Bitcoin, PayPal pressuring bank stocks

Bitcoin, PayPal pressuring bank stocks. 1 Hour Ago. Jim Cramer investigates why some big bank stocks are faltering even after the Federal Reserve's …
social experiment by Livio Acerbo #greengroundit

SFGATE: Holmes out as CEO of scandal-ridden startup

Holmes out as CEO of scandal-ridden startup
Published on June 15, 2018 at 10:45PM by Drew Armstrong, Bloomberg
(Bloomberg) — Elizabeth Holmes, who founded blood-testing company Theranos Inc. only to watch it unravel amid revelations that her main product was a fraud, has stepped down as chief executive officer.
After the testing device that Holmes claimed would be able run hundreds of medical tests on a single drop of blood was shown not to work, Holmes was barred from running a clinical company by U.S. regulators, was sued by investors, and the company let go many of its employees.
Since then, she has been seeking funding for a new venture, a Wall Street Journal reporter who wrote about many of the company’s controversial activities told the magazine Vanity Fair.

Venmo won’t let you pay or charge people from its website anymore

All told, it’s probably not a huge surprise to hear that a company with a long-standing focus on mobile payments will, you know, continue to focus on mobile payments. That said, many of Venmo’s ardent web users aren’t taking the news very well — the fact that Venmo didn’t see fit to tell anyone why it made the decision it did, or what the Venmo web experience would ultimately look like, certainly didn’t help matters. A statement obtained by TechCrunch, however, shines a little more light on this whole thing: while payments and charges can no longer be handled from the Venmo site, you’ll still be able to use it for cashing out balances and accessing your settings and statements.

That’s pretty barebones compared to what you’d see if you logged into the site just a few days ago, but at least now the company’s priorities are now clear: as convenient as the web interface was, it would never be as important to Venmo’s business as [...]  read more

10 best Smart TV apps for your Samsung TV

Best Samsung Smart TV apps

Best Samsung Smart TV apps

Samsung Smart TVs have gotten a real upgrade this last year thanks to the new Smart Hub operating system Samsung has embedded into its high-end, flagship series of QLED and 4K UHD TVs.

Beyond offering the staples of Netflix, Hulu, Amazon Prime Video and YouTube, Smart Hub is bursting at the seams with great apps – all of which are available to download from the Smart Hub store.

With so many new apps releasing all the time, however, it can be hard to figure out which apps are worth downloading. But that’s where we come in. After testing dozens of Samsung TVs over the years, we’ve narrowed down a list of the must-download apps on the platform that will offer entertainment in spades.

Having a list at your side should make perusing the store a bit simpler and faster for those of you who already purchased a new QLED TV, and for those who are still on the fence about buying one, give you an idea of what you can expect.

Without further ado, here are 10 gems in the rough that we think are the top apps for your new Samsung Smart TV. (Looking for a complete list of Samsung Smart TV apps? That can be found over at Samsung’s website!)

Need a new Samsung [...]  read more

Gadget Lab Podcast: Why Apple, Google, Microsoft Are Stirring the Software Pot

Android apps on Chrome OS. iOS apps that can be turned into MacOS apps. Microsoft’s universal apps. Even an Echo UI jammed into an Amazon Fire TV box. All of these are examples of the current era of Frankensoftware: Apps or software features that were originally designed for one platform, but now are being ported over to newish, emerging platforms. On the downside, these software mutations can seem like the unusable concoctions of FOMO-driven tech executives in the early days. On the upside, Frankensoftware has the potential to make things better and easier both for consumers and software developers. Lauren and Mike discuss on this week’s Gadget Lab podcast.

Show notes: Want to dive deeper into Frankensoftware? Check out Lauren’s story on WIRED about the topic.

Recommendations this week: Mike recommends Currently, a Chrome browser extension that shows you the time [...]  read more

Elizabeth Holmes reportedly steps down at Theranos after criminal indictment

Elizabeth Holmes has left her role as CEO of Theranos and has been charged with wire fraud, CNBC and others report. The company’s former president, Ramesh “Sunny” Balwani, was also indicted today by a grand jury.

These criminal charges are separate from the civil ones filed in March by the SEC and already settled. There are 11 charges; two are conspiracy to commit wire fraud (against investors, and against doctors and patients) and the remaining nine are actual wire fraud, with amounts ranging from the cost of a lab test to $100 million.

Theranos’s general counsel, David Taylor, has been appointed CEO. What duty the position actually entails in the crumbling enterprise is unclear. Holmes, meanwhile, remains chairman of the board.

The FBI Special Agent in Charge of the case against Theranos, John Bennett, said the company engaged in “a corporate conspiracy to defraud financial investors,” and “misled doctors and patients about the reliability of medical tests that endangered [...]  read more

The Bitcoin Valuation Delusion

If you've read anything I've written so far, you know that I'm long Bitcoin (BTC-USD). However, that doesn't mean I've turned a blind eye to the crowd …
social experiment by Livio Acerbo #greengroundit