Want to work for a company like Facebook Inc., Apple Inc. or Google? You’re hardly alone. Many tech companies offer their employees nearly every perk imaginable, from free meals and booze to on-site doctor and dentist appointments, gyms and haircuts to massages and fitness classes. Everything, that is, except the service that would help moms most: on-site child care. “Sure, you can bring your dog to work, but you are (mostly) on your own with your baby,” Bloomberg Technology anchor Emily Chang notes in her book “Brotopia: Breaking Up the Boys’ Club of Silicon Valley.” “That’s because Silicon Valley companies have largely been created in the image of their mostly young, mostly male, mostly childless founders.” Their food-, entertainment- and service-filled campuses enable and even encourage staffers to spend most of their waking hours at work, which works well for people like the young singles who helped create many tech … [Read more...] about Working moms need child care, not fun job perks
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SAN FRANCISCO: In 2015, Uber Technologies Inc went on a fundraising spree in China, tapping venture capitalists and state-backed corporations for cash and connections to try and navigate the Chinese regulatory environment.Uber ultimately pulled out of China, but the investors it gained in the country became part of a gallery of far-flung Uber financiers that include U.S. geopolitical rivals under intense regulatory scrutiny by the U.S. government.Uber's investors come in all stripes: state-owned banks and corporations from China and Russia; sovereign wealth funds from Qatar, Singapore and Saudi Arabia; a Russian businessman arrested last year on embezzlement charges; venture capital funds from across Europe and the United Arab Emirates; and Indian conglomerates and a Malaysian public pension fund.Many of these investors will likely have made a bundle this week in Uber's long-awaited initial public offering. The company on Thursday priced its shares at US$45 a piece, raising US$8.1 … [Read more...] about Cashing out in Uber’s IPO: China, Russia and the Middle East
By Anna Molin Bloomberg Carol Matlack Thu., May 2, 2019 Sankarshan Murthy sinks into a sofa at Ikea’s conference centre in the sleepy town of Almhult in southern Sweden. The former Tesla and Apple engineer is jetlagged after flying from San Francisco to make a pitch for his startup, BumbleBee Spaces, which has developed a robotic system to maximize space in small apartments by hoisting beds and other furniture to the ceiling when not in use. BumbleBee was one of 18 companies invited by Ikea for a “startup boot camp” in late March, following a selection process that drew more than 1,100 entries worldwide. The program is part of an effort by the world’s No. 1 furniture retailer to attract a new generation of shoppers. Murthy’s robotic furniture includes sensors that can help users locate, say, a tennis racket stashed in the back of a cupboard, or put a pair of running shoes near the front door for a morning jog — all at the touch … [Read more...] about Ikea startup boot camp tests life beyond flat-pack furniture
When did leggings make the leap from garment to cultural lightning rod? For what are essentially stretchy footless tights in a seemingly endless array of patterns and colours, they have been an unexpected source of controversy.Recently in Indiana, the US, Maryann White, the mother of four sons, wrote a letter to The Observer, the school newspaper for both the University of Notre Dame and the nearby women’s college St. Mary’s, asking female students to ignore fashion and stop wearing leggings. It was for their own as well as the greater good, she suggested, in part because leggings made it hard for men to control themselves.The you-wear-it/you’re-asking-for-it implication of the letter, not to mention the sheer idea of censoring clothing, set off the predictable firestorm of protest, both on campus and off. For two days students wore leggings in a show of group defiance, there was a #leggingsdayND hashtag on Twitter, and assorted men and women posted pictures of … [Read more...] about Leggings in a post-#MeToo world: Are they symbols of seduction or freedom?