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Startups that deliver what you want, when you want it — like Uber, but for groceries, laundry, munchies, etc. — are revamping their business plans or shutting down entirely. It turns out that the on-demand model is so cash-intensive that it only really works if you're, well, Uber.
[Farhad Manjoo | The New York Times] -
Apple Pay, which until now has been confined to apps and physical stores, is coming to mobile websites sometime this year. The move has the potential to create a direct rival to PayPal.
[Jason Del Rey | Re/code] -
FiveThirtyEight founder Nate Silver correctly predicted the election results of all 50 states in 2012. For much of last year, however, Silver said that Donald Trump's candidacy wasn't going to last. On this week's episode of the Re/code Media podcast with Peter Kafka, Silver explains how he got it wrong.
[Eric Johnson | Re/code] -
Goldman Sachs, putting into words what most of Wall Street thinks, wrote a letter to the leaders of the Federal Reserve on Wednesday, arguing that the central bank is incorrectly worried about exacerbating the strong dollar and risking an inflation spike by keeping interest rates low.
[Rachel Evans | Bloomberg Business] -
At its first-ever cloud developer conference on Wednesday, Google unveiled its strategy to catch up to Amazon, Microsoft and others in the cloud computing space: Offer customers special Google machine-learning technology that they can't get from competitors.
[Mark Bergen | Re/code]
Top Stories from Re/code
Transportation
Fueling the Success of the Hydrogen-Powered Toyota Mirai Is a Balancing Act
Toyota has to match its distribution with the development of a viable network of hydrogen-fueling stations.
Media
Apple Music Partners With Vice to Feed Its Increasing Appetite for Exclusive Video
Today, a new series of music documentaries. Down the road: A Dr. Dre miniseries.
Culture
Microsoft’s Millennial Chatbot Is SmarterChild 2.0, but Lamer
Things that only kids who used AIM will understand.
Transportation
Volvo North America CEO: Having No Fatalities in Volvos by 2020 Will Require Autonomous Tech
Volvo has set a goal of having zero fatalities in its vehicles by 2020, but it'll take semi and fully autonomous technology to achieve that.
Security
How the FBI Might Be Hacking the San Bernardino iPhone Without Apple’s Help
NAND involves making backup copies of the phone's memory and restoring it if the device attempts to wipe the data after several failed password attempts.
Mobile
The Facebook Phone Would Have Been an ‘iPhone-Like Moment,’ Says the Exec Who Led It
Yves Béhar still has one of the prototypes, ex-Facebooker Chamath Palihapitiya says.
This Is Cool
"Silicon Valley" Stars Guess What Real Startups Do
Nutanix. Twilio. Gusto. These are real companies. They are worth hundreds of millions, if not billions, of dollars. The cast of HBO's "Silicon Valley" has no idea what they do (even if their characters would), and they got on camera for Wired to offer guesses. It's pretty NSFW.
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