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Archivo del Autor: Belen De Leon

Tesla shares fall as two more high-profile executives resign

Tesla shares plunged as much as 10 percent Friday morning following two high-profile executive departures.

Tesla shares have since recovered and were down 5.4 percent to $265.77 a share at 8:20 am PT.

The executive departures were just the latest tumult at the automaker headed by CEO Elon Musk . Just hours before, Musk capped off a long-winded interview live-streamed on YouTube with Joe Rogan by smoking what was described as a mix of tobacco and marijuana. The interview covered everything from cars and Tesla to space, AI, alcohol, flamethrowers, horses and digging tunnels.

Dave Morton, the company’s chief accounting officer, resigned from Tesla on Tuesday a month after taking the job, according to an SEC regulatory filing Friday. News of his departure was quickly followed by another. This time it was Gaby Toledano, who joined Tesla in May 2017 after 10 years on the executive team at video game publisher Electronic Arts.

“Since I joined Tesla on August 6th, the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations,” Morton said in the regulator filing. “As a result, this caused me to reconsider my future. I want to be clear that I believe strongly in Tesla, its mission, and its future prospects, and I have no disagreements with Tesla’s leadership or its financial reporting.”

Morton’s one month on the job has been particularly chaotic. Morton, former CFO at computer-drive maker Seagate Technology, came on board one day before Tesla CEO Elon Musk sent out a tweet that he was considering taking the company private in a buyout at $420 a share. That tweet triggered a series of events that caused chaos at the company, including several lawsuits filed by shareholders and a subpoena from the SEC.

The proposal to go private was scrapped less than three weeks later.

Morton is giving up an annual base salary of $350,000 and, more importantly, a $10 million new-hire equity grant that would have vested after four years.

Tesla’s accounting functions and personnel will continue to be overseen by both Tesla’s chief financial officer and its corporate controller, according to the filing.

Toledano’s resignation, who TechCrunch had previously reported was on a leave of absence, was reported Friday by Bloomberg. Toledano had held the top HR job for 15 months. 


Source: TechCrunch

Mega Man 11 demo blasts onto Nintendo Switch, PS4 and Xbox One – CNET

You can do battle with Block Man and contribute to a community challenge — but not on a PC.
Source: CNET

Verizon declines to comment on WSJ report saying Tim Armstrong is in talks to leave Oath

The Wall Street Journal is reporting that Tim Armstrong is in talks to leave Verizon as soon as next month.

Armstrong heads up the carrier giant’s digital and advertising division, Oath (formerly AOL, prior to the Yahoo acquisition and the subsequent merger of the two units). Oath also happens to be TechCrunch’s parent, of course.

We reached out to our corporate overlords for a confirm or deny on the newspaper report. A Verizon spokesperson told us: “We don’t comment on speculation and have no announcements to make.”

The WSJ cites “people familiar with the matter” telling it Armstrong is in talks to leave, which would mean he’s set to step away from an ongoing process of combining the two business units into a digital content and ad tech giant.

Though he has presided over several rounds of job cuts already, as part of that process.

Verizon acquired Armstrong when it bought AOL in 2015. The Yahoo acquisition followed in 2017 — with the two merged to form the odd-sounding Oath, a b2b brand that Armstrong seemingly inadvertently outted.

Building an ad giant to challenge Google and Facebook is the underlying strategy. But as the WSJ points out there hasn’t been much evidence of Oath moving Verizon’s growth needle yet (which remains tied to its wireless infrastructure).

The newspaper cites eMarketer projections which have Google taking over a third of the online ad market by 2020; Facebook just under a fifth; and Oath a mere 2.7%.

Meanwhile, Verizon’s appointment of former Ericsson CEO, Hans Vestberg, as its new chief exec in June, taking over from Lowell McAdam (who stepped down after seven years), suggests pipes (not content) remain the core focus for the carrier — which has the expensive of 5G upgrades to worry about.

A cost reduction program, intending to use network virtualization to take $10BN in expenses out of the business over the next four years, has also been a recent corporate priority for Verizon.

Given that picture, it’s less clear how Oath’s media properties mesh with its plans.

The WSJ’s sources told the newspaper there were recent discussions about whether to spin off the Oath business entirely — but said Verizon has instead decided to integrate some of its operations more closely with the rest of the company (whatever ‘integrate’ means in that context).

There have been other executive changes at Oath earlier this year, too, with the head of its media properties, Simon Khalaf, departing in April — and not being replaced.

Instead Armstrong appointed a COO, K Guru Gowrappan, hired in from Alibaba, who he said Oath’s media bosses would now report to.

“Now is our time to turn the formation of Oath into the formation of one of the world’s best operating companies that paves a safe and exciting path forward for our billion consumers and the world’s most trusted brands,” Armstrong wrote in a staff memo on Gowrappan’s appointment obtained by Recode.

“Guru will run day to day operations of our member (consumer) and B2B businesses and will serve as a member of our global executive team helping to set company culture and strategy. Guru will also be an important part of the Verizon work that is helping both Oath and Verizon build out the future of global services and revenue,” he added, saying he would be spending more of his time “spread across strategic Oath opportunities and Verizon… leading our global strategy, global executive team, and corporate operations”.

At the start of the year Oath also named a new CFO, Vanessa Wittman, after the existing officer, Holly Hess, moved to Verizon to head up the aforementioned cost-saving program.

Reaction to the rumour of Armstrong’s imminent departure has sparked fresh speculation about jobs cuts on the anonymous workplace app Blind — with Oath/AOL/Yahoo employees suggesting additional rounds of company-wide layouts could be coming in October.

Or, well, that could always just be trolling.


Source: TechCrunch

Brazil's National Museum Fire Proves Cultural Memory Needs a Backup

The devastating fire at the National Museum of Brazil shows the importance of digitizing the world’s knowledge.
Source: Wired

Starry wants to put high-speed 5G internet in reach of everyone

Starry, a Boston startup, wants deliver high-speed 5G internet in major cities at a reasonable price. Today, it announced it is expanding service from its initial launch in Boston to New York City. The company also announced a deal with Related Companies, a large national affordable housing owner, to host Starry equipment on its buildings and offer Starry service to its tenants.

The Starry solution consists of three parts: The beam sits on a high roof. The point sits on a lower roof and the consumer gets a Starry Station, which acts as a modem of sorts to deliver the internet service to the home. As they put it, internet access becomes an extension of the property.

Diagram: Starry

While the hardware solution is impressive in itself, it allows Starry to offer high-speed internet to consumers at a more affordable price point than traditional large providers. Company founder and CEO Chet Kanojia says his company can provide up to 200 Megabits per second service, up and down, for just $50 a month with no data caps or long-term contracts. Installation is free and the company includes 24/7 customer care at no additional cost.

While it’s hard to compare pricing across services, Starry should appeal to cord cutters, who have dropped cable TV for more affordable streaming alternatives and have been looking for a way to free themselves from large internet service providers. It’s fair to say that no other provider offers this kind of speed up and down for that price.

The solution requires high rooftops to place the enabling infrastructure and the arrangement with Related is particularly interesting in this context. The deal is good for both parties, giving Starry the infrastructure it needs to place its equipment in major cities, while providing Related tenants with low-cost internet access starting later this year.

“Our first strategic partnership is with Related Properties, which is a big property ownership company in all the major cities. It allows us to basically extend our network using their infrastructure, rooftops and buildings,” Kanojia said.

The startup plans to provide service to other New York City residents starting in parts of Manhattan and Brooklyn this fall, and expanding to other parts of the city over time. They have further plans to expand to Washington and LA later this year with 18 other cities coming on board in the next year.

The company launched in 2014 and spent a couple of years developing the hardware part of the solution. It has raised $163 million, according to data supplied by the company. The most recent round was $100 million Series C in July. It’s worth noting that their new partner, Related joined that most recent investment.

Kanojia helped launched Aereo, a startup that wanted to deliver low-cost television by placing antennas on rooftops and letting consumers view broadcast TV over the internet. That idea was shot down by the US Supreme Court when broadcasters sued for copyright violations, and the company went out of business soon after. Starry could be seen as an extension of that idea, but delivering internet instead of the TV signals themselves.


Source: TechCrunch

Henry Cavill Joins Netflix's 'The Witcher' and the Rest of the Week in Games

Netflix’s adaptation of the popular saga will star Henry Cavill as Geralt—no word yet on that mustache, though.
Source: Wired

HP Spectre x360 (2018) Review: A Portable, Versatile Laptop

HP has updated its successful Spectre x360 laptop to keep with the times. If you’re using an older machine, this model is a solid step up.
Source: Wired

How to watch Apple’s September 12 ‘Gather Round’ event

Apple’s annual fall event is finally almost here, and is set to be where Apple launches a new set of iPhones, a new Apple Watch, and maybe even new Mac computers. Here’s how you can watch the event yourself.

The post How to watch Apple’s September 12 ‘Gather Round’ event appeared first on Digital Trends.


Source: Digital trends

Popular Mac App Adware Doctor Actually Acts Like Spyware

Adware Doctor has long been one of the top-selling apps in the Mac App Store. But researchers say it harvested browsing data, and sent it to China.
Source: Wired

23andMe Cuts Off the DNA App Ecosystem It Created

Fearing pseudoscience and privacy breaches, 23andMe is shutting down access to the third-party diet, fitness and other apps that relied on its data.
Source: Wired

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