Uber — a bezzle — projected $8b in losses this year; but it lost more than $5b in a single quarter, and despite an initial stock price rise (dead cat bounce?) the company’s shares have tumbled by more than 10% since, hitting an all-time low. Engineers who were scheduled to interview at Uber have had those interviews canceled by the company’s HR department, who told them the company now has a tech-worker hiring freeze. (Image: Tarcil, CC BY-SA, modified) (via Naked Capitalism)
Automattic (beloved parent company of WordPress) is buying Tumblr from Verizon (loathesome parent company of Oath, a division named because its users are generally angry enough to swear at it), at a price “well below” $20m (which is well below the $1.1b Yahoo paid in 2013). No word as to whether Automattic will get rid […]
After NYC raised its minimum wage from $7.25/h to $15/h this year — the largest pay hike for low-waged workers in half a century — the city’s restaurants boomed, posting the highest growth levels in the country.
Uber says it can be profitable someday: all it needs to do is corner the “total addressable market” for all transportation and food delivery, which will give it $12t in annual revenue, which is 15% of all global transactions.
Your phone doesn’t have to be the only smart piece of tech in your pocket. We regularly take pens, lighters, and wallets for granted, but here are 10 portable items that improve on those everyday bits of gear and others just like them. TEC Accessories The Orbiter™ Pinstripe Magnetic Fidget Device Tired of that same […]
The secret’s out. Increasingly, people are relying on hemp-derived cannabidiol, or CBD, as a way to not just deal with pain but everyday stress. Admittedly, it can be hard to find a reliable source of the stuff in a still-unregulated marketplace. But here are a few top picks, a roundup of tasty (and largely natural) […]
Everybody wants to rule the world, but only one video game lets you do it in style – and even peacefully if you’re savvy enough with your cultural dominance. Sid Meier’s Civilization is on its fifth sequel and counting for good reason. No two games are alike thanks to the random mapping and numerous special […]