The Gig Economy Is Failing. Say Hello to the Hustle Economy.

Unemployed teachers, cooks, dancers are turning to Patreon, Twitch, and OnlyFans
Read more: https://onezero.medium.com/the-gig-economy-is-failing-say-hello-to-the-hustle-economy-13ae3aa91954?source=Snapzu

Google has outgrown its corporate culture

It may be just 21 years old, but Google is in the midst of a mid-life crisis. As so often in such cases, all seems well on the surface. Every day its search engine handles 6bn requests, YouTube receives 49 years’ worth of video uploads and Gmail processes about 100bn emails. Thanks to its dominance of online advertising, Google’s parent company, Alphabet, made a profit of $34bn last year. Beyond its core operations, it is a world leader in artificial intelligence (ai), quantum computing and self-driving cars.
Read more: https://www.economist.com/leaders/2020/07/30/google-has-outgrown-its-corporate-culture?source=Snapzu

The Great Coronavirus Economic Crisis Is Far From Over

The pandemic’s resurgence, coupled with dire warnings about a likely second wave, now seems to be halting in its tracks the economy’s very strong bounce from its second-quarter collapse.
Read more: https://nationalinterest.org/feature/great-coronavirus-economic-crisis-far-over-165882?source=Snapzu

Another Reminder Cable TV Is Dying: Comcast Lost 477,000 Cable Subscribers Last Quarter

However, the company did gain 323,000 net high-speed Internet customers, which the company called its best second-quarter number on that metric in 13 years. 
Read more: https://nationalinterest.org/blog/techland/another-reminder-cable-tv-dying-comcast-lost-477000-cable-subscribers-last-quarter?source=Snapzu

The antitrust case against Amazon just got stronger

Jeff Bezos still doesn’t have a good answer to what might be the strongest antitrust claim facing Amazon.
Read more: https://www.engadget.com/amazon-antitrust-hearing-third-party-sellers-201126053.html?source=Snapzu

Nvidia is reportedly in "advanced talks" to buy ARM for more than $32 billion

It might be the biggest chip deal ever
Read more: https://www.theverge.com/circuitbreaker/2020/7/31/21349332/nvidia-talks-buy-arm-processor-mobile-deal-32-billion-softbank-purchase-rumor?source=Snapzu

U.S. GDP likely sank a record 35% in the 2nd quarter after coronavirus ravaged the economy

The U.S. suffered the biggest economic decline in the second quarter since the government began keeping track after World War Two. How much? Try 30% — or more. Economists polled by MarketWatch estimate gross domestic product — the official scorecard for the U.S. economy — contracted by a record 34.6% annual pace from the start of April to the end of June.
Read more: https://www.marketwatch.com/story/us-gdp-likely-sank-a-record-35-in-the-2nd-quarter-after-coronavirus-ravaged-the-economy-2020-07-29?source=Snapzu