Tag: business

IoT Garage Door Opener Maker Bricks Customer’s Product After Bad Review

An anonymous reader quotes a report from Ars Technica: Denis Grisak, the man behind the Internet-connected garage opener Garadget, is having a very bad week. Grisak and his Colorado-based company SoftComplex launched Garadget, a device built using Wi-Fi-based cloud connectivity from Particle, on Indiegogo earlier this year, hitting 209 percent of his launch goal in February. But this week, his response to an unhappy customer has gotten Garadget a totally different sort of attention. On April 1, a customer who purchased Garadget on Amazon using the name R. Martin reported problems with the iPhone application that controls Garadget. He left an angry comment on the Garadget community board: “Just installed and attempting to register a door when the app started doing this. Have uninstalled and reinstalled iPhone app, powered phone off/on – wondering what kind of piece of shit I just purchased here…” Shortly afterward, not having gotten a response, Martin left a 1-star review of Garadget on Amazon: “Junk – DO NOT WASTE YOUR MONEY – iPhone app is a piece of junk, crashes constantly, start-up company that obviously has not performed proper quality assurance tests on their products.” Grisak then responded by bricking Martin’s product remotely, posting on the support forum: “Martin, The abusive language here and in your negative Amazon review, submitted minutes after experiencing a technical difficulty, only demonstrates your poor impulse control. I’m happy to provide the technical support to the customers on my Saturday night but I’m not going to tolerate any tantrums. At this time your only option is return Garadget to Amazon for refund. Your unit ID 2f0036… will be denied server connection.” Read more of this story at Slashdot.

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IoT Garage Door Opener Maker Bricks Customer’s Product After Bad Review

Streaming Services Generated More Than 50% of All US Music Industry Revenue in 2016

Janko Roettgers, reporting for Variety: Streaming music services were for the first time ever responsible for more than 50 percent of all U.S. music industry revenue in 2016, according to new numbers released by the Recording Industry Association of America (RIAA) Thursday. Paid and ad-supported streaming together generated 51 percent of music revenue last year, to be precise, bringing in a total of $3.9 billion. In 2015, streaming music was responsible for 34 percent of the music industry’s annual revenue. Much of that increase can be attributed to a strong growth of paid subscriptions to services like Spotify and Apple Music. Revenue from paid subscription plans more than doubled in 2016, bringing in $2.5 billion, with an average of 22.6 million U.S. consumers subscribing to streaming services last year. The year before, subscription services had an average of 10.8 million paying subscribers. Read more of this story at Slashdot.

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Streaming Services Generated More Than 50% of All US Music Industry Revenue in 2016

App Store Sales For Android To Overtake Apple’s iOS, Research Firm Says

An anonymous reader shares a report: For years, Apple’s App Store, the place where people download apps for games and social networking services on their iPhones, has generated far more revenue worldwide than its Android competitors. This year, things are changing: The App Store will fall second to the amount of revenue generated by Android app distributors, predicts analytics firm App Annie. In 2017, the App Store will generate $40 billion in revenue, while Android app stores run by Google and other parties will generate $41 billion, App Annie said. That gap is expected to widen in 2021, with Android app stores generating $78 billion in revenue and Apple’s App Store at $60 billion in revenue, according to App Annie’s report released on Wednesday. The surge in revenue for Android comes from a growing number of consumers in China who are buying Android phones and are willing to pay for apps. In 2021, App Annie expects there to be eight Android smartphone users to every single iPhone user in China. Read more of this story at Slashdot.

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App Store Sales For Android To Overtake Apple’s iOS, Research Firm Says

Dutch Scientist Proposes Circular Runways For Airport Efficiency

An anonymous reader quotes a report from Fast Company: While airport terminal architecture has a solid history of style and innovation, rarely is a proposal put forth to utterly redesign the runway. But that’s precisely the aim of Henk Hesselink, a Dutch scientist working with the Netherlands Aerospace Center. Dubbed the “endless runway, ” Hesselink’s brainchild is a 360-degree landing strip measuring more than two miles in diameter. Since airplanes would be able to approach and take off from any direction around the proposed circle, they wouldn’t have to fight against crosswinds. And three planes would be able to take off or land at the same time. Hesselink’s team uses flight simulators and computerized calculations to test the unconventional design, and have determined that round airports would be more efficient than existing layouts. With a central terminal, the airport would only use about a third of the land of the typical airport with the same airplane capacity. And there’s an added benefit to those living near airports: Flight paths could be more distributed, and thereby making plane noise more tolerable. BBC produced a video detailing Hesselink’s circular runway concept. The concept is fascinating but there are many questions the video does not answer. Phil Derner Jr. from NYC Aviation writes via Business Insider about some of those unanswered questions in his article titled “Why the circular runway concept wouldn’t work.” The fundamental issues discussed in his report include banked runway issues, curved runway issues, navigation issues, and airspace issues. What do you think of Hesselink’s concept? Do you think it is preposterous or shows promise? Read more of this story at Slashdot.

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Dutch Scientist Proposes Circular Runways For Airport Efficiency

SoundCloud borrows $70 million to keep going

When a startup is in the ascendancy, there’s a near-endless line of investors ready to back it in the hope of future returns. When that road to success gets riskier, the investors dry up and the business has to run to the bank because it’s the only place to get more cash. Apropos of nothing, BusinessInsider is reporting that SoundCloud has secured itself a $70 million loan from a group of financial institutions. The “debt funding, ” as it’s called, has been supplied by Kreos Capital, Davidson Technology and Ares Capital and was reportedly secured on March 10th. SoundCloud says that it will use the cash to hire staff, build technology and grow itself to be more than twice its current size by the end of 2017. It’s hoped that the moves will enable the company to become “financially sustainable” for “years to come.” SoundCloud has had a problem with money for a while, admitting in 2015 that it would need to raise cash or risk going under. It managed to score $70 million from Twitter and then spent the bulk of 2016 hinting that it would like to be bought, thank you very much. Spotify spent a while thinking about it before deciding that it was better off steering clear . Unfortunately, SoundCloud doesn’t necessarily look like a great investment at this point, given its numerous issues. For a start, its SoundCloud Go subscription service was reviewed poorly when it launched, with a meager library and poor design. Then there’s the fact that the majority of the tracks it hosts are user-generated content, remixes and other things you may not expect people to pay for. Between that, and the often onerous terms that come with debt financing, and it’s… it’s not looking great . Via: TechCrunch Source: BusinessInsider

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SoundCloud borrows $70 million to keep going

Say Goodbye to Virgin America

Alaska Airlines announced on Wednesday that it will retire the Virgin America brand sometime in 2019. The Seattle-based airline bought Virgin America last year for $2.6 billion with the hope of expanding beyond the Pacific Northwest. Richard Branson, founder of Virgin America, apparently cried when he heard the news.… Read more…

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Say Goodbye to Virgin America

How The FBI Used Geek Squad To Increase Secret Public Surveillance

In 2011 a gynecology doctor took his computer for repairs at Best Buy’s Geek Squad. But the repair technician was a paid FBI informant — one of several working at Geek Squad — and the doctor was ultimately charged with possessing child pornography, according to OC Weekly. An anonymous reader quotes their new report: Recently unsealed records reveal a much more extensive secret relationship than previously known between the FBI and Best Buy’s Geek Squad, including evidence the agency trained company technicians on law-enforcement operational tactics, shared lists of targeted citizens and, to covertly increase surveillance of the public, encouraged searches of computers even when unrelated to a customer’s request for repairs. Assistant United States Attorney M. Anthony Brown last year labeled allegations of a hidden partnership as “wild speculation.” But more than a dozen summaries of FBI memoranda filed inside Orange County’s Ronald Reagan Federal Courthouse this month in USA v. Mark Rettenmaier contradict the official line… Other records show how [Geek Squad supervisor Justin] Meade’s job gave him “excellent and frequent” access for “several years” to computers belonging to unwitting Best Buy customers, though agents considered him “underutilized” and wanted him “tasked” to search devices “on a more consistent basis”… evidence demonstrates company employees routinely snooped for the agency, contemplated “writing a software program” specifically to aid the FBI in rifling through its customers’ computers without probable cause for any crime that had been committed, and were “under the direction and control of the FBI.” The doctor’s lawyer argues Best Buy became an unofficial wing of the FBI by offering $500 for every time they found evidence leading to criminal charges. Read more of this story at Slashdot.

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How The FBI Used Geek Squad To Increase Secret Public Surveillance

Proof Daylight Saving Time Is Dumb, Dangerous, and Costly

From a report on Bloomberg: The case for daylight saving time has been shaky for a while. The biannual time change was originally implemented to save energy. Yet dozens of studies around the world have found that changing the clocks has either minuscule or non-existent effects on energy use. The latest research suggests the time change can be harmful to our health and cost us money. The suffering of the spring time change begins with the loss of an hour of sleep. That might not seem like a big deal, but researchers have found it can be dangerous to mess with sleep schedules. Car accidents, strokes, and heart attacks spike in the days after the March time change. It turns out that judges, sleep deprived by daylight saving, impose harsher sentences. Some of the last defenders of daylight saving time have been a cluster of business groups who assume the change helps stimulate consumer spending. That’s not true either, according to recent analysis of 380 million bank and credit-card transactions by the JPMorgan Chase Institute. Read more of this story at Slashdot.

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Proof Daylight Saving Time Is Dumb, Dangerous, and Costly

T-Mobile Raises Deprioritization Threshold To 30GB

An anonymous reader quotes a report from TmoNews: T-Mobile’s new deprioritization threshold is 30GB of usage in a single billing cycle. While T-Mo didn’t make an official announcement about the change, you can see in this cached page that the network management policy says 28GB: “Based on network statistics for the most recent quarter, customers who use more than 28GB of data during a billing cycle will have their data usage prioritized below other customers’ data usage for the remainder of the billing cycle in times and at locations where there are competing customer demands for network resources.” Navigating to the webpage today now says 30GB. What this change means is that if you use more than 30GB of data in one billing cycle, your data usage will be prioritized below others for the remainder of that billing cycle. The only time that you’re likely to see the effects of that, though, is when you’re at a location on the network that is congested, during which time you may see slower speeds. Once you move to a different location or the congestion goes down, your speeds will likely go back up. And once the new billing cycle rolls around, your usage will be reset. Read more of this story at Slashdot.

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T-Mobile Raises Deprioritization Threshold To 30GB

More Fast Food Restaurants Are Now Automating

An anonymous reader writes: Wendy’s is adding self-service ordering kiosks “to at least 1, 000 restaurants, or about 15% of its stores, ” reports the Los Angeles Times, while McDonald’s and Panera Bread are now planning to add kiosks to every restaurant. “Lots of restaurants, not just fast-food chains, are really trying to mitigate the costs of higher wages, ” says one market research firm, while also citing a survey which found 40% of millennials willing to use kiosks (compared to 30% of restaurant-goers overall). But in some cases this means more work for human employees. Quartz points out that McDonalds doesn’t plan to reduce its workforce after installing kiosks, and Panera Bread “has said that at some locations where it has ordering kiosks, it has actually increased human hours to help the kitchen keep up with the higher number of orders that come in through the more efficient ordering system.” Read more of this story at Slashdot.

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More Fast Food Restaurants Are Now Automating