Headlines 

Teslas Newest Promises Break the Laws of Batteries

Elon Musk knows how to make promises. Even by his own standards, the promises made last week while introducing two new Tesla vehicles—the heavy-duty Semi Truck and the speedy Roadster—are monuments of envelope pushing. To deliver, according to close observers of battery technology, Tesla would have to far exceed what is currently thought possible. Take the Tesla Semi: Musk vowed it would haul an unprecedented 80,000 pounds for 500 miles on a single charge, then recharge 400 miles of range in 30 minutes. That would require, based on Bloomberg estimates, a charging system that's 10 times more…

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Facebook to Show Users Which Russian Propaganda They Followed

request from Congress to address manipulation and meddling during the 2016 presidential election. The tool will appear by the end of the year in Facebook’s online support center, the company said in a blog post Wednesday. It will answer the user question, “How can I see if I’ve liked or followed a Facebook page or Instagram account created by the Internet Research Agency?” That’s the Russian firm that created thousands of incendiary posts from fake accounts posing as U.S. citizens. People will see a list of the accounts they followed,…

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New Uber CEO Keeps Finding Horrors at Every Turn

The appointment of Dara Khosrowshahi as head of cyberattack Uber had been concealing since last year that exposed personal data on 57 million customers and drivers globally. The company, which said it had paid hackers $100,000 to delete the data and keep quiet, disclosed the incident in a statement to Bloomberg on Tuesday, following an investigation commissioned by the board. The chief security officer and one of his deputies were ousted for their actions following the hack. Khosrowshahi’s role so far looks less like a turnaround artist and more like…

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Monetising millennials: what the corporate world thinks it knows about young people

At Sydneys Millennial 20/20 conference the wifi password is SmashedAvo and the attitude is predatory infantilisation Before the opening keynote of the Millennial 20/20 Sydney conference, a man strides up, folds me into a boardroom-firm handshake and gazes deeply into my eyes. His impeccably tailored business shirt, open to the third button, and swept-back blond hair make him look like a more handsome version of the Trump sons, maybe a second cousin. But our meeting is an error; I inadvertently sat in one of the conferences many designated networking spaces,…

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Twitter Cracks Down on Verified Accounts With New Policy

tweet, “this perception became worse when we opened up verification for public submissions and verified people who we in no way endorse.” Earlier this month, the social network stopped the system of authenticating a user’s identity with a blue check mark after drawing intense tweeted a screen shot of a note he received from Twitter, saying that his verified badge will be permanently removed “after determining that your account does not comply with Twitter’s guidelines.” The company has also removed the blue check mark from conservative commentator

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Alibaba Singles’ Day Posts Record 168 Billion Yuan in Sales

Jack Ma is using it as a testing ground for his plans to revamp China’s $4 trillion traditional retail sector with technology, an experiment that could help the behemoth gain an edge in China’s saturated market. “The work that’s been done in the integration of offline and online, not just in terms of the technology integration, but the data and efficiencies for brands and the consumer through personalization has been enormous,” Alibaba President Mike Evans said in an interview on Bloomberg TV. “We see the impact of it in our…

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Alibaba Singles’ Day Sales Hit $8.6 Billion in First Hour

Jack Ma is using this year’s event as a testing ground for his plans to revamp China’s $4 trillion traditional retail sector with technology, an experiment that could help the behemoth gain an edge in China’s saturated retail market. “The work that’s been done in the integration of offline and online, not just in terms of the technology integration, but the data and efficiencies for brands and the consumer through personalization has been enormous,” Alibaba President Mike Evans said in an interview on Bloomberg TV. “We see the impact of…

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Headlines 

Apple Is Ramping Up Work on AR Headset to Succeed iPhone

With the headset at least two years away, Apple wants to make it easier for developers to bring new AR features to the iPhone. To that end, the company plans to release a new version of ARKit software tools as soon as 2018. They could help developers create software that remembers accurately where a digital object was placed in a virtual space, using a technology called persistent tracking; you look away, and the object is still there. The tools will also make it easier to create AR games for multiple…

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Snap Is Looking a Lot Like Twitter After Another Earnings Miss

Snap Inc. went to great disappointing revenue and user growth, in its third-quarter results. Chief Executive Officer Evan Spiegel even highlighted that Snapchat isn’t easy enough for many to use, echoing similar complaints about Twitter. Snap’s surprise disclosure Wednesday morning that Tencent Holdings, China’s biggest instant messaging company, had analysts cut their ratings. Snap has now fallen 25 percent since its March IPO, bringing its market capitalization to within $900 million of Twitter’s. Of course, Snap’s valuation is still richer. Twitter is projected to have about three times the revenue…

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Russia funded Facebook and Twitter investments through Kushner associate

Institutions with close links to Kremlin financed stakes through business associate of Trumps son-in-law, leaked files reveal Two Russian state institutions with close ties to Vladimir Putin funded substantial investments in Twitter and Facebook through a business associate of US politics and the role played by social media in last years presidential election. It may also raise new questions for the social media companies and for Kushner. What are the Paradise Papers? The Paradise Papers is a special investigation by the Guardian and 95 media partners worldwide into a leak…

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RenTechs Robert Mercer to Exit as Co-CEO, Sell Breitbart Stake

Donald Trump. Peter Brown, 62, will continue as CEO, according to a letter sent to employees at his hedge fund Thursday. Mercer, 71, will also leave Renaissance’s board and remain at the company as a member of the technical staff, focusing on research. Mercer and Brown took the co-CEO posts in 2010 after the company’s founder Read More: Read Mercer’s Letter to His Staff at Renaissance personal political projects dragged the notoriously secretive firm into the national spotlight. Mercer and his daughter, Rebekah, are prominent Republican donors and patrons of Stephen…

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Razer CEO to Become a Billionaire With Li Ka-shing Backing

After raising funds from Asia’s biggest investors, including Hong Kong tycoon Razer Inc. is turning to the market for an initial public offering that will make its co-founder Bloomberg Billionaires Index. Razer’s plan to list shares comes amid robust growth in the global gaming market, which is expected to reach $160 billion by 2021, a 52 percent jump from last year, according to data from Euromonitor. The company said in its

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Odds and Ends 

Apple diversity head Denise Young Smith apologizes for controversial choice of words at summit

Apple’s Denise Young Smith sent an apology to team members at Apple today over comments she made at the One Young World Summit in Bogotá, Colombia. “Last week, while attending a summit in Bogota, I made some comments as part of a conversation on the many factors that contribute to diversity and inclusion….I regret the choice of words I used to make this point,” said Smith in the memo. As the company’s Vice President of Inclusion and Diversity, Smith has been the tip of Apple’s D&I spear during an era of…

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Bitcoin Futures Could Open the Floodgates for Institutional Investors

Bitcoin is spiking to a record after CME Group Inc. said it’s planning to launch bitcoin futures as the move could open the floodgates of investors who have been standing on the sidelines as bitcoin soared over 500 percent this year. The cryptocurrency jumped as much as 5.2 percent to $6,416.39 after the CME said it will start offering trading the derivatives in the fourth quarter. Futures will be settled in cash based on a bitcoin index that CME started calculating in November.  The move comes after the Chicago Board Options…

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Friday’s iPhone X Pre-Orders Will Be Crucial for Apple

The most important date for shorter lines of expectant fans waiting outside stores on release days. So even though analysts widely expect iPhone X supplies to be limited early on, the device will still be available in 55 countries and territories. Apple also expects to have the iPhone X in many stores on Nov. 3 and said Tuesday that walk-in buyers should “arrive early.” Investors and analysts will be able to monitor how the wait times for delivery develop in the course of Friday, giving insights into demand. As more…

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