An anonymous reader quotes a report from Motherboard: Robinhood is seemingly still very popular. According to The New York Times, Thursday -- the day of Robinhood's strictest trading restrictions -- was also its best ever: it saw over 177,000 downloads (twice the previous week's daily rate) and had 2.7 million daily users. Robinhood also announced on Monday that it raised another $2.4 billion in a new funding round led by Ribbit Capital and including existing investors such as ICONIQ Capital, Andreessen Horowitz, Sequoia Capital, Index Ventures, and NEA. Bloomberg reported that the investment would convert into equity at a $30 billion valuation or a 30 percent discount on its initial public offering (IPO), and then would be followed by another $1 billion infusion converting to equity at either a $33 billion or a 30 percent IPO discount. Robinhood has been planning to go public in May since late last year, either through an initial public listing, a direct listing, or a merger with a SPAC. The truth is that Robinhood has momentum, a hooked user base, and a business model that seems empowering for users but rather exploits them. In an interview with The Wall Street Journal, Robinhood's senior director of product management Madhu Muthukumar said that the app's gambling-adjacent interface is intentional and designed to "make it feel like something that's familiar to populations that historically have not been served." And for all the rhetoric around "democratizing" finance, Robinhood sells all its users' trades to huge firms such as Citadel Securities which sees them before they are even executed on the market. Indeed, the SEC fined Robinhood $65 million recently for losing investors tens of millions of dollars due to its business dealings with market makers. As Jacob Silverman writes in The New Republic, the troubles it's facing now are unlikely to halt Robinhood's advance. In a time of rampant poverty, precarity, and also absurd wealth, we are heading towards becoming a nation of gamblers hoping to strike it rich. That Robinhood's siren call is more popular than ever should be read as a omen -- the app is simply bringing more people to a casino when they have less to gamble with. And in a casino, the house always wins.

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Amazon announced on Tuesday that AWS CEO Andy Jassy will replace Jeff Bezos as CEO during the third quarter of this year. Bezos will transition to executive chair of Amazon's board. In a statement, Bezos said: I'm excited to announce that this Q3 I'll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO. In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. Andy is well known inside the company and has been at Amazon almost as long as I have. He will be an outstanding leader, and he has my full confidence. This journey began some 27 years ago. Amazon was only an idea, and it had no name. The question I was asked most frequently at that time was, "What's the internet?" Blessedly, I haven't had to explain that in a long while. Today, we employ 1.3 million talented, dedicated people, serve hundreds of millions of customers and businesses, and are widely recognized as one of the most successful companies in the world. How did that happen? Invention. Invention is the root of our success. We've done crazy things together, and then made them normal. We pioneered customer reviews, 1-Click, personalized recommendations, Prime's insanely-fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marketplace, infrastructure cloud computing, Career Choice, and much more. If you get it right, a few years after a surprising invention, the new thing has become normal. People yawn. And that yawn is the greatest compliment an inventor can receive.

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On Tuesday, a test flight of SpaceX's Starship, a huge next-generation spacecraft that Elon Musk, the founder and chief executive of the private rocket company, dreams of one day sending to Mars, came to an explosive end. From a report: That brief flight, to an altitude of about 6 miles and then back to a landing pad, appeared to again demonstrate how the mammoth rocket would tip over on its side as it descended in a controlled belly flop back toward a landing. But when the prototype fired its engines to right itself back to a vertical orientation, it appeared that one engine did not properly ignite, and Starship hit the ground at an angle, disintegrating in a fireball, leaving a cloud of smoke rising over the test site, which is in Boca Chica, Tex., near Brownsville. The end was similar to the last test flight in December which also ended in an explosion at landing, although the particular cause of the rocket failing to slow down enough may have been different. This time, however, SpaceX at least had the permission of government regulators. Last week, SpaceX and the Federal Aviation Administration, which regulates rocket launches, seemed to be in a strange regulatory standoff. SpaceX had filled the propellant tanks of this prototype of Starship -- its ninth one -- and looked ready to launch. But then the rocket stayed on the ground when no approval from the F.A.A. arrived. Mr. Musk expressed frustration on Twitter, describing the part of the F.A.A. that oversees SpaceX as "fundamentally broken." Mr. Musk wrote, "Their rules are meant for a handful of expendable launches per year from a few government facilities. Under those rules, humanity will never get to Mars." Late on Monday, the F.A.A. gave permission for Tuesday's launch, but then added that the December launch had occurred without the agency's approval. SpaceX had requested a waiver to conduct that flight even though it posed a greater danger to the public than allowed by regulations. The F.A.A. denied the request. SpaceX defied the ruling and launched anyway.

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Ransomware gangs made at least $350 million in ransom payments last year, in 2020, blockchain analysis firm Chainalysis said in a report last week. From a report: The figure was compiled by tracking transactions to blockchain addresses linked to ransomware attacks. Although Chainalysis possesses one of the most complete sets of data on cryptocurrency-related cybercrime, the company said its estimate was only a lower bound of the true total due. The company blamed this on the fact that not all victims disclosed their ransomware attacks and subsequent payments last year, with the real total being many times larger than what the company was able to view. But despite the low figure, Chainalysis says that ransomware was actually on the rise. According to numbers released in a previous report, ransomware payments accounted for 7% of all funds received by "criminal" cryptocurrency addresses in 2020.

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Suspected Chinese hackers exploited a flaw in software made by SolarWinds to help break into U.S. government computers last year, Reuters reported Tuesday, citing five people familiar with the matter, marking a new twist in a sprawling cybersecurity breach that U.S. lawmakers have labeled a national security emergency. From a report: Two people briefed on the case said FBI investigators recently found that the National Finance Center, a federal payroll agency inside the U.S. Department of Agriculture, was among the affected organizations, raising fears that data on thousands of government employees may have been compromised. The software flaw exploited by the suspected Chinese group is separate from the one the United States has accused Russian government operatives of using to compromise up to 18,000 SolarWinds customers, including sensitive federal agencies, by hijacking the company's Orion network monitoring software. Security researchers have previously said a second group of hackers was abusing SolarWinds' software at the same time as the alleged Russian hack, but the suspected connection to China and ensuing U.S. government breach have not been previously reported.

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Jeff Carlson, writes in a post: After consulting numerous webcam buying guides and reviews, purchasing a handful of the most popular models, and testing them in varying lighting situations, I can't escape the grim truth: there are no good webcams. Even webcams recommended by reputable outlets produce poor quality imagery -- a significant failing, given it's the one job they're supposed to provide. Uneven color. Blown highlights. Smudgy detail, especially in low light. Any affordable webcam (even at the high end of affordability, $100+), uses inadequate and typically years-old hardware backed by mediocre software that literally makes you look bad. You might not notice this if you're using video software that makes your own image small, but it will be obvious to other people on the call. [...] Why are webcams like this? [...] Two main factors currently hinder serious webcam innovations, one a technical limitation and one a business shortcoming. As with all photography, the way to create better images is to capture more light, and the method of capturing more light is to use larger image sensors and larger lenses. That's why a consumer DSLR or mirrorless camera produces much better images than a webcam. Primarily this is about size: webcams are designed as small devices that need to fit onto existing monitors or laptop lids, so they use small camera modules with tiny image sensors. These modules have been good enough for years, generating accolades, so there's little incentive to change. The StreamCam appears to have a better camera and sensor, with an aperture of f/2.0; aperture isn't listed for the other cameras. Contrast this technology with the iPhone, which also includes small camera modules by necessity to fit them into a phone form factor. Apple includes better components, but just as important, incorporates dedicated hardware and software solely to the task of creating images. When you're taking a photo or video with an iOS device, it's processing the raw data and outputting an edited version of the scene. Originally, Logitech's higher-end webcams, such as the C920, also included dedicated MPEG processing hardware to decode the video signal, but removed it at some point. The company justified the change because of the power of modern computers, stating, "there is no longer a need for in-camera encoding in today's computers," but that just shifts the processing burden to the computer's CPU, which must decode raw video instead of an optimized stream. It's equally likely Logitech made the change to reduce component costs and no longer pay to license the H.264 codec from MPEG LA, the group that owns MPEG patents. That brings us to the other factor keeping webcam innovation restrained: manufacturers aren't as invested in what has been a low margin business catering to a relatively small niche of customers.

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Shares in GameStop plunged by 65% in early trading on Wall Street as the trading mania sparked by small investors, that sent its stock surging and cost hedge funds billions of dollars, lost momentum. From a report: The struggling Texas-based video game store chain has been the focal point of a battle by small traders, using forums such as Reddit, to punish Wall Street hedge funds that have bet on certain stocks falling in value. GameStop shares hit a high of $470 last Thursday but slumped to $80 shortly after the market opened. They recovered to $117 by mid-session, down 48% on their opening price. A year ago, shares in the 37-year-old chain, which plans to close 450 stores this year, were changing hands at $3.25 a share. Other heavily shorted stocks also targeted by amateur investors on influential forums such as WallStreetBets on Reddit are also in freefall. AMC Entertainment, the world's biggest theatre chain and owner of Odeon in the UK, lost 55% shortly after the opening bell on Wall Street. It later made up some of those losses to trade at $8 by mid afternoon.

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Wikipedia on Tuesday unveiled a "universal code of conduct" aimed at stemming abuse, misinformation and manipulation on the global online encyclopedia. From a report: The new code was released by the Wikimedia Foundation, the nonprofit that administers Wikipedia, expanding on its existing policies to create a set of community standards to combat "negative behavior," according to a statement. The new policy aims to thwart efforts to distort and manipulate content on Wikipedia, the largest online encyclopedia which is managed largely by volunteers using "crowdsourced" information. "Our new universal code of conduct was developed for the new internet era, on the premise that we want our contributor communities to be positive, safe and healthy environments for everyone involved," said Katherine Maher, chief executive of the foundation. "This code will be a binding document for anyone that participates in our projects providing a consistent enforcement process for dealing with harassment, abuse of power and deliberate attempts to manipulate facts." The 1,600-word code was developed with input from some 1,500 Wikipedia volunteers representing five continents and 30 languages, and includes clear definitions of harassment and unacceptable behavior. The code includes language aimed at preventing the abuse of power and influence to intimidate others, and the deliberate introduction of false or inaccurate content.

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An anonymous reader shares a report: It may sound like something out of a futuristic science fiction film, but scientists have managed to engineer spinach plants which are capable of sending emails. Through nanotechnology, engineers at MIT in the US have transformed spinach into sensors capable of detecting explosive materials. These plants are then able to wirelessly relay this information back to the scientists. When the spinach roots detect the presence of nitroaromatics in groundwater, a compound often found in explosives like landmines, the carbon nanotubes within the plant leaves emit a signal. This signal is then read by an infrared camera, sending an email alert to the scientists. This experiment is part of a wider field of research which involves engineering electronic components and systems into plants. The technology is known as "plant nanobionics," and is effectively the process of giving plants new abilities. "Plants are very good analytical chemists," explains Professor Michael Strano who led the research. "They have an extensive root network in the soil, are constantly sampling groundwater, and have a way to self-power the transport of that water up into the leaves. This is a novel demonstration of how we have overcome the plant/human communication barrier," he adds.

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There is a consensus among scientists that Covid will be with us basically forever. It will not be eradicated, it will continue to evolve, circumventing our vaccines, which will have to evolve too. It will kill approximately 10 times more people than the seasonal flu, and will make people a lot sicker for a lot longer. It may mutate into something less damaging, but it might go the other way too. No one knows. The probability of a return to what we used to consider normal is zero. So maybe no more movies or restaurants, in-person spectator sports, theater, art museums, bowling, singing, long distance travel. The smarter we are and the more we work together the less damage the virus can do. It eats "deeply polarized" cultures, like ours.

Beekeeper Patrick Murfet says the "monumentally stupid situation" could cost him nearly £100,000.

Germany and Austria have changed their advice about which face covering to wear in public spaces.

Where there's a coup, there will probably be an internet outage. From a report: Internet disruptions in Myanmar early Monday morning coincided with reports that top politicians, including the country's de-facto leader Aung San Suu Kyi, were being rounded up by the military. That's no surprise: internet blackouts are now common around the world when power hangs in the balance. At least 35 countries have restricted access to the internet or social media platforms at least once since 2019, according to Netblocks, a group which tracks internet freedom. Authorities have used the outages to reduce or prevent unrest -- or to hide it from public view. Blockages are particularly common around elections in Africa, most recently in Uganda. Netblocks also reported disruptions in Russian cities during recent protests over the detention of Alexey Navalny. Neighboring Belarus also disrupted the internet during recent protests, as have countries from Algeria to Zimbabwe.

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Popular "buy now, pay later" shopping services like Klarna will face stricter regulation under proposals announced by the U.K. government Tuesday. From a report: The Treasury said buy now, pay later (BNPL) firms would come under the supervision of the Financial Conduct Authority (FCA), which regulates financial services firms and markets in Britain. Such firms will be required to conduct affordability checks before lending to customers, the government said, while people will also be allowed to escalate complaints to the U.K.'s financial ombudsman. BNPL products are used as an alternative to credit cards and have exploded in popularity during the coronavirus pandemic, as people turned to online shopping due to lockdown restrictions. Popularized by the Swedish start-up Klarna, these services let customers spread out the cost of their purchases over a period of interest-free instalments. Other companies in the space include Australia's Afterpay, which operates the Clearpay brand in the U.K., and Laybuy.

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Amazon.com has agreed to pay more than $61.7 million to settle charges by the Federal Trade Commission, which alleges the ecommerce giant failed to pay Amazon Flex drivers the full amount of tips received over a 2 1/2-year period. FTC: According to the FTC's administrative complaint against Amazon and its subsidiary, Amazon Logistics, the company regularly advertised that drivers participating in the Flex program would be paid $18-25 per hour for their work making deliveries to customers. The ads, along with numerous other documents provided to Flex drivers, also prominently featured statements such as: "You will receive 100% of the tips you earn while delivering with Amazon Flex." "Rather than passing along 100 percent of customers' tips to drivers, as it had promised to do, Amazon used the money itself," said Daniel Kaufman, Acting Director of the FTC's Bureau of Consumer Protection. "Our action today returns to drivers the tens of millions of dollars in tips that Amazon misappropriated, and requires Amazon to get drivers' permission before changing its treatment of tips in the future." Amazon Flex is a program in which drivers, classified by Amazon as independent contractors, can agree to make deliveries using their personal vehicles. Flex drivers deliver goods and groceries ordered through the Prime Now and AmazonFresh programs, which allow customers to give the drivers a tip.

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