Month: July 2022

The delay to the online safety bill won’t make it any easier to please everyone

The Conservatives have kicked the sprawling document, which aimed for a political Goldilocks zone and ended up a hot mess, firmly down the road The Goldilocks theory of policy is simple enough. If Mummy Bear says your latest government bill is too hot, and Daddy Bear says your latest government bill is too cold, then …

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Energy use from US cryptomining firms is contributing to rising utility bills

An investigation revealed that companies use enough energy to power Houston, and contribute to growing carbon emissions The largest US cryptomining companies have the capacity to use as much electricity as nearly every home in Houston, Texas; energy use that is contributing to rising utility bills, according to an investigation by Democratic lawmakers. Cryptomining is …

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‘Hi-tech’, underwhelming: Amazon’s IRL clothing store misses the point of shopping

Customers to the online retailer’s first in-person location were disappointed by the limited selection and algorithmic picks Outside Amazon’s first in-person clothing store in California, Diemmi Le, 22, summed up her experience: “You don’t have to talk to anybody.” For years, Amazon tried – and ultimately failed – to translate its online book business into …

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Elon Musk files motion against Twitter’s bid to fast-track trial

Lawyers for the billionaire oppose company’s request that the trial begin in September Elon Musk has filed a motion opposing Twitter’s request to fast-track a trial over his plan to terminate his $44bn deal for the social media company. Musk’s lawyers, in papers filed with the Delaware Chancery court on Friday, said Twitter’s “unjustifiable request” …

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Celsius Network: crypto firm reveals $1.2bn deficit in bankruptcy filing

Company says it was faced with a ‘run on the bank’ as investors raced to withdraw their assets The cryptocurrency platform Celsius Network was left with a $1.2bn (£1bn) deficit after suffering from a digital version of an old-fashioned “run on the bank”, according to its bankruptcy filing in the US. Blaming a combination of …

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Gifts for strangers: the ‘ethically ambiguous’ TikTok trend using unknowing people as fodder for content

In viral videos, content creators film themselves surprising strangers with toys, food and wads of cash – whether they like it or not Get our free news app, morning email briefing and daily news podcast Picture the scene. You’re sitting alone, enjoying a coffee. Maybe you’ve got a podcast on. Maybe you’re on the phone …

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Netflix teams up with Microsoft on cheaper streaming with adverts

Platform belatedly follows rivals in appealing to cash-strapped consumers as it loses subscribers Netflix has partnered with Microsoft to launch a cheaper subscription plan showing adverts in an attempt to appeal to cash-strapped consumers seeking to cut back on costs. The streaming platform first announced plans to launch a cheaper service – giving subscribers the …

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