In a new essay for Harper’s magazine, Martin Scorsese argues the art of cinema is being systematically devalued and demeaned by streaming services and their algorithms, “and reduced to its lowest common denominator, ‘content.'” “Content” became a business term for all moving images: a David Lean movie, a cat video, a Super Bowl commercial, a superhero sequel, a series episode. It…
Tag: Business
Python Turns 30. A Steering Council Member Reflects
Today is the 30th anniversary of the Python programming language, “which has never been more popular, arguably thanks to the rise of data science and AI projects in the enterprise,” writes Venture Beat. To celebrate the historical releases file has been updated to include Guido van Rossum’s original 0.9.1 beta release from 1991. (Its ReadMe file advises that Python 0.9 “can…
Top Banks Join Linux and Open-Source Patent Protection Group
ZDNet reports:
When it comes to defending the intellectual property (IP) rights of Linux and open-source software, global leading banks aren’t the first businesses to come to mind. Things have changed. Barclays, the London-based global corporate and investment bank, and the TD Bank Group, with its 26-million global customers, have joined the leading open-source IP defense group, the Open Invention Network (OIN)….
Did Facebook Inflate Its Advertising Metrics?
Business Insider reports:
Facebook executives knew for years its “potential reach” advertising metric was inflated and overruled an employee warning to adjust it to avoid a revenue hit, plaintiffs of a lawsuit against the social media giant argued in an unredacted court filing. Gizmodo writes:
In a nutshell, this class action suit, which was first filed back in 2018, alleges that Facebook massaged…
Dogecoin Has a Top Dog Worth $2.1 Billion
The dogecoin market has a pack leader. From a report: Records show that a person, or entity, owns about 28% of all of the cryptocurrency in circulation — a stake worth about $2.1 billion at current prices [Editor’s note: the link may be paywalled; alternative source]. The holder’s identity isn’t known, which is common in the opaque world of digital currencies….
Apple is Trying To Drag Valve Into its Ongoing Legal Battle with Epic Games, and Valve Wants Nothing To Do With It
A new court filing has revealed that, as part of the ongoing legal battle between Apple and Epic Games, Apple subpoenaed Valve Software in November 2020, demanding it provide huge amounts of commercial data about Steam sales and operations going over multiple years. From a report: Apple subpoenaed Valve under the basic argument that certain Steam information would be crucial to…
IBM Explores Sale of IBM Watson Health
IBM is exploring a potential sale of its IBM Watson Health business, WSJ is reporting, citing people familiar with the matter, as the technology giant’s new chief executive moves to streamline the company and become more competitive in cloud computing. From a report: IBM is studying alternatives for the unit that could include a sale to a private-equity firm or industry…
Uber Loses Gig Workers Rights Challenge in UK Supreme Court
Uber has lost a long running employment tribunal challenge in the UK’s Supreme Court — with the court dismissing the ride-hailing giant’s appeal and reaffirming earlier rulings that drivers who brought the case are workers, not independent contractors. From a report: The case, which dates back to 2016, has major ramifications for Uber’s business model (and other gig economy platforms) in…
Microsoft Says SolarWinds Hackers Downloaded Some Azure, Exchange, and Intune Source Code
Microsoft’s security team said today it has formally completed its investigation into its SolarWinds-related breach and found no evidence that hackers abused its internal systems or official products to pivot and attack end-users and business customers. From a report: The OS maker began investigating the breach in mid-December after it was discovered that Russian-linked hackers breached software vendor SolarWinds and inserted…
Why Google’s Internet Balloon Project Loon Failed
Alphabet announced last month that it was winding down Loon, a nine-year-old project and a two-and-a-half-year-old spin off firm, after failing to find a sustainable business model and partners for one of its most prominent moonshot projects. Business Insider shares more details on why the project failed. From the report, which may be paywalled: CEO Alastair Wingarth told The New York…