Google Cancels its major developer conference, Justin Kan & # 39; s legal startup is closed, and Robinhood offers more details on a recent outage. Here is your daily crisis for March 4th, 2020.
1. Google Cancels Its 2020 I / O Developer Conference
After Facebook canceled its F8 developer conference and Google moved its Cloud Next event to a purely digital conference in April, this wasn't a big surprise, but it's another sign of how the COVID-19 corona virus is clearing the 2020 industry calendar.
Meanwhile, Mark Zuckerberg outlined some of the steps Facebook and his family's nonprofit, the Chan Zuckerberg Initiative, are taking to respond to the pandemic. Facebook's response focuses on three areas: providing accurate information, stopping misinformation, and providing data for research purposes.
2. $ 75 million legal launch atrium will shut down and drop 100
Justin Kan & # 39; s hybrid legal software and law firm Atrium closes today after failing to figure out how to achieve greater efficiency than a traditional law firm. The startup has now fired all employees; It will return part of its $ 75.5 million to investors, including Andre B. Horowitz, head of Series B. The separate law firm Atrium will continue to operate.
3. Robinhood offers a $ 15 discount and blames record business for a failure
It wasn't the leap year, coding error, or hack that led to massive robinhood failures earlier this week, in which customers were no longer able to trade stocks. Instead, the co-CEOs write: “The cause of the failure was the strain on our infrastructure, which had to deal with an unprecedented strain. This in turn led to a "thundering herd effect", which triggered a failure of our DNS system. "
4. India is lifting the ban on cryptocurrency trading
The Indian Supreme Court has overturned the two-year-old central bank ban on cryptocurrency trading in the country, which many have described as a "historic" judgment. The Reserve Bank of India had banned cryptocurrency trading in April 2018, prohibiting banks and other financial institutions from providing “virtual currency services”.
5. The future of gig work could include unions and cooperatives
An alternative approach to the Californian AB 5 Workers Protection Act has taken off behind the scenes. The draft law, known as the Cooperative Act, is designed to achieve much of what AB 5 wants to achieve, such as protection and employee performance. But it also brings unions and cooperatives into the mix. (Additional crunch membership required.)
6. With the new VSCO assembly editing tool, you can edit and overlay both photos and videos
With VSCO, users could already make photo-like changes to their videos, for example by applying filters or adjusting the exposure. But montage is a different kind of video editing.
7. Uber sold its Indian grocery to Zomato for $ 206 million
In January, Uber announced that Uber Eats' Indian business was sold to Zomato for a 9.99% stake in the loss-making Indian food delivery startup. The company has now announced in a regulatory filing that the deal was worth $ 206 million.
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