Instead of recognizing increased output with a permanent pay bump, employers have turned to an ephemeral reward: bonuses.
Wenatchee, WA, has become a bitcoin miner’s paradise -- and it raises some serious questions about the sustainability of cryptocurrency mining at large.
Though “Ship With Amazon” is in its infant stages, it's giving us a glimpse into the company’s long-term goal of complete self-reliance.
Yesterday, the 12-year-old social media network posted their Q4 earnings — and for the first time ever, they put up a modest profit. As we anticipated back in October, the company was in the green ($91m) for the quarter, on a reported revenue of $732m (a 2% bump from this time last year). Chalk it […]
A billionaire doctor just bought the LA Times for $500m. Who is he? Yesterday, media conglomerate Tronc sold the Los Angeles Times (along with its “sibling paper,” The San Diego Union-Tribune) for $500m. The buyer, Dr. Patrick Soon-Shiong, is the latest in a procession of billionaires who’ve snatched up large media companies in recent years […]
Lee is the latest crooked exec that South Korea has failed to hold accountable -- and his release doesn’t bode well for the country’s global business reputation.
Alphabet’s newest ‘smart-city’ platform, Coord, is an operating system for cities that aims to streamline everything from car parking to bike sharing.
Facebook meets quarterly earnings expectations, but sees a 5% drop in engagement due to its long-term user retention strategy.
They’re building an electric, 5-seat air taxi, capable of flying 150 mi on a single charge and traveling at 2x the speed of a helicopter (sans the noise).
The firing of 15 engineers for reportedly discussing unions raises some questions about how the tech industry might handle future efforts.
Back in November, fitness tracking app Strava published the Global Heatmap — a seemingly cool interactive that used 13 trillion GPS points to show where people were the most active between 2015 and 2017. But the feature came with a “major security oversight:” turns out, soldiers use fitness trackers too — and their movements, which […]
A recent partnership between BuzzFeed and Chinese giant ByteDance shows that clickbait continues to reel in some big financial fish.
The biggest ICO in history is going down, there’s a new player in the exchange ring, and 50 Cent is rich again.
Agriculture is embracing new algorithm-driven harvesting technologies with robotic arms.
It’s a “100% at-risk performance award” -- and if Elon manages to hit his goals, he could add as much as $55B to his net worth.
South Korean kimchi producers are having trouble competing with China’s rock-bottom prices.
Airbnb removed nearly 5k listings of short-term hosts who failed to pay a $250 fee to register with the city -- 2k of them overnight.
For as long as journalism’s existed, businesses have offered cash payments, gifts, and services in exchange for favorable coverage. (It’s one of the reasons we’ve been working on an ethics guide at The Hustle.) Now, a recent exposé by our friends over at The Outline argues that this trend has turned into a lucrative, bustling […]
Yesterday, Apple put out a self-congratulatory press release titled “Apple accelerates US investment and job creation.” And it’s true: The company says it will not only pay $38B in taxes to move its entire foreign trove of money back to the US, but also add $350B to the US economy and create 20k new jobs […]
In America, trailer parks have long been stigmatized as economically undesirable — last-resort stops for poverty-line families and the elderly, where crime is rampant and living conditions are squalid. But as the middle class continues to shrink and the housing affordability gap continues to widen, Americans are increasingly turning to mobile homes — and […]
A new report from nonprofit group Policy Matters Ohio has found that some 700 Amazon employees in Ohio (about 10% of the company’s entire workforce in the state) receive assistance from the Supplemental Nutrition Assistance Program. Why are employees at one of the most powerful companies of the century still struggling to get by? At […]
Using “Wizard” in your job ad is probably not going to land you a “Rockstar” employee.
Rotisserie chickens are cheap, ubiquitous, and extremely profitable for brick-and-mortar grocery chains in a time of uncertainty.
A story of the absurd legality of infringement claims, and YouTube’s flawed process for policing potential copyright issues on its platform.
After missing its earnings big and failing to pull off a push into the drone market, the camera maker is flailing.
Philip Morris International doesn’t actually care about a “smoke-free future.” They just want you to buy their new products.
The Meltdown and Spectre flaws affect every computer processor made in the past 20 years (AKA, you're affected). Luckily, you have a few options...
Worldwide, more than 50k deals went down in 2017, worth in excess of $3.5T.
Spoiler: your life probably won’t change much. At least not yet...
Used to be, coins were for parking meters and gumballs. Now, they’re minting millionaires: according to Live Coin Watch, as of 6pm PST last night, the digital coin market currently had a total market cap of around $653B. And this past week has been particularly exciting. Here are a few of our favorite “tales from […]