Hours before Lyft and Uber planned to suspend their services to protest the ruling to reclassify their drivers as employees, an appeals court allowed them to continue operating during the appeals process. Uber spokesperson Matt Kallman noted that the company is glad “that access to these critical services won’t be cut off while we continue to advocate for drivers’ ability to work with the freedom they want.” The companies must still submit plans for hiring employees by early September, in case their appeal is denied. Continue reading Appeals Court Gives Lyft, Uber Greenlight to Operate for Now

The S&P 500 achieved record heights via the 37 percent rise in shares of the Big Five tech companies in the first seven months of 2020. Apple, Amazon, Alphabet, Microsoft and Facebook, the five largest publicly traded companies in the U.S., now account for 20 percent of the entire stock market’s total value. Meanwhile, according to Credit Suisse, all other stocks, fell a combined 6 percent. Apple’s valuation hit $2 trillion, the first U.S. company to do so, and only 21 weeks after its $1 trillion valuation. Continue reading Big Five Tech Companies Dominate the Rise in Stock Market

According to global civic movement Avaaz, over the past year Facebook enabled 3.8 billion views of misinformation related to health, almost four times the views of sites such as the World Health Organization (WHO) and Centers for Disease Control (CDC). This has occurred despite Facebook’s partnership with these organizations to expose users to reliable information. In another effort to squelch misinformation, Facebook removed 790 QAnon groups and restricted another 1,950 groups, 440 pages and 10,000+ Instagram accounts. Continue reading Facebook Struggles to Contain Health Misinformation, QAnon

App Annie reported that, in the first half of 2020, users spent 1.6 trillion hours on mobile devices, a big leap from the same period in 2019. App Annie market insights director Amir Ghodrati stated that, even if millions of people are out of work, it’s crucial for brands and companies to advertise on mobile devices, to acquire new users and enable them to set up new app habits. According to App Annie, psychologists say it takes an average of 66 days to form a habit. As the coronavirus pandemic continues, those habits are solidifying. Continue reading Advertising Opportunities Emerge for Mobile During Pandemic

AMC Theatres introduced a plan to open about 100 locations as early as August 20 and two-thirds of its 600 theaters by September 3. An earlier plan to open was abandoned after strong backlash. Now, customers and employees will be required to wear masks, seating in auditoriums will be limited and the company will implement social distancing and increased cleaning. Furthermore, AMC stated that masks, which would be sold at the theater for one dollar, must “cover your nose and mouth and fit snugly around your face and chin.” Continue reading AMC to Open Two-Thirds of Its U.S. Theaters by September 3

After testing earlier this year, Twitter has introduced settings that allow users to control who can reply to tweets. Twitter is responding to widespread pressure to combat chronic hate speech, misogyny and harassment. Twitter director of product management Suzanne Xie wrote that, “we’ve seen people use these settings to have conversations that weren’t really possible before,” adding that, “starting today, everyone will be able to use these settings so unwanted replies don’t get in the way of meaningful conversations.” Continue reading Twitter Debuts Reply Feature to Prevent Chronic Harassment

Amazon debuted Prime Gaming this week, a rebranding of its first foray into the video game industry, Twitch Prime, which offers exclusive game content and free subscriptions to Twitch, the live-streaming site. There, users could enjoy free games from small studios, discounts for bigger titles like “Grand Theft Auto” and in-game gear. Prime Gaming will include those features and offer more titles and exclusive content, accessible without a Twitch account. Meanwhile, a group of artists has demanded that Amazon pay to license music streaming on Twitch. Continue reading Amazon Rebrands Twitch Prime in Shift to Gaming Strategy

In California, San Francisco Superior Court Judge Ethan Schulman confirmed Attorney General Xavier Becerra’s decision that Lyft and Uber are violating California Assembly Bill 5 (AB5). Schulman paused the injunction for 10 days to allow those companies to appeal his decision. AB5 requires that the two ride-hailing companies reclassify their California drivers as employees, making them eligible for healthcare and overtime among other perks. Due to COVID-19, Uber suffered a 67 percent decline in the June quarter. Continue reading California Judge Rules Uber and Lyft Are Violating State Law

Google recently unveiled three new Pixel phones — the $349 Pixel 4a, available for preorder and shipping on August 20; the 5G-enabled Pixel 5, shipping in the fall; and the Pixel 4a with 5G, priced at $499 and also shipping in the fall. According to Google, issues related to the COVID-19 pandemic prevented the Pixel 4a from debuting significantly earlier. The Pixel 4a, $50 less than last year’s Pixel 3a and the iPhone SE, stands apart from several competitors with its camera and “clean version” of Android. Continue reading Google Presents Three Phones: Pixel 4a, Pixel 4a 5G, Pixel 5

Samsung live-streamed its annual Unpacked event from South Korea, revealing more than five new devices including the Galaxy Z Fold 2, two Galaxy Note20 5G models, the Galaxy Buds Live, the Galaxy Tab S7 tablet, Galaxy Watch3 and more. The company is finding it difficult to sell its high-end devices as are other phone manufacturers during the pandemic and economic downturn. Regarding the upcoming Galaxy Z Fold 2, Samsung focused on its fixes for flaws in the original folding phone. Continue reading Samsung Introduces Galaxy Z Fold 2, Galaxy Note20 & More

In the face of the COVID-19 pandemic, the wares and services of Big Tech companies such as Amazon, Apple and Facebook have become more indispensable than ever. As such, they are thriving. Amazon, for example, reported $88.9 billion in sales, with profits doubling to a record $5.2 billion in the quarter ending June, even though it spent $4 billion on its supply chain and worker safety in that time frame. Apple marked an 11 percent increase in quarterly sales, and Facebook sales rose 11 percent to $18.7 billion. Continue reading Big Tech Companies Are Thriving Despite the Current Climate

Video game publishers Activision Blizzard, Electronic Arts and Take-Two Interactive Software are all on track to post strong earnings this week, the beneficiaries of increased game playing during the COVID-19 pandemic. According to analysts, these publicly traded game publishers have reaped rewards from players spending on virtual goods such as costumes for characters. FactSet predicts the companies will “more than double” their adjusted earnings from the same quarter from the previous year. The global games industry is valued at $149 billion. Continue reading Video Game Publishers Post Record Profits During Pandemic

With the COVID-19 pandemic, music streaming and media services provider Spotify Technology experienced deep losses in the quarter ending June 30 including declines in daily active users and listening time as well as payroll taxes that were higher than expected. Now the Stockholm-based company reported that its advertising business is improving just as its listeners’ time spent on the app reached pre-pandemic levels. In fact, by the end of the same quarter, all regions served by Spotify — with the exception of Latin America — returned to those levels. Continue reading Spotify’s Ad Business and User Activity Are Trending Upward

LIFE Productions producer Sam Khoze looked to cast a robot for his film at several robotics companies until he found Erica, the creation of Osaka University roboticist Hiroshi Ishiguro, who modeled her after images of Miss Universe finalists. Erica now stars in “b,” a $70 million feature film in pre-production. Erica possesses realistic human details, but one of her greatest strengths is immunity to COVID-19. Her walk and voice give her away as an android, so she will, therefore, perform most of her scenes sitting down. Continue reading Realistic Human Robot Is Featured in Upcoming Sci-Fi Movie

Hollywood film studio Universal Pictures and AMC Theatres, which operates more than 8,000 screens in the U.S., signed a historic multi-year agreement to allow Universal’s films to launch on video-on-demand only 17 days after their theatrical debuts, breaking the long-standing industry norm of 90 days between the two releases. Universal may, however, let tentpole movies play exclusively in movie theaters beyond 17 days. According to Universal Filmed Entertainment Group chair Donna Langley, “the theatrical experience continues to be the cornerstone of our business.” Continue reading AMC, Universal Ink Pivotal Deal to Shrink Exclusivity Window