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Start-up

Everyone is ditching Snapchat

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Everyone’s leaving Snapchat… and now the list includes Imran Khan, the company’s chief strategy officer. Others that have left include CFO Drew Vollero and VP of Product Tom Conrad. The company has also been without a COO since Emily White left in 2015. And while there haven’t been any high profile departures, investors are still wondering what is going on at Snachat.

 

Hopefully, you didn’t buy Snap’s… IPO at $17 per share. Today, the stock was trading in the single digits and was at an all-time low last week. Needless to say, the revolving door of executives and the recent drop in daily users will continue to drive the share price down.

 

Investors seem to believe… that Snapchat could use an executive that can command both the respect of Silicon Valley and Wall Street. Currently, Snap appears to be run by a bunch of damn kids. But maybe the company just needs someone who will stick around…whether that be executives or daily users.

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Fang

It’s a cauldron. It’s a grill. It’s a smart speaker?

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Brought to you by Samsung… is the Galaxy Home. The Galaxy Home is a smart speaker with an unusual design that aims to compete with Amazon, Google, and Apple. And better late than never – Amazon has been in the smart speaker game since 2014.

 

Hey Bixby… is the phrase you will be using to speak with your speaker. That is the extent of what we know about this speaker because Samsung has not released the cost or what the speaker even does. However, Bixby should integrate well with the company’s connected cars, premium audio, and artificial intelligence.

 

Bixby will be different… or at least it should be if Samsung expects any of us to buy it. Samsung demonstrated Bixby’s ability to have a conversation with you – which isn’t particularly impressive because Google and Amazon speakers have already been able to do that. What else ya got, Bixby?? I guess we’ll see…

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Start-up

Here is a robot we could ALL use

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The future is upon us… and pretty soon we will have robots cleaning up after us – and what is more futuristic than that? Researchers at MIT are creating robots that can understand objects to help automate tedious chores like cleaning. This robot isn’t just useful for cleaning up your crap – it also could be used to pack boxes in warehouses.

 

Okay, we do already have robots… but these cannot think for themselves, which makes them so much less futuristic. Robots developed by MIT could understand how to pick-up and pack objects into boxes – just like humans already do. And I know what you’re thinking, ‘Robots are going 2 steal our jobz!!!!’ Well, yeah – probably…but maybe try doing a better job so that doesn’t happen.

 

Here’s how they work… it is actually a robotic arm that examines and analyzes different products to understand what they have in common. After looking over different shoes, this robot could learn where the laces should be. Okay, not that impressive, but we’re getting there people.

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International

Isn’t everything ‘Made in China’?

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Not anymore… because the country’s exports have been slowing down steadily amidst a trade-war with the United States. Chinese exports have gone from 12% in July to 10% in August, and things are not looking so great going forward. US President Donald Trump is ready to put another $267 billion worth of tariffs on Chinese products.

 

There are already lots of tariffs… and such a move by Trump would push new taxes on the $505 billion worth of goods the US imported from China last year. With slowing growth in exports coming from the European Union and Japan – can China really afford this?

 

Meanwhile in the United States… exports were at a record-high. But don’t get too excited as many companies were just trying to beat the next round of tariffs. And the United States is still largely indebted to China which is a critical issue in the trade spat. It looks like more trade-fun is in-store for the fall!

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