As SoftBank Urges WeWork To Shelve Its IPO, It's Time To Think The Unthinkable
* Stories are summarized by an A.I.
* Companies mentioned: SoftBank, SHOP, AAPL, SPOT, MO, Brave Software, GOOG, FB, BABA and Huawei
As SoftBank Urges WeWork To Shelve Its IPO, It's Time To Think The Unthinkable
SoftBank Group | Zero Hedge
Also, the fact that the company has seen its cash burn grow just as fast as its revenue has hardly inspired confidence. The issue is that at the latest valuation cited of around $15-$20 billion, the Japanese venture capital conglomerate would be hopelessly underwater (it invested $2 billion this year at a $47 billion valuation), which explains SoftBank’s waning enthusiasm for a listing. “At least it’s for a good cause, right?” Well, the WeWork IPO does nothing other than prop up a Masayoshi Scheme (which is just a sophisticated Ponzi Scheme). Of course, in this day and age of infinite moral hazard, there is always Plan B:When is the BOJ's bailout of Softbank? After the Uber humiliation and the WeWork IPO fiasco, SoftBank's attempts to raise over $100 billion for its second Vision Fund to invest in technology start-ups, will be quietly put to rest.
Read More
Shopify acquires 6 River Systems for $450 million to expand its AI-powered fulfillment network
SHOP (Shopify Inc. Class A Subordinate) | Venture Beat
Shopify today announced it is acquiring 6 River Systems, a startup focused on fulfillment automation for e-commerce and retail operations. In June at its Unite partner and developer conference, Shopify announced the Shopify Fulfillment Network, which uses machine learning to ensure timely deliveries and lower shipping costs. Founded in 2015 by Jerome Dubois, Rylan Hamilton, and Chris Cacioppo, 6 River Systems is based in Waltham, Massachusetts. 6 River Systems had raised $46 million to date from Eclipse Ventures, Menlo Ventures, Norwest Venture Partners, and iRobot. Dubois and Hamilton were previously executives at Kiva Systems (Amazon acquired Kiva Systems for $775 million in March 2012).
Read More
Apple execs say App Store search has changed after new antitrust concerns come to light
AAPL (Apple Inc.) | CNBC
A Times analysis of App Store search data found that results for popular search terms often surfaced several Apple-made apps, even when they were less relevant to the search term that apps by competitors. The two Apple executives in charge of Apple's apps and the App Store told the Times in an interview they stopped the App Store search algorithm from stacking results with Apple-made apps in July. In May, Apple launched a new website that attempts to quell concerns over the fairness of its App Store. The site calls the App Store, "A store that welcomes competition," and responds to common criticisms of the product.
Read More
Spotify: The Future Is Content Creation
SPOT (Spotify Technology S.A.) | Seeking Alpha
I believe Spotify can increase operating leverage and user loyalty by integrating backward through the industry value chain. IndustryIn a simplified form the pre-internet music industry value chain can be broken into content creation, content discovery and promotion, content distribution and consumption. Figure 2: Digital Era Music Industry Value Chain(source: Created by author)Digital distribution has changed the dynamics of all media value chains and where profits accrue. Gimlet is one of the leading players in premium podcasts and gives Spotify a strong foothold in content creation. Anchor provides Spotify access to a large supply of low-cost content; users record, edit and host content, all Spotify has to do is index it.
Read More
UPDATE 3-U.S. doctors' group says just stop vaping as deaths, illnesses rise
MO (Altria Group Inc.) | Reuters
The AMA, one of the nation’s most influential physician groups, also called on doctors to inform patients about the dangers of e-cigarettes, including toxins and carcinogens, and swiftly report any suspected cases of lung illness associated with e-cigarette use to their state or local health department.
Read More
Decentralized Brave Browser Tops Chrome in Google Play Rankings in Japan
Brave Software Inc | Cointelegraph
The popularity of the decentralized blockchain-enabled web browser Brave continues to grow as it has outranked other browsers in Google Play rankings in Japan. Brave beats rival browsersAccording to a Reddit post on Sept. 8, this is the first time that the privacy-focused Brave browser has overtaken its rival browsers such as Firefox, Opera and Chrome in Japan. The most recent ranking data from Google Play shows that Brave sits comfortably at number 10 on the list, while its closest competitor Firefox lags behind, occupying 14th place. A Google Play ranking is determined by how well apps perform against several key metrics such as crash rates, app-not-responding rates, excessive WiFi, location or processing in the background. Brave Browser develops new crypto walletAt the end of August, Brave announced the development of its new cryptocurrency wallet for Ethereum-based tokens including Ether (ETH).
Read More
Google's New Nest Hub Max Raises Questions About How Much We Still Value Our Privacy
GOOG (Alphabet Inc) | Forbes
(After all, there’s a reason 50 attorney generals announced today that they were launching an anti-trust probe of the company.) Google’s New Nest Hub MaxIn May 2019, Google announced that it would fold Nest (which it has owned since 2014) into its smart home suite of devices, and this week the new Nest Hub Max was released for $229. But the Max does more than just stare at you or listen for you – it does both, and then some. Its camera allows you to make video calls, leave video messages, watch YouTube, access your Google accounts, and monitor your home. Just leave a message on the Hub Max and as soon as it sees their face it will remind them for you.
Read More
Facebook warns about iPhone privacy change that could unsettle Facebook users
FB (Facebook Inc) | CNBC
The blog post appears to be a way to get out in front of software changes made by Apple and Google that could unsettle Facebook users given the company's poor reputation for privacy. "Your Android or iOS location settings allow you to control when you share your device's precise location with apps like Facebook," a Facebook engineering director wrote in a blog post. The Facebook blog post also addressed Android, which also has new location features in its latest version, 10. Facebook's blog post also added that it might collect location information through alternative methods even if users turn off location settings on their device. "We may still understand your location using things like check-ins, events and information about your internet connection," according to Facebook's blog post.
Read More
Alibaba set for ‘big challenge’ as flamboyant chairman Ma departs
BABA (Alibaba Group Holding Limited) | Financial Post
The resignation plan announced by Ma last year was perceived as unusual as it is rare for a founder of such a big and transformative tech firm to retire this early. Under Ma’s leadership, Alibaba has grown to become Asia’s most valuable listed company, with a current market capitalisation of $460 billion. Ma struggled to expand Alibaba internationally, with the failed $1.2 billion acquisition of remittance provider MoneyGram marking a key disappointment. Ma also drew ire and sparked a nationwide debate about work culture in China earlier this year when he urged tech company employees to work nights and weekends. “I expect a long, long ceremony with Jack showing up at the end – in dramatic style, of course,” says one Alibaba employee.
Read More
Australian cyber officials warned India against using Huawei: newspapers
002502 (Huawei Technology Company Ltd) | Reuters
Australian government officials advised India to ban Chinese technology maker Huawei Technologies Co Ltd [HWT.UL] from supplying parts for a rollout of a high-speed telecommunications network, Australian newspapers reported on Tuesday.
Read More
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* Companies mentioned: SoftBank, SHOP, AAPL, SPOT, MO, Brave Software, GOOG, FB, BABA and Huawei
As SoftBank Urges WeWork To Shelve Its IPO, It's Time To Think The Unthinkable
SoftBank Group | Zero Hedge
Also, the fact that the company has seen its cash burn grow just as fast as its revenue has hardly inspired confidence. The issue is that at the latest valuation cited of around $15-$20 billion, the Japanese venture capital conglomerate would be hopelessly underwater (it invested $2 billion this year at a $47 billion valuation), which explains SoftBank’s waning enthusiasm for a listing. “At least it’s for a good cause, right?” Well, the WeWork IPO does nothing other than prop up a Masayoshi Scheme (which is just a sophisticated Ponzi Scheme). Of course, in this day and age of infinite moral hazard, there is always Plan B:When is the BOJ's bailout of Softbank? After the Uber humiliation and the WeWork IPO fiasco, SoftBank's attempts to raise over $100 billion for its second Vision Fund to invest in technology start-ups, will be quietly put to rest.
Read More
Shopify acquires 6 River Systems for $450 million to expand its AI-powered fulfillment network
SHOP (Shopify Inc. Class A Subordinate) | Venture Beat
Shopify today announced it is acquiring 6 River Systems, a startup focused on fulfillment automation for e-commerce and retail operations. In June at its Unite partner and developer conference, Shopify announced the Shopify Fulfillment Network, which uses machine learning to ensure timely deliveries and lower shipping costs. Founded in 2015 by Jerome Dubois, Rylan Hamilton, and Chris Cacioppo, 6 River Systems is based in Waltham, Massachusetts. 6 River Systems had raised $46 million to date from Eclipse Ventures, Menlo Ventures, Norwest Venture Partners, and iRobot. Dubois and Hamilton were previously executives at Kiva Systems (Amazon acquired Kiva Systems for $775 million in March 2012).
Read More
Apple execs say App Store search has changed after new antitrust concerns come to light
AAPL (Apple Inc.) | CNBC
A Times analysis of App Store search data found that results for popular search terms often surfaced several Apple-made apps, even when they were less relevant to the search term that apps by competitors. The two Apple executives in charge of Apple's apps and the App Store told the Times in an interview they stopped the App Store search algorithm from stacking results with Apple-made apps in July. In May, Apple launched a new website that attempts to quell concerns over the fairness of its App Store. The site calls the App Store, "A store that welcomes competition," and responds to common criticisms of the product.
Read More
Spotify: The Future Is Content Creation
SPOT (Spotify Technology S.A.) | Seeking Alpha
I believe Spotify can increase operating leverage and user loyalty by integrating backward through the industry value chain. IndustryIn a simplified form the pre-internet music industry value chain can be broken into content creation, content discovery and promotion, content distribution and consumption. Figure 2: Digital Era Music Industry Value Chain(source: Created by author)Digital distribution has changed the dynamics of all media value chains and where profits accrue. Gimlet is one of the leading players in premium podcasts and gives Spotify a strong foothold in content creation. Anchor provides Spotify access to a large supply of low-cost content; users record, edit and host content, all Spotify has to do is index it.
Read More
UPDATE 3-U.S. doctors' group says just stop vaping as deaths, illnesses rise
MO (Altria Group Inc.) | Reuters
The AMA, one of the nation’s most influential physician groups, also called on doctors to inform patients about the dangers of e-cigarettes, including toxins and carcinogens, and swiftly report any suspected cases of lung illness associated with e-cigarette use to their state or local health department.
Read More
Decentralized Brave Browser Tops Chrome in Google Play Rankings in Japan
Brave Software Inc | Cointelegraph
The popularity of the decentralized blockchain-enabled web browser Brave continues to grow as it has outranked other browsers in Google Play rankings in Japan. Brave beats rival browsersAccording to a Reddit post on Sept. 8, this is the first time that the privacy-focused Brave browser has overtaken its rival browsers such as Firefox, Opera and Chrome in Japan. The most recent ranking data from Google Play shows that Brave sits comfortably at number 10 on the list, while its closest competitor Firefox lags behind, occupying 14th place. A Google Play ranking is determined by how well apps perform against several key metrics such as crash rates, app-not-responding rates, excessive WiFi, location or processing in the background. Brave Browser develops new crypto walletAt the end of August, Brave announced the development of its new cryptocurrency wallet for Ethereum-based tokens including Ether (ETH).
Read More
Google's New Nest Hub Max Raises Questions About How Much We Still Value Our Privacy
GOOG (Alphabet Inc) | Forbes
(After all, there’s a reason 50 attorney generals announced today that they were launching an anti-trust probe of the company.) Google’s New Nest Hub MaxIn May 2019, Google announced that it would fold Nest (which it has owned since 2014) into its smart home suite of devices, and this week the new Nest Hub Max was released for $229. But the Max does more than just stare at you or listen for you – it does both, and then some. Its camera allows you to make video calls, leave video messages, watch YouTube, access your Google accounts, and monitor your home. Just leave a message on the Hub Max and as soon as it sees their face it will remind them for you.
Read More
Facebook warns about iPhone privacy change that could unsettle Facebook users
FB (Facebook Inc) | CNBC
The blog post appears to be a way to get out in front of software changes made by Apple and Google that could unsettle Facebook users given the company's poor reputation for privacy. "Your Android or iOS location settings allow you to control when you share your device's precise location with apps like Facebook," a Facebook engineering director wrote in a blog post. The Facebook blog post also addressed Android, which also has new location features in its latest version, 10. Facebook's blog post also added that it might collect location information through alternative methods even if users turn off location settings on their device. "We may still understand your location using things like check-ins, events and information about your internet connection," according to Facebook's blog post.
Read More
Alibaba set for ‘big challenge’ as flamboyant chairman Ma departs
BABA (Alibaba Group Holding Limited) | Financial Post
The resignation plan announced by Ma last year was perceived as unusual as it is rare for a founder of such a big and transformative tech firm to retire this early. Under Ma’s leadership, Alibaba has grown to become Asia’s most valuable listed company, with a current market capitalisation of $460 billion. Ma struggled to expand Alibaba internationally, with the failed $1.2 billion acquisition of remittance provider MoneyGram marking a key disappointment. Ma also drew ire and sparked a nationwide debate about work culture in China earlier this year when he urged tech company employees to work nights and weekends. “I expect a long, long ceremony with Jack showing up at the end – in dramatic style, of course,” says one Alibaba employee.
Read More
Australian cyber officials warned India against using Huawei: newspapers
002502 (Huawei Technology Company Ltd) | Reuters
Australian government officials advised India to ban Chinese technology maker Huawei Technologies Co Ltd [HWT.UL] from supplying parts for a rollout of a high-speed telecommunications network, Australian newspapers reported on Tuesday.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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