The number of workers in the so-called gig economy will grow substantially in the coming years, according to a study by Intuit and Emergent Research. By 2021, the study finds, 9.2 million people are going to be working the frontline jobs at companies like Uber and Lyft. That number is projected to be 4.8 million this year. From a report: The rise in on-demand workers has been fueled largely by startups like Uber, TaskRabbit and Airbnb. It has also helped companies like Intuit, which makes tax software QuickBooks and TurboTax. The company's stock surged to an all-time high yesterday thanks to the gig economy. For context, there are currently more gig workers than people employed in the entire information sector (which includes publishing, telecommunication and data processing jobs) and IT services combined, according to data from the Bureau of Labor Statistics. Also read: A recent piece on The New Yorker which talks about the lengths to which people are willing to go to survive in such jobs -- a horrifying culture that is often celebrated in those companies.
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RadioShack, an almost 100-year-old American chain of wireless and electronics stores, had a hell of ride at retail. The cradle of building your own electronics at home, and an early participant in the PC revolution, is finally facing the end after a long, slow death at the hands of consumer disinterest, a dysfunctional marriage with Sprint. From a report: Tons of electronics stores have shuttered over the past decade, but few are as tragic as RadioShack, which filed for bankruptcy in 2015, appeared to be rescued by Sprint in agreement to co-share the stores, then got kicked to the curb and had to file for a second bankruptcy this past March. The new agreement means hundreds of RadioShack shops will officially close down and be replaced by Sprint stores, fizzling out dreams of the Maker movement. So while this is an end to another chapter of our American electronics retail culture, we do have to wonder: how are the folks at RadioShack doing? They have been selling the leftover stocks of electronics for a while, with only mostly store fixtures, ladders, and carpet tiles seemingly left on offer. This is what RadioShack posted earlier this month. The company has since been tweeting about the leftover stuff it has up on sale, though.
You may remember Disney's boss revealing that hackers had threatened to leak one of the studio's new films unless it paid a ransom. Bob Iger didn't name the film, but it was thought to be "Pirates of the Caribbean: Dead Men Tell No Tales." But now Iger says: "To our knowledge we were not hacked." From a report: Disney chairman-CEO Bob Iger confirmed Thursday that a hacker claiming to have stolen an upcoming Disney movie and demanding a ransom didn't appear to have the goods. "To our knowledge we were not hacked," Iger told Yahoo Finance. "We had a threat of a hack of a movie being stolen. We decided to take it seriously but not react in the manner in which the person who was threatening us had required." Iger continued, "We don't believe that it was real and nothing has happened." On May 15, as first reported by The Hollywood Reporter, Iger told ABC employees at a town hall meeting in New York that someone claiming to have stolen an upcoming movie would release the film on the internet unless the company paid a ransom. Iger told staff that the studio wouldn't meet any such demands.
Facebook CEO Mark Zuckerberg has become the latest major tech figure to call for universal basic income as a solution for inequality, joining a growing chorus from Silicon Valley. From a report: "Every generation expands its definition of equality. Now it's time for our generation to define a new social contract," Zuckerberg said during his commencement speech at Harvard University. "We should have a society that measures progress not by economic metrics like GDP but by how many of us have a role we find meaningful. We should explore ideas like universal basic income to give everyone a cushion to try new things," he said. Zuckerberg told the class of 2017 that he was able to pursue his passion in Facebook because he knew he had a safety net to fall back on.
Virginia Senator Mark Warner has introduced a bill that will give basic benefits to gig workers. "Warner has just proposed the first-ever piece of national legislation aimed at helping on-demand and other non-traditional workers without traditional benefits, like paid sick days or a retirement plan, have some sort of a safety net," reports TechCrunch. "The bill asks the federal government to set aside $20 million in funding for organizations to use to look at the types of benefits programs individual workers could take with them from job to job." From the report: "[Portable benefits is] that emergency fund," Warner told BuzzFeed, which first reported news of the bill. "It might be a fund to take care of a disability if you get hurt. It might work with some existing retirement programs. Part of it would be, depending on what happens with Obamacare, an ability to help deal with health care expenses. I think there will be a variety of models." The funding wouldn't be enough to cover everyone, of course, but if it gets the green light a draft of the bill indicates it would earmark $5 million toward grants doled out by Labor Secretary Alexander Acosta for organizations already looking into portable benefits and $15 million for new programs.
Amazon has opened two drive-up grocery stores to the public that will allow Amazon Prime subscribers to place an online order and choose a two-hour pickup window for when they'd like to drive over and retrieve it. The Verge reports: Despite the stores being called "AmazonFresh Pickup," a membership to the company's home delivery grocery service isn't required. But if you do pay for AmazonFresh (an extra $14.99 per month on top of Prime's usual cost), your groceries will be ready within 15 minutes. Regular Prime customers have to wait at least two hours before the earliest pickup window becomes available. According to The Seattle Times, the first time you visit one of the two AmazonFresh Pickup locations, a concierge will enter your name and vehicle's license plate number into Amazon's systems. That way, during subsequent visits a license plate reader will automatically identify you and signal to employees that they should bring your order out to your car. The Times notes that this license plate scanning can be disabled from Amazon's website.
The UK must keep its doors open to top talent from around the world if its technology firms are to thrive, Apple's chief designer has told the BBC. An anonymous reader shares the article: Sir Jonathan Ive, who has just been appointed Chancellor of the Royal College of Art, also said that technology hubs like Silicon Valley had a "tremendous cultural diversity". Some technology firms fear they may lose access to talent after Brexit. "That general principle [on access] is terribly important for creating a context for multiple companies to grow and in a healthy way explore and develop new products and new product types," Sir Jonathan told BBC Radio 4's Today programme. Sir Jonathan said the UK had a "fabulous tradition of design education", but that it needed to do more to become a technology hub on a par with Silicon Valley in California, where the likes of Apple, Facebook and Google are based. "I think Silicon Valley has infrastructures to support start-up companies... ranging from technological support through to funding," he said. "And there is the sense that failure isn't irreversible, so very often people will work on an idea, and there isn't the same sense of stigma when one idea and perhaps one company doesn't work out."
Sara Fischer, writing for Axios: Cord-cutters are ditching their cable packages at the fastest rate ever, opting instead for cheaper, bundled digital TV options, according to the latest Magid Broadcast Study. The trend reflects consumers' preferences to ditch bundled cable packages for more affordable, niche bundled services that can be accessed on TV box tops or on mobile. For consumers, there are more bundled packages than ever, all popping up around similar price ranges. YouTube TV and Hulu TV launched within the past two month, joining the likes of SlingTV and DirectTV Now -- all at a roughly $40 monthly price point -- a bargain considering the average American pays $92 monthly for cable.
Aaron Pressman, writing for Fortune: It seems nobody loves their cable TV or home Internet provider. Wireless carriers, however, are on the upswing.That's the news from the huge annual survey of 43 industries from the American Customer Satisfaction Index. In 2017, cable operators and ISP tied for last place, with an average customer satisfaction rating of just 64 percent. The wireless industry was still near the bottom of the rankings, in 38th place, just below the U.S. postal system. But its 73 percent score was up almost three percentage points from last year. Many of the same companies, like Comcast and Verizon, dominate both fields, ACSI noted. And neither industry offer much choice to consumers, with most localities having only one or two cable and Internet providers. The cable industry's rating slipped 1.5 percentage points from last year, while the rating for ISPs was unchanged.
An anonymous reader writes: In another intraday jump of more than $200, bitcoin surged to a record Thursday on strong Asian demand overnight. Bitcoin jumped more than 10 percent to an all-time high of $2,752.07, more than twice its April 30 price of $1,347.96 according to CoinDesk. The digital currency last traded near $2,726. At Thursday's record, Bitcoin has now gained more than 45 percent since last Thursday and more than 180 percent for the year so far. "There is no question that we are in the middle of a price frenzy," said Brian Kelly of BKCM, in a note to clients Thursday. "There will be a correction and it could be severe, but it's unclear if that correction will start from current prices of $2700 or from some place much higher."
Facebook has signed deals with Vox Media, BuzzFeed, ATTN, Group Nine Media and others to make shows for its upcoming video service, which will feature long and short-form content with ad breaks. The social media company is reportedly set to pay up to $250,000 for the longer, scripted shows. Reuters reports: Facebook is planning two tiers of video entertainment: scripted shows with episodes lasting 20 to 30 minutes, which it will own; and shorter scripted and unscripted shows with episodes lasting about 5 to 10 minutes, which Facebook will not own, according to the sources. For the second tier of shorter shows, Facebook will pay $10,000 to $35,000 for each show and give creators 55 percent of revenue from ads, the sources said. Ads will run during both the long-form and short-form shows.
An anonymous reader shares an article: Andy Maguire faces a challenge: tasked with upgrading HSBC's digital-banking systems, he has discovered that customers are twice as likely to trust a robot for heart surgery than for picking a savings account. "I do find it slightly odd," said the chief operating officer of Europe's largest bank, referring to its survey of more than 12,000 consumers in 11 countries published this week. Just 7 percent of respondents would trust a robot with their savings, versus the 14 percent willing to submit to a machine for heart surgery. "You think, gosh, one would've imagined the world had moved on further or was moving faster than that," Maguire said in an interview. While consumers tend naturally to trust medical professionals, the "bar is pretty high" for banks dealing with people's money, he said. Banks around the world are spending billions of dollars to bolster creaking computer systems in a push to ward off startup competitors and cut long-term operating expenses. But consumers and regulators are holding them to ever-higher standards of security and convenience, driving the cost of overhauls higher and potentially eroding any savings.
In an effort to fill the demand for trained data scientists, Airbnb will be running its own university-style program, complete with a custom course-numbering system. Since traditional online programs like Coursera and Udacity weren't getting the job done because they weren't tailored to Airbnb's internal data and tools, the company "decided to design a bunch of courses of its own around three levels of instruction for different employee needs," reports TechCrunch. From the report: 100-level classes on data-informed decision making have been designed to be applicable to all teams, including human resources and business development. Middle-tier classes on SQL and Superset have enabled some non-technical employees to take on roles as project managers, and more intensive courses on Python and machine learning have helped engineers brush up on necessary skills for projects. Since launching the program in Q3 2016, Airbnb has seen the weekly active users of its internal data science tools rise from 30 to 45 percent. A total of 500 Airbnb employees have taken at least one class -- and Airbnb has yet to expand the program to all 22 of its offices.
An anonymous reader quotes a report from Windows Central: Over the last few days, Thunderbolt 3 has been a hot topic amongst Windows users especially with its notable absence with the new Surface Pro and Surface Laptop. Part of the problem is adoption, integration, cost, and consumer confusion according to Microsoft. Intel is aware of the current roadblocks to Thunderbolt 3 implementation, which adds 40Gbps data transfers along with charging and display support for USB Type-C. Today, the company announced numerous changes to its roadmap to speed up its adoption, including: Dropping royalty fees for the Thunderbolt protocol specification starting next year; Integrating Thunderbolt 3 into future Intel CPUs. The good news here is that Intel is dropping many of the roadblocks with today's announcement. By subtracting the licensing costs for Thunderbolt 3 and integrating into the CPU, Intel can finally push mass adoption. Getting back to Microsoft, Intel noted that the two companies are already working closely together with the latest Creators Update bringing more OS support for the protocol. Roanne Sones, general manager, Strategy, and Ecosystem for Windows and Devices at Microsoft added that such cooperation would continue with even more OS-level integration coming down the road.
Imzy, a social media site led by ex-Reddit employee Dan McComas, announced on Wednesday that it will be closing its doors next month. The site was launched last year with much fanfare. Imzy sought to offer a community that didn't have trolls, one of the reasons that led McComas to leave Reddit two years ago. Ever since its launch, Imzy struggled to gain traction. According to web analytics firm SimilarWeb, the website was visited less than 400,000 times last month. McComas didn't elaborate why his service was shutting down, though he wrote: Some of you have been here since our launch into beta and some are brand new. We've loved getting to know all of you and seeing you build communities and make new friends. Unfortunately, we were not able to find our place in the market. We still feel that the internet deserves better and hope that we see more teams take on this challenge in the future.
An anonymous reader writes: The United States' slice of the international tourism pie is declining, according to a new report from Foursquare that looks at data from millions of phones worldwide. The US share of international tourism dropped 16% in March 2017 compared with the previous year. And it declined an average of 11% year over year in months spanning October 2016 to March 2017, according to the report. The drop coincides with the final month of the US election, the Trump transition, and the early months of the Trump administration, which notably imposed a travel ban on people from several majority-Muslim countries in January 2017 that was eventually halted in court but is currently under appeal. Declines in tourism market share from people originating in the Middle East were more pronounced than the rest of the world, down 25% this January, along with a smaller decrease from South America, Foursquare found. The data accounts for the percentage of international tourism coming to the US and not the absolute number of tourists, but Foursquare CEO Jeff Glueck told BuzzFeed News that it's unlikely tourist visits to the US increased while share declined. "I don't think you'd see a 16% decline in international market share and absolute numbers being up. I don't think that's compatible," he said. "The volume of tourism doesn't change that fast."
Amazon's first New York City bookstore, Amazon Books, will open to the general public on Thursday morning, marking Amazon's highest-profile move into bricks-and-mortar retail to date. Even as the book shop is a physical bookstore, some "Amazon" elements can be felt. From a report: While some may be excited that this is an "Amazon Store," similar to Apple and Microsoft's respective flagship stores located just blocks away, Amazon says its goal for the new store is the same as it was when the online retail giant first started two decades ago: To sell books. "We have this 20 years of information about books and ratings, and we have millions and millions of customers who are passionate," said Jennifer Cast, vice president of Amazon Books. "It really is a different way to surface great books." The 4,000 square-foot-store features roughly 3,000 books, all with their covers facing out in order to better to "communicate their own essence," Cast says. The company's recommendation system makes a physical appearance in the bookstore through an "if you like this" section, which combines the data Amazon gathers on the books listed with human curators to recommend new books. To someone who walks in to browse, it feels like a high-tech Barnes and Noble.
According to the International Renewable Energy Agency's (IRENA) annual report, the renewable energy industry employed 9.8 million people last year, which is up 1.1 percent from 2015. The strongest growth was seen in the solar photovoltaic category with 3.09 million jobs. Bloomberg reports: Here are some of the highlights from the report: Global renewables employment has climbed every year since 2012, with solar photovoltaic becoming the largest segment by total jobs in 2016. Solar photovoltaic employed 3.09 million people, followed by liquid biofuels at 1.7 million. The wind industry had 1.2 million employees, a 7 percent increase from 2015. Employment in renewables, excluding large hydro power, increased 2.8 percent last year to 8.3 million people, with China, Brazil, the U.S., India, Japan and Germany the leading job markets. Asian countries accounted for 62 percent of total jobs in 2016 compared with 50 percent in 2013. Renewables jobs could total 24 million in 2030, as more countries take steps to combat climate change, IRENA said.
miller60 writes: The Open19 Foundation launched today, positioning its open hardware designs as a platform for edge computing, and an alternative to the Open Compute Project and hyperscale designs. The Open19 designs were created by the data center team at LinkedIn, citing its focus on a 19-inch rack and licensing terms that it said allow participants better control over their intellectual property. Open Compute develops the 21-inch Open Rack but is also supporting several designs for 19-inch racks, including the Project Olympus concept contributed by Microsoft, LinkedIn's parent company. According to Fortune, the Open19 Foundation is a new group established by LinkedIn, Hewlett Packard Enterprise, and General Electric. Its purpose is to make it easier for businesses to buy data center hardware and to encourage companies to build data center hardware more uniformly so that it fits in standardized data racks. The racks themselves are used by businesses to house their computing gear, such as servers and routers. The 19-inch rack is the most commonly used.
An anonymous reader quotes a report from Bloomberg: Uber Technologies Inc. said it underpaid its New York City drivers by improperly calculating the company's share of passenger fares, and will pay out an average of $900 per driver in restitution, costing tens of millions of dollars. The back pay could run at least $45 million, based on the approximately 50,000 drivers the Independent Drivers Guild says work in New York City. The ride-hailing company has previously misled drivers about how much they could make and miscalculated fares. In this case, Uber was taking its cut of fares based on the pretax sum, instead of after taxes and fees as stated in its terms of service. The issue was also raised in a lawsuit against San Francisco-based Uber filed by the New York Taxi Workers Alliance. In March, Uber acknowledged that it had underestimated drivers' pay in Philadelphia by millions of dollars. "We are committed to paying every driver every penny they are owed -- plus interest -- as quickly as possible," Rachel Holt, Uber's head of U.S. operations, said in a statement. "We are working hard to regain driver trust, and that means being transparent, sticking to our word, and making the Uber experience better from end to end."