Domain: businessinsider.com
Stories and comments across the archive that link to businessinsider.com.
Stories · 515
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Hedge Fund Manager Criticizes Yahoo for Wasting $3 Billion On Poor Acquisitions (businessinsider.com)
mrspoonsi writes: On Monday morning, Eric Jackson, manager of hedge fund SpringOwl, sent a brutal 99-page presentation to Yahoo's board, outlining his case for why the company should drop Marissa Mayer as CEO and find new management. Jackson points out that Yahoo has burned through $3 billion on M&A in the past three years since Mayer took the reins, which contributes to $10 billion in what Jackson calls Yahoo's misallocated capital. The value of all of those startups Yahoo has acquired, Jackson says, is worth nothing at Yahoo's current stock price. Jackson also points out that Yahoo has a history of buying up startups run by former Google APM members. While at Google, Mayer started the company's elite associate product-manager program. Of the 49 acquisitions Yahoo has made under Mayer's leadership, six were startups founded by ex-Googlers. The total cost of these six acquisitions is $319 million, according to Jackson's slide deck. Yahoo bought Polyvore in July for $230 million. Polyvore, a social commerce site that lets users make artistic collages of clothes and accessories...But Jackson does not mince words when it comes to Yahoo's decision to spend shareholder money acquiring Polyvore and companies like it. "It's not acceptable to pay $230M for zombie companies run by former APM members," he says, pointing out that Polyvore had raised $22 million in VC funding, was 8 years old, and had gone through multiple pivots. For all intents and purposes, it looked like a goner until Yahoo bought it. -
Hedge Fund Manager Criticizes Yahoo for Wasting $3 Billion On Poor Acquisitions (businessinsider.com)
mrspoonsi writes: On Monday morning, Eric Jackson, manager of hedge fund SpringOwl, sent a brutal 99-page presentation to Yahoo's board, outlining his case for why the company should drop Marissa Mayer as CEO and find new management. Jackson points out that Yahoo has burned through $3 billion on M&A in the past three years since Mayer took the reins, which contributes to $10 billion in what Jackson calls Yahoo's misallocated capital. The value of all of those startups Yahoo has acquired, Jackson says, is worth nothing at Yahoo's current stock price. Jackson also points out that Yahoo has a history of buying up startups run by former Google APM members. While at Google, Mayer started the company's elite associate product-manager program. Of the 49 acquisitions Yahoo has made under Mayer's leadership, six were startups founded by ex-Googlers. The total cost of these six acquisitions is $319 million, according to Jackson's slide deck. Yahoo bought Polyvore in July for $230 million. Polyvore, a social commerce site that lets users make artistic collages of clothes and accessories...But Jackson does not mince words when it comes to Yahoo's decision to spend shareholder money acquiring Polyvore and companies like it. "It's not acceptable to pay $230M for zombie companies run by former APM members," he says, pointing out that Polyvore had raised $22 million in VC funding, was 8 years old, and had gone through multiple pivots. For all intents and purposes, it looked like a goner until Yahoo bought it. -
Google's Robotics Group Lacks Leadership (businessinsider.com)
An anonymous reader writes: Google has been snapping up promising robotics companies for the past several years, placing them in a division internally called "Replicant." But the division itself is struggling to come together, not having consistent leadership since Andy Rubin left in 2014. One robotics employee said, "The technology pieces we have are incredible. We just have to commit to a particular direction to go in and focus." While Google has accumulated bleeding-edge hardware and software systems, it hasn't been able to bring them together yet in any meaningful way. "Sources say that after Rubin left, there was no one who knew how to tie all the disparate acquisitions together. Rubin had provided a destination, but the team no longer had a road map or a guide to get there." -
Electric-Car Startup Faraday Future Building a $1 Billion Factory In California (businessinsider.com)
An anonymous reader writes: Faraday Future, an electric car startup based in California, wants to take on Tesla. They're building a $1 billion factory in California. Business Insider reports: "The startup of about 400 employees has poached executive talent from Tesla and also draws its name from a luminary scientist — Michael Faraday — who helped harness for humanity the forces of nature. Even Faraday's public announcement that California, Georgia, Louisiana and Nevada are finalists for the factory mirrors the approach Tesla took to build a massive battery factory. Nevada won that bidding war among several states last year by offering up to $1.3 billion in tax breaks and other incentives. Faraday hopes to distinguish itself by branding the car less as transportation than a tool for the connected class." -
The $6,000 Computer Desk That Lets You Lie Down While You Work
HughPickens.com writes: We've all read about standing desks and treadmill desks but now Rachel Gillet reports at Business Insider about the Altwork Station, a workstation that allows users to sit, stand, and recline while they work on their computers. Designed to accomodate two computer screens, the manufacturer says their new product is the ultimate combination for workplace productivity. "Most experts agree that humans should change positions and move throughout the day. We believe movement throughout the day is important," says the company who targets "high intensity" computer users, which it defines as people who spend at least four hours a day in front of a computer and are required to focus on complex tasks for extended periods of time. If the $5,900 ($3,900, if you pre-order) reclining workstation is not for you, there are other options you may want to consider including the scooter desk, bicycle desk, and hamster wheel desk. -
Siri Won't Answer Some Questions If You're Not Subscribed To Apple Music
AmiMoJo writes: A tweet from Tom Conrad has highlighted an issue with Apple's Siri digital assistant. When asked certain questions about music, Siri refuses to answer unless you subscribe to Apple Music. Instead of falling back to a web search for the information, Siri tells the user that it cannot respond due to the lack of a subscription. Apple Music has been the source of music related data for Siri since it launched, but until now did not require a subscription to answer questions. -
Walmart Plays Catch-Up With Amazon
HughPickens.com writes: According to James B. Stewart in the NY Times, for the past 16 years Walmart has often acted as though it hoped Amazon would just go away. When Walmart announced last week that it was significantly increasing its investment in e-commerce, it tacitly acknowledged that it had fallen far behind Amazon in the race for online customers. Now, the magnitude of the task it faces has grown exponentially as e-commerce growth continues to surge globally. "Walmart.com has been severely mismanaged," says Burt P. Flickinger III. "Walmart would go a few years and invest strategically and significantly in e-commerce, then other years it wouldn't.Meanwhile, Amazon is making moves in e-commerce that's put Walmart so far behind that it might not be able to catch up for 10 more years, if ever."
In 1999, Amazon was a fledgling company with annual revenue of $1.6 billion; Walmart's was about $138 billion. By last year, Amazon's revenue was about 54 times what it was in 1999, nearly $89 billion, almost all of it from online sales. Walmart's was about three times what it was 15 years before, almost $486 billion, and only a small fraction of that — 2.5 percent, or $12.2 billion — came from Walmart.com. Walmart's superefficient distribution system — a function of its enormous volume and geographic reach — was long the secret to Walmart's immense profitability. Ravi Jariwala, a Walmart spokesman, says that Walmart is building vast new fulfillment centers and is rapidly enhancing its delivery capabilities to take advantage of its extensive store network to provide convenient in-store pickup and adds that 70 percent of the American population lives within five miles of a Walmart store. "This is where e-commerce is headed," says Jariwala, which is to a hybrid online/in-store model. "Customers want the accessibility and immediacy of a physical store," along with the benefits of online shopping. -
The Google Employee Who Opted For a Truck Over Bay Area Rents (dice.com)
Nerval's Lobster writes: A little over a year ago, Google employees on a Quora thread announced they'd discovered an interesting way to live in the ultra-expensive Bay Area: Rather than pay for conventional housing, they resided in trucks and RVs parked near (or on) the company's campus, and took advantage of corporate perks—including free food, gym facilities, and dry cleaning—to get by on a day-by-day basis. Now one Googler, Brandon S., has taken to his blog to describe how he engaged in a little off-grid living within sight of Google's high-tech headquarters. First he spent $10,000 of his Google signing bonus on a 2006 Ford truck with 128 square feet of room in the back, which he filled with a bed, dresser, and coat rack. Google pays for his phone, and he uses the company's gym and cafeterias to eat and shower. For those Bay Area tech pros who think Brandon's lifestyle sounds appealing, his list of drawbacks includes "social suicide," the inconvenience of not having a bathroom or fridge in close proximity, stress, insect infestations, and the upfront costs of purchasing a large-enough vehicle. On the other hand, he's also using the cash savings to rapidly pay down his student loans. -
Disruptive Bloodwork Startup May Offer Mostly Vaporware
dmr001 writes: As seen previously, Palo Alto startup Theranos planned to put the power of affordable lab work directly in the hands of patients with tiny fingerprick samples taken at Walgreen's, with four hour turnaround. The company claimed their tests were "made possible by advances in the field of microfluidics." But they were cagey about methodology and didn't use FDA approved analyzers.
Now, the Wall Street Journal reports (paywalled) (among others) that all but one of Theranos' analyzers currently in use is off the shelf, and that their tiny samples may not always have been accurate. Typically cagey founder Elizabeth Holmes vigorously disputes the criticism of her $9 billion startup, but entrenched players like Quest Diagnostics and LabCorp (which do quite well charging orders of magnitude above Theranos' prices) are likely doing a happy dance.
Physicians worrying about patients bringing in their own carcinoembryonic antigen levels and Epstein Barr Virus panels to confirm their Internet diagnoses of cancer and chronic fatigue may also be breathing sighs of relief, albeit with bittersweet regret at the potential loss of the price advantage and milliliter samples. -
More Tech, STEM Workers Voluntarily Quitting Their Jobs (dice.com)
Nerval's Lobster writes: New data from the U.S. Bureau of Labor Statistics (BLS) suggests that more tech professionals are voluntarily quitting their jobs. In August, some 507,000 people in Professional and Business Services (which encompasses tech and STEM positions) quit their positions, up from 493,000 in July. It's also a significant increase over August 2014, when 456,000 professionals quit. Voluntary quits could be taken as a sign of a good economy (Dice link), hinting that people feel confident enough about the market to jump to a new position (likely with better pay and benefits), if not strike out on their own as an independent. For tech pros, things are particularly rosy at the moment; according to the BLS, the national unemployment rate among tech pros has hovered at under 3 percent for the past year, although not all segments have equally benefitted from that trend: Programmers, for example, saw their unemployment rate dip precipitously between the first and second quarters of this year, even as joblessness among Web developers, computer support specialists, and network and systems engineers ticked upwards during the same period. If there's one tech segment that hasn't enjoyed economic buoyancy, it's manufacturing, which has suffered from layoffs and steady declines in open positions over the past several quarters. -
Researchers Unable To Replicate Findings of Published Economics Studies (businessinsider.com)
An anonymous reader writes: Federal Reserve economists Andrew Chang and Phillip Li looked at 67 papers in 13 reputable academic journals. Their findings were shocking. Without the help of the authors, only a third of the results could be independently replicated. Even with the author's help, only about half, or 49%, could. Business Insider reports: "It's a pretty massive issue for economics, especially given the impact that the subject has on public policy. Li and Chang use a well-known paper by Carmen Reinhart and Ken Rogoff as an example. The study showed a significant growth drop-off once a country's national debts reached 90% of gross domestic product, but three years after being published the study was found to contain a significant Microsoft Excel error that changed the magnitude of the effect." With cancer studies and most recently psychology studies all having replication trouble, these economics papers have some company. -
GitHub's Next Move: Turn Everybody Into a Programmer
mattydread23 writes: This interview with GitHub CEO Chris Wanstrath and product VP Kakul Srivastava explains a little more what GitHub is planning for the future — and how the company is trying to live up to its $2 billion valuation. Basically, if every developer in the world uses and loves GitHub, the next logical step is to turn more people into developers. "Even today, Wanstrath says, there are journalists and scientists who are using GitHub to find, build, and share data-driven applications that assist with research or interactive projects. The goal, then, is to gradually make it a lot easier for anybody to get started on the platform. As more and more people get educated as programmers from an early age, Wanstrath wants GitHub to be the service of choice for the next generation to really get their feet wet." -
Is There Too Much New Programming On TV?
HughPickens.com writes: John Koblin writes in the NY Times that there's a crisis in television programming felt among executives, viewers and critics, and it's the result of one thing: There is simply too much on television. John Landgraf, chief executive of FX Networks, reported at the Television Critics Association Summer Press Tour that the total number of original scripted series on TV in 2014 was 371. The total will surpass 400 in 2015. The glut, according to Landgraf, has presented "a huge challenge in finding compelling original stories and the level of talent needed to sustain those stories."
Michael Lombardo, president of programming at HBO, says it is harder than ever to build an audience for a show when viewers are confronted with so many choices and might click away at any moment. "I hear it all the time," says Lombardo. "People going, 'I can't commit to another show, and I don't have the time to emotionally commit to another show.' I hear that, and I'm aware of it, and I get it." Another complication is that shows not only compete against one another, but also against old series that live on in the archives of Amazon, Hulu or Netflix. So a new season of "Scandal," for example, is also competing against old series like "The Wire." "The amount of competition is just literally insane," says Landgraf.
Others point out that the explosion in programming has created more opportunity for shows with diverse casts and topics, such as "Jane the Virgin," "Transparent" and "Orange Is the New Black." Marti Noxon, the showrunner for Lifetime's "UnREAL" and Bravo's "Girlfriends' Guide to Divorce," says there has been a "sea change" in the last five years. "I couldn't have gotten those two shows on TV five years ago," says Noxon. "There was not enough opportunity for voices that speak to a smaller audience. Now many of these places are looking to reach some people — not all the people. That's opened up a tremendous opportunity for women and other people that have been left out of the conversation." -
Amazon Work-Life Balance Defender: Prior Employer Nearly Killed Me and My Team
theodp writes: New York Times Public Editor Margaret Sullivan questions whether her paper's portrayal of Amazon's brutal workplace was on target, citing a long, passionate response in disagreement from Nick Ciubotariu, a head of infrastructure development at Amazon. Interestingly, Ciubotariu — whose take on Amazon's work-life balance ("I've never worked a single weekend when I didn't want to") was used as Exhibit A by CEO Jeff Bezos to refute the NYT's report — wrote last December of regretting his role as an enabler of his team's "Death March" at a former employer (perhaps Microsoft, judging by Ciubotariu's LinkedIn profile and his essay's HiPo and Vegas references). "I asked if there were any questions," wrote Ciubotariu of a team meeting. "Nadia, one of my Engineers, had one: 'Nick, when will this finally end?' As I looked around the room, I saw 9 completely broken human beings. We had been working over 100 hours a week for the past 2 months. Two of my Engineers had tears on their faces. I did my best to keep from completely breaking down myself. With my voice choking, I looked at everyone, and said: 'This ends right now'." Ciubotariu added, "I hope they can forgive me for being an enabler of their death march, however unwilling, and that I ultimately didn't do enough to stop it. As a 'reward' for all this, I calibrated #1 overall in my organization, and received yet another HiPo nomination and induction, at the cost of a shattered family life, my health, and a broken team. I don't think I ever felt worse in my entire career. If I could give it all back, I would, in an instant, no questions asked. Physically and mentally, I took about a year to heal." -
Bitcoin Fork Divides Community
HughPickens.com writes: The Bitcoin community is facing one of the most momentous decisions in its six-year history. The Bitcoin network is running out of spare capacity, and two increasingly divided camps disagree about what, if anything, to do about the problem. The technical issue is that a block, containing a record of recent transactions, currently has a 1MB limit. Increasing the block size would allow more transactions on the network at once, helping it to scale up to meet growing demand. But it would also make it more difficult for ordinary users to host full network "nodes" that validate new transactions on the network, potentially making the digital currency more centralized as a result. Now Rob Price writes that two high-profile developers have released a competing version of the codebase that risks splitting the digital currency in two.
Gavin Andresen and Mike Hearn have released Bitcoin XT, an alternative version of the core software that supports increasing the block size when required. Bitcoin users will now be forced to decide between "Bitcoin Core" and Bitcoin XT, raising the prospect of a "fork," where the digital currency divides into two competing versions. According to Price, Core and XT are compatible right now. However, if XT is adopted by 75% of users by January 2016, it will upgrade to a larger block size that will be incompatible with Core — meaning that if the other 25% don't then choose to convert, it will effectively split the currency into two. So far, 7.7% of the network has adopted XT, according to website XTnodes.com. "Ultimately, how the dispute is resolved may matter more than the specific decision that's reached," says Timothy B. Lee. "If the community is ultimately able to reach a consensus, the process could become a template for resolving future disagreements. On the other hand, if disagreements fester for months — or, worse, if a controversial software change splits the Bitcoin network into two warring camps — it could do real damage to Bitcoin's reputation." -
Why the Freemium Business Model Isn't What It Used To Be
mattydread23 writes: A few years ago, every enterprise software company was trying freemium — the idea of giving a product away to build users, then charging for additional features. Now, that model seems to be losing favor, except with open source software. Business Insider talks to enterprise founders and VCs to figure out why 'freemium' wasn't all it was cracked up to be. -
The Weird History of the Microsoft Windows Start Button
Gamoid writes: Windows 3.1 was so complicated that even a Boeing propulsion scientist couldn't figure out how to open a word processor. A behavioral scientist, who once worked with BF Skinner at Harvard, was brought in to Microsoft to figure out what was going wrong — and he came up with the Start button, for which he holds the patent today. It's a weird and cool look at how simple ideas aren't obvious. -
Advertising Companies Accused of Deliberately Slowing Page-load Times For Profit
An anonymous reader writes: An industry insider has told Business Insider of his conviction that ad-serving companies deliberately prolong the 'auctioning' process for ad spots when a web-page loads. They do this to maximize revenue by allowing automated 'late-comers' to participate beyond the 100ms limit placed on the decision-making process. The unnamed source, a principal engineer at a global news company (whose identity and credentials were confirmed by Business Insider), concluded with the comment: "My entire team of devs and testers mostly used Adblock when developing sites, just because it was so painful otherwise." Publishers use 'daisy-chaining' to solicit bids from the most profitable placement providers down to the 'B-list' placements, and the longer the process is run, the more likely that the web-page will be shown with profitable advertising in place. -
An Interview With Hacking Team's CEO
Alastair Stevenson writes: I talked to the leader of the world's most hated surveillance company about its path to recovery and morals, following a massive attack on its systems. CEO David Vincenzetti, as you might expect, thinks that his company "deserves the protection of law and order," and disclaims (also as you'd expect) responsibility for what its clients do with the privacy-unraveling software it provides: Law enforcement must have a way to do what it has always done, that is to track criminals and prevent or prosecute crime. With the development of global terrorism and especially the ‘lone wolf’ terrorist, this requirement is even more important. Hacking Team has helped fight crime by providing a surveillance tool to law enforcement. The company believes this is a small step toward a more secure world for all who wish to used the Internet and digital tools lawfully. -
A Month With a Ubuntu Phone
When the first Ubuntu phone came out, reviews were quick to criticize it for its lackluster hardware and unusual take on common mobile software interactions. It's been out for a while, now, and Alastair Stevenson has written about his experiences using it for an entire month. While he doesn't recommend it for phone users who aren't tech savvy, he does say that he began to like it better than Android after adjusting to how Ubuntu does things. From the article: [T]he Ubuntu OS has a completely reworked user interface that replaces the traditional home screen with a new system of "scopes." The scope system does away with the traditional mobile interface where applications are stored and accessed from a central series of homescreens. ... Adding to Ubuntu’s otherworldly, unique feel, the OS is also significantly more touch- and gesture-focused than iOS and Android. We found nearly all the key features and menus on the Meizu MX4 are accessed using gesture controls, not with screen shortcuts. ... Finally, there's my biggest criticism – Ubuntu phone is not smart enough yet. While the app selection is impressive for a prototype, in its infancy Ubuntu phone doesn't have enough data feeding into it, as key services are missing." -
Stephen Hawking and Russian Billionaire Start $100 Million Search For Aliens
An anonymous reader writes: Stephen Hawking is joining forces with Russian billionaire Yuri Milner to start a $100 million effort to search the skies for signs of alien life. The initiative is called Breakthrough Listen, which will pay for large amounts of access to the Green Bank Telescope and the Parkes Telescope to scan the skies for signals over the next 10 years. They say the search will be 50 times more sensitive than previous attempts, cover 10 times more of the sky, and scan a greater portion of the radio spectrum 100x faster. They add, "All data will be open to the public. This will likely constitute the largest amount of scientific data ever made available to the public. The Breakthrough Listen team will use and develop the most powerful software for sifting and searching this flood of data. All software will be open source." The project is also supported by Frank Drake, Ann Druyan, and Lord Martin Rees. -
Techies Hire Witch To Protect Computers From Viruses and Offices From Spirits
schwit1 writes: It may seem like your computer or smartphone is possessed by an evil spirit sometimes when a mysterious bug keeps causing an app to crash, but if you truly think your machine has been invaded by an evil spirit, there's someone who will take your call — Reverend Joey Talley. A Wiccan witch from the San Francisco Bay Area, Talley claims to solve supernatural issues for techies. Business Insider reports: "Talley’s website says she welcomes issues too unusual or dangerous to take the the straight world of Western helpers. But she also says no problem is too big or small, even, perhaps, your printer malfunctioning. However before you jump on the phone, you should be aware that Talley’s services do not come cheap. She charges $200 an hour (though a phone consultation is free)." -
Techies Hire Witch To Protect Computers From Viruses and Offices From Spirits
schwit1 writes: It may seem like your computer or smartphone is possessed by an evil spirit sometimes when a mysterious bug keeps causing an app to crash, but if you truly think your machine has been invaded by an evil spirit, there's someone who will take your call — Reverend Joey Talley. A Wiccan witch from the San Francisco Bay Area, Talley claims to solve supernatural issues for techies. Business Insider reports: "Talley’s website says she welcomes issues too unusual or dangerous to take the the straight world of Western helpers. But she also says no problem is too big or small, even, perhaps, your printer malfunctioning. However before you jump on the phone, you should be aware that Talley’s services do not come cheap. She charges $200 an hour (though a phone consultation is free)." -
Oracle Bullies Enterprise Clients Into Cloud Purchases, Consultant Claims
An anonymous reader writes: A consultant claims that Oracle has adopted the widespread use of 'breach notices' this year to force existing enterprise customers to adopt its newly-bolstered range of cloud services, or else be told to stop using all Oracle software within thirty days. Speaking to Business Insider, the unnamed source described the tactic as a 'nuclear option' which is now practically the default when the need to add services or users to an existing contract triggers an 'audit' by Oracle. An ex-Oracle contract negotiator who now works in the ever-expanding business niche of 'Oracle contract negotiation' commented 'Internally, the water cooler gossip there is that they've never seen this kind of aggression before. Oracle has really dialed it up. Customers are buying cloud services to make the Oracle issue go away, not because they have any intention of using cloud services.' -
Boeing Patents an Engine Run By Laser-Generated Fusion Explosions
MarkWhittington writes: Boeing has had a patent approved for an aircraft engine that uses laser-generated nuclear fusion as a power source, according to a story in Business Insider. The idea is already generating a great deal of controversy, according to the website Counter Punch. The patent has generated fears of what might happen if an aircraft containing radioactive material as fuel were to crash, spreading such fuel across the crash site. -
Adblock Plus Reduces University's Network Traffic By 25 Percent
Mickeycaskill writes: Simon Fraser University in British Columbia, Canada claims it cut 25% of its network traffic (40% of video traffic) by deploying Adblock Plus across its internal network. The study tested the ability of the Adblock Plus browser extension (PDF) in reducing IP traffic when installed in a large enterprise network environment, and found that huge amounts of data transfer were saved by blocking web-based advertisements and video trailers. The experiment was carried out over a period of six weeks. Disclaimer: the study was funded by Adblock Plus. -
Silicon Valley Is Filling Up With Ex-Obama Staffers
HughPickens.com writes: Edward-Isaac Dovere reports in Politico that the fastest-growing chapter of the Obama alumni association is in Silicon Valley. For the people who helped get Obama elected and worked for him once he did, there's something about San Francisco and its environs that just feels right: the emphasis on youth and trying things that might fail, chasing that feeling of working for the underdog, and even using that word "disrupting" to describe what they do. "A lot of people who moved out here were present at the creation of the Obama '08 campaign," says Tommy Vietor. "There's a piece of them that wants to replicate that." Vietor left the White House two years ago, and he and his business partner, former Obama speechwriter Jon Favreau, founded a communications strategy firm with a focus on speechwriting for tech and other start-ups. "If you're writing for a CEO out here, they're more likely to be your peer than your grandfather," says Vietor. "They're young, they're cool, they get it."
Other former Obama staffers who have come to Silicon Valley include former campaign manager and White House adviser David Plouffe at Uber, Kyle O'Connor at Nest, Semonti Stephens at Twitter; Mike Masserman, at Lyft; Brandon Lepow at Facebook; Nicole Isaac, at LinkedIn; Liz Jarvis-Shean at Civis; Jim Green and Vivek Kundra at Salesforce, Alex McPhillips at Google; Gillian Bergeron, at NextDoor; Natalie Foster at the Institute for the Future; Catherine Bracy at Code for America; Hallie Montoya Tansey at Target Labs. Nick Papas, John Baldo, Courtney O'Donnell and Clark Stevens at AirBnB, and Jessica Santillo at Uber.
There are so many former Obama staffers in the Bay Area that a recent visit by former White House senior adviser David Axelrod served as a reunion of sorts, with more than a dozen campaign and White House veterans gathering over lunch to discuss life after the administration. Obama himself rarely misses an opportunity to come to San Francisco. He says he loves the energy there, loves the people and according to Dovere, the city's ultra-liberal leanings mean he was greeted as a rock star even during the dark days before last year's midterms. Obama's even become friendly with Elon Musk. "There should be a welcome booth at the SFO airport," says Jon Carson, the former Organizing for Action executive director now at SolarCity. -
Depression: The Secret Struggle Startup Founders Won't Talk About
mattydread23 writes: In May, Cambrian Genomics CEO Austen Heinz committed suicide. The news stunned friends and family, and sparked a conversation about the growing problem of depression among startup founders. Some estimates say 30% of startup founders suffer from depression, but many are reluctant to talk about their struggle for fear of alienating investors and employees. This feature by Business Insider includes conversations with a friend of Heinz, plus many investors and other startup founders who are starting to talk about the problem and figure out how to make things better. -
Analysis: Iran's Nuclear Program Has Been an Astronomical Waste
Lasrick writes: Business Insider's Armin Rosen uses a fuel-cost calculator from the Bulletin of the Atomic Scientists to show that Iran's nuclear program has been "astronomically costly" for the country. Rosen uses calculations from this tool to hypothesize that what Iran "interprets as the country's 'rights' under the 1970 Non-Proliferation Treaty is a diplomatic victory that justifies the outrageous expense of the nuclear program." Great data crunching. -
8 Yelp Reviewers Hit With $1.2 Million Defamation Suits
New submitter goodboi writes: A Silicon Valley building contractor is suing 8 of its critics over the reviews they posted on Yelp. The negative reviews were filtered out by Yelp's secretive ranking system, but in court documents filed earlier this month, Link Corporation claims that the bad publicity cost over $165,000 in lost business. -
How Facebook Is Eating the $140 Billion Hardware Market
mattydread23 writes: It started out as a controversial idea inside Facebook. In four short years, the Open Compute Project has turned the $141 billion data-center computer-hardware industry on its head. This is the comprehensive history of the project, including interviews with founder Jonathan Heiliger and members of the financial services industry who are already on board, plus a dismissal from Google's own data center guru Urs Holzle. -
Why Apple and Google Made Their Own Programming Languages
Gamoid writes: This Business Insider article looks into the state of Google Go and Apple Swift, highlighting what the two languages have in common — and why tech companies would bother involving themselves in the programming language holy wars. From the article: "One fringe benefit for Google and Apple is that making your own programming language makes recruitment easier — for instance, since it builds a lot of its own server applications in Go, Google is more likely to hire a developer who's already proficient in the language since she would need less training." -
Mandriva CEO: Employee Lawsuits Put Us Out of Business
Julie188 writes: As you probably heard by now, Linux company Mandriva has finally, officially gone out of business. The CEO has opened up, telling his side of the story. He blames employee lawsuits after a layoff in 2013, the French labor laws and the courts. "Those court decisions forced the company to announce bankruptcy," he said. -
The Tricky Road Ahead For Android Gets Even Trickier
HughPickens.com writes: Farhad Manjoo writes in the NYT that with over one billion devices sold in 2014 Android is the most popular operating system in the world by far, but that doesn't mean it's a financial success for Google. Apple vacuumed up nearly 90 percent of the profits in the smartphone business which prompts a troubling question for Android and for Google: How will the search company — or anyone else, for that matter — ever make much money from Android. First the good news: The fact that Google does not charge for Android, and that few phone manufacturers are extracting much of a profit from Android devices, means that much of the globe now enjoys decent smartphones and online services for low prices. But while Google makes most of its revenue from advertising, Android has so far been an ad dud compared with Apple's iOS, whose users tend to have more money and spend a lot more time on their phones (and are, thus, more valuable to advertisers). Because Google pays billions to Apple to make its search engine the default search provider for iOS devices, the company collects much more from ads placed on Apple devices than from ads on Android devices.
The final threat for Google's Android may be the most pernicious: What if a significant number of the people who adopted Android as their first smartphone move on to something else as they become power users? In Apple's last two earnings calls, Tim Cook reported that the "majority" of those who switched to iPhone had owned a smartphone running Android. Apple has not specified the rate of switching, but a survey found that 16 percent of people who bought the latest iPhones previously owned Android devices; in China, that rate was 29 percent. For Google, this may not be terrible news in the short run. If Google already makes more from ads on iOS than Android, growth in iOS might actually be good for Google's bottom line. Still, in the long run, the rise of Android switching sets up a terrible path for Google — losing the high-end of the smartphone market to the iPhone, while the low end is under greater threat from noncooperative Android players like Cyanogen which has a chance to snag as many as 1 billion handsets. Android has always been a tricky strategy concludes Manjoo; now, after finding huge success, it seems only to be getting even trickier. -
Adblock Plus Victorious Again In Court
New submitter Xochil writes: AdBlock Plus has successfully defended itself in court for the second time in five weeks. The Munich Regional Court ruled against media companies ProSiebenSat1 and IP Deutschland. The companies sued Eyeo, the company behind Adblock Plus, asking the court to ban the distribution of the free ad-blocking software, saying it hurts their ad-based business model. An Eyeo release says in part: "We are elated at the decision reached today by the Munich court, which is another win for every internet user. It confirms each individual’s right to block annoying ads, protect their privacy and, by extension, determine his or her own internet experience. This time it also confirms the legitimacy of our Acceptable Ads initiative as a compromise in the often contentious and rarely progressive world of online advertising." -
Mandriva Goes Out of Business
An anonymous reader writes: After struggling for the past several years, Mandriva has finally gone out of business, and is in the process of being liquidated. The company was responsible for Mandriva Linux, itself a combination of Mandrake Linux and Conectiva Linux. When Mandriva fell upon hard times, many of the distro's developers migrated to Mageia Linux, which is still going strong and just putting the final touches on its next major version (5). -
Elon Musk Establishes a Grade School
HughPickens.com writes with news that Elon Musk has established "Ad Astra," a small, private school for grade-school-age kids. His goal for the school is to eliminate actual differences between the grades. The school had only 14 students for the past year, but will likely expand to 20 next September. Musk says, "It's important to teach problem solving, or teach to the problem and not the tools." As an example, he says teaching kids about tools should be more about taking an engine apart and learning about neccessary tools as the need arises, rather than just dumping information on them about a bunch of tools in an abstract way. "Musk's approach to delete grade level numbers and focus on aptitude may take the pressure off non-linear students and creates a more balanced assessment of ingenuity." -
Interactive Map Exposes the World's Most Murderous Places
Lashdots writes with this selection from a Fast Company story: In 2012, 437,000 people were killed worldwide, yielding a global average murder rate of 6.2 per 100,000 inhabitants. A third of those homicides occurred in Latin America and the Caribbean, home to just 8% of the world's population. But data on violent death can be difficult to obtain, since governments are often reluctant to share their homicide statistics. What data is available is sometimes inconsistent and inconclusive. Adds Lashdots: To make this data clear and to better address the problem of global homicide, a new open-source visualization tool, the Homicide Monitor, tracks the total number of murders and murder rates per country, broken down by gender, age and, where the data is available, the type of weapon used, including firearms, sharp weapons, blunt weapons, poisoning, and others. For the most violent region in the world, the 40 countries in Latin America and the Caribbean, you can also see statistics by state and city. That geographic specificity helps to underscore an important point about murders, says Robert Muggah, the research director and program coordinator for Citizen Security at the Rio de Janeiro-based Igarapé Institute, in the above-lined story: "In most cities, the vast majority of violence takes place on just a few street corners, at certain times of the day, and among specific people." -
IBM CIO Thinks Agile Development Might Save Company
Nerval's Lobster writes: A new Wall Street Journal article details how IBM CIO Jeff Smith is trying to make Big Blue, which is going through some turbulent times as it attempts to transition from a hardware-dependent business to one that more fully embraces the cloud and services, operate more like a startup instead of a century-old colossus. His solution centers on having developers work in smaller teams, each of which embraces Agile methodology, as opposed to working in huge divisions on multi-year projects. In order to unite employees who might be geographically dispersed, IBM also has its groups leave open a Skype channel throughout the workday. Smith hopes, of course, that his plan will accelerate IBM's internal development, and make it more competitive against not only its tech-giant competition, but also the host of startups working in common fields such as artificial intelligence. -
Google Insiders Talk About Why Google+ Failed
An anonymous reader writes in with this story about what happened to Google+ from an employee perspective. "Last month, Google announced that it's changing up its strategy with Google+. In a sense, it's giving up on pitching Google+ as a social network aimed at competing with Facebook. Instead, Google+ will become two separate pieces: Photos and Streams. This didn't come as a surprise — Google+ never really caught on the same way social networks like Facebook, Twitter, or LinkedIn did....Rumors have been swirling for months that Google would change its direction with Google+. Business Insider spoke with a few insiders about what happened to the network that Google believed would change the way people share their lives online. Google+ was really important to Larry Page, too — one person said he was personally involved and wanted to get the whole company behind it. The main problem with Google+, one former Googler says, is the company tried to make it too much like Facebook. Another former Googler agrees, saying the company was 'late to market' and motivated from 'a competitive standpoint.'" -
Netflix Algorithm Tells You When Your Best Employee Is About To Leave You
An anonymous reader writes "Former Netflix data scientist Mohammad Sabah has used the basis of the video-streaming company's movie-recommendation engine to create a new system to predict when valuable employees are likely to leave your company for pastures new. The new application 'Workday Talent Insights' uses the basis of the engine to correlate diverse factors such as interval between promotions and current length of tenure with equivalent job opportunities at employment websites, in order to gauge 'corporate restlessness', and provide options for employers who identify potential leavers." -
The Key To Interviewing At Google
Nerval's Lobster writes Wired has an excerpt from a new book of Google-centric workplace advice, written by Laszlo Bock, the search-engine giant's head of "People Operations" (re: Human Resources). In an interesting twist, Bock kicks off the excerpt by describing the brainteaser questions that Google is famous for tossing at job candidates as "useless," before suggesting that some hiring managers at the company might still use them. ("Sorry about that," he offered.) Rather than ask candidates to calculate the number of golf balls that can fit inside a 747 (or why manhole covers are round), Google now runs its candidates through a battery of work-sample tests and structured interviews, which its own research and data-crunching suggest is best at finding the most successful candidates. Google also relies on a tool (known as qDroid), which automates some of the process—the interviewer can simply input which job the candidate is interviewing for, and receive a guide with optimized interview questions. It was only a matter of time before people got sick of questions like, "Why are manhole covers round?" -
SeaWorld and Others Discover That a Hashtag Can Become a Bashtag
HughPickens.com writes Alison Griswold writes that in an effort to improve its tanking image, SeaWorld launched a new advertising campaign this week to educate the public about its "leadership in the care of killer whales" and other work to protect whales in captivity and in the wild. As part of that head-on initiative, someone at SeaWorld decided to invite Twitter users to pose their questions to the company directly using the hashtag #AskSeaWorld. That was not a good idea as twitter users bashed Sea World relentlessly.. "As easy as it is to make fun of SeaWorld here, the real question is why any company still thinks hosting an open Twitter forum could be good for public relations," writes Griswold. "So maybe SeaWorld's social and PR folks just really have no idea what they're doing. Even so, you'd think they'd have learned from the corporate failures before them."
Let's review some of the times this has backfired, starting with the infamous McDonald's #McDStories Twitter campaign of January 2012. Rather than prompting customers to share their heart-warming McDonald's anecdotes, the hashtag gave critics a highly visible forum to share their top McDonald's horror stories. MacDonalds pulled the campaign within two hours but they discovered that crowd-sourced campaigns are hard to control. Three years later the #McDStories hashtag is still gathering comments. "Twitter Q&As are a terrible idea.," concludes Griswold. "A well-meaning hashtag gives critics an easy way to assemble and voice their complaints in a public forum. Why companies still try them is a great mystery. Maybe they'll all finally learn from SeaWorld and give this one horrible PR trick up for good." -
IBM and OpenPower Could Mean a Fight With Intel For Chinese Server Market
itwbennett writes With AMD's fade out from the server market and the rapid decline of RISC systems, Intel has stood atop the server market all by itself. But now IBM, through its OpenPOWER Foundation, could give Intel and its server OEMs a real fight in China, which is a massive server market. As the investor group Motley Fool notes, OpenPOWER is a threat to Intel in the Chinese server market because the government has been actively pushing homegrown solutions over foreign technology, and many of the Foundation members, like Tyan, are from China. -
A Software Project Full of "Male Anatomy" Jokes Causes Controversy
An anonymous reader writes with the story of a Github user's joke repository that is causing some controversy. "There's no question that the tech world is an overwhelmingly male place. There's legit concern that tech is run-amok with 'brogrammers' that make women programmers feel unwelcome. On the other hand, people just want to laugh. It's at that intersection that programmer Randy Hunt, aka 'letsgetrandy' posted a 'project' earlier this week to software hosting site GitHub called 'DICSS.' The project, which is actual free and open source software, is surrounded by geeky jokes about the male anatomy. And it's gone nuts, so to speak, becoming the most trending project on Github, and the subject of a lot of chatter on Twitter. And, Hunt tells us, the folks at Github are scratching their heads wondering what they should do about it. Some people love DICSS ... and some people are, understandably, offended. The offended people point out that this is exactly the sort of thing that makes tech unwelcoming to women, and not just because of the original project, but because of some of the comments (posted as "commits") that might take the joke too far." -
Uber Shut Down In Multiple Countries Following Raids
wired_parrot (768394) writes "Worldwide raids were carried out against Uber offices in Germany, France and South Korea. In Germany, the raids followed a court ruling banning Uber from operating without a license. In Paris, raids followed an investigation into deceptive practices. And in South Korea, 30 people, including Uber's CEO, were charged with running an illegal taxi service." -
The Abandoned Google Project Memorial Page
HughPickens.com writes: Quentin Hugon, Benjamin Benoit and Damien Leloup have created a memorial page for projects adandoned by Google over the years including: Google Answers, Lively, Reader, Deskbar, Click-to-Call, Writely, Hello, Send to Phone, Audio Ads, Google Catalogs, Dodgeball, Ride Finder, Shared Stuff, Page Creator, Marratech, Goog-411, Google Labs, Google Buzz, Powermeter, Real Estate, Google Directory, Google Sets, Fast Flip, Image Labeler, Aardvark, Google Gears, Google Bookmarks, Google Notebook, Google Code Search, News Badges, Google Related, Latitude, Flu Vaccine Finder, Google Health, Knol, One Pass, Listen, Slide, Building Maker, Meebo, Talk, SMS, iGoogle, Schemer, Notifier, Orkut, Hotpot, Music Trends, Refine, SearchWiki, US Government Search, Sparrow, Web Accelerator, Google Accelerator, Accessible Search, Google Video, and Helpouts. Missing from the list that we remember are Friend Connect, Google Radio Ads, Jaiku, SideWiki, and Wave.
We knew there were a lot, but who knew there'd be so many. Which abandoned Google project do you wish were still around? -
Elon Musk To Write a Book About Earth Sustainability and Mars Colonization
MarkWhittington writes Elon Musk has taken on quite a number of projects with a goal of changing the world while making lots of money doing so. He proposes to revolutionize space travel through his commercial launch company, SpaceX. His more earthly endeavors have included electric cars, home solar power, a transportation system called the Hyperloop, a space based Internet and, most recently, a battery that can power a house. Now, according to a story in Business Insider, Musk will open his mind on his views on "sustainability" was well as Mars colonization in book form. -
Apple To Build New $2 Billion Data Center In Bankrupted GT Advanced Buildings
mrspoonsi writes Apple announced it will spend about $2 billion to build a new data center in Mesa, Arizona. It will be housed in buildings formerly used by GT Advanced Technologies (GTAT), which went bankrupt last year after failing to supply sapphire display covers for the iPhone 6. The data center will be powered entirely by renewable energy. It will be a "command center for our global networks." Apple has said it would help find work for people affected by GTAT's bankruptcy. It's possible some of those former GTAT employees might help construct the new command center. When Apple initially partnered with GTAT to make sapphire displays, the company invested millions in a sapphire production facility. It makes sense that Apple would want to do something with the building if it couldn't make sapphire there. -
Obama Proposes One-Time Tax On $2 Trillion US Companies Hold Overseas
mrspoonsi writes with news about a new proposed tax on overseas profits to help pay for a $478 billion public works program of highway, bridge and transit upgrades. President Barack Obama's fiscal 2016 budget would impose a one-time 14 percent tax on some $2 trillion of untaxed foreign earnings accumulated by U.S. companies abroad and use that to fund infrastructure projects, a White House official said. The money also would be used to fill a projected shortfall in the Highway Trust Fund. "This transition tax would mean that companies have to pay U.S. tax right now on the $2 trillion they already have overseas, rather than being able to delay paying any U.S. tax indefinitely," the official said. "Unlike a voluntary repatriation holiday, which the president opposes and which would lose revenue, the president's proposed transition tax is a one-time, mandatory tax on previously untaxed foreign earnings, regardless of whether the earnings are repatriated." In the future, the budget proposes that U.S. companies pay a 19 percent tax on all of their foreign earnings as they are earned, while a tax credit would be issued for foreign taxes paid, the official said.