Day: September 21, 2020

Netflix movie ‘The Social Dilemma’ slams social media: Review

The Netflix logo is shown in this illustration photograph in Encinitas, California.

Mike Blake | Reuters

The new Netflix documentary-drama “The Social Dilemma” has sparked some social media users to abandon their accounts — but it’s unlikely to put a dent in the tech giants it takes on.

A frequent entry on Netflix’s Top 10 list of most popular movies since its September 9 premiere on the platform, “The Social Dilemma” has been praised for being “possibly the single most lucid, succinct, and profoundly terrifying analysis of social media ever created” by Indiewire as well as criticized for being “manipulative and misleading” by tech analyst Benedict Evans.

“The Social Dilemma” explores how the Internet’s most popular products work on a basic business model of tracking users’ behavior in order to sell targeted ads and induce addiction in a vicious cycle. The film blends interviews with tech experts, including many former

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Stocks Mixed, Technology Names Power S&P 500 to Another New High

The MarketWatch News Department was not involved in the creation of this content.

Image: Five-day chart, S&P 500 Index. Source: Yahoo Finance

By Stan Choe, Damian J. Troise and Alex Veiga

NEW YORK (AP) — Stocks were mixed on Wall Street Tuesday, but gains were strong enough for tech companies and other pockets of the market to carry the S&P 500 to its fourth straight gain and another record high.

The benchmark index rose 12.34, or 0.4%, to 3,443.62, even though slightly more stocks within it sank than rose. The Dow Jones Industrial Average fell 60.02, or 0.2%, to 28,248.44, and the Nasdaq composite rose 86.75, or 0.8%, to 11,466.47.

The modest moves followed some more mixed data reports on the economy. One showed that consumer confidence unexpectedly dropped this month, contrary to economists’ forecast for a strengthening. Another said sales of new homes accelerated faster than economists expected last

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Quibi Reportedly Exploring Possible Sale Amid Struggles

Short-form video streaming platform Quibi may be put up for sale after struggling to attract subscribers amid the COVID-19 pandemic.

Quibi is exploring a possible sale among several options under review with advisers, the Wall Street Journal reported, citing sources familiar with the matter. The company is also thinking about raising more money after its initial $1.8 billion cash raise, or going public through a merger with a special purpose acquisition company.

Quibi, an abbreviation for “quick bites,” was founded by Disney and DreamWorks alumni Jeffrey Katzenberg and led by CEO Meg Whitman, formerly of Hewlett Packard Enterprise. The service was designed to work on mobile devices, for a monthly subscription fee of $5 for ad-supported access and $8 for ad-free viewing.

The service pushed through with its launch in April despite the coronavirus outbreak, with Whitman saying in an interview with Digital Trends that it was fast-tracking the launch

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Koolearn Technology: Leading Chinese Online Education Company (OTCMKTS:KLTHF)

Elevator Pitch

I assign a Neutral rating to Chinese online education company Koolearn Technology Holding Limited (OTCPK:KLTHF) [1797:HK].

The K-12 education business is the key growth driver for Koolearn Technology, and all eyes are its location-based live interactive after-school tutoring courses referred to as DFUB. Looking ahead, DFUB has significant room to grow via further expansion into lower-tier cities in Mainland China and price increases.

On the flip side, Koolearn Technology’s K-12 education business remains loss-making, and the company’s recent share placement could possibly suggest that its share price has peaked. Koolearn Technology trades at a premium to most of its online peers, with consensus forward FY 2021 (YE May 31) and FY 2022 Enterprise Value-to-Revenue multiples at 15.9 times and 9.9 times, respectively. As such, I see a Neutral rating for Koolearn Technology as fair.

Readers have the option of trading in Koolearn Technology shares listed either on the

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New China ETFs Give Retail Investors Access to Soaring Tech, Ant

(Bloomberg) — Some of China’s biggest fund houses are launching products that will give millions of mom-and-pop investors exposure to the nation’s soaring tech firms.

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Four exchange-traded funds tracking the Star 50 Index open for subscription on Tuesday and are expected to attract as much as 20 billion yuan ($3 billion) between them. The ETFs are the first to directly replicate the index, which is derived from the nation’s newest stock venue aimed at fostering technology startups.

The launch comes just days after the Shanghai stock exchange approved Ant Group’s listing on its Star Board, setting the stage for a trading debut as soon as late October. Ant’s dual stock sale in Shanghai and Hong Kong may raise a combined $35 billion, which would make it the world’s biggest initial public offering ever. The firm, owned by billionaire Jack Ma, would be a candidate for index inclusion after

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‘We Blew It.’ Douglas Rushkoff’s Take on the Future of the Web

Douglas Rushkoff is a futurist, author, early cypherpunk and professor of media studies at Queens College. His early writings on the internet paved the way for thinking about the web in revolutionary terms, as a tool to enfranchise and connect the world. 

mutual aid, thinks we might be better off unplugging and returning our attention to the communities around us.” data-reactid=”20″In years since, Rushkoff has been an outspoken critic of the way the web has developed. A handful of tech monoliths – Facebook, Google and Amazon – dominate our digital experiences and monetize our attention, finding increasingly manipulative ways to keep us logged on. Rushkoff, a proponent for mutual aid, thinks we might be better off unplugging and returning our attention to the communities around us.

CoinDesk caught up with him in early-September for a discussion about the idealism of the early web, where things went wrong and the

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Nvidia Breaks Silence on Disastrous RTX 3080 Launch

Nvidia is trying to explain what exactly what went wrong to cause the botched launch of its new GeForce RTX 3080 graphics card.

Despite announcing the date and time of its release, many customers struggled to find an RTX 3080, with Nvidia’s own site still displaying a “notify me” button well after it had sold out. The traffic to the site slowed its servers to a crawl, which resulted in its notification emails going out nearly an hour after the 6 a.m. launch.

In a FAQ post Monday morning, Nvidia states that it had ten times the volume of visitors to its site as it did with its previous launch of the 20 series cards, and it was simply unprepared for the traffic.

This extended to its retail partners and third-party manufacturers, some of which reportedly saw traffic that beat out their Black Friday numbers.

Nvidia said it is increasing

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Highly efficient perovskite solar cells with enhanced stability and minimised lead leakage

Highly efficient perovskite solar cells with enhanced stability and minimised lead leakage
A researcher tests the function of the solar cells inside the glove box. Credit: City University of Hong Kong

While the power conversion efficiency of perovskite solar cells (PVSCs)—a future of solar cells—has already greatly improved in the past decade, the problems of instability and potential environmental impact are yet to be overcome. Recently, scientists from City University of Hong Kong (CityU) have developed a novel method which can simultaneously tackle the leakage of lead from PVSCs and the stability issue without compromising efficiency, paving the way for real-life application of perovskite photovoltaic technology.


The research team is co-led by Professor Alex Jen Kwan-yue, CityU’s Provost and Chair Professor of Chemistry and Materials Science, together with Professor Xu Zhengtao and Dr. Zhu Zonglong from the Department of Chemistry. Their research findings were recently published in the scientific journal Nature Nanotechnology, titled “2-D metal-organic framework for stable perovskite solar cells

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Technical Discussion: A big warm-up to kick off the autumn season! | News

THIS EVENING & TONIGHT…

A FROST ADVISORY is in effect for most of Connecticut for late tonight and early tomorrow morning. Southern portions of Fairfield, New Haven, Middlesex, and New London Counties are not included in the advisory.

It is going to be another clear, chilly night. Temperatures will fall back through the 50s after sunset (6:49 this evening), then into the 40s in many outlying areas by midnight. Overnight lows will be in the 30s and lower 40s.

THE FIRST DAY OF AUTUMN…

The autumnal equinox will occur tomorrow morning at 9:31. It is shaping up to be a very nice day to kick off the new season, although there will be a strong north or northwesterly breeze since we’ll be on the western fringe of Hurricane Teddy’s circulation. The center of Teddy is expected to pass 300 to 400 miles to the east of New England late tomorrow

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Obsidian should make the next Fallout

We’re all buzzing about today’s big gaming news. Microsoft has bought Bethesda. And as part of that $7.5 billion purchase, the Xbox company now owns Bethesda Game Works and some of the biggest role-playing game franchises of all time: The Elder Scrolls and Fallout.

So now Microsoft owns an RPG powerhouse. Well, another one. In 2018, Microsoft started this game company-acquiring binge, and Obsidian was one of its first big gets. That’s a studio that has its own history with Fallout, and all things considered … well, maybe Obsidian is the one that should make the next entry in that postapocalyptic series.

First off, you need to understand Obsidian’s history. The developer started in 2003 after the closure of Black Isle Studios, and many of those folks formed the new studio. Much of the team that made the original Fallout at Interplay created Black Isle, which then developed Fallout 2.

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