Meet One of the World's Most Valuable Female-Led Startups
Australian online design platform Canva this week announced it has raised $85 million, led by Mary Meeker’s venture capital firm, boosting its valuation to $3.2 billion, Bloomberg reports. That makes the company, co-founded by 32-year-old CEO Melanie Perkins, one of the most valuable female-led technology startups in the world. Canva has more than 20 million monthly active users.
Salesforce Founder: ‘Capitalism, As We Know It, Is Dead’
On the eve of the release of his latest book, Salesforce co-CEO and founder Marc Benioff spoke with Fortune about what’s really generating value in businesses today, and why some big tech companies just don’t get it. Says Benioff: "Businesses have to move to a new capitalism: a more equal, fair, and sustainable way of doing business—one that values all stakeholders as well as shareholders."
Is the Consumer-Tech Gold Rush Over?
If you wake up on a Casper mattress, work out with a Peloton before breakfast, Uber to your desk at a WeWork, order DoorDash for lunch, take a Lyft home, and get dinner through Postmates, you’ve interacted with seven companies that together will lose nearly $14 billion this year, Derek Thompson writes on CityLab. With such companies bleeding cash, the consumer-tech gold rush may be coming to an end.
Code That’s Changed the World
Software shapes our lives, Slate observes. So, its editors polled computer scientists, software developers, historians, policymakers and journalists to compile a list of the world’s most consequential bits of code. The result: a list that includes the Apollo 11 Lunar Module’s Bailout Code, the JPEG, the first pop-up ad, and 33 other bits of software that have transformed our world.
The Gender Gap on Patents
Women inventors account for less than 13 percent of patent applications globally, according to a study by the UK's Intellectual Property Office, the BBC reports. Researchers attribute the gap to a lack of women working in science, technology, engineering and math fields. But even when they apply for patents, women may be less likely to receive them.
Taking the Drudgery Out of Everyday Tasks
Slack’s new Workflow Builder democratizes automation by letting you turn your organization’s essential processes into software, Fast Company reports. The tool lets users build little bits of custom automated functionality.
Flunking at Digital Knowledge
A majority of U.S. adults can answer fewer than half the 10 questions correctly on a digital knowledge quiz, a Pew Research Center study has found. While a majority of U.S. adults can correctly answer questions about phishing scams or website cookies, just 28 percent can identify an example of two-factor authentication—one of the most important ways experts say people can protect their personal information on sensitive accounts.
Andrew Yang on Who Should Own Our Data
Entrepreneur and Democratic presidential candidate Andrew Yang is the only candidate who has made data privacy a campaign policy issue. In a conversation with the New York Times, Yang discusses his proposals for a data dividend and a Department of the Attention Economy.
Digital Criminals Go ‘Big-Game Hunting’
The FBI has issued a warning that "ransomware attacks are becoming more targeted, sophisticated, and costly," Ars Technica reports. These attacks focus on high-value data or assets within organizations that are especially sensitive to downtime—so the motivation to pay a ransom is consequently very high.
Beware of Tpyos
Type elizibethwarren.com and it takes you to … donaldjtrump.com. Digital Shadows reports that more than 550 domains already exist to "typosquat" on U.S. presidential candidates. Typosquat sites capitalize on internet users' URL misspellings to send them to a rival campaign or to malicious browser extensions.