Posts belonging to Category entrepreneur



Netflix Consumes 15% of the World’s Internet Bandwidth

Superior stream compression technology

When it comes to devouring bandwidth online, no company can hold a candle to Netflix The streaming video giant consumes 15% of the total downstream volume of traffic globally, according to the latest Global Internet Phenomena Report from Sandvine. In the United States, that figure jumps to 19.1% of total traffic. Demand for Stranger Things and other Netflix shows spikes even higher at night. “At peak hour on fixed networks, this number can spike as high as 40% on some operator networks in the region,” the study says.

Sandvine does credit Netflix for its superior stream compression technology, noting “Netflix could easily be 3x their current volume and at 40% of network traffic all the time”. Other traffic hogs on a global scale included HTTP media streams, such as embedded videos on websites, which took up 13.1% of bandwidth; YouTube, which commands 11.4% of the world’s bandwidth; and web browsing at 7.8% of downstream traffic.

http://www.fortune.com

Elon Musk mulls mining venture for Tesla

Objective: produce electric car batteries

Tesla could go into the mining business in order to produce its batteries more quickly, Elon Musk has claimed.

The company is working on improving its battery production and technology, the chief executive said at the company’s annual shareholder meeting.

“We might get into the mining business, I don’t know. We’ll do whatever we can to make sure we can scale as fast as possible,” he said.

The California-based electric car company will also make a car which can drive 400 miles between charges.

https://finance.yahoo.com

Start a business? Be customer-obsessed, be passionate, take big risks, and fail.

Amazon founder Jeff Bezos gives 4 key advices

Jeff Bezos has a message for budding entrepreneurs: be ready to take big risks and fail.

Bezos delivered that message at Amazon’s re:Mars conference on Thursday in Las Vegas, after he was asked what advice he would give to anyone looking to start their own business.

“Take risk. You have to be willing to take risk. If you have a business idea with no risk, it’s probably already being done,” he said, according to an Amazon transcript. “You’ve got to have something that might not work. It will be, in many ways, an experiment.”

https://www.businessinsider.com/

Big gaming partnership between Tencent and Roblox

$2.5 billion video game company Roblox and China’s Tencent defied the growing tech ‘cold war’

Roblox, a global online experience bringing more than 90 million people together through play, and Tencent Holdings Limited, one of the largest internet companies in the world, today announced a strategic partnership to help fuel the next generation of Chinese creators.

Roblox is on a mission to bring the world together through play by inspiring imagination, creativity, and learning through shared online experiences. Roblox will accelerate these efforts in China through the strategic partnership with Tencent. Together, the companies will establish a joint-venture company with an initial focus on education to teach coding fundamentals, game design, digital citizenship, and entrepreneurial skills. Based in Shenzhen, the joint venture will create opportunities for local Chinese developers to leverage the global Roblox ecosystem, with the ultimate goal of bringing Roblox to China.

Fiat Chrysler in Discussion to Merge With Renault

Probability to complete the merger within 10 days is 95%

Fiat Chrysler is planning to propose a merger with the French carmaker Renault on Monday, according to two people involved in the negotiations, in a transaction that could reshape the global automobile industry.

The two companies were deep in talks over the weekend about the structure of the deal and how to handle the political implications, but many details remained unclear. Renault, which is partly owned by the French government, is already in a three-way partnership with two Japanese companies, Nissan and Mitsubishi, in what is known as the Renault Nissan Alliance. And Fiat has significant operations in Italy.

A combined Renault and Fiat Chrysler would become the third largest automaker in the world by sales, behind Volkswagen and Toyota.

60 satellites to change the internet

STARLINK, an internet satellite network

SpaceX CEO Elon Musk shared a first look on Saturday of his company’s internet satellites packed and ready for launch in a few days.

These satellites represent SpaceX’s ambitious plan to build an internet satellite network, known as Starlink. The company is one of several, including Jeff Bezos’ Amazon, which are building these so called “constellations” of interconnected satellites to deliver high speed internet from space.

http://www.cnbc.com

Amazon’s warehouse-worker tracking system can automatically fire people without a human supervisor’s involvement

Amazon has fired more than 300 workers, citing productivity, at a single facility in Baltimore in a single year 

Amazon’s demanding culture of worker productivity has been revealed in multiple investigations. But a new report indicates that the company doesn’t just track worker productivity at its warehouses — it also has a system that can automatically fire them.

Amazon has fired more than 300 workers, citing productivity, at a single facility in Baltimore in a single year (August 2017 through September 2018), The Verge’s Colin Lecher reported. The Verge cited a letter by an Amazon attorney as part of a case with the National Labor Relations Board.

An Amazon spokesperson confirmed to Business Insider, “Approximately 300 employees turned over in Baltimore related to productivity in this timeframe. In general, the number of employee terminations have decreased over the last two years at this facility as well as across North America.”

Amazon’s system tracks a metric called “time off task,” meaning how much time workers pause or take breaks, The Verge reported. It has been previously reported that some workers feel so pressured that they don’t take bathroom breaks.

http://www.businessinsider.com

Tesla will roll out 1 million robot-taxis next year

Tesla to compete with Uber

On Monday, CEO Elon Musk revealed the company’s plans to compete with incumbents like Uber with the company’s strategy for an autonomous ride-hailing fleet. Robo-taxis are essentially any Tesla vehicle with autonomous-driving functionality. To turn a Tesla into a robo-taxi, a car’s owner simply adds it to the Tesla Network platform by way of the company’s app.
Musk said that by “next year for sure, we will have over 1 million robo-taxis on the road.” Riders will be able to summon a robo-taxi via the same Tesla app – similarly to how they call for an Uber or Lyft today. The key difference, of course, is that there won’t be a driver in the car.
http://www.msn.com/

Zoom Video Communications in its public market debut

The video-conferencing provider  valued at  $9,2 billion

Profitable video-conferencing provider Zoom Video Communications Inc.  is valued at more than $9 billion in its public market debut Thursday, more than nine times the amount it fetched in a private funding round just two years ago.

Zoom raised $751 million in an initial public offering Wednesday, selling 20.9 million shares Wednesday for $36 each, according to data compiled by Bloomberg.

http://www.bloomberg.com/

Small enterprises (SMEs) are turning to non-bank financing sources

SMEs account for 60% of total value added

Small and medium-sized enterprises (SMEs) are turning to non-bank financing sources at a faster pace than in the past, as bank lending to them has risen less than expected given today’s favourable credit conditions and business environment.

‘Financing SMEs and Entrepreneurs 2019: An OECD Scoreboard‘ finds that online peer-to-peer lending and equity crowdfunding increased significantly in 2017, especially in countries with small markets. China, the United Kingdom and the United States continued to have the biggest online alternative finance markets for businesses. Venture capital investments were up in most countries, and the number of SME listings expanded by more than 13% in 2017, with total SME market capitalisation up 16.7%.

SMEs and entrepreneurs constitute the backbone of OECD economies, accounting for 60% of total employment and 50-60% of value added. They are key to strengthening productivity, delivering inclusive growth and helping economies adapt to changes like the digital transition, ageing populations and the changing future of work. This eighth annual edition of the OECD’s SME financing Scoreboard provides data on debt, equity, asset-based finance and financing conditions in 46 countries and an overview of policy measures to ease SMEs’ access to finance.

http://www.oecd.org/

Uber warns it may never make a profit

IPO filing indicates how far Uber remains from turning a profit

Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its IPO filing.The document gave the first comprehensive financial picture of the decade-old company which was started after its founders struggled to get a cab on a snowy night and has changed the way much of the world travels.TheUber S-1 filing underscores Uber’s rapid growth in the last three years but also how a string of public scandals and increased competition from rivals have weighed on its plans to attract and retain riders.

The disclosure also highlighted how far Uber remains from turning a profit, with the company cautioning it expects operating expenses to “increase significantly in the foreseeable future” and it “may not achieve profitability.”

https://www.reuters.com/

Uber plans to sell around $10 billion worth of stock in IPO

Uber is seeking a valuation of between $90 billion and $100 billion

Uber Technologies has decided it will seek to sell around $10 billion worth of stock in its initial public offering, and will make public the registration of the offering on Thursday, people familiar with the matter said on Tuesday.

An IPO of this size would make Uber one of the biggest technology IPOs of all time, and the largest since that of Chinese e-commerce giant Alibaba Group Holding in 2014.

Uber is seeking a valuation of between $90 billion and $100 billion, influenced by the poor performance of smaller rival Lyft’s shares following its IPO late last month, the sources said. Investment bankers previously told Uber it could be worth as much as $120 billion.

https://www.cnbc.com/

Jeff Bezos: World’s richest man agrees $35bn divorce

McKenzie Bezos says she is  grateful for the past

Ms Bezos will retain a 4% stake in online retail giant Amazon which her husband of 25 years founded.

She will also give up her interests in the Washington Post newspaper and Mr Bezos’ space travel firm Blue Origin.

The deal dwarfs a previous $3.8bn record set by art dealer Alec Wildenstein and his wife Jocelyn.

Ms Bezos made the announcement in a tweet – her first and only one since joining the microblogging website this month – stating that she was “grateful to have finished the process of dissolving my marriage to Jeff with support from each other”.

https://www.bbc.com/

Linus Torvalds Thinks Facebook Is A Disease

Geared to serve even the lowest common denominator

Fake News was crowned as the word of the year in 2017. In an era where we need quality journalism, social media sites are bent on destroying it. In a recent interview with Linux Journal’s first publisher, Robert Young, Linus Torvalds — Creator of Linux — revealed the true nature of social media.
Linus pulled no punches as he brandished social media websites like Facebook, Twitter, and Google as the enabler of bad behavior. Linus’ comments on the ‘liking and sharing’ model on Facebook hold weight as it degrades the quality of what we consume online.
According to Linus, Facebook’s clickbait content is geared to serve even the lowest common denominator. This type of content is designed only to provoke an emotional response, often of anger and outrage.

https://www.fossbytes.com/

Uber IPO Could Be One of Five Biggest NYSE Listings in History

Uber chooses the New York Stock Exchange

Uber Technologies has selected the New York Stock Exchange for its imminent initial public offering, handing the trading floor what could be one of the five biggest listings of all time, according to a person familiar with the matter, who asked not to be identified as the details aren’t public.

The ride-hailing giant is expected to publicly file for its offering in April, kicking off a listing that could value the company at as much as $120 billion and is likely to be the biggest of the year, people familiar with the plans have said previously. At that valuation, Uber would only have to float about 16% of its shares to make the top five, according to data compiled by Bloomberg.

https://www.fortune.com/