Bezos and Buffet Announce AHS, 50 Million Hours, and Tinder Charges Old Folks More

It’s been a really interesting week in the tech news department. Samsung is now the world’s largest chipmaker, people are using AI to paste their favorite A-list celebrities’ faces on porn stars, and someone with big money calls Facebook, Google, and their ilk menaces to society. We don’t have time to report on it all, but here are some of the most interesting stories on First News 570 with Mark Starling. Listen in LIVE.

You can catch me an Mark Starling every Thursday morning at 643 am on WWNC, 570 AM.

BEZOS, BUFFET, AND A BLOKE FROM JPMORGAN TAKE AWS APPROACH TO HEALTHCARE
One of this week’s bigger news items is the announcement that Amazon will be partnering with investment firms Berkshire Hathaway and JPMorgan to form a healthcare company. We all know healthcare in the US is broken. We all have experiences with it. What’s interesting about this move is that Amazon is pursuing a strategy in which the company will be “free from profit making incentives and constraints.” Like many things Amazon has disrupted, the company will be tasked with revamping its own internal healthcare for its employees, see what works, and then bring it to market. We’ve seen this strategy work well for Amazon before, it’s called Amazon Web Services or AWS. After building a highly scalable cloud solution that could meet its customer demands, Amazon decided to sell this capability and make themselves into one of the Internet’s most profitable computing companies.
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FACEBOOK’S STOCK PRICE DROPS AS SOCIAL MEDIA USERS…DO SOMETHING ELSE
Facebook’s stock dropped by 4% yesterday to the affordable price of $179 per share after the big blue time waster reported that 50 million fewer hours a day were 6spent on Facebook at the end of 2017 than 2016. This amounts to the average Facebook users giving their eyeballs 2 minutes of rest away from the social network. Analysts say that investors are “spooked” that its users are spending their time away from the network. Coupled with Facebook tweaking the news feed to show more user content and clamping down on fake news, the amount of ad revenue Facebook receives may dip. Honestly if these companies made some innovating tech instead of relying on ad revenue I’d be more interested.
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FACEBOOK AND GOOGLE MENACES TO SOCIETY, SAYS SOROS
In a statement I don’t disagree with, in a speech to the World Economic Forum, George Soros there some serious shade on Google, Facebook, and other social networks stating that the platforms engineer addiction and like gambling may irrevocably harm society. As we already know, these menaces to society are known to cause depression among children and adults and the electronic platforms harm social engagement IRL. Furthermore, Soros claims that the governments of the world have let Google run a monopoly on search making it a king maker of sorts letting them choose the winners and losers in content. We know, search is broken, we know Google makes money by boosting links, and targeted ads in its products. He may have a point.
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TINDER LOSES SUIT IN CHARGING OLD FOLKS MORE FOR SWIPES
A California appellate court has agreed with a man who sued Tinder for charging him more for access to the service because he was over the age of 30. Allen Candelore, a man looking for love, decided to sue the dating service when the company charged him $19.99 to use Tinder Plus, instead of the slacker, millennial rate of $9.99. California’s appellate court ruled that charging fees based upon age violates a Civil Rights Act and an Unfair Competition Law. Tinder states that millennial have less disposable income to use on their service and more established and eligible daters like Mr. Candelore have more money to offer the service and a potential mate.
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