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WeWork has withdrawn its IPO
Following weeks of scandal and the resignation of controversial founding CEO Adam Neumann, The We Company has withdrawn the IPO prospectus for WeWork's planned floatation on the stock market (VentureBeat). The SoftBank-backed co-working space rental firm is now said to be planning to slow expansion and make staff redundant to recover from both reported mismanaged and the resulting financial battering it's taken.
EU brings in a limited right to repair
The EU has brought in new standards, to apply from 2021, that will require household appliance manufacturers to make spare parts available for up to 10 years (BBC News). The new regulations apply to lighting, washing machines, dishwashers and fridges, but are only intended to enable easy out-of-warranty repairs by professionals, rather than by consumers.
UK police have auctioned off cryptocurrency for the first time
For the first time, a British police auction has sold off cryptocurrencies – Bitcoin, Ripple and Ether – to raise £240,000 (The Register). The assets, valued at a “fluctuating total value of up to £500,000” were seized from teenage TalkTalk hacker Elliot Gunton, who had been selling off stolen personal information.
Levi's new Trucker Jacket paves the way for smart jeans, thanks to Google
Two years after Levi’s and Google produced their first smart jacket, the technology is getting an upgrade (WIRED). As with the original Levi’s Trucker Jacket with Jacquard by Google, the second iteration of the Commuter jacket (£140 without or £160 with sherpa lining) has a battery-powered Bluetooth tag attached to the sleeve. Aside from music control, Google Maps navigation and handling of phone calls and messages, wearers are now able to check their diary or the weather.
Stranger Things is getting a fourth season
The Duffer Brothers' Netflix megahit Stranger Things is getting a fourth season and there's a new teaser to announce it (Ars Technica). It might be the last, although the Duffers say there's potential for a final fifth season as the narrative expands beyond Hawkins, Indiana. They've also signed a multi-year film and TV development deal with Netflix, so Stranger Things is unlikely to be their only production on the cards.
Google’s quantum leap
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This article was originally published by WIRED UK
