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In 2007, Apple unveiled the iPhone.
Apple didn’t invent the smartphone — companies like Palm and Blackberry had been selling them for years. But the iPhone introduced a totally new way to interact with computers. The always-on internet connectivity, finger-friendly touch screen, and interface based around clickable app icons all seem commonplace now. But at the time, the whole package felt revolutionary. READ MORE
A Johns Hopkins doctor believes that Covid-19 will be “mostly gone” two months from now.
In an op-ed for the Wall Street Journal on Friday, Dr. Marty Makary — a surgeon and a professor at the Johns Hopkins School of Medicine and Bloomberg School of Public Health — argues that there are actually many more than the 28 million confirmed cases of the coronavirus in the U.S., possibly as much as 6.5 times more than that number. Between that group, and the roughly 15 percent of the country which has already received one dose of the vaccine, Makary argues that much of the nation is already protected from the virus. READ MORE
From AI's increased use in healthcare, finance and HR to the challenge of talent acquisition and the growing importance of structured and unstructured data, 16 AI startup founders reveal their artificial intelligence trends for 2021. READ MORE
The descendants of Walmart founder Sam Walton saw their fortunes shrink by $11 billion on Thursday, after the world's largest retailer reported profits that fell short of expectations and said it would ramp up spending in the year ahead. READ MORE
Citigroup lost a court battle Tuesday to claw back $504 million it mistakenly wired to Revlon's lenders in August. But don't get your hopes up that you could keep a chunk of change accidentally placed in your bank account.
A federal judge ruled that the wire transfers made by Citi (C), who was acting as Revlon's loan agent, were "final and complete transactions, not subject to revocation." However, in most instances of mistakenly receiving wired transfers, that's not the case. In fact, you would have to pay the money back — or face criminal charges. READ MORE
Attorneys representing embattled Theranos founder Elizabeth Holmes have fired back again in an attempt to prevent prosecutors from detailing the one-time billionaire’s “wealth, spending, and lifestyle” as they try to prove a motive for her alleged fraud, court papers show.
The defense team’s late Tuesday filing is the latest back-and-forth over the matter, which was first introduced by Holmes’ attorneys in a November 2020 motion, and argues that the government is hoping to “invite a referendum on startup and corporate culture,” the document states. READ MORE
Today, many organizations still believe that money is the only motivation. One would think that a higher compensation would produce better results, but research shows the link between motivation, compensation, and performance is much more complex than most organizations realize. Money is often correlated with the idea of status and power — but often, people are motivated more by the power than the actual money. READ MORE
As early indicators point to a strong recovery that will create a “supercharged” economy once the coronavirus crisis slows down, Moody’s Analytics chief economist Mark Zandi says that the biggest risk to that recovery isn’t the runaway inflation that has many experts sounding alarm bells but a dangerous surge in asset values. READ MORE
An Israeli company unveiled the first 3D-printed rib-eye steak on Tuesday, using a culture of live animal tissue, in what could be a leap forward for lab-grown meat once it receives regulatory approval. READ MORE
In 1997, the year Amazon (AMZN) became a publicly traded company, CEO Jeff Bezos promised investors they would be in for a journey. Amazon would not chase short-term profits, he warned in a letter to shareholders. It would focus "relentlessly" on customers. It would act with urgency but prioritize long-term investments. And it would run a lean culture that minimized costs and cut waste.
A quarter-century later, Bezos's approach has made Amazon a global behemoth that employs more than a million people and touches almost every aspect of modern life, a fact that's become even more apparent during the pandemic. READ MORE
The U.S. Navy has patents on weird and little understood technology. According to patents filed by the Navy, it is working on a compact fusion reactor that could power cities, an engine that works using “inertial mass reduction,” and a “hybrid aerospace-underwater craft.” Dubbed the “UFO patents, The War Zone has reported that the Navy had to build prototypes of some of the outlandish tech to prove it worked. READ MORE
Reddit favorite GameStop (GME) isn't looking so hot this week and some of the stock's biggest backers are freaking out.
After selling off sharply all week, the stock fell another 42% Thursday.
"Stop f---ing selling GME," is the title of a thread on the WallStreetBets forum, home of the Reddit army that boosted the gaming retailer's stock price in recent weeks. READ MORE
Super Bowl ads each year offer a snapshot of the American psyche. And this year, it's a doozy.
After a year of pandemic fear and isolation, a tumultuous election capped by a riot at the Capitol, and periodic uncertainty as to whether there would even BE a Super Bowl, marketers have to tread carefully. The ideal: promote their brands to a weary audience looking for comfort and escapism without crossing any lines that might trigger viewers. READ MORE
So, you’ve identified the right moment to reach out to your prospect using critical buying signals, you’ve personalized your outreach, and maybe got a little creative with custom video content, and voila! You’ve successfully connected with your prospect and they’ve agreed to speak with you and see a product demo.
So, how do you know if they’re actually interested in purchasing? READ MORE
Workforce and board diversity are among the top engagement priorities for investors in the 2021 proxy season, according to a report released Thursday by the EY Center for Board Matters.
The organization interviewed governance specialists from more than 60 institutional investors with a collective $38 trillion under management, including asset managers, public funds, labor funds and faith-based investors. READ MORE
But Bezos’s departure as CEO after 27 years doesn’t just mean the end of an era for Amazon, a company he transformed from a novel online bookstore into one of the most innovative, powerful and ubiquitous firms in the world. READ MORE
An engineering director and a software developer have quit Alphabet Inc's Google over the dismissal of AI researcher Timnit Gebru, a sign of the ongoing conflicts at the search giant over diversity and ethics.
David Baker, a director focused on user safety, left Google last month after 16 years because Gebru's exit "extinguished my desire to continue as a Googler," he said in a letter seen by Reuters. Baker added, "We cannot say we believe in diversity, and then ignore the conspicuous absence of many voices from within our walls." READ MORE
Will your neighborhood restaurants still be there when the Covid-19 pandemic ends? It’s likely you already know of eateries in your own hometown that have shut down for good in the past year. READ MORE
Remember the good old days, when you could clear up an ambiguously curt email from your boss with a stroll by her desk? Or when the anxiety of getting a dreaded “We need to chat” Slack message could be alleviated with a quick pop-in?
If only we knew how good we had it! READ MORE
Tesla (NASDAQ:TSLA) is a car company worth over $800 billion that has never turned a profit selling cars. Despite a cult following and intense brand loyalty, Tesla has been unable to wring any profits out of the half a million cars it now sells annually.
To be clear, Tesla did report a profit for 2020, under generally accepted accounting principles (GAAP), marking the company's first full year of profitability. But that profit did not come from the core business of manufacturing cars. Tesla booked a whopping $1.58 billion of revenue from selling regulatory credits last year, more than the previous three years combined. Tesla's net income of $721 million in 2020 turns into a substantial loss if those regulatory credit sales are backed out. READ MORE
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