Wikipedia is swimming in money—why is it begging people to donate?

The Wikimedia Foundation (WMF), the non-profit that owns Wikipedia and other volunteer-written websites, is about to reach its 10-year goal of creating a $100 million endowment five years earlier than it planned. Its total funds, which have risen by about $200 million over the past five years, now stand at around $300 million.
Read more: https://www.dailydot.com/debug/wikipedia-endownemnt-fundraising/?source=Snapzu

In big tech’s dystopia, cat videos earn millions while real artists beg for tips | John Harris

Instead of paying musicians properly, the likes of Spotify have set up ‘donation’ buttons – thus passing the buck to fans, says Guardian columnist John Harris
Read more: https://www.theguardian.com/commentisfree/2021/may/30/big-tech-cat-video-artists-tips-musicians-spotify-donation?source=Snapzu

Cybertruck patent applications show off UI, solar bed cover, ‘armor glass’

Teasing out some new info about Tesla’s truck.
Read more: https://www.theverge.com/2021/5/28/22456878/tesla-cybertruck-patent-applications-ui-armor-glass-tonneau-cover?source=Snapzu

Exxon, Shell, and Chevron suffer major setbacks as climate concerns cause power shift

Bill McKibben, a founder of the grassroots climate campaign 350.org, talks with Rachel Maddow about three huge oil companies, Exxon Mobil, Royal Dutch Shell, and Chevron Corp losing major climate change court cases or being forced by shareholders to address climate concerns.
Read more: https://www.msnbc.com/rachel-maddow/watch/exxon-shell-and-chevron-suffer-major-setbacks-as-climate-concerns-cause-power-shift-113420869883?source=Snapzu

A Literal Mouse Plague Is Terrorizing Towns in Eastern Australia Right Now

While the rest of the world continues to tackle the global pandemic, in eastern Australia, waves of mice are flooding farms and towns.
Read more: https://www.sciencealert.com/horrifyingly-large-mouse-plague-is-swarming-across-australian-farms-and-towns?source=Snapzu

Jeff Bezos will step down as Amazon CEO on July 5

Amazon founder Jeff Bezos will officially step down from his role as chief executive on July 5, he announced during the company's annual shareholder meeting Wednesday.
Read more: https://edition.cnn.com/2021/05/26/tech/jeff-bezos-andy-jassy-amazon-ceo/index.html?source=Snapzu

Bitcoin's Volatility Is Spilling Over to U.S. Stocks, Study Says

In an investigation that finishes up the world's greatest token is not, at this point a periphery resource class, DBS's Chief Economist Taimur Baig and Macro Strategist Chang Wei Liang composed that S&P 500 agreements will in general enroll greater swings after Bitcoin shot up or somewhere around 10% in the range of 60 minutes.
Read more: https://www.dailystockmarketnews.in/2021/05/bitcoins-volatility-is-spilling-over-to.html?m=1?source=Snapzu

Amazon nears deal to buy MGM Studios for nearly $9 billion

Amazon is close to a deal to buy MGM Studios for between $8.5 billion and $9 billion, sources say, its biggest acquisition since it bought Whole Foods in 2017.
Read more: https://www.cnbc.com/2021/05/24/amazon-nears-deal-to-buy-mgm-for-nearly-9-billion.html?source=Snapzu

Amazon shareholders to vote on revealing retailer’s plastic footprint

Amazon is under pressure to reduce its plastic footprint, as shareholders prepare to vote on Wednesday on a resolution calling for it to disclose how much of its plastic packaging ends up in the environment.
Read more: https://www.theguardian.com/environment/2021/may/26/amazon-shareholders-to-vote-on-revealing-retailers-plastic-footprint?source=Snapzu

Amazon will acquire MGM for $8.45 billion

Amazon on Wednesday said it has signed an agreement to acquire Metro Goldwyn Mayer (MGM) for $8.45 billion. MGM's vast catalog of more than 4,000 films include "Basic Instinct," "Creed," "James Bond," "Legally Blonde" and more. It also has some 17,000 TV shows, including "Fargo" and "The Handmaid's Tale." All together, MGM's collection of movies and TV shows have won more than 180 Academy Awards and 100 Emmys.
Read more: https://abcnews.go.com/Business/amazon-acquire-mgm-845-billion/story?id=77914653?source=Snapzu

Amazon accused of abuse of dominant position in the United States

Amazon is in the sights of American justice. The Washington prosecutor has just launched proceedings against Jeff Bezos’ firm for abuse of a dominant position. The e-commerce giant is accused of preventing competition with unfair practices and of imposing excessively high commissions on sellers of its marketplace. Amazon quickly stepped up to defend itself.
Read more: https://swacash.com/2021/05/26/amazon-accused-of-abuse-of-dominant-position-in-the-united-states/?source=Snapzu

Tesla is found guilty of throttling charging speed, asked to pay $16,000 to thousands of owners

In court in Norway, Tesla was found guilty of throttling charging speed and battery capacity through a software update. Unless it appeals, Tesla is going to have to pay $16,000 to each of the thousands of owners affected in the country. The fine could be even more significant as other similar legal efforts are on the way in other countries.
Read more: https://electrek.co/2021/05/24/tesla-found-guilty-throttling-charging-speed-asked-pay-16000-thousands-owners/?source=Snapzu

Biden Administration to Hire Additional 87,000 IRS Agents to Crack Down on Wealthy Tax Dodgers

Every year, billions of dollars in tax income are lost due to a variety of circumstances. To combat this and ensure equitable tax collection, the Biden administration is planning to recruit 87,000 extra IRS agents. Without a doubt, this is associated with the effort to collect adequate taxes from individuals and businesses with larger earnings… Continue reading Biden Administration to Hire Additional 87,000 IRS Agents to Crack Down on Wealthy Tax Dodgers
Read more: https://themorningnews.com/news/2021/05/22/biden-administration-to-hire-additional-87000-irs-agents-to-crack-down-on-wealthy-tax-dodgers/?source=Snapzu

AT&T CEO Says It Was “Time to Unleash” WarnerMedia in Discovery Deal

"HBO Max would not be where it is today" without the telecom giant, says John Stankey. But "what’s become clear is that the opportunity for direct relationships with customers is truly going to be a global opportunity."
Read more: https://www.hollywoodreporter.com/business/business-news/warnermedia-discovery-merger-att-ceo-unleash-1234957076/?source=Snapzu

Fast food: the new wave of delivery services bringing groceries in minutes

Players such as Weezy or Getir aim to make ordering milk, wine or crisps as easy as turning to Spotify or Netflix
Read more: https://www.theguardian.com/business/2021/may/22/fast-food-the-new-wave-of-delivery-services-bringing-groceries-in-minutes?source=Snapzu

Stages of Grief

What the pandemic has done to the arts. "What has been happening across the arts is not a recession. It is not even a depression. It is a catastrophe."
Read more: https://harpers.org/archive/2021/06/stages-of-grief-what-the-pandemic-has-done-to-the-arts/?source=Snapzu

How Ford burned $12 billion in Brazil

A century ago Henry Ford came to Brazil and established the town of Fordlandia, hoping to become an Amazonian rubber baron, but retreated deep in the red.
Read more: https://www.reuters.com/business/autos-transportation/how-ford-burned-12-billion-brazil-2021-05-20/?source=Snapzu

Netflix in search of executive to oversee gaming expansion - source

Netflix Inc (NFLX.O) is looking to hire an executive to oversee its expansion into videogames, a person familiar with the matter said, a sign that it is ramping up efforts to grow beyond its traditional business as streaming competition intensifies.
Read more: https://www.reuters.com/technology/netflix-looking-hire-executive-gaming-expansion-information-2021-05-21/?source=Snapzu

Redditors Launch A 'Rescue Mission' For Embattled Sci-Hub, With The Ultimate Aim Of Building A Decentralized Version

You might think somebody helping scholars spread their work to a wider audience would be rewarded with prizes and grants, not pursued by the FBI and DOJ. But of course not, because, well, copyright.
Read more: https://www.techdirt.com/articles/20210519/06365746826/redditors-launch-rescue-mission-embattled-sci-hub-with-ultimate-aim-building-decentralized-version.shtml?source=Snapzu

WeWork reports quarterly loss of nearly $2.1 billion ahead of public listing

WeWork said its business was recovering as more people returned to offices due to easing of COVID-19 curbs, after work-from-home arrangements last year weighed heavily on the company by reducing occupancy and increasing operating costs. WeWork in March agreed to go public through a merger with BowX Acquisition Corp, a special purpose acquisition company, in a deal that valued it at $9 billion.
Read more: https://finance.yahoo.com/news/wework-reports-over-2-billion-214839113.html?source=Snapzu

Oatly shares surge in U.S. market debut, valuing oatmilk maker at $13 bln

Shares of Oprah Winfrey-backed Oatly Group AB (OTLY.O) jumped 30% in their market debut on Thursday, valuing the Swedish oatmilk maker at about $13 billion, as demand for plant-based food products surges globally.
Read more: https://www.reuters.com/business/oprah-backed-oatly-valued-13-bln-us-debut-2021-05-20/?source=Snapzu

Ford’s F-150 Lightning Electric Pickup Truck Undercuts Rivals With $40,000 Starting Price

Ford Motor Co. plans to undercut several rival producers of electric pickup trucks when its battery-powered F-150 goes on sale next year. The company revealed prices for its newest truck—the first fully electric version of its top-selling and most-profitable vehicle—during an event Wednesday evening at its Dearborn, Mich., headquarters.
Read more: https://www.wsj.com/articles/ford-to-unveil-electric-f-150-lightning-pickup-truck-11621441759?source=Snapzu

Who moved my cheese? The silent battle between vegetarians and vegans

When there’s only space for one meat-free option on the menu, chefs often now ditch dairy for vegan alternatives. Is this the end of veggie dining?
Read more: https://www.theguardian.com/food/2021/may/20/who-moved-my-cheese-the-silent-battle-between-vegetarians-and-vegans?source=Snapzu

House or apartment – which is best for fitness?

If you live in a house, it's much easier to keep fit here are 11 reasons why? File this under "Things the COVID-19 pandemic taught me."
Read more: https://thehappyguy.com/house-apartment-best-fitness/?source=Snapzu

Ford F-150 Lightning electric pickup truck can power your home in an outage

The power of a pickup truck is not all about torque, horsepower, towing and hauling. Ford’s newest electric F-150 Lightning, which was unveiled Wednesday, is trying to change the meaning of truck power with a system that can provide energy to a customer’s home in the event of an outage.
Read more: https://techcrunch.com/2021/05/19/ford-f-150-lightning-electric-pickup-truck-can-power-your-home-in-an-outage/?source=Snapzu

Diversity among board directors and officers

Despite decades of gains in the workplace, women continued to be underrepresented in leadership positions within Canada in 2016, especially Indigenous and visible minority women. This infographic examines the diversity among board directors and officers.
Read more: https://www150.statcan.gc.ca/n1/pub/11-627-m/11-627-m2021047-eng.htm?source=Snapzu

Amazon is trying to buy MGM for $9 billion

The mega-corporation is looking to acquire MGM's vast film and TV library, which includes the James Bond and Rocky franchises.
Read more: https://film.avclub.com/amazon-is-trying-to-buy-mgm-for-9-billion-1846917618?source=Snapzu

Amazon is in talks to buy MGM for $9 billion

James Bond, The Handmaid’s Tale, Rocky, Stargate, Robocop, Legally Blonde, Vikings, a historic catalog of films dating back many decades, an array of production and distribution companies, and the content network Epix — these are the things that Amazon might own if it buys storied film giant MGM for billions of dollars in the very near future.
Read more: https://www.theverge.com/2021/5/17/22441330/amazon-mgm-offer?source=Snapzu

World’s Oranges, Coffee at Risk as Brazil Runs Out of Water

Brazil, the world’s biggest exporter of coffee, sugar and orange juice, just had a rainy season that brought hardly any rain.Soils are parched and river levels are low in the nation’s Center-South region, a powerhouse of agricultural output.
Read more: https://finance.yahoo.com/news/world-oranges-coffee-risk-brazil-190028340.html?source=Snapzu

AT&T, Discovery join media houses as cord-cutting encroaches

AT&T will join its massive media operations that include CNN, HBO, TNT and TBS in a $43 billion deal with Discovery, the owner of lifestyle networks including the Food Network and HGTV. The new media company enters a streaming arena that has been flooded in the past two years with new players including those owned by AT&T and Discovery which operate HBO Max and Discovery+, respectively.
Read more: https://apnews.com/article/media-technology-arts-and-entertainment-business-d7259d1e50f24f12de3edcf9fb7ee33a?source=Snapzu

Inequality Would Widen if U.S. Policies Spur Sustained Inflation

Federal Reserve and Biden administration officials say economic inequality is bad and they aim their policies in part at helping to reduce it. In the short run, at least, those policies might be widening inequality, not shrinking it.
Read more: https://www.wsj.com/articles/inequality-would-widen-if-u-s-policies-spur-sustained-inflation-11621173602?source=Snapzu

Bank of America reaches $75 mln settlement over excessive fees

Bank of America Corp (BAC.N) agreed to pay $75 million to settle a lawsuit accusing the second-largest U.S. bank of extracting overdraft fees it didn't earn from customers with savings and checking accounts, court papers showed.
Read more: https://www.reuters.com/business/bank-america-reaches-75-mln-settlement-over-excessive-fees-2021-05-14/?source=Snapzu

She just graduated from college. She said her Uber passenger made it possible.

Latonya Young, a 44-year-old single mother of three, received a bachelor’s degree last week. It was a lifelong goal — and she credits one of her Uber passengers with making it possible.
Read more: https://www.washingtonpost.com/lifestyle/2021/05/14/college-graduation-uber-passenger/?source=Snapzu

Universal basic income isn't as foreign a concept as you think.

The recent pandemic stimulus checks were a fairly accurate trial run of UBI.
Read more: https://www.cnet.com/personal-finance/universal-basic-is-different-than-you-think/?source=Snapzu

As the cookie crumbles: what iOS 14.5's updates mean for your marketing plans.

Apple’s changing everything about how mobile apps track users. Here’s what’s going on, why, and – most important – what the change means to anyone with digital marketing plans.
Read more: https://transmissionagency.com/en-us/insights/as-the-cookie-crumbles-what-ios-14-5-s-updates-mean-for-your-marketing-plans?source=Snapzu

'Elon Musk Phd' is named as the director of a UK company called Elonspace Ltd on an official business register

A recent finding on UK's official business register, Companies House, revealed a new company called Elonspace Ltd with a sole director under the name of "Elon Musk Phd." The entry records the same birth month and nationality as the Tesla and SpaceX CEO.
Read more: https://www.businessinsider.com/elon-musk-phd-registered-director-elonspace-ltd-uk-business-register-2021-5?source=Snapzu

Passing on your password? Streaming services are past it

Many of us were taught to share as kids. Now streaming services ranging from Netflix to Amazon to Disney+ want us to stop. That’s the new edict from the giants of streaming media, who are hoping to discourage the common practice of sharing account passwords without alienating subscribers who’ve grown accustomed to the hack.
Read more: https://apnews.com/article/arts-and-entertainment-technology-business-0f9fd76c86ada1d1162f9e9f0b8ca7f5?source=Snapzu

Ford Wants Billboards to Beam Distracting Ads to Screens Inside Your Car

The company's recently-patented idea for in-car advertising sounds like a disaster waiting to happen.
Read more: https://www.vice.com/en/article/n7bnz7/ford-wants-billboards-to-beam-distracting-ads-to-screens-inside-your-car?source=Snapzu

That 'infrastructure' fee on some internet bills is just a stealth rate hike

Steve Kunzer recently received an email from his internet service provider, Frontier Communications, informing him that the company had made a mistake. It wasn’t charging him enough.
Read more: https://www.latimes.com/business/story/2021-05-11/column-frontier-internet-infrastructure-surcharge?source=Snapzu

Mother and Daughter Do the Same Job. Why Does One Make $9 More an Hour?

A tale of two home care workers.
Read more: https://www.nytimes.com/2021/05/10/opinion/home-health-wages.html?source=Snapzu

Bottom Drops Out of the Red-Hot Market for Electric Vehicle Start-Ups (paywall)

Lordstown Motors said it would start producing and selling electric pickup trucks this year, but there is little evidence it is ready to do so. Its stock has tumbled from a high of about $30 last year to around $8.
Read more: https://www.nytimes.com/2021/05/12/business/lordstown-stock-price.html?source=Snapzu

Uber and Lyft to provide free rides to vaccination sites as part of new White House partnership

President Joe Biden is set to announce additional steps toward promoting vaccine accessibility, including free rides on Uber and Lyft to vaccination sites, to help meet the administration's goal of 70% of adults getting at least one coronavirus shot by July 4.
Read more: https://www.cnn.com/2021/05/11/politics/uber-lyft-vaccines-white-house-partnership/index.html?source=Snapzu

A new book, Amazon Unbound, reveals Jeff Bezos’ envy of SpaceX

Bezos tried to hire Gwynne Shotwell to run Blue Origin in 2016. By as early as the fall of 2016, Amazon founder Jeff Bezos had already started to worry deeply about the progress—or lack thereof—being made by his rocket company, Blue Origin.
Read more: https://arstechnica.com/science/2021/05/a-new-book-amazon-unbound-reveals-jeff-bezos-envy-of-spacex/?comments=1?source=Snapzu

Biden declares state of emergency over fuel cyber-attack

The US government issued emergency legislation on Sunday after the largest fuel pipeline in the US was hit by a ransomware cyber-attack. The Colonial Pipeline carries 2.5 million barrels a day - 45% of the East Coast's supply of diesel, petrol and jet fuel. The operator took itself offline on Friday after the cyber-attack and work to restore service is continuing.
Read more: https://www.bbc.com/news/business-57050690?source=Snapzu

Amazon partners with Tile to take on Apple AirTags

Amazon is beefing up its network of connected devices to take on technologies like Apple’s new AirTags. Amazon announced Friday that it is partnering with Tile, a company that makes trackers for lost items, and Level, which makes smart locks, to use those devices to enhance its tracking network based on Wi-Fi and Bluetooth technology.
Read more: https://www.cnbc.com/2021/05/07/amazon-partners-with-tile-to-take-on-apple-airtags.html?source=Snapzu

Bitcoin and housing market collide as home sellers increasingly accept crypto

When real estate agent Whitney Pannell listed an investment home that she bought and renovated for $300,000, she added an unusual note to the description: "Sellers are accepting Bitcoin for this home."
Read more: https://us.yahoo.com/money/bitcoin-and-housing-collide-as-home-sellers-accept-crypto-195630096.html?source=Snapzu

Why stocks soared while America struggled

For a year that’s been so bad, it’s hard not to wonder why the stock market has been so good.
Read more: https://www.vox.com/business-and-finance/22421417/stock-market-pandemic-economy?source=Snapzu

UBI is dead; long live guaranteed income

The pandemic took the concept of universal basic income out of the hands of Silicon Valley tech bros—and brought it to the people.
Read more: https://www.technologyreview.com/2021/05/07/1024674/ubi-guaranteed-income-pandemic/?source=Snapzu

The Making of the Mother of All Economic Booms

Lael Brainard is the hero of the hour
Read more: https://policytensor.substack.com/p/the-making-of-the-mother-of-all-economic?source=Snapzu

US unemployment claims drop to a pandemic low of 498,000

The number of Americans seeking unemployment benefits fell to 498,000 last week, the lowest level since the viral pandemic struck 14 months ago and a sign of the job market’s growing strength as businesses reopen and consumers increase spending.
Read more: https://themorningnews.com/news/2021/05/07/us-unemployment-claims-drop-to-a-pandemic-low-of-498000/?source=Snapzu