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'If it can be on YouTube, it can't be on Quibi': How the startup's Hollywood roots led to a traditional take on mobile TV

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Punk'd Quibi Chance the Rapper.

  • Mobile-video service Quibi has tried to distance its subscription app from free, social-media platforms like YouTube, Instagram, and Snapchat.
  • "If it can be on YouTube, it can't be on Quibi," founder Jeffrey Katzenberg is known to say, sources close to the company told Business Insider.
  • But that thinking also injected a rather traditional view of TV — centered on big stars and familiar concepts — into what is meant to be a modern platform for the millennial generation, some Quibi insiders said. 
  • Quibi doesn't need to reinvent the wheel when it comes to programming, but it does need shows that resonate with the millennial audience it chose to pursue, the same way Disney Plus enchanted kids and parents with "The Mandalorian."
  • The platform's next slate of programming starts rolling out in July.
  • If you have a tip about Quibi, contact the author at arodriguez@businessinsider.com, or message her on Signal at 347-770-5933.
  • Visit Insider's homepage for more stories.

When mobile-video platform Quibi was commissioning its initial programming slate, the mandate from founder Jeffrey Katzenberg was clear: Quibi's shows needed to be different from the videos on YouTube, Instagram, or Snapchat. 

"If it can be on YouTube, it can't be on Quibi," Katzenberg is known to say, sources close to the company told Business Insider.

Quibi confirmed in statements to Business Insider that Katzenberg believes content that can be on social media shouldn't be on Quibi.

But in trying to distance Quibi's subscription service from social media, the company also modeled what is meant to be a modern platform for the millennial generation after a rather traditional view of TV, some Quibi insiders said. Business Insider spoke with eight people who worked on or with Quibi content, including five who said the company took a traditional approach to programming.

Quibi's current lineup looks a lot like programming that can be found on network TV. What's different is that Quibi's shows — its daily news and lifestyle series, scripted and alternative shows, and "movies told in chapters" — are under 10 minutes long.

Quibi's dance competition series, "Floored," is basically a mashup between "So You Think You Can Dance" and "Wipeout," even if it is hosted by YouTube star Liza Koshy. Its latest news show, "60 in 6," is inspired by the classic CBS news program "60 Minutes." "Chrissy's Court" is a celebrity-infused take on a syndicated reality court show. And Quibi rebooted cable shows from the 2000s, including "Punk'd" and "Reno 911." 

To some content partners, it felt like a missed opportunity to rethink what shows and movies could look like on an exclusively mobile screen.

"By taking something traditional and shrinking down the time, it doesn't make it more innovative," one producer who worked on a Quibi show said. 

While some of the programming, like the Anna Kendrick-starring "Dummy" about a woman who befriends a sex doll certainly feel fresh, it's not hitting in a major way with Quibi's target audience of 25- to 35-year-olds.

It gets to the heart of the problem. Quibi doesn't need to reinvent the wheel when it comes to programming. But it does need shows that resonate with the millennial audience it chose to pursue, the same way Disney Plus enchanted kids and parents with "The Mandalorian"; Netflix made itself a home for hard-hitting dramas and unconventional comedies with "Orange Is the New Black" and "House of Cards"; and Hulu became known for more than next-day TV with the "The Handmaid's Tale."

"What's going to make any of these service is having shows that people start talking about," said Alan Wolk, cofounder and lead analyst at TVREV.

At launch, Quibi leaned more on Hollywood celebs like Teigen, Anna Kendrick, Reese Witherspoon, Kevin Hart, and Liam Hemsworth, than influencers who have been innovating on mobile platforms like YouTube and TikTok.

"The reason why we went with stars, and celebrities, and well-known talent is because it's brand new," Katzenberg said on Thursday, speaking at SeriesFest, an annual festival for episodic content that is being held virtually this year. "We needed to clearly define for the consumer, for people that would subscribe to this, why is it different? What differentiates it from what you would see on TikTok? ... not because there's anything wrong with TikTok, or Instagram, but ours is a subscription service, and we're asking you to pay."

Katzenberg said at the event that Quibi wants to work with online storytellers and young filmmakers to help broaden the audience for the platform.

The company is already working with a few digital stars. In addition to Koshy, "Kirby Jenner" is a reality show about an influencer who pretends to be the fraternal twin of Kendall Jenner. And the gaming organization FaZe Clan is headlining an upcoming competition series.

Quibi, which launched in April, has about 75 shows out, Katzenberg said at SeriesFest. The company is preparing its next slate, which begins rolling out in July.

It'll be a second chance for Quibi to win over audiences.

"The first wave of content didn't connect," said Stephen Beck, the founder and managing partner of the consulting firm cg42. "The stakes get higher every day for them to get something that breaks through and captures the attention of just a subset to be able to drive traction."

Read Business Insider's full story on Jeffrey Katzenberg's leadership at Quibi:

15 Quibi insiders detail Jeffrey Katzenberg's tight control of the startup's content and intense leadership as he tries to avoid disaster after raising $1.8 billion

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NOW WATCH: Why thoroughbred horse semen is the world's most expensive liquid


Amazon's list of best-selling items now includes face masks

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Amazon Best Sellers - Face Masks

  • Amazon's best-sellers list now includes face masks and other personal protective equipment.
  • Face masks became a staple purchase during the pandemic and are recommended to be worn in public by the CDC.
  • Amazon's best-selling face masks range from reusable cotton masks to disposable surgical masks. 
  • Visit Business Insider's homepage for more stories.

Amazon added a new list of best-sellers for one of the most popular commodities these days — face masks — NJ.com reported this week.

The best-sellers list ranks products against other similar products on the site based on the their sales and promotions.

Now that face masks have become a staple feature of daily public life and a crucial item to buy, especially as shopping moved primarily online during the pandemic, Amazon decided to create a best-sellers list for face masks.

The list includes a variety of masks, from washable cotton ones to disposable multi-packs. 

Here were some of Thursday's top sellers, for example:

  1. Tart Collections Fabric Face Mask ($9.99)
  2. Disposable Face Masks, 50 Count ($3.97)
  3. Levi's Re-Usable Reversible Face Mask, Pack of three ($15.00)
  4. Universal Cloth Face Masks, Four-Pack ($17.99)
  5. Fashion Mouth Protection, Three Pack ($15.69)

The market for face masks on Amazon has come a long way during the course of the pandemic. At the start, Amazon struggled with third-party sellers' price gouging during a shortage of face masks. But now the company has a better handle on the situation with the creation of the best-sellers safety mask list.

The Center for Disease Control advises people in public to wear masks, including at the grocery store, to prevent the spread of the coronavirus — although this wasn't initially the case. At the start of the pandemic, government officials did not instruct the public to wear masks, which Dr. Anthony Fauci said was because of the anticipated shortage.

Amazon's addition of face masks to the best-seller list is a part of an entire section of personal protective equipment on the site.

SEE ALSO: 14 photos from the reopening of the largest mall in the US, The Mall of America

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NOW WATCH: Why thoroughbred horse semen is the world's most expensive liquid

Tesla reveals potential Austin Gigafactory location for the first time (TSLA)

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Elon Musk at Texas Transportation conference 2015

  • Tesla has decided on a potential location for its newest US factory if it ends up choosing Austin, but the company has yet to officially make the purchase. 
  • Texas and Oklahoma were widely reported to be the final contenders for Elon Musk's newest factory after the billionaire sparred with California in May. 
  • The location, near Austin's airport, is currently a concrete plant. 
  • Visit Business Insider's homepage for more stories.

Tesla still hasn't officially confirmed the location of its forthcoming US Gigafactory, but the options are continuing to narrow.

The Texas' comptrollers' office on Thursday made public the company's land use application for a parcel of land near Austin, Texas. The city has been a contender for months against Tulsa, about 450 miles north.

That land currently houses a concrete plant, and is located near major highways and Austin's airport. Construction on the 4 to 5 million square foot plant could commence as soon as October, Tesla said in the documents.

Tesla Austin gigafactory map

"Tesla has an option to purchase this land, but has not exercised it," Musk confirmed on Twitter.

Tesla's local attorney called the possible deal a potential game changer.

"In the event we are fortunate to have them locate the factory here, it'll be a game-changer for coming out of the economic situation we're in right now," Richard Suttle Jr told the Austin American Statesman. "The jobs that will be available to all segments of our community will help us through the recovery and keep Austin's economy strong. If they come here, it will create thousands of entry level jobs that do not require a college education. That's what our economy needs."

According to the paper, the package agreed upon by the local school district could save Tesla up to $68 million over a decade. The forthcoming factory will be Tesla's second in the US to produce cars, as well as possibly its eventual Cybertruck or electric semi-truck.

Tulsa has taken the more performative approach to courting Musk. The city repainted its 75-foot Golden Driller statue to look like the billionaire, and its mayor tweeted a rendering of a potential police Cybertruck saying it only makes sense to buy local. 

"While I cannot comment on potential projects, it is clear that Tesla and Tulsa were forged in the same spirit," mayor G.T. Bynum said in May. "Both founded by pioneers who dreamt big and made it happen. Both trying to change the world with a new kind of energy. Both investing big in what matters most: people. Tulsa is a city that doesn't stifle entrepreneurs — we revere them. And as Tesla continues to rapidly change transportation all around the world, I can't imagine a better place for them to further that important work than Green Country."

Tesla, however, has a record of preferring fiscal incentives.

In 2014, the company received more than $1 billion from the state of Nevada to construct its battery factory near Reno. Still, Tesla has a complicated relationship with Texas. While the company does have showrooms in the state, it's technically forbidden from selling its cars in person there because it does not use a traditional dealership model. Instead, would-be Texan customers have to purchase the car "out of state" online and have it shipped to them.

Drama with California during the coronavirus could outweigh any beef with Texas, though.

"Tesla will now move its HQ and future programs to Texas/Nevada immediately," Musk tweeted during California's shelter-in-place orders that forced it to shutter operations. "If we even retain Fremont manufacturing activity at all, it will be dependent on how Tesla is treated in the future. Tesla is the last carmaker left in CA."

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NOW WATCH: Tax Day is now July 15 — this is what it's like to do your own taxes for the very first time

If you want to learn to play guitar during the pandemic, Yamaha has 2 acoustics that are well worth checking out

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Yamaha Acoustics FGX3 Storia


Baking, cooking, board games, puzzles — quarantined and locked-down folks have dealt with the coronavirus in a variety of ways, reviving old pastimes and exploring new ones.

Being stuck at home isn't necessarily fun, but it does present a classic scenario for learning to play a musical instrument. And perhaps the most popular, historically, is the acoustic guitar. You can do it all by yourself, there are superb online resources — Fender Play is one of the best — and the acoustic guitar can be played quietly enough to avoid annoying family members and roommates.

Of course, if you're gonna learn, you need a guitar. And when it comes to starting out, few manufacturers have a better reputation for "starter" acoustics than Yamaha. The company's FG300, at $200, has long been considered the best beginner dreadnought-size guitar on the market, and it was recently updated with the same-price FG800. For an acoustic with a solid-wood top, it's impossible to find a more appealing deal.

But the company makes many other instruments, and they let me borrow two of them to review: the all-new Storia I, a $700 "concert" size model; and the $1,600 FGX3, a jumbo/dreadnought that evokes Yamaha's legendary "red label" acoustics of the 1960s and '70s.

Here's what I thought of the these guitars:

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I'm a Yamaha fan. My main guitar is a 1970s-era FG-170, a Taiwan-made acoustic.



The Yamaha Storia and my guitar are both smaller than the dreadnoughts that dominate the entry-level market. They're what are called "orchestra" or "concert" size, with more rounded shapes and shorter scale lengths.

While my old Yamaha is made of plywood, the "Storia I has a solid Sitka spruce top with an off-white semi-gloss finish and ivory body binding," Yamaha says. "The mahogany back and sides have a natural finish, the inside is light blue and the rosette is inlaid with ivory and mahogany."

The model also has champagne tuners, which might not be for everybody.

Smaller guitars are great for starting out because they aren't as boomy as dreads — making for more subdued practice sessions — are more comfortable to sit with, play with a strap, and can help musicians to blend strumming, flatpicking, and finger-style.

Personally, I think they're the most versatile instruments around. 



The specs really are quite similar, but my antique has a rosewood fretboard and a different headstock design.



The Storia lineup offers three finishes. My Storia I was "off white" with a light-blue interior. The idea here is that the guitar blends in with your decor. If that sounds odd — well, you're more likely to play if the instrument isn't living in its case!

It's true that $700 is more in line with what you might pay for an intermediate acoustic-electric, and at that price point, the Storia has a lot of competition. Heck, Gibson just rolled out a basic version of its new G-45 guitar for about $1,000. For $700, you can get nice made-in-Mexico Martin, a nice made-in-Mexico Taylor, or a nice made-in-China Epiphone. 

Where the Storia really shines is in build quality and playability. I really took to it. It's a good choice for a customer who desires a very dependable instrument that's well-designed and that won't get in the way of learning — and doesn't want to fuss over the offerings from the bigger names. 



The Storia I is a step above beginner-grade, but it has so much going for it that it defies its own marketing.

A lot of the guitar world would be skeptical of an instrument that's designed to match the room it lives in. And that would be justified skepticism if the Storia weren't such as fine guitar to actually play. 

The "orchestra" or "concert" size is just about the perfect option for couch-playing. The reason my FG-170 is my No. 1 is that I play it constantly. It's also significantly more comfortable to strap on than a dread, and if I need to amplify it, I simply pop in a soundhole pickup and I'm good to go.

But it's old, so it has quirks. The Storia I, meanwhile, has no quirks. It's extremely easy to play, sounds fine unplugged, and offers some versatility with its simple, passive onboard pickup. (You have to adjust volume and tone with the amplifier or whatever interface you're laying through.)

And by "extremely easy to play," I mean stupid-easy. I've handled acoustics in the multiple thousands of dollars that weren't as slick. 



On to the FGX3. This guitar is professional-grade. By reckoning, it's ever-so-slightly larger than the Martin dreadnoughts the old Red Labels were based on, placing it between a dread and a jumbo. Yamaha calls it an "FG" body.



The FGX3 is fantastically well made and almost completely devoid of bling. I searched and searched for a flaw. I found ... none.

The top is Sitka spruce, and the back and sides are mahogany — a completely classic combination. The fretboard and the bridge are ebony. Yamaha has subjected the top to what it terms "Acoustic Resonance Enhancement," effectively baking the wood so that it dries out and can produce a sound that's as rich as an older guitar. 

The main differences on paper between the $1,585 FGX3 and the$2,320 FGX5 is that the less-expensive axe is made in China and lacks a bone nut and saddle, as well as ebony bridge pins. 

The aesthetic is pleasingly simple, with the natural satin finish, black pickguard, and modest dot inlays on the fretboard. For me, the FGX3 felt a bit large when I strapped it on, and it isn't a very lightly built guitar, but that suggests it could stand up to punishment, and important consideration for working musicians.

My test guitar came with Elixir Nanoweb Light Gauge 80/20 strings, which I thought were a touch too bright, but that's because I always use phosphor-bronze. I also don't care for the main selling point of Elixir Nanowebs, which is durability (they're also a coated string and theoretically easier to play, but I haven't found that to make a huge difference). I'd immediately put different string of this guitar, if I ended up buying it.

 



The headstock carries the Yamaha logo, and the truss-rod cover gets a "Since 1966" shout-out to the original Red Label, made-in-Japan guitars.

The old Red Labels have a following. The late Elliot Smith, for example, was a devoted Red-Label player.



The tuners are open-back, vintage-style, but they're quite effective.



Apart from the single black stripe, the back of the FGX3 is all about that gorgeous mahogany grain.



Atmosfeel electronics are what give the FGX3 its "X" — a straight-up, FG3 version without a pickup and preamp is also available, at a lower price.

The Atmosfeel system is excellent. It's not the best I've ever used, but it's no slouch and won't make any trouble for gigging artists who are looking for a good, amplified acoustic tone. 

The setup is ... thorough. There's an undersaddle piezo pickup, a mic, and a sensor — and you have controls mounted on the guitar's side to tweak each of those. The result is an amplified sounds that's pretty sweet, but that can but adjusted depending on preference.



The FGX3 is a stunner. It even comes with a hard-sided gig bag that's probably more useful than a heavy case.

The FGX3 is the best-sounding, best-playing, made-in-China acoustic I've ever laid my hands on. Admittedly, it isn't exactly cheap. But it's much more affordable than its made-in-Japan counterpart, the $2,300 FGX5.

The build-quality on the FGX5 is spectacular. The instrument is effectively flawless, and believe me, with its Red Label roots and design debt to the Martin D-18 — a study in less-is-more perfection — any flaws would stand out. 

A lot of players don't think that Yamahas really stand out, relative to the competition: Martin, Gibson, Taylor, and to a lesser degree, Epiphone. That's somewhat true; Yamahas kind of do it all well, rather than doing one or two things in stunning fashion. Yamahas lack the rustic thumb of, say, a Gibson J-45, and the can't match the stirring bass and sweet resonance of a Martin D-18 or D-28. They lack the majestic, piano-like dynamics that Taylor fans adore. 

But there's one place where Yamahas absolutely shine, and that's when they're recorded. They occupy the midrange in a way that's endlessly appealing, whereas Martins can take everything over and cause trouble in the bass register, while Gibsons either get lost or sound sort of dry and retiring. Taylors have so much going on that the player has to take it easy, lest the recording become drowned in dynamics.

That's why so many recording studios have a workhorse Yamaha on hand. And a lot of times, it might be a Red-Label vintage model. 

For less than $1,500, the FGX3 gives you a spruce-top/mahogany-back-and-sides acoustic with stellar electronics that feels as though it's built like a tank, likes to stay in tune, and can handle everything from pretty delicate fingerstyle playing to heavy strumming with a pick. It's as worthy a successor to the Red Labels as can be had, and like its celebrated predecessors, the FGX3 is an acoustic guitar that you can live with, and perform with, for a long time.

 



Legendary venture capitalist Marc Andreessen schedules every part of his day, including when he sleeps, to avoid becoming a burned-out micromanager

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Marc Andreessen

"Software is eating the world,'' was the famous quote of noted entrepreneur Marc Andreessen; but software was also eating up his days in his earlier career as a startup founder and tech investor. Now he's learning to wrestle those days back into a sustainable lifestyle under his control.

The legendary venture capitalist and Netscape founder used to leave his days wide open and work on whatever needed his attention most while he was building his company and later his venture firm Andreessen Horowitz. But in a conversation with angel investor Sriram Krishnan for Krishnan's newsletter The Observer on June 13, Andreessen said that he quickly burned out and had to adjust his approach to work.

"The big thing is I've basically done a complete 180 degrees off of the model that I had from 13-14 years ago," Andreessen told Krishnan.

That model propelled one of Silicon Valley's preeminent thinkers, founders, and investors. Arguably few others have had as much influence on Silicon Valley and the technology industry writ large as Andreessen. But in the end, he had to create a regimented agenda for his daily tasks and projects to maintain a semblance of work-life balance.

"When I was younger, I didn't really have the concept of turning off," Andreessen said. "But there comes a time, a little bit with age, when your body rebels. And obviously, if you have a family, that's not great with a system where you're just always working."

Now Andreessen's program looks more along the lines of what outsiders might expect. He said he lives Monday through Friday on a highly regimented, impeccably documented schedule on his calendar. He intentionally schedules time for sleep, workouts, and even free time between meetings to ensure he isn't sitting in meetings all day long.

"Free time is critical because that's the release valve," Andreessen said. "You can work full tilt for a long time as long as you know you have actual time for yourself coming up. I find if you don't schedule enough free time, you get resentful of your own calendar."

Although Andreessen schedules his time relentlessly and sticks to it, he said he finds building in that free time provides a buffer that can allow him to deal with crises and think critically about big issues facing his portfolio companies or his firm. Executives who are similarly scheduled, but with back-to-back meetings instead, tend to lack that flexibility and can easily slip into bad habits, he said.

"Then the other thing you've probably seen is the managers who are regimented to that degree end up being micro managers," Andreessen said. "The extreme form - and I've worked with a couple of people like this - end up having a long line outside their office. The lines will stretch waaaay down the hallway with people waiting to get in and see them. It's demoralizing to work in an organization like that because basically, whatever that is, it's the opposite of delegation."

As a cofounder of a reasonably sized venture firm, Andreessen doesn't have to oversee large teams or worry about many other schedules outside his own. That helps him delegate when needed, but his task list is manageable enough that he and his assistant, Arsho Avetian, are able to handle most of it through a text-based check-in system, he said.

He adheres to a project management strategy pioneered at Apple that relies on a designated "directly responsible individual," or DRI. That individual is essentially the project manager, but the responsibilities could be narrower or wider in scope depending on the project at hand. If Andreessen is the DRI of any particular project, he said it goes on his calendar because "if it doesn't go on the calendar, it is not getting done." 

But if he's not the DRI, he adds it to a list of projects to track separately so he feels he is up to date on its progress. By checking and updating the text list weekly, he makes sure nothing falls through the cracks.

"As an example, you could have a company raising money or going through a big transaction," Andreessen said. "I don't want to hound the entrepreneur or the CEO every day necessarily but at least want to stay up-to-date on a frequent basis, right? I never want these things to just go dark where you're going 'Whatever happened to that?'"

SEE ALSO: This early-stage VC says startups should resist "toxic'' terms offered by venture investors, even if they have to give up a splashy high valuation in a funding deal

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Here's how an adorable and bizarre new game from a tiny indie studio stole the show at the big PlayStation 5 reveal (SNE)

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Bugsnax

  • Among the many games unveiled during the big PlayStation 5 reveal event, one particularly bizarre and adorable game stood out: a Pokémon-esque debut named "Bugsnax."
  • Between its infectious theme song, cute characters, and surreal setting, "Bugsnax" quickly became an internet darling – and the buzziest launch game coming to the PlayStation 5 this holiday.
  • Here's how a tiny indie studio from Chicago got its game into Sony's big PS5 reveal and managed to steal thunder away from blockbuster game announcements. 
  • Visit Business Insider's homepage for more stories.

When Sony finally revealed the PlayStation 5 last week, the Japanese consumer electronics giant showed much more than the console itself: A new "Spider-Man" game, the first look at this year's "NBA 2K" entry, and a mess of other new PS5 games were also unveiled.

But it was a game called "Bugsnax" that stole the show. It doesn't feature a superhero or a famous athlete, but instead, the debut trailer features a talking walrus with bizarre appendages, and a ridiculously catchy theme.

It's set on a "mysterious island" full of "half-bug, half-snack creatures called 'Bugsnax," and you play as "a journalist who's been invited there by an explorer named Elizabert Megafig," said Philip Tibitoski, the president and CEO of Young Horses, the small studio behind the game.

It is, in short, very silly – which is by design, of course. 

The game's premise had been silly from the very first pitch Young Horses made to Sony back in 2016. When the Chicago-based studio brought it to Sony reps at the time,"they said something along the lines of, 'Was there a gas leak in your office?'," Tibitoski said. "We are very willing to accept the absurd and run with it."

Sony, apparently, was as well.

Bugsnax

Young Horses — which has just eight full-time staffers, and relies on a cabal of collaborators for help with everything from artwork to music — had kept in touch with Sony in the years since the studio had launched its first game, "Octodad," on PlayStation 4 in 2014.

"Working with Sony on 'Octodad' was so easy, and such a welcoming experience for us. Being a small studio that had never released a commercial game before, and them treating us as well as they did, meant a lot to us," Tibitoski said. "And I think that's a big part of why we wanted to work with them again with 'Bugsnax.' We brought it to them."

Before it became "Bugsnax," though, Tibitoski said Young Horses continued to meet with Sony reps and offered updates throughout the game's development.

Octodad: Dadliest Catch screenshot

"They saw the game in 2016 or '17," Tibitoski said. "We were just like, 'Here's our janky prototype! Check out this weird thing we're doing!'"

That "janky prototype" is now "Bugsnax," a game Tibitoski said is both "a first-person adventure game" and "a pretty whimsical adventure," inspired by the likes of "Viva Pinata," "Pokemon Snap," "Ape Escape," and "Dark Cloud." 

"We just kept in contact, and sent them updated videos and builds and stuff like that to check out as time went on," he said. "And then they approached us and asked us if we would be interested in being part of the reveal event."

And so, among the marquee sequels and multi-million dollar, triple-A games announced alongside the new PlayStation 5 console's reveal was a bizarre-looking game about talking animals that eat half-bug, half-snack creatures and subsequently turn into them.

 

SEE ALSO: These are the 15 biggest games coming to the PlayStation 5, from a new 'Spider-Man' game to 'NBA 2K21'

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NOW WATCH: What makes 'Parasite' so shocking is the twist that happens in a 10-minute sequence

WeWork is grappling with a fresh setback after the pandemic emptied offices. Here's the latest on job cuts and executive departures.

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WeWork Layoffs

  • WeWork pulled its IPO in 2019 after mulling a massive valuation cut to drum up investor interest, and cofounder Adam Neumann was ousted as CEO and chairman.
  • Real-estate veteran Sandeep Mathrani started as CEO in February.
  • In April, investor SoftBank backed out of its plan to buy $3 billion worth of WeWork shares, including nearly $1 billion from Neumann.
  • WeWork's US head of real estate has departed. And IBM is leaving a big WeWork office it rents in New York City.
  • You can read our stories by subscribing to BI Prime.

Here's everything we know about what's going on inside WeWork:

Latest news

Fresh layoffs 

Coronavirus hits coworking

Have a WeWork tip? Contact reporter Meghan Morris via encrypted messaging app Signal at +1 (646) 768-1627 using a non-work phone, email at mmorris@businessinsider.com, or Twitter DM at @MeghanEMorris. (PR pitches by email only, please.) You can also contact Business Insider securely via SecureDrop.

Lawsuits and investigations

Executive changes under CEO Sandeep Mathrani

Plotting a path forward

SoftBank bailout

Fallout after the failed IPO

Neumann's exit

Tanking valuation 

Financials, business history, and real estate

Coworking rivals

Road to the failed IPO

Neumann's leadership

SoftBank's role

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NOW WATCH: We tested a machine that brews beer at the push of a button

30 Big Tech Predictions for 2020

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Digital transformation has just begun. 30BigTechPredictionsfor2020

Not a single industry is safe from the unstoppable wave of digitization that is sweeping through finance, retail, healthcare, and more.

In 2020, we expect to see even more transformative developments that will change our businesses, careers, and lives.

To help you stay ahead of the curve, Business Insider Intelligence has put together a list of 30 Big Tech Predictions for 2020 across Banking, Connectivity & Tech, Digital Media, Payments & Commerce, Fintech, and Digital Health.

This exclusive report can be yours for FREE today.

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An ex-minor baseball player is spinning off a new hedge fund from Leon Cooperman

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Welcome to Wall Street Insider, where we take you behind the scenes of the finance team's biggest scoops and deep dives from the past week. 

If you aren't yet a subscriber to Wall Street Insider, you can sign up here.

It was a busy week for hedge fund news, with the finance team landing scoops on an upcoming launch, a fund that's giving outside investors their money back, and one that's winding down entirely. 

A new hedge fund run by a one-time minor league baseball player is set to spin off from billionaire Leon Cooperman's Omega Advisors, Bradley Saacks reported. New launches have been few and far between during the global coronavirus pandemic, though, as meetings with potential investors turned into video calls and business travel was cancelled.

Bradley and Alex Morrell learned that billionaire Philippe Laffont's Coatue Management is returning all outside capital in its $350 million quant fund. The fund, started roughly a year ago, had pulled back its exposure from the markets significantly in March and April. Coatue will continue trading the strategy with internal money, though, and hopes to eventually reopen it to outside investors.

And Bradley, Dan DeFrancesco, and Meghan Morris reported that a $2.5 billion Tiger Cub emailed vendors on Tuesday evening to give notice that it has started winding down business operations and liquidating portfolios.

Read the full story here:

Valinor Management is closing — it's the first multi-billion-dollar hedge fund to wind down since the pandemic started

Keep reading to see the advice that value investors are giving each other after getting steamrolled by rising markets; a deep dive into the sports empire of Apollo Global Management cofounder Josh Harris; and a look at why live commerce could soon explode in the US. 

Have a great weekend, 

Meredith 


Advice for value-investing enthusiasts 

hedge fund trader

Value investors, who seemed poised to take control during the initial market crash from the pandemic, have since been steamrolled by rising markets. For value-seekers, it's been emblematic of a decade of futility. 

Rebecca Ungarino and Bradley Saacks attended a two-day virtual conference hosted by the New York chapter of the CFA Institute (the event is named after Ben Graham, the father of value investing.) Speakers flagged their picks in the quickly changing markets, and implored listeners to stick with the philosophy.

Read the full story here: 

'This is so hard!': Inside a 2-day virtual conference for value investors struggling to make sense of markets


Influencers and home shopping

Live commerce

Live-streamed commerce has taken off in China on platforms like Alibaba's Taobao Live and Douyin, China's version of TikTok. Influencers are driving sales of everything from cosmetics to tech products — think home shopping TV networks, but with check-outs embedded in the platforms and payment details stored there. 

"It's entertainment plus shopping," Connie Chan, general partner at Andreessen Horowitz, told Shannen Balogh. And it could soon arrive in the US.

Read the full story here: 

Social media influencers are driving billions in sales in China with live-streamed commerce. An a16z partner explains why the US could be next.


Apollo cofounder Josh Harris' sports empire 

josh harris and mets 4x3

The billionaire Josh Harris, who has cofounded a sports-investing business as well as one of the biggest alternative-investing firms, has been taking a look at buying the New York Mets.

Meghan Morris and Casey Sullivan talked to insiders to learn more about how Harris has been applying an aggressive style honed at Apollo Global Management to the sports world. 

Read the full story here: 

Billionaire investor Josh Harris is vying to add the New York Mets to his sports empire. Tycoons, colleagues, and an NBA star reveal his playbook.


WeWork competitor Knotel is stretched thin 

Amol Sarva Knotel

As Meghan Morris reports, Knotel's finances were in a tough position well before the pandemic hit, and now, the flexible-office company is stretched even thinner. Until recently, New York-based Knotel was one of the fastest-growing brands in the booming coworking and flex-space field, emerging as a chief competitor to WeWork. 

Read the full story here: 

Leaked Knotel financials reveal that the WeWork rival had huge pre-pandemic losses and now has more unpaid bills than cash. It's a grim sign for the flex-office space.


Inside Airbnb-backed Zeus Living 

Zeus Living Founders

Zeus Living, an Airbnb-backed startup that focuses on corporate housing, laid off almost two-thirds of its staff in three months and saw its valuation plunge. 

As Alex Nicoll reports, the startup is now planning to shift its business model after clients cancelled millions in contracts and occupancy dropped. 

Read the full story here: 

After 2 layoff rounds and chaotic landlord negotiations, Airbnb-backed Zeus Living wants to shift its business model. Here's how the corporate-housing startup is plotting a way forward.


On the move

Wells Fargo has tapped Barry Sommers, the former CEO of wealth management at JPMorgan, as its new wealth and investment management chief. The post had been vacant since February. Wells Fargo CEO Charlie Scharf, who had a nine-year stint JPMorgan and had been viewed as Jamie Dimon's protégé, brought in Sommers as the latest in a string of JPMorgan alums he's hired since joining Wells last year.


Deals

Hedge funds and investing

Fintech

Law

Real estate

Join the conversation about this story »

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Nextdoor removed its 'Forward to Police' app feature after racial profiling concerns

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  • Nextdoor, the local social networking platform announced it was ending a feature that allowed users to share their concerns directly with local law enforcement.
  • The site has faced years of criticism that its close relationships with local authorities that are accessible through the app amplified unfounded concerns and racial profiling by its users.
  • The announcement came after Nextdor's CEO said in a blog post that the platform "exists to foster" conversations that can connect neighbors and drive change in systemic racism "in a civil, productive way." 
  • Visit Business Insider's homepage for more stories.

Nextdoor, the online local networking platform for neighbors, announced it is ending its "Forward to Police" feature after it has long been criticized for facilitating racial profiling.

The feature was introduced in 2016 to allow users to directly share their posts with local police. It was one of several crime-monitoring tools on the site that have raised concerns about the ease with which users can trigger a police response based on unexamined suspicions as described by outlets like Bloomberg's CityLab and The Atlantic.

A statement posted on the company's site late Thursday said the decision came about "as part of our anti-racism work and our efforts to make Nextdoor a place where all neighbors feel welcome," and was ultimately cut because of its low engagement with users and law enforcement.

"After speaking with members and public agency partners, it is clear that the Forward to Police feature does not meet the needs of our members and only a small percentage of law enforcement agencies chose to use the tool," the company's post read.

Bloomberg's CityLab reported that the company is keeping other features that facilitate communication with law enforcement, including one that allows direct messages. The features are a small look at the site's extensive relationship with law enforcement agencies continues that has raised concerns with privacy experts.

In recent years, the platform has attempted to confront racially charged interactions from users, even using data-centric approaches and artificial intelligence to cut down on insensitive or profiling posts, but critical reports have persisted as the neighborhood forum has faced the questions of moderation and monitoring common to social networking.

The site, which was founded in 2011, not only connects neighbors but also provides a reliable link for local government, police, and fire departments to keep their ears to the ground in communities, cofounder Prakash Janakiraman previously told Business Insider.

As coronavirus spread across the US and more Americans found themselves stuck at home, the site's "engagement picked up at the end of February and then skyrocketed from March," Janakiraman told Business Insider, and "usage is up 80% in most neighborhoods."

Despite the climbing popularity, the most recent challenge for the platform came in the wake of protests across the US over racism and police brutality, when reports floated that community moderators were removing posts from local boards that mentioned Black Lives Matter despite the company's official statement of support for the movement.

Nextdoor's CEO Sarah Friar said in a June 11 blog post that "systemic racism in our nation will not be solved overnight," but the company was addressing racism in its corporate culture and on its site by emphasizing diversity in hiring, strengthening community moderation, and drawing "a firm line against racist behavior" on its forums.

Join the conversation about this story »

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Former Pinterest employees describe a traumatic workplace where managers humiliate employees until they cry, Black people feel alienated, and the toxic culture 'eats away at your soul' (PINS)

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Ben Silbermann

    • Business Insider spoke with 11 former Pinterest employees who said that despite the company's upbeat product, it was a toxic and difficult place to work.
    • Multiple Black people who had worked on Pinterest's ad sales team say they were fired or "pushed out" of the company with no real explanation.
    • Other employees say they were publicly yelled at by managers or dealt with such severe "head games" from managers that they grew stressed and were later hospitalized. 
    • Some employees described CEO Ben Silbermann as a kind person focused on the product and who either didn't know or didn't care how workers were treated.
    • Silbermann has this week acknowledged that parts of Pinterest's "culture is broken" and says he's "embarrassed" that he didn't understand the "depth of the hardship and hurt" experienced by employees.
    • He has vowed to add more people of color to senior leadership and hire an outside investigator to look into pay and other complaints.
    • Visit Business Insider's homepage for more stories.

Ifeoma Ozoma, Pinterest's public policy & social impact manager, was sitting in the front row for a women's group meeting in the Spring of 2019 when she nearly fell out of her chair. She was watching her boss, a 30-something male, lecture the women about how to negotiate for pay raises.

His underlying message: Adjust your expectations.

It wasn't just the message, or the fact that two of the three people on the panel offering career guidance for women at Pinterest were men, that was infuriating. Ozoma had been lobbying unsuccessfully to have her pay leveled-up to what she said others with her experience and responsibilities were earning, and her manager, who she said had stonewalled those efforts — and who several other sources identified as Charlie Hale — was staring directly at her as he spoke.

He "took the opportunity on the panel, with me sitting in the front row, to then gaslight me by saying things to the entire room full of women like, 'You should only ask for what you deserve,'" Ozoma remembered.

Last week, Ozoma and Aerica Shimizu Banks, two Black women on Hale's team, publicly quit Pinterest and denounced what they described as a toxic company culture. Despite having hired a lawyer to help them advocate for pay adjustments, Ozoma and Banks did not get the advancement they sought and instead left the company. But what drove them away, they say, was much more than pay. 

When a Pinterest employee shared Ozoma's personal information with an internet hate group, she said she received rape and death threats; Banks was demoted and interrogated by the company's private investigator after she lobbied for giving contractors holiday pay, she said. (Her proposal had embarrassed a top executive, sources said).

Business Insider has since spoken to nine other former Pinterest employees in addition to Ozoma and Banks, eight of whom left the company between 2019 and May 2020. Some shared email documents and other evidence to verify their version of events. These employees worked primarily in the New York office; some were based in the San Francisco headquarters or Europe. Although Business Insider knows the identities of the employees, we are honoring their requests for anonymity because they have not been authorized by the company to speak about their experiences.

Many of these former "Pinployees," as Pinterest employees call themselves, described a dog-eat-dog culture that they believe goes well beyond the "brilliant jerk" standard that's accepted at many Silicon Valley companies.

The experience felt particularly devastating to many employees Business Insider spoke to, they say, because they felt duped. Pinterest's visual social media service is a friendly place where nearly 400 million monthly users swap ideas on fashion, food, crafts and design with little of the vitriol found on other social networks. The company's motto is "the last positive corner on the internet," and recruiters sell Pinterest to prospective employees as a nice company, with down-to-earth founders whose mission is to help everyone "create a life they love" — the opposite of working at an Amazon or Uber, with their notorious cut-throat reputations.

"I've worked in tech my whole career, at Google, Facebook, Pinterest and it's a pattern at all of them. But Pinterest is particularly bad," said one former sales employee who left the company in 2016, but remains in a social network group with Pinployees. This woman was so "traumatized" by her manager's constant criticism of her work, that she said she spent years in therapy. She noted that a number of people who had a reputation for being difficult managers from her time there are still a part of CEO Ben Silbermann's inner circle, including, she said, Hale. Hale declined comment for this story. 

Many of these employees paint a picture of a toxic, chaotic culture where, they say:

  • People, especially Black employees, were suddenly fired or "pushed out" after meeting and exceeding their performance goals.
  • A "macho" culture, where employees could be yelled at, publicly humiliated or reduced to tears at work. 
  • Poor management skills created a culture of firing that left everyone fighting for recognition. Internal teams felt pitted against each other, taking credit for each others' work.
  • Multiple people said they suffered stress-induced conditions. Some said they required medical treatment ranging from "stroke level" high blood pressure to clinical depression and PTSD.
  • Many women believed they were underpaid compared to what male coworkers were earning.
  • When complaints were made to human resources, HR routinely sided with managers, multiple people said. Those employees then often received negative reviews, despite meeting performance goals, while managers were promoted, they said.
  • CEO Ben Silbermann, who was universally described as nice, quiet, introverted and pleasant, was seen as someone who wasn't interested in how business managers around him behaved, as he focused on the Pinterest user experience.

Pinterest declined to comment, pointing us to an email Silbermann sent last week where he admitted problems with the culture and vowed to make changes.

pinterest hq 3

Stress and tears

In a letter to staff last week, Silbermann said "parts of our culture is broken," and described the stories of Black employees who feel like they don't belong at Pinterest or are scared to bring their concerns to HR as "devastating."

"I'm embarrassed to say that I didn't understand the depth of the hardship and hurt many of our team members have experienced. I need to do better. My leaders need to do better," Silberman said, according to the email which was published by Bloomberg news. 

In an all-hands meeting on Wednesday, after Business Insider published the story of how Ozoma and Banks were demoted, denied promotions and fielded death threats, Silbermann asked anyone who felt they had experienced mistreatment to email him directly.

Nearly every former Pinner that Business Insider spoke with said they reported concerns about their managers or company culture to the human resources team, sometimes multiple times. Many of them believed their managers had been the subject of complaints from others, too.

But they felt as if their complaints "went into the garbage," as one described it. Sometimes, employees who reached out to follow up on a previous report or file a new one, were assigned a new HR representative who had no knowledge of their previous complaints, they said.

Take, for example, the experience of one former employee from Pinterest's San Francisco office. The woman described  being "tormented" by her manager for a year with "head games," which she reported to HR.

The manager, she said, constantly pried into her dating life, repeatedly inquiring if she'd date people from work and asked to drive her home. She also said he demanded explanations when she had meetings with coworkers, or even drinks with them after work. She recalled him joking about his sexual organs to her and another female coworker.

When she began to bristle, he grew contentious, she said, stripping her of projects, refusing to answer emails, and berating her in front of others. She said she went to his manager in a confidential conversation trying to get help, only to have that manager go straight to him and tell him of her complaint, which caused him to scream at her for "making him look bad."

Fearing retaliation at her review, the woman said she asked HR to sit in on it. During the meeting, while the HR representative watched over a video conference screen, the manager leaned aggressively towards her over the conference room table and screamed, "After everything I did for you?"

HR did not allow his negative review of her to stand after several of her peers praised her performance, she said. But then the HR person who had defended her left the company. And in the end, the manager was not fired, disciplined, given management training, or even sexual harassment training, the woman said. He was promoted.

"When I resigned, I emailed my boss and HR. I started seeing a therapist and I said, 'I've been diagnosed with severe depression and PTSD.'  And HR never messaged me back," she said. 

One white woman from the ads operations team who left last year said she witnessed multiple managers across the company who treated people "very poorly, disrespectfully, yelling and screaming to the point they would cry. Some people were able to take it. But you shouldn't have to. It's emotional abuse from managers."

Another woman, who also said she was frequently criticized by her manager in front of the team, said she refused to cry in front of her boss. During her time at Pinterest, she saw her blood pressure rise to "near-stroke levels" and was briefly hospitalized.

FILE - In this Thursday, April 18, 2019, file photo, Pinterest co-founder and chief product officer Evan Sharp, left, and fellow co-founder & CEO Ben Silbermann, right, watch as company communications manager Enid Hwang rings a ceremonial bell when their IPO begins trading on the New York Stock Exchange floor. Pinterest, fresh off its initial public offering, is reporting a smaller loss in the first quarter, boosted by higher revenue, but its outlook was below expectations and shares slumped in after-hours trading. (AP Photo/Richard Drew, File)

Some Black Pinterest employees felt humiliated or got unexpectedly fired

Several Black former employees said public humiliation was a regular part of the job. Multiple people described Pinterest as a "revolving door" for people of color, especially in the sales organization. 

Of the former employees Business Insider spoke to, eight of them are Black. They worked in a variety of jobs including sales, policy/legal, and administration. All but one left Pinterest within two years. 

While these former employees also saw white male and female employees cry, get fired or transferred to new teams on a whim, and be the targets of poor performance reviews, most of the Black employees said they nevertheless felt singled out. 

For one Black woman who spent over a year working at the company, the job fell apart on her first day. That's when she learned that the executives she was hired to support, and had interviewed with, had already been fired.

This new recruit had been poached from an executive assistant position at another social network with the promise of expanded, project manager responsibilities at Pinterest. She had been so enticed to advance her career that she took a $10,000 pay cut. 

Soon after she started, she was assigned to work with a white woman manager who replaced one of the fired ones. The woman manager, she said, immediately began demanding personal chores like making doctors' appointments and paying parking tickets. She failed to invite the employee to offsites and failed to call on her during team meetings, the employee recalled. When the manager contracted a urinary tract infection, the assistant said she was publicly laid into, and blamed for not scheduling bathroom breaks into her boss' calendar.

Other former Black employees said they enjoyed the work and were succeeding at it, but eventually felt singled out by their managers. Several described receiving poor reviews, demotions, being the subject of public humiliation, getting fired or feeling like they had to leave.

"You come in and are happy. But the toxic culture eats away at your soul," said one former Black salesman who claimed he was "pushed out" in late 2019 after bringing in millions of dollars in sales from a high profile client. He said his account was reassigned to a white man, while he got cut from meetings and received a bad review.

Another Black salesman, who worked for a different manager in a different location, shared a similar experience. Despite having higher quotas to hit than the rest of his team, he said he worked hard to hit or exceed his sales goals. He got feedback he was doing a great job.

One day, the man said his unit manager called him into the office and fired him. He went to HR twice, but said he never received a reason for the firing.

"I am not someone who will ever play the race card. However, as a young Black male, I thought it would be a good idea to do my due diligence, so I spoke to a lawyer," he said. The lawyer was shocked at his treatment, although he has not yet decided if he's going to pursue a legal claim. "I thought it was discrimination and I still stand by that."

ben silbermann evan sharp

Some women also felt they were targets

For another Black salesperson who exceeded her sales goals, the situation involved working for a younger, inexperienced white female manager. The experienced sales person had been a manager at another large tech company before Pinterest hired her.

The young manager had received little formal management training from Pinterest — a criticism expressed repeatedly by sources. The young manager's style, this person said, was to send a constant stream of criticism and demands to her staff, often shouting in public. 

"People were crying every single day," the ex-employee remembers. 

The ex-employee felt particularly singled out to the point where she said coworkers noticed it too. The manager insisted she talk to her about her home life, but then also accused her of taking more time off than other workers because she was a mother, she said. The former employee also said the manager frequently criticized the woman's performance in front of the whole team.

The employee said she spoke to HR multiple times about her manager, suggesting the company invest in some training. Instead, she said HR backed the manager and suggested she try to handle the situation herself.

A bad review followed despite her achieving her sales goals, the woman said. She said she agreed to be put on a performance plan and was fired four weeks after it concluded.

Some women who worked for Pinterest and spoke to Business Insider felt they were fairly paid. Others, such as Ozoma and Banks, said that they were not paid fairly compared to male colleagues.

One person familiar with management's thinking, pushed back on Ozoma and Banks' claims. They said the two women were already well paid and had received multiple raises, although not the precise promotion or pay they sought. This person believed Banks and Ozoma didn't have the necessary years of experience to be granted the more senior level ranking they asked for.

"This is a story of mismanaged expectations wrongly folded into [African American's] collective story of oppression," this person said.

Business Insider has seen documents with the job descriptions for each level of seniority and those descriptions contained mostly subjective language, but no years of experience. Such subjective language, the women say, could be used to either justify or deny the promotions they sought, especially when compared to how Hale described Ozoma's role to her in writing, according to the email seen by Business Insider. 

Pinterest says it treated the employees fairly. A spokesperson says:

"We took these issues seriously and conducted a thorough investigation when they were raised, and we're confident both employees were treated fairly. We want each and every one of our employees at Pinterest to feel welcomed, valued, and respected. As we outlined in our statement on June 2nd, we're committed to advancing our work in inclusion and diversity by taking action at our company and on our platform. In areas where we, as a company, fall short, we must and will do better."

pinterest hq

Where's Ben Silbermann?

The most puzzling thing about the numerous reports of Pinterest's dysfunctional culture is how incongruously it aligns with Ben Silbermann, the 37-year-old billionaire CEO who came up with the idea for Pinterest based on his childhood hobby making cardboard dioramas of his stamp and insect collections.

The people Business Insider spoke with universally described Silbermann as kind and quiet, if somewhat aloof from the company's day-to-day operations. They are baffled as to how he can be so nice, as is cofounder Evan Sharp, when his company is so cut-throat. 

Many believe the answer is that Silbermann hasn't been paying attention, particularly to the ad-side of his company. When Pinterest needed to start making money, Silbermann left it to executives cut from a very different cloth than him, some said. This is common for product-focused founders, who care more about what they're building than how to turn it into a business.

With such managers put in place, and Pinterest's love of poaching from Google, Facebook, Twitter, Microsoft, and investment banks, employees say a "brilliant jerk" arrogance permeated parts of the organization. 

"A culture of a company gets set early. If you don't deal with that culture, it becomes something you don't plan. That's what happened to Ben," said one early employee who left in 2016.

Because the company lacks enough good managers, it is chaotic and not well-run, all of these ex-employees said, a sentiment that was echoed by 20 former employees and contractors who talked CNBC about the culture in 2019. Those employees claimed the company weaponized its image of being "nice" into a passive aggressive culture where speaking up was frowned upon and people who criticized certain managers wound up fired.

"It boils down to that management are a bunch of kids that never managed people before," said the former employee who was hospitalized for high blood pressure. "They might have read one book on how to run a team and if you don't fall into that model, they tell you, 'You suck.'"

"It's a culture of unnecessary competition. Teams that should be working together are trying to take credit for things, to look like the better team," said one woman from the ads operations team who left last year.

Silbermann says he's awake to the problems now. In the email to staff last week, he laid out plans to hire a non-white board member, to recruit more people of color to senior roles and to make diversity hiring a part of performance reviews for managers. He also said the company planned to hire outside experts to review pay and "other internal processes."

Many former employees are taking a wait-and-see attitude, but hope this is the long-overdue change that will bring the company closer to the image it portrays.

As a former Black salesperson said: "We describe Pinterest as 'the last positive place on the internet.' It's not like that for employees. I think there are great perks. You are provided with lunch, and all that. But I'm confident people would give some of that up to have a bit more family time and to feel valued."

Are you a Pinterest insider with insight to share? Contact Julie Bort via email at jbort@businessinsider.com or on encrypted chat app Signal at (970) 430-6112 (no PR inquiries, please). Open DMs on Twitter @Julie188. 

SEE ALSO: 

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NOW WATCH: How waste is dealt with on the world's largest cruise ship

AI 101: How learning computers are becoming smarter

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artificial intelligence social network eter9

Many companies use the term artificial intelligence, or AI, as a way to generate excitement for their products and to present themselves as on the cutting edge of tech development.

But what exactly is artificial intelligence? What does it involve? And how will it help the development of future generations?

Find out the answers to these questions and more in AI 101, a brand new FREE report fromBusiness Insider Intelligence, Business Insider's premium research service, that describes how AI works and looks at its present and potential future applications.

To get your copy of the FREE slide deck, simply click here.

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After years of struggling to improve company diversity, Google is vowing to make bigger strides in racial equity and inclusion. But one promise feels very unambitious. (GOOG)

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google ceo sundar pichai

  • This week, Google announced several changes to improve racial equity and inclusion within the company.
  • The list of commitments published by CEO Sundar Pichai included several promising concrete improvements.
  • One of those promises was to increase underrepresented groups at a leadership level by 30% by 2025.
  • But while it sounds like a big jump, the number of underrepresented groups in Google leadership is very low. A 30% increase in Black leaders would bring the total to just 3.4% by 2025.
  • Do you work at Google? You can contact this reporter securely using encrypted messaging app Signal (+1 628-228-1836) or encrypted email (hslangley@protonmail.com).
  • Visit Business Insider's homepage for more stories.

Google, like the rest of Silicon Valley, is currently reckoning with the little progress it has made over the years to improve diversity and inclusion within the company.

Year after year, Google's diversity reports have shown very little improvement to the number of people from underrepresented groups it hires and retains. And year after year, the company has promised to do better.

According to the company's latest diversity report, Black employees comprise just 3.7% of Google's workforce, up from 3.3% the year before.

Now, the company is making some concrete promises to change things. In a memo from CEO Sundar Pichai published this week, Google set out a series of commitments to improve its efforts in racial equity.

The changes include doing away with the company's peer-based badge checking, new anti-racism programs for employees, and pledging $175 million to support Black businesses.

Google also promised to increase underrepresented leadership by 30% by 2025. "Our goal is a 30% increase in the proportion of Black+, Hispanic/Latinx+ and Native American+ leaders we have in the U.S. and technical women leaders globally," a spokesperson told Business Insider.

That 30% might sound like a big jump, but the math makes it unambitious. 

According to its 2020 diversity report, just 2.6% of Google's leadership is Black, 3.7% is Latinx, and 0.5% is Native American.

A 30% increase would boost that total of underrepresented groups from 6.8% to 8.8%. Or, if you take just the Black employees in leadership roles, it would boost the number of Black leaders from 2.6% to 3.4% by 2025. While each percentage point represents thousands of jobs, according to Google, that's still not a big improvement overall.

As Daniel Zhao, a data scientist at Glassdoor pointed out in a tweet, Google would need to increase the number of Black employees in leadership roles by more than 400% to reach parity with Black population of the US, estimated to be 13.4% by the most recent census data.

Pichai said Google will work to boost its leadership diversity by advertising senior leadership roles both externally and internally, and increase investment in Google officers outside of Mountain View such as London, Washington DC, and Atlanta.

Many of the other changes Google is proposing feel more encouraging than what we've seen in the past. For example, the company said it will introduce a new "multi-series" training program for employees which "explores systemic racism and racial consciousness." NBC recently reported that Google had been scaling back its inclusion and diversity training programs since 2018.

Pichai also said Google would convene a task force "to develop concrete recommendations and proposals for accountability across all of the areas that affect the Black+ Googler experience, from recruiting and hiring, to performance management, to career progression and retention."

Those changes are good and should be celebrated, but when it comes to its commitment to boosting diversity numbers within the company, it's a shame Google couldn't be a little more ambitious.

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This $56,000 smart tiny home is only 68 square feet, and can operate off-grid using solar power — see inside

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SPACE by Ecocapsule_printsize

  • Ecocapsule announced a new, off-grid smart micro-unit called Space.
  • With a minimalist design and solar panels, Space could be an office, guest room, or extra space.
  • The 68-square-foot micro-unit is available for about $56,000.
  • Visit Business Insider's homepage for more stories.

There are tiny houses, and then there are micro-units that make a standard tiny home look like a mansion.

Ecocapsule announced Space, an off-grid micro-unit with the "attractive design of a giant egg," as the company describes it, earlier in June.

Ecocapsule is headquartered in Bratislava, Slovakia. In 2018 it released the original Ecocapsule, a tiny home powered by solar and wind power. 

Ecocapsule_ Houseboat

In May, it announced an even tinier companion unit, the 68-square-foot Space, which also comes at a lower price point than the original, starting at $56,000.

"Based upon demand of our customers we've made Space affordable for broader customers scale, and more comfortable to use," Design Director and CEO Tomáš Žáček said.

SPACE by Ecocapsule + Ecocapsule ORIGINAL

Space is also more accessible to a broader range of customers because it can be connected to the energy grid if needed. Like the original, Space has removable solar panels that can be used for off-grid moves. 

The exterior is made of insulated fiberglass over steel, and color can be customized. 

SPACE by Ecocapsule interior

Inside, Space is intentionally minimalist and can be adapted to different uses. The basic version includes just the laminate floor and a plywood cabinet wall, and the buyer can choose the finish. Despite the small size, it can sleep two people, and additional furniture is available from Ecocapsule for an added cost.

SPACE by Ecocapsule interior1

Depending on how the customer chooses to fill the space, it could be used for nearly anything. Ecocapsule suggests a home office, guest room, or additional space for a cottage or houseboat. It could even be the "daughter" of the original Ecocapsule for fans of the design who need more room. 

The company also suggests that it could be used for business travel or resorts as a lower contact option compared to traditional hotels. 

SPACE by Ecocapsule4

The petite 15 feet by seven feet micro-unit is only eight feet tall and weighs nearly 3,000 pounds, less than an average new car. 

It has solar panels and batteries, which can also be charged externally. That energy goes towards LED lights inside the unit, and the smart home system and sensors that come standard. Smart features can be controlled through a phone app, and there's also the option to add data coverage for the unit itself. Other add-ons include AC and heating, which might be necessary depending on where Space ends up.

Two years after launching the original Ecocapsule, they're located in countries all over the world. Maybe the Space Ecocapsule will follow. 

SEE ALSO: Boston Dynamics' lifelike Spot robot is now on sale for $75,000. See what it can do here.

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Companies like GitHub are dropping decades-old coding terms like 'slave' or 'blacklist,' and advocates say it's a small but important step towards a more inclusive tech industry (MSFT)

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Microsoft CEO Satya Nadella and incoming GitHub CEO Nat Friedman

  • The open source community is moving to reject software terms like "master," "slave," "blacklist," and "whitelist" in an effort to be more inclusive. 
  • Advocates say that more inclusive terminology not only helps Black developers and other developers from marginalized groups feel more welcome; the new terms are often also more technically accurate in describing what the software does.
  • The changes can already be seen at companies like GitHub, as well as in open source projects like OpenZFS, Google's Chromium browser engine, and even the Android operating system. 
  • They aren't the first open source projects to drop the terminology: Django, Drupal, and Python all took similar steps years ago.
  • These moves have historically been met by pushback by those who believe tech is apolitical, but advocates say that software should reflect the values of those who make it, and that such a small change can have an outsized impact.
  • Visit Business Insider's homepage for more stories.

Over his two decades-plus in the tech industry, Michael Brown, now a senior software development engineer at Microsoft, frequently found himself as the only Black engineer on whichever team he was on.

That makes it extra-grating when he runs into industry-standard terms — "master" and "slave," as two common examples — that are as problematic as they are common. He first ran into them early in his career, working on an IT hardware project, but they can be found in wide use today.

These outdated terms often constitute microaggressions, or subtle incidents of discrimination, against Black developers by using the language of slavery, Brown says.

"The simple fact is that Black people are very underrepresented in technology," Brown told Business Insider. "What a lot of them fall back on is that it's a pipeline. The problem is starting in the college level, where you'll see very few Black people. Of course, you get the microaggressions that makes us feel unwelcome and that we don't belong to begin with."

Besides, he says, they're also technically used wrong in many instances: In his early-career hardware experience, the "master" device was actually a client to the "slaves," not the other way around. In more modern usage, "master" is used to refer to the main version of a software project; advocates say that "primary," "trunk," or "main" might be more accurate.

Now, amid the national conversation around systemic racism following the police killing of George Floyd, the tech industry is taking action to remove "master," "slave," and other terms like "blacklist" from common usage. Another example is "whitehat hackers," who hack to help companies find bugs, and "blackhat hackers," who hack for malicious purposes. These terms can reinforce biases, advocates say.

Already, the Microsoft-owned GitHub has announced that it's working to drop those terms, and other software projects like Google's Chromium browser engine and Android operating system have made similar moves.

Advocates say that while it's only a small step, and doesn't do much to address the wide gaps in diversity across Silicon Valley, it's still an important trend that signals to Black developers that there's room for them in the industry.

"I think it's important in general to create an environment that's inclusive that doesn't detract people from feeling comfortable at work and feel like they're just as valuable as others," Sebastien Roy, director of systems platform development at Delphix, told Business Insider. Roy also organized a Juneteenth hackathon to add more inclusive terms to Delphix's products.

Michael Brown Microsoft

GitHub and other projects are updating their language

GitHub, the Microsoft-owned code-sharing site, is one of the most prominent voices in the effort to drop the "master" terminology. Now, GitHub is working to change its default branch name from "master," making it easy for users to choose their own default branch name for new projects, and releasing guidance and tools for users who want to rename it.

Other projects are making similar moves.

Google's Android operating system and Chromium browser engine projects are moving away from terms like "blacklist" and "whitelist" in favor of the terms "blocklist" and "allowlist," 9to5Google's Kyle Bradshaw first reported. This change was first suggested by a Chromium contributor from Microsoft last year, the Register's Tim Anderson reported — not surprising, as Microsoft is using Chromium to power its own Edge browser.

OpenZFS, an open source storage project, has changed the terms "slaves" to "dependents." The Go programming language, which was created by Google, and Red Hat's OpenShift, its version of the Kubernetes cloud computing project, have also made similar changes.

Matthew Ahrens, creator of the OpenZFS project, was the one who submitted the change to remove references to "slaves" in the storage software. He told Business Insider that it first came to his attention after his coworkers at Delphix organized their Juneteenth hackathon.

That made Ahrens wonder if there was any similar terminology in OpenZFS, to which he still frequently contributes. He was surprised to find that it contained several references to "slaves." 

"I think using these terms, it's hurtful. It reminds people of really negative human interactions," Ahrens said. He later added: "It doesn't feel right to use a heavy term in a flippant way."

Terms like 'master' and 'slave' have been around for decades, but the tech industry is starting to make changes

This terminology has long existed both in hardware and in software — a computer handbook from 1969 refers to the terms "master" and "slave." The conversation over those terms, too, goes back decades, with complaints circulating since at least the '90s, as Ars Technica notes

In fact, back in 2003, Los Angeles officials asked manufacturers, suppliers and contractors to stop using the terms "master" and "slave" on computer equipment. Some engineers also spoke out against these terms at the time. More recently, in 2018, the Internet Engineering Task Force also published a memo specifically on this topic to identify "oppressive terminology" in tech and suggest alternatives. 

Several other projects, too, have already replaced master/slave terminology. For example, the Drupal and Django web application frameworks started using "primary" and "replica" in 2014.

The popular programming language Python has also been making these changes over the past few years.

Python core developer Mariatta Wijaya recalls that in 2017, developers wanted to introduce a feature for a GitHub bot that checks if users have signed a contributor license agreement. Wijaya made a conscious decision that she didn't want to use the terms "whitelist" for users who have already signed one and "blacklist" for users who have not. Instead, she broke it down into "trusted users" and otherwise. 

Not long after, in September 2018, Python replaced the terms "slaves" with "workers," "helpers," or "child," and "master" with "parent." 

"I think it's important because I know there are people who are offended because of historical reasons," Wijaya said. "Maybe it triggers trauma within them. Even though we don't share the same experience, it's important to empathize with them and understand who we are excluding by keeping the terminology like the master and slave terminology."

Making these changes can create a ripple effect through the industry, Wijaya says, as new open source projects may look to popular ones as a model. And maybe it can set an example for members of the open source community to be mindful of their language elsewhere, too.

"I think maintainers have the responsibility to set up a good example and use more inclusive language, not just in master/slave terminologies, but when they address the audience as well," Wijaya said.

Developers often didn't speak up because they 'adopt this shell' to protect themselves

The terms in question are decades old, as are the arguments over them. But widespread change has been slow to come to the industry because developers may not feel comfortable speaking up, Brown, the Microsoft developer, says. Instead, he says, Black people in tech "adopt this shell," trying not to engage with the subject for fear of being excluded.

"We act like things don't bother us because we don't want to be rocking the boat," Brown said. "When we get into the field, and they say, 'here's a master slave device,' we're not very likely to bring it up because we know how that creates an aura that 'oh, he's a troublemaker.'"

For example, Adama Robotics CEO Dauda Barry, who is Black, says that when he first came across the terms "master" and "slave" in software while he was still in university, he wrote off his own discomfort, telling himself that he was just being sensitive. But amid the recent conversations on the topic on Twitter, he realized that he wasn't alone in disliking the terms. 

"When I came across it the first time, I raised my eyebrow and just brushed it off quickly," Barry told Business Insider. "[Changing these terms] makes the tech ecosystem more inclusive. There are many ways to make a place inclusive. We want to make sure more developers of color will feel comfortable working in tech and can be their true selves."

In addition, the open source community often fosters so-called "benevolent dictators," project creators and maintainers who have the final say on all decisions — and who don't always see inclusion as a priority, if they care about it at all. 

"This results in a very homogeneous group of people being able to contribute or ask these bigger questions," product designer Chris Messina, famed as the inventor of the social media hashtag, said. "The language you use affects the people who are able to participate."

A newfound sense of urgency to make the change

Even if this isn't a new debate, the movement has a newfound sense of urgency amid the national conversation on systemic racism, says independent product designer and regular open source contributor Tatiana Mac.

In the past, people who suggested a change to the language would get ignored or sidelined, Mac said. And when some projects do make a change, Mac says, some elements of the community the software revolt — on Twitter, and within the community itself — saying that they shouldn't be expected to make changes to their software for what they see as a political purpose. Changing the terminology is sometimes seen as a matter of "political correctness."

For instance, when Python replaced its terminology in 2018, Wijaya says that some maintainers ended up getting harassed over the matter. Those kinds of incidents have a chilling effect on future efforts to make change, Wijaya suggests.

"That is something that we've done and something that we care about," Wijaya said. "We also know that it is controversial. Some of our maintainers are just burned out from that incident. They did not have the mental capacity to continue with such discussions. The change was made, but it had the cost of open source maintainers having to deal with mental harassment."

Mac says that tech can't see itself as distanced from the conversation on race, however — even as Microsoft, Salesforce, and Amazon pledge solidarity with the Black community, critics say that their work with law enforcement could undermine their stances. Given the intertwining of the two, Mac says, it's important that software represents the values of the people who make it. 

"I think it's important that we evolve our technology to fit our ethical stances," Mac said. "There are so many people in tech who love to hide behind this concept that tech is apolitical."

Read more: Tech companies like Amazon, Microsoft, and Salesforce are taking a stand against systemic racism, but their work with law enforcement could contradict their stances

In fact, it shouldn't even be a debate, Brown says. He likens the discussion to people fighting to keep Confederate monuments standing. 

"You have millions of people in America who have trauma associated with that terminology, and you want to say that doesn't matter," Brown said. "You want to say, keep that technically inaccurate term and argue in upholding this rather than saying, this might cause problems for people. Let's take 30 seconds to change it out."

Advocates say these new terms are more inclusive and accurate

Terms like "master," "slave," "blacklist," and "whitelist" are not only hurtful, but unclear and often inaccurate, advocates say. Meanwhile, updated terms like "main," "primary," "allowlist," and "blocklist" more clearly reflect their actual meaning.

"All these other microaggressions, that's one more microaggression," Brown said. "It's not that hard to make the change. It's not even a technically accurate term, and you're defending it."

In software, developers have seen many other ways that language can be exclusive. For example, software projects often come with documentation to explain how to properly set up and run the code. Oftentimes, it will refer to engineers with "he" or "him" pronouns, excluding female or nonbinary developers.

"I see that a lot in documentation," Emily Kager, mobile Android engineer at Mozilla, told Business Insider. "It's a subtle thing. People feel less welcome in that they're not writing about you. We should make language as gender inclusive as possible."

Another example is the term "sanity check," a term that refers to when developers review code. This language can exclude people with mental illness or disabilities, Mac, the product designer, said. 

For this reason, Mac started a dictionary project for the tech industry called Self-Defined, which identifies problematic language, explains its impacts, and suggests alternatives that can be used.

"Language has a lot of power," Mac said. "It's embedded so passively in everything that we view. These conversations should happen more frequently."

While the tech industry still has a long way to go when it comes to diversity, equity, and inclusion, these small changes would make the tech ecosystem more inclusive, earn the trust of more diverse community members, and help Black developers feel more comfortable, advocates say.

"Why are you not changing it? It's 30 seconds," Brown said. "It won't break anything. It will make your project more welcoming."

Got a tip? Contact this reporter via email at rmchan@businessinsider.com, Signal at 646.376.6106, Telegram at @rosaliechan, or Twitter DM at @rosaliechan17. (PR pitches by email only, please.) Other types of secure messaging available upon request.

SEE ALSO: Students say that Holberton School, a coding bootcamp where students don't pay until they get a job, is more like 'Lord of the Flies' than the inclusive educational experience they were promised

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These floating homes are designed to withstand rising sea levels while harvesting their own energy and water — here's how they work

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Water Dwellings perspective 2

  • Design studio Grimshaw created a concept for a floating home that can survive rising sea levels.
  • The dwellings are modular, so components can be mass-produced in factories and assembled at a low cost.
  • Energy will come from solar panels, with shaded lower pontoons using little energy.
  • Visit Business Insider's homepage for more stories.

Design studio Grimshaw and manufacturers Concrete Valley collaborated on their design for Modular Water Dwellings. The structures are essentially floating homes, designed to withstand the upcoming effects of climate change and use energy more sustainably.

The floating homes will be made on an assembly line, creating a modular final product from several standardized pieces. This is an approach taken by many tiny home companies to make construction more affordable, and allow customers to customize their homes based on available pieces.

Water Dwellings perspective

Concrete Valley's manufacturing facility sits on a waterway in the Netherlands, which will allow for the homes to be assembled at the factory and transported to their destinations, ready to move into. Grimshaw told Business Insider that this also reduces the total energy used in construction because no on-site assembly is required.

Model image 2.JPG

The designers cited affordability and sustainability as reasons for making this design, which they say would offer "affordable housing, free of the constraints of land-based construction and resilient to the mounting threat of flooding from rising sea-levels."

According to a UN report from last year, sea levels could rise as much as three feet within 80 years, which would displaces hundreds of millions of people. 

sustainable water dwelling

Designers use the water under the dwelling as part of temperature regulation, using it to heat and cool. The upper level also has solar panels to collect energy during the day, and harvest rainwater for an off-the-grid possibility. Heat exchangers also create a communal energy supply for a group of dwellings, with the potential for almost zero net energy use.

 

diagram

The rest of the design also contributes to low energy use. Each level is well insulated, with lower levels that naturally stay cool due to shade and the concrete pontoons. 

Designers believe that the aspects of the home that make it so unique, like its location on the water, and the potential community of other water dwellings, can contribute to the health and wellbeing of residents. People living in the homes would be close to nature, with beautiful views and access to water. They also promote the idea of communal water activities, like fishing or parasailing, or even using the pontoons to create shared communal spaces like floating gardens and terraces.

health

For now, the Modular Water Dwellings are still in the development stage as Grimshaw and Concrete Valley continue to create prototypes, though they say that they plan to bring them to the market once they're satisfied with the quality and affordability.

SEE ALSO: These $3,400 cocoon-like tents that can hang from trees combine luxury travel and eco-tourism — take a look

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The Model S is the oldest Tesla vehicle still in production — but with a new range upgrade. Here's why it might still be the best. (TSLA)

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Tesla Model S

The Tesla Model S debuted in 2012, making it the longest-running vehicle in the all-electric automaker's lineup. The luxury sedan has received just two significant design and mechanical updates in eight years (a revamped nose and an all-wheel-drive variant), but over that same period, the car has been incessantly tweaked.

Most recently, the Model S's range was boosted to 402 miles, in the "Long Range Plus" configuration, which sells for about $75,000 new. This platform, when it was first rolled out in 2012, delivered just 208 miles per charge for the less expensive, smaller-batteried version, and 265 miles for the larger option.

The improvement is, in a word, staggering. The Model S of 2020 is basically the same vehicle as what we first saw in 2012, built on the same assembly line in California. Over time, it's acquired supercar-beating performance,  added more premium elements to its interior, and acquired semi-autonomous driving technology. The range has gradually ticked up.

Pricing has remained relatively stable, and high, raising the question of whether an "aging" platform is still worth the steep sticker. The timeless design and the steady march of improvement provides an answer.

The issue, then, is that as I've noted before, we take the Model S and its brilliance for granted. The Model 3 captured far more attention when it launched several years ago, and the Model X SUV is much flashier, tech-wise. But the Model S, now with yet more range, remains probably the best Tesla money can buy.

Here's why:

The Tesla Model S arrived in 2012. It was a the company's first "clean sheet" design, completely original.



CEO Elon Musk and design chief Franz Von Holzhausen collaborated on the styling, which was intended to be relatively conservative, luxurious, and most importantly, timelessly beautiful.



The first examples of the Model S rolled off the assembly line at Tesla's factory in Fremont, CA.



The vehicle is still built there today, alongside the Model X SUV and the Model 3 sedan.



Every Model S that comes off the line makes a stop at Tesla on-site test track, for final quality-control testing. I took a spin several years back.



We checked out the Model S at Business Insider in 2015, before the 2016 revamp.



The first iterations of the Model S could be configured with either a 65 kilowatt-hour or 85 kilowatt-hour battery pack, with rear-wheel-drive and a single motor.



The Model S won Motor Trend's Car of the Year award in 2013. At that point, Tesla had sold just 2,400 Model S vehicles.



The faux-grille nose cone has its fans — I still dig it — but some folks questioned why a car that doesn't need to inhale air for combustion needed a grille.



So in 2016, the nose cone was dropped.



The other major change to the platform was the addition of all-wheel-drive in 2014 — the so-called "dual motor" or "D" configuration, with a motor over each axle.



The dual-motor Model S dramatically improved the car's performance, introducing the public first to "Insane Mode" — 0-60 mph in 3.2 seconds — and later "Ludicrous Mode," serving up 0-60 mph in 2.5 seconds. Improvement to the 100-kilowatt-hour battery system yielding a 0-60mph time of less than 2.3 seconds in 2017.



From 2014-15, Tesla introduced Autopilot, its semi-self-driving system, on the Model S. Autopilot has an autosteer feature that tempts driver to go handfree, but that's not recommended.



For a sedan, the Model S has near-SUV-grade cargo capacity. That's thanks to a capacious cargo hold under the hatch and ...



... a front trunk, or "frunk," up front where the engine would be on a gas-powered vehicle.



Since 2012, the Model S's minimalist interior has been steadily luxed-up, in response to owner feedback. But the massive, portrait-oriented central touchscreen remains. It's canted slightly toward the driver. Over-the-air software updates have kept the Model S's brain relevant.



First buyers of the Model S gained free access to Tesla's proprietary charging network of Supercharger stations, for life. Tesla has changed the policy several times since 2012, most recently in 2019, when it reinstated free Supercharging for new Model S vehicles. The company's guidance, however, is for owners to charge at home and leave the Superchargers available for longer trips.



Besides Supercharging, you can go with good old-fashioned electric outlets in a pinch.



I "ran out of gas" in a Model S a few years ago and had to use this option.



It's extremely slow, adding only one mile of range per hour of charge.



Tesla can assist owners with installing a 240-volt level 2 charging station at home. This setup can recharge a Model S battery overnight. Supercharging can replenish a full charge a little over an hour.



Tesla used to distinguish Model S configurations with a naming convention. For example, here we have a "P90D," the performance dual-motor Model S with a 90 kWh battery.



And here's a P100D, with a larger, 100kWh battery. The company no longer does this.



It's currently selling just two versions of the Model S, in Performance and Long Range Plus trims. The latter offers 402 miles of range.



Musk has said that Tesla probably won't substantially redesign the Model S, but will continue selling it for sentimental reasons. At the moment, the company is focused on Model 3 sales and the rollout of the Model Y crossover SUV. But the brilliant Model S isn't quite ready to head off into the sunset just yet.



You can now use Snapchat's augmented reality camera to identify dog breeds and plant species (SNAP)

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snapchat dog scan

  • Snapchat has armored its camera was a flurry of augmented-reality features in recent years that allow users to apply face filters and play with interactive lenses.
  • At the Snap Partner Summit last week, the company debuted new partners for Scan, its press-and-hold-activated feature that gives users more information when they point their camera at various objects and surroundings. 
  • In addition to solving math problems and finding online links for real-life products, users can now use Scan for identifying dog breeds, plant species, and nutrition information for food.
  • Visit Business Insider's homepage for more stories.

If the wildly popular dog filter hasn't given you enough puppy-related content on Snapchat, you'll soon be able to use the app to identify the breeds of dogs you encounter offline.

Snap has debuted new partners for Scan, its feature that lets users gather more information on real-life objects just by pointing the app's camera at them. Now, Snapchat users will be able to use the feature to identify breeds of dogs, species of plants and trees, and nutritional facts about packaged food.

Snapchat has long invested in AR, including object recognition technology. The Information reported back in 2017 that Snapchat was working on a way to scan objects in the real world. Since then, the Snap Camera's scanning ability has grown, ranging from the silly to the handy.

Users can access dancing figures and animations when they point their phone at a flat surface or a piece of pizza, and also harness the technology for more useful tasks — like identifying a song playing using Shazam, recognizing real-life items to buy on Amazon, and even solving math equations on homework.

Snapchat's Scan objection-recognition feature debuted in 2019 at Snap's Partner Summit, the invite-only event the company launched just last year to compete with annual developer conferences from tech giants like Facebook, Apple, and Google. This year's Snap Partner Summit — which took place on June 11 — was forced to go virtual due to the coronavirus pandemic.

Snap says the additions to Scan — including Dog Scanner, PlantSnap, and Nutrition Scanner, and various brand experiences — will be made available to users later this year. 

At the Partner Summit, Snap also unveiled a new "action bar" for navigating Snapchat, additions to its slate of original content and games, and in-conversation Minis for friends to coordinate and plan activities together..

SEE ALSO: Alexis Ohanian reportedly didn't tell Reddit's CEO he intended to resign from the board before announcing it publicly

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Former Pinterest employees say that despite the company's upbeat product, it was a toxic and difficult place to work

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Hello everyone! Welcome to this weekly roundup of Business Insider stories from executive editor Matt Turner. Please subscribe here to get this newsletter in your inbox every Sunday.

Ben Silbermann

Hello!

I want to start by highlighting two stories focused on toxic work environments at Pinterest and CrossFit. 

Julie Bort and Taylor Nicole Rogers spoke to 11 former Pinterest employees who said that despite the company's upbeat product, it was a toxic and difficult place to work. From their story: 

Multiple Black people who had worked on Pinterest's ad sales team say they were fired or "pushed out" of the company with no real explanation.

Other employees say they were publicly yelled at by managers or dealt with such severe "head games" from managers that they grew stressed and were later hospitalized. 

Some employees described CEO Ben Silbermann as a kind person focused on the product and who either didn't know or didn't care how workers were treated.

You can read the story in full here:

Former Pinterest employees describe a traumatic workplace where managers humiliate employees until they cry, Black people feel alienated, and the toxic culture 'eats away at your soul'

For their story on CrossFit, Katie Warren and Gabby Landsverk spoke to more than 30 former HQ employees, and current and former affiliate gym owners and CrossFit athletes. From their story:

Insiders claim the culture of the workplace demeaned women, operated off retribution, and was ruled by a fear of getting on Glassman's bad side.

You can read that story in full here:

A 'frat party' workplace, a tweet that led to the CEO's resignation, and a culture that demeans women: Insiders say this is the reality of working for the cult-following gym CrossFit

Those two stories follow earlier reporting on a toxic culture at companies like Bon Appétit and Reformation. Meanwhile, employees at companies ranging from Adidas to Red Bull are expressing concern about their employer's response to the Black Lives Matter movement, protesting systemic racism, and demanding change. For example:

As Weng Cheong and Caroline Hroncich report, US companies spend $8 billion annually on diversity and inclusion initiatives, yet research shows that they're actually more segregated now than they were 40 years ago. From their story:

Experts told Business Insider that a major reason D&I efforts are ineffective is that companies continue to invest in one-off trainings, instead of complementing them with company-wide diversity initiatives.

To dismantle systemic racism in the office, employers need to promote people of color internally, listen to stories about discrimination, and collect workforce data, among many other things.

Read their story in full here:

'Diversity' and 'inclusion' are the emptiest words in corporate America. Here's what we really need to dismantle systemic racism in the office.

FILE PHOTO: Satya Nadella, Chief Executive Officer of Microsoft, gestures as he attends a session at the 50th World Economic Forum annual meeting in Davos, Switzerland, January 23, 2020. REUTERS/Denis Balibouse/File Photo

100 days that changed Microsoft

"On March 6, Microsoft employees began inexplicably returning to the company's Redmond, Washington headquarters, just 48 hours after the company enacted a remote work policy in response to the coronavirus."

So starts a story from Ashley Stewart, Jeff Elder, and Patrick Coffee on how CEO Satya Nadella led $1.4 trillion tech giant Microsoft through the coronavirus pandemic. From their story:

"Why are they coming back?" Microsoft chief information security officer Brett Arsenault wondered with concern at the time, as related to Business Insider in a recent interview. "What's going on?"

The employees had left their work computers at their desks as usual — after all, they didn't know when they left that it was the last time they would be at the office for many months. But Microsoft couldn't condone letting them back into their offices, which to this day are deemed unsafe.

The company needed to act fast.

You can read the story in full here:

100 days that changed Microsoft: How Satya Nadella led the $1.4 trillion tech giant through the coronavirus pandemic

most innovative cmo 2020 2x1

Most innovative CMOs

From Tanya Dua:

Global advertising and marketing spend was poised to swell further to $612.6 billion this year — until the coronavirus pandemic came along and upended the advertising business, bringing the forecast down to $563 billion.

The radical transformation of the advertising industry has only been accelerated by the novel coronavirus. Marketers have been forced not only to steer their organizations through challenges like fragmented consumer attention and data-driven marketing but also to slash their spending, tweak their campaigns, and shift their dollars to adjust to a population in crisis.

Here's Business Insider's fifth annual ranking of the CMOs who most stand out in overcoming these challenges:

The 25 most innovative CMOs in the world in 2020 right here

Below are headlines on some of the stories you might have missed from the past week. 

— Matt

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14 investors and VC firms funding innovative startups built around YouTube, Instagram, and TikTok creators and the influencer industry

Read the memo Facebook is sending to ad agencies as calls for advertisers to boycott the platform in July intensify

Here's the pitch deck Irish grocery delivery startup Buymie used to raise $9 million for UK expansion as coronavirus transforms shopping

Leaked memo reveals JetBlue will lay off workers on October 1, with employees who voluntarily quit getting up to 9 years of free travel

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COVID-19 Executive Survey

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The coronavirus pandemic has sparked a public health crisis, the effects of which are now rippling throughout the global economy.

Cities have been shut down, travel is limited, and major central banks have begun to intervene in financial markets at levels unseen since the 2008 recession.

To find out how industry leaders think COVID-19 and related containment efforts will impact their companies and the economy as a whole, we surveyed executive decision makers from around the world.

Simply enter your email for a FREE download of our executive survey results.

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