The lives upended around a $20 cheeseburger
> A cash-strapped rancher, a virus-stricken meatpacker, an underpaid chef, a hungry engineer: The journey of a single burger during a pandemic
A bit dramatic, but a good look at the food supply chain.
The New York Times is opting out of Apple News
Unsubscribe: The $0-budget movie that ‘topped the US box office’
> But on 10 June, one box office-topping movie was watched by just two people, in one cinema. Unsubscribe, a 29-minute horror movie shot entirely on video-conferencing app Zoom, generated $25,488 (£20,510) in ticket sales on that day. Nationwide, the movie hit the top of the charts, according to reputable revenue tacker Box Office Mojo. The budget of the movie: a flat $0. How was that possible?
> Perhaps the highly anticipated moment that I’m going to contextualize today is totally inevitable, in a way. For years, there’s been a rumbling that Apple would take its knowledge of the ARM processor architecture and bring it to its desktop and laptop computers. Next week, at a virtual Worldwide Developers Conference, the iPhone giant is expected to do just that. Of course, many will focus on the failed partner, the jilted lover of the business relationship that led to Apple’s move to vertically integrate: Intel. But I’m interested in the demise of the platform Intel vanquished on its way to taking over Apple—and the parallels that have emerged between PowerPC and Intel over time. Today’s Tedium dives into Apple’s long list of jilted processor partners, leaning closely on the shift from PowerPC to Intel. Keep Apple happy, or else.
> Greetings and salutations internet person! Have you ever pissed off a customer so much they bought a domain and stood up a website to shit on your asinine and boneheaded business practices? GE just did.
> I just wanted a tall, cold, refreshing glass of water at 3am only to be greeted by a fucking atomic countdown on my trusty cold water and ice dispensing pal.
How to decode a data breach notice
> But data breach notifications have become an all-too-regular exercise in crisis communications. These notices increasingly try to deflect blame, obfuscate important details and omit important facts. After all, it’s in a company’s best interest to keep the stock markets happy, investors satisfied and regulators off their backs. Why would it want to say anything to the contrary?
Wanted: Somewhere, Anywhere, to Store Lots of Cheap Oil
> Storage schemes get creative, with would-be investors looking to sock it away in giant pools, caves or anywhere else
Touch And Go
> Pondering the disastrous fate of the HP TouchPad, an early tablet based on WebOS that’s best known for being the subject of a well-remembered fire sale.
Point Of Saturation
> 75k - The number of restaurants around the world that use the Aloha point of sale system. Aloha is an industry stalwart that has managed to stay relevant while often still looking like it was designed in 1998.
Plus some NCR history.
Desperate for High-Paying Wall Street Jobs, Penn Students Try Buying Their Way Into the Right Classes
> Five years ago, sophomores like Current might not have been so desperate. Back then, finance companies hired for their all-important junior-year summer internships just a few months ahead of time. But recently, in an attempt to scoop up the best students before anyone else, companies have moved up the timeline. It’s now standard practice for finance firms to recruit sophomores like Current — who has only completed three semesters of college and hasn’t even declared a major — for those same junior-year summer internships a full 18 months in advance.
SoftBank’s $375 Million Bet on Pizza Went Really Bad Really Fast
> By the time Garden headed back down the driveway, he was well on his way to a SoftBank investment of $375 million, with double that money on the table if his business gained traction. But that’s not what happened. Instead, Zume marks one of the biggest recent disappointments in SoftBank’s portfolio. As of this year it no longer makes or delivers pizzas. In January, Zume cut 360 jobs, leaving a little over 300 employees, and said it would focus on packaging and efficiency gains for other food delivery companies.
Levine commentary: https://www.bloomberg.com/opinion/articles/2020-02-14/robot-pizza-trucks-hit-some-bumps
> Just, what a closed loop it is. You run a pizza delivery business. You craft a pitch calculated to convince Masayoshi Son that your pizza delivery business will change the world. You meet with Masayoshi Son. He convinces you that you will change the world. Now you are all believers, all in it together. He hands you piles of money. You go home and weep to your friends, “I am going to change the world.” The friends are like “wait what with the pizzas?” But it is too late for skepticism, you have the money, the robots are in the trucks, they are fanning out across town, the cheese is everywhere, they cannot turn back.
People Are Jailbreaking Used Teslas to Get the Features They Expect
> Last week, Jalopnik ran an article about a person who bought a used Tesla from a dealer—who in turn bought it at auction directly from Tesla under California’s lemon law buyback program—advertised as having Autopilot, the company’s Advanced Driver Assistance System. The entire Autopilot package, which the car had when the dealer bought it, costs an extra $8,000. Then, Tesla remotely removed the software because “Full-Self Driving was not a feature that you had paid for.” Tesla said if the customer wanted Autopilot back, he’d have to fork over the $8,000.
Mistakes Were Made
> Take the time to learn about ERP software, and it’s easy to realize small errors compound quickly. It might seem like we’re going to be dunking on SAP here, but as we previously noted during our recent dive into updates to NFL quarterback statistics, when you’re really, really good at something difficult, you’re allowed more errors than others. By any measure, SAP is a titan of logistics and widespread enough as to be vital to the world economy. So when they fail, they fail in ways that have some spectacular consequences.
> Case in point: the Halloween without various Hershey’s candies.
> However, when the SAP Hana system they were “upgrading” to took three years to get to operational use, Lidl dumped the project … after spending well more than half a billion dollars. The move was reported not through a lawsuit but a simple memo that explained “the strategic goals as originally defined by the project could not be achieved without the retailer having to spend more than it wanted.”
Oh well, we tried, thanks for the money!
I broke Giant’s handheld scanner system by only buying two things
> The employee interface verified that my cart contained two (2) items. She scanned both. It verified that those two items were ones I had scanned. And then it told her that she needed to scan five more items to complete the audit, because the audit requires seven items to be scanned.
Work Is Work
> Every time I’ve written or spoken about organizational design, I’ve regretted it. There’s something about staking out a position on it which manages to prove me wrong a few years later. But I’ve been having some long thinks about it again, and here’s what I’ve got. Strap the fuck in.
How Crisco Made Americans Believers in Industrial Food
> Crisco’s main ingredient, cottonseed oil, had a bad rap. So marketers decided to focus on the ‘purity’ of factory food processing
Hackers hit Norsk Hydro with ransomware
> The breach last March would ultimately affect all 35,000 Norsk Hydro employees across 40 countries, locking the files on thousands of servers and PCs. The financial impact would eventually approach $71 million.
> All of that damage had been set in motion three months earlier when one employee unknowingly opened an infected email from a trusted customer. That allowed hackers to invade the IT infrastructure and covertly plant their virus.
This is kinda fluffy, but somewhat interesting.
A Decade of ‘Unicorns’ Ends With a Little Less Magic
> Despite their growing numbers and valuations, the performance of unicorns has been a mixed bag. On the whole, an investor in the second half of the decade was likelier to have put money into a unicorn that was unprofitable and whose value has dropped as a public company than an investor in the decade’s first half, The Wall Street Journal found.
You Can’t Just Call Loans Options
> Also tech companies as banks, the bank of crypto and index funds.
> A weird feature of U.S. tax law is that, if you do a thing purely to get around tax rules, then that is bad and a sham and the IRS can look through it and make you pay your taxes. But if you do the thing not only to get around tax rules but also to get around other rules (like margin requirements), then from the IRS’s perspective you have a valid business purpose and you might be able to keep your good tax treatment. “We’re not just gaming your rules, we’re gaming other regulators’ rules too” is, surprisingly, an argument that might persuade the IRS.
> The advertising for the Apple card calls it “A new kind of credit card. Created by Apple, not a bank.” That appears to be true of the appearance of the physical card. But the credit algorithms were created by a bank, to Apple’s eventual embarrassment. It is just a little odd that Apple seems to have been so incurious about the algorithms. It’s a tech company!
The Google Squeeze
> OTAs have always been a special case when it comes to Aggregation Theory; like Aggregators, they serve customers on a zero marginal cost basis, and they have power over supply (hotels, primarily) by virtue of delivering them demand. The hangup for me is how they acquire that demand: first and foremost from Google.
> This arrangement between OTAs and Google has long been beneficial to both sides. Google drives traffic to the OTAs, which can monetize that traffic via commissions extracted from suppliers.2 Google, meanwhile, not only receives relevant results it could serve to customers, but also makes billions of dollars from OTAs buying search ads.