Apple is looking at person-to-person transfers for its payment service, Lenovo has reported a smaller loss than expected and it’s time for the Huawei Watch review. #techFT is a new daily newsletter on technology, digital media and telecoms from the Financial Times. You can sign up here Read more
Welcome to #techFT, a new daily newsletter on technology, digital media and telecoms from the Financial Times that we’ve launched from the Web Summit in Dublin this week. Please send any feedback to techFT@ft.com and encourage friends and colleagues to sign up here . Also check out our Tech meets money Facebook page.
Ten days can be a long time. There were the Ten Days that Shook the World in the Russian Revolution of 1917, the Ten Tragic Days during the Mexican Revolution of 1913, and: who can forget? The ten days where Kate Hudson tried to drive away Matthew McConaughey in the movie How to Lose a Guy in Ten Days.
Jack Dorsey has had an almost as eventful ten days, starting last Monday when he was appointed permanent chief executive of messaging platform Twitter, until this Wednesday, when his second start-up, Square, published its S1, confirming the payments company’s intention to go public. Read more
Apple is a company that thrives on surprises to promote its products. But it is actually a creature of habit, especially when it comes to launching its flagship device, the iPhone.
So when Apple deviates from the well-established patterns of years gone by, as it did on Monday, it stands out – raising questions from analysts about why. Read more
Twitter has had investors (and journalists) eagerly awaiting its appointment of a new chief executive for the two and a half months since Dick Costolo stepped down and co-founder and former chief exec Jack Dorsey took over as a caretaker leader.
Chris Sacca, an early Twitter investor who has long been the most outspoken shareholder on the company’s user growth troubles, is now calling for Dorsey to be made its permanent chief executive. Read more
There’s a saying among consumer electronics start-ups: hardware is hard. Unlike a software or internet company, hardware start-ups have to worry about manufacturing, distribution and inventory, as well as all the working capital worries that go along with them. Read more
Dick Costolo is out as chief executive of Twitter, and Jack Dorsey, one of the company’s co-founders, is in – at least on an interim basis.
Here’s how the news unfolded on the messaging platform on Thursday. Read more
What have we learnt in this week’s experiment? Can we better understand how wearables might be used in workplaces by looking back at history? Just what did FT’s news editor, Alec Russell, make of Sarah’s wearables data? Does he want to roll it out across newsroom? Read more
What could go wrong? Many things, it turns out, when a company wants to use wearables to track its workers or measure its business. Employers have to be aware of potentials for people to game the system, how to ensure cybersecurity and legal compliance, and perhaps most importantly, how not to lose their workers’ trust. Read more
Even if employees are happy with their bosses’ using wearables to track their days – and possibly nights – they risk seeing that sensitive data fall into the hands of hackers.
Information on how employees spend their time could appeal to hacktivists
searching for potential embarrassments, cyber criminals looking to sell addresses online or rivals seeking an insight into possible M&A negotiations (who visits where) or trade secrets (who sources what where).
Kevin Mahaffey, co-founder and chief technology officer at mobile security start-up Lookout, said wearables will inevitably be attacked once they become more widespread.
“Wearables are computers and all computers are hackable,” he said. Read more
Do employers want to track their staff with wearables, or is it too much information? Would managers even know how to make sense of, and use, the data collected? Read more
How would employees feel about being tracked by their bosses via wearables? Could some grow to value it if it helps them in their work? Read more
Some experts think wearable technology – from sleep monitors to fitness bands – could be the next frontier in how companies monitor their workers, further blurring the lines between our work and private lives.
Over the next four days Sarah O’Connor, the Financial Times’ Employment Correspondent will be fitted out in wearable gadgets while she works, to see if the personal data they generate really would be useful to managers – and whether workers could learn to live with it.
Follow her regular updates via the Wearables at Work Facebook page, where you’ll find her updates, videos, and thoughts on the project. She’ll be tweeting about the project using the #wearables hashtag, and each day, we’ll storify a selection of the Facebook posts and bring it here to the Techblog.
In Kevin Martin, former chairman of the Federal Communications Commission under George W Bush, Facebook has just hired a moderate on the all-important issue of network neutrality.
One of his first challenges: to prevent a repeat of the backlash seen in India last month against Facebook’s Internet.org, which critics see as a blatant attempt by the social network to colonise the mobile internet. Read more
At a party the other day, one start-up founder told me the secret of Silicon Valley’s sky-high valuations. “I’ve had investors tell me, you can name any valuation you want, we’ll just make up for it in the terms,” he said.
His comment points to the fact that in the world of tech start-ups, the word “valuation” means something a bit different than it does for public companies. The favourable terms and generous downside protections that accompany many investments help limit the risk that venture investors take. Read more
CoinTent co-founders Kendra Gibbons, Bradley Ross and Bigi Lui © CoinTent
The people behind FarmVille and Mafia Wars want to bring micropayments to the news. Read more
Even by the standards of today’s rapidly ascending start-up valuations, Docker has reached unicorn status remarkably quickly.
Barely two years after releasing its software to the world, the open source company has raised a $95m funding round that one source says puts it either at – or very close to – a $1bn valuation. With open source once more the flavour of the month among venture capitalists, this will be one of the more conspicuous tests of whether giving away software can be the route to a seriously large business.
The first wave of Apple Watch reviews are out and their conclusion is mixed. While there is consensus that Apple has made the best smartwatch out there, many see niggles that make it equally clear this is still very much a “version one” product.
That chimes with my experience trying the device at its two launch events. But after reading all the reviews, two unexpected observations stood out. Read more
Alternative lenders such as Lending Club are now well known for having created new kinds of securities for investors looking for high yields. But it’s not just Silicon Valley’s larger start-ups courting hedge funds with new financial instruments.
April Fools’ Day has become a grand tradition in the tech world, with Google in particular pulling out all the stops to show how they don’t take themselves too seriously, no really haha.
But this is 2015, a time of self-driving cars, kickable robots, interplanetary internets and a Cambrian explosion of connected devices. It’s getting tricky for us poor journalists to separate reality from science fiction at the best of times.
So forgive us if some of us were left a little confused when some of this year’s April Fools were just too close to call. Read more