Supply headaches that were viewed as temporary when the Covid pandemic began now are expected to last through 2022, the Washington Post reports. Delivery disruptions have become the signature feature of the recovery, fueling inflation, sapping growth and calling into question the global economic model that has prevailed for three decades.
DevOps software provider GitLab is expected to go public today via Nasdaq under the "GTLB" symbol, and is reportedly targeting a nearly $10 billion valuation. Protocol takes a close look at the IPO and GitLab, which began in 2011 as an open-source project and converted to a for-profit company in 2014.
ClassPass, the subscription-based fitness marketplace most recently valued at $1 billion, says it has been acquired by Mindbody, TechCrunch reports. ClassPass helps fill fitness classes, while Mindbody provides the software that helps fitness centers run their business.
Facebook's recent crash was far from being a one-off situation: experts suggest widespread outages are becoming more frequent and more disruptive, the BBC reports. They say one reason is an increased reliance on a small number of networks and companies to deliver large portions of Internet content.
Many employees love Slack. Many employers don't. The Atlantic explores the reason why. One of them: On Slack, everyone has the same size megaphone, regardless of hierarchy or chain of command.
The first era of social media began when Facebook introduced the News Feed. Snapchat brought the second era: Stories. Now, the third era is coming ... and it looks a lot like TikTok, Contently says.
Crypto assets have grown from $16 billion five years ago to about $2.3 trillion today, and thus could pose a systemic risk to the global financial system, the Bank of England said on Wednesday. The subprime debt market was valued at around $1.2 trillion in 2008, just before the financial crisis, CoinDesk reports.
Apple is likely to slash its projected iPhone 13 production targets for 2021 by as many as 10 million units as prolonged chip shortages hit its flagship product, Bloomberg reports. The technology giant is one of the world’s largest chip buyers, but even with strong buying power, Apple is grappling with the same supply disruptions that have wreaked havoc on industries around the world.
The ninth version of Domo’s Data Never Sleeps chart presents an overview of what’s happening, collectively, every minute of every day on the internet, Social Media Today reports. Among the key notes per minute: YouTube users are watching 694,444 hours of video; Zoom hosts 856 minutes of webinars; and TikTok users watch 167 million clips.
Researchers at Switzerland’s Ecole Polytechnique Federale de Lausanne this week released open-source beta software that allows for virtual visits through through galaxies and well beyond, AP reports. The program—called Virtual Reality Universe Project, or VIRUP—pulls together what the researchers call the largest data set of the universe to create three-dimensional, panoramic visualizations of space.