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Venture capital is in a 'surprisingly rabid' phase despite tech layoffs and previously dire warnings that it would dry up, a VC says

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Matt Turck FirstMark Capital

  • The market for venture capital is "surprisingly rabid" despite the economic uncertainty produced by COVID-19, FirstMark Capital partner Matt Turck said.
  • Turck said that investors have started approaching promising startups that aren't even looking for funding as they seek sure bets.
  • That's made the market "more intense than it's probably ever been," Turck said.
  • Although many smaller startups are having trouble getting funded, big deals for established companies have continued apace as investors look for safe places to put their money.
  • This trend is especially surprising after the mass layoffs at startups in the spring at the the onset of the U.S. outbreak of COVID-19, when companies were hunkering down in fear of a tight cash supply.
  • Visit Business Insider's homepage for more stories.

FirstMark Capital partner Matt Turck had no immediate plans to invest more money into Crossbeam, a Philadelphia-based enterprise tech company that he led Series A funding for last year.

But when Crossbeam CEO Bob Moore told Turck the company was being courted by new investors, he decided to jump on board a new round. Last week the company announced completing a $25 million round led by Redpoint Ventures and joined by FirstMark.

"It's a little bit of a surprisingly rabid funding market right now," Turck told Business Insider. "Five months ago everybody thought the market was going to slow down considerably. Then lo and behold, fast forward to today, it's actually more intense than it's probably ever been."

The initial U.S. outbreak of COVID-19 was as brutal on the startup world as it was on the rest of the American economy, with venture-backed names like Lyft, Bird, and AirBnB laying off workers by the thousands. Some 551 startups have laid off over 77,000 employees since March 11, according to Layoffs.fyi Tracker, a site helping to match out-of-work tech workers with jobs.

But a rough spring has become glorious summer for some startups. Analysts have noted while smaller startups have had a hard time attracting funding, many larger companies have pulled in eye-popping amounts of capital from investors seeking a safe bet.

Payment platform Stripe raised $600 million in April. Grocery delivery service Instacart raised $325 billion in multiple funding rounds. AI startup Gong raised a new $200 million venture investment just months after raising a $65 million Series C in December. And faux-meat maker Impossible Foods announced snagging $200 million at a $4 billion valuation Thursday.

"It's a little bit of a 'haves' and 'have-nots' market," Turck said. "If you're doing something that venture capitalists think is interesting, then the amount of inbound you get these days, like in May, June, and July, has been sort of crazy."

That's led to VCs taking a more proactive approach to funding, Turck said.

"The general concept of funds approaching companies when those companies are not raising money has gone from something that was not that usual, to something that's becoming pretty prevalent," Turck said. "At least for the best companies."

SEE ALSO: A Silicon Valley challenger to the NYSE and Nasdaq is test-driving its alternative stock exchange, but companies may not list there until 2021

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How to take a screenshot in Minecraft on any platform

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Child playing Minecraft

  • You can take a screenshot in Minecraft on a wide variety of platforms.
  • If you're playing Minecraft on a Mac, PC, or Chromebook, you can use your computer's built-in screenshot tools.
  • If you're playing Minecraft on a gaming console, you'll press the Share or Screenshot button on your controller.
  • Taking a screenshot on an iPhone or Android device only takes a quick button press.
  • Visit Business Insider's Tech Reference library for more stories.

Minecraft is one of the most popular games of all time, whether you're playing it with others or by yourself.

But no matter how you play, half the fun comes from sharing your creations or exploits with others. Taking screenshots is the easiest way to do that.

Here's how to take a screenshot in Minecraft, on nearly every platform that it's available on.

Check out the products mentioned in this article:

Minecraft Java Edition (From $26.95 at Minecraft)

iPhone 11 (From $699.99 at Apple)

Samsung Galaxy S10 (From $699.99 at Walmart)

Apple Macbook Pro (From $1,299.00 at Apple)

Acer Chromebook 15 (From $179.99 at Walmart)

Nintendo Switch (From $299.99 at Target)

Xbox One S (from $389.95 at Amazon)

Sony Playstation 4 Pro (from $359.99 at Game Stop)

How to take a screenshot in Minecraft on a Mac, PC, or Chromebook

If you're running Minecraft Java Edition on a PC, you only need to press the F2 key to take a screenshot. The screenshot will be saved to a particular Minecraft folder — you can find it by searching for ".minecraft\screenshots" on your computer.

If you're playing Minecraft Windows 10 edition, however, you can take a screenshot using any of Windows' built-in screenshot tools — these include the Print Screen button, and the Windows Game Bar menu. For a full list of Windows' screenshot tools, check out our article, "How to take a screenshot on Windows 10 computers in several different ways."

On a Mac computer, press Command + Shift + 3. This will take a screenshot of the entire screen, which will then be saved to the desktop.

On a Chromebook, you can press Ctrl and the "Show all open windows" button, which is the button that looks like a box with two lines to its right. It might also be labeled F5. The screenshot will be saved to your Files app.

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How to take a screenshot in Minecraft on a PlayStation, Xbox One, or Nintendo Switch

To take a screenshot on the PlayStation 4, simply press and hold the Share button, or press the Share button and then the triangle button. And if you're one of the few people who still uses a PlayStation Vita, you can take a screenshot by pressing the Start button and the PS button at the same time.

How to take a screenshot in Minecraft PS4   2

On an Xbox One, press the Xbox button twice in quick succession, then press the Y button to take a screenshot.

Every Nintendo Switch controller has a button in the shape of a small black square on the left side. To take a screenshot on a Switch, all you need to do is press this button.

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How to take a screenshot in Minecraft on an iPhone or Android device

To take a screenshot on an iPhone with a home button, press the home button and the lock button at the same time. On an iPhone without a home button, press the lock button and the raise volume button at the same time.

For Android devices, press the power button and the lower volume button at the same time to take a screenshot.

Related coverage from Tech Reference:

SEE ALSO: The best gaming PCs

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SpaceX's next astronaut mission for NASA has been pushed back, with a launch no earlier than late October

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spacex crew1

  • NASA announced on Friday that its next mission with SpaceX won't launch until late October at the earliest.
  • The mission, called Crew-1, will ferry four astronauts to the space station and back: Victor Glover, Shannon Walker, Mike Hopkins, and Soichi Noguchi. 
  • It was initially slated to launch as early as September, but NASA said the change accommodate the schedules of other astronauts going to and from the International Space Station.
  • Visit Business Insider's homepage for more stories.

SpaceX and NASA will launch their next batch of astronauts to the International Space Station no sooner than October 23, the space agency announced on Friday. 

That pushes back the anticipated start date of the Crew-1 mission, which was originally slated to launch as early as late September.

Crew-1 is technically SpaceX's first official, contracted astronaut mission for NASA, since the one it recently completed was a demonstration. The successful completion of that test, called Demo-2, paved the way for at least six more planned ISS missions as part of NASA's Commercial Crew Program. 

NASA said in a press release that it pushed back the launch "to best meet the needs of the International Space Station" by coordinating with the schedules of other astronauts going to and from the ISS. That includes NASA astronaut Kate Rubins and Russian cosmonauts Sergey Ryzhikov and Sergey Kud-Sverchkov, who are slated to blast off on a Russian Soyuz rocket on October 14. The Crew-1 mission will also wait for NASA astronaut Chris Cassidy and cosmonauts Anatoly Ivanishin and Ivan Vagner to return to Earth from the space station on October 22. 

Plus, the new timeline will allow the Crew-1 astronauts' stay on the ISS to intersect with that of the members of the Crew-2 mission scheduled for spring. 

NASA also said it is still wrapping up data reviews and certification processes following the Demo-2 mission, a key step in preparing for Crew-1. 

crew1 astronauts nasa crew dragon elon musk

Meet the Crew-1 crew

Crew-1 includes NASA astronauts Shannon Walker, Mike Hopkins, and Victor Glover, as well as JAXA (Japan Aerospace Exploration Agency) astronaut Soichi Noguchi. Hopkins is slated to be the mission's commander, Glover the pilot, and Walker and Noguchi mission specialists. 

The team plans to stay on the ISS for the standard six months, during which they'll conduct space walks, do science experiments, and work on regular station maintenance. 

In partnering with SpaceX, NASA is reducing its reliance on Russian Soyuz spacecraft, which have recently cost up to $90 million per seat. NASA hasn't been able to launch its own astronauts in American systems since 2011, when it ended the space shuttle program. A seat on a SpaceX shuttle is projected to cost $55 million, though that figure does not include the funding NASA gave the company to develop its new Crew Dragon spaceship in the first place.

SEE ALSO: SpaceX showed it can safely ferry astronauts to and from space. In September, it'll launch 4 more — here's who's next.

DON'T MISS: SpaceX says its first NASA astronaut flight went 'surprisingly well' — but the mission came with a few eye-opening snags

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How to enable the text-to-speech feature on your Kindle Fire device to hear text read aloud

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kindle

  • You can enable the text-to-speech feature on your Kindle Fire device to have written content read aloud.
  • Both Kindle content and your personal documents can utilize the text-to-speech feature.
  • Text-to-speech inputs are also available for languages other than English and can be downloaded via the progress bar within the book itself.
  • Visit Business Insider's Tech Reference library for more stories.

If you are vision-impaired or simply want to hear your book or document aloud rather than reading the text, Kindle Fire has a text-to-speech feature that will translate the written words to audio so you can listen aloud. Best of all, text-to-speech is not only available for Kindle books but also for many (though not all) personal text files.

Turning on text-to-speech is easy and should only take a few seconds. Books in the Kindle store will even notify you if the capability is available before you purchase, though the feature must be turned on within the book or document itself, where available. Once enabled, you can begin playing the audio immediately. 

Check out the products mentioned in this article:

Amazon Kindle (From $89.00 at Amazon) 

Amazon Fire HD 8 Tablet (From $59.99 at Amazon)

How to enable text-to-speech on your Kindle Fire

1. On your Kindle Fire, open the book or document you wish you read. 

2. In the upper right corner of the screen, tap the three vertically stacked dots to reveal a list of menu options. 

3. Tap "Additional settings."

KINDLE Speech-to-text

4. Scroll down until you see the "Text-to-Speech" option and toggle the button to the "on" position, which will turn the toggle box orange. 

how to do text to speech on kindle fire 2

5. Hit the "back" button to return to your book. 

6. To begin utilizing text-to-speech, tap the screen and then tap the play button at the bottom to begin hearing your book. Your book or document should then begin to be read aloud.

how to do text to speech on kindle fire 3

 

Related coverage from Tech Reference:

SEE ALSO: The best Kindles and ereaders

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How to turn shuffle play on and off on Tidal's website and mobile app

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woman listening to music earphones headphones subway

  • You can turn shuffle mode on or off on Tidal using the shuffle button in the player controls at the bottom of the screen.
  • The Tidal web page and mobile app features two shuffle controls. The larger one only shuffles the current album or playlist, but can't be used to turn off shuffle mode. 
  • On the mobile app, tap the minimized player controls at the bottom of the screen to make it larger, then you can find the shuffle control in the bottom left corner of the screen. 
  • Visit Business Insider's Tech Reference library for more stories.

Whether you like shuffling your music or prefer albums to be played in the order the band envisioned, there's no debate that many music players and streaming services make it hard to find the shuffle controls. 

Tidal's shuffle controls may be initially confusing because the large, obvious shuffle button can only turn shuffle mode on, not off.

Check out the products mentioned in this article:

Tidal Premium Subscription (From $9.99 per month at Tidal)

How to turn shuffle play on and off on Tidal on a computer

1. If you're using Tidal in a web browser, you'll find an obvious "Shuffle" button at the top of the page, to the right of the album or playlist cover art, near the "Play" button. You can click this to shuffle your music, but it will not turn off shuffle play.

How to turn off shuffle play on Tidal 1

2. To turn off shuffle mode, click the "Shuffle" icon at the bottom of the web page in the player control strip, located to the left of the "Previous" track button. 

You can use this button to turn shuffle mode on or off, and you can tell it's on when the button turns blue. 

How to turn off shuffle play on Tidal 2

How to turn shuffle play on and off on Tidal on a mobile device 

1. On the Tidal mobile app, you'll find a "Shuffle" button in the middle of the screen, to the right of the "Play button." Tapping this button will shuffle your music, but it will only turn shuffle play on, not off.

How to turn off shuffle play on Tidal 3

2. To turn off shuffle mode, tap the player controls at the bottom of the screen. By default, these controls are minimized, but tapping it causes the player to take up the whole screen. 

3. Click the "Shuffle" icon at the far left of screen, next to the "Previous track" button. You can use this button to turn shuffle mode on or off, and you can tell it's on when the button changes color. 

How to turn off shuffle play on Tidal 4

Related coverage from Tech Reference:

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How to take a screenshot on any Samsung tablet model

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samsung event cox 13

There are a lot of different Samsungtablets on the market right now, and as a result, it might be frustrating trying to track down tutorials that apply to your specific tablet's model. 

All you want to do is take a screenshot– how are you supposed to know which internet tutorial works for which tablets?

We'll let you in on a little secret: there's one method of screenshotting that works for all Samsung tablets, no matter which model you have.

Check out the products mentioned in this article:

Samsung Galaxy Tab A 8.0 (From $129.99 at Samsung)

How to screenshot on any Samsung tablet

1. Open the content you wish to screenshot. This might be anything from text messages or social media to images or apps.

2. Locate the power button and volume buttons on your Samsung tablet.

samsung tablet

3. Place one finger on the tablet's power button. Don't press the button yet; just rest your finger on it.

4. Place another finger on the tablet's "volume down" button, gently like you did with the power button.

5. Quickly press both the power button and the "volume down" button at the same time.

When done correctly, your Samsung tablet will take a screenshot of the content on its screen. You can view screenshots in your tablet's photo gallery and send them to others or post them on social media from there. 

There are several other methods for taking screenshots on a Samsung tablet, but this method is the only one that works on all types of Samsung tablets. Now that you're an expert, try it on your own. There's a lot out there for you to share.

Related coverage from Tech Reference:

SEE ALSO: I tested the Samsung Galaxy S10 Plus for 2 months, and it made me question everything about my 'iPhone or nothing' mentality

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How to log out of Tidal and deauthorize devices through the website or mobile app

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Tidal app on mobile phone

  • You can log out of your Tidal account from your computer's browser by clicking your account name or through the mobile app's settings icon.
  • You can authorize any number of mobile devices to play offline music. You may want to deauthorize a device if you no longer own it or use it for Tidal.
  • To deauthorize a device using the mobile app, open the settings page, and go to "Authorized devices."
  • Visit Business Insider's Tech Reference library for more stories.

Tidal doesn't always keep accurate track of your authorized devices. There are bugs in the Tidal service that often prevent authorized devices from showing up in the list on the web and mobile devices. Unfortunately, there's no known workaround for these issues right now. 

But as a Tidal subscriber, you can sign into the service on as many devices as you like, including phones, tablets, and PCs. Once logged in, Tidal will allow you to listen to music on a single online device or up to five offline devices. 

You don't have to sign out of one device to play on another, either. The music should automatically pause. However, if you are no longer using Tidal on a device or no longer own the device, you might want to deauthorize it. 

Once you've decided you want to logout of Tidal on a device, here's how to do it.

Check out the products mentioned in this article:

iPhone 11 (From $699.99 at Apple)

Samsung Galaxy S10 (From $699.99 at Walmart)

Apple Macbook Pro (From $1,299.00 at Apple)

Acer Chromebook 15 (From $179.99 at Walmart)

How to log out of Tidal on a computer

1. Open my.tidal.com in a web browser.

2. Click your account name at the top left of the screen.

3. In the dropdown menu, choose "Log out."

How to log out of Tidal 1

How to log out of Tidal in the mobile app

1. Start the Tidal app. 

2. Tap "My Collection" at the bottom right of the screen. 

3. Select the Settings icon at the top right. 

How to log out of Tidal 2

4. Tap your account name at the top of the page. 

5. Scroll down to the bottom of your profile page and tap "Log out."

How to log out of Tidal 3

How to deauthorize a device on Tidal using the mobile app

1. Start the Tidal app.

2. Choose "My Collection" at the bottom right of the screen. 

3. Tap the Settings icon at the top right. 

4. Scroll down and select "Authorized devices."

5. Select the device you want to deauthorize.

6. Tap "Deauthorize device." 

How to log out of Tidal 4

How to deauthorize a device on Tidal on a computer

1. Open my.tidal.com in a browser. 

2. Log in if you're not already signed into your account. 

3. Choose "Offline devices."

How to log out of Tidal 5

4. On the Manage your offline devices page, select the device you want to deauthorize. 

5. Click "Remove Device."

Related coverage from Tech Reference:

SEE ALSO: The best music streaming services you can subscribe to

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How to take a screenshot on your Motorola smartphone and find the image later

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motorola edge plus red

Taking a screenshot on your Motorolasmartphone might seem tricky, but the process isn't actually all that complicated.

Read on for a quick tutorial on screenshotting using a Motorola smartphone.

Check out the products mentioned in this article:

Motorola Moto G Power (From $249.99 at Motorola)

How to take a screenshot on Motorola

1. On your Motorola smartphone, open up the app, image, or content you wish to screenshot.

2. Touch the power button with one of your fingers, but don't press down yet. Touch the lower volume button with a different finger. 

motorola screenshot

3. Press down on the power button and the lower volume button at the same time to take the screenshot.

If you successfully took the screenshot, you'll hear a small click (if you have your volume on) and see a brief flash on your smartphone's screen.

How to view a screenshot on Motorola

After you've taken a screenshot, it will be saved in one of your Motorola smartphone's image folders. You can view the screenshot from there.

1. Open your Motorola smartphone's camera app.

2. Open the camera's photo gallery.

3. If you don't see a thumbnail for the screenshot right away, look for a folder titled "Screenshots." Where the screenshots are saved may vary from smartphone to smartphone.

After you've located the screenshot, you can view it by tapping on it. You can also send it to other smartphone users through the messaging app of your choice, so long as the app in question supports image sharing between devices.

Related coverage from Tech Reference:

SEE ALSO: The best true wireless earbuds

Join the conversation about this story »

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How to watch titles on HBO Max in another language or change the language of your app

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family kids watching tv movie at home streaming

  • You can change the language on HBO Max in a number of different ways.
  • If a show is offered in multiple languages, you'll see this option labeled with a play button icon on both its details page and during playback. 
  • You can search for shows in language genres, such as the "Latino" shows and movies tab.
  • If you're looking to change your app language, you can change your device or browser settings.
  • Visit Business Insider's Tech Reference library for more stories.

Playing a show or movie on HBO Max in another language is as easy as one click — if the show offers other languages, that is.

If an HBO Max title has language options other than English available, you'll see this option labeled on both the title's details page and during playback. For most shows or movies, this means it will play with that language's subtitles (the audio will remain the same). Unfortunately, overall, only a small percentage of popular shows are offered in another language.

You can also change your device or browser settings for the app to reflect your language preference. 

Here are all the ways you can try watching HBO Max in another language.

Check out the products mentioned in this article:

HBO Max (From $14.99 a month at available at HBO Max)

iPhone 11 (From $699.99 at Apple)

Samsung Galaxy S10 (From $699.99 at Walmart)

Apple Macbook Pro (From $1,299.00 at Apple)

How to play HBO Max content in another language

For the most part, browsing different language options looks exactly the same whether you're accessing HBO Max through the mobile app or your desktop. Unfortunately, many videos are not offered in multiple languages. If this is the case for the show or movie you want to watch, you won't see anything labeled in its details page. This means that it is only offered in the language in which it was recorded.

1. To browse genres, click or tap the three bars in the upper left corner.

2. You can sort through titles alphabetically or by type at the top of the search page. 

HBO Max offers the "Latino" category, where you'll find shows and movies filmed in Spanish. 

HBO Max image2 lang

You can also choose the "International" genre, which will include a variety of shows and movies produced in other languages. HBO notes that these titles will play with their original audio with English subtitles. For shows that were produced in English, there is no audio dubbing available in other languages.

HBO Max image3 lang

3. Click or tap to explore the show's details. 

HBO Max image1 lang

4. Once you've selected a show, you'll see its alternate languages listed next to a play button icon. 

If you're on your desktop, this option is visible in both the show's details and during playback. 

HBO Max image4 lang

If you're on the mobile app, this option is only visible on the details page, not during playback. 

HBO Max image5 lang

5. Tap the other language to begin watching. 

6. To switch back, you'll have to return to the details page using the "Back" button and then select the other language.

How to change the HBO Max app or site language by changing your device or browser settings

While changing your device or browser settings won't change the language of your show or movie, it can alter descriptions or labels to match your language preference. These changes can include altering settings on your Android phone or tablet. If you use an Apple device, the process will be different on an iPhone or iPad versus a Mac computer

Additionally, this can mean altering your browser preferences. Each browser's settings will look slightly different, though all should offer other languages. This includes Google Chrome and Firefox. The browser should translate the HBO Max webpage.

Related coverage from Tech Reference:

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How to cancel an Uber Eats order and determine if you'll get a refund

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Uber eats app on background of food menus

  • You can cancel an Uber Eats order without having to contact customer service or the restaurant.
  • To cancel an Uber Eats order on the Uber Eats app, navigate to the Upcoming Orders tab and select the "Cancel" option. 
  • When you use the Uber app for an Uber Eats order, you will need to tap the Account Profile icon before accessing your Orders list.  
  • You may be able to get a refund on a canceled Uber Eats order if you're able to cancel it before the restaurant accepts the order. 
  • Visit Business Insider's Tech Reference library for more stories.

Uber Eats has made ordering food as simple as a few taps on your phone screen. Once you order, the app will offer an estimated delivery time. Then all you have to do is sit and wait for your courier to arrive.

Of course, when things are that quick, it's easy to make mistakes. Whether you forgot to add an item to your cart or suddenly changed your mind on that late-night order, there's plenty of solid reasons you may need to cancel your order. 

Cancellation is usually possible, with the only catch being that, depending on how far along in the preparation process, you may or may not be eligible for a refund.

Uber Eats orders can only be refunded before the restaurant accepts the order. At many restaurants, this happens automatically or within one minute of the order being placed. That means you have a tight window to get a refund on your order. 

If you need to cancel an Uber Eats order, here's how to do it.

Check out the products mentioned in this article:

iPhone 11 (From $699.99 at Apple)

Samsung Galaxy S10 (From $699.99 at Walmart)

How to cancel an order on the Uber Eats app

1. Open the Uber Eats app. 

2. Tap the Orders tab in the app's bottom menu.  

How to cancel and Uber Eats order 1

3. Choose the "Upcoming" tab to see your in-progress orders.

4. Find the order you want to cancel and tap 'Cancel Order.'

How to cancel Uber Eats 1

5. A window will appear asking you to confirm your cancellation and warning you of a cancellation fee if you continue. Tap 'Cancel Order' to confirm. 

How to cancel Uber Eats 2

How to cancel an Uber Eats order on the Uber app

1. Open the Uber app. 

2. Select "Order Food."

How to cancel Uber Eats from Uber 1

3. Tap the Profile icon in the upper-left. 

How to cancel Uber Eats from Uber 2

4. Choose Orders. 

How to cancel Uber Eats from Uber 3

5. Your most recent order should appear first. Select "Cancel Order." 

How to cancel Uber Eats from Uber 4

6. In the window that appears, confirm that you wish to cancel your order. 

Related coverage from Tech Reference:

SEE ALSO: The best meal kit delivery services

Join the conversation about this story »

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How to download from Tidal and listen to music offline

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Tidal music app with headphones

  • You can download music from Tidal to your phone and listen to it later when you have no internet access or don't want to use your cellular data to stream audio.  
  • To download an album or playlist, toggle the Download button at the top of the page for those tracks.
  • To play downloaded tracks, put Tidal in Offline mode using the Settings page.
  • Visit Business Insider's Tech Reference library for more stories.

As a Tidal subscriber, you have access to roughly 60 million tracks – but that doesn't do you any good if you're in a location without internet access. Tidal allows you to download songs to your phone and play them back anytime, even if you are in Airplane Mode or if you don't have Wi-Fi and would prefer not to use your cellular data plan to stream audio.  

There are a few limitations to downloading in Tidal, though. First, you can only do this using a mobile app on your phone – you can't download tracks to your computer. Second, you can only download entire albums or playlists, not individual tracks. 

If you want to download from Tidal and listen to music offline, here's how to do it. 

Check out the products mentioned in this article:

iPhone 11 (From $699.99 at Apple)

Samsung Galaxy S10 (From $699.99 at Walmart)

Apple Macbook Pro (From $1,299.00 at Apple)

Acer Chromebook 15 (From $179.99 at Walmart)

How to download an album from Tidal 

1. Start the Tidal app on your phone.

2. Find an album you want to download. Browse or search for an album you want to download. 

3. Open the album and confirm you see the tracklisting.

4. Swipe the Download button to the right to turn it on. The songs on the album will be added to the download queue and stored on your phone.  

How can I download from Tidal 1

How to download a playlist from Tidal 

1. Launch the Tidal app on your phone. 2

2. Tap "My Collection" at the bottom of the screen.

3. Select "Playlists."

4. Choose the playlist you want to download. 

5. Swipe the Download button to the right to enable downloading. The songs in the playlist will be added to the download queue.

How can I download from Tidal 2

How to play the music you've downloaded from Tidal without Wi-Fi or data service

1. With your data and Wi-Fi off or unavailable, launch the Tidal app. 

2. After it opens on the "My Collection" page, locate the "Downloaded" link and tap it. 

3. Choose the tracks you want to listen to and wait for it to begin playing automatically. 

How can I download from Tidal 3

How to play the music you've downloaded from Tidal without turning your data off 

1. To force your phone to play downloaded tracks, and avoid using cellular data, open the app. 

2. Tap "My Collection" at the bottom right of the screen.

How can I download from Tidal 4

3. Choose the Settings icon in the top right. 

4. Turn on Offline mode by swiping the button to the right. 

How can I download from Tidal 5

5. When you want to use data to listen to Tidal again, select the Home button at the bottom of the screen.

6. Tap "Go online" to take Tidal out of offline mode. 

Related coverage from Tech Reference:

SEE ALSO: The best music streaming services you can subscribe to

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Trump takes another swing at TikTok with a new executive order seeking to force parent company ByteDance to sell the viral video app

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  • Trump issued a new executive order Friday seeking to force ByteDance to sell popular viral video app TikTok.
  • Trump's order aims to retroactively invalidate ByteDance's purchase of Musical.ly, the app that eventually became TikTok, citing national security concerns.
  • Trump's legal authority to invalidate the deal rests on an investigation by the CFIUS, a division of the US Treasury responsible for reviewing foreign deals that could pose security risks.
  • Treasury Secretary Steve Mnuchin said in a statement on Friday that the agency had completed an "exhaustive review" and "unanimously recommended" that Trump unwind the deal, according to Bloomberg reporter Saleha Mohin.
  • The move comes on the heels of an executive order Trump issued last week that also targeted TikTok by banning American companies from doing business with its Chinese parent company ByteDance.
  • Visit Business Insider's homepage for more stories.

President Donald Trump issued an executive order Friday again targeting viral video app TikTok and its Chinese owner ByteDance.

The order seeks to unwind ByteDance's acquisition of Musical.ly, a lip-sync video app that the company purchased in 2017 and eventually merged with TikTok, claiming it raised national security concerns.

The order states that ByteDance's purchase of Musical.ly "is hereby prohibited, and ownership by ByteDance of any interest in Musical.​ly in the United States, whether effected directly or indirectly through ByteDance, or through ByteDance's subsidiaries, affiliates, or Chinese shareholders, is also prohibited."

It gives ByteDance 90 days to sell off any assets that enable it to operate TikTok within the US as well as any data it obtained from US-based TikTok or Musical.ly users.

"As we've said previously, TikTok is loved by 100 million Americans because it is a home for entertainment, self-expression, and connection," a TikTok spokesperson told Business Insider. "We're committed to continuing to bring joy to families and meaningful careers to those who create on our platform for many years to come."

Any deal terms would be subject to approval from the Committee on Foreign Investment in the United States, a division of the US Treasury Department responsible for overseeing transactions between American and foreign companies that could pose national security risks.

A 1988 law allows Trump to block foreign deals like ByteDance's acquisition of Musical.ly, but only after CFIUS conducts its own security review.

CFIUS has been probing the Musical.ly deal since late 2019, and Treasury Secretary Steve Mnuchin said in a statement Friday that "CFIUS conducted an exhaustive review of the case and unanimously recommended this action to the President in order to protect US users from exploitation of their personal data."

However, forcing ByteDance to divest its US-based TikTok assets is still not the same as a nationwide ban on TikTok, a move legal experts said would be legally dubious.

Last week, Trump took another swipe at TikTok, issuing an executive order that makes it illegal for American companies to do business with TikTok, effectively giving ByteDance 45 days to sell the app.

Already, last week's order is generating legal challenges.

US-based TikTok employees said they plan to sue the Trump administration, arguing the order will make it illegal for their employer to pay them, and TikTok plans to file a separate lawsuit of its own.

Trump has frequently attacked TikTok over the past few months, alleging the Chinese government could pressure it to spy on Americans by accessing their data, censor content Beijing finds politically objectionable, or sway US elections by quietly manipulating its algorithms.

Join the conversation about this story »

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T-Mobile is outpacing the rest of the Big Four US carriers on value, loyalty, and satisfaction — here's what consumers say is most important when selecting a mobile provider (TMUS, S, VZ, T)

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This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. This report is exclusively available to enterprise subscribers. To learn more about getting access to this report, email Senior Account Executive Jeff Jordan at jjordan@businessinsider.com, or check to see if your company already has access.


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Although competition in the US wireless carrier market remains fierce, the price war among the Big Four US carriers — Verizon, AT&T, T-Mobile, and Sprint — began to cool over the past year.

In an attempt to avoid further competition on price, carriers began shifting their focus to adding value to their mobile plans with new offerings to differentiate from the competition. This helped average revenue per user (ARPU) start to stabilize across all carriers in Q1 2018, after declining over the last two years.

The Big Four have now begun reshuffling their unlimited plans to lure subscribers by providing more options. This strategy has been unrolling in two flavors: introducing new, expensive unlimited plan tiers loaded with an array of features and choices, while also catering to price-sensitive customers with more affordable plans that strip away extra perks like free digital content and international coverage. As a result, a new battleground is emerging, with differentiation now coming down to the value loaded in their mobile plans.

Looking forward, the US carrier market will see competitive pressure pick up due to a number of trends: 

  • The US smartphone market is creeping toward saturation. Penetration in the US hit 85% in 2018, up from 82% in 2017 and 77% in 2016.
  • eSIM technology is making it easier for consumers to switch carriers. eSIM technology is a nonphysical SIM card slot that pairs with the physical SIM card to enable dual-SIM functionality — allowing customers to switch carriers without changing to a different SIM card or device.
  • And cable mobile virtual network operators (MVNOs) are edging in on US carriers' share of wireless adds. Cable MVNOs, such as Comcast's Xfinity Mobile and Charter's Spectrum Mobile, are expected to snag roughly 50% of total wireless customer net adds, or about 2.2 million subscribers, by 2020.

All of this means fostering loyalty and winning over new subscribers is more important than ever for the Big Four, making it crucial for these mobile carriers to understand consumer sentiment around their services.

In this report, Business Insider Intelligence uses consumer survey data from our proprietary panel, collected during 2017 and 2018, to evaluate which features are most important to consumers when selecting a mobile provider, as well as to determine which features would convince them to switch to the competition. It contains insights that can help telecoms guide strategic investment and marketing decisions to win and retain customers in this increasingly competitive space.

The companies mentioned in the report are: AT&T, Amazon, Apple, Charter, Comcast, Hulu, Netflix, Pandora, Sprint, T-Mobile, Tidal, and Verizon.

Here are some key takeaways from the report:

  • T-Mobile came out on top again, outpacing the rest of the Big Four US carriers on value, loyalty, and satisfaction. T-Mobile customers want to see coverage improvements, though. 
  • Verizon customers don't see much more value in its offerings than a year ago.
  • AT&T was the only carrier to show declines in all capacities. 
  • Sprint is still a good deal, but it doesn't offer much else.
  • When it comes to features, subscribers still value the basics most. However, demand for international coverage is growing.
  • 5G is the next major battleground for the Big Four, and the winner of the 5G race has the potential to leap ahead in customer volumes. 

 In full, the report:

  • Determines the features that are most important to consumers when selecting a mobile provider.  
  • Identifies which features are nice to have or essential in consumers' willingness to switch carriers. 
  • Examines consumers' feelings on emerging technologies and trends in the mobile industry, such as 5G, new network-connected devices, and the T-Mobile-Sprint merger.

 

SEE ALSO: 5G in the IoT: How the next generation of wireless technology will transform the IoT

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Here are the 20 economics, self-help, and strategy books C-suite execs are reading to get their firms through a black swan summer

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  • The COVID-19 pandemic has forced firms around the world to shut down their offices and their employees to work from home – with many wondering what the future holds. 
  • Perlego – the "Spotify for textbooks" – analyzed data from more than 600 of its C-suite customers to find out what business leaders were reading in these strange times. 
  • Standouts include books by Nike cofounder Phil Knight and tech investor Ben Horowitz. 
  • Perlego CEO Gauthier Van Malderen said senior execs had used their time in isolation to learn the "crucial skills" needed for businesses to survive. 
  • Click here for more BI Prime stories.

The COVID-19 pandemic has resulted in businesses all around the world shutting down their offices and telling employees to work from home. 

The change of pace has forced senior executives to strategize the future of their firms while relying on video-calls and text messages. 

Perlego– an online library startup dubbed the "Spotify of textbooks" – has analyzed the most popular books read by more than 600 C-suite executives using its platform. 

Titles include bestsellers by the likes of Nike cofounder Phil Knight and Ben Horowitz, one of the best-known investors in Silicon Valley. 

"[Executives] are reading books on leading in times of crisis, dealing with stress, engaging a remote workforce, preparing for a post-COVID world and many more topics," Perlego CEO Gauthier Van Malderen told Business Insider.

We broke down the 20 most popular books being read by C-suite executives this summer: 

20. "Uncertainty and Strategic Decision Making" by Kristian J. Sund, Robert J. Galavan and Anne S. Huff

Read it here >>

Released in 2017, this book brings together best practices as outlined by three National University of Ireland business experts, working through ideas such as the role of intuition in decision making, managerial biases, and strategic change.



19. "Managing Oneself" by Peter F. Drucker

Read it here >> 

Widely regarded as the "father of modern management", Peter F. Drucker's 2017 tome is just the latest in his back catalogue of 39 books on management. 

A short but solid read, "Managing Oneself" promises to help employees at every level take control of their careers. 



18. "Resilient Organizations" by Erica Seville

Read it here >>

In "Resilient Organizations", author Dr Erica Seville poses the question: "Do we need to wait until a crisis strikes to see how resilient an organization is?" 

Founder of the Resilient Organizations research programme, Dr Seville provides readers with the essential knowledge needed to allow businesses to thrive in the toughest of circumstances. 



17. "Leadershift" by John C. Maxwell

Read it here >>

Released less than one year ago, "Leadershift" is the latest work by New York Times bestselling author John C. Maxwell. 

In "Leadershift", Maxwell helps leaders make the changes the current fast-paced environment demands, including continual learning, speed, the big picture and uncertainty. 

 



16. "Get a Life!" by Rick Hughes

Read it here >> 

Striking the correct work-life balance for you can be a hard task – and even harder to maintain, especially as circumstances change around you. "Get A Life!" is a practical handbook to help you get on top of it.

Written by internationally renowned coach, counselor and wellbeing consultant Rick Hughes, his book covers everything from assessing your needs, workload management and roundly debunk the myths of perfectionism so prominent in places like Silicon Valley. 



15. "The Age of Influence" by Neal Schaffer

Read it here >> 

In many ways, social media has been a democratizing force, upending traditional notions of authority and influence, even as new information is created and consumed all around us. 

In "The Age of Influence", Neal Schaffer – the internationally recognized social media marketing expert – outlines what part that shift has played in online marketing in "the Influencer Era".

"The Age of Influence" is a handbook for anyone who wants to successfully spread a message in the age of social media.



14. "Trailblazer" by Marc Benioff

Read it here >> 

When Salesforce chairman and CEO Marc Benioff called for greater regulation on the tech industry at the Davos World Economic Forum – going so far as to say Facebook ought to be reined in "the same way you regulated the cigarette industry" – he found himself at the center of a media frenzy.

In "Trailblazer", Benioff outlines a model for others to follow if they want to thrive in the modern business environment, with criticism of corporate greed bringing new pressures to bear on industry leaders. 

"Trailblazer" is a cutting-edge guidebook to help us all prepare for the arrival of "business for good".



13. "The Future is Faster Than You Think" by Peter H. Diamadis and Steven Kotler

Read it here >> 

Technology is accelerating far more quickly than anyone could have imagined. During the next decade, we will experience more upheaval and create more wealth than we have in the past hundred years.

In this gripping and insightful roadmap to our near future, Diamandis and Kotler investigate how wave after wave of exponentially accelerating technologies will impact both our daily lives and society as a whole.

What happens as AI, robotics, virtual reality, digital biology, and sensors crash into 3D printing, blockchain, and global gigabit networks? How will these convergences transform today's legacy industries? And what will happen to the way we raise our kids, govern our nations, and care for our planet?



12. "Coronavirus: Leadership and Recovery: The Insights You Need from Harvard Business Review"

Read it here >> 

As the pandemic wreaks havoc with the global economy, forward-looking organizations are moving past crisis management and positioning themselves to leap ahead in a transformed economy after what this book dubs "Great Pause." 

This book, distributed by from Harvard Business School, provides you with essential thinking about managing your company through the Covid-19 pandemic, keeping your employees – and yourself – healthy and productive, and challenging your business to continue innovating and reinvent itself ahead of the recovery.

 



11. "The Insider's Guide to Culture Change" by Siobhan McHale



10. "Crisis Leadership" by Tim Johnson

Read it here >> 

From the collapse of Lehman Brothers and the oil disaster of Deepwater Horizon, to the global pandemic now gripping the world, corporations are coming to realize that the impossible can happen all too easily.

"Crisis Leadership" examines the challenges faced by leaders at each stage of the crisis "lifecycle," from the instant they learn of the crisis, through to moments of critical decision-making and the final tumultuous days.



9. "Hardiness" by Steven J. Stein and Paul T. Bartone

Read it here >> 

Published in December, "Hardiness" is the latest book from clinical psychologist Steven J. Stein and research fellow Paul T. Bartone. 

The book uses case studies – including artists, athletes, first responders and soldiers – to demonstrate what they call "the three Cs" of hardiness in action: control, commitment and challenge.  



"The Diversity Bonus" by Scott E. Page

Read it here >> 

In "The Diversity Bonus" Scott Page, a professor of social science and management at the University of Michigan, argues that a diverse workforce is key to a company's success — that means hiring people with different expertise, backgrounds, perspectives and ways of problem solving.

Page lists examples of companies with a diverse workforce that outperform firms with more homogeneous teams. He labels this improved performance, which he sees in both complex problem solving and in coming up with new ideas, a "diversity bonus."

The book also discusses the different ways people analyze, perceive, and organize the same tasks, and how this is affected by gender, race, and identity.



7. "Can You Hear Me?" by Nick Morgan

Read it here >> 

In Washington Post bestseller "Can You Hear Me?", Nick Morgan explains why the quality of human connection we experience in many forms of virtual communication is so subpar.

Morgan outlines five big problems with communication in the virtual world — lack of feedback, lack of empathy, lack of control, lack of emotion, and lack of connection and commitment — sharply highlighting what is lost in our accelerating shift to a more virtual world.



6. "Get Sh*t Done: The Ultimate Guide to Productivity, Procrastination, and Profitability" by Jeffrey Gitomer

Read it here >> 

Published last year, "Get Sh*t Done" tells you why you're failing to achieve your goals in business and life, and suggests strategies that can help.

One of Amazon's best-selling authors, Gitomer outlines a step-by-step guide to becoming more motivated and productive, with the aim of boosting your income and help you build better work habits.



5. "Disrupt It Yourself" by Simone Bhan Ahuja

Read it here >> 

Today, driving innovation from within an organization is the single most important factor for a company's success. In Disrupt-It-Yourself, Simone Ahuja delivers a clear and practical playbook for harnessing and cultivating this essential practice of "intrapreneurship. "

Based on hundreds of interviews as well as on her consulting work in Fortune 500 companies, Ahuja describes the competencies of successful intrapreneurs, and how they must be supported– before they leave.



4. "Work Together Anywhere" by Lisette Sutherland and K. Janene-Nelson

Read it here >> 

Released in June, "Work Together Anywhere", Lisette Sutherland, an international champion of virtual-team strategies, offers a complete blueprint for optimizing team success by supporting every member of every team.

Packed with hands-on materials and actionable advice for cultivating agility, camaraderie, and collaboration, this book is a thorough and inspiring must-have guide for getting ahead in today's remote-working world.



3. "Inclusive Talent Management: How Business can Thrive in an Age of Diversity" by Stephen Frost and Danny Kalman

Read it here »

In "Inclusive Talent Management", Stephen Frost, head of diversity and inclusion at major UK accountancy firm KPMG, and Danny Kalman, director of global talent at Panasonic, team up to deliver practical measures for improving diversity in the workforce. 

Firms should, for example, launch apprenticeships and partner with networks comprising people from under-represented groups. Leaders should not just say the right words, but take the right action, the book says.



2. "Shoe Dog" by Phil Knight

Read it here >> 

In this New York Times bestseller, Nike cofounder Phil Knight reveals what it was like in the early days of his intrepid startup – and how it evolved into one of the world's most iconic brands. 

Bill Gates named "Shoe Dog" as one of his five favorite books of 2016, calling it "an amazing tale". He said: "[It's] a refreshingly honest reminder of what the path to business success really looks like." 



1. "The Hard Thing About Hard Things" by Ben Horowitz

Read it here >>

Top of the list is "The Hard Thing About Hard Things", the 2014 bestseller by one of Silicon Valley's most respected and experienced entrepreneurs, Ben Horowitz. 

Filled with his trademark humor and straight talk, Horowitz's book is invaluable for veteran entrepreneurs as well as those aspiring to their own new ventures, drawing from his personal and often humbling experiences.



Tesla's stock split should be a game-over moment for Wall Street bears (TSLA)

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  • Last week, Tesla announced a 5-for-1 stock split, setting off a 20% rally for shares that were already at vertigo-inducing levels.
  • For bulls, it was a buying opportunity.
  • For bears, it was more bad news. 
  • And for anyone wondering why Tesla is worth more than GM, Ford, FCA, and the VW Group combined, it was an education in how a negative thesis about a company can steadily fall apart.
  • Visit Business Insider's homepage for more stories.

Let's spend a little bit of time in a parallel universe that, believe it or not, actually exists. 

Tesla is worth anywhere from $250 billion to $300 billion in market cap these days, after an epic rally that started at the beginning of the year, and is still going. It has logged swings in valuation as big as Ford's entire market cap, and bulls have gleefully noted that Tesla is now worth more than the entire Detroit Big Three combined — plus the VW Group. 

Tesla also sold just over 250,000 vehicles last year — a record for Musk but nothing compared to Ford , which sold almost four times that many pickup trucks alone, in just the US.

A fundamental assessment of Tesla's business does not yield a $300-billion company. But a fundamental analysis of General Motors doesn't add up to $40-billion market-cap company, when you consider that has an enterprise value of $130 billion and has been posting an annual profit of about $10 billion every year since 2015. It's obvious that Tesla is currently wildly overvalued, while the entire traditional auto industry, which had been racking up pretty routine profits, pre-pandemic, is wildly undervalued.

Tesla's parallel universe, explained

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Welcome to the parallel universe! It exists because the facts on the ground are indisputable. Tesla is indeed valued at stratospheric levels by investors, who think the company is either a great bet on an electrified transportation future — or a great place to park money in a low-yield world. And Tesla has indeed produced far fewer vehicles and generated far less revenue than its old-school competition.

A fair amount of bickering about this parallel universe has done nothing to make it go poof, returning us to a realm governed by proper business assessments. The bulls have kept on winning, and the bears have kept on losing. 

The latest defeat came last week, when Tesla announced a 5-for-1 stock split. This kind of move changes nothing about a company's valuation, but does somewhat artificially reduce the stock price, opening up some opportunity for less flush buyers to come off the sidelines. It can bolster the confidence of established investors, encouraging them to hold what they have (now multiplied) and buy more and what to them might resemble a discount.

The upshot of the move was to push the Tesla rally another 20%.

Musk has needled short-sellers on plenty of occasions — Who could forget the satiny, red short-shorts that bore the Tesla lineup's initials (S-3-X-Y) and that sold out immediately? — but the stock-split was more like a dagger to the heart. Tesla has long been an appealing yet dangerous stock to short. Along with Apple, it's among the most heavily shorted in the market. A history of volatility has made the risk worth it, for intermittent rewards. 

Götterdämmerung for short-sellers

Wagner Opera

But long-term, the shorts have been screwed. Tesla has returned better than 6,700% since its 2010 IPO. It hasn't just beaten the market. It has created its own, alternative market, where the familiar rules don't apply and 20% gains come out of nowhere. 

This is why I've argued, on severaloccasions, that it's pointless to short Tesla.

"It was a bad idea to short Tesla at $200, at $400, and even now at $900 or whatever," I wrote the last time I offered this advice — and I'll now see your $900 and raise you $1,700, divided by five. "The 'bleak, reactive counter-narrative' [my terms] that motivates Tesla skeptics has been thoroughly discredited. Find something else to wager your money on."

Or don't. The thing about this parallel universe is that while it's ruled by bulls, bears can't seem to stay away. I'll concede that over the next 12 to 18 months, something will surely knock Tesla's stock price off its near-vertical trajectory and vindicate some short-sellers' positions, depending on when they got in and how they' ve structured it. But the macro-trend is trend is moving north, as it has been for the past five years.

But why? Clearly, Tesla is a stock that's fueled by a narrative, and by Musk's charisma, and by a historical moment when there's a lot of money sloshing around in search of market-beating returns. But that's not parallel-universe thinking. 

In the alternative reality of Tesla — which isn't an alternative because we're really living in it — people both love the product and love the brand. That's what the elevated stock price, so out of whack with the business, represents. And that's why it game-over for the bears.

I shouldn't have to say it, but love conquers all.

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Jack Dorsey said Twitter already wanted to 'decentralize' its offices before the coronavirus hit because 'no one wants to move to San Francisco anymore' (TW)

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  • Jack Dorsey said that Twitter was already working on "decentralizing" its workforce before the coronavirus outbreak hit. 
  • Dorsey said the company has been working on the issue for "a year, if not two years" during an appearance on "The Boardroom: Out of Office" podcast this week. 
  • "No one wants to move to San Francisco anymore, no one can afford to live in San Francisco anymore," Dorsey said. 
  • Twitter was one of the first tech companies to close down its offices in March, and Dorsey has since announced that employees can work from home forever if they'd like. 
  • Visit Business Insider's homepage for more stories.

When the coronavirus began spreading in Northern California, Twitter was one of the first tech companies to close down its offices and tell employees they can work from home forever.

But CEO Jack Dorsey said the plan to "decentralize" the company's offices has been in the works for a while. 

During an appearance on "The Boardroom: Out of Office" podcast this week, host Rich Kleiman — cofounder of Thirty Five Ventures and manager of NBA superstar Kevin Durant — interviewed Dorsey about a range of topics, including what motivates him and how to avoid burnout while running two major corporations. 

Kleiman and Dorsey discussed the future of the office and what a tech company should look like in the internet age. Dorsey said Twitter has been working "for a year, if not two years" around decentralizing the way employees work. 

"The reason why is like, every entrepreneur I talk to that's doing something internet-related today, they're starting their companies not having an office, not having a headquarters, not having a requirement that everyone has to be in San Francisco," Dorsey said. "No one wants to move to San Francisco anymore, no one can afford to live in San Francisco anymore, so they're hiring people all over the country, all over the world." 

Dorsey said that having a distributed workforce was "the whole promise of the internet" to begin with. 

"It makes location irrelevant but yet here we are, an internet company, that's completely centralizing in San Francisco," Dorsey said. "We're not living up to the ideals of what the internet inspired us to be and what it can show." 

Dorsey said the company wanted to make a change to the way its employees work as quickly as possible, so Twitter "took any reason to" institute a flexible policy — in this case, the coronavirus.

Dorsey also seemed to criticize the government's response to the virus, saying that Twitter felt like it had to take on the responsibility of protecting its employees and the communities it works in. 

"There's two bodies that can affect individual lives in a significant way and that is our governments and the place we work. And we took on that responsibility and just made sure that we were doing our part if our government wasn't going to," he said. 

None of the major San Francisco Bay Area companies have sent employees back to work yet, with most saying employees can work from home until the end of the year. In Facebook's case, for example, CEO Mark Zuckerberg recently told employees that eventually as many as half of the company's employees would most likely work from home

But if employees stay at home forever, many of them say they won't stay in the Bay Area. A recent survey from job-search database Hired found that more than 40% of Bay Area-based tech workers say they'd move to a less expensive city if they were asked to permanently work from home. 

San Francisco is the priciest US city for homebuyers, and only 18% of households are able to afford to purchase a median-priced home in the region. And while San Francisco's median income is $112,376, anyone interested in buying a home in the city would need to make a salary of at least $172,153 to be able to afford the mortgage. Cost of living has become so high that even tech workers are struggling to afford it: a recent survey from workplace chat app Blind found that 70% of tech workers said they can't afford to buy a house in the Bay Area

SEE ALSO: Silicon Valley's open offices are probably over, thanks to the coronavirus — but they were always bad for employees anyway

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Eats has given Uber an edge over Lyft that could keep paying off long after COVID-19 has gone (UBER, LYFT)

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An Uber Eats delivery bike rider wears face mask as a precaution against transmission of the coronavirus at Madrid Rio park on March 14, 2020 in Madrid, Spain. Today known cases of Covid-19 in Madrid are 2,940, while there are 86 reported deaths. The cases in Spain are 5,867 people infected of coronavirus and 135 deaths. The Spanish Government has declared the state of emergency to contain the spread of the virus. All businesses which are not of prime interest, such as grocery stores and pharmacies will have to close temporarily.

  • Uber Eats has helped the ride-hailing perform better than Lyft this year.
  • Eats is also one of three reasons Uber has a long-term advantage over Lyft, Mark Mahaney, an analyst at RBC Capital Markets, told Business Insider.
  • Also key: Uber's international presence and its dominant share of the North America ride-hailing market.
  • Are you a current or former employee of Uber or Lyft? Do you have an opinion about what it's like to work there? Contact this reporter at mmatousek@businessinsider.com, on Signal at 646-768-4712, or via his encrypted email address mmatousek@protonmail.com.
  • Visit Business Insider's homepage for more stories.

The rapid growth of Uber Eats between in the first half of 2020 has given the ride-hailing giant an edge over Lyft during what has otherwise been a brutal year for the companies. That lead could widen even after the pandemic subsides, according to RBC Capital Markets Analyst Mark Mahaney.

At the beginning of this year, Lyft's stock was trading at $43, while Uber lagged behind at $30, but that gap has closed in the past eight months. When markets opened on Friday, Uber's shares were selling for $31, while Lyft's had fallen to $29.

"I think it's almost entirely due to the fact that they have this Eats business," Mahaney told Business Insider.

Eats is one of the three pillars of what Mahaney considers to Uber's long-term advantage over Lyft. The others are Uber's international presence (Uber operates in 69 countries, while Lyft has confined itself to North America) and dominant share of the North America ride-hailing market. Combined, they give Uber a broader revenue base that creates the potential for higher profits in the future. Neither company has ever been profitable for a full quarter, but Mahaney believes Uber's size and diverse business approach gives it the potential to earn bigger profits in the future.

"There's a larger revenue and a larger profit pool that Uber can tap into," Mahaney said.

Before the pandemic, Mahaney believed Uber's long-term prospects were better than Lyft's. But the crisis has only strengthened his opinion of Eats, which has counterbalanced lower ride demand.

A Lyft representative pointed Business Insider to comments made by Lyft CFO Brian Roberts during the company's second-quarter earnings call. Roberts said he expected Lyft's narrower business model to earn higher profit margins than those of its ride-hailing competitors in the long run.

"We expect that the margins of a North American pure-play transportation network will exceed conglomerate models that include lower-margin businesses and geographies," he said.

Lyft's management team has performed well this year, Mahaney said, as it has found more ways to cut fixed costs than he thought possible. Amid uncontrollable shelter-in-place orders and health concerns that have cut ride demand, they have been smart about preserving financial resources and protecting the health of drivers and riders, Mahaney said.

"I just don't know what they could have done differently," he said. 

Are you a current or former employee of Uber or Lyft? Do you have an opinion about what it's like to work there? Contact this reporter at mmatousek@businessinsider.com, on Signal at 646-768-4712, or via his encrypted email address mmatousek@protonmail.com.

SEE ALSO: This Russian-made Mustang look-alike is really a Tesla Model S in disguise — take a closer look

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NOW WATCH: Swayze Valentine is the only female treating fighters' cuts and bruises inside the UFC octagon

Nike's controversial Vaporfly shoes make runners faster — so runners sponsored by other brands are blacking them out to wear in secret

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Eliud Kipchoge ran the first sub-two-hour marathon last October in Vienna. That same month, Brigid Kosgei broke the women's marathon record in Chicago. Then in November, Geoffrey Kamworor won the New York City Marathon for the second time in three years.

The three achievements had a crucial factor in common: All the runners were wearing Nike Vaporfly shoes.

Vaporflys (and prototypes of them) have been involved in nearly every major running victory and milestone since 2016, and for good reason: Research suggests the design of their soles gives runners at least 4% more energetic efficiency over shoes from competing brands.

"The runner runs the race, but the shoe enables him or her to run it faster for the same effort or ability," Geoff Burns, a kinesiology researcher and pro runner, told Business Insider of Vaporflys. "So for two athletes of equal ability on race day, the one with the shoes is going to beat the one without the shoes."

That has led some athletes sponsored by companies other than Nike to don Vaporflys in secret. In at least three competitions, non-Nike runners have worn "blacked-out" Vaporflys: shoes covered in black permanent marker to make it difficult to spot the Nike swoosh.

Tommy Rivers Puzey was one of them.

"I realized there was a new technology creating an advantage, and if you weren't willing to jump on board, you would be left behind," he told Business Insider.

nike vaporfly black out

Puzey wore blacked-out Nikes during the California International Marathon in December. At the time, he was in between a terminated sponsorship contract with Altra and a new one with Craft. He ended his agreement with Altra amicably, he said, because the company wouldn't let him wear Vaporflys.

"I loved that company, but in terms of performance on race day, the Nike runners were driving a race car and we were driving a Mack truck," he said.

Runners are blacking out Vaporflys

Kipchoge, who broke the men's marathon record two years ago, as well as Kamworor and Kosgei, are all Nike-backed runners. Through such sponsorships, an athlete typically receives equipment and often money in exchange for agreeing to use the company's products exclusively.

But in the case of Vaporflys, a couple of runners sponsored by brands like New Balance and Under Armour found themselves at a disadvantage — so some put on Nikes instead and attempted to hide it.

Photos from the 2019 KBC Dublin Marathon show the runner Stephen Scullion in blacked-out Nikes— they're visible in an image on the Instagram account "Protosofthegram," which tracks "running shoes, developments, and prototypes," as well as in a shot from an event photographer.

Scullion is sponsored by Under Armour; on his own Instagram profile, all photos from that Dublin race have the shoes cropped out. He came in second there, crossing the finish line in two hours and 12 minutes.

And the trend forever continues. Under Armour athletes running in blacked out Vaporfly next%

A post shared by Protosofthegram (@protosofthegram) on Oct 27, 2019 at 7:18am PDT on

Scullion did not respond to a request for comment for this story, but Under Armour told Business Insider that he had begun testing one of the company's own marathon racing-shoe prototypes.

Another runner, Joaquín Arbe, was also spotted in blacked-out Vaporflys at the Buenos Aires half marathon in August 2019, though he was sponsored by New Balance at the time. A photo posted by Protosofthegram reveals the Vaporflys' sharp heel on his foot, as does another by the Infobae photographer Franco Fafasuli.

Arbe was the fastest South American runner to finish that race.

Media maraton de Buenos Aires 21K 2019 joaquin arbe

Afterward, Arbe said he might switch sponsors. "We are closing the negotiation with Nike," he told Radio 5. "I already ran with their clothing."

Indeed, at the Buenos Aires marathon a month later, he didn't bother to black out his Vaporflys, wearing them in all their neon-green glory. Arbe came in sixth, clocking a personal-best time of two hours and 11 minutes.

New Balance confirmed that Arbe was no longer one of its sponsored athletes but declined to comment on his blacked-out Nikes. Arbe did not respond to requests for comment, but his Instagram page shows he has been running in Nike products since November as he trains for the Tokyo Olympics.

'Athletes have to go for the best product'

Nike Sneakers Shoes Vaporfly

Puzey said he didn't think he could qualify for the Olympic marathon trials without Vaporflys. An independent study found that the shoes improved an athlete's running economy by 4.2% compared with Adidas Adizero Adios 3 shoes. Alphaflys, the next iteration of Nike's Vaporflys, likely give runners a similar edge: Kipchoge wore an early version of those when he broke the two-hour marathon mark. Alphaflys became available to the public in July

Over marathon-length distances, a 4% improvement is a lot — for athletes like Kipchoge and Kosgei, it could be the difference between setting a world record and falling short. For Puzey, it could help improve his time by 3 1/2 to 5 minutes.

Puzey said it could easily take up to two years to improve a runner's efficiency by about 1.5% — and that requires "hard training, strict diets, massages, naps, and playing with fire in terms of your body breaking down."

That's why he asked Altra if the company would be comfortable with his wearing Nikes.

"I don't ever want to be in a position where I feel like there's a superior product on the market and the company I represent wants me to have to choose between representing them or being the best I could be," Puzey said.

nike black out

In the California race, he added, he blacked out the Vaporflys because he "didn't want it to look as though I was representing Nike."

His new sponsor, Craft, is OK with his jumping ship when it comes to footwear.

Eric Schenker, Craft Sports' CEO, told Business Insider that's in part because the company was "new to the footwear game." So its approach for now is to let Puzey "wear where whatever he wants while we try and catch up."

"Athletes have to go for the best product," Schenker said, but added: "If I was another brand that had been making shoes for a long time, I'd be pissed."

Why Vaporflys work so well

nike black out

The Vaporflys' secret is their soles, which fuse a foam layer and carbon-fiber plate. The plate is curved under the front of the shoes, which helps quickly rock runners from their heels to toes as they land and push off again. Every aspect of that design is meant to minimize how much energy is lost per footfall.

Vaporflys also have a distinctive shape. Whereas most shoes have a somewhat rectangular, boxy profile, the Nikes look more like a tapered spearhead. Less than 4 inches at their widest point, Vaporflys have a razor-like heel.

The shoes' upper material is almost paper-thin — it's made of a water-wicking fabric called Vaporweave that Nike manufactures in a neon pallet.

"There's a reason Nike made their shoes bright green and pink — you can't hide that you're wearing them," Puzey said. "You can spot people running in them from a mile away."

IMG_1548.JPG

Still, the see-through fabric is conducive to being scribbled over in permanent marker.

"That's the way you lose a contract, trying to deceive people and blacking a shoe out," Puzey said. "Some people have gone so far as to take the upper part of their shoe and have it sewn onto the sole of another shoe."

How other companies are trying to compete with Nike

Puzey said he raced up to 50 times a year, all while running a physical-therapy practice in Flagstaff, Arizona. Prize money from running helps him support his family: his wife, Stephanie, and their three daughters.

"You put a lot of pressure on making sure you don't come home empty-handed," he said.

That's why he was so quick to notice the Vaporfly trend.

"People I'd competed against in the past, who I was noticeably faster than, were now finishing ahead of me," Puzey said.

World Athletics — the organization that governs international track-and-field events — noticed, too. The group launched an investigation to determine whether Vaporflys conferred an unfair advantage. But after months of deliberating, it came back with an answer in January: No.

That left competitors determined to hurry up and innovate.

Other athletic brands have come out with shoes whose soles use a foam and carbon-fiber combo like the Vaporflys — the list includes the New Balance Fuel Cell 5280, the Brooks Hyperion Elite, the Under Armour Hovr Machina, and the Hoka Carbon X.

But no independent studies show any of those shoes to be equal to Vaporflys.

"Nike put the white rabbit out for other shoe companies to chase," Puzey said.

nike black out

Representatives from six brands told Business Insider they either had already made or were working on developing products to ensure their athletes could compete with Nike.

An Under Armour representative, for example, said the company was working with athletes like Scullion to "develop best-in-class products for their respective sport." Colin Ingram, the director of product at Hoka, said he wasn't "super worried" about blacked-out Vaporfly shoes.

"Everyone's seen the pictures of this masked approach, but our athletes are fairly confident in what they're doing and the products they can run in," Ingram said.

Hoka One One Carbon X Sneaker

Schenker, however, said catching up with Nike was at the forefront of designers' minds at Craft.

"We aspire for Tommy to not have to wear blacked-out Nikes — that's going to be our new brand motto," he said.

Though the Olympics and nearly all marathons have been postponed until 2021 because of the coronavirus pandemic, Puzey is off the running circuit for a different reason: He was hospitalized with lung cancer last month.

He also tore his meniscus and hamstring in January, during the 23rd mile of the Houston marathon — the last opportunity for runners to achieve the requisite time to qualify for the Olympic trials in Atlanta. Until his injury, Puzey said, he was pacing for a marathon time two minutes faster than what he needed to qualify.

"It was the most comfortable I've ever felt at that stage of a marathon," he said, adding: "I think that if my trajectory would have continued, I hadn't gotten injured, and I continued to build on my fitness through Atlanta, I think I could've run 2:15 and maybe even high 2:14 in those Nikes."

That would have been three minutes faster than he'd ever run a marathon before.

SEE ALSO: Nike's controversial Vaporfly shoes are helping runners set records, but some think it's 'technology doping.' Here's how they work.

Join the conversation about this story »

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The machines USPS is removing from distribution centers can sort more than 36,000 pieces of mail per hour. Here's how they work.

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usps coronavirus

  • The United States Postal Service has been deactivating mail-sorting machines around the US ahead of the surge expected from mail-in voting this fall, reports say.
  • Each machine can sort up to 36,000 pieces of mail per hour. 
  • The machines sort letters, postcards, and other mail by bar code. 
  • Visit Business Insider's homepage for more stories.

Mail-sorting machines used by the United States Postal Service (USPS) have been dismantled and removed from distribution centers around the country, according to postal workers. They told Motherboard that at least 19 machines were removed without explanation. An internal USPS letter from June included a plan to remove hundreds of more mail-sorting machines this year.

Postal Workers Union members and some Democratic politicians have expressed concerns about changes to the USPS under Postmaster General Louis DeJoy, a major Trump donor who started his position this summer. President Trump has attacked the USPS and claimed that voting by mail has a high rate of fraud, without evidence. 

The USPS has more eyes on it than ever with continued mail-in voting forced by the COVID-19 pandemic. Here's how the sorting machines being removed from distribution centers work. 

SEE ALSO: The USPS is shutting down mail-sorting machines crucial for processing absentee ballots as the 2020 election looms

The machines removed from USPS distribution facilities were delivery barcode sorters (DBCS).



The machines read the barcodes on letters, postcards, and other items of similar size, and sort them.



The USPS says that each machine can sort 36,000 pieces of mail in an hour.

Source: USPS



DBCS is only for letter-sized pieces of mail. Magazines, packages, and other larger items are sorted by separate machines.



To operate most efficiently, a DBCS machine needs two workers: one to input mail into the machine, and one to gather mail after it has been sorted.

Source: Motherboard



They can run with just one worker, although more slowly.



Postal workers told Motherboard that it's not unusual for sorting machines to be moved between facilities or deactivated when there's less mail volume.



"When you take out one of the machines, it takes away our ability to respond to unforeseen things that may happen," Iowa Postal Workers Union President Kimberly Karol told Motherboard.

Source: Motherboard



While it varies by location, election-related mail is often sorted by hand.



The USPS estimates that it sends more than 142 billion pieces of mail each year, so an election with 250 million ballots wouldn't necessarily overload its capacity if ballots were spread out over a few weeks.

Source: Business Insider



Jack Dorsey says he adopted his strict routine of diet, exercise, and meditation after becoming CEO of Twitter 'just to stay above water' (SQ, TWTR)

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FILE PHOTO: Jack Dorsey, co-founder of Twitter and fin-tech firm Square, sits for a portrait during an interview with Reuters in London, Britain, June 11, 2019. REUTERS/Toby Melville/File Photo

  • Jack Dorsey said his strict diet, exercise, and meditation regimen is the result of taking on his second CEO position at Twitter. 
  • During an appearance on "The Boardroom: Out of Office" podcast hosted by NBA star Kevin Durant's manager, Rich Kleiman, Dorsey was asked why he's willing to put up with the stress of running two companies, Twitter and Square. 
  • Dorsey said he views the stress as a motivator and an opportunity to keep learning, but said it was also the catalyst for making major changes in his personal life. 
  • "When I went back to Twitter and took on the second job, I got super-serious about meditation and I got really serious about just dedicating a lot more of my time and energy to working out and staying physically healthy and looking more critically at my diet," Dorsey said. "I had to. Just to stay above water."
  • Dorsey's strict routine has been scrutinized in the past. He meditates for two hours each day and only eats one meal during weekdays before fasting all weekend. 
  • Visit Business Insider's homepage for more stories.

Serving as the CEO of two major corporations can add stress to anyone's plate — for Jack Dorsey, it was the catalyst he needed to make some major changes in his personal life. 

The Twitter and Square CEO described that period during an appearance this week on "The Boardroom: Out of Office" podcast, hosted by Rich Kleiman, cofounder of Thirty Five Ventures and manager of NBA superstar Kevin Durant. Kleiman asked Dorsey about his wealth — which tops $7.7 billion — and why he's willing to put up with the stress of running two companies.

"I don't really think about the money aspects of it, probably because all of my value is really tied up in these two companies," Dorsey said. "I have to sell shares in order to get access to any of that." 

Dorsey said that he views the stress as a motivator and an opportunity to keep learning. 

"I'm part of two companies that scaled doing completely different things, and I get to see this like, perspective in the world that I wouldn't have otherwise. It's just incredible," Dorsey said. "That's what really drives me and makes the stresses OK. It's also like, how to creatively adapt to all the new stresses. Every stress brings a new opportunity to bring on a new practice."

Dorsey said taking the helm at Twitter again in 2015 — while simultaneously running payments company Square — was the catalyst for adopting a new diet and exercise regimen. 

"When I went back to Twitter and took on the second job, I got super-serious about meditation and I got really serious about just dedicating a lot more of my time and energy to working out and staying physically healthy and looking more critically at my diet," Dorsey said. "I had to. Just to stay above water."

Dorsey said that the added stress actually "made everything in my life better" and that he's grateful he took it on. 

Dorsey is famous for having a regimented routine. He typically wakes up at 5 a.m., tries to meditate for two hours each day, and, prior to the coronavirus outbreak, walked to Twitter's headquarters every morning — a five-mile walk that Dorsey told Kleiman typically takes him an hour and 20 minutes. 

In the past, Dorsey has experimented with different diets, including becoming a vegan and trying the Paleo diet. Most recently, however, Dorsey has been fasting, eating only one meal on weekdays and then fasting all weekend. The strict eating regimen has been scrutinized by those who worry that it sounds like an eating disorder.

Regardless, Dorsey's stress-management routine has likely come in handy over the last five years, particularly in running Twitter. Most recently, Dorsey has had to fend off a near-ouster as CEO from activist investor Elliott Management and has taken a stand on tweets from President Donald Trump that violated Twitter's guidelines on glorifying violence and spreading misinformation about COVID-19

You can listen to Dorsey's full conversation with Kleiman on "The Boardroom" podcast

SEE ALSO: Jack Dorsey explains why wanting to work 20 hours a day to be like Elon Musk is 'bulls---'

Join the conversation about this story »

NOW WATCH: The rise and fall of Donald Trump's $365 million airline

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