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have you ever been following a great deal of the insurance of the completely bonkers securities registration remark that WeWork filed for its preliminary public providing? I've covered a number of links all the way through the week, but in case you neglected it, probably the most highlights are that the company leases and can pay appoint on buildings owned by means of CEO Adam Neumann, while at the equal time the enterprise was once in a while lending him huge sums by means of low pastime loans, occasionally related to significant stock offers from the enterprise to the CEO (even though he isn't paid a salary). The precise topper is that once the business past this 12 months determined to exchange its felony name to simply the We business, it had to pay $6 million to license the identify from a further trademark holder. Who turned into that? An entity referred to as We Holdings owned via Neumann and other WeWork founders.
And whereas the articles concerning the filing have been terrifi, the tweets have been insane. a couple that caught my eye have been Tom Goodwin on the name licensing trick ("somewhere Madoff and Elizabeth Holmes are irritated they missed a trick.") and Bloomberg's Shira Ovide on the renting bit ("I actually have handiest read the related birthday celebration part within the WeWork IPO filing to date, and that i am not kidding that it is the MOST BANANAS component I have EVER study.") Our own Rey Mashayekhi summed it up properly:
"It's no longer complicated to look where Neumann gets his self assurance and self-perception from. In a little over a decade, the WeWork co-founder and CEO has transformed himself from a 20-anything failed child clothing entrepreneur into the 40-yr-historic head of an organization that—despite continuing to submit prolific losses (well-nigh $690 million in the first six months of 2019 on my own)—has shaken the business actual estate industry to its core."
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"every person complains concerning the climate, but nobody does anything else about it," is whatever Mark Twain actually did say (although the quip was coined by using his chum and fellow novelist Charles Dudley Warner). this present day, all and sundry complains about their work cell and maybe Apple goes to do whatever thing about it.
i'm speakme about the two phone dance. I even have two phones. My wife has two telephones. Many chums have two phones. a lot of you've got two phones, i would wager. The rationale is the modern company security tool known as cell machine administration, or MDM. companies can restrict what apps you could install, see what you do, and, of route, remotely wipe your phone. Plus there is the whole advanced mess of using one Apple id in your own and work stuff (please, please don't add the pictures from that long, boring presentation I lined for work to my home slide suggests, iPhone).
Now support is on the manner. although it didn't get any airtime at Apple's WWDC keynote handle lower back in June, the iPhone maker has some new elements coming in iOS 13 that may alternate things. The huge one is offering a modified MDM system referred to as consumer enrollment so that you can let us and our employers section a single mobilephone into separate sections for work and personal use. in case you carry your own equipment and your business decides to assist the brand new approach of doing things, you're going to be capable of do what you want on your side and your enterprise will only be able to mess with (and erase) the corporate aspect. Apple is also extending its managed Apple identification characteristic from schools to companies, so you won't have use your very own register for your whole work stuff. Apps will belong to one aspect or the other (although you are going to have twin utilization for notes and information). Sounds relatively decent to me.
Aaron Pressman
On Twitter: @ampressman
email: aaron.pressman@fortune.com
NEWSWORTHYred alert. All users of Microsoft's home windows 10 operating equipment should update with the latest protection patch immediately, because the application massive warned this week of "wormable vulnerabilities." And whereas we're on the field, Google disclosed some stats from its new password checkup extension for the Chrome browser. in just the first month of utilization, individuals checked 21 million person names and passwords and the equipment flagged about 316,000, or 1.5%, as previously compromised. Of route, that's most effective the difficulty rate for people who were protection aware satisfactory to set up the extension.
a simple element to make the world superior. The Federal Communications fee pointed out it goes to implement a gadget so dialing 988 from any cellphone will hook up with suicide prevention facilities. presently, the national Suicide Prevention Lifeline makes use of a ten-digit number, 800-273-talk (8255). Calls are dispensed to considered one of 163 disaster centers, which acquired a total of two.2 million calls final yr. meanwhile, a coalition of privateness and civil rights groups wrote to Congress this week asking lawmakers not to prolong the countrywide safety agency's authorization to music phone name metadata, which might encompass, say, a name to the suicide prevention community.
Wrist rocket. Booming smartwatch revenue helped the wearable market develop 38% to 7.7 million units shipped within the 2nd quarter, analysis enterprise Canalys said on Thursday. the total value of devices surpassed $2 billion, led by means of Apple, which noticed its shipments upward thrust 32%, and Samsung, which received 121% on the strength of its new Galaxy Watch active line.
Fish and chips. On Wall street, Nvidia's profits plunged 17% to $2.6 billion—thanks very a great deal, decline in crypto mining exercise—however that changed into more suitable than analysts anticipated. So Nvidia's shares, up a mere 12% this 12 months, jumped 6% in pre-market buying and selling on Friday. At Walmart, we're truly handiest drawn to the e-commerce company, which is doing in reality, actually well. whereas similar save income elevated just 3%, online sales shot up 37%.
opposed work enviro. The latest problem from Google employees to management emerged in a story on Motherboard on Thursday that focused on a leaked memo written with the aid of a black former Googler. "I certainly not stopped feeling the burden of being black at Google," the unnamed former worker wrote. "And the extra insensitive feedback weighed on me, the less protected I felt here."
for your WEEKEND studying PLEASUREjust a few longer reads that I came across this week that can be attractive in your weekend reading pleasure:
a way to preserve the Planet (OneZero)
A six-mile-extensive asteroid ended the dinosaurs, and the equal may happen to us sooner or later. however NASA is at work on how to retain us protected.
The fate of the world's greatest ETF Is Tied to 11 Random Millennials (Bloomberg Businessweek)
due to a quirk in the legal structure used to deploy the SPDR S&P 500 ETF have confidence, called secret agent, greater than $250 billion rests on the toughness of eleven standard kids born between might also 1990 and January 1993.
Simone Biles Has changed Gymnastics always (Slate)
The GOAT continues to revolutionize the sport on and off the mat.
Dean & DeLuca, Barneys and the fate of Bohemian Consumerism (new york instances)
each the gourmet grocer and the rarefied branch shop made searching suppose like art. Now they're in monetary free-fall. Does it count?
food FOR thoughtAmid the hype over artificial intelligence, researchers are finding that it's once in a while more durable to locate helpful, useful, and profitable initiatives for their cutting-aspect programs, even ones that can beat chess grandmasters. Google's DeepMind famously beat accurate Go gamers and conquered the video game Starcraft. however as Gary Marcus explores in a piece of writing for Wired, the challenge is still burning up money devoid of a great deal to exhibit in the means of business potentialities.
The direct fiscal return, now not counting publicity, has been modest by way of evaluation, about $125 million of profits ultimate 12 months, a few of which came from making use of deep reinforcement discovering inside Alphabet to reduce vigour charges for cooling Google's servers. What works for Go might also now not work for the difficult problems that DeepMind aspires to remedy with AI, like cancer and clean power. IBM learned this the complicated method when it tried to take the Watson software that received Jeopardy! and practice it to clinical diagnosis, with little success. Watson worked quality on some circumstances and failed on others, sometimes missing diagnoses like coronary heart attacks that would be glaring to first-yr clinical students.
in the event you overlooked ITMeet Ignacio Anaya García, the person Who Invented Nachos, In these days's Google Doodle through Chris Morris
exclusive: Coinbase Buys Xapo Custody for $55 Million, Eyes Lending business through Jeff John Roberts
Cloudflare info for IPO Citing Publicity Over 8chan as possibility through Verne Kopytoff
Why Toptal Believes the 'ability economy' Is the future of Work with the aid of Damanick Dantes
regulate Fintechs for What They Do, no longer What They Don't through Kathryn Petralia
home-buying Startup Flyhomes Lands $141M in New Financing through Rey Mashayekhi
Genpact CEO: businesses Have a responsibility to cut back A.I. Bias by means of Damanick Dantes
before YOU GOWe started out on a bonkers news observe, so let's conclusion on one, too. President Trump has reportedly been due to the fact purchasing Greenland. The country. Greenland. k then. Have a pretty good weekend.
This version of facts Sheet became curated through Aaron Pressman. discover past considerations, and sign in for other Fortune newsletters.
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