Fiat Users Are Playing Hot Potato While Bitcoiners Play Musical Chairs

The economy can be thought of as a complex orchestra. Industry sectors are represented by the choir, strings, brass, woodwinds and percussion. These sectors are all working together as harmoniously as possible to create a seamless experience for the listeners and for themselves. Each individual utilizes the instruments available to them to add value to our collective experience.
Read more: https://bitcoinmagazine.com/culture/fiat-hot-potato-bitcoin-musical-chairs?source=Snapzu

TikTok and the Fall of the Social-Media Giants

Facebook is trying to copy TikTok, but this strategy may well signal the end of these legacy platforms.
Read more: https://www.newyorker.com/culture/cultural-comment/tiktok-and-the-fall-of-the-social-media-giants?source=Snapzu

Uber will start showing drivers how much they’ll be paid for accepting a trip

Uber says that it’s “completely reimagined the way drivers accept rides” with a feature called “upfront fares,” which shows drivers exactly how much they’ll be paid for a trip and where they’ll end up after dropping a rider off. In its announcement on Friday, the company says the change is part of its push to make driving for the rideshare service more flexible.
Read more: https://www.theverge.com/2022/7/29/23284543/uber-driver-app-pay-information-trip-radar?source=Snapzu

Intel Kills Optane Memory Business Entirely, Pays $559 Million to Exit

Intel's Q2 2022 earnings report today was uncharacteristically disappointing, but it also hid a new announcement: Intel is ending its Optane business entirely. During the earnings call, Intel CEO Pat Gelsinger clarified the vaguely worded announcement in the earnings documents, confirming that Intel will wind down its Optane business. The move incurs a $559 million inventory impairment/write-off.
Read more: https://www.tomshardware.com/news/intel-kills-optane-memory-business-for-good?source=Snapzu

Hershey says it won't be able to meet Halloween demand this year

Scary news for Halloween fans: This fall, you might be out of luck in the candy aisle
Read more: https://www.cnn.com/2022/07/28/business/hershey-halloween/index.html?source=Snapzu

Meta will stop paying US publishers to put their content in Facebook’s News tab

The three-year "experiment" is over as Facebook and IG shift focus, again.
Read more: https://www.theverge.com/2022/7/28/23283078/meta-facebook-news-tab-paid-publishers-is-over?source=Snapzu

Meta thinks Facebook may need more “harmful health misinformation”

The US continues to struggle with pandemic management. Where cases are rising right now, some cities and counties are considering reinstating mask mandates, and many hospitals are confronting a chronic nursing shortage.
Read more: https://arstechnica.com/tech-policy/2022/07/meta-thinks-facebook-may-need-more-harmful-health-misinformation/?source=Snapzu

Instagram knows you don’t like its changes. It doesn’t care.

A quick succession of new features and tests has left even the app's most loyal users wondering what Instagram is for.
Read more: https://www.washingtonpost.com/technology/2022/07/27/instagram-video-shift-kardashian/?source=Snapzu

Hulu users call for boycott over blocked political ads

Calls to #BoycottHulu and #CancelHulu have been trending today on social media in response to reports from the Democratic Senatorial Campaign Committee, the Democratic Congressional Campaign Committee, and the Democratic Governors Association that the streaming service is refusing to run ads about abortion rights and gun safety laws, presumably on the grounds that the ads are political in nature and Hulu has a vaguely defined “unwritten” policy against political ads.
Read more: https://www.avclub.com/hulu-boycott-abortion-gun-control-ads-1849335816?source=Snapzu

Boeing takes additional charge for Starliner astronaut capsule, bringing cost overruns to near $700 million

Boeing disclosed a charge of $93 million in the second quarter for its Starliner astronaut capsule program, bringing the program’s overrun costs to nearly $700 million.
Read more: https://www.cnbc.com/2022/07/27/boeing-starliner-astronaut-capsule-charges-near-700-million.html?source=Snapzu

Hobbled by chip, other shortages, GM profit slides 40% in Q2

General Motors’ second-quarter net income fell 40% from a year ago as computer chip and parts shortages hobbled factory output and drove the company’s U.S. sales down more than 15%.
Read more: https://apnews.com/article/technology-detroit-mary-barra-a5b72fba3685c6ccde157c28948405c4?source=Snapzu

Amazon is raising Prime prices in Europe by up to 43 percent a year

Amazon is raising the price of its Prime subscription across Europe in September by up to 43 percent a year. In an email to customers overnight, Amazon revealed its annual Prime cost will jump 20 percent in the UK from £79 to £95 from September 15th. In France the price hike is even more acute, moving from €49 per year to €69.90 — a 43 percent increase.
Read more: https://www.theverge.com/2022/7/26/23278510/amazon-prime-price-increase-europe-uk?source=Snapzu

Apple and Koss settle dispute over wireless headphone patents

Apple and Koss have settled a patent fight over wireless earbuds, including AirPods.
Read more: https://www.engadget.com/apple-koss-wireless-headphone-airpods-patent-settlement-213044954.html?source=Snapzu

Airbus climbs past Boeing in single-aisle market share

Airbus and Boeing have competed neck and neck for five decades in one of the world’s great commercial rivalries. But, as the contest resumes in earnest in the wake of the pandemic, the old order has changed. Airbus now has a wide lead in the single-aisle market — the hottest area of aviation — leaving Boeing to grapple with how to bridge the gap.
Read more: https://www.ft.com/content/c08642f5-3aa3-447b-9028-c1c84b8e10fe?source=Snapzu

Drug price controls are a dance with the devil: short-term savings will be overwhelmed by loss of innovation

Democrats have sent the legislative text of a sweeping proposal for drug price controls to the U.S. Senate parliamentarian, who may report on Monday whether the provisions qualify for the budget reconciliation process that allows lawmakers to evade a filibuster and pass a bill with a simple majority.
Read more: https://www.statnews.com/2022/07/22/drug-price-controls-are-a-dance-with-the-devil-short-term-savings-will-be-overwhelmed-by-loss-of-innovation/?source=Snapzu

The Inventor of Ibuprofen Tested the Drug on His Own Hangover

In retrospect, perhaps toasting the success of a new medication he helped invent with several shots of vodka in Moscow was not a good idea. However, it was too late to go back. English research scientist Stewart Adams was faced with the consequences of his actions: a serious hangover.
Read more: https://www.smithsonianmag.com/innovation/inventor-ibuprofen-tested-drug-his-own-hangover-180975088/?source=Snapzu

Airbnb will up its maximum penalty for hosts who cancel last-minute from $100 to $1,000

Aribnb is changing its policy to further penalise hosts who cancel on guests for preventable reasons such as double-booking.
Read more: https://www.businessinsider.com/airbnb-ups-host-cancellation-fee-from-100-to-1000-dollars-2022-7?source=Snapzu

Lyft Rentals shuts down as the ride-sharing company lays off about 60 people

Lyft launched a rental car service in a few locations in 2019.
Read more: https://www.theverge.com/2022/7/21/23273092/lyft-rentals-layoffs-car-ride-sharing-transportation?source=Snapzu

Amazon might own your doctor’s office after latest acquisition

When Amazon launched Amazon Care to its employees in 2019, the goal was to test the product before rolling it out nationwide. After that rollout happened earlier this year, Amazon CEO Andy Jassy told Insider that the expansion would "fundamentally" change the health care game by dramatically enhancing the medical-care process. He predicted that patients in the future would be so used to telehealth and other new conveniences that they'll think that things like long wait times and delays between in-person visits commonly experienced today are actually "insane."
Read more: https://arstechnica.com/tech-policy/2022/07/amazon-might-own-your-doctors-office-after-latest-acquisition/?source=Snapzu

Ford is reportedly planning to cut 8,000 jobs to help fund its EV plans

Ford is reportedly planning to cut up to 8,000 jobs over the coming weeks in an effort to fund its plans to build EVs, according to Bloomberg. The layoffs would occur at its Ford Blue unit, recently created to develop vehicles with internal combustion engines (ICE), and would affect other salaried positions in the company. The bulk of cuts are expected to occur in the US.
Read more: https://www.engadget.com/ford-is-reportedly-planning-to-cut-8000-jobs-to-help-fund-its-ev-plans-093550882.html?src=rss?source=Snapzu

Meet the First Indigenous Woman to Close a Series A. Her Startup Is Worth $40 Million

Bobbie Racette was once the hesitant face of Virtual Gurus, the Canadian tech company she started, but she has since embraced her identity.
Read more: https://thestoryexchange.org/bobbie-racette-virtual-gurus-first-indigenous-woman-raise-series-a-round/?source=Snapzu

Facebook Is Now Encrypting Links to Prevent URL Stripping

It’s almost like the internet should have been regulated as a commodity years ago.
Read more: https://www.schneier.com/blog/archives/2022/07/facebook-is-now-encrypting-links-to-prevent-url-stripping.html?source=Snapzu

Uber will pay $2.2 million to settle claims it overcharged riders with disabilities

Uber is settling a Justice Department lawsuit accusing the company of overcharging riders with disabilities. The ridesharing company has agreed to pay at least $2.2 million to passengers who were charged wait time fees despite disabilities that required more time to enter a vehicle. The payout includes nearly $1.74 million for over 1,000 riders who complained about the fees and $500,000 for “other harmed individuals.” Uber will also offer credits to more than 65,000 people who've obtained waivers for wait time fees, all of whom will receive double the wait time fees they were charged.
Read more: https://www.engadget.com/uber-rider-disability-lawsuit-settlement-212009968.html?source=Snapzu

CD Projekt stock is worth a quarter of what it was before Cyberpunk 2077 released

A new report from Business Insider Poland paints a grim picture for CD Projekt: the company’s value has cratered by over 75% since just before the launch of Cyberpunk 2077. A business that once boasted a market capitalisation of over 40 billion Polish złoty—briefly becoming the most valuable games company in Europe—is now worth less than zł10 billion.
Read more: https://buzleaks.com/cd-projekt-stock-is-worth-a-quarter-of-what-it-was-before-cyberpunk-2077-released/?source=Snapzu

RSS is on fire again, and it's all down to SlackOps

RSS is the API they couldn't kill. It's back stronger than ever as an underpinning of SlackOps in many organizations.
Read more: https://conoroneill.net/2022/07/18/rss-is-on-fire-again-and-its-all-down-to-slackops/?source=Snapzu

The Speedy Downfall of Rapid Delivery Startups

Companies that promise groceries delivered in 15 minutes surged during the pandemic—but are now in retreat.
Read more: https://www.wired.com/story/the-speedy-downfall-of-rapid-delivery/?source=Snapzu

Unity is merging with a company who made a malware installer

Unity, the company behind the multiplatform game engine of the same name, announced it has entered into an agreement to merge with IronSource(opens in new tab). "If you don't know ironSource," Unity's statement reads, "they bring a proven record of helping creators focus on what creators do best – bringing great apps and user experiences to life – while enabling business expansion in the app economy."
Read more: https://www.pcgamer.com/unity-is-merging-with-a-company-who-made-a-malware-installer/?source=Snapzu

Panasonic is building the world's largest EV battery factory in Kansas

Panasonic announced on Wednesday that it's inked a $4 billion investment deal with the state of Kansas to build and operate the world's largest battery cell production facility. The company has already identified a site near the city of De Soto, at a former ammunition factory.
Read more: https://www.engadget.com/panasonic-building-world-largest-ev-battery-factory-kansas-232007601.html?source=Snapzu

JPMorgan profit takes a hit in second quarter, shares drop

Profits at JPMorgan Chase fell by 28% in the second quarter as the bank tries to navigate an economy that’s showing strength in many areas but losing steam as interest rates continue to rise, hitting consumers and corporations alike.
Read more: https://apnews.com/article/economy-jamie-dimon-44a0473acf0634287d224d01bf40f4a1?source=Snapzu

Nintendo acquires animation studio that’ll become ‘Nintendo Pictures’

The acquisition is expected to complete in October.
Read more: https://www.theverge.com/2022/7/14/23214706/nintendo-dynamo-pictures-acquisition-pictures-mario-movie?source=Snapzu

Inflation rose 9.1% in June, even more than expected, as price pressures intensify

Shoppers paid sharply higher prices for a variety of goods in June as inflation kept its hold on a slowing U.S. economy, the Bureau of Labor Statistics reported Wednesday.
Read more: https://www.cnbc.com/2022/07/13/inflation-rose-9point1percent-in-june-even-more-than-expected-as-price-pressures-intensify.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard?source=Snapzu

A blackmail attempt left a Houston restaurant bombarded with 1-star reviews. Its fans fought back.

A Houston restaurant owner says he has been blackmailed with 1-star Google ratings
Read more: https://www.houstonchronicle.com/neighborhood/katy/article/restaurant-bad-reviews-blackmail-17289963.php?source=Snapzu

Youtube ends Lofi Girl’s two-year-long stream over bogus DMCA warning – TechCrunch

Though the music stream will be back soon, Lofi Girl says false DMCA takedowns are "an underlying problem on the platform."
Read more: https://techcrunch.com/2022/07/11/lofi-girl-takedown-youtube-music-stream-dmca/?source=Snapzu

After Years Of Being Called An IP ‘Thief,’ China Now Out-Patenting Others… And Suing

It amazes me that the narrative is still out there about how China is an “intellectual property thief” and that the US and other western nations need to “convince China to respect…
Read more: https://www.techdirt.com/2022/07/11/after-years-of-being-called-an-ip-thief-china-now-out-patenting-others-and-suing/?source=Snapzu

Amazon seals deal with Grubhub parent, Prime members get free delivery

Amazon Prime members can now order food from Grubhub without a delivery fee. The offer for Grubhub+ is good for one year, after which Prime members will automatically be charged the current $9.99 monthly rate for the service. There is a minimum $12 order to avoid the fee.
Read more: https://www.nbcnews.com/business/business-news/amazon-just-eat-takeaway-grubhub-deal-free-delivery-rcna36910?source=Snapzu

Ford recalls 100,000 U.S. vehicles for fire risks, expands earlier recall

Ford Motor Co said on Friday it is issuing a new recall for 100,000 U.S. hybrid vehicles over fire risks, and expanding an earlier recall after a series of reported fires.
Read more: https://www.reuters.com/business/autos-transportation/ford-issues-new-fire-risk-recall-expands-earlier-call-back-2022-07-08/?source=Snapzu

Elon Musk notifies Twitter he is terminating deal

Billionaire Elon Musk wants to end his $44 billion deal to buy Twitter, according to a letter sent by a lawyer on his behalf to the company's chief legal officer Friday.
Read more: https://www.cnbc.com/amp/2022/07/08/elon-musk-notifies-twitter-he-is-terminating-deal.html?source=Snapzu

Google to invest $10 million in new partnerships to fight misinformation

Confronted with a tough spot, many individuals go to a generic wellspring of help - points, for example, self destruction and sexual and abusive behavior at home are addressed day to day in Google Search.
Read more: https://www.besttechupdate.com/2022/04/google-to-invest-10-million-in-new.html?m=1?source=Snapzu

Video game sales set to fall for first time in years as industry braces for recession

Video game sales are set to decline annually for the first time in years, as another industry that boomed in the coronavirus era faces the grim prospect of a recession. The global games and services market is forecast to contract 1.2% year-on-year to $188 billion in 2022, according to research from market data firm Ampere Analysis.
Read more: https://www.cnbc.com/2022/07/07/video-game-industry-not-recession-proof-sales-set-to-fall-in-2022.html?source=Snapzu

Just keep your returns: Stores weigh paying you not to bring back unwanted items

The chaotic mix of record fuel prices and an unending supply chain crisis have retailers considering the unthinkable: Instead of returning your unwanted items, just keep them.
Read more: https://www.cnn.com/2022/06/26/business/retail-returns/index.html?source=Snapzu

Rihanna is now worth $1.4 billion–making her America’s youngest self-made billionaire woman

The youngest self-made billionaire woman in the U.S. didn’t grow up in a Manhattan high rise or the Hollywood Hills. Instead, Rihanna amassed her fortune from her own music and entrepreneurial ventures.
Read more: https://www.cnbc.com/2022/07/04/rihanna-is-now-americas-youngest-self-made-billionaire-woman.html?source=Snapzu

Leaked Videos Show Disney Is the Biggest Ad Tech Giant You've Never Heard Of

Watch beloved Disney and Star Wars characters explain how the company offers clients the ability to use Disney data and target particular audiences.
Read more: https://www.vice.com/en/article/qjkp57/leaked-videos-show-disney-is-the-biggest-ad-tech-giant-youve-never-heard-of?source=Snapzu

TikTok Aborts Europe, US Expansion Ambitions Shortly After US Senate Inquiry

TikTok dumped plans to expand its live e-commerce initiative in Europe and the U.S.
Read more: https://www.benzinga.com/news/22/07/27950498/tiktok-shuns-europe-us-ambitions-shortly-after-us-senate-inquiry?source=Snapzu

Mickey Mouse could soon leave Disney as 95-year copyright expiry nears

The beloved character was created in 1928 and the cartoon is widely regarded as a pioneer in animation
Read more: https://www.theguardian.com/film/2022/jul/03/mickey-mouse-disney-copyright-expiry?source=Snapzu

MrBeast explains YouTube’s algorithm at VidCon

At the first VidCon since 2019, YouTube’s top earner in the U.S., MrBeast, got on stage to talk to YouTube’s director of discovery Todd Beaupré about one of the biggest questions on creators’ minds: How does the recommendation algorithm actually work?
Read more: https://techcrunch.com/2022/06/24/mrbeast-explain-algorithm-youtube-vidcon/?source=Snapzu

Monthly car payments have crossed a record $700. What that means

The average cost of a new car is also at the highest on record, topping $47,000 a pop. At this rate, an essential household purchase is starting to feel like a luxury in America.
Read more: https://www.npr.org/2022/07/02/1109105779/monthly-car-payments-record-700?source=Snapzu

Buy Now, Pay Later Statistics and User Habits

When it comes to financing options, consumers now have alternatives to credit cards in the form of “Buy Now, Pay Later” services. These services such as Affirm, Afterpay, Klarna and PayPal Credit allow consumers to make interest-free installment payments on a purchase over the course of several weeks. According to respondents, 60% say they have used a Buy Now, Pay Later service. Of those, nearly half (46%) are currently making a payment or payments through one of those services.
Read more: https://www.crresearch.com/blog/buy_now_pay_later_statistics?source=Snapzu

Relativity Space inks deal with OneWeb

Relativity Space will be sending OneWeb’s second-gen broadband satellites to orbit starting in 2025 using its fully reusable 3D-printed rocket Terran R, under a new multi-launch agreement. This is the fifth customer for Terran R, and the only one that has been publicly named, bringing the total value of all binding launch agreements for that rocket to more than $1.2 billion.
Read more: https://techcrunch.com/2022/06/30/relativity-space-inks-deal-with-oneweb-reaches-1-2b-in-terran-r-launch-contracts/?source=Snapzu

TikTok says it's putting new limits on Chinese workers' access to U.S. user data

TikTok addressed Republican senators who have raised concerns that the Chinese-owned app could be sharing Americans' data with the Chinese government. TikTok says this is not happening.
Read more: https://www.npr.org/2022/07/01/1109467942/tiktok-china-data-privacy?source=Snapzu

A new method makes it possible to grow food in the dark

Sunshine is essential for plants as it is through photosynthesis that they grow and thrive by converting carbon dioxide, water and energy from the sun into plant biomass. Or is it really essential? Not necessarily, say scientists in the United States, who have devised a way to grow food in the dark without sunlight by using artificial photosynthesis.
Read more: https://www.sustainability-times.com/green-consumerism/a-new-method-makes-it-possible-to-grow-food-in-the-dark/?source=Snapzu