Uber faces more challenges in the UK, YouTube scrambles to make YouTube Kids less weird and Nvidia kills it again in earnings. All that and more in The Daily Crunch for November 10, 2017. 1. Uber loses UK appeal over classifying drivers as contractors Uber has lost an appeal with the Employment Appeal Tribunal, meaning the ride hailing company still has to treat its drivers as employees, entitling them to benefits including holiday pay and minimum wage rates. This is a setback for Uber, on top of its existing troubles in London, but it's still going to appeal the decision further. 2. YouTube will crack down on bizarro kids videos This week, a couple of reports highlighted the weird and frightening world of YouTube videos leveraging popular kids characters to target them with unsettling messages. The Google-owned streamer is now going to take steps to block this content from getting into YouTube Kids using age-gating. 3. Nvidia had another stellar quarter Nvidia is crushing it, in the parlance of finance bros. The GPU maker is riding high on AI's rise, as well as the success of the Nintendo Switch, and growth in its other GPU-focused sales areas, too. 4. PayPal gets into crowdfunding PayPal wants people to pool their money using Money Pools, which is basically a way for people and groups to easily crowdfund cash for virtually any purpose. 5. Star Wars is getting a brand new movie trilogy Thus far, the revitalized Star Wars cinematic universe has focused on the continuation of the Skywalker saga, as well as a few one-off stories. Now, however, we know that there will be another grand trilogy, and that it'll be run by Rian Johnson, the director of Star Wars: The Last Jedi. I'm into this. 6. Musical.ly gets acquired by China's Toutiao Musical.ly has been a hit as a lip-syncing app, especially among kids, but now it's being acquired for between $800 million and $1 billion. The plan is to keep growing the app as an independent business after the acquisition, so worry not, teens. 7. Facebook's not so great Events app just became a Yelp competitor It seems like Facebook is shoring up its ability to offer services and other value-add stuff independent of its world-spanning social network now that the shine is starting to come off that Apple. Also, one Yelp is probably enough tbh. |
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