Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Steve Jobs wanted to put a ding in the universe. Today, Apple wants to ding your pocketbook. Tim Cook, chief executive officer of Apple, at the Steve Jobs Theater in Cupertino last month.CreditCreditDavid Paul Morris/Bloomberg The Steve Jobs Theater on Apple’s spendy new campus in Cupertino, Calif., is a majestic temple to pomp. An ethereal…
ImageNowhere to go but down: Making room for an in-ground pool at 48-50 West 69th Street in Manhattan.CreditCreditBenjamin Norman for The New York Times The extremely loud and incredibly expensive renovations that have shattered a formerly quiet residential block in Manhattan. Nowhere to go but down: Making room for an in-ground pool at 48-50 West…
Luxury retailer Barneys New York just got a lifeline. The retailer has extended the term of its credit line by $50 million, giving it money for growth, as well as needed liquidity to weather industry challenges and a rent hike at its famed New York flagship, people familiar with the talks told CNBC. Rent at…
More than a year after announcing Facebook would feature less news, Mark Zuckerberg says he has a new idea: He wants to create a section of his social network that would be devoted to “high-quality news,” and may pay publishers that share their stuff there. Zuckerberg floated the idea in a conversation with Axel Springer…
Ad tech has had another casualty. The news of Sizmek’s bankruptcy filing has shaken digital ad executives, who regarded the company’s ad server business as an important contender to Google’s. But the company’s vision of becoming a fully integrated buy-side tech stack was built on a crumbling foundation, according to ad tech sources. What didn’t help…
At the Atlantic earlier this week, Sidney Fussell reported on Airbnb’s policies toward hosts installing cameras to observe their customers and the platform’s apparent ambivalence about enforcing them. As Fussell notes, Airbnb hosts are permitted to have cameras installed in living rooms, common areas, and outdoor spaces, but not bathrooms and sleeping areas. They are…
(Reuters) – Lyft Inc was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup on Thursday, raising more than it had set off to do as investors overlooked uncertainty over its path to becoming a profitable company. Lyft’s IPO sets the stage for the stock market debut of…
CalPERS, the $360 billion California’s state pension fund, just announced plans to increase its investments in private equity. It’s not hard to see why. Despite the high fees charged by private equity funds, CALPERs claims there are huge payoffs. Its private equity portfolio returned 16.1% in 2017, compared to just 11.5% for its stock portfolio, and…
Airbnb, once a saviour from overpriced hotels, has become the new overpriced hotels since becoming the short-term accommodation staple. But with the rise of community living and workcations, an alternative might be to just sleep where you cowork. That’s the idea behind PodShare, a coworking space with beds, which has three locations in Los Angeles….
The authenticity of the following anonymous op-ed has been verified by Medium’s editorial staff. I am an Uber employee and I support the drivers’ strikes. The strikes called on Monday by Rideshare Drivers United (RDU) in Southern California and Gig Workers Rising in San Francisco are a sign of the deep frustration many ride-share drivers…