Amazon's 2018 profits: $11.2 billion; Amazon's 2018 IRS bill: negative $129 million

Amazon doubled its profits in 2018, to $11.2 billion; the company will receive a $129 million tax rebate for the year. Read the rest

Bossfight: Allstate Insurance enters the Right to Repair fight, loans its lobbyists to fight Apple

The Right to Repair movement got state legislatures to consider more than a dozen Right to Repair bills last year, and have made great strides in the EU and elsewhere, but for every two steps forward they manage, they're forced a step or two back by giant corporate lobbyists, led by Apple, who want to ensure that third parties can't repair products, and that a manufacturer's decision it's time to retire a product from the market won't be challenged by independent repair depots. Read the rest

LA Times demands that reporters sign away rights to books, movies and other works they create while working at the paper

The LA Times Guild has been negotiating a new contract with the newspaper, but has hit a wall thanks to an unprecedented demand from the paper's owners: they want writers to sign away the rights to nonfiction books, novels, movies and other works they create separate from their reporting for the paper. The newspaper is also demanding the right to use reporters "byline, biography and likeness" to market these works. Read the rest

Amazon drops New York HQ2 plans after organized resistance

Amazon will instead focus on Northern Virginia and Nashville, after an organized effort by New Yorkers to hold the company and lawmakers accountable for sneaky dealmaking.

How Epson's patent trolling is killing the EU market for replacement ink

If you're thinking of buying an Epson printer, think again (if you were unlucky enough to buy one already, consider switching): in an industry marked by the dirtiest of tricks to force customers to spend vast fortunes on ink that costs pennies to manufacture, Epson has marked itself out as a true innovator of sleazy tactics. Read the rest

Was that huge 2017 Equifax data breach part of a nation-state spy scheme?

That massive Equifax data breach on September 7, 2017, shocked everyone, but a year and a half later, where the data of all those 143 million Equifax users ended up is still a mystery. Read the rest

Blizzard/Activision celebrates record revenues by laying off 800 employees

Blizzard/Activision posted $7.5b in net revenues for 2018, and announced that it would lay off 800 of the employees who made those revenues possible, but fear not! The last time the company did a mass layoff (600 people in 2012), it generously rehired those people as temps, doing the same jobs for less pay, with no security or benefits. Read the rest

Leak: Apple is demanding 50% of the revenue from its "Netflix for news" product

Apple's been playing Lucy-and-the-football with the media industry for years now, exploiting the media's horrible Daddy Complex that has it forever searching for a tech company that will give it a sustainable future. Read the rest

Apple to launch 'Netflix for News' service at March 25 event. Publishers already hate it.

The event will be Apple's first major announcement in 2019.

Bill Gates debates Alexandria Ocasio-Cortez 'tax the rich' policy

Microsoft co-founder Bill Gates made some comments this week on the 'tax the rich' ideas making the rounds in America.

Taxing the rich is fine, he said in an interview with The Verge, and "more progressive" taxes on the ultra rich are okay.

Gates then went on to characterize Alexandria Ocasio-Cortez as an 'extreme' politician who is missing the point by focusing on targeting high income brackets. Read the rest

Trump signs 'American AI Initiative' executive order to prioritize federal funding for artificial intelligence research

There aren't many details in Trump's “American A.I. Initiative,” but the point appears to be: send a message of technological dominance to China.

Oakland's tech startups are reportedly being gentrified out of their spaces by deep-pocketed marijuana growers

Former Wired editor-in-chief and drone entrepreneur Chris Anderson tweets: "Hearing from tech startups getting priced out of Oakland warehouse space because of soaring demand for indoor hydroponic pot farms. Yes, because it's 2019 and everything is nuts *techies are being gentrified out of neighborhoods by drug dealers.*" Read the rest

Maybe Amazon HQ2 won't happen in New York after all?

Amazon's plan to bring 25,000 jobs to a NYC campus is under fire from locals, as more details are revealed of what was promised to Jeff Bezos' empire.

Amazon at times used Flex drivers' tips to cover promised base pay, investigation finds

Amazon sometimes dipped into tips earned by contracted delivery drivers for its 'Flex' service to cover the base pay they'd been promised, a Los Angeles Times review of emails and receipts shows. Read the rest

Juul's strategy for success: target children, steadily ramp up nicotine levels

Juul -- infused with billions by the company that owns Marlboro -- attained its $12.8B valuation by growing faster than any other vaping company, thanks in large part to the children who bought its products, reversing decades of progress in getting teens off nicotine products while simultaneously monopolizing the market for vaping products Read the rest

China legalizes eating a pufferfish bred to be nonpoisonous

Chinese fish farms have successfully bred seven generations of Takifugu rubripes and ten generations of Takifugu obscurus that lack the gene that causes normal specimens of these pufferfish species to produce a deadly toxin that means near-instant death for anyone who eats a fish whose poison has not been completely removed during preparation. Read the rest

Swedes are entitled to six months' leave to start a business, look after a sick relative, or study

Sweden consistently ranks as one of Europe's most innovative and entrepreneurial nations, and one of the most obvious explanations for this is the country's generous leave policy, which entitles salaried, full-time workers to six months' unpaid leave to start a (noncompeting) business, look after a sick relative, or go back to school. Read the rest

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