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On managing outrage in Silicon Valley
Aug 07, 2:47AM
I hate sexism; it can’t be eradicated fast enough. I’m also frustrated that there’s still far too little diversity in Silicon Valley. Yet a newer form of discrimination is starting to greatly alarm me, and that’s discrimination against anyone with a point of view that’s deemed offensive to the tech majority. You know already what I’m talking about: people… Read MoreIn its push to compete in Southeast Asia, WeWork is pouring $500 million into the region
Aug 07, 2:18AM
Less than two weeks ago, WeWork took the wraps off a new massive round of funding — $500 million from the Chinese private equity firm Hony Capital, the Japanese internet giant SoftBank, Greenland Holdings, and China Oceanwide. Now, the company is announcing that it’s pouring that exact amount — $500 million — into expanding into Southeast Asia and Korea. As part of… Read More10 Members of Congress rake FCC over the coals in official net neutrality comment
Aug 06, 9:48PM
How and to what extent the FCC should regulate the internet has been a hot question for years, and the present administration is proposing to eliminate the 2015 Order that created net neutrality rules. But Congress isn’t going to take that lying down: 10 Representatives who helped craft the law governing the FCC itself have submitted an official comment on the proposal ruthlessly… Read MoreA smartwatch won't fix what's broken with Fitbit
Aug 06, 9:47PM
Fitbit’s Q2 earnings could have been worse. Unlike Q4 of last year, the company didn’t use the opportunity to announce that it would be laying off six percent of its staff. Still, things are bad. As we pointed out earlier in the week, the company’s stock price is little more than 10 percent of its 2015 high. Read MoreSeattle study puts down some common criticisms of Airbnb-style renting as regulations loom
Aug 06, 5:13PM
Airbnb may have put its foot in its mouth before when it comes to communicating the benefits it brings to cities, but it’s hard to argue with raw, uncut science. A new study from the Internet Association, a trade group comprising many online properties including Airbnb, takes a hard look at housing stats in Seattle and bats away a few issues commonly brought up regarding the service. Read MoreAfrica has entered the space race, with Ghana's first satellite now orbiting earth
Aug 06, 4:30PM
The GhanaSat-1―Ghana’s first satellite―began its orbit recently, with a little help from some friends. The cubesat, built by a Ghanaian engineering team at All Nations University, was delivered to NASA’s International Space Station in June on a SpaceX rocket that took off from pad 39a at Kennedy Space Center, a NASA spokesperson confirmed. The GhanaSat-1 deployed into orbit… Read MoreBeyond the boring blockchain bubble
Aug 06, 1:00PM
The silly season continues. Speculators are piling into the cryptocurrency space in the hopes of–sometimes very literally–making money fast. As I write this Ethereum’s value has halved since June but is still 20x since January. Litecoin is up 12x since then. Even Bitcoin has tripled, again. It seems like everyone now has an opinion on, and a position in… Read MoreEscher Reality is building the backend for cross-platform mobile AR
Aug 06, 10:51AM
Y Combinator-backed, MIT spin-out Escher Reality is building a cross-platform toolkit and custom backend for mobile AR developers — aiming to lower the barrier to entry to building “compelling experiences”. Read MoreTravis Kalanick reportedly sought to reassert control at Uber after ouster
Aug 05, 10:52PM
Just under two months after resigning from Uber, former CEO Travis Kalanick has reportedly asked some former colleagues if they would support him in a potential shareholder battle, according to a new report by The Information. You’ll periodically find these kinds of proxy fights happening at public companies, but after his ouster, it appears that Kalanick still may want to try to gain… Read MoreThis startup wants to modernize the hotel industry
Aug 05, 9:25PM
Calling for room service is kind of annoying, though it’s one of the most first world-type of problems one could have. But that’s just to say the hotel industry is behind, technologically speaking. Startup AavGo is trying to fix that by bringing iPads into hotels to enable hotel staff to communicate among themselves, as well as enable hotel guests to easily communicate with… Read MoreThere's a manifesto criticizing Google's diversity efforts circulating inside the company
Aug 05, 9:15PM
A screed from a Googler against the company’s diversity policies appears to be circulating internally at the company, according to Gizmodo, which has published the memo. Motherboard first reported on the existence of the document making the rounds, which Googlers condemned on Twitter. In it, the author of the “manifesto” appears to try to argue that the gender gap in… Read More7 ways CRISPR is about to change our world
Aug 05, 7:07PM
Would you eliminate cancer if you had the power to do it? How about ridding the world of HIV or wiping out Zika-carrying mosquitos? CRISPR, a new gene editing technique helping scientists snip out unwanted DNA fragments with surgical precision, promises to do just that — and it could radically change our world in the very near future. This new technology could touch everything from the… Read MoreAll the major cases where an LTE-enabled Apple Watch would be great
Aug 05, 6:53PM
Apple is reportedly working on an Apple Watch that won’t have to be tethered to your phone for data, freeing that small fitness tracker on your wrist from the oppressive confines of having to carry around a now-critical piece of technology for operating in your daily life. This will probably have repercussions for the battery life of the watch that you have to charge every evening. We… Read MoreSnap's earnings this week will once again test its place in the advertising universe
Aug 05, 6:30PM
Snap will report its second earnings report this week, which will once again look to answer the question: is there room on the advertising spectrum for Snap? The answer during its last earnings report (its first as a public company) was a resounding to be determined. The company’s stock has been hammered in the past several months falling well below its IPO price, which is not great… Read MoreMarkets are strong, but big startup M&A deals just aren't happening
Aug 05, 4:30PM
Public markets are riding high, and many big tech acquirers are flush with cash. However, it’s a very dull year for big acquisitions of private technology companies. The unicorn M&A scene looks particularly sluggish and valuation-challenged: seven months into 2017 and we’ve seen just one big unicorn M&A deal. But it’s not just the unicorn space where big deals… Read MoreHow Apple could become a $1 trillion company
Aug 05, 3:18PM
Apple reported its earnings this week, and with a surprisingly positive report the shares spiked again as Apple signaled a potential huge iPhone release. With that jump, Apple’s market cap is now over $800 billion. This year alone, shares of Apple are up almost 35%. If Apple’s promise plays out — or exceeds — what Wall Street hopes for the September quarter, we may soon… Read MoreTesla lowers Model X base price due to improved margins
Aug 05, 1:34PM
Tesla has lowered the entry-level price of the Model X SUV, from $82,500 to $79,500. The $3,000 price drop is the result of improved margins for the electric vehicle, which the company achieved thanks to “efficiencies” achieved in the manufacturing process, Reuters reports. Tesla’s Model X and Model S sales performance were areas of key interest during the company’s… Read MoreBitcoin breaks $3,000 to reach new all-time high
Aug 05, 4:59AM
Bitcoin has reached a record high valuation of $3,000 per coin to complete a rollercoaster week that begin with the long-awaited split of the cryptocurrency. A number of exchanges, including popular destinations Coinbase and Kraken, valued a single bitcoin at over $3,000, an all-time high that is up $485 on the valuation one month ago. Earlier this year, Bitcoin surged to surpass $2,000 for… Read MoreWhy Science is turning to ICOs for its incubator
Aug 05, 3:37AM
There has been a wave of startups turning to initial coin offerings, known as ICOs, to raise funding through digital currency and now at least one fund is doing this, too. Science Inc., the LA-based team co-founded by Peter Pham and Mike Jones, which has incubated startups like Dollar Shave Club, DogVacay and Wishbone, is launching a fund for blockchain startups and plans to raise the… Read MoreCrunch Report | Coinbase Reverses Stance on Bitcoin Cash
Aug 05, 3:00AM
Coinbase reverses its stance on Bitcoin cash, Grubhub buys Eat24 for $287.5 million from Yelp and Toyota takes 5 percent stake in Mazda. All this on Crunch Report. Read More
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