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10 ways industries are changing in response to Covid-19

Covid-19 is transforming the global economy, halting some industries temporarily and changing some for good. Sectors such as travel, hospitality, and retail experienced sharp declines in revenue that were mostly unavoidable. Software and cloud-computing businesses thrived as nearly every company’s digital operations expanded. And sectors like banking...

Tech titans have fallen out of favor in the Time 100

Tech leaders are looking a lot less influential—at least, that’s the case if you pore through Time magazine’s annual list of the world’s 100 most influential people. While the subjective ranking is more art than science, the list is an indicator of who and what is soaking up readers’ attention and adoration. And this year, it’s not tech.https://datawrapper.dwcdn.net/XqHmr/2/The...

Tesla is preparing to take over the world with its new battery—just not yet

At Tesla’s “Battery Day” yesterday, attention was on two magic numbers: $100 per kilowatt-hour and 1 million miles.Battery costs need to come down to around $100 per kWh for electric vehicles (EVs) to reach cost parity with internal combustion engines. And a battery that lasts 1 million miles will eliminate owners’ worries about durability and transform...

A ballot measure backed by Uber and Lyft is now the most expensive in California history

As Uber and Lyft continue to battle with regulators over the employment status of drivers, they’re going directly to California voters with a costly campaign to keep front-line workers classified as independent contractors.Gig companies Uber, Lyft, DoorDash, and Instacart have together spent at least $170 million to back Proposition 22. The ballot measure...

Why Quibi failed

Quibi, the short-form mobile streaming service, may be a short-form company. Just five months since its launch, Quibi is exploring several “strategic options,” including a sale, the Wall Street Journal reported yesterday.Since its US debut in April, Quibi seemed destined for such an ending. It badly missed subscriber and viewership targets and in June...

As the rest of the economy sinks under Covid-19, most startups are doing just fine

While the coronavirus pandemic has ravaged much of the world economy—forcing mass layoffs, government bailouts, and a wave of bankruptcies and business closures—most venture capital-backed startups have skated by entirely unscathed.To put a precise number on it, 52% of startups have been positively impacted by the pandemic or seen no impact to speak...

The TikTok deal’s real winner is Larry Ellison

As the dust settles on the saga of TikTok’s fate in the US, one company has emerged as a clear winner: Software-maker Oracle has, with help from the federal government, wrested TikTok’s cloud storage contract away from Google, and emerged with a 12.5% stake in the world’s hottest social media app.These developments are a major coup for Oracle chairman...

India’s most-valued unicorn accuses Google of misusing its dominance

Softbank-backed digital payments firm Paytm has said Google temporarily removed its app from its Play Store without any warning and forced it to comply with its mandate.“This will be familiar to all Indian internet companies since they face similar arm-twisting and fear of Google’s dominance over India’s digital ecosystem every day,” Paytm said in a...

Follow these steps to supercharge your wifi

There was a time when obsessing over internet speed was a niche sport. Just years ago, idle bros were bragging about their Ookla speed readings as a “yardstick of virility,” gamers were trading tips on how to shave milliseconds off their ping rate, and geopolitics wonks were fretting over their country’s place in global internet connection rankings.But...

Trump banned Tiktok and WeChat—what now?

Donald Trump banned TikTok and WeChat.  Sort of. For now.The move is months in the making: Trump has been threatening to ban TikTok and WeChat over concerns they threaten US national security by giving China a chance to spy on the US. On Sunday, it seemed TikTok might have reached a deal to partner with US software firm Oracle and avoid a ban—but today,...

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