1 +13y+ ago
Telling my story isn’t going to be easy. Oftentimes I feel embarrassed, enraged, and regretful when I have to relive it, but in the end it is a story and life lesson which should be shared so that others may know major red flags to look out for when choosing to work for a startup or new business. What you are about to read is true and happened within the last four months. The names have been changed to protect the innocent and guilty.
1. A startup burned through $700,000 in 10 months then lied about back pay, former employees say Added by TNY on August 30th 2016.
2 +13y+ ago
In an era of journalism in which freelancers have grown accustomed to being treated like disposable cogs of news production, Vice appears to be in a league of its own. nterviews with more than a dozen freelance journalists suggest the young, edgy news organization heralded as the future of journalism also has ushered in a new low for its treatment of freelance journalists.
Submitted on August 31st 2016 by gladsdotter with 1 Related Links:
1. The Sad Decline of VOX: How a Once-Promising Media Outlet Became a Bastion of Neoliberal Corporatism Added by AdelleChattre on August 31st 2016.
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The value of the pound has jumped after a survey indicated the UK's manufacturing sector rebounded sharply in August. The Markit/CIPS purchasing managers' index (PMI) for the sector rose to 53.3 in August from July's figure of 48.3. A figure above 50 indicates expansion. The weakening of the pound following the Brexit vote boosted exports, the survey found. However, it also indicated that the weak pound had pushed up firms' costs.
Submitted on September 2nd 2016 by wetwilly87
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Walmart plans to shed about 7,000 store accounting and invoicing positions as the company moves to automate those processes, though workers will be offered positions elsewhere in their stores, the company confirmed Thursday. The big-box retailer's plans affect less than 1% of its U.S. workforce of 1.5 million employees. The move, first reported by the Wall Street Journal, comes after the company tested accounting and invoicing automation at about 500 of its nearly 4,600 stores earlier this summer.
Submitted on September 2nd 2016 by TentativePrince
10 +13y+ ago
Is water a free and basic essential human right, or should all the water on the planet belong to major corporations and the super rich that control them? Should the poor be put in a position where they are sentenced to death, just because they were born into unfair circumstances? According to the former CEO and now Chairman of one of the biggest corporations in the world, and the largest food product manufacturer in the world, corporations should, in fact, own every single drop of water on the planet, and no one should be allowed to have access to it, unless they pay for it.
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Uber's introduction of a "safe rides" fee years ago drew the ire of customers upset that they had to pay a fee for their safety. But for Uber, it was clearly cash cow, generating $449 million in revenue over the last two years, according to a report from Bloomberg. The number comes to light only after Bloomberg's Joel Rosenblatt spotted the figure in an improperly redacted court filing. Uber declined to comment.
Submitted on September 1st 2016 by wildcard
14 +13y+ ago
My first morning in Altamonte Springs, Florida, I was faced with a dilemma: how to travel the two miles from my hotel to city hall without a car. Walking would take nearly an hour in the sweltering June heat. Taking a bus would entail waiting up to a half hour at a stop with little shelter from the forecasted thunderstorms, followed by a looping detour to the local mall. The trip could potentially take longer than walking.
Submitted on September 4th 2016 by everlost
15 +13y+ ago
It’s been a little over a year since The Witcher 3: The Wild Hunt was released, but CD Projekt Red is still riding high thanks to the adventures of Geralt of Rivia. Over the weekend, the company released its first-half financial report for 2016, and while its profits are slightly down year-over-year, its value on the Polish stock market is now $1 billion, thanks to the combined power of The Witcher 3 and Gog.com.
Submitted on August 31st 2016 by zobo
16 +13y+ ago
Yesterday was pretty much TV data dork Christmas, with Tivo’s Digitalsmith research firm releasing its latest white paper about the state of the stuff we spend so many hours of our lives with our eyes passively sucking in. Polling 3,000-some participants, the “Q2 2016 Video Trends Report” is a wide-ranging look at American viewing and spending habits, including a slight uptick in people cutting the cable cord (and grabbing their basic network channels via digital antenna), and a reiteration of the idea that almost nobody digitally rents.
Submitted on September 1st 2016 by everlost
17 +13y+ ago
18 +13y+ ago
Eric Spiegelman grew up in a six-car family in the San Fernando Valley and has lived in Los Angeles for the majority of his life. At the end of May, he let the lease on his Volkswagen CC expire, opting to live car-free in a city synonymous with car culture. For the past three months, he’s been commuting to and from work exclusively via Uber and Lyft — mostly using Pool and Line, cheaper options that allow passengers to share trips with other riders on similar routes.
Submitted on September 4th 2016 by yuriburi
19 +13y+ ago
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Ireland should recover up to €13bn (£11bn) from Apple in back taxes, the European Commission has ruled. After a three-year investigation, it has concluded that the US firm's Irish tax benefits are illegal. The Commission said Ireland enabled the company to pay substantially less than other businesses, in effect paying a corporate tax rate of no more than 1%. Ireland and Apple both said they disagreed with the record penalty and would appeal against it.
Submitted on August 31st 2016 by TNY
Here are this week's top five Business & Economy tribes:
/t/business 84 posts, 53 comments, 332 votes.
/t/finance 20 posts, 28 comments, 111 votes.
/t/economy 29 posts, 47 comments, 121 votes.
/t/economics 8 posts, 17 comments, 61 votes.
/t/uber 8 posts, 1 comments, 8 votes.
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