowed to see what’s inside. On Wednesday, it was something very cool from Norway, co-founder Jamie Grove explains – though he can’t say any more. But Mini Museum has the fascinating, rare and bizarre delivered every day; it’s a unique startup that collects scientific and historic artefacts from around the universe, meticulously divides them and presents them encased in clear acrylic as a “mini museum”.
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Submitted on July 29th 2016 by capoti
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17 +18y+ ago
Uber Said to Merge China Business With Didi in $35 Billion Deal
Uber Technologies Inc. will merge its China business with Didi Chuxing, the dominant ride-hailing service in the country, according to people familiar with the matter.
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Submitted on August 1st 2016 by ivangro
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18 +18y+ ago
How care apps for the elderly could disrupt tech's obsession with youth
Conventional wisdom says apps aren’t for old people. But that may change as tech startups takes on a new and sizable market: elderly caregiving.
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Submitted on July 27th 2016 by gladsdotter
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19 +18y+ ago
Leading insecticide cuts bee sperm by almost 40%, study shows
Discovery provides possible explanation for increasing deaths of honeybees in recent years, according to scientists. By Damian Carrington.
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Submitted on July 28th 2016 by AdelleChattre
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20 +18y+ ago
The rise and fall of Yahoo
There was a time when Yahoo was the internet company that Google is now. What happened?
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Submitted on July 25th 2016 by sjvn
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21 +18y+ ago
Vizio acquired by Chinese tech company LeEco for $2 billion
Chinese electronics firm LeEco is buying American TV manufacturer Vizio for $2 billion. The acquisition was announced during a press event this morning in Los Angeles, giving LeEco an instant foothold in the US television market. Under the deal, Vizio will be operated as an independent subsidiary, with the company's current management team staying in place and working out of its offices in Southern California.
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Submitted on July 26th 2016 by baron778
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22 +18y+ ago
The DNC Is One Big Corporate Bribe
Drink up—it's on us! Then go protest the TPP to your heart’s content. By David Dayen.
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Submitted on July 27th 2016 by AdelleChattre with 2 comments and with 2 Related Links:
1. DNC Lawyers Now Implicated in Email Leaks as Giving ‘Pro-Hillary’ Advice Added by AdelleChattre on July 27th 2016.
2. Virginia’s other Democratic senator defends TPP Added by AdelleChattre on July 27th 2016.
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23 +18y+ ago
How a Currency Intended to Unite Europe Wound Up Dividing It
It was started in the name of forging a greater sense of union among the disparate nations of Europe.
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Submitted on July 28th 2016 by LisMan
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24 +18y+ ago
They Promised Us Jet Packs. They Promised the Bosses Profit
Alphabet’s X research lab is still being asked to imagine the impossible. Only now, under pressure from investors, it has to imagine making money, too. By Conor Dougherty. (July 23, 2016)
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Submitted on July 28th 2016 by AdelleChattre
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25 +18y+ ago
The Selfie-Taking Monkey Who Has No Idea He Has Lawyers Has Appealed His Copyright Lawsuit
In 2011, our focus was on how the photographer whose camera was used, David Slater, had no legitimate claim to the copyright in the image, in large part because the copyright goes to whoever took the photo, and the copyright cannot go to a monkey, because copyright law is limited to "persons.
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Submitted on July 29th 2016 by kxh
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Here are this week's top five Business & Economy tribes:
/t/business 86 posts, 76 comments, 383 votes.
/t/economy 59 posts, 21 comments, 191 votes.
/t/uber 7 posts, 0 comments, 7 votes.
/t/finance 13 posts, 11 comments, 111 votes.
/t/copyright 13 posts, 5 comments, 57 votes.
Note: Tribes can only be featured once every four weeks. Validate your tribe to be included on this list!
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Please keep this going because this was by far my favorite thread, long before signing up for an account!