Tag: company

How much a day cost Amazon CEO?

You are worried about your failures and losses? You must be, despite the fact whats the cost of your failure? How much you did loss? Nothing to worry about because your total value is just 0.0001 % of the loss of Amazon in one day. That’s ridiculous and painful.

Plunging global markets lopped $US99 billion ($140 billion)  from the fortunes of the world’s 500 wealthiest people, the year’s second-steepest one-day drop for the Bloomberg Billionaires Index

PROBABLY THE BIGGEST BLOW EVER

Amazon.Com Inc. founder Jeff Bezos lost $US9.1 billion ($12.9 billion), the most of anyone on the index, as shares of the online retailer fell the most in more than two years. The plunge lowered Bezos’s net worth to $US145.2 billion, its lowest since July.

It was part of a horrific plunge on the Nasdaq index, which suffered its worst day in two years, the index finishing over 4 per cent lower.

Apple gave up 4.6 per cent to $US216.36 and Microsoft dropped 5.4 per cent to $US106.16. Amazon skidded 6.2 per cent to $US1,755.25 and Alphabet, Google’s parent company, gave up 4.6 per cent to $US1,092.16.

Amazon has soared 50 per cent this year but has fallen 14 per cent from its all-time high in early September.

Advertisements

Careem included Model S Tesla in its fleet operation in Dubai

Careem customers now have the option to book rides on electric vehicles in Dubai, the company has announced.

In a statement, Careem noted that its electric car fleet is made up turquoise-coloured Model S Tesla cars. Prices are in line with Careem business rates, with starting minimum fares of AED 60.

The new car types are in partnership with ION, a joint venture between the UAE-based Crescent Enterprises conglomerate and Bee’ah, an environmental management company.

Ride hailing app announces it now operates a fleet of Model S Tesla car

“Bringing customers the choice to book a more environmentally friendly option is something we feel very strongly about,” said Clemence Dutertre, the general manager of Careem in the UAE. “Careem electric also offers a top of the range, safe and fun car that works both as a luxury option whilst also being perfect for family and group outings.”

Dutertre added that he believes that “customers are going to get very excited about this new option on the app.”

In October 2017, Careem’s main competitor, Uber, announced the launch of UberOne, which allows users to hail rides from a fleet of Tesla electric vehicles.

Visa Master service resumed official apologises amid disruption across Uk and Europe

Visa says its service has returned to normal after millions of customers across Europe were left unable to pay for goods and services on Friday.

For around six hours, customers across Europe were affected by the disruption, with some supermarkets reportedly facing angry customers after shoppers were unable to pay for their shopping.

The firm has apologised for the technical failing, and ruled out any “malicious” activity as the cause.

In a statement Visa said: “The issue was the result of a hardware failure within one of our European systems and is not associated with any unauthorised access or cyberattack.

“Visa Europe’s payment system is now operating at full capacity, and Visa account holders can now use Visa for any of their purchases and at ATMs, as they normally would.”

Al Kelly, chief executive officer of Visa, said: “We apologise to all of our partners and Visa account holders for any inconvenience this may have caused.”

An estimated £1 of every £3 spent in the UK is on a Visa card.

Leanne Mascoll from London was among those affected by the disruption. She told The Independent: “I had to leave some shopping in Sainsbury’s because my card wouldn’t work.”

In their statement Visa didn’t clarify whether or not retailers will be compensated for potential loss in earnings.

While major retailers such as Marks & Spencer having confirmed they had been affected by the disruption, Transport for London didn’t report any problems with customers using contactless Visa cards to pay for their journeys.

Several business were forced to place temporary signs on their doors explaining to customers that they were unable to accept card payments due to the fault.

Google declined project with US Govt amid employees revolt

What exactly is Project Maven

The Department of Defense of the United States gets a lot of data every year, including millions of hours of video almost impossible to process by its human workers. That is why last summer they announced the start-up of Project Maven, a project to use artificial intelligence and machine learning to process all the data they obtain.

Project Maven focuses on computer vision, an aspect of machine learning and deep learning with which they want to be able to extract objects of interest automatically from still or moving images. This means that an artificial intelligence will analyze the videos and photos , and that it will automatically detect any element that has been trained to qualify as relevant

Image result for google pentagon working

Google employees do not want their company to collaborate with the United States Pentagon by perfecting the artificial intelligence of their systems. In an open letter published in full by media such as the New York Times , about 3,100 employees sign up to directly contact Sundar Pichai asking him to stop working on Project Maven.

It is a pentagon program in which Google is one of the collaborating companies, and which seeks to use articial intelligence to interpret video images. This, much as Google is trying to iron out the issue, has the potential to help improve the targeting of drone attacks and thus improve their effectiveness.

“We believe that Google should not be in the business of war,” they say at the beginning of the open letter. “Therefore, we ask that the Maven Project be canceled and that Google write, publish and apply a clear policy that establishes that neither Google nor its contractors will ever build a technology of war.”

I am going to be careful: Zuckerberg’s told Congress commits better privacy

“As Facebook has grown, people everywhere have gotten a powerful new tool to stay connected to the people they love, make their voices heard, and build communities and businesses,” Mr. Zuckerberg says, in prepared testimony released by a House committee on Monday. “But it’s clear now that we didn’t do enough to prevent these tools from being used for harm as well.”

“There are going to be people who are going to say Facebook ought to be broken up,” Sen. Ron Wyden (D-OR) said recently. “There have been a number of proposals and ideas for doing it, and I think unless [Zuckerberg] finds a way to honor the promise he made several years ago, he’s gonna have a law on his hands.”

Image result for zuckerberg say sorry

Mark Zuckerberg, the founder and CEO of social media platform Facebook, is slated to testify before Congress for the first time on Tuesday, April 10, for his company’s failure to protect user information. It will be the first of two back-to-back appearances the executive will make this week — the first will take place before the joint hearing of the Senate Judiciary and Commerce committees, and on Wednesday, Zuckerberg will testify in front of the House Energy and Commerce Committee. It won’t be easy, given the temperament in Congress.

The legislature has released the entrepreneur’s prepared testimony ahead of his Wednesday hearing, in which Zuckerberg concedes that Facebook was “too slow to spot and respond to Russian interference” during the 2016 election.

“We face a number of important issues around privacy, safety, and democracy, and you will rightfully have some hard questions for me to answer,” begins Zuckerberg’s statement. “Facebook is an idealistic and optimistic company,” the statement reads. “For most of our existence, we focused on all the good that connecting people can bring. As Facebook has grown, people everywhere have gotten a powerful new tool to stay connected to the people they love, make their voices heard, and build communities and businesses.” Indeed, the social network has been crucial in helping individuals organize — it played a large role in disseminating the #metoo movement, has helped raise funds for Hurricane Harvey relief, and also help organize the March for Our Lives demonstration.

Amazon moving towards new delivery endeavor

Amazon confirmed that it intends to expand into a new delivery endeavor, but the company did not provide details on the schedule or scope.

“We’re always innovating and experimenting on behalf of customers and businesses that sell and grow on Amazon to create faster low-cost delivery choices,” spokesperson Kristen Kish told the E-Commerce Times. Amazon has relied on third-party shippers for many years, but those firms have tended to become overwhelmed and backlogged during the critical Christmas holiday delivery season.

The move marks Amazon’s latest effort to increase its control over logistics, which have been a central focus of the company as it has grown to become the most powerful e-commerce retailer in the U.S.

The company plans to launch the new service within weeks, The Wall Street Journal reported Friday. It initially will pick up goods from third-party sellers that already work with Amazon and deliver them to customers. The service eventually will expand to merchants that currently do not work with Amazon. It will launch in Los Angeles and expand to other U.S. cities over time, according to the Journal.

Image result for amazon store

War is sorted out finally. ECJ apprise Uber is not a digital agency

Uber is a transport services company, the European court of justice (ECJ) has ruled, requiring it to accept stricter regulation and licensing within the EU as a taxi operator.

The decision in Luxembourg, after a challenge brought by taxi drivers in Barcelona, will apply across the whole of the EU, including the UK. It cannot be appealed against.

ECJ notify Uber is a transport company, not a digital agency. Rules will be same as for black cabs

Uber had denied it was a transport company, arguing instead it was a computer services business with operations that should be subject to an EU directive governing e-commerce and prohibiting restrictions on the establishment of such organizations. Source: Guardian

Image result for uber

Uber is a transportation company, according to a landmark ruling from Europe’s highest court.

The European Court of Justice (ECJ) ruled Wednesday that the U.S. ride-hailing app is a transportation firm and not a digital company. The verdict is a long-awaited judgment expected to have major implications for how Uber is regulated throughout Europe.

“The service provided by Uber connecting individuals with non-professional drivers is covered by services in the field of transport,” the ECJ said. “Member states can, therefore, regulate the conditions for providing that service,” it added.

Uber has long-considered itself an “information society service” which connects drivers and passengers through inter-mediation via their app. This subtle classification has helped to protect the multi-billion dollar start-up from national regulations and means it has been treated as a digital service operating across borders in the EU‘s single market

Source: CNBC

Related image