Category Archives: Business

Snap’s Valuation

How a Money-Losing Snap Could Be Worth So Much: By the end of 2016, Snapchat had 158 million daily active users. By comparison, Instagram, probably the closest comparison and a formidable competitor to Snapchat, had about 30 million users when Facebook bought it in 2012 for what was then considered an eye-popping price of $1 […]

Greyball

How Uber Deceives the Authorities Worldwide: At the time, Uber had just started its ride-hailing service in Portland without seeking permission from the city, which later declared the service illegal. To build a case against the company, officers like Mr. England posed as riders, opening the Uber app to hail a car and watching as […]

Figure Out the Money, Twitter

Twitter Struggles to Capitalize on Influence and Posts Lackluster Earnings: Sports fans were glued to it during the Super Bowl. Millions used it to track American election night results. In the morning, the president of the United States sends a daily missive in the form of a tweetstorm. “You don’t go a day without hearing […]

“expanding” as a euphemism for “outsourcing”

Zenefits Is Laying Off Almost Half Its Employees: Zenefits will lay off 45% of its employees in an effort to slash costs, according to an internal memo this morning that was obtained by BuzzFeed News, a stark acknowledgment by the embattled human resources startup that its onetime expectations for growth were vastly inflated. Roughly 430 […]

Millenials be loving vinyl.

The Economist’s Prospero blog explains it’s millenials, not baby boomers, who are driving the boom in vinyl sales: Many consider nostalgia the driving force behind this uptick. Turntables are cheap and easy to get hold of (a Crosley costs less than $100 on Amazon) and so furnish baby boomers with a good excuse to dust […]

Your Stuff, Your Responsibility

Apple will replace a lost AirPod for $69: Following a slightly delay, Apple’s wireless AirPods are ready to order. They’re small and sleek, but the lack of cords has put a nagging thought in the back of my mind: I am guaranteed to lose one, if not both within a few weeks. If you’re equally […]

“spirals of iridescent spheres that folded in on themselves…”

A Dose of a Hallucinogen From a ‘Magic Mushroom,’ and Then Lasting Peace: None of those possibilities fit Kevin, who had a bone-marrow transplant for acute myeloid leukemia. It sent his cancer into remission, but left him with graft-versus-host disease. Suffering from chronic pain and fatigue, Kevin, 57, who lives in central Michigan and asked […]

If you think an orange-faced, New York billionaire has the common peoples’ interests in mind I have some things I’d like to sell you.

Trump voter lost home, blames incoming Treasury secretary: When Donald Trump named his Treasury secretary, Teena Colebrook felt her heart sink. She had voted for the president-elect on the belief that he would knock the moneyed elites from their perch in Washington. And she knew Trump’s pick for Treasury — Steven Mnuchin — all too […]

FitPebbles

Pebble Supporters Are Pissed Over Rumors It Will Sell Itself: Pebble, the maker of the original e-ink smartwatch, has a lot of passionate and loyal customers, and those customers are pissed. Following the rumors that Pebble is about to crumble under the heel of Fitbit, the company’s many Kickstarter backers are in an uproar. As […]

The wires have been cut.

The New York Times is buying The Wirecutter for $30 million: The New York Times is buying The Wirecutter, a five-year-old online consumer guide. The Times will pay more than $30 million, including retention bonuses and other payouts, for the startup, according to people familiar with the transaction. Brian Lam, a former editor at Gawker […]

Home Field Advantage

ProPublica set out to see how Amazon’s software was shaping the marketplace: We looked at 250 frequently purchased products over several weeks to see which ones were selected for the most prominent placement on Amazon’s virtual shelves — the so-called “buy box” that pops up first as a suggested purchase. About three-quarters of the time, […]

“They all got addicted to crack.”

The Netflix Backlash: Why Hollywood Fears a Content Monopoly: Still, at a time when business is tough all over in the entertainment industry, there is a lot of gratitude for a deep-pocketed buyer that is snapping up an array of material, much of which might not find a home elsewhere. Netflix and its chief content […]

Microsoft Is Kicking Ass with Their Phones

It looks like Microsoft is kicking ass with their mobile phone division: Microsoft is cutting 2,850 more jobs beyond the 1,850 that the company announced would be eliminated earlier this year. The new cuts will hit phone hardware and sales. The entire computer world has moved to mobile, with everyone on either iOS or Android, […]

Hell Yes to Getting Lit on a Monday Night

Regular readers of Daily Exhaust know I’m not a fan of Microsoft. I feel this way for a lot of reasons. I think they’re always a day late and a dollar short with new products (see Windows Phone, Nokia, Microsoft Stores, etc), they historically have not valued design, and every attempt at being cool ends […]