AM Prep-Cyber Corner
IN THE NEWS: NEW UBER REGULATIONS
SAN FRANCISCO (AP) — Will it be just a pothole — or a roadblock for Uber and its ride-hailing brethren? The company is facing a major issue — now that New York City has imposed a one-year ban on issuing ride-hailing licenses. New York is Uber’s largest U.S. market. And it says it’s limiting new permits because of traffic congestion. That is leading to speculation that other cities may try to limit the number of ride-hailing drivers on their roads. Should that happen, it would be harder for Uber to boost its revenue and reverse its history of uninterrupted losses. That, in turn, would affect the price investors are willing to pay for Uber next year, when it’s expected to go public.
IN THE NEWS: DATA TRAFFICKING
LONDON (AP) — There’s been another case in which personal information has been collected and sold. British officials have fined a company that offers advice on pregnancy and child care for illegally collecting and selling info that ended up being used in a database for the Labour Party. The company is Lifecycle Marketing (Mother and Baby) Ltd, also known as Emma’s Diary. The British Information Commissioner’s Office says the firm sold data on 1 million people to Experian Marketing Service. In turn, Experian created a database to help the Labour Party profile new mothers before last year’s British general election.
ON THE WEB: J.C. PENNEY - BABIES
CYBERSPACE (AP) — J.C. Penney is the latest company hoping to fill the void created when Babies R Us went belly up. Penney is expanding the number of baby products it sells at stores beyond just clothing. It will open baby shops in 500 stores that are near now-shuttered Babies R Us locations. Starting Aug. 30, J.C. Penney will sell items like cribs, high chairs, strollers and car seats — stuff that had formerly been sold only on its website. Other retailers trying to horn in on the baby market recently include Walmart, Target, BuyBuy Baby and Amazon.
J.C. Penney site: http://www.jcp.com
IN STORES: SAMSUNG GALAXY NOTE 9
NEW YORK (AP) — These days it seems we’re well past the days where the release of a new smartphone draws the kind of attention it used to. Samsung will be hoping to buck that trend toward ho-hum-ness when it releases its newest product, the Galaxy Note 9. The new device will be faster and go longer without needing to be recharged. Those are nice features. But the question is how many people would be willing to shell out $1,000 for those features. The tech industry will be watching the release closely — to see whether a lack of major upgrades from year to year will keep people from continuing to pay increasingly steeper prices for the latest model.
Samsung site: http://www.samsung.com
by Oscar Wells Gabriel II
Follow Oscar Wells Gabriel II on Twitter at https://twitter.com/OWGabriel2