Square has agreed to buy a majority stake in Tidal, the streaming music service led by rapper Jay-Z, as part of an effort to expand the company’s suite of financial tools to musicians and emerging artists. From a report: Square will pay $297 million in a mix of cash and stock to become Tidal’s “significant majority” owner, though Jay-Z and Tidal’s…
Tag: Bloomberg News
Why Is America Getting a New $100 Billion Nuclear Weapon?
“America is building a new weapon of mass destruction, a nuclear missile the length of a bowling lane,” writes the contributing editor for the Bulletin of the Atomic Scientists (in an article shared by Slashdot reader DanDrollette): It will be able to travel some 6,000 miles, carrying a warhead more than 20 times more powerful than the atomic bomb dropped on…
Evading Censors, Chinese Users Flock To U.S. Chat App Clubhouse
“The U.S. app Clubhouse erupted among Chinese social-media users over the weekend,” reports Bloomberg, “with thousands joining discussions on contentious subjects…undisturbed by Beijing’s censors.” On the invite-only, audio-based social app where users host informal conversations, Chinese-speaking communities from around the world gathered to discuss China-Taiwan relations and the prospects of unification, and to share their knowledge and experience of Beijing’s crackdown…
Microsoft Is Designing Its Own Chips for Servers, Surface PCs
Microsoft is working on in-house processor designs for use in server computers that run the company’s cloud services, adding to an industrywide effort to reduce reliance on Intel’s chip technology, Bloomberg News reports. From the report: The world’s largest software maker is using Arm designs to produce a processor that will be used in its data centers, according to people familiar…
Wall Street Begins Trading Water Futures as a Commodity
Wall Street has begun trading water as a commodity, like gold or oil. The country’s first water market launched on the Chicago Mercantile Exchange this week with $1.1 billion in contracts tied to water prices in California, Bloomberg News reported. From a report: The market allows farmers, hedge funds, and municipalities to hedge bets on the future price of water and…
Robinhood Users Say Accounts Were Looted, No One to Call
An anonymous reader shares a report: It took Soraya Bagheri a day to learn that 450 shares of Moderna had been liquidated in her Robinhood account and that $10,000 in withdrawals were pending. But after alerting the online brokerage to what she believed was a theft in progress, she received a frustrating email. The firm wrote it would investigate and respond…
How a Covid-19 Outbreak Spared Masked Starbucks Employees
gollum123 shared this article from MarketWatch: Do masks really work? Ask the dozens of Starbucks customers who tested positive for COVID-19 in Seoul this month after a woman with coronavirus sat under one of the cafe’s air-conditioners. According to a local news report, at least 56 coronavirus cases have been linked to that one customer. The kicker: The four masked workers…
Nintendo Plans Upgraded Switch Console and Major Games for 2021
Nintendo plans to debut an upgraded model of its Switch console next year along with a lineup of new games, Bloomberg reported Tuesday, citing people familiar with the matter said, ceding 2020’s holiday spotlight to rival devices from Sony and Microsoft. From the report: The specifications of the new machine have yet to be finalized, though the Kyoto-based company has looked…
Graduation Can Wait: Startups Recruiting Pandemic-Weary CS Students For Gap Year
theodp writes: That was then: Lamenting a dire shortage of U.S. computer science grads, tech investors Ali and Hadi Partovi launched Code.org in 2013 with backing from the world’s largest tech firms to push coding into America’s K-12 classrooms. This is now: CS graduation can wait. Bloomberg News’ Ellen Huet reports that some Silicon Valley startups, hungry for young talent, are…
Pandemic-Weary CS Students Tempted With Gap Years By Recruiting Startups
Long-time Slashdot reader theodp shared this report from Bloomberg News: To many college students, the prospect of a year of school during a pandemic — with virtual classes, restricted movements and no parties — is a huge bummer. Some Silicon Valley startups, hungry for young talent, see it as an opportunity. Over the past few months, several companies have presented an…