6 reasons smaller companies want to break up Big Tech
- Right now in the US, there are multiple, simultaneous government investigations focused on the business practices of each of the four Big Tech giants — Amazon, Apple, Google, and Facebook — that could someday lead to the breakup of these companies or major changes in how they operate.
- Likewise, PopSockets CEO David Barnett cited the “power asymmetry” that allows Amazon to still be successful while allegedly taking part in what he calls corporate “bullying.” He accused the giant of levying threats against his phone accessory company when making business demands that went above and beyond written contracts between the two companies.
- His big proposal for balancing the playing field and restoring more consumer privacy online: He wants to ban advertising that is targeted to online users based on the dossiers that Facebook and Google build for marketers, which could simultaneously lower the tech giants’ appetite for data collection while potentially improving competition in the advertising industry.
More collapses expected in retail's 'killing season'
- The growing popularity of Black Friday promotions, a shift to online shopping and burgeoning debt levels have contributed to the recent spate of retail collapses, according to the administrator of struggling clothing chain Jeanswest.
- KPMG partner James Stewart, who leads the firm's restructuring services business, said Jeanswest had been losing money for several years and was afflicted by the same problems that had contributed to the demise of thousands of retailers in Australia and overseas in recent years.
- These include the shift to online retailing, which is undermining the profitability of retailers' bricks and mortar stores; Black Friday, which is pulling forward sales from December to November at lower margins; and rising debt levels following the banking royal commission.
- Most of the retailers that collapsed in the past year, which include Bardot and Harris Scarfe, had strong online businesses but the sales shift to the internet had damaged their bricks and mortar model.
Viral cracks showing in China's veneer of stability
- As the outbreak became a national crisis, the front page of the People's Daily, the Communist Party's mouthpiece, last week extolled the leadership but didn't mention Wuhan.
- Even as many Chinese people quietly complain about current leaders, they wax nostalgic about the role that former President Hu Jintao played in the SARS epidemic, apparently forgetting that Beijing tried to cover up that outbreak for three months.
- The police in various parts of China have fined or detained over 40 people in the past few days for spreading "rumors," many of which claimed that there were confirmed cases of the virus locally, according to a tally by a WeChat account based on media reports.
- Wang Heyan, an investigative reporter for the magazine Caixin who has written about corruption cases involving top Chinese leaders, lamented on her WeChat timeline that she and her colleagues couldn't get any medical workers to talk to them in Wuhan.
Apple to start online sales in India in Q3 this year
- Apple’s much-awaited online store in India will be operational starting Q3 this year, a little longer than previously expected, a source familiar with the matter told TechCrunch.
- The company’s first official physical store in India, to be situated in Mumbai, will take an additional few months of time for setting up and might not be ready by this year, the source said.
- India, the world’s second largest smartphone market, eased sourcing norms for single-brand retailers last year, paving the way for companies like Apple to open online stores before they set up presence in the brick-and-mortar market.
- Apple executives have long expressed disappointment at Amazon India, Flipkart and Paytm Mall for offering heavy discounts on the iPhone and MacBook Air to boost their respective GMV metrics, people familiar with the matter have told TechCrunch.
Michael Bloomberg shakes man's hand and then dog's mouth while campaigning in Vermont
- Bloomberg on Monday greeted a dog by shaking its mouth, rather than going for the standard move of asking for a paw in order to shake its hand.
- The moment, which took place as the 2020 Democrat was campaigning in Vermont, was captured on video and went viral on Tuesday.
- Though the dog appeared to be fine after the encounter, the video of the moment created quite a stir online.
- Bloomberg's campaign did not immediately respond to a request for comment.
- The dogs were a Christmas gift to Bloomberg from his significant other, Diana L.
- It's unclear if Bloomberg would have a dog or any pets in the White House if elected.
- President Donald Trump is the first president in well over a century to not have a dog at some point while an occupant of the White House.
THE OMNICHANNEL FULFILLMENT REPORT: Why the death of brick-and-mortar has been greatly exaggerated
- Likewise, BORIS is poised for steady growth in the near future: US retailer adoption of BORIS is expected to increase from 40% in 2017 to 81% in 2024, more than doubling over the period, according to Business Insider Intelligence estimates.
- As these services become increasingly popular and consumers come to rely on them, retailers will need to find a way to implement them in a way that distinguishes them from their competitors' offerings.
- In The Omnichannel Fulfillment Report, Business Insider Intelligence examines the current trajectory of BOPIS and BORIS and provides strategies retailers can use to implement them.
- We first examine the growth that each service is expected to see in the next few years, as well as the drivers of higher adoption among both consumers and retailers.
- We then look at some best practices that retailers can use to develop BOPIS and BORIS offerings that will help them stand above their competitors as the services grow in popularity.
I made a tiny mistake with TurboTax last year that took hours to fix, but it's still the best way to file my taxes
- With the click of a button, I locked myself into the Free File section of TurboTax. I wasn't able to easily convert to a paid product, as I expected.
- If you look closely at the Free File website, you'll notice there are no links to paid TurboTax products if you don't qualify.
- When I later logged into TurboTax to complete my taxes as usual, I noticed the "Free File" logo at the top left but figured I could convert to a paid product later on if I didn't qualify.
- Having spent hours of my time entering my tax info in TurboTax, I kept pushing for help and was ultimately connected with an expert support person who came up with a clever fix.
- The support expert helped me use a little-known feature to get my data out of the Free File version of TurboTax online and into the paid product.
8 women share the 19 best pieces of jewelry they've ever bought or received — from $7 Etsy purchases to $1,500 splurges they don't regret
- Of the many aspects of our lives that online shopping has simplified (getting fresh groceries to our doors), one of the best is how much easier and more affordable it has made buying jewelry online.
- Whether it's a $20 pair of handmade earrings on Etsy that look like lemon drops or a keepsake $1,500 ring to celebrate a momentous achievement, many of the best pieces in our jewelry boxes came to us as gifts from ourselves.
- Since we spend most of our time on Insider Picks steeped in the search for the best of the online world, I asked eight women on the Insider Picks team to tell me the best jewelry pieces they ever bought online (and a few pieces that were given to them as gifts from loved ones) — and where you can find them.
- Shoutout to my partner for the best jewelry gift of all time!).
Pokemon Home Is a Complete Rip-Off
- Pokemon Home's pricing details are out, and the cloud service is a complete rip-off.
- Pokemon Home details are finally available, and the only surprise is how blatantly Nintendo intends to rip off gamers.
- There always the option of picking up the Pokemon Home Premium Plan, but that’s just throwing money at Nintendo.
- Customers who pay for Nintendo Switch Online shell out $19.99 for a yearly subscription.
- This service is well worth the cost because it offers players a collection of classic Nintendo games, online play, and special deals.
- This means that players must shell out more than $40 per year just to take full advantage of Nintendo’s Pokemon games.
- Twitter is full of Pokemon fans complaining – and rightly so – about the pricing and features that Pokemon Home has to offer.
In the Age of Data, Your Online Privacy is Ground Zero
- A VPN (virtual private network) is a better solution for ensuring online privacy and anonymity by masking the user’s IP address, keeping their online actions private, and encrypting connections to enhance the security of the data sent or received.
- Beyond ensuring the privacy of your online activities, a VPN is also effective for protecting hackers from spying or stealing your sensitive personal information such as social security numbers, passwords, and bank details.
- The thin line between harmless personalization and malicious targeting Barring a targeted surveillance operation by a government, its agents, or acts of corporate espionage; the main ways that a person’s privacy can be breached on the internet are either through your internet connection, the websites that you visit, or the activity logs kept by your Internet service provider.
- Thankfully, developments such as the General Data Protection Regulation (GDPR) which came into effect in May 2018 mandate governments and businesses to only collect information that they need.