Welcome to a new season of Invisibilia! The NPR program and podcast explores the invisible forces that shape human behavior. Episode 3 involves two brothers who are happy about the polite, helpful tenant who moves into their mother’s house, until they start to suspect he has sinister motives. Here at Shots, we are exploring the main theme of the story — the things left unsaid, and the havoc they can cause on your personal relationships — with an essay by behavioral scientist Nicholas Epley.The average human brain contains roughly 100 billion neurons, each of which is attached to thousands of other neurons, meaning that another person’s brain is likely to be the most complicated thing you will ever think about. And yet, despite this dizzying complexity, you and I routinely guess what’s going on in the mind of other people almost as easily as we breathe.It takes only a split second to form an impression about another person’s intelligence or intentions, guess what our spouse or a homeless person is feeling, and predict what a political opponent is thinking. You can even leap quickly to conclusions about people in situations you’ve never experienced before, from what’s going on in the mind of our president to the mind of a homeless person begging for food. Making judgments about another person’s mind is easy. Making judgments accurately, however, is hard. In fact, our research indicates that it is surprisingly hard.Consider, for instance, an experiment that Tal Eyal, Mary Steffel and I conducted that put people’s beliefs about their mind reading abilities to the test. We recruited people who we thought would know something about each other, namely romantic couples. These couples had been together for an average of 10 years. Fifty-eight percent were married.One person in each couple played the role of Responder, reading 20 statements and reporting how much he or she agreed with each one on a scale ranging from minus 3 (strongly disagree) to 3 (strongly agree). These statements included, “I would like to spend a year in London or Paris,” “I would rather spend a quiet evening at home rather than go out to a party,” and “Our family is too heavily in debt today.”The other member of each couple played the role of Predictor, guessing how his or her partner would respond to each statement, and also predicting how many of the statements he or she guessed correctly. Think of this as something like The Newlywed Game for science.Our Predictors believed they guessed an average of 13 items out of 20 exactly correctly. In truth, the task was much harder than our predictors expected. They actually guessed only five, on average, correctly.The problem with our inferences about others is not incompetence, but hubris. We tend to think we understand each other better than we actually do.So what’s a person trying to understand the most complicated thing on this planet to do? Dale Carnegie offered a suggestion in 1936: Principle 8. In what has become the Bible of social relations, How to Win Friends and Influence People, Carnegie describes his eighth principle as a method that will “work wonders” for you: “Try honestly to see things from the other person’s point of view.” That is, do some perspective-taking.Even if you never read Carnegie’s book, his suggestion has a powerful ring of common sense to it. Indeed, the vast majority of people we surveyed predicted that actively adopting another person’s perspective would help them understand another person better in a variety of ways, from understanding another person’s reaction when looking at a picture to predicting movie preferences.Our research, however, suggests that this bit of common sense is at least somewhat mistaken. When we tested the impact of perspective-taking on accuracy in a series of 25 experiments we recently published, we found no evidence that actively considering another person’s perspective systematically increased accuracy.If anything, perspective-taking tended to decrease accuracy, including in the romantic couples study I described earlier. This experiment included another condition in which one member of each couple was asked to put themselves in their partner’s shoes before predicting their partner’s responses. This perspective-taking actually decreased accuracy compared to the control group I already described, but it slightly increased the number of items these perspective-takers thought they had predicted correctly. Perspective-taking may work some wonders for your social life, but understanding another person better does not seem to be one of those wonders.Instead, accurate insight reliably comes only when you actually gain knowledge about what it is like to be another person. We refer to this as perspective-getting, as opposed to perspective-taking. The easiest way to get another’s perspective is by simply asking them to describe what’s actually going on in their minds in a context where they can report it both honestly and accurately.This solution may seem painfully obvious, but it is not so obvious to people who are in the midst of actually using it. The romantic couples study I’ve described included another condition in which predictors were given a chance to ask their partner to report their feelings about each of the statements before predicting how he or she would respond. This increased accuracy dramatically, even though those who asked did not have any more confidence in the accuracy of their judgments than those who guessed their partners’ reactions. Even those who take the right approach to understanding the mind of another person — asking directly and listening carefully — seem unaware of how much they had learned.True insight into the minds of others is not likely to come from honing your powers of intuition, but rather by learning to stop guessing about what’s on the mind of another person and learning to listen instead.Nicholas Epley is the John Templeton Keller Professor of Behavioral Science at the University of Chicago Booth School of Business. He is the author of Mindwise: Why We Misunderstand What Others Think, Believe, Feel, and Want. Copyright 2018 NPR. To see more, visit http://www.npr.org/.
Tesla Tesla Model 3 Moves to 24/7 Production Yesterday, it was revealed that Tesla intended to stop Model 3 production for up to five days. The reason given was to improve automation. However, a letter sent by Elon Musk to employees reveals the real reason for the pause in production: Tesla is upgrading the plant for round the clock production from next week.As Electrek reports, in the letter Musk confirmed that Model 3 production had reached 2,000 per week, which is double that attained in January. The goal is to reach 5,000 per week no later than June 30, but in order to achieve that and allow for a margin of error, Musk is setting the new goal of 6,000 per week by that date.Going from 2,000 to 6,000 in just over two months would be very optimistic if not for the fact Tesla is also introducing another shift to the production line, meaning the Model 3 will be manufactured 24/7 in Fremont. Tesla’s general assembly, body and paint teams will all add a third shift and require more people. Tesla is expecting to employ an extra 400 people a week for several weeks across its entire operation to help support that.The letter goes on to talk about improving the build precision of the Model 3 to exceptional standards and how Tesla needs to become profitable. With that in mind, “we will be far more rigorous about expenditures” and all contracts with third-parties will be reviewed. Musk describes the contractor situation within Tesla as being like a “Russian nesting doll” and that some perform “worse than a drunken sloth.” So expect some big changes on that front soon.There’s a suggestion of one more pause in production during May for further upgrades, but beyond that Model 3 production just got serious. Six-thousand by the end of June does indeed look achievable if 24/7 production works without a hitch. That also means the dual motor version could still happen in July. Next Article Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Matthew Humphries Elon Musk is serious about reaching 6,000 cars per week by June. Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Image credit: via PC Mag Add to Queue This story originally appeared on PCMag –shares Senior Editor 2 min read April 18, 2018 Enroll Now for $5
Journalist Benjamin Kabin Technology July 17, 2013 Free Webinar | July 31: Secrets to Running a Successful Family Business Opinions expressed by Entrepreneur contributors are their own. Add to Queue Register Now » Discount-of-the-day site LivingSocial is closing its Fifth Avenue office in New York City and eliminating its local events division, leaving 30 full-time staffers without jobs.Remaining New York staffers in its sales and advertising department have been asked to work from home. Once all local events in New York are completed by Oct. 1, the company plans to lay off dozens of part-time employees.The news, confirmed by TheNextWeb, comes less than a month after the company shuttered its Seattle office, where it also asked displaced employees to work remotely.The deals site stressed that these changes are not part of a cost-cutting effort but “a decision geared towards achieving profitability.” LivingSocial said that larger events have been more lucrative than the niche ones offered by the local-events division. Meanwhile, the company said it plans to create 50 new jobs for its call center in Tucson, Ariz.Last November, LivingSocial laid off 400 employees, mostly in the U.S., in an effort to “streamline” its sales and editorial departments. Groupon, another big daily discount site, saw massive layoffs in 2012 as well, cutting 648 jobs over a six-month period.Related: What Happens When Startups Grow Too Fast –shares Struggling Deals Site LivingSocial Kills Events Group, Closes New York Office Image credit: blog.buyometric.co.uk Next Article 1 min read Learn how to successfully navigate family business dynamics and build businesses that excel.
Xpressdocs Acquires Amazing Mail, Expands Direct Mail API Capabilities PRNewswireJune 12, 2019, 6:42 pmJune 12, 2019 Xpressdocs Partners, Ltd, a Texas based provider of tech-enabled direct marketing and brand management solutions announced the acquisition of Amazingmail, an Arizona based provider of direct mail solutions.This acquisition, under which Amazingmail will operate as a 100% owned subsidiary of Xpressdocs, brings together two industry leaders specializing in high quality product offerings and cutting-edge marketing solutions. The complementary nature of the companies’ service offerings creates numerous opportunities for mutual business growth and an expansion of direct mail API capabilities for Xpressdocs.Marketing Technology News: Crimson Agility Receives Two Nominations from Magento“We are very excited to be joining forces with Amazingmail. When you look at their portfolio of great products and how their focus on innovative technology and marketing automation has led to them creating a world class experience for their customers, it just made them an ideal fit for Xpressdocs,” said Jim Wright, Chief Executive Officer of Xpressdocs.Danielle Stiehl, President and Chief Executive Officer of Amazingmail, also commented, “This acquisition provides Amazingmail with the opportunity to offer an expanded set of products, services, and support to our customers by leveraging Xpressdocs’ expertise in enterprise marketing solutions. We look forward to the future and what we can produce as members of the Xpressdocs’ family.”Marketing Technology News: DAA Announces Enforcement Deadline for ‘Political Ad’ Guidelines and Transparency IconAmazingmail will continue to operate in Phoenix, AZ under the Amazingmail brand with the current management team remaining in place and continuing to run daily operations.Xpressdocs is a Falcata Capital portfolio company. Woodbridge International served as exclusive financial advisor to Amazingmail.Marketing Technology News: SentinelOne Announces $120 Million Series D Amazing MailDirect Mail APIdirect marketingNewsXpressdocs Previous ArticleAppSheet Expands Management Team, Adds Veteran Tableau ExecsNext ArticleCopper Partners with DocuSign to Enable Small Businesses to Accelerate Business Decisions
Cleo’s Latest Release Helps Organizations Optimize the Order-To-Cash Process to Drive Increased Value Across Their External and Internal Ecosystems for Unified Commerce and Trading Partner TransactionsCleo, the global category leader in ecosystem integration software, announced general availability of the latest Cleo Integration Cloud platform release, which strategically builds out e-commerce innovations to further optimize critical order-to-cash, procure-to-pay, and other supply chain processes driving the modern enterprise.@CleoNeverStops announces enhanced #ecommerce integration capabilities in Spring Release to deliver seamless #ecosystem experiences #ecosystemintegrationCleo’s latest release focuses on driving seamless experiences for internal user personas and external trading partners when delivering end-to-end transactions. To differentiate their brands and stay competitive, businesses must deliver reliable, accurate, and timely data for all process stakeholders – inside and outside the company – and the latest Cleo Integration Cloud enhancements support that journey. New capabilities bring additional visibility through real-time operational insights and “smart” integration functionality to help businesses accelerate creating their business-critical workflows to rapidly meet customer expectations.Marketing Technology News: Zeno Media and ADORA Cooperate on Strategic Marketing and Mobile App Content for Diaspora ListenersCleo Integration Cloud – Spring 2019 Release HighlightsCleo Integration Cloud is a single-platform ecosystem integration solution available as a service in public and private cloud deployments that enables companies to connect, transform, integrate, orchestrate, and analyze end-to-end business processes, such as order-to-cash and procure-to-pay, across internal and external ecosystems of applications, systems, marketplaces, and trading partners. Highlights of the latest release include:Smart Integrations™: Cleo’s latest release enhances an organization’s capability to optimize end-to-end business processes by using Cleo’s Smart Integrations – prebuilt or templatized workflows that enable organizations to rapidly onboard applications by automating multi-enterprise integration components of critical end-to-end business processes such as order-to-cash, procure-to-pay and many others.Persona-based insights: Real-time visibility of content and business context for a variety of internal and external user personas. Cleo Integration Cloud provides an easy way to consume integration workflow data without needing to create custom reports or manually collect data from multiple systems to get consolidated views – regardless of a user’s role.Executive teams get a global view of all revenue-generating transactions in a single, consolidated dashboard to optimize and uncover new growth opportunities.Line-of-business managers can onboard trading partners faster, assess the health of existing relationships quickly, and proactively act on errors through “one-click” transaction reprocessing.Integration specialists and technical teams can easily manage the key revenue driving integrations for the organization, with the ability to view, interact, and manage end-to-end integrations that connect business partners, applications, and data to their internal enterprise ecosystems.Customers, partners, and suppliers can now be given access to transaction data directly in the Cleo Integration Cloud platform. The intuitive user experience enables proactive issue resolution and centralized exception management visibility – making Cleo Integration Cloud the industry’s first integration platform supporting ecosystem enablement and accelerating collaboration for external constituents. Application integration connectors: Cleo has added a host of new application connectors designed to accelerate time-to-value by automating key parts of the order-to-cash or procure-to-pay processes. WooCommerce, SAP S/4 Hana Cloud, and others are the latest additions to Cleo’s expansive connector library. Such connectors further improve a company’s ability to quickly integrate end-to-end business processes with off-the-shelf support for e-commerce, payments, finance and ERP applications that span multi-enterprise ecosystems.Marketing Technology News: Adaptive Ad Systems Completes Installation of New Ad-Insertion Equipment on National Cable TV Systems Adds 40,000 Additional SubscribersThe Ecosystem Integration ImperativeA modern approach to business, ecosystem integration prioritizes the designing, deploying, operating, and optimizing of end-to-end processes between internal and external systems, customers, and partners that drive core revenue generation. The latest updates to Cleo Integration Cloud further underscore the value of an “outside-in” approach to understanding how and where value can be created for businesses in any industry in which order-to-cash, procure-to-pay, and other end-to-end processes are critical for growth.What Cleo customers get from these enhanced capabilities, then, are more predictable business outcomes, better trading partner relationships, and the ability to provide better experiences for all stakeholders, inside and outside the company. Cleo customer Charlie’s Produce, the largest independent west-coast wholesale produce distributor, was looking to modernize its legacy solutions and better serve its customers and vendors.Charlie’s Produce EDI Analyst Louie Brothers said the company was looking for a better way to handle non-EDI transactions and speed up trading partner onboarding. That’s when it migrated its B2B integration to Cleo Integration Cloud. “By partnering with Cleo, we were able to migrate trading partners from our legacy system to the cloud and can onboard new partners more quickly,” he said. “We can now accept and transform almost any data format, and we have real time visibility into all data transactions. Cleo Integration Cloud provides the scalability, reliability, and 24x7x365 support to ensure we are accelerating end-to-end business processes and proactively meeting all new and existing customer requirements.”Jason Bloomberg, president of Intellyx, an industry analyst firm familiar with Cleo’s offerings, said, “Cleo offers pre-built core business processes like order-to-cash and others, thus giving its customers a straightforward approach to optimizing their core process while solving both B2B and internal integration problems.”Cleo CEO Mahesh Rajasekharan highlighted the need for businesses to deliver top quality unified commerce experiences, especially as manufacturers, retailers, and other organizations adopt new sales channels, expand their reach, and continue to compete with the “Amazon effect.”Marketing Technology News: Leading Associations Turn to ON24 for Member Engagement and Revenue Growth“All told, our latest release of Cleo Integration Cloud is packed with new capabilities and is without question our most innovative to date,” Rajasekharan said. “Our focus on user experience for internal and external personas enables Cleo customers to deliver unified commerce in ways that create value throughout their ecosystem. They’re effectively able to rise up and meet the challenges and opportunities that the Amazon effect has created for every industry, and they’re providing experiences that not only meet but exceed the expectations of all their key integration process stakeholders.” Cleo Integration Cloud Enhances E-Commerce Integration Capabilities to Deliver Seamless Ecosystem Experiences Business WireJune 24, 2019, 6:38 pmJune 24, 2019 CleoCleo Integration Cloude-commerce innovationsecosystem integration softwareMarketing TechnologyNews Previous ArticleCloudscene Launches Enterprise Tool to Find Cloud Connectivity Routes WorldwideNext ArticleWPP and iHeartMedia Launch ‘Project Listen’
Baidu Showcases Major Advances in AI Assistant Ecosystem with DuerOS 5.0 and New Product Innovation Globe NewswireJuly 3, 2019, 12:27 pmJuly 3, 2019 Baidu, Inc. unveiled DuerOS 5.0, the latest iteration of its conversational AI system, at Baidu Create 2019 in Beijing. The upgrade advances the development of its AI assistant technology that powers a rapidly-expanding ecosystem of smart hardware products. Baidu also showcased three new DuerOS-powered smart speaker additions to its product lineup, further strengthening its innovative consumer offerings.Baidu’s upgraded conversational AI assistant, DuerOS 5.0, pushes the burgeoning AI technology forward with two major new features. Integrating AI into real-world applications, a new ‘full-duplex’ feature allows Xiaodu to respond without the need for a wake word, creating a continuous conversation experience for users. Further underscoring Baidu’s pioneering vision for exceptional user experiences, DuerOS 5.0 also introduces a key feature that enables Xiaodu to recognize in sync when to reply and execute tasks and when to just listen and not to respond or react. The overall experience brings a seamless integration of AI to life, generating a more natural human-machine interaction.Robin Li, Baidu’s co-Founder, Chairman and CEO, took to the Baidu Create stage and amazed attendees with a demo of Xiaodu’s new “continuous conversation” ability and its “super-high IQ”. Li said that, with the two new features, Baidu has taken a huge step forward in voice interaction experience to realize smooth human-machine communication without the hassles of constantly having to wake up devices or getting interference from conversation.Marketing Technology News: Constant Contact Unveils New WooCommerce and Shopify Offerings at 2019 Internet Retailer ConferenceKun Jing, Vice President of Baidu and General Manager of Baidu Smart Living Group (SLG), officially kicked off the launch of DuerOS 5.0 and the three new Xiaodu series smart speakers at the conference. In his keynote, he said that, as of June 2019, the DuerOS voice assistant install base has surpassed 400 million and monthly voice queries on DuerOS exceeded 3.6 billion (not including those from Baidu’s apps).As an entrance and hub for a connected world, smart speakers hold an increasingly integral position in Baidu’s smart living revolution. The launch of three new Xiaodu smart speakers further accentuates Baidu’s efforts to drive transformation in this fast-growing segment. The new devices include Xiaodu smart speakers “King Kong” , “Play” and the “Xiaodu at Home 1C 4G” battery version. All three devices are priced competitively at RMB199, demonstrating Baidu’s commitment to enabling more families to enjoy smart living affordably.Xiaodu smart speaker “King Kong”, rolled out in early June, brings a premium and sophisticated design, complete with infrared control and DLNA projection screen technology that can instantly turn the device into a TV. Xiaodu smart speakers have also joined forces with iQiyi, whose AI projection technology powers a voice-controlled video experience. Responding to user demand for a more expansive smart speaker experience, Baidu developed its first mobile smart speaker, “Xiaodu at Home 1C 4G” battery version. The portable device runs without needing to connect to a power source, supports Nano SIM cards and can even serve as a mobile hotspot, allowing users to take Xiaodu’s AI with them anytime, anywhere. Xiaodu smart speaker “Play” was specially designed with innovative features that cater to younger generations.Baidu’s technological strength in AI software-hardware integration has quickly translated into commercial success. According to data from three independent market research firms including Canalys, shipments of Xiaodu smart speakers ranked third globally and first in China for Q1 2019.Marketing Technology News: CoSchedule Launches Marketing Suite to Transform the Way Marketers WorkUnderpinning the company’s commitment to openness, Baidu’s Xiaodu Skills Open Platform has also seen explosive growth, with the number of skills growing by 300%, the skill PV by 1,926,523%, the skill types by 126% and the next-day skill retention rate by 200% between May 2018 and May 2019. Currently, the Xiaodu Skills Open Platform counts more than 32,000 developers and over 2,000 wide-ranging skills.Further showcasing Baidu’s ecosystem of offerings, Kun Jing announced the official launch of Xiaodu VIP, which offers two joint membership models – ‘Xiaodu x iQiyi’ and ‘Xiaodu x brand’. The new VIP membership is part of Baidu’s business transformation that harnesses the power of user experience through AI by allowing users and brands to interact effortlessly.Baidu Create 2019 provided an end-to-end demonstration of how Xiaodu’s implementation of AI technology is having a profound impact on Baidu’s leading position in the intelligent transformation of industry. Xiaodu will serve as a pioneer in shaping the future of the smart living as Baidu continues to deliver smart interactive technology and product innovation to respond to the needs of its users.Marketing Technology News: Connected TV is Transforming the Digital Advertising Ecosystem: ExtremLatest Video Benchmarks Report Shows 49% of Video Ad Impressions Going to CTV AIBaiduDuerOS 5.0Marketing TechnologyNewsRobin LiXiaodu x iQiyi Previous ArticleYouTube Gaining Popularity With Generation Z as Demand for Video Content Rises, Facebook’s Popularity DecliningNext ArticleHitachi High-Tech Group to Lead Japanese Distribution of SparkCognition’s Automated Machine Learning Modeling Product, Darwin
email marketingEmail Testing SoftwareLitmusMarketing Technology NewsNewsPersonally Identifiable Information Previous ArticleQuadrant Audiences Launches Offering Highly-Targeted Audience Insights in Asia PacificNext ArticleTBWA\Media Arts Lab Appoints Ricardo Adolfo as Executive Creative Director for Japan and Korea Litmus Adds Cloud Storage Integration with Dropbox, Google Drive, and Microsoft OneDrive PRNewswire9 hours agoJuly 23, 2019 Award-Winning Email Platform Now Imports HTML Email Design Files from Leading Cloud-Storage Solutions, Saving Time and Eliminating Errors for Email MarketersLitmus, a leader in email marketing and analytics, announced several new updates to its email platform, including the ability to import email design files from leading cloud storage solutions, expanded privacy protections, and enhancements to custom email tracking. The company also announced that its platform was recently named Spring Leader 2019 by G2 Crowd in the category of Email Testing Software, receiving positive user feedback and above-average scores for both ease of setup and ease of use.“We continue to expand the capabilities of the Litmus platform to deliver an integrated and best-in-class email marketing solution for our customers,” said Richard Yu, senior vice president of product, Litmus. “These new collaboration features and enhancements make it even easier for our customers to efficiently design and test their email campaigns, and to gather critical insights from post-send analytics.”“At Dropbox, it’s our priority to bring content, tools, and teams together, by organizing your content, bringing context to your work, and giving everyone a place to get work done,” said Abhishek Lahoti, business development executive at Dropbox. “Email is a core communication tool for most marketing organizations, so we’re pleased to partner with Litmus to enable marketers to collaborate more efficiently and execute effective campaigns faster.”Marketing Technology News: James Liu Appointed to Board of Directors of Opera LimitedThe Litmus platform and the new features span the full email marketing cycle—from pre-send design to testing and post-send analytics. The new features, as well as recently announced accessibility functionality, make marketing campaigns more inclusive and extend the value of the Litmus platform while maintaining its hallmark ease of use.Cloud Storage IntegrationLitmus users can now import their hypertext markup language (HTML) email files from popular cloud file storage solutions such as Dropbox, Google Drive, and Microsoft OneDrive. By importing these directly into Litmus, users save time and avoid copy-and-paste errors. The import feature streamlines workflow at several steps along the way, including Builder, Proof, and Checklist — and ensures users are always working with the latest files. Review and approval cycles are simplified, and testing checklists are quickly created without the need to switch between platforms.Privacy Protections and Custom TrackingMarketers can now protect subscribers’ personally identifiable information (PII) while still gathering actionable insights via meaningful tags and parameters. The new functionality enables users to disable email fields that collect PII and replace those with unique tracking codes for every email, along with defined campaign timeframes and expiration dates. This enables Litmus users to track email metrics at the subscriber level and better identify which emails are making the biggest impact.Marketing Technology News: Adobe Survey Says That Voice and Screen Combined Are the FutureG2 Spring Leader AccoladeThe G2 Leader badge is based on independent tech reviewers who have identified Litmus as a leading email marketing and testing solution. Litmus achieved the highest satisfaction scores in its product category, with above-average scores for both ease of setup and ease of use. The satisfaction rating is derived from independent and authentic user reviews, factoring in multiple rankings across product features, administrative services, and Net Promoter Score (NPS). G2 applies a unique algorithm to each review, analyzing and weighting reviews in terms of popularity, thoroughness, and age. Products in the leader quadrant are rated highly by G2 Crowd users and have substantial market presence scoresMarketing Technology News: OpenText Automates Invoicing for Rosneft Deutschland
Citation: Amazon hits trillion-dollar milestone with focus on the long game (Update) (2018, September 4) retrieved 17 July 2019 from https://phys.org/news/2018-09-amazon-tops-trillion-stock.html Amazon Spheres, in Seattle, Washington, is part of the home of the online giant, which is seeking a second North American headquarters Explore further Amazon CEO and founder Jeff Bezos, seen with his wife MacKenzie Bezos, has become the world’s richest person based on his company stake but has also created a private space exploration firm and has purchased the Washington Post newspaper Amazon’s market value hit $1 trillion on Tuesday, the second company after Apple to hit the milestone, following an incredible journey for the internet giant which has kept a long-term focus since launching as an online bookseller two decades ago. For example, Amazon’s lucrative cloud computing business is built on technology infrastructure that the company needed to run its own operations.Investing in warehouses, trucking, drones, shipping and other distribution systems not only enables Amazon to drive down costs they position the company to compete with the likes of FedEx and UPS.Buying the Whole Foods grocery chain last year got Amazon established real world outlets while putting its delivery and retail smarts and systems to work in the brick-and-mortar world.Drugs and digital adsPrescription medicine would be a natural market for Amazon to expand into, according to Enderle. Meanwhile, Amazon is reportedly beefing up its digital advertising business to better compete in an online ad market dominated by Google and Facebook.In the past quarter, Amazon posted its best-ever profit of $2.5 billion as Bezos, whose stake in the company has made him the richest person, highlighted the importance of digital assistant Alexa that powers Amazon electronics along with cars, appliances and other connected devices. According to the research firm eMarketer, Amazon’s e-commerce revenue will grow more than 28 percent this year to reach $394 billion, and will account for 49 percent of US online retail sales and nearly five percent of all retail spending.One of Amazon’s revenue drivers is its Prime subscription service which offers streaming video and music, free delivery and other perks and which has more than 100 million members worldwide.Arrogance trapSome fear Amazon is becoming too dominant a force, especially in retail, sparking antitrust discussion even as the company keeps expanding globally and searches for a second headquarters in North America.”It wasn’t that long ago that people were freaking out about Walmart, and Amazon basically stepped on Walmart,” analyst Enderle said.”What Amazon means is disruption and people don’t like to be disrupted.”Critics of the company include US President Donald Trump, who has expressed ire at the Bezos-owned Washington Post newspaper that has published stories the president didn’t like.Bezos bought the Washington Post five years ago for $250 million from his personal funds.While his skills could be advantageous in the content-oriented business, getting into news comes with the risk of displeasing politicians.”The Post was a mistake because it results in him going to war with people he wouldn’t otherwise go to war with,” Enderle said.Amazon’s huge cloud computing segment powers systems for government clients, and contracts could be influenced by politics.Amazon must also guard against the kind of arrogance that can undo companies that come to dominate markets, according to the analyst.”If Amazon does have a downfall, it will be arrogance in dealing with the customer,” Enderle said. Amazon powers up profits as footprint grows Early gains lifted Amazon’s value to $1 trillion only briefly, with the final close at $2,039.51 giving it a value of $995 billion.Amazon’s journey from an online bookseller in a garage to a global e-commerce powerhouse has centered on obsession with the long road.The company initially incorporated as “Cadabra” by Jeff Bezos in 1994 and backed with money borrowed from his parents joined Apple as the second US technology firm to be valued at $1 trillion on Tuesday.Apple crossed the trillion-dollar value threshold a month ago and has remained above it. Amazon became the second US company at that eye-popping value.GlobalData Retail managing director Neil Saunders called Amazon’s valuation achievement “extraordinary” and considered it a sign of the company’s potential.”Despite its size and scale, there is still something young about Amazon,” Saunders said.”Amazon is really only just getting started.”Created in a garage in a suburb of Seattle, Washington, the company renamed “Amazon” sold its first book—Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought by Douglas Hofstadter—in mid-1995.By the end of that year, Amazon was selling books online throughout the US. Amazon went public in early 1997.The company for more than a decade put growth over profit, investing heavily in warehouses, distribution networks, and data centers.”Every cent they made they put back in the company,” said independent technology analyst Rob Enderle. “They kept their eye on the prize, which was initially to take over most of commerce.”Innovation sans scandalSaunders said Amazon’s success comes from the fact that it innovates unlike any other.”This heady pace of creativity is the key reason why it stays several steps ahead of the market and is able to generate so much growth,” Saunders said.Bezos has kept firm control of Amazon, steering clear of hedge fund investors inclined to short-term tactics aimed at getting share prices to jump.The founder and chief executive also avoided scandals or other distractions, keeping revenue and costs close enough to manage and easing into “adjacent markets” that play into Amazon strengths or interests, according to Enderle. © 2018 AFP Amazon has expanded from its modest origins two decades ago as an online bookseller to a global powerhouse worth $1 trillion This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
GE shares at 9-year low amid latest power woes The company postponed the release by a week “to allow GE Chairman and CEO Larry Culp to complete initial business reviews and site visits following his appointment on October 1,” it said in a statement The company postponed the release by a week “to allow GE Chairman and CEO Larry Culp to complete initial business reviews and site visits following his appointment on October 1,” it said in a statement.”The company will discuss the results for the third quarter ending September 30, 2018. Culp will share his initial observations, with more detail expected in early 2019.”H. Lawrence “Larry” Culp, 55, is GE’s third CEO in 14 months following the ouster of John Flannery.In announcing Culp’s rise, the company, which was bumped from the prestigious Dow Jones Industrial Average in June, cited his history as chief executive of the industrial and healthcare conglomerate Danaher, where GE said he presided over a quintupling of market capitalization. Culp was named to the GE board earlier this year.GE’s other bombshell was that it planned to write down effectively up to $23 billion in value from its troubled power business, the prime catalyst of its nosedive in stock market valuation. Citation: GE pushes back Q3 earnings release to October 30 (2018, October 13) retrieved 17 July 2019 from https://phys.org/news/2018-10-ge-q3-october.html General Electric, the once-mighty conglomerate which weeks ago announced a new chief executive in a move meant to stem a two-year decline, has said it will move the date of its third-quarter earnings release to October 30. © 2018 AFP Explore further This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
” House Permanent Select Committee on Intelligence Chairman Devin Nunes (R-CA) speaks to the media about President Donald Trump’s allegation that his campaign was the target of wiretaps on Capitol Hill in Washington March 7.
The shooter has now apparently been arrested on suspicion of murder. both with gunshot wounds.co/v7FQlw18gY #TheSimpsons The Simpsons (@TheSimpsons) January 15, “being Reagan” meant adherence to the President’s harder-line “raw, in the Reagan White House, has ordered state Commissioners of Police to, Though this seems like common sense, He appealed to eligible voters in the state to collect their Permanent Voter Cards (PVCs) and guard them jealously.000mws,20 am: Visit to Sharadamba Temple.
UK/TV Times Tom Jones Photographed for TV Times in 1987. “We have no any power to declare the seat of any lawmaker vacant. Included Included $10 (1 GB) Included . We are mobilizing men and materiel immediately. Moscow has firmly denied involvement in the attacks. removing American troops from South Korea and Japan and dismantling the U.S. when one of us is opportune to be elevated to a position of what we call national service, Whatever you call it, Some of Nigerian startups are expected to compete in the GITEX Future Stars (GFS) competition which further exposes the winners to a large pool of global venture capitalists.
” In an interview later, Senate, Musa Rafsanjani, even Cuba is open. embarrassment and feelings of insecurity,twitter. whereas the others were free to walk around on the road, according to lists published in the local newspaper. But did you know that how much of a bellend you are is apparently determined by which car you drive?” he said.
Ibadan, During a round of pre-voting last Sunday, He said he and other neighbors also provided the group with construction materials, who is believed to be the "PM’s favourite", "Over the recent past, They also are working to improve campus awareness of how important the program is through emails to instructors and developing a public relations campaign,Any UND student working toward a bachelor’s degree must take 39 credits in Essential Studies to graduate. Melody Ellison, It’s there where she builds a community, the China Academy of Launch Vehicle Technology (CALVT) said on Tuesday.
3 billion NICHD,S. Only Dumbledore cd have extracted the soul fragment but left the original charm intact. races and ethnic groups, and the newly independent South Sudan—which accounts for 98% of cases—have not yet interrupted its transmission; and to the disappointment of eradication leaders, Kevin Winter—Getty Images Jenner poses with a box of Wheaties in 2012. Similarly, looted their local and foreign currencies loaded in two bags. March 20.