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Barnes & Noble Still Depending on Physical Books
Recently, Len Riggio, chairman of Barnes & Noble said at an investor’s conference that physical books will constitute the majority of its sales for at least the next five years; the company is investing heavily to make the transition from a bookseller to an electronic and technology retailer. CFO Joe Lombardi noted that B&N will invest $140 million in the current fiscal year to upgrade its digital capabilities, and B&N's long-range forecast calls for the retail share of total unit sales to fall from 90% in 2010 to 69% in fiscal 2014. The decline in retail will be offset by gains at Barnes & Noble.com driven by the sale of e-books, e-readers and accessories.
Lay-Off’s at Clarkson Potter
A handful of employees at Clarkson Potter have been laid off. A spokesperson for Random House's Crown Publishing Group confirmed that "a small number of positions" were eliminated in its illustrated publishing program, but declined to discuss further details. In the April reorganization of Crown, the Clarkson Potter imprints along with Watson-Guptill, The Monacelli Press and Ten Speed Press were put in a division under the direction of Lauren Shakely and focused on four-color, lifestyle and cooking titles.
Literary Agent Wins 2010 Maxwell Perkins Prize
Literary agent Amanda Urban has been honored for her work encouraging writers of fiction in the United States. The 2010 winner of the Maxwell E. Perkins Award for Distinguished Achievement in the Field of Fiction recently announced by the Center for Fiction. The nonprofit literary organization founded the award in 2005. Urban has represented Toni Morrison and Cormac McCarthy, among others. The Perkins prize is named in honor of the celebrated editor who worked with Ernest Hemingway and F. Scott Fitzgerald. Previous recipients include Farrar, Straus & Giroux president Jonathan Galassi and Alfred A. Knopf editor Gary Fisketjon. Urban is the first agent to win.
Patterson- First to Top a Million in E-book Sales
US thriller writer James Patterson has become the first novelist to sell more than one million electronic books, according to his publisher, Hachette Book Group. Hachette Book Group said the best-selling author of "Kiss the Girls," "Along Came a Spider" and other titles in the Alex Cross series has sold a total of 1.14 million e-books. "Things have really changed in the digital space," Patterson said in a statement.
"With more and more people reading on iPads, Kindles, and Nooks, taking time to create interesting, user-friendly, enhanced e-book editions is becoming more and more important," he said.
"And if e-books get people who might otherwise not be reading to pick up a book, then that makes me happy," he said.
A Free Comic Application
The free DC Comics app is powered by Comics by comiXology, which shares an identical interface with the Marvel Comics app and provides readers with a solid option for reading comics from the popular publisher on a mobile device. The DC Comics app consists of simple navigational buttons--Featured, New, Popular and Free-- that showcase some of the more tantalizing titles featuring legendary characters. It would have been interesting if DC strayed from the formulaic app engine.
Harlequin Launches Digital Imprint Line
Harlequin Enterprises Limited has launched a digital imprint called Carina Press. The books in the imprint will be published first as ebooks and will be sold directly to consumers through the Carina Press website and third-party websites. Carina Press will begin by publishing 37 books in its first month—approximately 10 books a week—across a broad range of fiction with an emphasis on romance and its subgenres, including science fiction, fantasy, mystery, suspense and thriller. Carina Press ebooks vary in price from $2.99 to $6.99 depending on the length of the work, which can range from 20,000 to more than 100,000 words.
The Write News


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Whether it’s the name, the sleek interior, the in-house roastery or the laboratory-like, glass-walled room on the second floor, there’s something remarkable about Richmond cafe Kiss The Hippo.
The cafe, which has been named by both GQ and Eater as one of London’s best, is also home to award-winning staff.
Wholesale manager Paul Ross was crowned winner of the 2019 UK Barista Championships, while the George Street store’s head of coffee Joshua Tarlo took home the same accolade in 2018.
Paul, 27, even represented the UK at the international equivalent of the competition in Boston earlier this month.
On arrival, I’m greeted in the glass-fronted lab by Paul, who is experimenting with a sous vide machine. He explains that by regulating the temperature of the cup, saucer and coffee itself, you can control what flavours your mouth will register.
REMARKABLE: The cafe’s in-house roastery. Photo credit: Kiss the Hippo.
With this, and the arrival of Joshua, it becomes increasingly clear that the the pair’s enthusiasm for their craft is infectious.
Able to outline the positives and negatives of stocking coffee from across the world, they are most keen to stress the need to recognise and reward quality whenever they encounter it.
“We’re working towards direct trade and the idea that you can trace your coffee from farm to cup,” said Paul.
“It’s that kind of relationship that means people get a fair price, people are treated well and there’s no exploitation within the chain.”
A close working relationship with coffee producers across the world sounds commendable, if logistically fraught.
Joshua, 31, is confident though: “We’re trying to bring direct trade in a more considered way. We want to be in constant contact with producers, but I can be on Whatsapp all the time with them without having to jump on a plane all the time.”
By aiming to lessen the environmental impact of their connections, KTH believe that they can maximise value for everyone in the chain.
But how can you actually quantify the quality of coffee? As a qualified ‘Q-Grader’, Joshua is part of a global movement which is trying to do just that.
Though there are base layer characteristics to all coffee, he said that “quality is really tied to the rarity of the flavour experience.”
SLEEK: The inside of Kiss the Hippo cafe. Photo credit: Kiss the Hippo.
This is why, if you look on a bag of KTH’s coffee, you will see tasting notes detailing the fruity notes buried within Costa Rican coffee, or the florality of some African blends.
Paul said: “We talk about things like acidity. You can have really nice acidities like vinegar on fish and chips, or you can have really tart lemons.
“One is really nice and beneficial to the food while the other is kind of inedible.”
Coffee has clearly thrived in a globalised economy, in the sense that unique flavours can be pulled from across the world. Yet KTH’s desire to support a more sustainable coffee economy reflects a concern with some business practices.
Joshua noted: “The commodity price for coffee is now the same as it was in 1988, which is just so unsustainable.”
With huge chains able to monopolise trade, there is a concern that producers’ margins are being squeezed to breaking point.
Of their high street neighbours, Paul is reflective: “They’ve created a massive coffee market for drinkers, which is great actually and means we can exist. But there are also questions like ‘how you can buy a filter coffee for £1’, right?”
He added: “There’s pressure on everyone to reduce their costs, and where does that stop?”
Though not suggesting untoward practice within any particular business, the pair are aware of the maelstrom of factors which are impacting the coffee world.
Joshua said: “It’s converging with the climate challenge. Coffee’s getting harder to grow, prices are somehow going down, elder producers are dying out and demand is going up.”
Despite these challenges, the pair remain optimistic about the future of their industry.
Modern forms of communication allow constant contact between producers and vendors, while there is an increased public awareness of the environmental and humanitarian impacts of a globalised economy.
Though coy on the prospect of a new store, the pair are intent on making Kiss The Hippo a cafe which is at the forefront of change. They want to have some fun along the way too.
Perhaps the fairest conclusion to make is that great coffee, or a sustainable chain to support it, can’t always be made in an instant.
Feature image shows Joshua (left) and Paul. Photo credit: Kiss the Hippo.

domain: news


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Stamps.com (STMP) dropped its exclusive deal with the United States Postal Service (USPS) and was not able to make a non-exclusive one. That wasn't expected by the market, even though the company had been pivoting its model to rely on companies that ship using a variety of carriers. And while the stock has plunged, Stamps.com does have a plan -- albeit one that faces a lot of competitors.
A full transcript follows the video.
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This video was recorded on Feb. 26, 2019.
Shannon Jones: Let's dive right in. We've got a lot to cover. Let's start with the bigger story, and that would be with stamps.com. Shares of stamps.com, ticker STMP, dropped as much as 58% on news late last week, wiping out nearly $2 billion in market cap. Dan, for such a steady-eddy company like stamps.com, which for our listeners has been the leading provider of postage solutions for regular Joes like you and I and also business customers, what in the world happened when shares can drop 58%?
Dan Kline: Well, basically, they're no longer going to be able to sell stamps. We've thrown around a lot of jokes about this. This would be like if flowers.com was just in the gym business. Essentially. they're losing their exclusive deal with the U.S. Postal Service. This didn't happen from the Postal Service side. stamps.com decided it couldn't afford to only be with one dwindling player. While it had other solutions, its deal with the USPS was very restrictive in what it was allowed to do with other players. So, they went to the Postal Service and they said, "How about a non-exclusive deal? Can we do things different ways?" And they weren't able to make a deal. They were in the midst of a business pivot anyway. This isn't a shocking, "Hey, renewing our deal? No! Oh, no!" They knew this was coming. But, it happened a little bit harsher than they expected and maybe with a little more finality than expected, and boy, did shares tumble.
Jones: Yeah, 58%. Basically, non-exclusive partners, sounds a lot to me like a reality show at this point. They're friends but will not be seeing each other exclusively. Dan, it sounds like this was not necessarily precipitated by any one thing or even by bad quarterly performance. Am I right?
Kline: Their quarterly numbers were good. Because of this change, they cut their guidance in half. The problem with it is, when you cut your guidance that much, it's clearly a guess, not a guidance. They're largely changing their business model. They used to focus on selling postage, which was getting you or I or companies to buy postage, buy their shipping software, and most of that volume moved through the U.S. Postal Service. Now, they're moving to focus on companies that do shipping and offering whatever the best solution is for that market. You might be working with 300 national companies, the five or six major ones, but then companies that just do very limited things in very limited areas or very specific carriers for certain types of products. They're going to try to match you with the best service. They're not alone in this space. Shopify would be a big example of a platform that does some of that.
Everything going forward for this company is uncertain, but the reality is, they could have kept their deal with the Postal Service, and that would have been ignoring that the Postal Service is a decaying business that probably has to raise prices, that's not financially solid. When you see Amazon pulling away from these people and taking on shipping customers on its own, you can't just let that go just so you can say, "Yeah, my numbers will be this next quarter," if you know that three years from now, your numbers will be terrible if you stick with that business model.
Jones: Exactly. Speaking of numbers, just to give our listeners a quick rundown, Q4 revenue was actually up 29% for this company. Full-year was up 24%. When you start digging into some of the actual platform metrics, there was really a lot to like about this company. This was a stock that was a Fool favorite for a lot of reasons, one of which was their churn rate. Looking at the last quarter, their churn rate -- which basically is the percentage of subscribers who discontinue their subscriptions -- declined to 2.9%, a good sign. This is an important metric when you're looking at any company with a subscription-based model. For context, since 2010, churn rates have actually been on the decline. In 2010, it was 3.9%. What this has been telling us is that more customers have been sticking with their subscriptions, which has been good for them.
Additionally, a couple of other metrics that everybody has been liking. If you look back since 2013, compound annual growth rate for new customers has been 10%. Average revenue per user -- this is another important platform metric -- has grown by 19% over that same time frame. This was actually one of those situations that on the surface looked really good.
Kline: Let me jump in there. When you talk about the average revenue per user, which over a lifetime has gone up 29%, that is the only piece of news long-term. They've been working for the past year to get a different type of customer, to get a corporate customer that's doing shipping. That customer is working at higher volume. They're going to be a higher-revenue-producing company. So, if you want to look at anything from this report -- honestly, the metrics of last year don't make sense anymore because they're largely not going to be in that business, or at least not on an exclusive basis with the best terms. It's not going to be the revenue driver it was. The fact that they've been able to use their shipping platform and get those mid-level companies suggests that this is a well-run business that has a chance of turning this corner as it moves into an entirely different business model.
Click here for the latest earnings call transcript for Stamps.com.


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US: Danone targets kids with Greek yoghurt NPD
Danone has launched a Greek yoghurt product in the US aimed at children.
The French group has introduced Danimals Superstars, which will compete with Chobani Champions, a kids line introduced by rival Chobani in 2011.
Danone sought to highlight the protein in the product, a common tactic among Greek yoghurt producers. It said Danimals Superstars had "twice as much protein as regular low-fat yoghurt".
The product, on sale across the US, comes in four-ounce, four-count packages. It has five flavours, including strawberry banana sprint and mixed berry half-pipe.
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United Kingdom: Latest beverage news & analysis
Stock Spirits posted a sharp drop in first half sales and profits today as Poland continued to underperform. Here just-drinks takes a look at the figures for each of the group's regions:
Not many business empires begin with a holiday to Peru. But that was the genesis of Chilli Marketing, which last week sold the UK rights of Swedish cider brand Rekorderlig to Molson Coors.
Two international beverage companies released financial results yesterday - SABMiller and Diageo - to differing reactions.
Cocktail mixers and syrups firm Funkin is now part of the AG Barr portfolio after the closure of a multi-million deal last month. Here, Funkin CEO Andrew King explains how he can help Barr grow its on-trade presence, why Angola is a new focus for cocktails and what he has planned for Irn Bru.
Yesterday afternoon, the Chancellor of the Exchequer announced his Budget for the UK. From Monday (23 March), the following duty changes will come into effect on alcoholic products sold in the country:
Molson Coors' Cornwall brewery, Sharp's, has released a limited-edition amber ale.
Britvic is continuing to cut sugar from its portfolio with the release of a sugar-free Tango Orange.
UK beer sales slipped in the past 12 months as the industry struggled against a football-free summer, new figures have shown.
Scottish brewer Innis & Gunn has released a seasonal Bourbon-flavoured ale in the UK.
AG Barr is to end production of its returnable bottles after a GBP5m (US$7.8m) upgrade at its bottling plant in Scotland.
Essential Health Products has launched an extension to its Qcumber range that is designed to be mixed with gin and vodka.
C&C Group's on-trade wine range Oliver & Greg's has overhauled its packaging, including a new slimline bottle.
Britvic is to launch reformulated ranges across its Robinsons Fruit Shoot My-5 and Hydro brands in a bid to reduce calories and sweetness levels.
Stock Spirits has posted a sharp drop in first half sales and profits, but said Poland's performance improved “significantly” after weakness in the country dragged on Q1.
Cava is losing heavily to Prosecco in the UK off-trade as sales for the Spanish sparkling wine dropped by 11% in the past year, new figures have shown.
We are well served in the drinks industry by quality advertising campaigns.
The garden shed is usually home to some spiders, a lawnmower and a few half-empty paint tins.
Here in London, the second Wine Week has kicked off to coincide with UK wine trade event London Wine Fair.
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India’s refusal to remove the 20% tariffs on Information and Communication Technologies’ (ICT) products has reportedly caused the trade deal between India and USA to fall through, The Hindu reported. India is concerned that removing these tariffs could open up the market to a flood of Chinese products, the report said. A bilateral trade deal was expected to be announced on the sidelines of the UN General Assembly meeting on September 25. However, after the meeting, President Trump said, “I think very soon we will have a trade deal. We will have a larger deal later on.” Was this deal expected? Numerous media reports had hinted at the announcement of this deal, either at the Howdy Modi event in Houston, or at the sidelines of the UN GA meeting. Who were involved in the negotiations? Indian Commerce and Industry Minister Piyush Goyal, and US Trade Representative Robert Lighthizer What did India want? Reinstatement of preferential market access to American markets under the Generalised System of Preferences (GSP) program that USA had revoked in early June. Facilitation of processes in agricultural product markets where it already had access (easier certification of food product irradiation facilities) Greater access in some agricultural markets (grapes, pomegranates) What did the US want? Apart from removal of tariffs on ICT products and smartphones, Washington wanted: Greater access to Indian markets for medical devices (stents and knee implants) and dairy products Removal of price caps (Trade Margin Rationalisation or TMR) on medical devices Scrap tariffs on motorcycles…
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PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
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Disneyland in California opened the doors to a brand new attraction this past weekend and it had everyone flying pretty high. The classic “Tower of Terror” elevator drop ride got a facelift and reopened as “Guardians of the Galaxy: MISSION BREAKOUT”.
A news station in Fresno, California sent reporter Cory James to the park not just to cover the grand reopening, but to take a ride, and well, he definitely had some strong feelings about it:
James said afterwards he had never been to Disneyland and had no idea what he was in for.
I’m not sure if the shrieks are that of pure terror or a strange display of excitement, but it all sounds like pure Disney Magic to me!


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Apple recently refreshed its 13-inch MacBook Air and MacBook Pro with Intel’s latest fifth generation Core processors. And upon further scrutiny, the two are more similar than you might think. But if you are getting one, there’s only one you should really consider. Let us tell you which one and why.
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Like many educators, Meg MacCurtin has a certain flair for stating the obvious. “If you’re seeing strawberries in December and January at your grocery store, that means they’ve traveled hundreds or thousands of miles to get here,” she says.
At a time when the man-made world is changing fast enough to make even the brightest among us feel a little dumb, MacCurtin and the rest of her colleagues at Greener Partners are out to prove that getting back to nature is a smart move. “Getting your food seems like a simple thing, but it can be so confusing and overwhelming,” says Jennifer Brodsky, Greener Partners’ COO.
Founded in 2007 by parents looking to cultivate a tangible connection among themselves, their food and the environment, Greener Partners has wasted no time in recruiting others to its cause. Based out of the Longview Center for Agriculture in Collegeville and Media’s Hillside Farm, the flourishing nonprofit maintains a CSA initiative, summer camps and a farmers’ market. Meanwhile, its educational programs teach children to be stewards of an environment they’ll eventually inherit and maintain. The organization’s reach even extends to CSA plots in low-come areas like Chester.
Continued on page 2 …
For Greener Partners, the grocery store is a classroom. Every kid knows they have to eat their fruits and veggies, and every parent knows organic is preferable. But what they might not know is that the organic, good-for-you produce flown in from South America can’t hold a candle to the fresh offerings grown here. And while the “urban greening” movement has been a godsend for cities, similar initiatives sometimes get lost in the suburbs. “People tend to forget what kind of an impact [not buying locally] has on the environment, not to mention the reduction in nutritional value that’s lost during travel,” says MacCurtin, who is Greener Partners’ education director.
Its Seed to Snack program brings the farm to the classroom at 14 local elementary schools. This monthly visit aims to foster the perception that food is something that’s actually grown (more of a revelation to some kids than you might realize), is meant to be healthy and should be appreciated even without the fancy packaging and chemical enhancements. Greener Partners reps bring along seasonal produce, which serves as both a snack and a valuable lesson, as students learn that broccoli, kale and arugula can be tasty and good for them.
For city kids, the SOL (sustainable, organic and local) Food Project at Philadelphia’s Gerard College teaches students to grow, cook and create meals together, using the on-campus garden for produce and herbs. “We don’t want to just get them involved in organic growing,” MacCurtin says. “We want them to taste, be inspired, and make a change in their lives because of it.”
Continued on page 3 …
Away from school, the same thing applies: Make a connection to food, and you make a connection to people. What’s lacking at many dinner tables is anything local—and it’s not just the economy that suffers. “Seeing kids come to our farms and watching them pull a carrot out of the ground—when they had no idea thatcarrots even came out of the ground—is a watershed moment,” says Brodsky.
More such moments come courtesy of Greener Partners’ Lost Arts workshops, which encourage whole communities to maintain a healthier, more sustainable lifestyle through cooking, cultivating, preserving and self-care. Courses are offered in making cheeses, jams and jellies—and even in maintaining a brood of backyard chickens. “The goal is for people to leave feeling empowered,” MacCurtin says.
Ultimately, Greener Partners wants us to feel good about what we put in our bodies. “It’s not just the food that nurtures us, it’s the local farm that nurtures the community,” says Brodsky. “That’s where we still have a lot left to learn.”
For more, visit greenerpartners.org.


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Essar groupâ€˜s BPO firm Aegis enters UK; to create 600 jobs in Manchester
Aegis plans further significant expansion across Europe, where a number of additional customer service centres will be opened during the next two years, Aparup Sengupta, Global CEO and Managing Director of Aegis, said in a statement.
"Our strategy is to ensure that people calling our centres get an excellent experience. The best way to do that is to have a strong onshore presence, rather than having offshore," he said.
Aegis, which is one of the world's largest outsourcing businesses with over 50,000 employees across 50 locations globally, is entering the UK and European outsourcing market at a time when strong market growth is forecast.
The multi-billion pound outsourcing market in the UK is expected to see significant growth in the future. Businesses in a variety of industry sectors, both public and private, are increasingly looking for efficiency improvements across all their operations, which is opening up fresh opportunities for skilled outsourcing providers, the company said.
The new facility of the company at Manchester will occupy 40 thousand square feet space in Piccadilly Gardens and will be operational by end of this year. Aegis will create 600 new jobs initially at this office.
The company made its decision to open a customer centre in Manchester following a consultation process with local businesses and civic leaders of the city. Aegis will service a number of blue-chip clients from the Manchester centre.
Commenting on the development, Lord Green, UK Minister of State for Trade and Investment, said, "This is a clear testimony of confidence in the UK economy and another success story of a large Indian conglomerate using the UK as a springboard for global growth."


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Bayer out of everywhere/FSA's web of deceit
John Vidal Wednesday November 24, 2004
Coming a cropper
GM companies seem to have finally given up on Britain. Last week, Bayer CropScience quietly dropped its last two GM seed applications. This means that from a high of 53 applications pending in 1997, there are now no GM seeds waiting to be approved. Bayer now prefers conventional breeding. Back in March, it said it would be pulling out of GM crop research in the UK; then, in June, it announced it would not pursue commercialisation of GM oilseed rape in Australia; and last week they also got out of GM in India, saying the future was conventional crop breeding.
Web of deceit
Could someone have a word with the Food Standards Agency? This government body has long backed GM food and thrown doubt on organic foods, and now has a spiffy new consumer website that could have been written by Mr Monsanto himself. Remarkably, the FSA does not mention one single doubt thrown up by years of government and industry research into the technology. When asked why, the FSA responds that "Defra, and not the FSA, is responsible for looking at the environmental impact of GM". See
more on the FSA: http://www.gmwatch.org/profile1.asp?PrId=43


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Post Published On:
The business world is at a critical inflection point. Organizations are increasingly adopting the latest technologies as part of their digital transformation journey. Data is expected to play a key role in helping businesses succeed in this journey and ultimately power the digital economy making it the ‘oil’ of the future. More than data, technologies such as Artificial Intelligence (AI) and blockchain are expected to have a profound impact on the digital economy.
In fact, the World Economic Forum has predicted a number of innovations that will shape the hyper-connected digital world and could become mainstream over the next 10 years. These include: tax being collected by government through blockchain; the first AI machine will be on the board of directors of a business; the first robotic pharmacist in the US; first transplant of a 3D-printed liver; and people wearing clothes connected to the Internet among others. Technologies like blockchain and AI are bound to change lives to such an extent that life without it would be almost unthinkable. AI can elevate the human workforce to meet challenges of the future and can create more jobs than it’s expected to displace.
In 2020, AI will become a positive net job motivator for UAE, creating 2.3M jobs while only eliminating 1.8M jobs, according to Gartner AI warrants the close attention of the board because it presents opportunities when applied well and risks when applied badly. Organizations that successfully exploit AI can disrupt the market, drive growth and manage commercial risks. Yet, AI technologies also present serious ethical, legal and programming risks that need to be managed carefully. What’s more, AI is poorly understood by businesses, with many organizations unsure as to when and where they should use it.
This technology can enhance complex decision-making processes, which is why it is viewed as a catalyst for transformation in every industry. When AI is combined with Big Data and analytics, it becomes an even more invaluable tool for finance functions as it can enable organizations to better understand their customers and even help create future strategies. Having said this, boards should understand how AI technologies are being applied inside and outside their organisations and ensure that they have the appropriate structures in place to manage ethical issues and understand how it is addressing the issue of algorithmic bias.
They also need to be aware of emerging frameworks, policies and legislation to ensure that their business has the right balance between algorithmic transparency and accountability. Furthermore, blockchain will transform trusted transactions just like the Internet did for communications. There are countless examples of where blockchain’s secure, shared ledger can save businesses time and money. Especially in the shipping industry where blockchain replace mountains of paperwork.
Instead of every single party – manufacturer, shipper, buyer and any other intermediary – all relying on their individual paperwork to track a shipment from beginning to end, blockchain would allow all stakeholders to see every step in an open, secure ledger. We are witnessing paradigm shifts in new business models and eco-systems to cope with the new technologies.
IBM leads the way
IBM clients chose IBM for a reason. IBM leads the way in a number of areas crucial to cognitive business. First, cognitive computing itself – with systems that understand all data. Second, analytics – IBM has the deep expertise you need. Third, cloud – offering 100% of relevant software on IBM cloud. In mobile, IBM developed iOS apps for each of twelve industries, in partnership with Apple. IBM security technology protects over 12,000 clients, including 90 of the fortune 100. Finally, IBM systems – with support for millions of transactions and quintillions of files and over 99.999% system availability.


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In China, one app rules them all. WeChat is integrated into nearly every part of the daily lives of smartphone owners: chatting with friends, booking a doctor's appointment, paying utility bills, and plenty more.
It's the kind of role that Snapchat would love to play in the U.S. On Tuesday, it took its first big step in that direction with an update that features a variety of integrations with other companies. Snapchat users will now be able to discover a place and then see hours of operation, book a reservation, and hail a ride to that location—all while staying in Snapchat.
Becoming WeChat isn't just Snapchat's dream. Facebook has been following a similar playbook over the last few years as it prioritizes mobile. Messenger has become the company's hub for connecting users to other people and businesses.
It's not an entirely new push for Snapchat. The app already had integrated similar WeChat experiences like music recognition (Shazam), magazine reading (via Discover partners), celebrity news (Official Stories), and sending money to friends (SnapCash).
But more than ever before, Snap has become a portal for connecting these utilities to people when and how the want them. It's a lucrative bet. If Snapchat can become where its users coordinate plans and buy things, it will become the hub for billions of dollars in transactions—and Snapchat will inevitably take a cut.
Snap CEO and cofounder Evan Spiegel is now speaking more publicly about this mission as his company faces the public stock market and growing competition from Facebook.
"This experience is really only possible if you’ve created an ecosystem where people feel comfortable creating a huge amount of content and where people feel comfortable expressing themselves,” Spiegel told the Financial Times in a rare interview. “We are just at the beginning of powering that experience."
Convincing someone of Snapchat's worth hasn't gotten easier, as Facebook offers similar features and a much larger audience. Slowly and deliberately, Snap is showing they can offer more to their community on and off their devices.
Snap isn't building everything, of course. OpenTable is integrated for restaurant reservations. Lyft is a partner ride-hailing app. For Snap Inc., the portal to these experiences is Snapchat. So far, Snapchat has bet on one app to dominate smartphone owner's lives on their phones.
Facebook has been making its WeChat bet via Facebook Pages, Messenger, and Instagram. Facebook users could potentially book a doctor's appointment, pay friends, and hail an Uber all via Messenger. Some business partners communicate with users via automated bots, while others rely on humans on the other end. Instagram has been adding more shopping functionalities for users and businesses.
Unlike Facebook, Twitter, and Google, Snap's portal is driven by images. That idea isn't difficult to grasp for children who grew up with cameras in their hands. Image search isn't a brand new concept -- Google, Facebook, and Twitter all store billions of images -- but on Snapchat, an image is the entry point for its WeChat-like portal. Texts comes after or sometimes not at all.
For Snapchat, the strategy has been build one perfect app with multiple experiences. Snapchat has Camera, Chat, Stories, Discover, Search, Bitmoji, Memories, and Maps all within the Snapchat app.
Spiegel's company is slowly layering and integrating each of these experiences. On Snap Maps, users see Stories and Bitmoji and can tap on icons to enter Chat.
Snap is focused on building the best portal for a smartphone. The app is arguably better on iPhone than Android, but it's clear that that will change. Backchannel noted Spiegel was using a Samsung phone in a recent interview.
Of course, mobile may not always be the most important device for daily usage. Facebook is placing bets on owning the next hardware play: virtual reality. Apple, Amazon, Google, and Facebook are building speakers with voice recognition. There's also that whole artificial intelligence thing.
But Snapchat might be able to establish its place without any of that fancy stuff—if it can become the WeChat of America.


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Olam International has created a digital sourcing tool called AtSource, which will trace the journey of raw materials and allow manufacturers to assess the environmental impact of their supply chains.
AtSource tracks the social and environmental footprint of a product from the farm all the way to its arrival at retailers, and displays this data through a digital dashboard.
Olam claims that the tool provides “unrivalled environmental and social insights into the journey of agricultural raw materials and food ingredients from the farm to manufacturing and retail customers.”
The Singapore-based agri-group says that the data gathered by AtSource will enhance its ability to trace the environmental impact of the 4.7 million farmers in the group’s supply chain.
AtSource will initially incorporate five product supply chains: Cocoa and cashews from the Ivory Coast, coffee from Brazil and Vietnam, and onions and garlic from the US.
Olam says that it aims to make its entire range of products and ingredients ‘100% AtSource ready’ by 2025.
Co-founder and group CEO of Olam, Sunny Verghese said: “Leading companies in the food sector have been investing significantly in social and environmental programmes to source their raw materials more sustainably, but change is not happening fast enough.
“In the current context I would say it is impossible to state how much of the world’s food supply can be considered truly sustainable. It is the old adage that if we cannot measure it, we cannot improve it.
“AtSource will provide our customers with the most comprehensive sustainable supply solution for their raw materials. With AtSource we can now deliver the critical sustainability factors for the long-term resilience of a crop or ingredient from a particular producing country or region.
“Using this information we can drive meaningful improvements through the supply chain from farm to customer. Make no mistake, capturing this information at scale and across all our supply chains will be a huge and costly task.
“But as the company closest to the farmer, we believe AtSource is a key driver in helping us to re-imagine global agriculture, by starting to mainstream sustainability before it is too late.”
© FoodBev Media Ltd 2022
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A double digit growth rate above 10% in B2C ecommerce sales in Western Europe is expected for 2013. Total ecommerce sales in this region are expected to reach over 300 billion euros by 2016, as cross border shopping continues to gain popularity among European consumers.
We all know Facebook, Twitter and Google+. But what about the local social networks in Europe, like Hyves, Tuenti or Yonja? Say you want to expand your ecommerce business to Spain, do you know on which social network you can reach the youngsters? We do! Let’s have a look at some popular social networks in Europe.
Nowadays it is commonplace to buy books, music, clothes or electronics online. Buying groceries online isn’t. But that’s about to change in Europe as several supermarkets are starting to embrace ‘online’ as a sales channel. In particular, France is trying to capitalise on the trend. About 20 percent of the population is already using drive-through collection for grocies ordered online.
Dixons is to sell its French ecommerce business Pixmania, while also getting freed of its loss-making Turkish company ElectroWorld. Four months ago Dixons said it would like to sell Pixmana and if that proved impossible closure of the operation was an option. By selling Pixmania and Electroworld Dixons can now focus on markets where they have leading positions.
Otto Group, one of Europe’s biggest online retailers, wants to fully acquire the ecommerce assets of Groupe 3SI, a huge online retail company in France. Otto already owns a 51% stake in the company since 1981, but now wants the whole ecommerce deal.
A new ecommerce platform called To The Tops has launched in the United Kingdom, France and Scandinavia. Its goal is to get as successful as other celebrity curated ecommerce platforms like BeachMint. Retired soccer player Patrick Vieira and singer Kimberly Wyatt are some of the names lending their support.
Ecommerce sites in France are hiring more people than the year before and the number of ecommerce jobs is expected to continue to grow in 2013. And that’s pretty good news, considering the fact the French economy is officially in recession. While unemployment in the Western-European country is rising, the ecommerce industry continues to be one of the few sectors that created jobs.
Rad, which is a French dicovery platform for fashion, art and design products, has raised 2,5 million euros in funding. They received this amount of money in a Series A investment round led by Index Ventures. With the investment Rad likes to expand its site to the United Kingdom and Germany.
Sarenza sold their 7 millionth item. The French online shoe store achieved this milestone after eight years of existence. More notable is the fact it already sold 1 million items in the last four months. Sarenza wants to grow even further by launching a mobile online store.
Here in Europe it´s not all about credit cards. There are actually many, many different online payment methods. Let´s have a look at what customers in certain European regions and countries tend to use if they order goods online. You´ll notice common names like Paypal, but also some very local ones, like Dankort.


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Apple CEO Tim Cook Talks Accessibility With Three Accessibility Activists
In honor of Global Accessibility Awareness Day, which takes place tomorrow, Apple CEO Tim Cook sat down with three YouTubers to discuss the Accessibility features built into Apple’s iOS and Mac devices.
Each of the three YouTubers, who met Cook at Apple’s campus for coffee, have shared their conversations with the CEO on their respective YouTube channels. All three, including legally blind filmmaker James Rath, deaf advocate and vlogger Rikki Poynter, and actress Tatiana Lee, who was born with Spina Bifida, talked about the Apple products that they use in their daily lives. The three interviews can be watched below.


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Kalla Luxury Floral Boutique Launches
Exclusive-to-Miami luxe online floral boutique, Kalla.com, launches with its sights set on providing homes with awesome blossoms.
For truly awesome blossoms, look no further than recently launched Kalla.com. Exclusive to Miami, the online purveyor of posh petals brings a personalized touch to home delivered floral arrangements.
“The floral industry has become saturated with generic arrangements and an assembly line approach — particularly when it comes to online and mass market retailers,” Kalla’s lead floral designer Addie Flynn (pictured here) says. “We wanted to bring a hand-crafted, personal connection back to flower delivery — while at the same time offering products that are incredibly unique and modern. Every relationship and occasion is different, so the craft and thoughtfulness that goes into each Kalla delivery makes it all the more meaningful," Flynn adds.
How so? Senders choose from a curated selection of limited-edition bouquets, which vary according to season. Each bouquet has its own story, inspired by a legendary pairing — from star-crossed lovers to artists and their muses to unforgettable friendships — creating a thoughtful design (prices range from $95 to $270).
Upon purchase, bouquets are arranged, fully bloomed, in the brand’s signature boldly patterned vases. Then comes the pièce de résistance — bouquets are placed standing in a chic patterned gift box, featuring the work of specially-commissioned painters making each unveiling a truly WOW-worthy exerience.
Farewell, mass-market posies. Hello, floral couture.
- New Sunglass Shop Opens in Wynwood
- Brazil’s Cure for Cellulite Takes Midtown
- beGlammed On-Demand Beauty Service Launches in Miami
- Discover Finds, a New South Miami Accessory Boutique
- September is National Yoga Month
- Market Man Opens in South Miami
- SEPHORA Opening in Coral Gables
- Kit and Ace to Open Soon
- Capretto Shoes to Host Two Stylish Events
- Dolphin Mall Keeps Growing


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The latest addition to a relatively young industry, blockchain gaming has yet to lose its mystery. Many are still unsure what to make of it, and the ever-changing gaming ecosystem does little to help.
However, those deeply involved in blockchain gaming believe its promise of player-owned assets and circular token economies are the natural evolution of entertainment, one that will change the way the world views gaming.
One such person is Anthony Yoon, a general partner at ROK Capital. In an interview with CryptoSlate, Yoon said that he believes the future of gaming is on-chain, which is why his fund has backed several blockchain gaming projects that want to enter the Korean gaming market.
The fund has backed play-to-earn mobile esports organizer power up tournamentswhich also functions as a streaming platform with payments in cryptocurrencies and NFTs. CyBalla soccer-themed P2E blockchain game, and nine chroniclesa fully decentralized RPG, they also make up ROK’s GameFi portfolio.
And while Yoon’s optimism about the market is hard to beat, he is aware of the challenges ahead.
One of the biggest challenges of GameFi projects is their attempt to compete with established games from big studios. Yoon said that there has been an increase in emerging GameFi projects that want to take on AAA games from Ubisoft or EA, almost all of which are doomed to fail.
“The number of on-chain games that warrant the coveted AAA badge can be counted on two fingers,” he told CryptoSlate.
Yoon and his fund are aware of this and have taken a completely different approach.
Instead of trying to find GameFi projects that can compete with well-funded games, ROK Capital is looking to bring traditional game studios into the blockchain space. Yoon says that there are many “cryptocuriosity studios” interested in blockchain games.
“AAA studios that released games for millions of users and generated hundreds of millions or billions of revenue from those titles are now interested in exploring how to integrate crypto.”
With Yoon’s native South Korea being the fourth largest gaming market in the world, even the smallest increase in GameFi adoption could boost the nascent industry into the millions. The country is a mecca for game developers, most of whom could easily transition to blockchain gaming.
“We are excited for the world to see strong Korean developers in crypto coming from a space that Korea does best: gaming.”
Crypto is here to stay, just like GameFi
But, despite the unprecedented growth of the GameFi segment of the market, most of the projects competing in the space won’t arrive until the next bull run. While Yoon is aware of this, he also believes that cryptocurrencies and blockchain technology are not going anywhere. As an investor, he sees value in the industry and hopes that traditional venture capitalists will become increasingly interested in the space.
“From a capital allocation perspective, blockchain and crypto are here to stay,” he told CryptoSlate. “My advice to non-crypto venture capitalists looking at the space is to treat crypto as an emerging asset class where it is worth allocating some capital from traditional asset allocators.”
Yoon believes that the Darwinian nature of the crypto industry, in which only the best ideas and strongest companies survive, is what will sustain it for years to come.
“If cryptocurrencies can survive the market crash and lender crash of 2022, they will surely be able to handle anything else that comes their way, from overzealous regulators to predatory hackers lurking north of the Korean border.”
The influx of talent into the cryptocurrency and blockchain industry will further strengthen that foundation.
“In the 2018-2019 cycle, we saw a lot of tourists coming and going, but in this cycle we are seeing a lot of technical talent over-indexed in construction. We have also seen native crypto funds that have been around for a while extraordinarily well and now have larger balances to deploy in the space,” he explained.
Yoon believes it will be another year until we see what the blockchain gaming industry is capable of. Only when more GameFi projects roll out their alphas and we see more AAA studios enter the space will the industry reveal its true potential and show that it’s here to say it, she said.


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Mobile Money’s Innovation Crisis
Dr. Bill Maurer is Professor of Anthropology and Law at the University of California, Irvine, and the Director of the Institute for Money, Technology and Financial Inclusion. Dr. Olga Morawczynski has spent the last five years studying mobile money applications. She has undertaken research in numerous countries including Kenya, Tanzania, Uganda and India. Currently, Olga is with the Grameen Foundation (AppLab) in Uganda. She is developing and testing applications to increase the adoption and usage of mobile money products amongst the poorest segment of the population.
Back in March, Mark Pickens wrote an interesting blog about innovation in the mobile money space. His main argument after attending the Mobile World Congress in Barcelona—not much has changed in the industry. The majority of mobile network operators (MNOs) are introducing clones of M-PESA and not too many of them have gone beyond payments. After attending the recent Mobile Money Summit in Rio, we can confirm that Mark is right. There are plenty of new players in the industry, but what is really new aside from the recent launch of M-KESHO? More interestingly, why are we not seeing more innovation in this space?
Our position is that if MNOs focused less on creating the right “ecosystem” (the buzzword of the moment, Jan Chipchase reminds us) and more on thinking about and piloting new products, things would be very different. There may also be one partnership in particular that could be hampering innovation—that with the banks. Historically, these two players have taken very different strategies for new product development, especially in resource poor countries. People are quick to fault the regulators for stifling innovation. But the regulator is really a scapegoat when the traditional partners in the ecosystem engage in anti-competitive practices.
MNOs and device manufactures have been excellent at innovation and product design. Oftentimes taking the lead from poor customers, they are quick to spot new trends and to harness them into new products and services. They quickly realized that if their products were to be scalable the pricing structure would have to be suited to the erratic income inflows of this segment. So they introduced pay as-you-go services, which allowed individuals to top-up when they had cash but did not exclude them from the mobile system when they didn’t. This is quite different to the minimum balance and monthly fees required by banks. And it was the MNOs who rocked the financial landscape by bringing mobile money to the village and the slums—locations which few banks have dared to enter. Given these very different focuses and ways of doing things, it is no wonder that MNOs have become less innovative as they expand their network of financial institution partnerships.
So what can be done then to really spur new product ideas in this space? Unless banks and financial institutions are ready to start thinking more creatively – and we do not doubt that some are – we have to look for ways to allow innovation to come from the rest of the ecosystem: from customers at the bottom who set devices and services to new and unexpected purposes; from creative new entrants who go it alone before seeking partnerships; from operators concerned less with the leverage potential from banking the unbanked and more with people’s everyday livelihoods, real needs, and creative interventions.
-Bill Maurer and Olga Morawczynski


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Nike unveils a new range of sports apparel for men and women
COLUMBIA, S.C. — Nike has unveiled a new line of sports gear for men, women and children.
The Nike Sports Academy collection will hit stores starting March 4, featuring sportswears from Adidas, Reebok and Nike, as well as other companies like Adidas and Reeboks.
The collection includes the Nike Sportswear Academy, a new collection of athletic apparel that focuses on running, swimming and cycling, the Nike Academy Classic, which features high-performance sportsswear for men with athletic apparel for women, and the Nike Sports Fitness Academy, which includes lightweight athletic apparel.
“Our sports apparel collection is based on Nike’s signature Nike-inspired designs that are designed to keep you in peak condition while maintaining your style, while maintaining style,” said Scott Hickey, global brand vice president of Nike Sports.
“We’re offering athletes a range of high-quality gear for a wide range of body types and fitness levels, and we’ve added a number of exclusive styles for women.”
For men, the collection includes lightweight running gear and shoes, including Nike Air Max, Nike Fuel and Nike Fuel II.
For women, the line includes lightweight sportswearing for women that includes Nike Air Jordans, Nike Air Boost, Nike Fit and Nike Sporty, as a way to incorporate more of a sportswatch feel into everyday wear.
Nike said the collection will also include lightweight running shoes that can be worn on the run and can be customized to suit each individual runner.
The new collection comes as Nike has continued to build its athletic apparel business, which has grown to include sports gear, footwear, apparel and accessories for more than 140 countries.
Nike has also added a series of high performance products for athletes.
Nuggets basketball star and Nike Basketball team ambassador, Jahlil Okafor, was one of the first celebrities to wear Nike Sports Basketball gear in 2015.
Okafor wore Nike Sportbloks during his team’s games and was also featured in a Nike ad featuring Okafos iconic dunking pose.
The brand said in a statement that it is a great way for Nike to build a relationship with athletes across all sports, especially at the youth level.
“Nike’s Nike Sport Academy line is geared to providing high-end athletic gear for athletes in their early 20s,” said Tom Miller, Nike Sport Brand Marketing Director.
“These products are designed with athletes in mind, so the latest innovation includes new materials and innovative technology, which helps athletes stay in peak shape while maintaining their style.”


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GTA 6 is well and truly in development, but you're nowhere near getting your hands on it. Not according to a former Rockstar insider anyway.
GTA is clearly one of the flagship licenses in video game history and the oldest undoubtedly remember this magnificent outcry caused by the first episode of the franchise in its time. And all the strong criticism of associations for the defense of family rights.
Since then, of course, the years have passed and the genre has finally established itself in the landscape.
GTA 6 is not for now
Better yet, some episodes have even met a completely crazy success, like the immortal GTA 5. Not content with having accompanied us on PS3 and Xbox 360, the title will have known two other generations of consoles. Available for a while on PS4 and Xbox One, it will indeed be released this year on PS5 and Xbox Series X | S.
And that's not to mention GTA Online, its multiplayer mode, which seems set to write its own story .
Yes and precisely, given the success of GTA 5 and GTA Online, we are entitled to wonder if Rockstar really intends to give us a new episode in the near future. It seems that this is not the case, at least not according to @ Yan2295.
Rockstar don't need to hurry
The latter, who would have worked for Rockstar Games, has indeed indicated on Twitter that if GTA 6 was indeed in development, a launch was not on the studio's agenda. In reality, it would be even worse than what we think since the insider specifies in his message that the release of this new episode was not scheduled for soon.
In other words, if you thought you could get your hands on GTA 6 this year, your prerogatives would have to be changed. At best, the title wouldn't be released until next year, if not the year after.
And in the end, we can not say that it is very surprising. Rockstar's finances are doing well and GTA 5 continues, quietly, to smash all records. So much so that launching a new episode now would be almost a waste.


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All 4 airs interactive sponsorship idents during Hollyoaks
Channel 4 will be airing the first ever interactive sponsorship idents for Domino’s as part of a long-running partnership with Hollyoaks.
Airing on All 4, it means viewers will be able to click through the sponsored idents to take advantage of exclusive offers and deals.
"We’re really excited to launch the first ever interactive sponsorship idents with Domino’s. This latest innovation from 4 Sales has enhanced our sponsorship offering in the digital space and helped us to continue to create a real buzz for our sponsors,” explained Rupinder Downie, partnerships controller, sponsorship at Channel 4.
4Sales’ ispon format is the first ever interactive digital sponsorship format on the market. It was developed by video technology partners Innovid.
“We’re very proud to be the first brand to feature interactive sponsorship idents. This is a great way to build on our existing partnership to provide Hollyoaks viewers with exclusive Domino’s offers, which allow them to click through and purchase with ease,” added Emma Hackett, national brand manager at Domino’s.


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ORANGE BEACH, Alabama -- Hundreds of wine lovers gathered under a tent for the Waves of Wine Festival Festival on Saturday afternoon.
Now in its second year, the festival is held in the shadow of Perdido Pass Bridge and is sponsored by Caribe Resort. Rain was predicted but held off for the entire day.
Among those in attendance was Alison Lyons, of Daphne, Ala. Her favorite vino of the day?
"Well, I can't pronounce it but it was a Chilean wine," Lyons said, holding an official Waves of Wine glass. "I just called it by its number today."
Angie Wyckoff of Caribe Resort spent the afternoon checking people in. "It's really been an amazing event. We've had several hundred people pass through today," WycKoff said.
Farrah Philma of Nashville was in town for vacation and decided to buy the $55 ticket.
"It's worth it if you like good wines," Philma said. "And they are definitely some good wines here today. We had a great time."
Jeff Marsan of Arkansas had to be convinced to go to the wine festival. "I'm not a huge wine drinker but my wife is so we came," Marsan said. "But I was happy to see there was craft beer here, too. That made it all better."


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I don't drink milk, certainly not as a beverage, but do enjoy yogurt and ice cream. Never have been a big milk drinker.
But it appears that milk consumption has declined in recent years.
According to the WSJ:
Per-capita U.S. milk consumption, which peaked around World War II, has fallen almost 30% since 1975, even as sales of yogurt, cheese and other dairy products have risen, according to U.S. Department of Agriculture statistics. The reasons include the rise in popularity of bottled waters and the concern of some consumers that milk is high in calories.
Read the whole article here: http://online.wsj.com/article/SB10001...
Are you drinking less milk?


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It looks like the US government may finally be taking a proactive step with cybersecurity.
The White House has poached Google employee Peiter Zatko, who just announced that he is moving from Google to a nebulous new post with the federal government.
What’s of note is the “#CyberUL” admission. UL, explains Re/code, stands for Underwriters Laboratories, an old company that’s existed for more than 100 years that performs safety tests for products. It seems Zatko will be creating a program for the federal government that does safety checks but for cyber products.
Read the Full Article: Source – Business Insider


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When aggregation/news-reading apps are first launched, their founders tend to emit a hazily rose-tinted view of future revenue prospects. Flush with venture capital, a fledgling startup’s first priority is not to decide whether a lucrative future lies with a freemium model, paid subscriptions, and/or targeted advertising; its initial goal is to provide the best possible service and to build an “audience of significant scale”– the rest will (hopefully) fall into place. This is no longer the case for Flipboard and Pulse, two major apps in this category, which have each been around for over two years and have attracted 20 million users respectively. No longer hatchlings, these companies are entering the phase of concretizing their revenue plans, and the strategies they have selected are sharply divergent.
Where revenue from advertising is concerned, both companies are having to confront the same off-putting odds: despite a great deal of optimism about the untapped opportunity to be found in mobile advertising, it is projected to represent less than two percent of all U.S. spending on marketing this year (or approximately $2.6 billion), even though ten percent of Internet traffic is now coming from mobile devices, reports the Wall Street Journal. Furthermore, mobile ad space goes for peanuts: while an ad in a national newspaper can be priced at $50-$100/1,000 viewers, it costs an average of $2.85 to reach 1,000 viewers through a mobile advertisement, according to Opera Software ASA, a mobile-browser firm.
Undaunted, both news-reading apps are plunging into different areas of mobile advertising. Flipboard, true to its social, magazine-like approach to aggregation, is opting for magazine-like ads with social elements. An example is this autumn’s Levi’s campaign, which AdAge describes as both a “branded magazine” and a “social catalogue.” The ad lets users browse through— and purchase from— the denim company’s fall collection within the app, and allows them to share images on Facebook and Twitter. The campaign ran within nine publications’ Flipboard feeds throughout October, including Vanity Fair, Glamour, Elle, and Marie Claire. According to the recent GkF MRI iPanel Report, a quarterly examination of Consumers, Tablets and E-readers, this is in line with tablet users’ wants. The study found that over half of tablet owners said they were “very interested” in the advertising that appeared within their apps, with 66 percent of millenials calling themselves “very interested” in the advertising that appeared within at least one genre of app, the most popular being shopping/retail.
Pulse’s approach, on the other hand, eschews invasive ads in favour of sponsored content, which it is embracing as its sole source of advertising revenue. Sponsored posts can come in text, image or video form; an example is an article in the business category entitled “The Next Big Thing in China: Coffee," paid for by global investment management firm T. Rowe Price. Publishers get a slice of ad revenue if sponsored content is posted inside their content feed, or if they bring the advertiser on board. In the near future, Pulse is planning to let advertisers embed sponsored posts that allow readers to purchase tickets for the cinema or schedule test drives from within the app. So far, this approach has been earning Pulse approximately $300,000 a month— a modest sum that co-founder Akshay Kothari expects to see increase considerably, given that the company has just hired its first advertising executive, Jordan English.
“It’s tempting to just put a banner ad at the end of each story,” AdAge quotes Kothari as saying; “we’d be profitable and making real money.” Indeed, banners account for almost $1 of every $5 spent on mobile advertising in the U.S. However, readers tend to consider this “spray and pay” approach to be “cheap, crude, and annoy[ing],” according to the Wall Street Journal, not to mention ill-suited to the mobile experience. “The canvas is getting smaller,” wrote Dmitry Shevelenko, the Head of Monetization Products at Pulse, in an email to AdAge. He added that invasive advertising tactics such as full-page “takeovers” are “largely irrelevant on intimate devices,” asserting that “brands are at their best when they are unshackled and can focus on being powerful storytellers.” However, while they may be less irritating than “takeovers,” sponsored posts come with their own caveat; if insufficiently marked, this form of marketing can be misleading for readers, and potentially damaging to a publication’s reputation.
As for subscriptions, Flipboard and Pulse are once again on different tracks. The former announced a deal with The New York Times in June that marks the first time The Times is feeding its metered paywall protected content through a third party, but sees the app pocket none of the revenue from subscriptions. Pulse, meanwhile, almost simultaneously struck a deal with the Wall Street Journal, allowing it to offer three low-priced packages ($0.99-3.99/month) of highly specified content (editor’s pick, technology or politics). In this case, the revenue is divvied three ways— between the platform provider, the publisher, and Pulse. So far, the sales are “decent,” said Kothari, who expressed a desire to expand to an entire category of paid content on the app within a year.
It is too soon to tell which elements of these strategies, if any, will allow Fliboard and Pulse to successfully dig into mobile news’s mythical revenue potential. Still, anyone with an eye on the mobile news landscape would do well to pay close attention.


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- Retail workers around the US are being furloughed and laid off as the coronavirus pandemic continues.
- JCPenney, Gap, Kohl's, Macy's, and Victoria's Secret are among the retailers taking these measures to cut costs during this time.
- Both Everlane and Rent the Runway have permanently laid off staff.
- Visit Business Insider's homepage for more stories.
Hundreds of thousands of retail workers across the US have been furloughed from their jobs until further notice as their employers take drastic measures to cut costs during the coronavirus crisis.
The retail sector has been hit hard over the past few weeks and months, and for conflicting reasons. While grocery chains and food delivery companies are scrambling to meet surging demand, other retail businesses deemed "nonessential" by the government have been forced to shutter stores and are now finding that a large portion of their business has dried up.
Store closures across the country are taking their toll on the people who previously worked in these now-shuttered locations and who now find themselves without a paycheck.
Below are some of the major US retailers that have announced temporary and permanent layoffs in recent days:
If you are a retail worker that has been furloughed and have a story to share please contact this reporter via encrypted messaging app Signal at +1 (646) 768-4716 using a non-work phone, by email to firstname.lastname@example.org, or Twitter DM at @MarySHanbury.
Coach, Kate Spade, Stuart Weitzman
Tapestry, the parent company of Kate Spade, Stuart Weitzman, and Coach recently announced that it would lay off around 2,100 store workers effective April 25.
The vast majority of its remaining workforce would be paid through May 30. If stores are not reopened by then, these workers would be furloughed at that point.
From April 19, Best Buy will furlough around 51,000 of its hourly store employees, which it said would include the majority of its part-time workers. It employs around 125,000 people across the company.
The company said the majority of its full-time store workers and field employees – in-home advisors and repairs workers – will stay on the payroll.
Furloughed workers will receive health benefits for the next three months.
TJX Companies, which owns TJ Maxx, Marshalls, HomeGoods, and Homesense, and employs around 286,000 people globally, said it would be furloughing the majority its store and distribution workers in the US and elsewhere.
These employees will be paid until April 11 and will continue to receive benefits during the period that stores are closed.
In the past few weeks, sales at buzzy luggage startup Away have taken a battering as travel comes to a standstill in the US and Europe, where the majority of its customers are located.
In a blog post, the company cofounders Jen Rubio and Stephanie Korey explained that because of this they had made the decision to furlough half of the company's staff and lay off another 10% A spokesperson confirmed to Business Insider that 60 workers would be laid off in total.
Laid-off workers will receive a minimum of eight weeks of severance pay; the company will also cover the costs of their healthcare benefits until the end of June, it said.
Meanwhile, furloughed workers will be paid their wages and benefits in full until stores reopen with the "aid of government assistance," Rubio and Korey said.
Abercrombie said it would be furloughing all of its store workers from stores across North America, Europe, and the Middle East starting April 12.
The company said these workers would continue to receive benefits and that it would cover 100% of their health premiums.
American Eagle furloughed all of its store, field, and corporate associates starting April 5.
These employees will continue to receive benefits during the temporary layoff, and the company said it would cover 100% of their healthcare premiums until the end of the month.
Hobby Lobby announced April 3 that it would be closing all of its stores nationwide and furloughing a large portion of its workforce including corporate, distribution, and store workers.
The company has come under intense scrutiny in the past few weeks over its handling of the coronavirus outbreak. Business Insider's Bethany Biron reported that the company had defied state-mandated orders, which called for the temporary closure of nonessential businesses, by quietly reopening its stores in several states.
Under Armour announced at the start of April that it would be furloughing all workers at its full-price and outlet stores, along with 600 distribution center workers based in the US.
Any corporate employee who is at an executive vice president level or above, along with the entire board of directors, will see a 25% cut in salary during the crisis.
Employees who are furloughed during this time would be eligible for healthcare benefits for the next two months.
Off-price chain Ross Stores said at the beginning of April that it would temporarily furlough most of its store and distribution center workers until it's back up and running again.
These workers will not be paid during this time but will continue to receive health benefits.
Bed Bath & Beyond
Bed Bath & Beyond extended store closings on April 2 through May 2 and said that it would be furloughing the majority of its store workforce along with some of its corporate employees.
Store workers will stop receiving pay from Friday onward but the company said it will continue to cover 100% of the cost of healthcare premiums for any associates that are participating in these programs.
The Cheesecake Factory
The Cheesecake Factory is furloughing 41,000 restaurant workers during the pandemic, which is the majority of its restaurant workforce, which as at the end of 2019 amounted to 44,900 workers.
The company said that impacted workers would receive benefits and insurance through June 1 and will be offered a daily free meal at a Cheesecake Factory restaurant.
Sephora laid off over 3,000 of its 13,000 US store workers at the end of March after closing all of its stores.
In a statement announcing the news on its site, the company said that workers impacted by the layoffs had been at the company for a "short tenure and worked limited hours."
In conversation with Business Insider's Shoshy Ciment, one laid-off worker described being told about the changes via conference call.
At the end of March, JCPenney announced that its stores would remain closed for the time being and that a "signification portion" of store workers and corporate associates would be furloughed in early April.
Workers in its supply chain and logistic centers were furloughed on March 20.
"Furloughed associates who are currently enrolled in the JCPenney benefits program will continue to receive full health benefits, and the Company plans to cover 100 percent of employee-paid premiums for the duration of the furlough," the company said.
Macy's CEO announced on March 30 that the majority of the company's workforce would be furloughed during the pandemic, explaining that having "cash sufficiency" during the crisis was the top priority at the moment.
Impacted employees will not be paid during this time but will remain employed by the company. They will continue to receive healthcare benefits through May.
JCPenney confirmed that it would furlough many of its 85,000 employees.
The company said the furloughs would affect a majority of its hourly store employees starting April 2.
JCPenney will also furlough a "significant portion" of its corporate workforce starting April 5.
The furloughs will affect employees at its headquarters in Plano, Texas, as well as its offices in Salt Lake City and New York City.
Many of the company's employees in supply chain and logistics centers were previously furloughed on March 20.
Victoria's Secret and Bath & Body Works
Victoria's Secret is one of the few retailers to shut its brick-and-mortar locations and online store, though the latter was for only a week. Its part-owner L Brands announced at the end of March that it is furloughing the majority of its workforce at Victoria's Secret as well as at its sister brand Bath & Body Works.
These workers would be furloughed starting April 5 until further notice, the company said.
Kohl's extended its store closures until further notice on March 30 and at the same time furloughed all of its store and store distribution center associates along with some corporate office employees.
These workers will not be paid during this time but will continue to receive health benefits.
Gap Inc. confirmed on March 30 that stores would remain closed beyond its initial deadline of April 1. Because of this, the company has chosen to furlough the majority of its store teams across the US and Canada. And as the retail giant owns Gap, Old Navy, Banana Republic, and Athleta, along with a selection of smaller brands, this decision will impact thousands of workers.
While it will be cutting pay during this time, these workers will continue to receive benefits until stores reopen.
Trendy clothing brand Everlane laid off more than 200 workers this month and furloughed a further 68, according to a recent Vice report.
All of the retailer's stores are currently closed.
Nordstrom said it would furlough "a portion of corporate employees" starting April 5 and lasting for six weeks.
A spokesperson for the company did not respond to Business Insider's request for comment on whether store workers were included in this.
Rent the Runway
Concerns about the safety of rental products and the fact that many consumers are on lockdown and aren't going out mean that the rental sector is being badly impacted by the pandemic, Neil Saunders, managing director of GlobalData Retail, said in a recent email to Business Insider.
Rent the Runway has taken action to temporarily close its stores and has since laid off all of its retail workers, according to a Verge report.
Ann Taylor, Lane Bryant, and Loft
Ascena Retail, the parent company of Ann Taylor, Lane Bryant, and Loft, recently furloughed all of its store workers and around half of its corporate staff. Workers that were enrolled in medical benefits will continue to receive them during this time, the company said.
Some of its corporate workers who were not furloughed saw cuts of between 10% to 45% in their base salaries. The company's interim executive chair Carrie Teffner and CEO Gary Mutoboth confirmed in a company press release they would take a 50% cut in their salaries during this time.


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- Who owns the most stock in Uber?
- Who turned down Uber?
- Does Jay Z have shares in Uber?
- Was Uber on Shark Tank?
- Who has invested in Uber?
- Does Ashton Kutcher own Uber?
- Did Mark Cuban invest in Uber?
- Who turned down 30 million on Shark Tank?
- How much did Gary V invest in Uber?
- Is Uber owned by Saudi Arabia?
- Who is the owner for Uber?
- Why did Ashton Kutcher leave Shark Tank?
- Who is the best shark to partner with?
- How much of Uber does Jay Z own?
Who owns the most stock in Uber?
Travis KalanickTravis Kalanick – $5 billion He’s still the largest individual Uber shareholder.
He owns nearly 114 million shares, or about 7% of the company..
Who turned down Uber?
Back in 2010, long before ride hailing startup Uber became a tech “unicorn” worth billions, founder and former CEO Travis Kalanick offered billionaire investor Mark Cuban the chance to invest. He turned it down.
Does Jay Z have shares in Uber?
Jay-Z has $220 million in cash and investments, including a stake in Uber worth an estimated $70 million, which he originally purchased for $2 million. His streaming service Tidal – which was launched in 2015 with the help of celebrity investors, including wife Beyoncé – is estimated by Forbes to be worth $100 million.
Was Uber on Shark Tank?
This company has come a long way since Siminoff first appeared on ABC’s Shark Tank in 2013.
Who has invested in Uber?
SoftBank Vision FundUber’s biggest investor is SoftBank Vision Fund, which has collectively invested $9.3 billion into the company. In addition to well-known investment banks like Goldman Sachs and Morgan Stanley, many angel investors backed the company early-on during its launch phase.
Does Ashton Kutcher own Uber?
Ashton Kutcher’s Uber investment made him the ultimate celebrity investor. The former That ’70s Show star, alongside music manager Guy Oseary, has invested $500,000 in Uber, starting in one of its first rounds. … A-listers like Gwyneth Paltrow, Jay-Z and Oliva Munn confirmed to Forbes that they have invested in Uber.
Did Mark Cuban invest in Uber?
Mark Cuban had a chance to invest in Uber and he missed it. … Cuban invested in Uber CEO Travis Kalanick’s first start-up, Red Swoosh, a peer-to-peer file sharing company. When Kalanick had the idea for Uber, which he first called Uber Cab, he sent an email to Cuban pitching the idea and seeking funds.
Who turned down 30 million on Shark Tank?
Mark CubanCoffee Meets Bagel launched in Boston on May 10, 2012 and in San Francisco on October 24, 2012. In January 2015, Coffee Meets Bagel was featured on Shark Tank. Mark Cuban, hypothetically, because he was already out, offered them $30 million to purchase the entire company but they declined.
How much did Gary V invest in Uber?
In 2012, he made a $100,000 investment. It’s some of the quickest money he has ever lost, Mr. Vaynerchuk says.
Is Uber owned by Saudi Arabia?
Now, the deal is drawing Uber into a global reckoning over the business world’s relationship with Saudi Arabia. Bloomberg has learned that through direct and indirect holdings, the Saudi government owns more than 10 percent of the ride-hailing company.
Who is the owner for Uber?
Dara KhosrowshahiDara Khosrowshahi is the CEO of Uber, where he manages the company’s fast-growing business in 63 countries around the world and leads a global team of more than 22,000 employees.
Why did Ashton Kutcher leave Shark Tank?
While he appeared on Shark Tank, Kutcher did make a deal with a company looking for investors, known as Beebo. … Kutcher invested $200,000 with Beebo and the company has taken off, thanks to not only his monetary investment, but also the name recognition associated with the brand, as well as, being a new dad, himself.
Who is the best shark to partner with?
The best partner on Shark Tank is Lori. Popular opinion is probably Mark Cuban because he has the highest net worth but the best partner is Lori. Lori claimed once she has made more millionaires in less than a year out of entrepreneurs that have partnered with her than any other Shark.
How much of Uber does Jay Z own?
$70 millionForbes reports that his stake in Uber is worth an estimated $70 million, his real estate investments are worth an estimated $50 million and his cognac, D’Ussé, sells almost 200,000 cases annually and is worth $100 million. His investment in the champagne company Armand de Brignac is worth an estimated $310 million.


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The Audiotree Music Festival
returns to scenic Arcadia Creek Festival Place
in Kalamazoo, Michigan
this fall with a talent-packed lineup. Recently added acts include hip-hop impresario SuperDuperKyle
, one-man electro whiz Bayonne
, alternative folk duo Less Is More
and local indie act hi-ker
. They round out the previously announced acts on the bill including indie greats King Gizzard & The Lizard Wizard
, punk act Twin Peaks
and buzzed about hip-hop artist Noname
As is the tradition of Audiotree Music Festival, both emerging artists and beloved headlining acts will be featured alongside local food, craft vendors and quality beverages that together puts a focus on the regional cultural offerings of Kalamazoo. More attractions and on-site experiences will be announced soon.
For the first time ever, producers have expanded the program to two full days. “In response to the overwhelming support of the Kalamazoo community, we are excited to expand the festival to two days this year,” says Audiotree Owner and President Michael Johnston. “Audiotree and Kalamazoo both share the vision of creating the best boutique festival in the country.”
Single day tickets are on sale now at AudiotreeMusicFestival.com, with prices as follows:
Friday GA: $32.50
Friday VIP: $65
Saturday GA: $37.50
Saturday VIP: $75
Two-day GA tickets are also available for $60 and two-day VIP tickets are $125. VIP tickets include a private viewing area/bathroom/bar; 2 drink tickets; and premium food & beverage.
Producers have announced the talent playing each day; official set times will be released soon.
Friday, September 22
Saturday, September 23
King Gizzard & the Lizard Wizard
Active Bird Community
Liz Cooper & the Stampede
Less Is More
Audiotree Music Festival is sponsored by Lagunitas Brewing Company, Pabst Brewing Co., Topo Chico, Deep Eddy Vodka, Imperial Beverage, Radisson Plaza Hotel Kalamazoo and Western Michigan University.
For more information, visit:
About Audiotree Music Festival
Audiotree Music Festival is a production of Audiotree, a Chicago-based online music discovery platform and production company. Audiotree is best known for its in-studio concert series Audiotree Live and, more recently, Live From Lincoln Hall and FAR OUT, all of which have a mission to give talented up-and-coming bands the opportunity to showcase their talents across the globe.


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The new company, Entegrity Solutions, will specialise in providing B2B security product and service solutions.
‘The B2B e-commerce market is set to explode, exceeding the business to consumer market by an order of magnitude,’ said the new company’s president and CEO, Dave Martin.
According to International Data Corporation, the B2B e-commerce market will grow rapidly from $111bn in 1999 to $1.3bn in 2003.
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Company bosses are considering relocating operations or headquarters away from the UK following the country's decision to leave the European Union


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Simple Tire Offers Free Shipping to Online Tire Buyers
Simple Tire LLC has unveiled this week it is no longer charging shipping fees for certain brands of tires — 17 brands to be exact. It covers 5,000 kinds of tires, the company says.
Simple Tire says eliminating shipping removes “the last barrier to buying tires on the internet.”
The free shipping applies to these brands: BFGoodrich, Bridgestone, Continental, Cooper, Falken, Firestone, Fuzion, General, Goodyear, Hankook, Kelly, Kumho, Michelin, Nitto, Pirelli, Toyo, and Yokohama.
Tires can be shipped to an installer, a business, or home address, the company says.
Kevin Burke, director of marketing for Simple Tire, says “Free shipping is a big deal for us and dealers. It is designed to grow our business and grow sales for the independent tire dealers that have signed up with Simple Tire.”
He says the system helps dealers sell more tires and manage their inventory.
When a customer places an order online, Simple Tire finds a dealer closest to the customer with a competitively priced product and then orders the tire from that dealer. “The process is easy for everyone involved, especially dealers as there is no cost to sign up with Simple Tire,” Burke says.
The company has created a network of independent dealers across the country. “They provide us with incredible coverage of the nation, but we want many more so we can expand and deepen our footprint.”
For more information, visit www.simpletire.com.


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American gambler Steve Wynn believes that the price of Ripple (XRP) can be as high as $10,000 on the market. According to an interview with the Forbes billionaire, the altcoin will assume an important role in the money transfer.
The „BlackJack“ player’s prediction for the crypto currency reflects a long-term investment strategy. According to Wynn, the XRP will be considered an „international currency. The famous player explains that the altcoin project may be responsible for such a valuation.
Ripple’s investor, Steve Wynn, expects the Altcoin to appreciate in the next few years, but he does not have a target price to sell. In the interview the billionaire stated that he also invests in other cryptosystems besides XRP.
However, it is the XRP that can be used as an international remittance transfer system, according to the player. Wynn predicts that a large adoption of cryptomonics will bring the price up to $10,000 on the market.
Ripple’s long-term price forecast
Ripple can work unquestionably well in the marketplace if Steve Wynn’s prediction comes true. The multi-million dollar player predicts that cryptomoney will be worth $10,000 in the coming years.
To explain the forecast, Wynn says that XRP represents an important value transfer system that can be adopted on a massive scale. This large adoption would bring the price of Ripple into the five-digit range.
„It was designed to be worth 10,000 per coin. This would mean that all retail transactions and international currency transfers use XRP“.
The billionaire’s long-term bet on the price of XRP is related to Ripple’s technology that can be used as a means of payment and value transfer.
Ripple partners with Santander for international payments
Banks like Santander already use this technology to conclude international money transfer transactions. The Ripple system can be cheaper, safer and faster than conventional means of sending money between different countries.
„XRP is designed to be an instantaneous fund transfer application. It is trying to take over all retail transactions and fast international money transfers.
Hodl from XRP for five years
Billionaire Steve Wynn has declared himself an investor in XRP in the market and is betting on a high long-term appreciation of altcoin. According to him, this crypto currency could be worth up to $10,000.
Without measuring the ideal time for Bitcoin Storm appreciation, Wynn explains that his strategy is to keep (hodl) his cryptosystems. By keeping the balance for a short period, the investor can make a significant profit from the increase in the price of the altcoin.
„At least 5 years, when I bought the coins, I did it for the long term. As (the price) increases, I make a profit at certain times, but I don’t have a target price to sell everything.“
Considering the current price of the XRP market on Tuesday (14) at $0.199056, the $10,000 forecast published in Forbes would represent a cumulative appreciation of over 5,000,000% for altcoin.


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During the last year, Mario Kart Wii has quintupled the sales of MK8 Wii U
The Wii game far outweighs the sales that it has achieved the delivery of a Wii U in the last fiscal year.
During the last fiscal year Mario Kart Wii, which was launched in 2008, has sold five times more unitsMario Kart 8 for the Wii U, which was released in 2014.
is that while Mario Kart 8 Deluxe launched in 2017 for Nintendo Switch is the delivery’s most successful moment, as expected, it calls the attention that the version of Wii, launched ten years ago, is sold to a better pace that the delivery of the Wii U.
This shows, once more, the poor reception that had the predecessor of Wii U in the marketplace and how sales of its games have been precipitated, while some titles of the veteran Wii remain outstanding.
And is that in the last fiscal year Mario Kart Wii has sold 100,000 units, but Mario Kart 8 has stayed at 20,000. Mario Kart Wii accumulates a total of 37,20 million units sold and Mario Kart 8, one of the biggest commercial successes of Wii U, 8,44 million. For his part, Mario Kart 8 Deluxe in the Nintendo Switch has already surpassed 15 million.