1 +12y+ ago
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.
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.
2 +12y+ ago
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.
1. Facebook Fails to Show Up for Seventh Tax Summons From IRS Added by AdelleChattre on July 28th 2016.
3 +12y+ ago
4 +12y+ ago
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?
5 +12y+ ago
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.”
6 +12y+ ago
7 +12y+ ago
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.
Submitted on July 28th 2016 by aj0690
8 +12y+ ago
9 +12y+ ago
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
Submitted on July 28th 2016 by gladsdotter
10 +12y+ ago
11 +12y+ ago
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...
Submitted on July 29th 2016 by timex
12 +12y+ ago
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.
Submitted on July 29th 2016 by gladsdotter
13 +12y+ ago
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.
Submitted on July 26th 2016 by drunkenninja
14 +12y+ ago
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.
15 +12y+ ago
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.
Submitted on July 28th 2016 by CatLady with 1 Related Links:
16 +12y+ ago
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”.
Submitted on July 29th 2016 by capoti
17 +12y+ ago
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20 +12y+ ago
21 +12y+ ago
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.
Submitted on July 26th 2016 by baron778
22 +12y+ ago
Drink up—it's on us! Then go protest the TPP to your heart’s content. By David Dayen.
1. DNC Lawyers Now Implicated in Email Leaks as Giving ‘Pro-Hillary’ Advice Added by AdelleChattre on July 27th 2016.
23 +12y+ ago
24 +12y+ ago
25 +12y+ ago
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.
Submitted on July 29th 2016 by kxh
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.
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