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NL rookie of the year race between Juan Soto, Ronald Acuna Jr. is impossibly tight

The Braves' Acuna appears to be a runaway winner right now, but a closer look shows Soto had a tremendous impact on the Nationals.




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NFL Week 10 ATS picks: Panthers’ offense is trouble for Steelers

Pittsburgh has had trouble with the strengths of Carolina's offense.




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When the NBA zigs, the Warriors zag ... off screen after screen

Golden State has had one of the best offenses for the past five years and has done so while slowly moving away from the pick-and-roll.




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Jimmy Butler is fitting into the 76ers' system seamlessly

Butler hasn't had much practice time with the 76ers, but he's already acclimating to their preferred way of playing and closing out wins.




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Week 12 NFL betting tips: Andrew Luck and the Colts' win streak makes them a good value

The Colts' QB is playing at an MVP level, completing 83 of 112 attempts (74 percent) for 977 yards, 13 touchdowns and one interception during the Colts' four-game winning streak.




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The fantasy football players you need in your Week 12 lineup

Last Sunday, Jameis Winston started the game on the Buccaneers' bench. Here's why he needs to be in your lineup this week.




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Fantasy Football start/sit tips Week 12: Cowboys will have no trouble stopping the Redskins

Washington will be without their starting right guard, right tackle, left guard, left tackle, center and starting quarterback on Sunday, making the Dallas defense a very solid pickup.




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It’s time to stop sleeping on the Chargers’ Super Bowl chances

Since 2002, the first year the league expanded to 32 teams, the Chargers have made the playoffs six times, just one of which saw them advance further than the divisional round. That could change this season.




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The AFC’s final playoff spot is between the Colts and Ravens and no one else

Even with the Dolphins, Broncos, Bengals and Titans within striking distance, if you are hoping for a dramatic playoff push in the AFC to end the season, bad news: there won’t be any.




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The wild NFC East will largely shape crowded conference playoff race

Here’s what we know for sure about the NFC playoff picture: the Saints, Rams and Bears can make postseason plans. The rest is up for grabs.




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NFL Week 13 ATS picks: Ravens’ defense makes them a strong play

The Baltimore defense has produced a very effective pass rush lately.




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Offense was supposed to limit the Jazz. Instead, defense is the problem in Utah.

Last year, defense was the calling card of the Jazz. That's not the case this season.




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Week 14 NFL betting tips: The Cowboys' potential surges while the Packers’ fades

Meanwhile there's not much value left in division title futures, with the Los Angeles Rams (-15000), New Orleans Saints (-3300) and New England Patriots (-5000) are all huge favorites to win their respective divisions.




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The fantasy football players you need in your lineup for Week 14

There are a number of players with favorable matchups this week, but none as palatable as Cowboys WR Amari Cooper.




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NFL Week 14 ATS picks: Broncos, Texans will keep their win streaks alive

From 2003 to 2017, underdogs getting seven points or more at home were 94-72-1 overall against the spread and that includes a 43-26-1 ATS record in December and January.




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Week 15 waiver wire tips: Two helpful defenses available for the fantasy football playoffs

The fantasy football regular season has come to an end but that doesn’t make the waiver wire any less important, especially if you have been streaming quarterbacks and defenses to make it this far.




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Week 15 NFL betting tips: The Patriots are a terrible Super Bowl bet

The Patriots are coming off a devastating 34-33 loss to the Miami Dolphins yet were lucky to maintain their playoff position as the No. 2 seed in the AFC




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The fantasy football players you need in your lineup for Week 15




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NFL Week 15 ATS picks: Don’t trust the 49ers in divisional games

The 49ers are 1-9 straight up in their last 10 divisional games.




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Thanks to much-improved defense, the Thunder appears to be a legitimate threat to the Warriors

Almost everyone who played for the Thunder in 2017-18 and is also getting major minutes this season has improved their individual defensive rating.




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The NCAA’s lousy new metric is going to make March Madness even crazier

The NCAA tournament could be more entertaining than usual, if only because seedings may be less accurate than in past years.




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COVID-19 has ravaged ride-hailing companies, but an industry watcher says the crisis could make Uber stronger (UBER)

  • While ride-hailing has suffered from the impact of COVID-19, Uber is in a good position to survive the crisis, three analysts who cover the company told Business Insider.
  • Uber is in no danger of running of out money anytime soon, said Mark Mahaney, a managing director at RBC Capital Markets.
  • And a series of cost-cutting moves should make the company profitable by next year, said Dan Ives, a managing director of equity research at Wedbush Securities.
  • Uber's food-delivery service, Uber Eats, gives the company an advantage over ride-hailing competitors, since it allows homebound consumers to keep using its app, said Tom White, a senior research analyst at DA Davidson.
  • Are you a current or former Uber employee? Do you have an opinion about what it's like to work there? Contact this reporter at mmatousek@businessinsider.com. You can also reach out on Signal at 646-768-4712 or email this reporter's encrypted address at mmatousek@protonmail.com.
  • Visit Business Insider's homepage for more stories.

The ride-hailing industry has taken a major hit from COVID-19 as potential customers remain confined to their homes, but Uber is in a good position to survive the crisis, three analysts who cover the company said.

"Their business model will be intact on the other side of this," said Dan Ives, a managing director of equity research at Wedbush Securities.

A strong cash reserve will help. After ending the first quarter with $9 billion in cash and short-term investments, Uber has the resources to survive a scenario in which the prevalence of COVID-19 and its effect on consumer behavior last for the next two years, said Mark Mahaney, a managing director at RBC Capital Markets.

On Thursday, Uber disclosed its first-quarter financial results, reporting an adjusted loss of $2.9 billion on revenue of $3.5 billion during the first three months of this year. Uber CEO Dara Khosrowshahi said on a call with analysts that the ride-hailing company would cut $1 billion in fixed costs. The company has recently removed its food-delivery service — Uber Eats — from eight unprofitable markets, folded its electric bike and scooter business into Lime (Uber recently led a $170 million investment round in the company), and announced it will lay off about 14% of its workforce.

Those moves should help Uber become profitable in 2021 (the company predicted in February that it would turn a profit by the end of this year), Ives said. Uber's management, which had struggled in the wake of the company's 2019 IPO, has performed well in the current crisis by being transparent with investors and quickly moving to reduce expenses, Ives said. Investors signaled their approval of the company's strategy by sending shares up as much as 8% in after-hours trading on Thursday.

Uber Eats was one of the highlights of the company's first-quarter results, said Tom White, a senior research analyst at DA Davidson, as gross bookings grew 52% from the first quarter of 2019 to $4.7 billion. Eats gives Uber an advantage over ride-hailing competitors that don't have a similar service, as it allows the company to keep homebound consumers using its app, White said. Even after the toll of COVID-19 begins to subside, demand for online food delivery could see continued growth, he added.

But there are still challenges ahead for Uber. The company said rides fell by as much as 80% in April, and Ives projects that 30% of the customers for gig-economy companies like Uber, Airbnb, and Lyft won't use a ride-hailing service until there's a vaccine for COVID-19. Yet the pandemic could leave Uber better off in the long run, White said.

"I saw and heard enough [during Uber's first-quarter earnings call] that makes it harder and harder for me to think that these guys don't emerge from this pandemic probably in a stronger competitive position and a healthier and leaner operating position," he said.

Are you a current or former Uber employee? Do you have an opinion about what it's like to work there? Contact this reporter at mmatousek@businessinsider.com. You can also reach out on Signal at 646-768-4712 or email this reporter's encrypted address at mmatousek@protonmail.com.

SEE ALSO: Elon Musk's theater of the absurd is a sign of the times for tech

Join the conversation about this story »

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An Indian hospital is using robots with thermal cameras to screen coronavirus patients — here's how they work

  • A hospital in India is using robots to screen possible coronavirus patients.
  • The humanoid robot, called Mitra, uses a handheld thermal camera to evaluate patients before sending them on to healthcare workers.
  • Thermal imaging is being tested in other countries as a way to check for coronavirus symptoms. 
  • Visit Business Insider's homepage for more stories.

India is yet another country using robots to take some of the burden off of HealthCare workers, with a humanoid robot named Mitra that takes patients' temperatures using a thermal camera.

India's 1.3 billion residents have been under lockdown since March 24, and last week the orders were extended for at least another two weeks. "To save India and every Indian, there will be a total ban on venturing out of your homes," Prime Minister Narendra Modi said. In late April, some convenience stores were allowed to reopen, but specific rules vary by state.

The Indian government has also developed a controversial contact tracing app which shares residents' location constantly. More than 90 million people have reportedly already downloaded the app, and in at least one city, not having the app is punishable with six months in jail.

Meanwhile, these robots are being used in a hospital in Bangalore as the first screening for some patients who may have coronavirus. A pharmacy in Italy has implemented similar technology to screen customers for signs of infection. Here's how they work.

SEE ALSO: Stores in Italy are using robots to screen customers for mask wearing and high temperatures before they can go inside as the country reopens

The robots are a safer way for doctors to perform initial screenings of patients.



A tablet on one robot's chest allows doctors to video chat with patient without putting their own health at risk.



A thermal camera-equipped robot takes a patient's temperature without needing to touch them.



Using this information, healthcare providers can send patients to the appropriate specialist, and patients who are unlikely to have coronavirus won't be unnecessarily exposed.



After receiving a temperature reading, the robot gives the patient instructions for their next steps.



Some experts have suggested that temperature guns are not always accurate because they must be held at a specific distance, but the tablet mostly avoids that problem by instructing patients on where to stand.



Even the most accurate thermometers aren't a perfect measure to stop the virus, though. Infected people can go up to 14 days without showing symptoms, and some people never develop symptoms.

Source: Business Insider






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A blockbuster Facebook office deal is a make-or-break moment for the future of commercial real estate. 3 leasing experts lay out the stakes.

  • Facebook has been in negotiations for months to lease over 700,000 square feet at the Farley Building on Manhattan's West Side. 
  • Office leasing activity in the city has plummeted, giving the blockbuster deal even more importance as a sign of life in a suddenly lethargic market.
  • The coronavirus has spurred a deep downturn in the economy that is already being felt in the city's commercial real-estate market, prompting a big slowdown in leasing activity.  
  • The rapid expansion of tech in recent years has propelled the city's office market. Real estate execs say that Facebook's big deal is a key barometer. 
  • The crisis also raises questions whether tenants will ever occupy office space the same way as companies and their workforces around the world grow familiar with remote work. 
  • Click here for more BI Prime stories.

Leasing activity in New York City's multi-billion-dollar commercial office market has dropped precipitously as the coronavirus has battered the market and raised questions of when — and even if — tenants can return to the workplace in a post-Covid world.

Amid the growing concerns the crisis will smother what had been robust demand for office space, eyes in the city's real estate industry have turned to a pending blockbuster deal on the West Side that could offer a signal of confidence to the market.

Facebook is in talks to take over 700,000 square feet of space in the Farley Building, a block-long property across Eighth Avenue from Penn Station.

"If that deal happens, then this market will be just fine," said Peter Riguardi, the New York area chairman and president of JLL. "If the deal happens but it's renegotiated, it will be fine, but it will be a trend that every tenant can follow. And if it doesn't happen, I would be very concerned about the market."

Read More: Inside the drama over control of the iconic Chrysler Building: A real-estate tycoon and a prestigious college are renegotiating a critical $150 million deal.

Facebook's NYC real-estate footprint

Last year, Facebook signed on for 1.5 million square feet in the Hudson Yards mega-development just west of the Farley Building, taking space in three new office towers at the project.

For months the $600 billion Silicon Valley-based social media giant has been in negotiations for even more space at the nearby Farley Building, whose interior landlord Vornado Realty Trust is redeveloping to include newly built office and retail space.

Vornado had originally expected to complete the deal with Facebook in early March, according to a source familiar with the negotiations. The talks have continued on as the virus pandemic has brought commerce and social life to a virtual halt. The source expected the lease, which will commit Facebook to pay hundreds of millions of dollars in rent for the space over the life of the lease, to soon be completed.

In a conference call with investors and analysts on Tuesday to discuss Vornado's first-quarter earnings, the company's CEO Steve Roth also hinted that the Facebook deal was still on track.

"There's another large tenant that has been rumored to be that we've been in dialogue with," Roth said, not directly naming the company. "That conversation is going forward aggressively and hopefully maybe even almost complete."

Rapid growth in Big Tech leasing before coronavirus

Recent real-estate decisions by Facebook and other tech companies have worried real-estate executives that they may reconsider their footprint after years of dramatic growth. Facebook on Thursday revealed that the bulk of its over 40,000-person workforce will be asked to work remotely for the remainder of the year, a timeline that appears to show the company is using caution in returning to its footprint.

Read More: Neiman Marcus just filed for bankruptcy, and it could mark a major blow to NYC's glitzy Hudson Yards — one of the most expensive mega-malls in US history. Here's why.

Real-estate executives have expressed concern that tenants may become accustomed to offloading a portion or even the bulk of their workforce to a remote-working model, leading them to drastically reduce their office commitments.

At a minimum, the economic upheaval has appeared to spur a newfound sense of caution in tech companies that have grown rapidly in recent years. Alphabet called off negotiations to expand its San Francisco offices by over 2 million square feet in recent weeks, according to a report from The Information.  

Tech has been a big driver of demand for office space

In recent years the tech industry had become one of the most voracious takers of space in the city, helping to push up commercial rents and spur the construction of new office space.

In 2019, tech firms accounted for 24.5% of the 31.6 million square feet of leasing activity in Manhattan, eclipsing the financial industry as the city's biggest space-taking sector for the first time, according to data from the real estate services and brokerage firm CBRE.

In 2010 tech leasing comprised just 4% of the 24.2 million square feet that was leased in the Manhattan market that year, CBRE said.

"Nothing has buoyed the confidence of landlords more in recent years than tech tenants," said Sacha Zarba, a leasing executive at CBRE who specializes in working with tech firms. "It didn't matter where your building was. If it was attractive to tech, you would stand a good chance to lease your space. If that industry retrenches a bit, it removes a big driver of demand."

The Manhattan office market has slowed rapidly in recent weeks as the virus crisis has battered the economy and shut down daily life.

About 844,000 square feet of space was leased in Manhattan in April, according to CBRE, 64% lower than the five-year monthly average. In the first four months of the year, nearly seven million square feet was leased, a decline of 30% for the same period a year ago. 

So far, however, there are signs that tech continues to snap up space.

After scuttling plans to develop a 25,000 person second headquarters space in Long Island City last year, Amazon purchased 424 Fifth Avenue, a former flagship department store for Lord & Taylor, for nearly $1 billion in March. That property totals about 660,000 square feet. Late last year, before the pandemic hit U.S. shores but had flared in China, Amazon also leased 335,000 square feet at 410 Tenth Avenue.

The commitments of major tech companies absorb millions of square feet in the city, but they also help fuel a larger ecosystem of tenants that occupies an even larger footprint. That means that a decrease in the real estate of just a few big tech players could be multiplied across the market as smaller players in the sector follow suit.

"Those big tech firms do a fantastic job of training and credentialing tech talent on the city," said Matt Harrigan, a co-founder of Company, a space incubator at 335 Madison Avenue that provides offices and community for both startups and more established tech firms. "Google and Facebook spin off talent who start or join other tech ventures that take space. That's what's so important about having the large presence of those companies here."

Have a tip? Contact Daniel Geiger at dgeiger@businessinsider.com or via encrypted messaging app Signal at +1 (646) 352-2884, or Twitter DM at @dangeiger79. You can also contact Business Insider securely via SecureDrop.

SEE ALSO: What to expect when you're back in the office: 7 real-estate experts break down what the transition will look like, and why the workplace may never be the same

SEE ALSO: Major tenants are delaying big leases in NYC as they re-think their office space needs for the post-coronavirus world

SEE ALSO: As WeWork and flex-space rivals stumble, 18 million square feet of space in NYC is at risk. Here's what that means for the real-estate market.

SEE ALSO: BI Prime Edit in Viking Neiman Marcus just filed for bankruptcy, and it could mark a major blow to NYC's glitzy Hudson Yards — one of the most expensive mega-malls in US history. Here's why.

Join the conversation about this story »

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These 19 enterprise tech companies are still hiring during the coronavirus crisis — including AWS, Slack, Box, and Okta

  • Business Insider surveyed enterprise technology companies to determine who's still hiring amid the coronavirus pandemic.
  • Companies like Amazon Web Services, Slack, Okta, Box, and Zoom are actively hiring, while others like Microsoft, Google, and SAP have slowed hiring to prioritize recruiting in key areas.
  • Below is a list of 19 enterprise tech companies that are hiring, and the types of roles they are trying to fill.
  • Visit Business Insider's homepage for more stories.

As companies across industries slow or stop hiring amid the public health and economic crisis caused by the coronavirus, Business Insider surveyed enterprise technology companies to find out who is still hiring, and the types of roles they're trying to fill.

The results include companies actively hiring — such as Amazon Web Services, Slack, Okta, Box, and Zoom — while others like Microsoft, Google, and SAP have slowed hiring to prioritize recruiting in key areas.

Responses come directly from companies, but be aware that hiring alone may not paint a complete picture of what's going on at each one. VMware, for example, told Business Insider that it's hiring, particularly in a few key areas related to its cloud business — but also told employees in an internal memo that it was freezing all salaries.

Oracle, Nvidia, and Palo Alto Networks declined to comment on whether they are still hiring. Workday, Adobe, IBM, Cisco, Stripe, Qualcomm and HP did not reply to requests for more information.

Here are 19 enterprise companies still hiring in some form amid the pandemic, and what they're looking for:

Amazon Web Services is actively hiring, with no hiring freezes in place, the company says. Amazon at large has more than 20,000 job postings in US corporate roles.

 

 

 



Slack is "actively hiring," in a range of positions including engineers, data scientists, designers and customer experience experts, a spokesperson told Business Insider.

The company has moved to a virtual hiring process – all interviews are conducted over video and onboarding happens remotely.

Slack has 213 open positions listed on its website at the time of this writing.



Box is "currently hiring," a spokesperson said, across roles in engineering, sales, marketing, customer success, finance, compliance, business operations, product and product design.

Box's website listed 76 open jobs at the time of this writing.

In additional to moving interviews online, the company has introduced new practices like virtual coffee chats with candidates and videos from employees to learn more about Box's culture. For new hires, the company has switched start dates to once per month and started a buddy system to help with onboarding.

 



Zoom is hiring across the US and internationally for positions including in sales, engineering, legal, and security.

"We did have an extremely ambitious hiring goal already for this year," Lynne Oldham, Zoom's chief people officer, recently told Business Insider. "So where we're seeing additional need is around the places that we touch the customer."

The company had 81 open positions listed on its website as of this writing.



DocuSign "has moved forward with its hiring as previously planned," a spokesperson said, and is hiring in roles across customer services, sales and business development, engineering and IT, marketing, finance, legal, and workplace teams.

The company is also continuing its internship program virtually and plans to bring on more than 100 interns this summer.

DocuSign had 338 positions listed on its careers website as of this writing.



Dell-owned VMware is still hiring, a spokesperson said, and has "hundreds of open roles across R&D, IT, sales, customer services and support, marketing, finance, HR, legal, and business administration."

But the company is also freezing salaries and suspending retirement matching, according to a memo obtained by Business Insider. A spokesperson confirmed that "there have been a number of cost management changes impacting the VMware workforce."

VMware interviews take place virtually.



Microsoft has frozen hiring for some roles, citing uncertainty related to the coronavirus crisis.

"We continue to seek industry-leading talent in a range of disciplines as we continue to invest in certain strategic areas," a Microsoft spokesperson told Business Insider last month. "However, in light of the uncertainties presented by COVID-19, we are temporarily pausing recruitment for other roles."

Microsoft declined to provide more information about for which positions it's still hiring, and which roles are seeing a pause in hiring.

Microsoft's subsidiaries include LinkedIn and GitHub.



German software giant SAP is still hiring in essential areas, but has pledged to reduce hiring and discretionary spending as "precautionary measures" during the pandemic.

The company "will continue to hire carefully selected people into roles that will rapidly contribute to our competitive edge,"a spokesperson said, which it said include in "essential areas" such as innovation, and research and development. 

SAP said its candidate selection has remained the same, but the interviews are conducted virtually. New hires are onboarded virtually and sent SAP-issued equipment to their private addresses so they don't have to go to the office.



Google is slowing down hiring for the remainder of the year, CEO Sundar Pichai told the company in an email seen by Business insider.

Pichai said the company is enacting a hiring freeze on all but a select few "strategic areas" for the remainder of 2020. He wrote in the email that the company needed to "carefully prioritize" recruiting employees to serve its "greatest user and business needs."



Dell Technologies is not "hiring broadly," but subsidiary companies like VMware and Secureworks still are, a Dell spokesperson told Business Insider.

Dell Technologies is still continuing its early-in-career programs and summer internships, although they've become remote. 

"We are constantly evolving our hiring strategy based on business needs," the spokesperson said.



Okta is still actively hiring, Okta's chief people officer Kristina Johnson confirmed to Business Insider.

"We're continuously evaluating what we need as a business during this time, listening to customers, and tailoring our hiring plans to meet those needs," Johnson said. "Okta is in a unique position during this uncertain time in that we had the right infrastructure in place from the get-go to make remote work and remote on-boarding fairly routine."

Okta's main hiring focus areas are in customer service, engineering, and sales, Johnson said. 



Dropbox has temporarily halted its recruiting efforts to figure out the process for onboarding people remotely.

"What we actually ended up doing was we took a pause to just take stock of our onboarding and our approach to onboarding because we wanted to make sure that we weren't bringing people on and that they actually weren't effectively able to onboard," Dropbox COO Olivia Nottebohm told Business Insider.

It's still hiring but has slowed down, only hiring for targeted roles, meaning it's up to managers to hire for key, business critical roles.

"We're trying to just be prudent and nd not get ahead of ourselves given the macro environment that we're in, but we are moving forward to hiring targeted roles," Nottebohm said.

While Dropbox plans to honor pending offers and ongoing interview processes, interviews for new applicants have been put on hold. The college internship program will also take place in the summer remotely.

"Fully remote recruiting and onboarding into a new company comes with unique challenges — bringing new hires into Dropbox takes a great deal of collaboration between many teams, including hiring managers, learning and development, IT, benefits, and recruiting," a Dropbox spokesperson told Business Insider.  

"In order to ensure we're onboarding new hires effectively and managing the strain on these teams during the shelter-in-place orders in effect across the globe, we've paused recruiting efforts temporarily," the spokesperson added.  



In April, ServiceNow promised not to lay off any of its 11,000 employees and also said it plans to keep hiring worldwide this year.

"With this new no layoffs pledge for its 11,000-plus global workforce, ServiceNow continues to take a leading role in how technology companies are responding to this health crisis by helping its own employees and customers get through these challenging and uncertain times," Shane Driggers, vice president of Global Talent Acquisition at ServiceNow, said in a statement to Business Insider.

The company expects to create and fill more than 1,000 new jobs in the US and more worldwide by the end of the year, Driggers says.

"We are leaning into hiring for engineering and sales roles as well as other functions across the business," Driggers said.



Splunk is still hiring for a number of positions across the organization, a spokesperson told Business Insider. Open roles include positions in engineering, sales, finance, accounting, and information technology.



Square is still hiring and focusing on roles like software engineering, data science, product design, sales, marketing, operations, and finance, a spokesperson told Business Insider.

"We are continuing to hire in the US and internationally, focusing on roles that we believe will be the most important to our customers and our business in the coming months," a Square spokesperson said. 

Currently, Square has over 100 open roles. 



Twilio is still hiring across the board and not slowing down, a company spokesperson told Business Insider. There are still open roles in engineering, services, sales, product, and more.



Intel has slowed down external hiring, a spokesperson said. "We have slowed external hiring, but we currently have approximately 1000 open positions that we are actively hiring for."

 

 



Atlassian is still hiring across the board, a spokesperson confirmed. This past March was its strongest month of hiring in its history, the company said, as it brought on about 200 new hires. At the end of March, Atlassian had 4,457 employees.



Zendesk is still hiring roles that are "key to our business," but "deprioritizing" the ones that are not as critical.

Zendesk is still hiring roles that are "key to our business," but "deprioritizing" the ones that are not as critical, a Zendesk spokesperson said.

"In response to the global COVID-19 pandemic, Zendesk has been focused on helping our employees, customers, and community at large navigate their immediate needs and plan for the future in this new world," the spokesperson told Business Insider.

The spokesperson said that Zendesk is continuously looking at how to manage its operations to become more efficient and productive, while minimizing disruption to customers. 

"This is standard for all businesses that are looking at their immediate and long-term strategies in order to position themselves for growth," the spokesperson said. "We believe in the strength of our business and our employees, and the resiliency of our customer base, and are in a good position to weather this crisis and emerge as a better, stronger company."






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Silicon Valley VCs have a new obsession that perfectly captures the grave danger facing startups : How long is your 'runway'?

Startups are facing what could become the worst economic downturn in several decades, and VCs are begging them to take drastic measures to improve their chances of making it through. 

Most Americans who lived through the 2008 financial crisis will know that a savings stockpile or rainy day fund can mean the difference between surviving and thriving during tough times, but as recent studies have shown, many tech startups and VC firms don't have a similar first-hand experience; many have only known boom times and are now venturing into uncharted waters.

One thing VCs agree on is that startups need to quickly rein in growth plans — ideally as soon as yesterday — and start scrutinizing expenses. Anything nonessential should be cut or suspended indefinitely, headcount should be reduced, and pricey office leases eliminated if possible, all with the goal of extending a startup's "runway."

In Silicon Valley, runway refers to how much cash a startup has on hand to put against its operating expenses. If, for example, a startup has roughly $100,000 in monthly operating expenses and has $1 million in the bank, they are looking at a 10-month runway, assuming revenue stays roughly flat.

In the days before the coronavirus pandemic, a startup's runway dictated when it had to start looking for additional funding. Instead of cutting expenses, the popular solution was to simply put more VC money in the bank. This helped high flying startups like Uber and Airbnb expand at a breakneck pace — VC dollars kept pouring in and the companies remained unprofitable as they chased growth at all costs.

But now, VCs are saying that's no longer an option. Founders Fund general partner Keith Rabois said on a podcast recently that profitability is now being rewarded much more than high-growth. 

For startups that aren't profitable, that means hunkering down and ensuring there are enough reserves to last through the crisis.

So how long does the runway need to be? 

Many VCs that Business Insider has spoken to are advising their startups to have at least 18 months of runway. But some VCs say startups should have upwards of 3 years' of expenses saved up. 

The length of time can vary depending on the startup, one investor told Business Insider, pointing to the startup's age and industry as important factors. An early-stage company with a handful of employees and low-overhead costs might easily stretch a $500,000 seed check, whereas a growth-stage biotech startup with hundreds of employees, expensive hardware, and pricey office space might struggle to make tens of millions of dollars in funding make it through 12 months. Those that can't cut costs will be forced to fundraise with poor terms and risk the dreaded downround

"You can always easily dial back up the aggressiveness and risk profile if we get more optimistic visibility, but if you don't take action right away — to preserve capital, cut your burn rate, have fundamentally attractive unit economics, edit the product to make more sense in the new world order — if you don't do those right away, the opportunity to do those things and survive is probably lost forever," Rabois said in the April Talkshow broadcast.

Rabois is in the camp of pessimists, generally speaking, who think the economic downturn will not only drag on through 2020, but could eventually turn into an economic depression the likes of which could rival the Great Depression of the 1930s. He said that his VC peers are starting to rein in the freewheeling deal-making that has defined the last two decades of the Silicon Valley startup ecosystem, and are now treading cautiously. It's time that startups do the same, he said.

SEE ALSO: Lower valuations and a long wait for funding: Two top early-stage VCs dish on how they are counseling startups to withstand long-term economic uncertainty

Join the conversation about this story »

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The office as we knew it is dead

  • The coronavirus crisis has proved that companies can remain productive over Zoom. 
  • Remote work will become more common than ever, which will mean fewer people head to the office. 
  • Office designs will change to be centered around collaborative work, and there could be a revival of the suburban office. 
  • To read more stories on the future of the office, click here.

Coronavirus has changed the office forever.

The dense, urban, open-floor plan office has been the defining feature of offices over the last 20 years, with tightly packed flexible-office and coworking locations from companies like WeWork the biggest exemplars of the trend. A recent report by JLL found that up to 70% of all office spaces in the first quarter of 2020 were mostly or partially open floor offices. 

These sorts of offices are nightmares for the transmission of a virus that feeds on density, and they may end up as artifacts of the pre-pandemic start of the 21st century. Remote work, rumored to be waiting in the wings to kill the traditional office since the invention of the fax machine, has finally had its day. 

CEOs, like James Gorman at Morgan Stanley and Jes Staley at Barclays, have questioned the need for their pre-virus office square footage. They've had success running their businesses totally remotely, so why not save a couple of bucks on one of their biggest costs.

But the office won't die altogether. Instead, as the workplace has countless times before, it will evolve.

The evolution will begin with the short-term solutions that will make offices safe before a coronavirus vaccine. These changes will act like a bridge to the future of the workplace: some of these short-term changes will stick and some will eventually look as quaint as this photo of a masked-typist clacking away on a typewriter during the Spanish Influenza epidemic. 

The long-term evolution of the office will be decided in the coming months and years, as companies rethink their business plans to be flexible and resilient to retain productivity in a crisis.

While the loss of life and psychological pain of the pandemic, and the economic crisis following in its wake, are staggering, businesses are seeing it as an opportunity to make foundational changes to how and where they operate.

The choices that companies make now will decide what the office looks like in five years.  

Read more: The coronavirus is a 'nuclear bomb' for companies like WeWork. 10 real-estate insiders lay out the future of flex-office, and how employers are preparing now.

Remote work is here to stay

We're in the midst of the largest work-from-home experiment ever, which will likely be the beginning of a "paradigm shift" towards remote work. Executives and workers alike have seen first hand that business operations can continue online. 

A recent Colliers survey found that 4 in 5 employees hope to work remotely at least once a week after the coronavirus crisis ends. A Gartner survey this March found that 74% of 317 CFOs, half of which oversee the financials of companies with revenue above $1 billion, plan on shifting some employees to permanent remote work. 

Some organizations have already changed their remote work guidelines: Zillow's 5,000 employees will be able to work remotely at their discretion through the end of the year. Others, like Refinitiv, Tradeweb, Nationwide, and the aforementioned Barclays and Morgan Stanley, are signaling that their guidelines will also change. 

"We used to joke about meetings that could have been emails, but now we'll wonder why we can't just do them in our pajamas with our pets on video conference," Nancy Dubuc, Vice Media Group CEO, told Business Insider. "There's a balance of course because some work is actually more productive and better done in person, but it will never need to be 5 days a week, all day every day again."

When these companies begin to shift their business models to accommodate remote work, the office will change. They may cut back on individual workspaces and increase investment in collaborative spaces, turning the office into a cultural and training hub.

"This (more remote work) means adapting some of the office structure to help this way of working succeed, with even more video facilities and more flexible group spaces for brainstorming sessions," Luke Ellis, CEO of investment manager Man Group, told Business Insider

Most leaders aren't considering going fully remote. Instead, they're going to use office space differently, and could potentially even cut back on space. PR giant BCW Global's CEO Donna Imperato is considering taking less office space as more employees work remotely, for example.

"I'm not sure we'll go back to office seating," she said. "We won't need as much real estate because more people will start working from home. That's a cost saving, and they become more productive." 

Read more: The CEO of the third-biggest PR firm BCW lays out how the company will outperform its peers in a tough year

Arnold Levin, director of strategy for the southwest at leading architecture and design firm Gensler, told Business Insider about one health insurance client that had been looking to cut down on their 500,000 square foot office portfolio before the pandemic. Levin produced a plan that utilized desk-hoteling to cut the footprint down to 320,000 square feet, and presented it over a video chat in the midst of the lockdown. 

The CEO told Levin that their workforce had been so effective at working remotely that they actually would prefer to cut back on an all individual workspace in their offices. They're now planning to operate in one 80,000 square foot office building, using it for training, large meetings, and to entertain clients. 

Read more: What to expect when you're back in the office: 7 real-estate experts break down what the transition will look like, and why the workplace may never be the same

Why remote work won't kill the office completely

If every company were to shrink their footprint as drastically as Levin's client, the commercial office market would crumble. This is unlikely to happen for a couple of reasons. For one, if less people came into the office, but offices became less dense to make social distancing possible, companies might still need just as much office space. 

"We, like everyone else, have dreams of reducing our real estate footprint," MSCI CEO Henry Fernandez told Business Insider. However, that dream is constrained by the realities of social distancing.

"The flipside of that is whatever real estate you occupy, you will consume a lot more of it because we have to social distance," Fernandez said.

A whitepaper by Michael Colacino, president at office space company SquareFoot, walks through the reasons why he thinks that the reduction in office space likely won't approach the roughly 25% decrease that's estimated by some experts.

Executives, already most likely to work remotely before the pandemic, would have to give up their dedicated office space, which is usually much larger than a typical employees. Other employees would have to turn to hot-desks (desks that are on a first-come-first-serve basis) and shared workspaces instead of offices or assigned desks.

Hot-desking would lead to an almost-unsolvable coordination problem: how do you make repeatable schedules that prevent the office from getting too crowded while also making sure that the correct people are in the office for any in-person activities, like trainings or meetings? Hot-desking also requires a large amount of cleaning to prevent spread of the coronavirus.

Without workers going remote full-time, the office space won't be able to shrink much. Colacino's model predicts that space demand will shrink about 5%. Given the long length of leases and the high costs associated with breaking a lease or finding a subletter, this shrinkage will happen over a horizon of years, blunting the impact.

Read more: Major tenants are delaying big leases in as they re-think their office space needs for the post-coronavirus world

How do we make offices safe?

Before the advent of a coronavirus vaccine, the near-term return to the office will require lots of operational and technological changes to prevent spread of the virus. The psychological effects of the crisis, and the reality that global catastrophic events are likely to become more common as a result of climate change, means that these changes won't disappear once the virus becomes a distant memory.

"What is going to be the long-term imprint psychologically on any of us?" Levin from Gensler said. "We wake up in the morning, we hear about the virus and we hear about the death tolls. We go to bed, we hear about the death tolls."  

Offices may not feel safe even after a vaccine, and it will be up to companies to make employees feel safe. After 9/11, office buildings in major cities began to add turnstiles and security desks to prevent potential terrorist attacks, and surveillance increased in pretty much every public space. This sacrifice of privacy for security will happen in the office after coronavirus.

Surveillance in a pre-coronavirus office largely meant the watchful eye of a manager trying to see who is scrolling Instagram at their desk or watching a daytime baseball game in the corner of their computer monitor.

After coronavirus, surveillance will include everything from temperature checks at a building entrance to the mandatory installation of contract-tracing applications on an employee's smartphone, all of which are allowed under legal guidance offered by the Equal Employment Opportunity Commission and the Center for Disease Control, according to a Goodwin Procter legal analysis. 

In China, 80% of Class A office buildings are requiring temperature checks at the entrance to the building to prevent the spread of the virus, according to a JLL report

Artificial intelligence company Landing AI has developed demo software that uses video to flag inadequate social distancing in the workplace in real time. AI-enabled video surveillance and utilization monitoring sensors are likely to become much more common.  

The limiting factor for a lot of these changes is their cost, magnified by the economic tightening underway right now.  

"(The costs) add insult to injury within the environment we're operating in," Andrew Sucoff, chair of Goodwin Procter's Boston real estate practice.

Read more: Mandatory temperature-taking is largely seen as a critical way to return workers to offices. But some big NYC landlords are worried about its effectiveness.

The return of the suburban office

Some businesses are considering alternating desks or erecting temporary barriers in the short-term. In the long-term, companies are considering everything from erecting walled, private offices to moving to suburban office spaces. 

A forthcoming report by Dr. Victor Calanog, head of commercial real estate economics for Moody's Analytics REIS traces the last time the suburban office came into, and out of vogue.

In the 1980s, with crime at approaching record highs and federal and state aid to city budgets shrinking, there was a professional-class exodus from the city to the suburbs. Corporations followed suit on a slightly delayed time scale, given the length of typical office leases: from 1989 to 1997, suburban market inventory expanded 1.7 times faster than inventory in cities's central business districts. 

By 1997, suburban office vacancies were 1.8% lower than central business district vacancies, and by 1998, the Building Owners and Managers Association said that the suburban office will be the top real estate investment of the next five to ten years. 

That did not come to pass. City budgets increased, crime fell, and professional workers began to move back to the city. Simultaneously, internet technology and increasing office density lowered demand for office space. The city became the ideal location for office space once again. 

This cycle may repeat itself, with the pandemic replacing crime and budgetary constraints. After 9/11, Morgan Stanley moved employees to offices in Westchester County, New York a suburb outside Manhattan. Before the total coronavirus lockdown, Morgan Stanley moved traders back to the same office again. 

Why is this time different?

The death of the office has been foretold for a while now, but hasn't come to pass.  Dr. Calanog told Business Insider that people have been theorizing the death of the office since the arrivals of the fax machine and the internet.

Levin, from Gensler, told Business Insider that consultants thought the Great Recession would be the catalyst for the future of the office, where "everyone will be like Google." 

The mood at the time is best summed up by a Rahm Emmanuel catchphrase from 2009, by way of Macchiavelli and a pit stop with Naomi Klein: "Never let a crisis go to waste."

"People had short-lived memories," Levin said. "Some changed, but a vast majority went back to cramming as many people into a space as possible." 

This time is different, says Dr. Calanog, because of the international scope of the change and the duration of the shock, which still has no obvious end date. 

Levin said that, instead of focusing on tactical changes or the ideal model for the future office, he's asking clients deep questions about their goals and principles and the threats to their current business model. 

"The best thing is to avoid clever trends and quick fixes, and have organizations face this new reality," Levin said. 

Levin said the organizations that are using this time to realign their business model to be more adaptable will be the most successful going forward. Any changes they make to their office and workplace should flow from that realignment.

"I think organizations are going to see more of a connection with a need to change their business models and how the workplace connects to that for the first time."

SEE ALSO: What to expect when you're back in the office: 7 real-estate experts break down what the transition will look like, and why the workplace may never be the same

SEE ALSO: Mandatory temperature-taking is largely seen as a critical way to return workers to offices. But some big NYC landlords are worried about its effectiveness.

SEE ALSO: 'We should be prepared for a new normal': 3 real estate experts on how the coronavirus is transforming offices and accelerating the rise of industrial property

Join the conversation about this story »

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Dock workers in Belgium are wearing monitoring bracelets that enforce social distancing — here's how they work

  • Dockworkers in Belgium are wearing bracelets to enforce social distancing.
  • The bracelets were already used to detect if someone fell into the water, but now they will sound an alarm if workers get to close to each other.
  • Manufacturers say there is no privacy issue and the bracelets don't track workers' locations, despite concerns.
  • Visit Business Insider's homepage for more stories.

Quarantine and social distancing are going high-tech as countries and companies embrace wearables. In Antwerp, Belgium, dockworkers are instructed to wear bracelets that enforce social distancing rules while they work.

Europe, where more than 100,000 people have died from COVID-19, is slowly starting to reopen in some places. Stay at home orders are expiring in many countries, while nonessential travel has stopped across the EU, and countries look towards the summer to anticipate what kind of travel might be possible. 

People are beginning to go back to work, which in some sectors means inevitable close contact, especially in many essential jobs. Social distancing bracelets in Belgium are one idea bing tested to see what the future of work might look like after coronavirus.

Here's how it works. 

SEE ALSO: People arriving in Hong Kong must wear tracking bracelets for 2 weeks or face jail time. Here's how they work.

The black, plastic bracelets are worn on the wrist like a watch.



They're made by Belgian company Rombit, which says that they are "a fully integrated personal safety and security device, specifically designed for highly industrial environments."

Source: Romware



Rombit already made bracelets useful in the port setting, which could be used to call for help if a worker fell into the water or another accident occurred.



Europe is slowly starting to go back to work, but fears of a second wave are making officials cautious.



Contact tracing is one solution being explored around the world, and the manufacturers of the bracelet believe it could also be used for contact tracing.

Source: The Associated Press



European health guidances say to wash hands, wear masks, and keep at least 1.5 meters, or about five feet, apart.



When two workers are less than five feet apart, the bracelets will sound warnings.



Rombit CEO John Baekelmans told Reuters that the bracelets won't allow companies to track employees' locations, because the devices are only connected to each other. He says there is no central server.

Source: Reuters



Workers in the control tower will be the first to test the bracelets early this month.



Then, the Port of Antwerp will likely expand the devices to tug boat workers.



Baekelmans told Reuters that Rombit already had hundreds of requests in 99 countries, and is hoping to ramp up production to 25,000 in a few weeks.






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All the coolest features of every Tesla vehicle ever made or unveiled, ranked (TSLA)

  • Tesla's vehicles are and always have been crammed with great ideas.
  • These range from touchscreen interfaces to innovative battery designs to staggering acceleration.
  • I've driven or experienced every vehicle Tesla has ever sold or intends to sell in the future.
  • Here are all my favorite features, ranked.
  • Visit Business Insider's homepage for more stories.

In about two decades, Tesla has done what everyone in the auto industry thought was impossible: create an all-electric brand that could sell hundreds of thousands of vehicles.

Tesla could have done that in a boring or modest way, developing  the equivalent of an electric VW Beetle.

Instead, Tesla made fantastically compelling cars that are fast, look amazing, and are packed with features.

Here's a rundown of all my favorites, ranked from bottom to top:

FOLLOW US: On Facebook for more car and transportation content!

Tesla has been in business for 17 years. In that period of time, it's consistently captivated the world not just because it makes all-electric cars, but because those cars have always been packed with cool features.



"Easter eggs" — frivolous little extras that Tesla throws in whenever it does software updates. Owners enjoy finding them.



The Model X's falcon-wing doors. Dramatic, slightly impractical, and a nightmare to manufacture. But Tesla has the only SUV on the road with such an exotic feature.



Bioweapon Defense Mode uses a powerful filtration system to render the interior air quality of the Model X or Model S "hospital grade," according to Tesla.



The Model X's 5,000-pound towing capacity. Nobody ever talks about it, but the Model X can tow a goodly amount for an electric SUV. It's very competitive with gas-powered SUVs that tout their capabilities.



The large, central portrait touchscreen on the Model S and Model X. This mega-tablet interface was a revelation when Tesla first introduced it on the Model S in 2012, but it's now emulated throughout the auto industry. It's actually canted slightly toward the driver.



Aero Wheels on the Model 3. The proprietary design is standard on the vehicle, enhancing airflow, reducing drag, and improving range.



Ludicrous Mode. The acceleration feature — which followed Insane Mode, first rolled for the all-wheel-drive Model S — enables Teslas to cover the 0-60 mph sprint at supercar-like velocities.



Frunks! All Teslas currently on sale have front trunks, expanding their cargo capacities. Having no gas engine helps to free up space.



Trunks! Teslas are commendable cargo haulers because they're effectively boxes on top of battery packs, creating ample space for luggage, groceries, of gear.



Quiet. In operation, Teslas are notably quiet and smooth, thanks to the optimization of airflow, solid build quality, and mostly silent electric motors.



The Tesla smartphone app. I've actually tested a number of these from assorted manufacturers, but Tesla's is the only one that's truly useful. For the Model 3, it replaces the traditional key fob.



The glass roof of the Model 3. It creates a stunning silhouette and floods the cabin with natural light.



The space-age operators' platform in the cab of the Tesla Semi. This space — clearly anticipating a time when semi-trucks drive themselves — is the most futuristic thing Tesla has ever designed.



Roadsters in space. CEO Elon Musk's personal Tesla Roadster was launched atop the SpaceX Falcon Heavy rocket in 2017, as a test payload. Piloted by "Starman," it set a new standard for automotive marketing.



Tesla's in-house audio system. Most luxury brands partner with a big-name audio company for premium sound systems, but Tesla developed its own — and it sounds absolutely fantastic.



Charge monitoring and mapping. Charging is among the most important things Tesla has to think about, so the company has made it a priority to track it in the vehicle and via the app, as well as to plot road-trip courses that use GPS navigation to permit island-hopping from charging location to charging location.



Navigate on Autopilot combines Tesla's GPS mapping system with Autopilot's ability to execute lane changes and freeway on- and off-ramping maneuvers.



The new Roadster's staggering performance specs. The all-new machine has a claimed 0-60 mph time of 1.9 seconds, making it the fastest production vehicle in the world.



The Model 3's consolidated vehicle-management system and central landscape touchscreen. Almost every aspect of the Model 3 is controlled here, and the traditional instrument cluster has been moved to the left side of the screen, and streamlined.



The radical design of the Cybertruck. In late 2019, Tesla had fallen into a design rut. The otherworldly, stainless-steel Cybertruck changed all that. Controversial to be sure, but also thrilling.

Read about the Cybertrucks' rad design.



Manufacturing simplicity. Electric cars are less complicated to build than gas-powered ones. Tesla has designed its factory in China to optimize this aspect of production, which could support and enviable profit margin for Tesla in the 20-30% range.



The white interior. It's an extra, but a very popular one. I was initially skeptical, but I'm now a fan. After all, it survived a 700-plus-mile family road trip!

Read about the road trip.



Over-the-air software updates. Just like smartphones, Teslas can be routinely upgraded while sitting in owners' driveways. This means that an older Tesla can acquire new features quite literally overnight.



The Supercharger network. Access to DC fast-charging used to be a lifetime perk for Tesla owners, but Tesla has begun to bill for the service. Still, it enables longer road trips and is completely integrated with each Tesla vehicle's systems.



Tesla's design philosophy. Head designer Franz von Holzhausen and Elon Musk argue that it doesn't cost anymore to make Teslas beautiful. But von Holzhausen has also exercised tasteful restraint, ensuring that Tesla's vehicles have a long market life.

Read about Franz's design influence.



Performance! Tesla vehicles have always combined electric virtuosity with industry-leading performance. Owners can usually expect to be driving one of the fastest cars on the road.



Battery design. Tesla has taken a complicated, multi-cell concept — thousands are wired together in packs — and perfected it, yielding impressive range and performance. The company also manufactures its own packs, in partnership with Panasonic.



The Model 3's minimalist driving experience. With the clean dashboard, you can focus on the road ahead. It's a blissful thing and my top Tesla feature.



The bottom line is that while plenty of other automakers put cool features in their cars, Teslas are crammed with ideas, ideas, and more ideas.






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Facebook's fight against coronavirus misinformation could boost pressure on the company to get more aggressive in removing other falsehoods spreading across the social network (FB)

  • Facebook is taking a harder line on misinformation related to coronavirus than it has on other health topics in the past.
  • This decision may increase the pressure on the company to act more decisively against other forms of harmful falsehoods that spread on its social networks.
  • Facebook is banning events that promote flouting lockdown protests, and is removing the conspiracy theory video "Plandemic."
  • But false claims that vaccines are dangerous still proliferate on Facebook — even though they contribute to the deaths of children.

Amid the pandemic, Facebook is taking a harder line on misinformation than it has in the past. That decision may come back to haunt it.

As coronavirus has wreaked havoc across the globe, forcing lockdowns and disrupting economies, false information and hoaxes have spread like wildfire on social media. Miracle cures, intentional disinformation about government policies, and wild claims that Bill Gates orchestrated the entire health crisis abound.

In the past, Facebook has been heavily criticised for failing to take action to stop its platform being used to facilitate the spread of misinformation. To be sure, coronavirus falsehoods are still easily found on Facebook — but the company has taken more decisive action than in previous years:

But Facebook's actions to combat COVID-19 misinformation may backfire — in the sense that it has the potential to dramatically increase pressure on the company to take stronger action against other forms of misinformation.

The company has long struggled with how to handle fake news and hoaxes; historically, its approach is not to delete them, but to try to artificially stifle their reach via algorithmic tweaks. Despite this, pseudoscience, anti-government conspiracy theories, and other falsehoods still abound on the social network.

Facebook has now demonstrated that it is willing to take more decisive action on misinformation, when the stakes are high enough. Its critics may subsequently ask why it is so reticent to combat the issue when it causes harm in other areas — particularly around other medical misinformation.

One expected defence for Facebook? That it is focused on taking down content that causes "imminent harm," and while COVID-19 misinformation falls into that category, lots of other sorts of falsehoods don't.

However, using "imminence" as the barometer of acceptability is dubious: Vaccine denialism directly results in the deaths of babies and children. That this harm isn't "imminent" doesn't make it any less dangerous — but, for now, such material is freely posted on Facebook.

Far-right conspiracy theories like Pizzagate, and more recent, Qanon, have also spread on Facebook — stoking baseless fears of shadowy cabals secretly controlling the government. These theories don't intrinsically incite harm, but have been linked to multiple acts of violence, from a Pizzagate believer firing his weapon in a pizza parlour to the Qanon-linked killing of a Gambino crime boss. (Earlier this week, Facebook did take down some popular QAnon pages — but for breaking its rules on fake profiles, rather than disinformation.)

And Facebook is still full of groups rallying against 5G technology, making evidence-free claims about its health effects (and now, sometimes linking it to coronavirus in a messy web). These posts exist on a continuum, with believers at the extreme end attempting to burn down radio towers and assault technicians; Facebook does take down such incitements to violence, but the more general fearmongering that can act as a gateway to more extreme action remains.

This week, Facebook announced the first 20 members of its Oversight Board — a "Supreme Court"-style entity that will review reports from users make rulings as to what objectionable content is and isn't allowed on Facebook and Instagram, with — in theory — the power to overrule the company. It remains to be seen whether its decisions may affect the company's approach for misinformation, and it still needs to appoint the rest of its members and get up and running.

For now, limits remain in place as to what Facebook will countenance in its fight against coronavirus-specific misinformation.

CEO Mark Zuckerberg said the company would immediately take down posts advertising dangerous false cures to COVID-19, like drinking bleach. It is "obviously going to create imminent harm," he said in March. "That is just in a completely different class of content than the back-and-forth accusations a candidate might make in an election."

But in April, President Donald Trump suggested that people might try injecting a "disinfectant" as a cure, which both has the potential to be extremely harmful, and will not cure coronavirus.

Facebook is not taking down video of his comments.

Do you work at Facebook? Contact Business Insider reporter Rob Price via encrypted messaging app Signal (+1 650-636-6268), encrypted email (robaeprice@protonmail.com), standard email (rprice@businessinsider.com), Telegram/Wickr/WeChat (robaeprice), or Twitter DM (@robaeprice). We can keep sources anonymous. Use a non-work device to reach out. PR pitches by standard email only, please.

SEE ALSO: Facebook announced the first 20 members of its oversight board that will decide what controversial content is allowed on Facebook and Instagram

Join the conversation about this story »

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Meet the 10 Oracle execs backing CEO Safra Catz and founder Larry Ellison in the tech giant's cloud offensive against Amazon, Microsoft, and Google (ORCL)

  • Oracle's bid to become a bigger player in the cloud has become more aggressive in the COVID-19 crisis, highlighted by a new partnership with Zoom.
  • The tech giant is up against stronger rivals led by Amazon, Microsoft and Google, but the need for more cloud capacity sparked by the sudden pivot to remote work has created opportunities for the Silicon Valley behemoth.
  • Here are the 10 Oracle executives who are playing key roles in CEO Safra Catz and founder Larry Ellison bold cloud offensive.
  • Click here for more BI Prime stories.

Oracle has been through some jarring changes in the last seven months. 

The tech giant lost a well-regarded and experienced co-CEO when Mark Hurd died in October after taking leave for health reasons, leaving Safra Catz as the solo CEO. Now, like other major tech companies, Oracle is grappling with the impact of the coronavirus crisis.

But Oracle has been through tough times in its 43-year history. In fact, the Silicon Valley giant has been known to seize opportunities during rough spots. It's already seen some success during this crisis, too: Oracle just scored a big win when videoconferencing company Zoom — suddenly facing a surge in demand — chose to expand on Oracle Cloud, instead of other platforms like top cloud provider Amazon. Oracle is generally considered a smaller player in the cloud wars, behind giants Amazon, Microsoft, Google, and Alibaba.

Yes, Oracle still has a long way to go to match its rivals' reach, but its strategy of expanding its capacity by building more data centers seems to be paying off, IDC President Crawford Del Prete told Business Insider.

That increased capacity and Oracle's "world class" applications are key in the cloud words, Del Prete said: "Oracle is one of the few companies able to deliver both at scale in order to compete."

While Catz and founder, executive chairman, and chief technology officer Larry Ellison the lead company, they're also relying on key top executives, including cloud veterans from rival Amazon, to advance Oracle's cloud strategy. 

Nearly all are white men, something Oracle has criticized for in the past: Over 30 members of Congress slammed the company late last year about the lack of diversity in its leadership team and on its board.

Meet the 10 top executives playing important roles in Oracle's cloud offensive:

SEE ALSO: Oracle is known for making bold M&A moves in a recession and it's sitting on a fresh $20 billion. Here are the 7 companies experts think it could acquire as the coronavirus crisis drives down valuations

SEE ALSO: Experts lay out five moves that Oracle founder Larry Ellison, one of tech's best tacticians, might take in a coronavirus-driven downturn

Don Johnson left Amazon to focus on Oracle's cloud infrastructure.

Title: Executive vice president, cloud infrastructure

Reports to: Larry Ellison

Johnson  played a key role in Amazon's dramatic expansion in the cloud before joining Oracle in 2014.

He was instrumental in setting up Oracle's cloud engineering development center in Seattle and in the tech giant's expanding data center footprint.  Johnson has also led another major Oracle initiative: forming a cloud partnership with Microsoft.

 



Oracle's chief corporate architect Edward Screven has been with the company since 1986.

Title: Chief corporate architect

Reports to: Larry Ellison

Screven is an Oracle veteran who helped lead the company through all of the major industry changes of the past 30 years.

He admits that cloud market-leader Amazon had a head start, but says that there are benefits to following it. 

"We definitely started after Amazon: The bad news is they have market share, the good news is we get to learn a lot," he told Business Insider in an interview in May 2019. "Mindshare, that may be their biggest asset. But there is no technology they have that is concerning to me at all."

As one of Oracle's top technologists, he's focused on making Oracle's cloud infrastructure more secure, with more sophisticated and efficient ways to manage data. 

"We have hundreds of thousands of customers that store their most important data in Oracle databases," Screven said. "We could do a far better job for them than any other cloud provider. We are doing a far better job for them."

 



Clay Magouyrk leads cloud infrastructure engineering and played a key role in forging Oracle's new alliance with Zoom.

Title: Executive vice president, cloud infrastructure engineering

Reports to: Don Johnson

Magouyrk is another veteran of Amazon Web Services who joined the Oracle team in Seattle in 2014. 

He was Oracle's point-man in forging its new partnership with Zoom, which was seen as a major victory for Oracle.

"They needed capacity," Magouyrk told Business Insider last month "They reached out to us and we were like, 'Awesome, we can work with you.' Within a day, we had their application up and running."

Magouyrk was a founding team member of Oracle's cloud engineering development center in Seattle, which is spearheading the company's cloud infrastructure efforts.

 



Ariel Kelman left Amazon Web Services to become Oracle's chief marketing officer.

Title: Chief Marketing Officer

Reports to: Safra Catz

One of the biggest hurdles for Oracle is the public perception that it's a minor player in the cloud. In other words, it's a marketing problem.

This is where Kelman comes in. Before Oracle brought him on board in January 2020, Kelman led rival Amazon's cloud marketing efforts, and served as a marketing executive at Salesforce for six years before that.

"Ariel is a super smart hire for Oracle," analyst Ray Wang of Constellation Research told Business Insider. "He brings the cred in the market and understands how to counter all of Amazon's tactics and long-term strategy. He has the ear of Larry and Safra and is making progress with some great hires on his team."



Juergen Lindner left SAP to lead Oracle's software-as-a-service marketing strategy.

Title: Senior vice president, software-as-a-service marketing

Reports to: Ariel Kelman, chief marketing officer

Lindner spent most of his career helping SAP outsell Oracle in the traditional business software market: both dominated teh market for software installed in private data centers. 

He switched sides and roles four years ago to support Oracle's bid to become a stronger player in cloud software, also referred to as software-as-a-service, where businesses access applications through cloud platforms and pay via a subscription, usually based on the number of users granted access. 

Lindner has said it became clear to him that Oracle had a better strategy for the cloud-software era.

"Oracle has architected a very sustainable cloud infrastructure and applications strategy," he told Business Insider last year.



Steve Daheb left Citrix to lead Oracle's cloud marketing strategy.

Title: Senior vice president, cloud go-to-market

Reports to: Ashley Hart, senior vice president, global marketing cloud platform and database

Daheb joined Oracle in 2015 after serving as the chief marketing officer of Citrix, a cloud pioneer that first let businesses set up computing networks on web-based platforms instead of on-premise data centers, leading to dramatic IT cost savings.

Daheb witnessed the unexpected rise of Amazon in cloud computing, which began in the early : 2000s when the online retail giant realized it could make some extra money by giving businesses access to its massive but underutilized computing infrastructure, hosted from its data centers.

"Amazon had spare computing resources to rent out," he told Business Insider last year. "It's like, 'Hey, man, I got an extra room in the house during the summer when it's not spike retail time. There's nobody in there, so why don't I put this thing on Airbnb and see if anybody wants it?'"

Amazon Web Services has led the industry ever since. 

Like others on the Oracle team, Daheb thinks the software giant's technology and track record of working with major players across industries will eventually propel it to the front of the cloud pack.

"There's a level of understanding we have and a level of empathy we have for enterprise users: We serve the major banks, we serve transportation, we serve healthcare," he said. "We brought this enterprise mentality to it."



Juan Loaiza, who has been with Oracle since 1988, is in charge of mission-critical database technologies.

Title: Executive vice president, mission-critical database technologies

Reports to: Larry Ellison

Loaiza is another Oracle veteran who has been with the company for more than 30 years and is currently focused on its bid to expand the reach of its flagship database product.

The tech giant's cloud-based automated data-management platform Autonomous Database uses machine learning to quickly repair and update itself.Loaiza has compared the status of this fairly new initiative to the development of the self-driving car:

"It took a long time to get to a point where we are now and say, 'The next step is a self-driving car,'" he told Business Insider last year. "It's got to be safe. It has to have seatbelts and airbags and a navigation system. All that stuff was necessary before you take it to the next stage." 

The database is ready for that next stage. 



Jason Williamson left Amazon to lead Oracle's outreach to startups.

Title: Vice president, Oracle for Startups

Reports to: Mamei Sun, Ellison's chief of staff

Startups have played an important role in the growth of cloud computing and Oracle has launched a big push to establish closer ties with these smaller companies, given that they could eventually become the biggest power players. 

Williamson has been the company's point-man in this effort, as he develops ways to make Oracle's products and services more accessible to startups.

Williamson is another veteran of Amazon Web Services where he led the cloud giant's private-equity team before joining Oracle in 2017.

 



Evan Goldberg cofounded NetSuite, which is now part of Oracle.

Title: Executive vice president, NetSuite

Reports to: Safra Catz

Goldberg is part of the elite club of Oracle alums who went on to launch successful enterprise-software companies. (Salesforce CEO Marc Benioff is perhaps the best-known.)

Goldberg left a long career at Oracle in the late 1990s to launch NetSuite, a cloud-based provider of financial- and accounting-management services. He was the chief technology officer alongside CEO Zach Nelson, another Oracle alum, and Ellison was actually one of their early backers.

Oracle acquired the company in 2016 and it now has more than 18,000 customers. 



Steve Miranda has been with Oracle since 1992 and leads cloud-applications development.

Title: Executive vice president, applications product development

Reports to: Ellison

Miranda is an Oracle veteran in charge of different aspects of the company's cloud-software business, including product development and strategy.

This covers applications used for major business operations, like supply-chain management, human resources, and enterprise performance management.






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Blackstone's real-estate dealmakers; the investment banker of the future

 

 

Welcome to Wall Street Insider, where we take you behind the scenes of the finance team's biggest scoops and deep dives from the past week. 

If you aren't yet a subscriber to Wall Street Insider, you can sign up here.

For certain corners of Wall Street, dealmaking is happening faster than ever. While M&A activity has plunged, bankers primed to help companies navigate the financial fallout, especially restructuring and debt-raising specialists, have been crushed with demand.

Alex Morrell took a look at how top bankers — known for putting in long hours curating a white-glove experience for clients — are finding they can still provide service from afar. It turns out, when you take away the time spent at airports and restaurants, and when Zoom calls can be arranged in minutes, things can move at lightning speed. 

Read the full story here: 

'Stunning efficiency': How remote dealmaking could mean a permanent lifestyle change for some bankers

Meanwhile, it's been a tale of two approaches to job cuts in recent days. On Tuesday, Airbnb CEO and cofounder Brian Chesky emailed staff about sweeping layoffs that were impacting 1,900 people, highlighting where the company will focus in the future and what exit packages employees should expect. You can read the full email here

Over at WeWork, things have been rolling out gradually. Meghan Morris and Dakin Campbell wrote about a leaked WeWork document that revealed a huge reorg under way for people who manage its buildings. Here's how the new structure works — and the complex process for staff to save their jobs. Alex Nicoll and Meghan also reported that Flatiron School has slashed at least 100 jobs, building on their scoop last week that WeWork started making cuts in several key departments, with IT alone losing some 200 jobs. 

Keep reading for a preview of changes in store for Bloomberg terminals, a rundown of Blackstone's giant commercial real estate business, and a look at how PIMCO stocked up with $5.5 billion for private-credit strategies since the beginning of the year.

Have a safe and healthy weekend, 

Meredith 


Inside Blackstone's massive CRE business

Blackstone is the largest commercial real-estate investor in the world, with $160 billion in investor capital. Alex Nicoll chatted with Blackstone real estate's three heads of acquisition, and its head of debt origination, to learn more about their business. 

They spoke about some of their most interesting deals, and why Blackstone's global scale and thematic investing style is a huge advantage. 

Read the full story here: 

Meet the 4 dealmakers driving Blackstone's $325 billion commercial real estate portfolio. They walked us through how they're thinking about opportunities in the downturn.


A Facebook office deal is a key test 

The coronavirus crisis has thrown into question whether tenants will ever occupy office space the same way again as companies and workforces around the world grow accustomed to remote work.

Facebook has been in negotiations for months to lease over 700,000 square feet at the Farley Building on Manhattan's West Side. The rapid expansion of tech in recent years has propelled the city's office market, and Dan Geiger spoke with real-estate execs who laid out why Facebook's deal is a key barometer. 

Read the full story here:

A blockbuster Facebook office deal is a make-or-break moment for the future of commercial real estate. 3 leasing experts lay out the stakes.


Coming soon to a terminal near you

As remote work becomes a long-term reality, a technology staple of Wall Street is in store for a makeover. Mark Flatman, global head of core terminal at Bloomberg, told Dan DeFrancesco that the financial technology giant is considering ways to revamp its ubiquitous terminal.

One particular area of focus for Flatman and his team has been screen space, as many customers aren't working with the typical four-screen display. Another area that has gotten increased attention is mobile, where usage has jumped. 

Read the full story here: 

Bloomberg is eyeing big changes to its iconic terminals to make work-from-home easier. The exec leading its strategy laid out how he's rethinking screen space and mobile features.


A new pile of cash for private credit

Industry observers expect a surge in interest in specialized credit shops that have proven to be winners in distressed situations. And Bradley Saacks revealed how PIMCO has tapped into that demand, with sources saying that the fixed-income giant has raised $5.5 billion in private-credit strategies since the beginning of the year.

PIMCO's nearly $4 billion Tactical Opportunities fund lost roughly 15% in March, but was able to avoid forced selling, sources tell Business Insider, and even added to positions in the month. That fund alone has raised $250 million — and is just one of several private-credit funds that PIMCO has raised money for.

Read the full story here: 

PIMCO has raised $5.5 billion for private-credit funds despite a hellacious March — and is telling investors it's the best opportunity in a decade


A tax break for big companies with heavy debt

As Michael Rapoport writes, a tax break for debt-ladened companies, part of the CARES Act enacted in March, cuts their tax bills by allowing them to deduct more of the interest they pay on their debt. 

But some tax experts are concerned that the tax break is too indiscriminate: In addition to helping troubled companies, they say, boosting tax deductions on interest payments is going to give a lift to companies that aren't being hurt by the pandemic, or whose problems have nothing to do with the coronavirus. 

Read the full story here:

A $13 billion tax break tucked into the coronavirus stimulus plan will save some big companies tens of millions — even if they aren't ailing. Here's how it works and who could benefit.


On the move

Dakin Campbell reported that Goldman Sachs has hired the distressed-situations and bankruptcy expert Kurt Hoffman as a managing director in a business that handles one-off loans for clients. The move comes just as industries battered by the economic shutdown are in need of emergency financing. 


Investing and hedge funds

Careers

Real estate 

Fintech and e-commerce

 

Join the conversation about this story »

NOW WATCH: How waste is dealt with on the world's largest cruise ship




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The top 9 shows on Netflix and other streaming services this week

  • Every week, Parrot Analytics provides Business Insider with a list of the nine most in-demand original TV shows on streaming services in the US.
  • This week includes "The Midnight Gospel," a surprise animated hit from Netflix. 
  • Visit Business Insider's homepage for more stories.

Netflix's new animated series, "The Midnight Gospel," is a surprise hit and gaining in audience demand while the one-time sensation, "Tiger King," dramatically dipped to the point where it's not among this week's most in-demand streaming originals. 

Every week, Parrot Analytics provides Business Insider with a list of the nine most in-demand TV shows on streaming services in the US.

The data is based on "demand expressions," Parrot Analytics' globally standardized TV-demand measurement unit. Audience demand reflects the desire, engagement, and viewership weighted by importance, so a stream or a download is a higher expression of demand than a "like" or a comment on social media, for instance.

Disney Plus' final season of "Star Wars: The Clone Wars" dramatically surged in demand this week after the series finale debuted on May 4, otherwise known as "Star Wars" Day.

But last week's newcomers, Apple TV Plus' "Defending Jacob" and Hulu's "Little Fires Everywhere," disappeared this week. 

Below are this week's nine most popular original shows on Netflix and other streaming services:

SEE ALSO: Insiders say major questions hang over DC Universe as its parent company prepares to launch Netflix rival HBO Max

9. "The Midnight Gospel" (Netflix)

Average demand expressions: 32,846,492

Description: "Traversing trippy worlds inside his universe simulator, a space caster explores existential questions about life, death and everything in between."

Rotten Tomatoes critic score (Season 1): 90%

What critics said: "We often say that a show is 'like nothing else on television' and it's usually an act of critical hyperbole. Trust me. It's true here." — RogerEbert.com (Season 1)

Season 1 premiered on Netflix on April 20. See more insights here.



8. "Narcos: Mexico" (Netflix)

Average demand expressions: 33,194,298

Description: "Witness the birth of the Mexican drug war in the 1980s as a gritty new ‚Narcos' saga chronicles the true story of the Guadalajara cartel's ascent."

Rotten Tomatoes critic score (Season 2): 87%

What critics said: "The second season of Narcos: Mexico, then, is far from flawless - but there are enough reminders of what has made the show such a phenomenon to make it a worthy watch." — Radio Times (Season 2)

Season 2 premiered February 13 on Netflix. See more insights here.



7. "The Witcher" (Netflix)

Average demand expressions: 34,076,054

Description: "Geralt of Rivia, a mutated monster-hunter for hire, journeys toward his destiny in a turbulent world where people often prove more wicked than beasts."

Rotten Tomatoes critic score (Season 1): 67%

What critics said: "It is messy, and absurd, but also — it is fun." — The Atlantic (Season 1)

Season 1 premiered on Netflix on December 20. See more insights here.



6. "Harley Quinn" (DC Universe)

Average demand expressions: 34,470,458

Description: "Harley Quinn has taken down the Joker and Gotham City is finally hers for the taking…whatever's left of it that is. Gotham has become a desolate wasteland, left in ruins, following the huge earthquake caused by the collapse of Joker's tower. Harley's celebration in this newly created chaos is cut short when Penguin, Bane, Mr. Freeze, The Riddler, and Two-Face join forces to restore order in the criminal underworld. Calling themselves the Injustice League, this group now stands in the way of Harley and her crew from taking sole control of Gotham as the top villains of the city."

Rotten Tomatoes critic score (Season 2): 88%

What critics said: "If you weren't sold on the first season of Harley Quinn, the Season 2 premiere probably won't change your mind. However, the series looks to be even stronger in its sophomore outing." — IGN (season 2)

Season 2 premiered April 3 on DC Universe. See more insights here.



5. "Titans" (DC Universe)

Average demand expressions: 40,950,684

Description: "'Titans' follows young heroes from across the DC Universe as they come of age and find belonging in a gritty take on the classic Teen Titans franchise. Dick Grayson and Rachel Roth, a special young girl possessed by a strange darkness, get embroiled in a conspiracy that could bring Hell on Earth. Joining them along the way are the hot-headed Starfire and lovable Beast Boy. Together they become a surrogate family and team of heroes."

Rotten Tomatoes critic score (Season 2): 81%

What critics said: "This hard-hitting drama provided much of the talented cast with some juicy material, while also allowing the show to continue to go from strength-to-strength." — What Culture (Season 2)

Season 2 premiered on DC Universe on September 6. See more insights here.

 



4. "Money Heist (La Casa de Papel)" (Netflix)

Average demand expressions: 45,905,200

Description: "Eight thieves take hostages and lock themselves in the Royal Mint of Spain as a criminal mastermind manipulates the police to carry out his plan."

Rotten Tomatoes critic score (Season 4): 75%

What critics said: "If you are looking for addictive entertainment, this fourth season of 'Money Heist' has more than enough doses of it." — Espinoff (Season 4)

Season 4 premiered on Netflix April 3. See more insights here.



3. "The Mandalorian" (Disney Plus)

Average demand expressions: 53,820,742

Description: "After the fall of the Empire, a lone gunfighter makes his way through the lawless galaxy."

Rotten Tomatoes critic score (Season 1): 93%

What critics said: "[The Mandalorian] has an empire of sentiment serving as the wind at its back, and as long as it keeps up its momentum, even those of us programmed to dissect and critique programs may be content to simply sail along with it." — Salon (Season 1)

Season 1 premiered on Disney Plus on November 12. See more insights here.



2. "Stranger Things" (Netflix)

Average demand expressions: 57,853,672

Description: "When a young boy vanishes, a small town uncovers a mystery involving secret experiments."

Rotten Tomatoes critic score (Season 3): 89%

What critics said: "Even the most distinctive moments feel disconnected from the rest, especially a segment in the final episode that feels as if its sole purpose is to be extracted and recirculated as a meme." — Slate (Season 3)

Season 3 premiered July 4 on Netflix. See more insights here.



1. "Star Wars: The Clone Wars" (Disney Plus)

Average demand expressions: 126,320,893

Description: "From Dave Filoni, director and executive producer of 'The Mandalorian,' the new Clone Wars episodes will continue the storylines introduced in the original series, exploring the events leading up to 'Star Wars: Revenge of the Sith.'"

Rotten Tomatoes critic score (Season 7): 100%

What critics said: "The overall ending to seven seasons can feel rudely abrupt when other threads are hanging. But the solemn meditation on the casualties of war and the slow-yet-swift-feeling disintegration of a seemingly secure world is the microcosm of the entire series." — Slashfilm (season 7)

Season 7 premiered on February 21 on Disney Plus. See more insights here.






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The Polaris Slingshot is a car-motorcycle mashup that costs $33,000 and can do 0-60 mph in 5 seconds — on 3 wheels.

  • I tested a roughly $33,000 Polaris Slingshot R, a three-wheeled "autocycle."
  • The three-wheeler category includes vehicles from Can-Am and Harley-Davidson, offering a motorcycle experience in a less demanding package.
  • My Slingshot R had a new, Polaris-developed, 203-horsepower engine and an automatic transmission.
  • In all but three US states, no motorcycle license is required to operate the Slingshot (New York, Massachusetts, and Alaska continue to require the motorcycle certification).
  • The Slingshot is insanely fun, with a modest learning curve — it's a great alternative to a two-wheeler, although the price is definitely steep for the Slingshot R.
  • Visit Business Insider's homepage for more stories.

Motorcycles are cool, but they aren't for everybody. Fortunately, there are some alternatives out there that offer an equally compelling, open-air experience.

One of the most popular is the the Polaris Slingshot, manufactured by the Minnesota-based powersports company. Until recently, Slingshots were available only with manual transmissions and GM-sourced engines, but for 2020, Polaris has updated the autocycle with an in-house motor and an automatic.

The automatic transmission in particular really broadens the Slingshot's potential. So I was excited to sample the machine, which I first saw about five years ago.

Polaris was kind enough to loan me a tester for a few weeks. Here's how it went:

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The Polaris Slingshot is a three-wheeled autocycle/motorcycle that Polaris industries has produced since 2014. My 2020 Slingshot R tester cost about $33,000 and was outfitted in a menacing red-and-black paint job.

The cheapest Slingshot is about $20,000.



This wasn't my first crack at a Slingshot. Polaris brought the vehicle to Insider's New York offices when the vehicle first launched.



And I generally have a gander at the Slingshot when I visit the annual New York motorcycle show.



The Slingshot is classified as either a motorcycle or an autocycle, depending on which state it's being operated in.



Yep, it looks like the Batmobile. Or Batcycle. Hard to avoid feeling like a superhero when you're behind the wheel. In all but three US states, no motorcycle license is required to drive the Slingshot. In New Jersey, you are required to wear a helmet.

Up front, you have 18-inch forged aluminum wheels, with an 20-incher at the back. The brakes have two-piece composite rotors.



Permanent open-air motoring isn't for everybody. Polaris does sell and older model, the Grand Touring, which has a cockpit canopy. The Polaris R has a waterproof interior and drain holes in the floorboards, should you get caught in bad weather.



My tester was the top-level "R" trim, complete with dual roll bars for drier and passenger.



Let's talk fender fairings! The Slingshot's are dramatic and large — I was reminded of Chevy Corvettes while driving this thing. Like a motorcycle, there's no rear-view mirror, so you have to adjust slightly to using the sideviews.



There's a new engine under the hood. Previously, Polaris used a 2.4-liter, four-cylinder GM-sourced Ecotech motor, making up to 175 horsepower. But my R had a ProStar four, also at 2.4-liters, cranking out 203 horsepower with a five-speed automatic transmission (a manual remains available). It's an in-house engine that was impressive in action.

The top speed is limited at 125 mph, and the 0-60mph run, according to Polaris and confirmed by yours truly, is about five seconds.

The four-banger redlines at 8,500 rpm and even with the automatic transmission does a pretty fair imitation of proper motorcycle acceleration. The auto is a tad crunchy, but in this context, that's a plus. It keeps you aware of what the engine is doing.



The rear wheel — fat and wide — is yoked to the motor and transmission with a belt drive. The suspension is surprisingly compliant, but you do have to be mindful of bumps, potholes, and manhole covers if you want to preserve you lower spine.



Polaris says the interior has been upgraded for 2020. No one would call it premium, but for a vehicle like this, it's rather comfortable.



The steering wheel is leather-wrapped, multifunctioned, and flat-bottomed to make getting into and out of the driver's seat easier.



The instrument cluster is a basic analog affair with a central digital display. The red button to on the right steering-wheel spoke allows you to switch between Comfort and Slingshot modes (the latter being the high-performance option).



The bucket seats are waterproof and extremely well-bolstered, with three-point seat belts.



The Slingshot's tubular frame is apparent in the doorless frame.



Not really much cargo capacity here, although I did use the Slingshot for a grocery-store run and quick jaunt to Target to buy a basketball.



There is a place to stow a smartphone, located just above the push-button gear selector.



The Slingshot also has push-button start-stop.



The glove compartment is the only other storage available ...



... And it's actually pretty roomy. One could stash a rain jacket in there, for example.



The RideCommand infotainment system is basic — but good! On a vehicle such as this, I wasn't expecting much, but the audio setup sounded decent, the screen was responsive, and Bluetooth and USB connectivity was on-par with what you'd find in any modern automobile.



There's even GPS navigation, which can display a map and provide turn-by-turn guidance.



The ride-mode selector is doubled in the infotainment system.



So what's the verdict?

I love three-wheelers. They aren't as cool as two-wheeled motorbikes, but they provide easy access to open-air motoring, and the driving/riding experience is much more engaging than what you find in convertible automobiles.

For anybody who dislikes the impracticality of motorcycles but wants to partake of the open-road lifestyle, machines like the Slingshot (the Can-Am Spyder and the Harley-Davidson Freewheeler, to name two) are ideal.

Not for nothing, they also offer aging riders a chance to yank their helmets and biker jackets out of storage to pursue moderately safer riding. With the Slingshot, gearing-up isn't necessary.

The trade-off, of course, is price. The Slingshot R that I tested costs more than an entry-level car or SUV. So, an expensive plaything. But there's nothing wrong with that. Everybody needs a hobby.

No doubt about it, the Slingshot captures attention. I lost count of how many little kids a stopped in their tracks as I tooled around the Jersey suburbs. The last vehicle that provoked such astonishment was the Lamborghini Huracán Performante. If you become a Slingshotter, prepare to be pointed at and asked for photo-ops.

Driving-wise, the Slingshot scratches an itch: on the road, the experience is unexpurgated — you don't have to be constantly vigilant, as you would on a bike, but you do need to remain aware. Highway trips are demanding. And noisy. And exhilarating. The Slingshot R is also fast and torque-y and the power goes to the single back wheel, so the while the two-wheeled front is stable, the back end can get pretty wiggly, especially in Slingshot mode, if you stomp the throttle.

I had iffy springtime Northeast weather to contend with, so I took the Slingshot out only on warm and sunny days; the rest of the time, I parked it in my garage. But the vehicle can handle being rained on, and one could also buy a cover to protect it from the elements. To be honest, however, I think it's a better choice in warm, dry climates. 

The performance is aggressively go-kart-y. This thing will make you a better drive, thanks to its point-and-shoot steering, crisp suspension, and easy access to power. It's insanely fun on curves and into corners. But it's also worthy of short road trips. In fact, the relative comfort was a shocker: I took the Slingshot out for a few hours one day and suffered no ill-effects to my lower back.

Drawback? The design is thoroughly sporty, so if you don't go in for that, the Slingshot might not be your bag. It isn't a throwback, nor is it at all steam-punky. 

It also isn't a motorcycle, in that there aren't any handlebars, you don't throw a leg, and the single wheel takes up the rear. 

But the Slingshot is a absolute blast, and if you're a weekend warrior who wants to carve up a canyon or a country road without having the grapple with a motorcycle's demands — and you don't mind dropping some dollars — the Slingshot is perfect.






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I've been using Apple's new iPhone SE for 2 weeks — here are the best and worst things about it so far (AAPL)

  • The $400 iPhone SE stands out for its fast performance, compact design, and effective camera.
  • Still, the iPhone SE is lacking some of the camera features found on similarly priced Android rivals.
  • Overall, the phone is best suited for Apple loyalists upgrading from an older device like the iPhone 6S that want something affordable and familiar.
  • Visit Business Insider's homepage for more stories.

Apple's iPhone SE is unlike any iPhone Apple has released in the past two years. In fact, it looks a lot more like the the iPhone you probably remember from 2017 and earlier, back when iPhones still had home buttons and smaller-sized screens.

I switched from the $1,000 iPhone 11 Pro to Apple's new iPhone SE recently, and overall I've found it to be a solid option for Apple fans looking for a cheap, portable device. The smaller and lighter size is easy to manage and operate with one hand, and Touch ID brings some convenience that Face ID can lack. 

But of course, since it's significantly cheaper than the iPhone 11 and 11 Pro, it's lacking in some areas. It doesn't have an ultra-wide-angle camera or low-light photography capabilities, for example, even though similarly priced Android devices offer some of those features.

After spending a couple of weeks with Apple's cheapest iPhone, here are my favorite (and least favorite) things about it.  

SEE ALSO: Apple is expected to release a new Apple Watch this fall — here are the features we want to see

The iPhone SE runs on Apple's latest iPhone processor, which makes it feel snappy and fast.

The iPhone SE runs on Apple's A3 Bionic processor, the same chip that powers the iPhone 11 and iPhone 11 Pro. As a result, the iPhone SE feels snappy and fast in daily use.

I found this to be especially true when switching from my old iPhone 8 to the SE. In most cases, it was able to launch apps, render 4K video clips, and find surfaces more quickly in augmented reality than Apple's more-than-two-year-old iPhone 8.

That being said, the iPhone SE is pretty similar to the iPhone 8 in just about every other way, save for a few exceptions. It's best suited for those upgrading from an iPhone 7 or older. 

The A13 Bionic is the major advantage the iPhone SE has over similarly-priced Android phones, many of which may offer more sophisticated cameras but run on less powerful processors. 



It's small and compact, which means it's easier to use with one hand and fit into pockets.

The iPhone SE is the most compact iPhone Apple has released in years. It has a 4.7-inch screen just like the iPhone 8, and weighs noticeably less than the iPhone 11 and 11 Pro.

The iPhone SE weighs 5.22 ounces, while the iPhone 11 weighs 6.84 ounces and the iPhone 11 Pro weighs 6.63 ounces. 



It's also the only iPhone Apple sells that comes with a Touch ID home button.

Although I've grown accustomed to swiping up from the home screen to return home and unlocking my phone just by looking at it, I've really appreciated having Touch ID again.

Apple's fingerprint sensor sometimes works a bit faster than Face ID in my experience when unlocking my phone. And since Face ID works best when held directly in front of your face, I often have to physically pick up my phone to unlock it when using the iPhone 11 Pro. 

With the iPhone SE, by comparison, I can unlock my phone just by resting a finger on the home button without having to move the device. It's a small convenience, but one that I've come to appreciate.



The camera quality is good for the price.

The iPhone SE has a single 12-megapixel camera that supports Portrait Mode and all six lighting effects that go with it. Overall, the camera system is very similar to the one found on Apple's iPhone XR from 2018.

You won't get the more advanced photography features found on Apple's newer iPhone models, but you won't be disappointed by the SE's camera either. During my time with the phone, I've found that it takes sharp, crisp images that may not be as vibrant as the ones taken on the iPhone 11 Pro, but are in some cases an improvement over the iPhone 8.



But the camera is lacking compared to some similarly priced Android phones.

Given its cheap price, it's reasonable to think that the iPhone SE wouldn't come with all of the capabilities of the iPhone 11 or 11 Pro.

But that hasn't stopped some Android phone makers from bringing features like low-light photography, multi-lens camera systems, and ultra-wide-angle lenses to their devices. Google, Samsung, and TCL all offer compelling smartphones with more feature-rich photography capabilities at similar price points as the iPhone SE.  



The iPhone SE's design also feels a bit antiquated compared to modern smartphones.

While I appreciate the portability of the iPhone SE's design, its appearance does feel a bit outdated compared to other modern smartphones. Other affordable Android phones, like the $400 Samsung Galaxy A51 and $400 Google Pixel 3a, still offer screens with much smaller bezels for around the same price.  

 



And the battery life leaves me wanting more.

I usually get roughly one full work day out of the iPhone SE, which is acceptable given its low price. But when switching from a more expensive phone like the iPhone 11 Pro, I often found myself scrambling to plug in my phone after work hours.

Battery life will always vary depending on how you use your phone. During the workday, I tend to take a lot of phone calls, leave my screen on for long periods of time to avoid missing work notifications, and record audio frequently. All of these tasks will drain your battery faster than usual, which is why I tend to get more battery life out of the SE on the weekends.

The bottom line is: If you're a power user that's frequently recording video or audio, or running graphics-heavy games, you may want to make sure you have a charger handy or opt for a phone with longer battery life.



So is it right for you?

The iPhone SE is a reliable, affordable choice for Apple fans that want something that feels familiar and won't break the bank. 

You shouldn't expect to get all of the benefits you'd find on a much more expensive phone like the iPhone 11 Pro. But the SE's A13 Bionic chip offers fast performance for the price, and should provide some reassurance that you're phone won't quickly feel outdated in terms of speed. 






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Elon Musk says Tesla will 'immediately' leave California after coronavirus shutdowns forced the company to close its main car factory (TSLA)

  • Elon Musk says Tesla may leave its Palo Alto headquarters and Fremont, California factory. 
  • In a tweet Saturday morning, the chief executive continued his outrage against shelter-in-place orders that have forced most non-essential businesses to close. 
  • Last week, Musk likened the rules to fascism, and urged leaders to "give people their goddamn freedom back." 
  • Visit Business Insider's homepage for more stories.

After a week of decrying coronavirus shelter-in-place orders that have left Tesla's main factory shuttered and unable to produce vehicles, Elon Musk says the company may move its factory out of the state.

"Tesla is filing a lawsuit against Alameda County immediately," the chief executive said on Twitter Saturday morning. "The unelected & ignorant 'Interim Health Officer' of Alameda is acting contrary to the Governor, the President, our Constitutional freedoms & just plain common sense!"

That was followed up with a threat to move Tesla's headquarters outside the state.

"Frankly, this is the final straw," he replied. "Tesla will now move its HQ and future programs to Texas/Nevada immediately. If we even retain Fremont manufacturing activity at all, it will be dependent on how Tesla is treated in the future. Tesla is the last carmaker left in CA."

It wasn't immediately clear if a suit had yet been filed, or in which court Tesla will file the lawsuit. Most state and federal courts are closed on weekends and do not allow filing. In a subsequent Tweet, Musk alsourged shareholders to file a class action suit for damages caused by shutdown. 

Tesla's press relations department did not immediately respond to a request for comment. Alameda County did not immediately respond to a request for comment. 

Alameda County — the East Bay locale which includes Fremont, California, and Tesla's gigafactory about 30 miles southeast of San Francisco — extended its shelter-in-place order on April 29 "until further notice." Local authorities have not allowed Tesla to reopen the factory, and all manufacturing remains prohibited under the order.

The San Francisco Chronicle reported that Tesla was planning to resume some manufacturing operations at the factory as soon as last Wednesday, May 6. Local officials said it did not have permission to do so.

"Right now, the same health order is in place so nothing has changed," Fremont Police Department spokeswoman Geneva Bosques told Business Insider at the time. "Operating the assembly line was determined early on to be a violation."

Last week, following Tesla's first-quarter earnings announcement, Musk decried the shutdowns as a substantial risk to the company's financials.

"Frankly, I would call it forcible imprisoning of people in their homes against all of, their constitutional rights, in my opinion," he said on a conference call. "It's breaking people's freedoms in ways that are horrible and wrong and not why they came to America or built this country. What the f---. Excuse me. Outrage. Outrage."

"If somebody wants to stay in their house, that's great and they should be able to," he continued. "But to say they cannot leave their house and that they will be arrested if they do, that's fascist. That is not democratic — this is not freedom. Give people back their goddamn freedom."

Some states, including Texas, Georgia, and others, have begun to slowly allow certain businesses to re-open in recent weeks.

Musk praised counties neighboring Alameda, like San Joaquin for what he said were more "reasonable" responses. In a podcast released May 7, he told Joe Rogan that the company had learned from the coronavirus in China, where it briefly forced Tesla to close its Shanghai factory — a claim he repeated on Twitter Saturday. 

"Our castings foundry and other faculties in San Joaquin have been working 24/7 this entire time with no ill effects. Same with Giga Nevada," Musk said. "Tesla knows far more about what needs to be done to be safe through our Tesla China factory experience than an (unelected) interim junior official in Alameda County." 

As Musk began to complain about factory shutdowns in April, workers at Tesla's Fremont factory told Business Insider that the comments made them anxious.

"I'm for going back to work, but only if it is safe for me, my family, coworkers," said one production employee. "I don't feel like I'm being forced to stay home or that my freedom has been taken away. It's for the good of California."

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