Tag: pay

Miss Hipmunk? Meet Flight Penguin, its founders’ new travel search engine

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In January of 2020, travel search Hipmunk shut down . The closure came less than four years after it had been acquired by business travel giant Concur, itself part of the even more gigantic SAP. It was one of countless examples over the years of a large company buying something small but innovative and then losing interest. But Hipmunk was so pleasant and useful that some of us are still in mourning: Last week, when a friend asked me for advice on travel booking sites, the first words out of my mouth were “I used to love Hipmunk, which is no more.” The bad news is that Hipmunk remains dead. However, some of its creators are back with a new travel tool called Flight Penguin that—though not at all a straightforward revival of the Hipmunk concept—will certainly appeal to some of the folks who were once fond of the ‘munk. Like Hipmunk, it’s got a quirky name, an adorable mascot ( drawn, in Hipmunk’s case, by Alexis Ohanian ), a clean interface, and a focus on finding flights that offer an attractive price without needless layovers and other complications. Read More …

The simple reason tech CEOs have so much power

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Coinbase’s plan to go public in April highlights a troubling trend among tech companies: Its founding team will maintain voting control, making it mostly immune to the wishes of outside investors. The best-known U.S. cryptocurrency exchange is doing this by creating two classes of shares . One class will be available to the public. The other is reserved for the founders, insiders and early investors, and will wield 20 times the voting power of regular shares. That will ensure that after all is said and done, the insiders will control 53.5% of the votes . Coinbase will join dozens of other publicly traded tech companies —many with household names such as Google, Facebook, Doordash, Airbnb, and Slack—that have issued two types of shares in an effort to retain control for founders and insiders. The reason this is becoming increasingly popular has a lot to do with Ayn Rand , one of Silicon Valley’s favorite authors , and the “myth of the founder” her writings have helped inspire Read More …

Hulu’s WeWork doc tries to recapture the energy of the 2019 saga

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In fall 2019, the story of WeWork’s Icarian plummet —from the startup destined to change the way we work and live to the laughing stock of Wall Street—played out with all the drama you’d expect when at its center are a messianic CEO and a Japanese billionaire enabling his reckless whims. As you may recall, former WeWork CEO Adam Neumann had a vision of creating a culture of communal workspaces that was turbocharged by SoftBank CEO Masayoshi Son investing more than $10 billion in WeWork with a mandate to Neumann to think bigger. WeWork soared to a $47 billion valuation and was on the precipice of going public until its prospectus raised a sea of red flags —from the company reporting $900 million in losses and $47 billion in lease obligations to Neumann’s wife, Rebekah, being granted the power to name his successor should anything happen to him. It was a tale of staggering hubris, lavish excess, and toxic leadership that became catnip for a storm of media coverage. Indeed, in today’s insatiable market for content for video streaming and on-demand audio, the WeWork saga inspired a flurry of deals to turn this story into tragedy, farce, or a bit of both. Last year there was Wondery’s deep-dive podcast miniseries WeCrashed , and New York Magazine contributor Reeves Wiedeman published the book Billion Dollar Loser. Yet to come is the book The Cult of We from Wall Street Journal reporters Maureen Farrell and Eliot Brown, which is being adapted into a limited series with Succession breakout star Nicholas Braun. Another forthcoming book, about SoftBank, from Fast Company contributor Katrina Booker, was fast-tracked for a TV series from Blumhouse. An Apple TV Plus limited series starring Jared Leto and Anne Hathaway as the Neumanns has also been announced Read More …

Want to make healthcare cheaper? Bring the hospital to you

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At first blush, the idea of moving most healthcare from hospitals and medical offices to people’s living rooms seems impossible. Of course, once upon a time, so did getting your groceries without leaving your couch. Or voting. Or attending college. Or talking to your doctor. Or virtually any of the activities in our daily lives that used to require going somewhere and doing something. There’s not many silver linings to COVID-19, but the emergence and acceptance of virtual healthcare is certainly one of them. Patients and doctors are now far more comfortable interacting over video or text, discussing intimate healthcare issues, prescribing treatment and conducting the follow up, all without anyone having to go anywhere. No one with a fever prefers climbing into a car or squeezing onto a crowded subway to sit in a germ-infested waiting room only to eventually have a doctor ask the same standardized questions that could have fit into a text Read More …

This iPhone app lets anybody mint an NFT for anything—for free

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Musicians and visual artists have long registered their work with the U.S. Copyright Office to prove it’s theirs. But doing so is really little more than a person in a government office “witnessing” that a creation is associated with a person’s name on a certain date. And the process takes weeks or months to complete. In the 21st century, creation happens on digital platforms. It happens far faster than ever before, and in many ways. Inspiration for a vocal line or a beat can happen spontaneously during a TikTok duet, for example. A GIF can be created on a phone and uploaded to social networks. It’s a good thing, then, that the blockchain can also “witness” the creation—and the creator—of a digital thing, and record it for perpetuity. A new, free app called S!ng lets pretty much anybody do this in a few seconds by minting an NFT ( nonfungible token ) of a work on the Ethereum blockchain. An NFT is a type of cryptographic token that signifies true ownership of a digital asset, such as a piece of digital artwork. Creators can upload images (JPEG, BMP, or TIFF files) or audio (WAV, MP3, MIDI, PTX, PTF, or M4A) to the S!ng app, or record audio directly via the phone’s microphone. Once creators have minted an NFT for their work, it can be sold or licensed to others online if there’s a market for it. Read More …