The Startup Reckoning
Over the past decade, technology start-ups grew so quickly that they couldn’t hire people fast enough. Now, the layoffs have started coming in droves, and many hot young companies are facing a reckoning, the New York Times reports. It’s a humbling shift for an industry that long saw itself as an engine of job creation and innovation.
The Man Who Inspired User-Friendly Design
Larry Tesler, best known as the creator of the ubiquitous commands “cut,” “copy,” and “paste,” passed away recently at age 74. In a tribute to Tesler, Fast Company notes that he was part of the golden age of research at Xerox PARC, and also created the most well-known trope in modern design: the idea of “user friendliness.”
Xerox Is Unfazed by HP’s Resistance
Xerox intends to push ahead with its efforts to acquire HP even though the Palo Alto-based company has adopted a shareholders rights plan meant to stymie Xerox’s unsolicited buyout attempt, SiliconValley.com reports. Xerox’s comments are the latest move in a three-month effort by the printing and imaging company to acquire HP.
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Amazon Extends Cashierless Tech to Groceries
Amazon this week opened its first grocery store using the retailer’s cashierless “Just Walk Out” technology that has powered 25 Amazon Go convenience stores in a handful of major U.S. metros, TechCrunch reports. The new Amazon Go Grocery store is based in Amazon’s hometown of Seattle.
Inside Bloomberg's Influencer Army
The Bloomberg 2020 operation is hiring more than 500 people at a rate of $2,500 a month to text friends and post on social media in support of the billionaire media mogul’s presidential bid, the Los Angeles Times reports. The Bloomberg campaign’s tactics have raised questions such as whether these posts constitute sponsored content and how social media platforms should regulate nontraditional political advertising.
Why CBRS Could Be a Big Deal
A newly opened part of the wireless spectrum, called CBRS, coupled with an innovative cloud-computing infrastructure, aims to be the underlying connective tissue for companies looking to develop private networks to help them monitor their businesses. Protocol says small firms in particular could benefit.
Swedish Central Bank Starts Testing Its Digital Currency
Sveriges Riksbank, the central bank of Sweden, has begun testing its e-krona digital currency, a move that takes the country a step closer to issuing the world’s first central bank digital currency, The Block reports. Consulting giant Accenture is working on the pilot project.
The Case for Private Data Ownership
The world's most valuable tech companies profit from the personal data you generate. So why aren't you getting paid for it? In a TED Talk, entrepreneur and technologist Jennifer Zhu Scott makes the case for private data ownership.
Shady Chrome Extensions Snare Nearly 2 Million
More than 500 Chrome extensions have been removed by Google, after they were caught stealing the data of almost 2 million users, Tech.Co reports. The Chrome extensions stole users' browsing data through shady advertising mechanisms.
Dancing Baby Goes HD
Older internet users will recall the somewhat creepy 3D-animated Dancing Baby (aka "Baby Cha-Cha" and "the Oogachacka Baby") from 1996. One of the earliest viral videos, it now has been re-rendered in HD format by an enterprising college student, Ars Technica reports.