Spotify Reportedly Signs On to Support Facebook's New Cryptocurrency, the Libra

Spotify has reportedly jumped on the lengthy backers’ list for Facebook’s new project.

For more than a year, Facebook has quietly worked on a new cryptocurrency dubbed the Libra.  Now, the company has prepared to formally unveil the project this week.

Reportedly launching next year, the social media platform has signed up over two dozen companies who will back the Libra.  According to a leaked list from reputable crypto-news site The Block, supporters include Visa, Mastercard, Lyft, PayPal, and Uber, among many others.

One name, however, sticks out – Spotify.

Venture capitalists, along with the finance, e-commerce, and other companies, will invest $10 million each as part of a consortium.  The consortium – known currently as the Libra Association – will govern the digital coin, ensuring it remains ble and profitable.  Facebook has previously recruited the backers last month to fund the Libra, a crypto-based payments system.

Users, sources told the Wall Street Journal, would send the digital coin to each other.  They will also use the Libra to make payments on Facebook and other websites.

Facebook has yet to lock down agreements with all the major backers, however.  The sources added the consortium’s memberships may also change.

In addition, most major companies have no clue how the Libra will function exactly, nor its value.  Members remain concerned about how Facebook and its users will use the cryptocurrency tokens.  This includes potential money laundering and terrorist financing.

Member companies in the Libra Association may ultimately serve as nodes, allowing them to verify transactions and maintain financial records.  Facebook nor backers, including Spotify, would control the cryptocurrency.  Separating itself from the Libra would also add legal protection for the social media giant against potential liability over how its 2.4 billion users actually use the cryptocurrency.  Yet, Facebook may still “exert considerable control” of the Libra.

The social media giant reportedly wants at least 100 companies to back the Libra.  Other supporters include Stripe Inc. and Argentinian company MercadoLibre.  Facebook has also asked several member companies to back the Libra’s official introduction this week.

 


Featured image by MichaelWuensch (CC by 2.0).

Uber Can Now Suspend You For A Low Rating

Uber recently announced “Quiet Mode” fering all Uber Black and Uber Black SUV premium passengers the opportunity to ride in silence, without being asked questions from their drivers. Now just a few weeks later, the ride-sharing app has announced a new update that will ban passengers who have a low rating. American and Canadian guidelines have been updated that detail how riders with “significantly below average rating” can be suspended. 

“Respect is a two-way street, and so is accountability,” the ficial press release states. “Drivers have long been expected to meet a minimum rating threshold which can vary city to city. While we expect only a small number riders to ultimately be impacted by ratings-based deactivations, it’s the right thing to do.”

Uber Can Now Suspend You For A Low Rating
Scott Olson/Getty s

Riders will have several attempts to boost their rating before they get suspended. They will receive “tips on how to improve their ratings, such as encouraging polite behavior, avoiding leaving trash in the vehicle and avoiding requests for drivers to exceed the speed limit.” It’s unclear as to what score a rider must have to get banned, or how long the suspension will last. 

It’s probably best to be safe and not litter, force your driver to drive down a one-way or any other disturbing passenger tendencies. 

Uber Announces New "Quiet Mode" For Those Not Wanting To Talk During Ride

Everyone’s encountered a chatty Uber driver at least once in their life. Those rides where you just want peace and quiet to reflect and your driver bombards you with endless questions or even worse, they unload on you about something leaving you unsure how to respond. Well, the number users that have taken the time to let the rideshare app know how frustrating this can be have won since Uber has announced Quiet Mode.

Uber Announces New "Quiet Mode" For Those Not Wanting To Talk During Ride
DON EMMERT/AFP/Getty s

The new feature, that is only available in America and for Uber Black and Uber Black SUV premium, gives passengers the opportunity to choose from “Quiet preferred,” “happy to chat” or “No preference,” Tech Crunch details. The fact that Uber has only made the feature availbe for the more expensive rides is a smart move on their part since it will entice many to choose the more premium fering. 

“We’re looking to create more differentiation between the premium products and the regular products to encourage more trips,” Uber product manager Aydin Ghajar told the publication. However, the drivers don’t necessarily have to abide by the requests but they do need to understand that it may affect their rating. It’s not mandatory. The driver is an independent contractor. We’re just communicating the rider’s preference. The driver can have that information and do with it what they want.”

Uber & Lyft Drivers To Ruin Morning Commutes With Worldwide Strike

Reports by The Verge have announced an oncoming strike organized by Uber and Lyft drivers. The two-hour strike is set to occur around the world on Wednesday within several major cities such as New York, Boston, Los Angeles, and Philadelphia. The latter is done to stumble Uber’s stock market launch. Several labor groups have previously protested about Uber’s practices, deeming their payment and labor affairs as unsatisfactory. The workers are purposely planning to meddle with the ride-hail apps during the morning rush, an hour before Uber is set to open up to public markets.

Sources at the New York Taxi Workers Alliance confirm that the strike will occur from 7 to 9 AM. While Uber prepares to debut on public markets with a $90 million dollar valuation on the very same day. Sonam Lama, a long-time Uber driver comments: “The gig economy is all about exploiting workers by taking away our rights. It has to stop.” As such, even presidential candidates have spoken out on the organized strike. Bernie Sanders commented his Twitter, fering support to the Uber and Lyft drivers in their protest efforts. 

In Uber going public, the company declared with the US Securities and Exchange Commissions that dissatisfaction reports are likely to ensue from its worker as the company will be looking into reducing driver’s pay. 

Adidas Almost Reaches $1 Billion In Operating Profits Through Q1

Adidas is one the biggest sportswear companies in the world and its clothes and shoes are constantly being worn by some the best and biggest athletes in the world. With a reputation for high standards quality and design, it’s no surprise that Adidas had a successful first quarter to 2019 and even exceeded their sales projections.

According to data from S&P Global Markets Intelligence, Adidas surpassed its estimated operating prits by 10 percent. Forecasts had Adidas’ operating prits at $888 million, although the brand was able to reach $978 million coming in just under $1 billion. As far as sales are concerned, Adidas racked up $6.6 billion globally. It is said that these increases were thanks to increases in the Chinese market while online sales also went up.

Adidas Almost Reaches $1 Billion In Operating Prits Through Q1

Adidas CEO Kasper Rorsted Alexander Scheuber/Getty s For DFB

Over the past year, Adidas’ stock has risen 25 percent despite their growth slowing down in Europe and the United States. According to Hypeabeast, the company has been experiencing some supply chain issues when it comes to mid-priced apparel, although the issues haven’t prevented Adidas from enjoying quite a bit success.

Perhaps one the reasons for the increase in sales is the fact that Kanye West‘s Yeezy brand has had a considerable amount drops this year which have generated plenty hype, while also creating enough stock to satisfy the demand.

Uber Apologizes After Getting Dragged To Filth For Racist Tweet

Uber found itself in a flaming, hot seat when a racist tweet posted on behalf hit the web. The transportation service’s Twitter support account basked in controversy after an unknown worker replied to a customer complaint about a bad driver experience. The support account followed up on the customer by sincerely apologizing for the occurrence, but things quickly went left when the Twitter account referred to the client as a vile, racial slur. Though the tweet was since deleted, social media still got their hands on it and in response, crushed Uber to bits.

Uber took it to their ficial Twitter account to issue an apologetic statement: “We’d like to sincerely apologize for the fensive tweet that was sent earlier. We’re investigating what happened to make sure it doesn’t happen again.”

According to Mashable, who attempted to get an explanation as to how the latter occurred, no responses were given by Uber representatives. Though, a theory states the account which initiated the complaint was a troll which purposely changed his username to the N-word in order to prompt the ensuing automated response from Uber Support’s bot system. Nevertheless, the company should be extremely cautious anything like that happening in the first place. 

Sophie Turner Says She Considered Suicide During Early "Game Of Thrones" Criticism

Sophie Turner is one the leading ladies in HBO’s beloved cult series Game Thrones. The 23-year-old has been with the series from its debut in 2011 and although she loves her job, she recently opened up to Dr. Phil on his podcast about the hard times she endured as a teenager going through puberty and dealing with public criticism.

“I was so in love with working on ‘Game Thrones’] … I couldn’t believe I was going to get paid for it … Everything was incredible, it only started to go downhill I think when I started to hit puberty and really puberty at like 17 and my metabolism was slowing down massively and I was gaining weight,” Turner told Dr. Phil on his podcast, adding, “and there was the social media scrutiny and everything and that was when it kind hit me.”

Sophie Turner Says She Considered Suicide During Early "Game Of Thrones" Criticism
James Devaney/Getty s 

Sophie detailed how she suffered from depression for about five or six years and it paralyzed her, leaving her with challenges with getting out bed and seeing friends. 

“It’s weird. I say I wasn’t very depressed when I was younger, but I used to think about suicide a lot when I was younger. I don’t know why though,” she explained. “Maybe it’s just a weird fascination I used to have, but yeah, I used to think about it. I don’t think I ever would have gone through with it. I don’t know.”

As for now, Sophie says she has more self-love than before and her fiance Joe Jonas has helped her see her “redeeming qualities.”

Diddy Reveals His 2019 Mood: Shouted Pep Talks & Dancing

Sean “Diddy” Combs ten reminds his followers the probabilities a conscious life can convey in spite  its slopes and peaks. He’s all concerning the hustle, grit and good vibes. While the music mogul continues to be reflecting on the loss his youngsters’s mom, Diddy appears to have reverted again to his tendency sharing optimistic content material that locations his exuberance in prominence.

His newest fering options some good outdated Puff dancing. The exec paired the clip with an explanatory caption: “If Monday’s don’t make you are feeling like this you’re on the improper job!”

The weekend held a special temper, although. Apparently, if Puffy ain’t dancing, he is ensuring his workforce is placing in work so he can get again to dancing. Diddy channeled that Kanye-like vitality to share his enterprise temper for the 12 months. “I obtained an excessive amount of genius shit that the world must see and really feel,” he exclaimed. “That’s why I pay all people so I may to much less work, trigger that is the hustle.”

“You all do not know that is the hustle? You pay all people so you do not do shit! But be as comfortable as you may be,” he continued. “I wanna be comfortable. I pay too many individuals.”

“That means i do not wanna do shit…however stroll round this motherf*cker,” he concluded with a huff.

Conan O’Brien Says He’s Inbred: DNA Test Results Shocked His Doctor

Conan O’Brien stopped by The Late Show with Stephen Colbert for a chop up along with his fellow comic. During the dialog, Conan revealed some enjoyable information about his genetics. The entertainer recalled requesting a DNA check like many individuals have been doing due to inexpensive kits out there on-line. Conan accepted his physician’s fer to course of his DNA to study his heritage. The check yielded stunning outcomes.

“Two weeks later the physician] known as me up,” O’Brien, 55, defined. “He mentioned, ‘I’ve by no means, ever, ever had a DNA check like this earlier than and I’ve been doing this for 10 years.’” Apparently, he is 100% Irish. This is stunning contemplating that Irish individuals who really stay in Ireland have a extra numerous genetic make-up “You will discover out that essentially the most Irish wanting persons are like 86% Irish, 94% Irish,” he remarked. “The Lucky Charms leprechaun, true truth, 11% Spanish.”

His physician make clear the outcomes, merely stating: “That means your inbred.”

O’Brien additionally mentioned his expertise with puberty was uncommon, incomes him a “disproportionate” physique. “When I used to be 14-years-old I had an enormous progress spurt. I went to six”four in a single day,” he mentioned.” My legs grew and grew and my torso by no means did. I’ve the legs an NBA heart and the torso somewhat lady.”

Soulja Boy Embraces Transition From "Soulja Boy" To "Soulja Man"

It’s solely doable that getting Super-Smash-Bro’ed by Nintendo and their authorized eagles put the worry God in Soulja Boy. It may need been his involvement in a mudslide-driven automobile accident that triggered the epiphanic response. Either manner, Soulja Boy has come ahead with a renewed sense perspective. Taking to Twitter, the rapper claims to have undergone a transition types, not not like the literary heroes in all of your favourite “bildungsroman.” Forget Soulja Boy. Those days are behind him. Behold, the start Soulja Man, rising Paimon-esque from the shells a thousand discarded SouljaRecreation consoles.

One has to surprise if this transition marks the top his youthful exuberance and hare-brained schemes. After all, they had been an integral half his attraction, and it could be a disgrace to see Soulja endure such a drastic case ego demise. Yet the thought a renewed, centered, and mature Soulja Boy brings forth a universe prospects. Whatever will the newfangled “man” rise up to subsequent?

Tencent Music Will Go Public on December 12th

Tencent Music has lastly filed its IPO paperwork — and pegged a debut date.

Spotify’s profitable direct itemizing on the New York Stock Exchange has impressed a number of corporations to pursue IPOs on Wall Street.  These embody Uber, Lyft, and Airbnb.  In the music area, the checklist additionally consists of Chinese conglomerate Tencent Holdings.

Earlier this summer season, the conglomerate’s music division, Tencent Music Entertainment (TME), interviewed potential underwriting banks.  TME quickly reached an settlement with Goldman Sachs and Morgan Stanley to underwrite the corporate’s IPO.

Jameis WInston Reaches Settlement In 2016 Groping Case

Tampa Bay Buccaneers quarterback Jameis Winston has reportedly reached a settlement with the lady generally known as “Kate P,” who claims he groped her in her Uber car again in March 2016. According to ESPN, the “events are within the course of finalizing a settlement settlement” and it’s believed that the method will conclude in about 10 days.

The alleged incident first surfaced in November 2017, after Buzzfeed printed a report detailing Kate P’s allegations. According to the report, Kate says she picked up Winston and a few pals in Scottsdale, Arizona at round 2am in March 2016, and the Bucs QB hopped within the entrance seat. 

While ready in line on the drive-thru Los Betos Mexican Food, Jameis allegedly reached over, grabbed her crotch and “held his hand there for 3 to 5 seconds” and eliminated it solely after she regarded up in shock and stated, “What’s up with that?”

Winston denied touching the lady inappropriately, however an eight-month NFL investigation concluded that he engaged in detrimental conduct that evening by “touching the driving force in an inappropriate and sexual method with out her consent and that disciplinary motion was vital and applicable.” 

As a outcome, he served a three-game suspension to begin the season, costing him $124,411 in sport checks.

The New "Lion King" Vs. The Original: A Side-By-Side Comparison

In the final month, Disney has been going wild throwing teaser trailers into the world for what persons are calling “reside motion” remakes some their traditional animated movies. The teasers together with Aladdin, Dumbo and, most significantly, The Lion King. Although Dumbo and Aladdin do have human actors in them, the brand new Lion King is, in step with old-school Disney earlier than the owned most manufacturing corporations, very a lot an animated film.

Many followers will little doubt be disenchanted by the brand new movie’s look which, compared to the unique’s breathtaking colors, is fairly drab. Although, what are you able to probably do to measure as much as such a genre-defining traditional that holds such expensive place within the childhood nearly each North American below the age 30, and even 40.

A Spanish YouTuber, Sowick, edited collectively photographs from the unique to match the brand new trailer (“a ‘classic’ model the brand new one, with the outdated look and pictures”) and the ensuing similarities serve, ultimately, to underscore the variations between the 2.

The new Lion King will launch in summer time 2019 on July 19th, solely 4 days earlier than the start the season the Leo. Coincidence? Watch the total comparability beneath:

New "Black Mirror" Board Game Gets You To Rate Your Friends

Black Mirror has change into nicely often known as a present that finds or makes apparent the extra sinister features expertise which might be turning into increasingly out our management. It is particularly adept at extrapolating from a present expertise to a futuristic, close to apocalyptic iteration it. However, they’re now taking it to a brand new degree. Instead predicting the longer term, they’re making it occur in peoples’ dwelling rooms, round their cfee tables. 

The new Black Mirror board sport is known as “Nosedive” and is predicated on the episode the identical title. The authentic TV episode exaggerated our present system “liking” and “reacting” to issues on social media and changed it with an all-pervasive rankings system that was unavoidable and necessary for all individuals. It’s not far f from the power to charge an Uber journey. The rankings within the episode stand in for the purpose at which class and social clout meet and illustrate how class fortifies and enforces itself. 

This rankings system is transplanted to the sport, the place you charge your pals in individual. The sport comes with playing cards, a small board and a few Sorry-like items and can also be accompanied by an app. Apparently, it should consist “mild social and strategic gameplay that’s participating, interactive and accessible for brand spanking new gamers.” Good luck conserving your pals. New "Black Mirror" Board Game Gets You To Rate Your Friends

Donald Trump Thinks People Need Voter ID To Buy Cereal

Many the senatorial and gubernatorial races within the current American midterm elections had been so shut as to advantage a recount (like in Florida) or perhaps a runf (like in Mississippi). The scrutiny that is come out these shut races is intense and has led to criticism from each pink and blue.

Here is the president’s tackle it:

This sounds plainly ridiculous to anybody, no matter occasion you help, particularly contemplating the truth that Trump adopted that assertion up with this:”in case you purchase a field cereal—you will have a voter ID. They attempt to disgrace everyone by calling them racist, or calling them one thing, something they’ll suppose , whenever you say you need voter ID. But voter ID is a vital factor.” Clearly Trump has by no means shopped for his personal groceries. 

It reaches a brand new stage absurdity when you think about a Republican like Brian Kemp, who’s at present within the center a vote recount and lawsuit in Georgia. In Trump’s view “that is as a result of probably unlawful votes,” however Kemp is the one on the fallacious facet the legislation: he stayed in his place because the states prime election ficial whereas he ran within the state’s election and he enacted what the Washington Post known as, “restrictive legal guidelines and insurance policies that rejected tens hundreds voter registrations and purged greater than 1,000,000 from the voting rolls.” Many these insurance policies had been “stopped by the courts as a result of they had been discovered to be in violation the federal Voting Rights Acts.”