Silicon Valley - Page 31

California Drought Driving Tech Boom

Every rain cloud has a silver lining–and nowhere is that more true than in California, even though there haven’t been many rain clouds overhead in some time. California’s record four-year drought is driving a new technology boom, with several startups

The Associated Press

Wall Street’s Love Affair with Apple May Be Over

In its last quarter that will be impacted by innovation on Steve Jobs’ watch, Apple booked strong quarterly revenue and earnings yesterday. But the company had to admit that existing Apple customers were slow to upgrade to new iPhone releases and Apple as a status symbol in China may be coming to an end. The stock plunged by -10 percent, or about $80 billion, before recovering somewhat today. But as Breitbart News warned last month, ‘Apple Products: Without Steve Jobs, the Thrill is Gone.’

Apple logo darkness (Justin Sullivan / Getty)

Bush Ubers to Meeting With Techies in San Francisco

Former Florida Governor and 2016 Republican presidential candidate Jeb Bush arrived in San Francisco on Thursday as part of his latest fundraising binge, during which he met with members of the tech sector and reportedly fielded “tough questions” from those present.

The Associated Press

Tech Meets Conservative Politics at #Reboot2015

On Friday, Lincoln Labs, a liberty-oriented technology thought leadership group, opens its second annual conference: #Reboot2015. Featuring an array of experts from across technology, politics and the ideological spectrum, attendees will discuss how technology can and should impact our politics and how we can harness innovation to improve government, society and life for all Americans.

newspapers

Conservatism in Silicon Valley and Scott Walker’s 2016 Online Campaign

One of the problems faced by Republican campaigns is that Silicon Valley tends to lean left, giving Democrats substantial support in a variety of forms from the big tech companies. There are plenty of great tech people out there ready to work for Republican campaigns, though. Recruiting them early and folding them into a well-organized campaign is essential. Gov. Scott Walker seems to have done just that.

Wisconsin Gov. Scott Walker speaks at Red Rock Harley-Davidson on July 14, 2015 in Las Veg

Mark Levin : Numbers You Hear on Immigration Are a Lie

Conservative talk radio host and scholar Mark Levin called in to Breitbart News Sunday and blasted “criminal politicians” on both sides of the aisle who keep praising illegal immigrants. Levin emphatically stressed that Republican voters must reject presidential candidates who will not block the left from enacting their radical goals.

Mark Levin

Ellen Pao Out as Reddit CEO, Blames Site’s Users

Silicon Valley Business Journal just reported that “Ellen Pao is resigning from Reddit after eight months of drama as interim CEO.” Having kept her Reddit position despite  losing America’s highest profile sexual discrimination lawsuits against what she called Silicon Valley’s “boy’s club,”

Former Kleiner partner Pao arrives at San Francisco Superior Court in San Francisco

‘San Francisco: It’s the New Rome.’

“San Francisco: It’s the New Rome.” That’s the anonymous comment overheard by Politico’s Mike Allen–or one of his sources–at the Aspen Ideas Festival, the summer gathering of the nation’s intellectual elite (and the people with enough money to be seen with them). It is an acknowledgment of the city’s new power–and its decadence.

Bay Bridge San Francisco (Frank Schulenburg / Flickr / CC / Cropped)

Remaking a Remake: The ‘Bond’ We Need

We need a new Bond. No need to be tied to convention here; the era of middle-aged white British men is over. In the spirit of the Jenner clan, the 21st Century cries out for an androgynous Bond. Maybe Miley Cyrus? Also, the name “James” is too 20th Century. Something like “Jamey” would be more appropriate, and allow Bond to swing easily between male and female, as necessary or desired.

AP Photos

Number of VC Deals Falls as Investors Chase ‘Unicorns’

Global venture capitalists invested $56.31 billion in 4,894 deals during the first half of 2015–the lowest number of deals recorded by the Pitchbook blog over a six month period in the last 25 years. The major reason for a smaller number of companies being funded is that venture capitalists are throwing huge amounts of money at a small number of “unicorns.”

Unicorn dog (Frederic J. Brown / AFP / Getty)

Silicon Valley Led the Effort for Same Sex Marriage

There was a long line of advocates claiming responsibility for same-sex marriage’s victory at the Supreme Court on Friday, but a key driver was the support two years ago from 278 mostly multi-national tech companies that included Apple, Facebook, Google, Microsoft, Amazon, Cisco, eBay, Electronic Arts, Intel, Intuit, Oracle, Twitter and Zynga.

Facebook/Mark Zuckerberg

Google Play Music Ready to Crush Spotify and Apple Music

On the heels of Apple Music’s $9.99 streaming service getting the bodyslam from a 99-pounder named Taylor Swift, Google has just rolled out “Play Music,” which will offer a free, ad-supported streaming music service. Combined with their “All Access” subscription product released in May, Google appears positioned to crush both Spotify and Apple Music.

The Associated Press

Virally Competitive Fitbit Goes Public at $4 Billion Valuation

If Robin Leach visited the headquarters of Fibit, Inc. in San Francisco today, it would be all “champagne wishes and caviar dreams” as the leading wearable fitness tracker raised $793.5 million at a stunning valuation of $4.1 billion in the largest initial public offering (IPO) by any consumer electronics company in history.

Fitbit (Eric Thayer / Getty)

Graph: Why California’s Uber Crackdown Could Hurt Workers (In 1 Graph)

The California Labor Comission just ruled that Uber must treat its drivers like normal employees, rather than independent contractors, potentially forcing the company to pay benefits and cover expenses. The decision is being hailed as a victory for worker rights and a major blow to the growing billion-dollar transportation startup.

UberX Pie Chart (Hall & Krueger)

Google’s Obsession With Cities: A Brief Explanation In 3 Maps

Google has just announced a brand new initiative to improve city life, Sidewalk Labs, which will tackle cost of living, transportation, and the environment for urban citizens. While details are scant, it’s worth noting that suburban-based Google is just the latest influential tech giant to join the “cities” bandwagon.

The Associated Press

Hot Silicon Valley Property Market: Seattle

Prices for homes in the Bay Area have increased to the point where hi-tech workers are fleeing to the Pacific Northwest to find affordable housing, according to the real estate site Redfin. The median home price in the Bay Area has surpassed $1 million, and Redfin CEO Glenn Kelman told the San Francisco Chronicle that one-quarter of Bay Area searchers are checking areas elsewhere–a steep hike from the one-seventh of searchers looking elsewhere in 2011.

Seattle housing (Christopher Hall / Getty)

Critics: San Francisco’s Poor Pay for Their Own Eviction by Tech Cronies

With San Francisco offering massive tax incentives to redevelop 77 dilapidated warehouse buildings into a “Twitter Town” for the “digerati” venture capital crowd, the adjacent Mission District community is now in turmoil, as the city’s poor are being booted to make room for new buildings and Airbnb vacation rental conversions.

Twitter HQ (Adelle Nazarian / Breitbart News)

The Fundamental Conflict Between Silicon Valley and Democrats: A Brief Analysis

Democrats and Silicon Valley are locked in a head-on collision course; this week, New York City regulators proposed rules requiring Uber and other ride-hailing startups to get pre-approval each time they make major changes to their apps and pay $1,000 to cover the government’s labor costs. The battle between Uber and New York is a perfect example of the fundamental conflict between Democrats and Silicon Valley.

Flickr / TheTruthAbout

Snapchat CEO Warns it’s a “Matter of When” Tech Bubble Bursts

Snapchat CEO Evan Spiegel revealed Tuesday at the California Code Conference in Rancho Palos Verdes that the company is planning for an initial public offering (IPO). He said the company, recently valued at $15 billion, had no desire to be acquired in a merger like the Facebook’s $3 billion offer two years ago. Then, in a refreshing twist for such a young captain of industry, Spiegel warned that the Fed’s “easy money policy” and low interest have created a tech bubble and it’s only a “matter of time till it bursts.”

snapchat-afp

Yahoo Ex-Employee Sued for Leaking Passwords for Marissa Mayer Book

Leaking information to reporters in Silicon Valley is an everyday occurrence. But a former employee at Yahoo is being sued for actually leaking passwords to confidential computer files inside the company to help a financial industry journalist write an unauthorized biography titled: “Marissa Mayer and the Fight to Save Yahoo!”

AP Photo/Michel Euler