All posts tagged “Because”

Obama accuses EU of attacking American tech companies because it ‘can’t compete’

Barack Obama has angered officials in Europe after suggesting that investigations by the European Union into companies like Google and Facebook were “commercially driven.” In an interview with Recode, the president claimed that European “service providers who … can’t compete with ours, are essentially trying to set up some roadblocks for our companies to operate effectively there.” The truth, however, is more nuanced than this.

“our companies have created it, expanded it, perfected it.”

Obama says: “We have owned the internet. Our companies have created it, expanded it, perfected it in ways that they can’t compete. And oftentimes what is portrayed as high-minded positions on issues sometimes is just designed to carve out some of their…

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Sony looked into selling its music publishing business because of growth concerns and streaming

Sony has been considering selling Sony/ATV music publishing, according to leaked internal emails obtained by Bloomberg. According to the emails — which have come to light thanks to the massive Sony hack, now believed to have been perpetrated by North Korea — Sony had decided that growth prospects for Sony/ATV had diminished, and were discussing a potential sale of the division.

Sony’s music publishing arm is the largest music catalog in the world, controlling the rights to over 2 million songs, including tracks by Beyoncé, Jay Z, Taylor Swift, Bob Dylan, and the majority of The Beatles’ catalog. Sony Entertainment CEO Michael Lynton, Sony Corporation of America president Nicole Seligman, and SCA CFO Steve Kober were leading the sale,…

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Sony Music is re-evaluating its approach to streaming because of Taylor Swift

Taylor Swift’s decision to pull her music from Spotify — in large part because of its ad-supported free service — has gotten the attention of another entertainment giant. As reported by The Wall Street Journal, Sony Music chief financial officer Kevin Kelleher said the world’s second-largest music company is re-evaluating its approach to streaming services like Spotify.

“Actually, a lot of conversation has taken place over the last week in the light of that,” Kevin Kelleher said regarding Swift’s disappearance from Spotify. “What it all really comes down to is how much value are the music company and the artist getting from the different consumption methods.” Of course, that doesn’t mean that the massive amount of music distributed by…

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Tim Cook says Apple killed the iPod classic because it couldn’t get the parts

Apple quietly discontinued the iPod classic last month, just short of the iconic MP3 player’s 13th birthday. Tonight, Apple CEO Tim Cook explained why the company decided to shelve its revolutionary device — it couldn’t get the parts any more. Cook, speaking at this evening’s WSJD Live event, said on stage that Apple no longer had access to the components necessary to build the 160GB iPod classic. You’d imagine manufacturers would still produce parts for Apple if the company really pushed for them, but Cook said when faced with a dearth of necessary materials, the company felt that it wasn’t worth redesigning the venerable device.

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Kanye West: Apple bought Beats because Samsung worked with Jay Z

Kanye West spoke at a conference in Cannes this morning, and he used the opportunity to talk about Apple’s acquisition of Beats and the importance of companies connecting with culture at large. According to Adweek, West posed that Apple’s purchase never would have happened if Jay Z hadn’t struck a deal with Samsung last year to have his album debut on its phones. It was a controversial deal and a shrewd business move, but it gave Samsung a level of cool that’s generally hard to buy.

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‘Because the Internet’: online fame gives Donald Glover the feels

Donald Glover — otherwise known as the rapper Childish Gambino — is a particularly potent kind of celebrity today. He’s certainly prolific: having gotten his big break writing for 30 Rock, he followed that up with standup specials, a celebrated role as Troy Barnes on NBC’s Community, and a string of rap albums that culminated in 2011’s Camp, his first studio release. However, he also manages to balance his free-wheeling creative life with a sizeable digital footprint: He tweets in torrents. He does guest appearances on podcasts as disparate as The Nerdist and Rosenberg Radio. He has performed in numerous viral videos with the DERRICKcomedy troupe. The list goes on.

So it was surprising that the actor all but vanished from the…

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You can afford your Sriracha obsession because of this man

Sriracha is everywhere, but David Tran — CEO of its maker, Huy Fong Foods — would hardly know it. In a profile of Tran, Quartz describes the reclusive CEO as caring far more about making a good hot sauce than simply making profits. Despite rising ingredient costs and increased demand, Tran hasn’t once raised the wholesale price of Sriracha. The goal, he tells Quartz, isn’t to be a billionaire, just “to make enough fresh chili sauce so that everyone who wants Huy Fong can have it. Nothing more.”

Tran is almost obstinately against focusing on profits, according to Quartz. He doesn’t know how widely his star product is being sold, doesn’t advertise, and has turned down various buy-out offers. “People who come here are never…

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Report: NSA doesn’t collect citizens’ geolocation data because it would cost too much

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The NSA has the authority to get the gelocation info from your phone, but it chooses not to exercise it, reports The Wall Street Journal. Citing a statement from the Office of the Director of National Intelligence (ODNI), it writes that the NSA program doesn’t collect “any cell phone locational information.” An unnamed official stated that location data doesn’t provide enough intelligence to justify the amount of resources that would be required to manage it.

Earlier this month, a leaked secret court order exposed a secret NSA intelligence program for compiling “telephony metadata” such as time and duration of calls, IMEI numbers, and “comprehensive communications routing information,” the latter of which could be used to track…

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WordPress founder claims users are abandoning Tumblr because of Yahoo deal

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Now that Yahoo has officially unveiled its plans to purchase Tumblr for $ 1.1 billion, it’s inevitable we’ll see some user backlash. Rival blog host WordPress claims that backlash has already begun: founder Matt Mullenweg says that imports from Tumblr to WordPress rose from the typical rate of 400-600 per hour to over 72,000. That’s quite an uptick, although it’s worth pointing out that the number cited relates to individual posts, rather than entire blogs. It’s also not unprecedented: as AllThingsD notes, Posterous users fled the service when it was purchased by Twitter, and Instagram users were up in arms over its acquisition by Facebook.

Mullenweg also made some comments on the acquisition as a whole. He believes that the price Yahoo…

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Kepler’s hunt for Earth-like planets may be cut short because of equipment failure

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NASA’s Kepler probe, tasked with searching distant stars for Earth-like planets, may not be able to continue its mission. On a conference call, NASA confirmed that the spacecraft is currently in “safe mode” after a vital reaction wheel failed, likely because of a problem with the wheel bearing or other components. Kepler launched with four reaction wheels, but one failed last year, and three are necessary to keep the craft oriented.

Though Kepler is currently stable, scientists would need to find a way to either get it running again or route around it in order to continue the primary mission. “We would not call Kepler down and out just yet,” said one of the conference participants, despite a press release saying it was “unlikely” that…

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