A spokesperson for the Los Angeles County Sheriff's Department issued a statement Friday confirming the accuracy of quotes that appeared in Leah McGrath Goodman's Newsweek article allegedly outing the founder of Bitcoin.
The Department said two sheriff's deputies were called to Nakamoto's home in Temple City when Goodman came there to interview him Feb. 20 and they both "agreed" that the quotes in the story were correct.
"I spoke to the two Los Angeles County Sheriff’s deputies who handled the call and who were present for the conversation," Los Angeles County Sheriff’s Department Captain Mike Parker said. "Both sheriff’s deputies agreed that the quotes published in the March 6, 2014, Newsweek magazine Bitcoin article that were attributed to the resident and to one of the deputies were accurate."
After Goodman's story was published Thursday, Nakamoto denied having anything to do with the cryptocurrency and said he was misunderstood by Goodman when he told her, "I am no longer involved in that and I cannot discuss it." Nakamoto said he was referring to his engineering career and not confirming he was involved in the creation of the cryptocurrency. He did not claim he was inaccurately quoted, only that his words were misunderstood. Goodman also quoted one of the deputies as having said, "This is the guy who created Bitcoin? It looks like he's living a pretty humble life."
The Los Angeles County Sheriff's Department also provided details about why the pair of deputies responded to Nakamoto's home when Goodman came to interview him.
Read the other details the Department provided about the incident below:
At 2:09PM, on Thursday, Feb. 20, 2014, Temple Sheriff’s Station of the Los Angeles County Sheriff’s Department received a suspicious person call in Temple City. The caller reported an unknown woman in her 20’s was knocking on the door at his home, and sitting on his porch for the past hour. The caller said he was afraid to open the door.
Two deputies responded and spoke to the male resident caller and the woman. The woman identified herself as Newsweek reporter Leah Goodman and the resident expressed reluctance to talk to her. The deputies were present for the brief conversation between the two, and then the resident went back inside his home and the reporter left.
Earlier today, Arthur Nakamoto, Dorian's brother, indicated to BI that Goodman had misquoted or misunderstood his comments.
There's a revolution of sorts going on in the city of San Francisco against tech companies. And Salesforce.com CEO Marc Benioff wants tech companies to open their wallets and do something to stop it.
Tech companies are paying record high wages these days. That has caused housing prices to skyrocket. And that has led to some pretty scary protests.
On Friday, Benioff and the nonprofit Tipping Point announced a new plan called SF Gives, reports the San Francisco Chronicle's Joe Garofoli.
SF Gives aims to raise $10 million over the next 60 days to fund Bay Area antipoverty programs. In a few days of working the phones, Benioff says he's already raised $5 million from companies like LinkedIn, Google, Zynga, PopSugar, IfOnly, Jawbone and Box.
The gist is to convince 20 tech companies to contribute $500,000 apiece immediately, but he's hoping to grow it from there, to a $100 million endeavor.
Benioff, a self-made billonaire known for his philanthropy, wants wealthy CEOs and companies that aren't giving back to jump on board.
He told Garofoli:
"We still have some pretty epic companies here who have had IPOs and aren't giving - and aren't part of this and won't join.
We don't want to be the industry that looks like 'The Wolf of Wall Street.' ...
... if you come to San Francisco, you need to also be committed to giving back. ... You can't just take from our city."
Benioff grew up in San Francisco and his 12,000-employee company is headquartered there. Recently, companies like Pinterest, Twitter, Google and Mozilla opened up big offices there. Plus employees of other tech companies have moved to the city, suppored by private corporate buses that ferry them to their offices located elsewhere in the Bay Area.
The money will be spent on programs throughout the Bay Area, not just in the city of San Francisco. Largely thanks to the tech industry, the whole area is an extremely expensive place to live.
Tipping is a tricky business. Between waiters and cab drivers and barbers, all that extra money can add up. And it doesn't make things any easier that each service tends to have its own guidelines for how much to leave on top of the bill.
Mobile credit card reader Square dug into its user data — that's millions of dollars of payments processed through hundreds of thousands of transactions — to find out how people in 10 big cities across the U.S. treat the tipping dilemma. The company collected data during the month of January from any seller who had the tipping feature of the device turned on, from a restaurant to a hair salon.
According to the data, Chicagoans were the most likely to leave a tip, while Denver residents left the biggest tips overall, coming close to 17%. Customers in Atlanta and Tampa were the least likely to tip, and San Franciscans left the smallest tips, only 15.5% on average.
Here's how the rest of the cities shook out.
SEE ALSO: Meet America's Biggest Philanthropists
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This is one mansion that's seriously energy-efficient.
The home belongs to Stephen Rizzone, CEO and chairman of Pleasanton, Calif.-based tech company Energous Corp. which makes wireless routers.
Rizzone said that the solar panels provide about 95% of the home's power, though their appearance hasn't always been appreciated by the neighbors.
"The house gained some notoriety, good and bad," Rizzone said to the Wall Street Journal. "But we were able to work through that."
The 11,740-square-foot home sits on an amazing lot overlooking Newport Harbor.
Here's a look at those solar panels, which Rizzone says provide about 95% of the home's energy.
According to the listing, this was the first U.S. home over 10,000 square feet to be LEED Platinum-certified.
See the rest of the story at Business Insider
Ever since Apple announced the redesigned Mac Pro at its Worldwide Developer Conference last summer, the biggest question coming from Apple's high-end users has been: "Where's the 4K display to go with it?"
After all, the ability to work with video and photographs shot at insanely high resolutions is one of the key selling points for the new Mac Pro.
But for some reason, Apple put the Mac Pro on the market without selling an Apple-branded 4K display to go with it.
That isn't to say that Apple didn't offer any display options for its high-end users: on its site, you can still buy one of the company's $999 Thunderbolt displays with a resolution somewhat higher than 1080p, or you can step it up to a 4K monitor with this 32-inch display from Sharp for the low, low price of $3,595.
Apple's highest-end customers were hoping for an actual Apple display with 4K resolution. Until recently, though, Mac OS X's support for 4K displays simply wasn't ready for primetime.
One of Apple's biggest features when debuting high-resolution displays for its Macs was the use of "pixel-doubling." Basically, Apple did the same thing as when it introduced the iPhone 4 with its Retina Display: doubled the resolution of the screen but kept it the same size.
That makes everything on the screen look the same size but sharper instead of simply making everything smaller, which is normally what happens when you increase your screen's resolution.
While the MacBook Pros with Retina have all been able to do this on their built-in screens since their debut, Apple's computers didn't let you do the same with external 4K monitors. So when you plugged in one of those $3,595 screens into your Mac Pro, you got an interface so small that some users complained that it would induce eye strain. It's not a shock that Apple didn't release its own $999+ 4K screen with that bad of a drawback for some of its most influential customers.
According to 9to5Mac's Mark Gurman, the latest beta version of OS X 10.9 introduces pixel-doubling for 4K monitors. With external monitors offering the same "Retina" experience as Apple's own laptops, it wouldn't be surprising to see Apple finally release its own 4K Thunderbolt display sooner rather than later — and considering the fact that Dell now offers a $699 4K display, Apple might even be able to hit that same $999 price point as its current displays.
Newsweek is standing by Leah McGrath Goodman's assertion that Dorian Prentice Satoshi Nakamoto invented Bitcoin.
Nakamoto is denying it.
One source for McGrath Goodman's piece was Dorian's brother, Arthur.
In a very brief phone conversation with Business Insider Friday, Arthur Nakamoto indicated he'd been misquoted or misinterpreted in some way, and had harsh words for McGrath Goodman.
"She's destroying my eldest brother," he said, adding, "this is sick," before hanging up.
It was not clear whether he meant McGrath Goodman had gotten her whole story wrong, or that she had drawn unwelcome attention toward Dorian Nakamoto. Attempts to follow up by phone and email were unsuccessful.
In the piece, McGrath Goodman quoted him as saying:
"My brother is an asshole. What you don't know about him is that he's worked on classified stuff. His life was a complete blank for a while. You're not going to be able to get to him. He'll deny everything. He'll never admit to starting Bitcoin."
In his interview with the AP's Ryan Nakashima, Dorian Nakamoto also said he'd been misunderstood by McGrath Goodman. "It sounded like I was involved before with bitcoin and looked like I'm not involved now. That's not what I meant. I want to clarify that," he said.
Dorian has not spoken since that interview.
Shares of newly public company FireEye have been going so crazy lately that the company decided to sell off a bunch more of them on Friday, in a secondary offering. And many of its other stakeholders joined in the selling party.
Among them was Kevin Mandia, a former U.S. Air Force officer who founded Mandiant, a security firm that FireEye bought in January for $1.05 billion. FireEye paid $106.5 million in cash and the rest in stock.
The CEO of FireEye, David DeWalt, told Business Insider that this was like an IPO for Mandia.
"Today was a proud moment for Kevin Mandia. It was a chance for our Mandiant asset to go IPO," DeWalt said.
DeWalt also shared a fun fact about FireEye and Mandiant: both companies were founded on the same day in 2004. So maybe their marriage was destiny?
A total of 14 million shares were put on sale for the secondary offering, priced at $82, 5.6 million from the company and the rest from other stake holders, including Mandia. He sold 227,586 shares. At $82 per share, that's almost $18.7 million.
FireEye has only been a public company for about six months. It held a successful IPO in September, initially pricing shares at $20. In the past few weeks, shares zoomed over 370%, briefly hitting a high of $96, and at that price, turning its founder Ashar Aziz into a billionaire.
At $82 a share, Aziz's net worth is down, but he's probably not crying about it. He cashed out of over 1 million shares today, too. (At $82, he nabbed $88.7 million.)
The success of both founders is "very rewarding for me and the directors," DeWalt says. DeWalt is best known as the former CEO of McAfee who sold the antivirus company to Intel for $7.8 billion. He also led Documentum to its $1.7 billion acquisition by EMC.
But this is the first taste of the big time for both Aziz and Mandia.
Aziz grew up in Pakistan and put himself through school at MIT before founding his company. Mandia grew up Pennsylvania and was an officer in the U.S. Air Force before founding his company.
After today's sale, Mandia currently owns 3,023,640 shares, or a 2.1% stake in FireEye. He also joined the company as COO.
Cybersecurity engineers from government spy and defense agencies are fleeing DC for Silicon Valley.
Now more than ever, tech companies need the skill sets that the elite engineers working for the NSA, CIA and Department of Defense can offer, The Information reports.
And it's an attractive deal for those engineers, too, who get to move to sunny California for a high-paying gig in a fast-moving, nonbureaucratic environment.
Cyber-security companies and startups like FireEye and Defense.net always need more talented engineers joining their troops, but even non-cybersecurity companies like Facebook, Google and Zynga want people that can help them protect their data and infrastructure from hostile attacks.
“There are brilliant graduates coming from MIT and Stanford, but they tend to be young, optimistic and insufficiently paranoid," chief executive of Defense.net Chris Risley told The Information. "The people who think the way we need them to think are coming out of the government or traditional government contractors.”
Risley has recruited more than half his engineering department from such sources.
But just because more engineers are finding their way to Silicon Valley, doesn't mean the government is wasting its investment on those people. The government buys security products from private companies, so if those companies better understand government goals and requirements through the insight of past employees, they'll make the best products needed to protect this country. And it works in the opposite direction, too: for years, the Pentagon has poached from Silicon Valley's finest enterprise companies and Facebook's chief security officer went to work for the NSA back in 2010.
With growing public mistrust about agencies like the NSA having too much access to private data, though, this frequent back-and-forth makes some people nervous. (When the NSA's surveillance program, PRISM, was revealed last year, Mark Zuckerberg and Larry Page both denied having ever heard of the program, but those statements didn't quell every fear.)
Regardless, with reports of new cyberattacks increasing all the time, the symbiotic relationship between the government and Silicon Valley looks likely to continue.
“People don’t like to say it aloud," head of cybersecurity research center the SANS Institute told The Information, "but the tanks of the next war will be the people with the skills to win or lose battles in cyberspace.”
Pebble has announced new official partner apps for its smartwatch and is opening the Android arm of its app store.
The new app partners are eBay, Evernote, and Time Warner Cable.
Pebble's app store runs on your iOS or Android phone as an app unto itself. A few of our favorite app offerings so far are Tiny Bird for getting a quick Flappy Bird fix on your watch, and 7-Minute Workout for breaking a sweat.
When not running apps, the Pebble lets you view incoming tweets, emails and text messages right from your wrist.
Pebble first gained attention back in 2012 when it raised more than $10.2 million on Kickstarter from almost 69,000 people. Last May, Pebble raised a $15 million Series A round led by Charles River Ventures.
SEE ALSO: REVIEW: The best smartwatch in the world
Everyone loves to hear a juicy story about some hot new company's latest multimillion-dollar fundraise.
In Silicon Valley and beyond, it's become common to only equate "serious" entrepreneurship with gobs of venture capital. If a company isn't funded, it must be a lifestyle business. (Generally, lifestyle businesses are ones the founders don't dedicate their entire lives to; you won't see them working intense 70-hour work weeks because they see their company as a smaller aspect of their lives. This isn't inherently a bad thing, but people in the industry often misuse it to demeaningly refer to the easy path.)
Venture capital isn't the only way to fund a business, and for many early-stage startups, it's actually the worst way, he writes. The majority of entrepreneurs across the U.S. don't need funding. Getting a startup off the ground costs less these days, and a small team with the right product can bootstrap its way to success without ever raising capital.
We need to stop fetishizing the most recent massive funding round, he says, and recognize that just because a company isn't hitting up Andreessen Horowitz doesn't mean the founders aren't working just as hard. Just because a business is small, doesn't mean it's a lifestyle business.
"The profitable seventeen-person company with an enterprise value of $20 million, 90% owned by its founder?" Walker writes, "That’s awesome even if you’ll never read about them in TechCrunch."
Apple, the world's largest tech company by market cap, can make or break another company's stock by simply showing up in an SEC filing.
That's what happened yesterday when display processing technology company Pixelworks disclosed in an SEC filing that more than 10% of its revenue last year came from the tech giant.
The company's stock price shot up almost 90% on the news, bringing it to its highest level since October 2006, according to The Wall Street Journal's Tess Stynes.
What's incredible is that the mere mention of Apple brought the stock up despite the relatively small extent to which the companies are involved — 10% of $48.1 million in annual revenue isn't exactly huge when you're talking about Apple — and the fact that Pixelworks' revenue declined 19% year-over-year in 2013.
What's likely gotten everyone on Wall Street worked up is the possibility that Pixelworks' technology will power an actual ultra-high-definition television from Apple in the coming months. At least, that's the impression we got from the Seeking Alpha post by PTT Research's Mark Gomes yesterday:
However, AAPL has virtually no background in television technology. This contrasts greatly against Samsung, which has dominated the TV market for years. Indeed, when comparing the two vendors, this is where Samsung holds the most decided advantage. Thus, I continue to believe that Apple is looking to obtain the necessary expertise to close the gap. In my opinion, PXLW still represents Apple's best hope.
Unfortunately, there's no real evidence to back up the idea that Apple is making a television set with the technology it's licensing from Pixelworks. Based on the company's own explanations of what its tech does, it seems that it's likely being used to improve the quality of the Retina Displays already used in Apple's iOS and Mac lineups.
For instance, one of the biggest potential issues with Apple's MacBook Pro with Retina (and the iPad Air) is that content made for screens with lower resolutions can look awful on large Retina Displays because pixelation becomes even more noticeable. One of Pixelworks' core technologies is "advanced scaling," which aims to make content look as nice as possible on higher-resolution displays.
Similarly, Pixelworks claims that its mobile video processing technology provide "improvements in color, contrast, sharpness and de-blur that are only found in high quality televisions today. Furthermore, this technology can save system power and extend battery life."
Technology that can improve color, contrast and battery life at the same time? That definitely sounds like something that Apple would use in the iPhone, not a TV.
That isn't to say that Apple might not be licensing Pixelworks technology for some crazy new product. Back in December, AppleInsider's Mikey Campbell dug up a patent Apple filed for a wireless computer built around using a projector instead of a screen for its display. If that project ever came to fruition (many Apple patents don't), it wouldn't be surprising to see Apple integrate Pixelworks' VueMagic technology, which makes it easier to use tablets and smartphones with projectors for a variety of tasks.
After Dong Nguyen pulled Flappy Bird from the App Store a few weeks ago, dozens of clones have appeared on the app charts.The batch of recent clones include Flying Cyrus, which requires players to navigate a flying Miley Cyrus head through a series of wrecking balls.
In what could be the first time in recent weeks, a clone isn't occupying the top of iPhone charts.
Smash Hit is a very easy game: Players have to destroy a series of obstacles with an arsenal of metallic orbs. The music will speed up as each obstacle becomes more difficult to destroy.
Earlier this week, Dish Network and Disney reached a landmark content rights deal that many are saying will change the future of how we watch television and online video.
In short, Dish agreed to carry certain less-popular Disney-owned channels like the SEC Network on its satellite television package, and Disney gave Dish Network the rights to air some of its more popular channels, like ABC and ESPN, as part of a streaming Internet service Dish would like to build.
Also, Dish Network agreed to stop allowing its customers to skip ABC's primetime ads using its AutoHop feature in exchange for Disney dropping its lawsuit against Dish over the Hopper.
Here's a breakdown of what this means moving forward:
Q: I already use an app like WatchESPN or Time Warner Cable's TWC TV to stream live TV on my computer/smartphone/tablet. How is this any different?
A: The difference here is that WatchESPN and TWC TV both require you to log in with a username and password you received from signing up for traditional cable or satellite television. This deal gives Dish Network the right to offer a separate, live TV and video-on-demand service that you could only access by streaming over the Internet. According to Bloomberg, Dish Network would be looking to price such an offering at between $20 and $30 a month.
Q: That sounds awesome, where do I sign up?
A: In the famous words of ESPN's Lee Corso, "Not so fast, my friend." There's still a lot that needs to happen before Dish's plans for an Internet streaming network (also known as an "over-the-top" network) can become a reality. For starters, industry analysts think Dish and Disney's contractual agreement likely prevents Dish from launching a streaming network without content from other major players like NBCUniversal, Fox and CBS.
While the agreement does provide a blueprint for how Dish might structure similar deals with other content providers, it will also need to figure out how to get the content into its subscribers' homes at high speeds. Dish just purchased $1.56 billion worth of wireless spectrum, but it might also need to make a direct peering deal with a broadband Internet provider similar to the one Netflix recently made with Comcast.
Q: When this does become available, is everyone pretty much going to ditch cable?
A: No, because this product isn't for everyone. While Dish Network's proposed offering would definitely be cheaper at $20-$30 a month than a traditional cable or satellite package, it will also likely include fewer channels. Dish Network has in fact very carefully defined the market segment it hopes to entice: young, single people who don't presently subscribe to pay TV because they feel it's too expensive.
In the press release announcing the deal and in an interview given to Bloomberg by an executive shortly after, Dish has called its proposed network (emphasis mine) a "personal subscription" for "a group of individuals, 18-to-34-year olds, who would love to have a lower-cost product with some of the top content out there."
Dish hasn't said so explicitly, but I'm betting its over-the-top network will carry with it technology that prevents people from sharing their subscriptions with friends and family by giving out their log-in information.
Q: I'm a Dish Network subscriber, and I love AutoHop. What's going to happen to it?
A: Presently, Dish has agreed to disable its AutoHop function only for ABC programming and only if you are watching it in the first three days after it aired. This is because television ad sales are currently counted based on how many people saw a given ad during its live broadcast and in the three days afterward, meaning that the broadcast networks lose ad revenue every time people use the AutoHop.
You can bet, though, that Dish Network will be talking to NBC, CBS and Fox about signing a deal similar to the one it made with ABC. In fact, Dish CEO Charlie Ergen is known as such a shrewd negotiator that some think he has intentionally weathered lawsuits stemming from the AutoHop feature (which have mostly gone his way, thus far) in order to have a bargaining chip with networks to secure expanded content rights.
Earlier today we mentioned that there's a superfast way to take a picture from the lock screen on your iPhone. But did you know there's a way to take a picture without having to hold your phone at all?
Once you're in the camera app, you can either take a picture using the round button on the screen, or you can take a picture using the volume key. Therefore, you can also take a picture using the volume key on your headphones!
Your phone is less likely to shake if you don't actually have to press any buttons on it, and that could result in less-fuzzy pictures.
And even better: if you have a Bluetooth headset, you don't even need to be near the phone at all. You can just prop it up against something, or use a handy iPhone tripod, stand back, and shoot the picture.
A new startup contest has emerged called 43North. This business incubator is offering $5 million in cash prizes to applicants who can create an innovative new business idea.
Six $500,000 awards and four $250,000 awards will be allocated to the runners-up.
This is one of the largest cash prizes in history for these types of competitions.
Winners are guaranteed the incubator space but must operate in Buffalo, N.Y., for one year.
Jordan Levy and Ron Schreiber are the venture capitalists managing this initiative, which is part of New York State Gov. Andrew Cuomo's pledge of $1 billion in state funding for economic growth in this area of the state.
Entrepreneurs and venture capitalists are focusing on cities like Buffalo and Detroit to bolster the local economy and fuel innovation. Factors like low-rent costs, less competition from Silicon Valley stalwarts like Google and Facebook, and a higher chance to quickly move up the executive ranks illustrate the potential for young tech enthusiasts to thrive in these environments.
The missing piece of the renewable-power jigsaw may now have been found in the form of a new type of flow battery.
In his first public appearance since leaving Microsoft's CEO role, Steve Ballmer did an interview with the dean of Oxford's school of business.
A month gone from the job, he seemed at peace with his decision to leave a company he loves so much that he calls it his "fourth child."
He talked about the best — and worst — advice he ever got. Here's what he said:
The best advice I ever got, I got from my father. Bar none. It was so prophetic and so deep …
My dad said, "If you’re going do a job, do a job. And if you’re not going to do a job, don’t do a job. And that is the key of everything."
No, seriously, the notion that if you’re going to do something then do it heart, body and soul and do it.
And really care. And have the kind of brain that forces you where you are always thinking about it and worrying about it and tending to it and nurturing it and growing it.
You either be all in or be all out.
There are disadvantages to having this kind of personality, I will tell you. It’s not all a bed of roses.
You’ve got to be in and take a long-term view. You’ve got to be as hard-core as anything, if you’re going to be successful.
By the way, he says this is the worst advice he ever got:
The worst piece of advice I ever got was pretty simple. I had a bunch of people at Stanford Business School who told me not to drop out to join Microsoft. That would have been cosmically the worst advice I ever got in my life.
Here's the full conversation.
Smartphones in the hands of so many on-the-go users have created a very enticing business proposition:
provide mobile-local services and targeted marketing that pinpoints consumers based on exactly where they are, and what they're doing. Foursquare has built its entire business model on this idea, and CEO Dennis Crowley was spotted on CNBC this month saying the company's revenue growth was 600% in 2013.
Techniques like geotargeting have become popular as a means of serving advertising, as have new technologies like beacons, which send signals via Bluetooth to consumers' phones. These services provide everything from information on where to find a certain product in-store to frictionless checkout.
The only problem is that a lot of people don't actually want to share where they are, and all these technologies depend on users' opting in. For local-mobile services to really succeed then, they must create a strong enough value proposition that convinces consumers to share their location.
In a recent report from BI Intelligence, we take an in-depth look at each of the most popular location-based marketing strategies and services, and explain how they're being used. The report identifies some the latest and most effective location-based apps that are giving consumers' reasons to share their locations. Research increasingly supports the notion that local apps and advertising lead to in-store purchases, which means there's even more reason to use location-based mobile marketing to nudge consumers down the purchase funnel.
Here are some of the report's key findings on how the entire local-mobile landscape has shifted:
- Location-based services enjoy widespread acceptance, but adoption isn't growing. Seventy-four percent of U.S. smartphone owners say they use mobile location-based services. That percentage is flat compared to last year.
- Check-ins are becoming passé. The percentage of U.S. adults who reported using local-social networks to "check in," decreased from 18% in February of last year to 12% this year.
- Apps like Life360 and Waze prosper because consumers feel like they're getting great value out of sharing not just their location, but other information too.
- Research increasingly supports the notion that local apps and advertising leads to in-store purchases. Mobile-local campaigns allow marketers to nudge customers down the purchase funnel, and "close the loop," with in-store foot traffic and purchases.
- Geoaudience profiling, geoconquesting, and hyper-local in-store campaigns are three primary strategies used to segment audiences and target consumers based on location.
In full, the report:
- Examines how location-based services have changed now that the check in is on the way out.
- Considers those apps that have done the best job offering a service to consumers and getting them to voluntarily share their information.
- Puts location-based services in the context of mobile in-store shopping among consumers.
- Unpacks the three main campaigns associated with mobile-location marketing.
- Looks forward to emergent trends like hyper-local targeting, in which retailers use Bluetooth technology and mobile payments in stores.
Internet usage has moved to smartphones and tablets — and that goes for e-commerce, just as it does for social media.
For retailers, this means if their mobile sites and apps aren't up to snuff they're going to lose customers — fast.
At BI Intelligence, we looked at the top retailers on mobile, and found that Amazon, eBay, and Wal-Mart have done far and away the best job of encouraging customers to shop and research on their smartphones and tablets. Mobile-only users account for one-fourth to one-third of the total U.S. digital audience for each of these retailers.
How have these retailers been so successful on mobile? They have treated mobile as a means of engaging with consumers and reaching out to them in new ways, with features like app loyalty programs and image recognition technology. The effort has translated into a massive mobile audience, not to mention incremental sales.
In a recent BI Intelligence report, we look at the statistics behind eBay and Amazon's transition from PC-based e-commerce to the mobile computing era. Their success wasn't a given. Wal-Mart is an even bigger surprise in terms of mobile retail leadership. The company is striving to move faster on mobile than it did in PC-based e-commerce.
Here are some of the most important facts about the Big Three mobile retailers:
- eBay is masterful at getting mobile users to spend time on the app. Its users spend over 108 minutes a month on the app.
- Amazon had more mobile-only users than Facebook in the U.S. in September of last year. These users visit only on mobile and never see the desktop version of the site.
- It's not just Amazon. Mobile-only users account for one-fourth to one-third of the total U.S. digital audience for each of these three retailers.
- Shopping is a preferred mobile activity. eBay's users spend an average 108 minutes a month on its app.
- Mobile commerce offers tremendous reach. A full 15% of the U.S. mobile population accesses Wal-Mart.com on their smartphones.
- What is each of these retail giants doing on mobile? eBay privileges user engagement; Wal-Mart convenience, discounts, and in-store features; while Amazon focuses on optimizing user experience.
- E-commerce players large and small will follow the Big Three's lead in solving mobile challenges, such as the fact that many retail sites still aren't usable across all mobile browsers and operating systems. Also shopping carts don't sync across mobile and desktop, and payment processes are still clunky.
In full, the report:
- Advances the "50-30-40 rule," for mobile commerce properties, which starts with the idea that 50% of the audience should be accessing on mobile.
- Analyzes the threat to e-commerce from "reverse showrooming," which is when customers browse online but shop in physical stores.
- Studies the cases of eBay, Amazon, and Wal-Mart in order to see what they've done on mobile, and why.
- Looks at the use of the mobile Web vs. apps for the Big Three, and how each plays a different role depending on where the consumer is accessing.
- Discusses and compares the "mobile lift," or the incremental mobile audience for the Big Three retailers.
Dorian Nakamoto of Temple City, Calif. had an interesting day yesterday.
He was the subject of a Newsweek article that pegged him as "Satoshi Nakamoto," the creator of the digital currency Bitcoin. Immediately following the article's publishing, media outlets flocked to Nakamoto's front door and even engaged him in a car chase to a sushi restaurant.
But Nakamoto denies being the man behind Bitcoin. And there's compelling evidence that suggests he's telling the truth, not least of which being that the genuine Satoshi Nakamoto denies the media has their man.
The Bitcoin community is pretty unimpressed with how the whole thing went. They doubt the article's accuracy and feel sorry that Nakamoto spent the day being hounded. Andreas Antonopoulos, the Chief Security Officer of Blockchain.info, has undertaken fundraising effort to compensate the man for his highly irregular day.
Funds are of course being raised via Bitcoin and Antonopoulos has implemented some security to make sure people donate to the correct wallet.
Because of the currency's transparent design, we can watch donations roll in to the official fundraising wallet. At the time of this writing, there are just over 7.6 Bitcoins in there, roughly $4,600.
Mike Parker, typographer, died on February 23rd, aged 84.
What is the basis of civilisation? Some would say wheat; others, the taming of fire. Mike Parker would say, type. That little 15th-century typefounder's mould, made of brass, ready to take the hot lead that would cool into the letter-shape punched in the matrix, had helped people to read, and so had changed the way they thought and acted.
The Bible printed by Gutenberg around 1455, in that wonderful blackletter whose spacing of exquisitely planed type had never been bettered, had broken the hold of the church and opened the way to modern commerce. What could be more world-changing than that?
The little mould was one of the treasures he had found when he was tasked in 1958 to sort out the typefounders' artefacts at the Plantin-Moretus museum in Antwerp. Hooked on the subject already, with a master's from Yale on the types of Garamond, he now fell in love. From the dusty printing house he unearthed the unsurpassed 16th-century romans of Hendrik van den Keere, the ancestors of modern newspaper typeface and Poynter Oldstyle; the dancing baroque types of Robert Granjon, especially his Galliard, from which Mr Parker and his designer-colleague, Matthew Carter, developed a fresh version; and, tight-wrapped, still brand-new bright, the large Rotunda types cut for a never-printed antiphonary for Philip II of Spain.
For any type you could think of, Mr Parker knew the back-story. In his early years as director of type development at the Linotype typesetting company, where he stayed from 1959 until 1981, he walked around, a vigorous, booming figure, with his catalogue of the Plantin fonts under his arm--each specimen photographed with the light shining obliquely off the faces of the letters. Designers, he hoped, would look and imitate.
He did not draw the designs himself, though he had dreams of being an artist once. His job was to assess the spacing, shape, elegance and potential of the drawn types, and develop them. This was a subject he could expound on for hours, day or night, face to face, on the phone, or while devouring one of the five-alarm Korean stews he had acquired a taste for on his army service. Until he met his first wife, the upper-case Women in his Life all came from the world of typography.
A font for all seasons
His job at Linotype was also to build up a proper library of fonts for customers to order. He expanded the range from 150 to 1,500, cloning and adapting as necessary. This was standard industry behaviour, evolving as the different foundries and typesetting companies had competed for customers, designers and popular fonts down the years. Mr Parker could be a rascal with the rest: softening up Mr Carter, for example, and stealing him away from a rival company to become his chief designer.
He also stirred up controversy about Times New Roman, insisting that the original designs for it, by Starling Burgess, had been stolen from him in the 1920s. In 2009 he launched a type called Starling, based on those designs, to make his point; it was Times New Roman to the life, but better.
Of the more than 1,000 types he developed, his greatest success was Helvetica. It was he who adjusted it, or corralled it, to the needs of the obdurate, cranky, noisy Linotype machines which then printed almost everything in America. Originally it was the brainchild of a Swiss designers, Max Miedinger, who devised it in 1956. In contrast to the delicate exuberance of 16th-century types, Helvetica was plain, rigidly horizontal--and eminently readable.
It became, in Mr Parker's hands, the public typeface of the modern world: of the New York subway, of federal income-tax forms, of the logos of McDonald's, Microsoft, Apple, Lufthansa and countless others. It was also, for its clarity, the default type on Macs, and so leapt smoothly into the desktop age.
Not everyone liked it. He did not always like it himself: as he roared around Brooklyn or Boston, opera pumping out at full volume from his car, he would constantly spot Helvetica being abused in some way, with rounded terminals or bad spacing, on shopfronts or the sides of trucks. But far from seeing Helvetica as neutral, vanilla or nondescript, he loved it for the relationship between figure and ground, its firmness, its existence in "a powerful matrix of surrounding space". Type gave flavour to words: and this was a typeface that gave people confidence to navigate through swiftly changing times.
He rode them pretty well himself, leaving Linotype in 1981 with Mr Carter to found Bitstream, the first company dedicated to producing digital fonts that could be licensed for use by anyone. A partnership with Steve Jobs never quite happened and, in 1995, cost him his shirt; but he remained delighted by the typesetting possibilities of the digital age, in which whole pages could be set at the touch of a button, and thousands of fonts browsed and deployed by one person sitting at a desk.
As type historian for the Font Bureau in his later years, he liked to muse that typesetting had moved at a Procrustean pace between Gutenberg and the late 19th-century Linotype machine. But--cue for a broad, twinkling smile--he had been lucky enough to live and work in the latter half of the 20th century, an age of light-swift revolution generated, once again, by type.
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Google's offices are the stuff of legend.
Their new offices in Kuala Lumpur, Malaysia are no exception: Plants sprout from the walls and ceiling, while bright decor make for an office that feels a lot like a technicolor jungle. There's a boardroom that looks like a cave, complete with stalactites, and playground swings in the café.
Like Google's other offices, the entire space is open and connected, meant to foster collaboration among employees.
"They wanted a space where everyone could interact – they wanted to get all their people into the same space, and for that space to have a sense of identity that would make their presence known in Kuala Lumpur," project team leader Ramesh Subramaniam said in a press release. "We used a lot of different elements that relate specifically to Malaysia, but in an abstract way."
The offices were designed by global workplace design firm M Moser Associates, who have an office in Kuala Lumpur.
Welcome to Google Malaysia.
Enter the reception area through an old but bright blue door.
The common area is filled with lots of decorations inspired by nature, like this incredibly realistic forest screen.
See the rest of the story at Business Insider
It now appears a toss-up as to whether Dorian Prentice Satoshi Nakamoto is the same Satoshi Nakamoto who created Bitcoin.
Newsweek reporter Leah McGrath Goodman continues to stand by her assertion that the Temple City, Calif. resident created the worldwide digital currency phenomenon.
Dorian Nakamoto denies it.
McGrath Goodman was assisted in her reporting by Sharon Sergeant, who in the Newsweek piece is listed as a forensic analyst.
A systems engineer by training with experience in computing security, military protocol analysis, and artificial intelligence, Sergeant said everything she found converged on an individual with a background apparently similar to hers — and who ended up sharing a name with Bitcoin's creator.
"I said, 'I think I know this guy — he wears a pocket protector, he has a slide rule, he comes from that genre,' which was very different from other characterizations," she told BI by phone Friday.
Sergeant started out by looking at the original Bitcoin spec paper, and immediately seized upon references to what she said were old-school technological tropes: disk space and and Moore's Law. That pointed to someone with a long career in computing, something McGrath Goodman confirmed about Dorian Nakamoto in her reporting.
"The idea of conserving any kind of resources, and this is part of my formation, my long background in systems testing, that was a critical issue. But those are very very old-time concerns," she said. "To even mention disk space, things like that — disk space is cheap! And Moore's Law is an old maxim that computing power will double. We've gone exponentially away from Moore's law, but that was what it was all about in that interim period."
One element seized upon by many informal Nakamoto sleuthers is a discrepancy between the language used in the Bitcoin paper and in online conversations in which Satoshi was a participant. In an interview with Business Insider, McGrath Goodman said it appeared Nakamoto would shift his register depending on his audience. Sergeant says that from her perspective, the language discrepancies were insignificant.
"I was really surprised that people would do such superficial work on trying to look at how Satoshi Nakamoto wrote," Sergeant said. "The 'two spaces after a period' thing — there's an evolution of that particular pattern — it actually continues today — but that's the way Satoshi Nakamoto's generation was taught. So all those superficial things — the references to the British spelling, we said well that's really kind of random. There are so many things that were superficial."
"I said, 'People are running with that too much,' it's too easy to do, particularly in technology, particularly if you work with multinational people, you pick up things."
Despite all the denials, Sergeant says all the evidence she found still points to Dorian Nakamoto.
"It still comes down to the fact that we could not rule him out. And we tried. You don't want to go down 50 million paths barking up the wrong tree. There was a point at which we turned everything over to the journalist, and now it's, 'you gotta talk to people and see if there's any more info that does not converge.' And the only thing that does not converge is Dorian says it's not him."
But even his denials fit the stereotype, she said.
"I don't know whether that's true or not, but I have seen people deny everything up to the last minute. So my confidence level in the research is, this is the character of the developer, and the name, but more so the career-path of Dorian Satoshi Nakamoto does converge."
Newsweek and McGrath Goodman continue to stand by the story.
SEE ALSO: The Real Satoshi May Have Just Surfaced
Samsung is diving into the music space with its launch of Milk, an ad-free radio service available exclusively for its flagship Galaxy devices.
Milk has 200 genre-based radio stations and 13 million songs. It's powered by Slacker – a radio app pre-programmed onto some Android phones. Galaxy users can download Milk for free.
Samsung says that its trying to make new music discovery simple and organic. You don't have to sign up or log in when you use Milk: Music just starts playing.
The user interface revolves around a dial that displays up to nine genres at once, ranging from rap to classical. But you can also create your own personal stations based on your favorite song or album, just like you would on Pandora (but without the ads).
When explaining the name of the app to Business Insider, a Samsung representative said that it wanted its music experience to be rich and fresh. It should make you feel a satisfied "warm and fuzzy" feeling like you would with a tall glass of milk.
Presumably, Samsung wants users to ditch Pandora or Spotify to use Milk, as it positions itself more and more as a multimedia giant.
This isn't Samsung first foray into music though. It launched the subscription-based music store and player Music Hub several years ago. That service never really took off, likely because of the monthly cost.
If the Milk app takes off, Samsung will likely bake it into the soon-to-be-released Galaxy S5.