Money

Look out L.A. and New York: the migration wave lead by Gen Z and city dwellers is real

Across the nation major central business districts in cities like Los Angeles, Chicago, and Seattle remain eerily empty as employers continue to keep staff working remotely. Heading into the holidays, only 1 in 10 office workers had made their way back into Manhattan. But is the disruption caused by the pandemic—and the work from home …

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China’s consumers are turning against the homegrown Big Tech giants they once revered

In 2014, a group of university students in Beijing founded Ofo, a bike-sharing startup that let customers scan QR codes to rent bikes for short rides around cities, picking up and dropping off the bikes wherever they wished. The convenience and ease of dockless bike shares spawned competing startups like Mobike and Bluegogo, with each …

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WhatsApp delays privacy policy changes after users defect to rivals Signal and Telegram

Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. Facebook is delaying a privacy update to its WhatsApp messaging service after users started defecting to rival services like Signal and Telegram because of fears of the changes. WhatsApp is moving its privacy policy update …

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What job security? Americans are feeling worn down and fearful of layoffs

The vaccine rollout and incoming Democratic administration has Wall Street feeling pretty darn optimistic: Goldman Sachs is even going as far to project 2021 GDP growth of over 6%—which, if it occurred, would be the highest growth rate since 1984. But don’t pencil it in just yet. Look no further than the jobs report on …

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Sick patients over 80 could be a COVID vaccine risk, Norwegian health officials warn

Norway said Covid-19 vaccines may be too risky for the very old and terminally ill, the most cautious statement yet from a European health authority as countries assess the real-world side effects of the first shots to gain approval. Norwegian officials said 23 people had died in the country a short time after receiving their …

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Trillion dollar question: Will workers share in the savings from remote work?

This is the web version of Data Sheet, a daily newsletter on the business of tech. Sign up to get it delivered free to your inbox.  Remember Tim Ferriss’s best-selling advice book The 4-Hour Workweek from about 10 years ago? Ferriss tried to make the case that people would be much happier if they opted out …

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The markets may be faltering, but these surprise stocks are taking off

Happy Friday, Bull Sheeters. There’s plenty of red on the screen this morning. That’s despite a flurry of headlines which the markets of yesteryear would’ve swooned over: President-elect Joe Biden plans to ask Congress for a new $1.9 trillion stimulus spending plan and Fed Chief Jerome Powell wants you to know lower-for-longer is here to …

The markets may be faltering, but these surprise stocks are taking off Read More »