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Wondering why your local hardware store held a Project X-style rager last night? The Supreme Court handed down a major ruling that gives states the authority to require e-commerce companies to collect sales tax on online purchases (a big win for brick-and-mortar). They weren't allowed to before? Nope. In 1992, this very same Supreme Court ruled that states could force retailers to collect sales tax only if they had a "physical presence" in the state. So while e-commerce companies sell goods all across the country, they weren't required to collect taxes unless they had a warehouse or an office in that particular state…
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How do we know this group is against public services and against state employees? Here is it in their own words:
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Facebook (+2.28%) will let some group admins start charging monthly subscriptions of up to $29.99.
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It's a small AI startup with about 40 employees. https://www.cnbc.com/2018/06/20/microsoft-buys-ai-start-up-bonsai.html
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Zuckerberg Is Instagram Straight Flexin’ The numbers are in...and? Instagram has officially passed 1 billion monthly active users (MAU). So be hard on the Zuck all you want, but just remember he now owns: Facebook: 2.19 billion monthly active users WhatsApp: 1.5 billion Messenger: 1.3 billion And of course, Instagram So it's no wonder Facebook shares jumped to a record-high $203 yesterday. As outspoken NYU professor Scott Galloway puts it: "Zuckerberg oversees the content and influence and mood of a community greater than Christianity, the southern hemisphere, plus India." And Insta didn't stop at 1 billion. It also announced the …
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I would rather live in Japan Japanese schoolchildren clean the school. It's totally normal and expected and starts from very early so they just do it automatically and with no fuss. You can see what it teaches them. IeoMPNc.mp4
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The World Health Organization (WHO) wants you to put down the controller. "Gaming disorder" is officially making its debut appearance in a new version of the U.N. org's International Classification of Diseases. What's gaming disorder? It's when gaming becomes so addictive it affects relationships and rational behavior. So basically, a drug. And just like a drug, gaming addiction can lead to anxiety, depression, and suicidal thoughts, according to the WHO. Not to mention the economic burden of being a "gamer" On the extreme end of the spectrum, there's Daigo—a 31-year-old with severe gaming disorder: he spent $70,000 on in-game purchases for…
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Square (+2.67%) got the regulatory stamp of approval to offer cryptocurrency trading on its Cash app in New York.
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NYT writer David Leonhardt grabbed his shovel, strapped on his oxygen mask, and went down the rabbit hole, analyzing an obscure Census dataset on the size of businesses in America. And when he emerged months later (slightly woozy, but coherent), he found an interesting trend: In 1989, small companies (fewer than 50 workers) employed 32.4% of American workers. In 2014? That fell to ~27%. Where'd they go? Huge companies. In 2014, firms with over 10,000 workers employed 28% of all workers, a big jump from 24% in 1989. Leonhardt paints the picture: "The hardware store has given way to The Home Depot. The local hospital and bank are owned by a chain. The s…
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It's been abandoned since 1988, but today, we get a glimpse of its bright future: Ford (+0.93%) bought the building in May, and it's announcing its ambitious plans in a celebration this morning. The company, which also bought up nearby properties, will eventually occupy 1.2 million sq ft in the station's neighborhood (called Corktown). The Corktown campus will be "an innovation hub for Ford's vision for the future of transportation." Why we're watching the livestream: Detroit native Big Sean will be performing. Bottom line: Michigan Central Station is more than a building—it's a symbol of Detroit's rise and fall...and current renaissanc…
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