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Twitter's Jack Dorsey steps down as CEO
Twitter's Jack Dorsey steps down as CEO
Jack Dorsey has stepped down as chief executive of Twitter, the social network he co-founded nearly 16 years ago, turning over the top spot to Parag Agrawal, the company's chief technology officer.
"I've decided to leave Twitter because I believe the company is ready to move on from its founders," Dorsey, who is also CEO of payments company Square, said in a statement Monday. "My trust in Parag as Twitter's CEO is deep."
Dorsey will remain on Twitter's board through the end of his term in 2022 to help with the transition. CNBC reported the move earlier Monday.
Parag Agrawal, Twitter's new CEO
Twitter
The leadership shift comes amid mounting scrutiny of Dorsey and Twitter from investors seeking better returns and from lawmakers concerned about the company's moderation policies for political speech. Last year, Elliott Management, an activist investment fund, began putting pressure on Dorsey to step aside after the CEO said he wanted to spend up to half a year in Africa. The fund ultimately struck a deal with the company that allowed Dorsey to remain CEO. The deal included an influx of $1 billion in new capital from Silver Lake, a large technology investor.
Twitter has also pushed back against accusations it censors conservative politicians and commentators but also took the rare step earlier this year of permanently banning Donald Trump, who was president at the time, because of concerns his remarks could incite violence after the Jan. 6 Capitol Hill riot.
Under Dorsey's leadership, Twitter has more aggressively experimented with new features including newsletters, live audio and tipping to rope in more users. He also oversaw the company's first profit, which it recorded in 2018, and set a goal of doubling its annual revenue to at least $7.5 billion in 2023. Twitter, which has 211 million daily users who see ads, wants to reach at least 315 million daily active users in 2023.
Elliott Management managing partner Jesse Cohn and senior portfolio manager Marc Steinberg expressed support for the leadership changes.
"Twitter is now executing against an ambitious multi-year plan to dramatically increase the company's reach and value, and we look forward to the next chapter of Twitter's story," the pair said in a statement.
In a farewell email to Twitter employees, Dorsey sidestepped the issue of external pressure, saying he was leaving the company because it was ready to move past a "founder-led" structure.
"I want you all to know that this was my decision and I own it," Dorsey wrote in the email, which he also tweeted. "I'm really sad…yet really happy."
Dorsey expressed confidence in Agrawal's ability to run Twitter, saying "he leads with heart and soul, and is someone I learn from daily."
Agrawal joined Twitter in 2011 and has served as the company's CTO since 2017. As CTO, he led the social network's technical strategy and advanced the use of machine learning at Twitter, according to the company.
Agrawal followed up with his own note to employees, also shared on Twitter. In the note, he said he's focused on the company's opportunities ahead.
"We recently updated our strategy to hit ambitious goals, and I believe that strategy to be bold and right," he wrote. "But our critical challenge is how we work to execute against it and deliver results -- that's how we'll make Twitter the best it can be for our customers, shareholders and for each of you."
Agrawal, who has more than 109,600 followers on Twitter, doesn't share his thoughts often on the social network. He's tweeted or retweeted only 24 times this year, according to his timeline. Dorsey has 5.9 million followers on Twitter.
The company's stock spiked following news reports on Monday morning and settled about 3% higher. Trading was then halted.
Dorsey had been CEO of the social network since 2015, when he took over following the resignation of Dick Costolo. Dorsey also briefly served as Twitter's first CEO starting in 2007 but was fired 16 months later.
Twitter went through a rough patch when Dorsey first returned. In 2016, the company cut 9% of its workforce, and reports surfaced that multiple companies, including Disney and Salesforce, were interested in buying Twitter. No deal materialized. The company also killed off short-form video app Vine before TikTok rose in popularity.
Dorsey also shepherded the company through a period of intense scrutiny of social media platforms. Along with Mark Zuckerberg, the CEO of Facebook's parent company, Dorsey became a frequent visitor to Congress, testifying at multiple hearing on social media. (Watch a highlight reel of Dorsey's and Zuckerberg's November 2021 appearance before the Senate here.)
Throughout his tenure at Twitter, Dorsey has cultivated the image of New Age tech guru. He eats one meal a day and takes ice baths. according to The New York Times, which called him "Gwyneth Paltrow for Silicon Valley." Dorsey also goes on meditation retreats, which have occasionally gotten him into trouble. In 2018, the executive faced vocal criticism for traveling to Myanmar on a meditation retreat amid international accusations the country's military had committed widespread human rights abuses against the country's Rohingya people, a Muslim minority.
Dorsey's ownership stake in Twitter has made him a billionaire. The Bloomberg Billionaires Index ranks Dorsey as the world's 174th richest person, with more than $12 billion in assets.
According to a document filed with the SEC, Agrawal will receive a salary of $1 million. By comparison, Dorsey famously took a 2018 salary of $1.40, one cent for each of the number of characters tweets were initially limited to. (Agrawal is also eligible for a bonus and stock grants.)
Dorsey remains CEO of Square, a digital payments company he co-founded in 2009. In July, Square said it would launch a new business focused on bitcoin to help developers design decentralized financial products. Dorsey is an enthusiastic supporter of bitcoin and helped form an endowment to make it the "internet's currency."
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Deleting Your Twitter? Here's How to Archive Your Tweets and DMs Before You Leave
Deleting Your Twitter? Here's How to Archive Your Tweets and DMs Before You Leave
Elon Musk's deal to purchase Twitter for $44 billion is moving along, and not everyone is happy with the move. It's why some people are considering deleting their accounts and permanently leaving the popular social media service. If you're thinking about finally leaving the bird app for good, you should look into archiving all of your tweets and direct messages before you go.
Deleting Twitter isn't just getting rid of your account. It means losing all thousands or more of your witty jokes, scathing comments and boisterous replies -- not to mention any photos, videos and GIFs you've posted along the way. Fortunately, Twitter makes it easy to download a complete archive of your account that includes all of your past tweets and direct messages.
All you need to do is request the information from Twitter, and you'll then be sent a file, which you can download to view all of your data from Twitter -- for all time. Here's everything you need to know about requesting and viewing your Twitter archive.
How to request a copy of your Twitter data
The process of requesting your archive can only be done via the Twitter website, so I would suggest doing it on your desktop, but it can also easily be done on your phone or tablet. We'll cover both options below.
If you're on a mobile device, launch the Twitter app and tap your profile photo on the top-left to bring up the side menu. Next, scroll down and go to Settings and privacy > Your account > Download an archive of your data. This will launch an in-app browser, redirecting you to the Twitter website. Log in to the Twitter account you want your data from and tap Request archive.
On desktop, the process is pretty similar. Go to Twitter, tap on More and then go to Settings and privacy > Your account > Download an archive of yourdata. Enter your password as needed and click Request archive.
Go to Settings and privacy > Your account > Download an archive of your data
Nelson Aguilar/CNET
After you verify your account, the request will be processed and you'll see a message stating it can take up to 24 hours for Twitter to process it.
What to do once your Twitter Archive is ready
Twitter will send you a push alert via the Twitter app as well as an email letting you know when your data is ready to download. Follow the link in the email or alert, which will direct you back to the Settings page on Twitter's website. Download your archive and unzip the compressed file.
Inside the folder you'll find a file titled Your Archive. It's an HTML file, so it should open a new tab in your default browser. It's not actually loading a website. Instead, it's giving you a streamlined way to view your Twitter account. Everything on the page should be interactive.
For example, if you click on Tweets, you'll be taken to a Twitter-like view of your posts. There's a search tool on the side of the page that will make it easier to find a specific post.
Alternatively, you can open the Data folder where you'll find media folders that contain photos, videos and GIFs you've sent or received on Twitter, Moments, direct messages or Fleets.
Your Twitter archive is organized in a way that resembles the Twitter website.
Screenshot by Jason Cipriani/CNET
A friendly warning: You'll find yourself taking a trip down memory lane after getting a copy of your archive. Writing this story took me twice as long as it should have because I kept going back and looking at old DMs and posts.
Now that you've spent far too long looking through old messages, be sure to check out our helpful guides that walk you through downloading your data from Google and Facebook. Looking for ways to boost your Twitter account's privacy? We have your back.
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Twitter Blue Subscription Service Is About to Get a Price Increase
Twitter Blue Subscription Service Is About to Get a Price Increase
The price of Twitter Blue, the social network's new premium subscription service, is about to increase -- a little more than 8 months after it made its debut.
The service, which launched in the US and New Zealand in November, allows subscribers to pay for features such as the ability to undo a tweet and read ad-free news articles. When it launched, Twitter Blue cost $3 per month, but that monthly cost is increasing to $5, Twitter informed subscribers on Thursday.
The price increase is only for new subscribers for now; existing subscribers won't be charged the higher rate until October, Twitter said in its note. Twitter said the price increase will go toward developing new features and improving existing ones in an effort to support journalism.
"At launch, we felt strongly about keeping the cost of the subscription as low as possible while we tested, learned and gathered feedback," a Twitter spokesperson said in a statement. "We've since refined the vision for this product, conducted significant research, introduced new enhancements with more in development, and as such we are updating pricing."
The price increase comes as Twitter is embroiled in a bitter legal dispute with Elon Musk. In April, the billionaire launched an unsolicited deal to take over Twitter for $44 billion. But earlier this month, Musk said he's pulling out of the deal, claiming Twitter breached the purchase agreement by failing to provide fundamental information about the number of spam accounts on the service. Twitter responded with a lawsuit to force Musk to complete the deal.
Twitter Blue gives users a 30-second undo tweet window that allows them to make revisions to their tweets before it's posted on Twitter. It also allows users to customize their experience with themes and icons and to organize tweets in a bookmark folder.
Some of the publications that Twitter Blue users can read ad-free include The Washington Post, USA Today, The Atlantic, The Daily Beast, Rolling Stone, BuzzFeed, Insider and The Hollywood Reporter.
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The iPhone at 15: How Apple's Phone Became the Center of Your Life
The iPhone at 15: How Apple's Phone Became the Center of Your Life
This story is part of Focal Point iPhone 2022, CNET's collection of news, tips and advice around Apple's most popular product.
What's happening
On June 29, 2007, the first iPhone went on sale. A decade and a half later what defines the iPhone has shifted away from just design and hardware specs to dozens of Apple-centric features and services.
Why it matters
For better or worse, the iPhone has become home to our photos, music, conversations, ideas, games, identity, work, social media, shopping, keys and money. It will likely continue to do so for the foreseeable future.
Today marks 15 years since the first iPhone went on sale. When Steve Jobs introduced the original iPhone he wryly hyped it as three revolutionary products: an iPod, a phone and an internet communicator. The first iPhone only came in one size and the only decision you had was whether to get 4GB of storage or 8GB. As far as carriers, only AT&T supported Apple's first phone in the US.
At the time, the idea of carrying an iPhone instead of a flip phone and an iPod was enough to convince some people to buy one. For others like me, the iPhone's main appeal was the touchscreen, which seemed unreal and futuristic.
"From the very beginning, one of the unique things about [the] iPhone was that we wanted to fuse together software, services and hardware to create a simple, powerful kind of magical experience," said Bob Borchers, Apple's vice president for product marketing. "And with the original iPhone, it was that interaction of multitouch and pinch to zoom, where you started to see that come together."
Fifteen years later, Apple sells eight different models of iPhone, five of which have launched in the past 10 months. There is at least one version that works with pretty much every major phone carrier in the world. The iPhone is available in an array of colors, finishes, sizes and storage options that now top out at 1TB. And while the screen is where most of the magic happens, it's no longer the main appeal of the iPhone.
Over the past decade and a half, what defines the iPhone has shifted away from just design and hardware specs. Instead, the iPhone and iOS have become a gateway into Apple services and features like iMessage, FaceTime, Siri, Apple Music, Apple Pay, top-of-the-line cameras and apps like Uber, TikTok, Twitter and WhatsApp. For better or worse, the iPhone has become home to our photos, music, conversations, ideas, games, identity, work, social media, shopping, keys and money.
In 2022, the iPhone continues to extend beyond its svelte metal-and-glass chassis into the world around us. It's the backbone for products like the Apple Watch and AirPods, and will likely play a role in future Apple products like rumored AR glasses.
It also serves as the foundation for Apple's digital services, which have become an increasingly important factor to differentiate the iPhone from competing mobile devices. These services have evolved rapidly in recent years along with the iPhone.
Find My, which started as a tool in 2010 for locating a lost iPhone, has grown into a network for finding Apple devices and pretty much anything you can attach one of Apple's tiny AirTag trackers to. Some products, like VanMoof's S3 bike, even have built-in Find My support, eliminating the need to add an AirTag entirely. As of 2021, Apple's Find My network had hundreds of millions of devices, most of which were iPhones.
Just weeks ago at WWDC, Apple's annual software developers conference, the company announced iOS 16 with expansions to its nearly decade-old Wallet app and Apple Pay service. Essentially, Apple wants to make your physical wallet obsolete. There's also a new feature called Apple Pay Later that lets you split the cost of an Apple Pay purchase into four equal payments spread over six weeks, with zero interest and no fees. It's done entirely through your iPhone.
The 2022 iPhone SE is nearly identical to the 2020 version but gets more durable glass, 5G and the A15 Bionic chip that debuted in the iPhone 13.
Kevin Heinz/CNET
In fact, you need an iPhone to access or use most of these services. Keep in mind that, for years, the iPhone's premium price made it inaccessible to many, and that's still true of Apple's top-of-the-line iPhone Pro models. The recently upgraded iPhone SE gives Apple the opportunity to expand the iPhone's reach even further. It's the purest example of what defines an iPhone in 2022. The SE blends the body of an iPhone 8 with the glass and processor from the iPhone 13. At $429, it's currently the most affordable way to get people into Apple experiences.
I spoke with Borchers ahead of the iPhone SE launch in March about the phone and why Apple added an A15 Bionic chip to it.
"It's actually a really easy decision to put as much capability as we can in today, in order to invest in and create opportunities for those future experiences. It's something that distinguishes us from others," said Borchers.
No other phone maker takes this approach. It would be like Samsung using the body of its Galaxy S8 and putting the Galaxy S22's processing power inside. The upcoming Pixel 6A will be the first budget Android phone that uses the same processor, Google's Tensor chip, as the flagship Pixel 6 and 6 Pro. Of course, Google isn't putting it into the body of Pixel 2 and instead is introducing a new design.
It makes sense that Apple's cheapest phone has the same processor as its most expensive: It's all about giving people access to Apple experiences. For example, if you buy an iPhone SE, you can use the Live Text feature in iOS 15 to grab text with your camera or copy it from a photo. And while the 2016 and 2020 versions of the iPhone SE sold well, it seems the 2022 version isn't breaking any sales records yet. Apple doesn't disclose a specific model breakdown of how many iPhones it sells, but analyst Ming-Chi Kuo lowered his shipping estimates for the iPhone SE (2022) by 10 million. The lower demand could be an effect of rising inflation and the fact that the 2022 and 2020 versions of the iPhone SE look identical.
The SE showcases how iOS and Apple Silicon become the bedrock for everything you do on your iPhone. Obviously, not every model in Apple's iPhone lineup is equal. More expensive phones like the iPhone 13 Pro come with a contemporary design, high refresh-rate screens, larger camera sensors and tools like the U1 ultrawideband chip and lidar.
These extra perks mean you can use your iPhone in more ways. For example, if you've got the right car, you can unlock it and start it with your iPhone. Borscher describes moments like these as "automagic," meaning it just works. The same way a pair of AirPods can switch from your iPhone to your Mac for watching a video, or the way you can unlock your Mac using your Apple Watch.
Apple first introduced AirPods in 2017 with the release of the iPhone 7 and 7 Plus, which lacked a physical headphone jack.
Sarah Tew/CNET
Such growth has consequences. Antitrust concerns over the app store and mobile payments, debates about screen time, Apple's contentious dealings with the FBI, criticism that all these services are part of a strategy to lock people into Apple's ecosystem and, more recently, privacy questions over AirTags are just some of the concerns that have grown alongside the iPhone's meteoric success. There are even questions as to whether Apple can launch another product line that is even half as successful as the iPhone. My CNET colleague and Apple reporter Ian Sherr points out that products like the Apple Watch and AirPods are lucrative lar gely because of their connection to the iPhone.
Over 15 years, the iPhone has become ubiquitous and helped Apple become a nearly $3 trillion company. The next iteration of the phone, likely called the iPhone 14, is expected to launch this September. It will no doubt run on iOS 16 and have the newest version of Apple's A-series processor and will continue to support the Apple experience. As for the long-term, my colleague Lisa Eadicicco thinks the most important part of future iPhones will be how it works with everything around it.
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Bored Ape Yacht Club NFTs Explained
Bored Ape Yacht Club NFTs Explained
NFTs have been around for five years, but the nonfungible token boom only truly began in 2021. It coincided almost perfectly with the launch of Bored Ape Yacht Club, a collection of 10,000 cartoon ape NFTs that's come to embody the whole industry. BAYC has over the past year become a bellwether for NFTs, just like bitcoin is for the crypto market at large.
When NFTs were at their hottest, in April, the entry price for Bored Ape Yacht Club NFTs was $400,000. Following the crypto crash, caused by the Federal Reserve's hiking of inflation rates to tackle inflation, that's fallen closer to $150,000. Far from the all-time-high, but insane considering these NFTs sold for about $200 apiece last April.
You've probably seen a BAYC, even if you didn't realize you were looking at one.
Bored Ape owners currently using their NFT as a Twiter profile picture include Timbaland (1.6 million followers), Eminem (22.6 million followers) and footballer Neyman Jr. (55 million followers). Jimmy Fallon and Paris Hilton are also BAYC holders, discussing their Apes in a (cringey) Tonight Show segment. Justin Bieber made headlines with his purchase of a $1.29 million Bored Ape Yacht Club NFT in February.
In June, Eminem and Snoop Dogg released a video clip in which the rappers are depicted by their respective Bored Apes.
Yuga Labs, the company behind the NFT collection, has already expanded the ecosystem to include a cryptocurrency (Ape Coin). More importantly, it's developing a "metaverse" MMORPG game called "Otherside." People holding Bored Ape NFTs are betting that the brand will completely break through and go mainstream. Already it's collaborated with brands like Adidas and Gucci, and last year a Bored Ape graced the cover of Rolling Stone magazine.
Like everything else to do with NFTs, the Bored Ape Yacht Club is contentious. Apes inspire jealousy among those who own and trade NFT art but confusion and suspicion among people who don't. Their value is instrinsically tied to ether, the second biggest cryptocurrency. That means NFTs like BAYC are likely to lose their lustre if crypto collapses -- something critics have prophesized for years.
Here's what you need to know about the collection.
10 of the 10,000 Bored Ape Yacht Club NFTs. Each has different attributes, some rarer than others, that makes them unique.
OpenSea
Wait, what are NFTs again?
NFT is short for nonfungible token. These are tokens verify ownership on the blockchain. In essence, an NFT is like a certificate of authenticity for a fancy watch or the deed to a house. It certifies that the digital asset -- in this case a cartoon picture of an ape -- is legitimate, and denotes who the owner is.
The most ubiquitous criticism of NFTs is that they're useless because pictures can simply be right-clicked and saved for free. The point of NFT technology is that it makes public who the owner of an asset is. The idea is that anyone can buy a Mona Lisa print for a few bucks, but only one person or institution can own the original. Everyone in the world can save a BAYC jpeg on their computer, but only one person can own the NFT.
Whether that makes NFTs valuable is a judgement call. Some people think they'll revolutionize the internet, at last allowing digital goods to be bought and sold like real-world, physical products. Others think they're an environmentally-costly ponzi scheme.
Why are there 10,000 Bored Apes?
Broadly speaking, there are two types of NFT art. First, you have one-off visuals that are sold as non-fungible tokens, just like paintings in real life. Think the Beeple NFTs that were sold at Christie's for as high as $69 million. Second, you have NFT collections like the Bored Ape Yacht Club, which are mostly designed to be used as profile pictures on social media. The latter have become the dominant style, where most of the money is spent.
Pioneered by CryptoPunks in 2017, NFT collections are a little like Pokemon cards. You have a set amount -- usually between 5,000 and 10,000 -- which all have the same template, but each has different attributes that make them unique. In the case of BAYC, there are 10,000 apes, each with varying fur types, facial expressions, clothing, accessories and more. Each attribute has a rarity component, which makes some much more valuable than others.
These properties are displayed on OpenSea, the main platform where NFTs are traded. On any given NFT's page, its properties will be listed as well as the percentage of NFTs in the collection that share the property. Usually, anything under 1% is considered rare. For instance out of 10,000 apes only 46 have solid gold fur, making these particularly valuable.
Each NFT has traits which are ranked by rarity, making some more valuable than others.
OpenSea
As noted, the "floor price" for the project -- what you'll pay for an ape with common traits -- is currently about $150,000 (85 ether). Apes with the golden fur trait are rare, and so sell for much more. One sold in January for $1.3 million. Another with gold fur and laser eyes, two sub-1% traits, went for $3 million.
BAYC is the biggest NFT project of this kind, recently eclipsing CryptoPunks, which is credited as the first "pfp" (profile picture) collections. Other notable sets include CyberKongz, Doodles and Cool Cats.
What makes Bored Ape Yacht Club valuable?
This is a complicated question. The short answer is that they're status symbols, and like all status symbols their value comes from perception and branding rather than utility. Just like a CEO may try to communicate business acumen with a Rolex or a luxury suit, people who trade NFTs display their success with a Bored Ape Yacht Club NFT. Their argument is that NFTs are better status symbols than real-world items, since when used as profile pictures they can be seen by millions of people on Twitter and Instagram.
Let's start at the beginning. Bored Ape Yacht Club was launched last April. It took 12 hours for all 10,000 to sell out at a price of $190 (0.08 ether). The price of Bored Ape NFTs rose steadily until July, when they spiked dramatically and the collection became a blue-chip set.
What makes an NFT collection successful is highly subjective. Broadly, it's a mix of four things: Influencer or celebrity involvement, mainstream potential, utility for members and community appeal.
The first and second are obvious. When famous people own an NFT, it makes others want to own one too. When celebrities like Jimmy Fallon and Justin Bieber bought into Bored Ape, it caused a run in sales and hype -- and hype is what the NFT market is all about. People buying into BAYC today, at a steep price of over $150,000, are likely to believe that the brand could one day adorn more than celebrity social media accounts: Netflix shows, popular games and Hollywood movies are the goal.
Thirdly, utility. Most NFT projects claim to offer a utility of some sort, which means it does something other than act as a profile picture. That can be access to play-to-earn games or the option to stake an NFT in exchange for an associated cryptocurrency.
Bored Ape Yacht Club has done a few things to keep owners interested. First, it created the Bored Ape Kennel Club, offering owners the opportunity to "adopt" a dog NFT with traits that mimic those of the Bored Apes. Another freebie came in August of 2021: Digital vials of mutant serum. Owners could mix their Bored Ape with the serum to create a Mutant Ape Yacht Club NFT (see below).
The advent of this second collection last August is when the Bored Ape brand really popped. Seen as doing innovative things with NFT technology, and coinciding with a huge amount of money entering the space that month, Bored Ape Yacht Club started to be seen as the premiere NFT brand.
Both Kennel Club and Mutant Ape NFTs now sell for a lot. The Mutant Ape Yacht Club collection entry point is about $30,000, while Bored Ape Kennel Clubs are selling for about half that. (Remember, these were free to BAYC holders.)
A Bored Ape and its Mutant Ape counterpart.
Yuga Labs
Last but not least is the community that's built around a collection. NFTs double as membership cards to holder groups. The more valuable people find belonging to that community, the less they'll want to sell their NFT. Bored Ape Yacht Club has organized meetups in New York and California, and there have been Bored Ape get-togethers in Hong Kong and the UK, too. This past June, BAYC holders were treated to "Ape Fest", a festival that included performances from Eminem, Snoop Dogg, LCD Soundsystem and Amy Schumer.
But "community value" also extends to financial self interest. The higher the floor price on a collection, the more crypto-rich traders you can expect to be holders. These savvy investors trade information within locked Discord groups, providing valuable (sometimes insanely valuable) tips to one another. Sell your NFT and you'll no longer be privvy to such tips.
Eminem is the latest celebrity to flaunt a Bored Ape Yacht Club NFT as a social media profile picture.
Twitter
Who's behind the Bored Ape Yacht Club?
The Bored Ape Yacht Club was developed by Yuga Labs. At the time, Yuga Labs consisted of four people, all of whom went by pseudonyms. There's Gordon Goner and Gargamel, who are the two co-founders, and two friends who helped on the development side, No Sass and Emperor Tomato Ketchup.
All four went exclusively by their pseudonyms until February, when BuzzFeed reported the identities of Gordon Goner and Gargamel. Gargamel is Greg Solano, a writer and book critic, and Gordon Goner is 35-year-old Wylie Aronow. Both went on to post pictures of themselves on Twitter alongside their Bored Apes. Following that, Emperor Tomato Ketchup and Sass both "doxxed" themselves -- that is, revealed their identity -- by doing the same.
The actual art was created by freelance artist Seneca, who's not part of Yuga Labs.
What's next?
Yuga Labs has big plans for its Bored Ape Yacht Club brand, plans that are both on- and offchain. (That is, both on the blockchain and in the real world.)
Start with more blockchain stuff. In March, Yuga Labs released Ape Coin, its own cryptocurrency. All Bored Ape holders were airdropped just over 10,000 Ape Coins at launch, worth around $100,000 at the time (now about $70,000). Ape Coin will be the primary currency in Otherside, the metaverse Yuga Labs is building.
Metaverses are big, virtual spaces shared by hundreds or thousands of people at a time. They've existed for a long time, think Second Life or even Fortnite. Blockchain-integrated metaverses are different only in the sense that the land, building and items within the world are owned by users as NFTs. Yuga Labs has already sold land for the metaverse, making over $300 million in just a few hours of sales.
Out in the physical world, the Bored Apes are integrating themselves into fashion. Adidas launched its first NFT project, Into The Metaverse, in collaboration with several NFT brands, Bored Ape Yacht Club chief among them. Collaborations between Adidas and BAYC on both virtual and physical clothing are coming soon.
Adidas is also a member of the Bored Ape Yacht Club.
Twitter
The Bored Ape Yacht Club brand has popped up in other industries too. Literally in the case of food: A pop-up restaurant in Los Angeles was recently turned into a permanent burger spot. In January, a mobile game, Apes vs. Mutants, launched on both the App Store and Google's Play Store. (Reviews have been unkind.) Another mobile game is in production, scheduled for Q2. Bored Ape figurines by Super Plastic are on the way too.
More unusual, though, is what people are doing with their apes. Owning a Bored Ape NFT gives you full commercial rights to it, and holders are taking advantage of that in some creative ways. One Bored Ape owner set up a Twitter account for his ape where he created a backstory, turning him into Jenkins, a valet that works for the Yacht Club. Jenkins is now signed to a real-world agency, and has a biography written by New York Times bestseller Neil Strauss. Universal Music Group has invested by signing a band consisting of three Bored Apes and one Mutant Ape.
You might think NFTs are silly -- and terrible for the environment -- but don't expect the Bored Apes to disappear anytime soon.
When Local Newspapers Fold, Polarization Rises. Here's What You Can Do
When Local Newspapers Fold, Polarization Rises. Here's What You Can Do
Russia's invasion of Ukraine, rising energy costs and our ongoing struggles with the coronavirus pandemic take up a lot of our attention these days. But there's more going on a lot closer to home -- you just might not know it, because your local newspaper is gone.
More than a quarter of hometown newspapers have disappeared in the last century, leaving about 70 million Americans with little or no way to stay informed about their city and county governments, schools or businesses. As the country heads toward the 2022 midterm elections, Americans are increasingly turning to friends and social media to stay informed -- which isn't always trustworthy, as we learned during the 2016 election when around 44% of Americans were exposed to disinformation and misinformation through untrustworthy websites.
"The state of local news in America is dire," said Tim Franklin, senior associate dean of Northwestern's Medill School of Journalism and head of the Medill Local News Initiative.
Local journalism isn't just a nice idea. Community newspapers report some of the most important stories in our country. That includes the Boston Globe's 2002 series exposing the Catholic Archdiocese of Boston's sex abuse of minors, Sara Ganim and The Patriot-News' coverage revealing Penn State sex abuse scandal involving Jerry Sandusky and the Charleston Gazette-Mail's 2017 expose on opioids flooding into West Virginia.
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But for every Pulitzer Prize-winning local journalism story, there are countless more that have served as chroniclers of their communities and watchdogs of the people in power. And when they aren't there, research from the Brookings Institute found there's generally more government waste and fraud.
"When you have less local news, there's various effects, some of which you'd find predictable: lower voting turnout, more corruption, more waste," said Steven Walden, president and co-founder of Report For America, a nonprofit that funds young reporters to work in understaffed newsrooms throughout the US. "There's also evidence that you have more polarization and misinformation."
The journalism industry has been struggling to adapt. Advertising, once a vital part of the newspaper world, has shifted to online. Meanwhile, profit-hungry newspaper owners have chosen to lay off staff and reduce the quality of their products.
Nonprofit organizations have stepped up to support newsrooms in several ways, but ultimately, they live or die by their communities. Many local papers and radio stations depend on individual donations to fund reporting that would never be done by larger publications, covering civic meetings and investigating local issues that lead to exposés which fix injustices. Even simply signing up for and reading local news draws people closer to issues that affect them -- and reinforces what publications do.
"Most of these stories weren't big but they mattered immensely to the residents in a community larger outlets didn't regularly cover," said Greg Yee, now a reporter at the Los Angeles Times, speaking about his year writing for the Farmington Daily Times in Farmington, New Mexico. (Full disclosure: Yee is a former colleague of this article's author.) Stories that stick out from that time include a mobile home park cut off from natural gas in winter and a new gas station opening in a Navajo Nation community, the only fuel access in 30 miles, that significantly improved locals' quality of life.
"A good local news organization is a problem solver: it identifies problems and helps a community come together to solve it," said Penelope Abernathy, visiting professor at Northwestern's Medill School of Journalism, who heads a site dedicated to mapping news deserts, areas with one or zero local papers. "And a good news organization shows you how you are related to people you may not know you're related to in another part of the county, region or state."
The Washington Post / Getty Images
Long, withering decline
Journalism jobs have been shrinking for decades, driven by declining newspaper circulation and the rise in digital advertising. The news industry's advertising and subscription businesses have roughly halved over the past decade. Much of that money's shifted to Google, Facebook and Amazon, which together now hold 64% of the US online advertising market.
For newspapers, that shift in spending is catastrophic. In the decade after the great recession in 2009, the Pew Research Center found newspaper newsroom employment in the US had dropped by more than half, to about 35,000 workers.
Ironically, the news industry has more readers than ever before – upwards of 10 times as many, according to Danielle Coffey, vice president and general council of the News Media Alliance.
"We don't have a broken product. It's being consumed at exponential rates," she said. "The source of the problem is the revenue problem."
It wasn't always this way.
The founding fathers believed so strongly in newspapers as a public good that they set up government subsidies for postal rates, reducing the cost of distributing the news – which at the time, was delivered on horseback.
In the 1960s and '70s, though, publicly traded paper owners began fixating on profits. To impress shareholders, news organizations conglomerated into big chains that gobbled up local papers into regional networks, said Amanda Lotz, professor of the Digital Media Research Centre at Queensland University.
"The financialization pressure really moves [newspapers] away from the balance between a commercial and public service enterprise of providing news to a community," Lotz said.
Rounds of acquisitions resulted in the gutting of editorial budgets and staff. With fewer reporters, newspapers started relying on national stories published by wire services, a trend that created "ghost papers" that had little or no local content. Meanwhile, the internet became an easy substitution for things online that had until then been exclusive to the paper, like weather, sports scores, classifieds and even news.
Venture capitalists and other financial firms began buying up newspapers in the 1980s but rapidly accelerated in the last two decades, growing to own over 23% of US newsrooms today while wringing out profits with more layoffs.
"Those losses put more strain on already stretched newsrooms and the publications ended up churning through staff," said Yee, who worked for four years at a pair of newspapers owned by hedge fund Alden Global Capital. "All of that translates into worse, inconsistent coverage of the communities they're trying to serve."
As a result, from 2004 until the start of the pandemic in 2020, the US lost a quarter (around 2100) of its newspapers, according to a report from the University of North Carolina's Hussman School of Journalism and Media. By the end of last year, another hundred were gone, Poynter reported, expanding news deserts that are mostly located in financially-impacted rural areas in the country's interior.
Some papers have tried to rely more heavily on subscriptions, while transitioning to mainly digital publishing. Some success stories include the Chattanooga Times Free Press, which has been operating since 1869. Last September, it switched to a daily digital edition and a single print edition on Sunday from a daily print edition. The publication spent $6.1 million to give all its monthly subscribers iPads and train them one-on-one how to use them to access their daily paper, and it's retained subscribers through the transition.
"There are some real success stories in this transition. If you can lower your paper costs and your distribution costs and if you can attract enough digital subscribers, you can support a local newsroom on that. But many local news organizations are still getting a significant chunk of their revenue from print advertising," Medill's Franklin said.
Bloomberg / Getty News
Legislative fix, maybe
One way the news industry could regain revenue and profit is to seek compensation from big tech platforms. After all, advocates say, Facebook, Google, Twitter make money selling ads next to links, videos and photos published and shared freely to their networks.
Legislators in Australia were the first to pass a law in February 2021 requiring Google and Facebook to negotiate with publishers for compensation to use their work, while France followed with its own legislation shortly thereafter. The latter locked horns with Google before finally securing legal assurance that the search giant would pay local media outlets when they appear in search results. Critics like the Electronic Frontier Foundation lament that the Australian and French laws ensured deals for big media publishers at the expense of smaller ones, but that hasn't stopped Canada and the UK from gearing up to pass their own versions.
A version of that idea in the US, called the Journalism Competition and Preservation Act, was proposed in March, 2021 by Senators Amy Klobuchar, Rand Paul, Cory Booker, and Lindsey Graham -- a rare bipartisan effort. The bill would allow news organizations to collectively bargain with tech companies for compensation, but hasn't moved out of committee yet.
Another idea to fund journalism Is the Local Journalism Sustainability Act introduced a year ago in the House by Representatives Ann Kirkpatrick and Dan Newhouse. That bill, if it were to become law, would give newsrooms around $50,000 annually in tax breaks to hire reporters. Small businesses, meanwhile, would receive $5,000 for the first year to advertise in local papers, and Americans would get a $250 stipend to pay for news subscriptions. It's unlikely to pass, though, in part because of partisan bickering over other spending plans on Capitol Hill.
"We need to make sure these publications can sustain themselves through this crisis and beyond, and I believe the credits in this bill make significant progress in providing a pathway to that sustainability," Rep. Kirkpatrick said when announcing the bill.
Nonprofit newsrooms
Some news organizations are finding funding beyond ads and subscriptions. Nonprofit foundations and philanthropic organizations are funneling grants and other aid money to newsrooms, including a new wave of nonprofit publications, like ProPublica, which run mostly on foundation and individual donations.
The American Journalism Project is a self-described venture philanthropy firm that to date has raised $90 million to back 32 local nonprofit newsrooms. Founded in 2019, it's also helped launch four more, taking the startup incubation model and applying it to digital newsrooms.
The organization focuses on both funding newsrooms and guiding them toward self-sustainability by diversifying their revenue streams, said Sarabeth Berman, CEO of the American Journalism Project. Newsrooms they've helped grow by around 67% in their first year and are projected to double their revenue in three years.
"Will local news only be nonprofit? No. Is nonprofit news vital for the future of an informed citizenry? We think so," Berman said.
Report For America, founded in 2017, describes itself as a service organization, which helps pair young reporters fresh out of college with legacy newsrooms. The organization financially supports the reporter by paying half their salary (up to $25,000) the first year, then a third (up to $20,000) the following year. After that, it's up to the publication to decide whether to hire them permanently.
"If you're not in New York or Boston or Washington, some of these news organizations have trouble getting people to go out to smaller towns," said Report For America's Waldman. "We have a very significant recruiting operation and are able to create a sort of self-selected group of people who are really passionate about local."
Report For America has grown its graduating class to 130 reporters this year, up from its first class of 13 in 2018 -- to date, over 560 reporters have gone through the program and partnered with local newsrooms. They include Laura Roche of the Charlotte News & Observer writing about the fraught debate over museums returning the unethically sourced remains of Black people, Sierra Clark of the Traverse City Record-Eagle writing about Melissa Isaac and many others in her Anishinaabek Neighbors series, and Brandon Drenon of the Indianapolis Star writing about the NAACP and others criticizing Indiana schools for failing Black students.
Report for America also connects newsrooms with donors in their area in an effort to get the community more involved in funding its local news again.
"Our goal is to actually help change the local business models in a way that they can sustain that," Waldman said.
The nonprofit Knight Foundation pledged to give $300 million to news organizations in 2019, some of which will go to both the American Journalism Project and Report For America, among other nonprofits that in turn support local newsrooms -- efforts that can be seen city by city on this interactive map. The flow of financial support is important for local newsrooms that operate on nonprofit and for-profit models, which are both valuable to their communities, said Jim Brady, vice president of the Knight Foundation's journalism program.
"Nonprofits tend to be more investigative or enterprise in nature, and the for-profits tend to provide more information on how consumers can live their daily lives. So we think both must be part of the answer to how local news can thrive," Brady said.
An infographic from the UNC Hussman School of Journalism and Media's project website, The Expanding News Desert, headed by Penelope Abernathy.
UNC Hussman
What to do if you don't have local journalism
News experts have advice for what to do if you live in a news desert, with little or no coverage. First on the list: Stop thinking that social media posts are an informative replacement for reporting. Social media can help people know what's going on, but it's rife with bias and misinformation.
"There's a proliferation of misinformation and disinformation that goes unchecked because there's no local journalist checking on the facts. [Social media is] a place where unvetted gossip can get spread," Franklin said.
People need to learn to spot misinformation that's spread on social media by publications that look like they're trustworthy but aren't. Both the World Health Organization and the Poynter Institute have their own free online courses to learn how to fact-check posts yourself -- not just to spot fake news, but also to understand the agenda behind why they're spreading in the first place.
In the voids left by local papers, citizen journalists and bloggers have stepped up to provide their communities with informative coverage, but they lack the oversight and vetting a newsroom provides. For lack of better options, a citizen reporter could start a site on Substack and write about local events, Franklin suggested.
The best thing to do is to reach out to regional papers the next town over and request coverage. You can find your nearest local or regional paper on Newspapers.com or NewspaperMap.com. The Corporation for Public Broadcasting has a station finder site too, and if you're a fan of National Public Radio, you can sign up to become a member of your local station in order to help support it. It isn't a perfect solution for an existing newsroom to stretch to cover another area, but is far better than starting a new local publication from scratch.
But if your community decides to launch a new publication, organizing it as a nonprofit newsroom is a successful way to go. They rely on donations -- foundation support and individual giving account for a combined 83% of nonprofit revenue, according to the Institute of Nonprofit Newsrooms' 2021 Index. And that model is working: 83 of the over 400 nonprofit newsrooms affiliated with INN are less than five years old.
Then there's nonprofit newsroom Berkeleyside, which hosted the so-called first 'direct public offering' where it solicited a combined $1 million in funding from 355 of its readers (an average of $2,816 per person) in 2018 to get started. These are technically securities, but sold directly to its readers, and the publication continues to publish today. It's one of many ways newsrooms are innovating new ownership structures to stay solvent.
"We need to get more support from communities, from local community foundations, from national media foundations and from high net-worth individuals to help make local news sustainable in all areas of the country," Brady said.
Correction, June 28: The original version of this story incorrectly stated how many reporters were in Report For America's first graduating class. Its first graduating class of reporters was in 2018 and had 13 members.
Again apple approved available a game iphone 12 fialový iphone 12 fialová iphone 12 mini iphone 12 pro max iphone 12 vs 13 iphone 12 mini size iphone 12 blue iphone 12 size
iPhone 12 finally gets a new design, which means it could be even harder to repair
iPhone 12 finally gets a new design, which means it could be even harder to repair
When Apple's5GiPhone 12, or whatever it's called, gets announced on Tuesday, Oct. 13, during the company's online-only launch event, industry watchers will be looking closely to see how Apple sells us on 5G wireless, its new chips and cameras, and whatever other new features it might pack in. (Here are all the final iPhone 12 rumors we've heard, and the latest major leak.)
But it's the design that may end up being its most important feature. The new iPhone is expected to shave the device's curved edges into squares, much like those on the current iPad Pro. After three years of the same design, the refresh will likely draw eyes from a lot of consumers eager for a shake up.
But it'll also draw the attention of repair experts around the world, who will rush to YouTube and Twitter once they get hold of the device to start dissecting it down to each seam, screw and cable inside to learn what's fixable and what isn't.
"Apple's the best at everything they do except serviceability," said Kyle Wiens, head of repair instruction and parts site iFixit, which typically rushes to perform online tear-downs of new Apple devices when they launch.
People like Wiens highlight an increasingly public debate within the tech industry over form and function. As gadgets from computers to phones get smaller and lighter, people around the tech world are wondering how far this push for slim design will go, and whether it'll take precedence over being easy to repair.
Repair advocates note, for example, that the batteries in Apple's popular AirPods wireless headphones can't be replaced without destroying them. "That's the difference between a product that can last 18 months and what can last 10 years," Wiens added. But at the same time, the AirPods' popularity stems in part from how lightweight, small and slick they are -- all aspects that would likely be altered by having compartments and connectors for replaceable batteries.
A mockup of what the iPhone 12 may look like, with straight edges on the sides.
Svetapple
Over the years, Apple's tipped further toward that consumable end of the spectrum. Its laptops, which once had easily replaceable batteries, are screwed shut with the batteries glued to the case. Pretty much all its computers other than its $5,999 Mac Pro desktop aren't designed to be easily opened by non-technical people either.
Apple has investigated taking those designs a step further, too. In a patent application published in August called "unitary housing for electronic device," the company described a way to build devices with their electronics encased in two pieces that are sealed with "one or more ultrasonic welds." The fully enclosed housing can be hermetically sealed, the company said.
"Even in the more eloquently designed electronic devices, outer housings are still typically formed from multiple parts, which tends to result in at least seams or other discontinuities, if not exposed screws, tabs or other component fasteners," Apple said in its application. "While many designs and techniques used to provide outer housings for electronic devices and components have generally worked well in the past, there is always a desire to provide alternative housing designs and techniques for new and aesthetically pleasing devices."
Sleek obsession
Apple's designs, under Jobs, led to a series of hits including the iMac, iPod, iPhone and iPad.
CNET
Apple co-founder Steve Jobs famously micromanaged the look of the company's products, in and out. He obsessed over the smallest dot on the screen and the angle of the curves on its devices. The night before the first iPod music player was introduced in 2001, Jobs demanded engineers tear apart and remake the device to make that satisfying click-feeling you get when you plug in a cord.
"The back of this thing looks better than the front of the other guys," Jobs quipped as he showed off the company's first iMac computer in 1998.
While that obsession with design has won Apple praise and loyal fans, it's also attracted criticism. As the company's Mac computers have gotten sleeker, easily removable or replaceable parts like the battery, memory and storage drives became largely inaccessible to people without technical skill.
In 2010, when Apple introduced the iPhone 4, Jobs focused on the device's stainless steel sides that doubled as cellular and Wi-Fi antennas. After its release, users quickly learned that holding the phone a certain way scrambled the device's reception.
Apple's "butterfly" keyboards were largely criticized by reviewers.
iFixit
In 2015, the company introduced a new "butterfly" keyboard for its laptops, which was 40% thinner than previous technologies while potentially offering better accuracy. The design became hated among reviewers as user complaints poured in about failing and mistyped keys.
"Perhaps the kindest thing we can say about the Apple MacBook butterfly keyboard is, 'Thank you for your service,'" CNET's computer reviewer Dan Ackerman wrote after the company finally ditched the technology starting last year. "So long and good riddance."
Whether Apple's newest devices use its seam-removing process is yet to be seen. The company's filed for similar patents in 2010, 2014, 2015, 2016 and 2018. Each time, the it's given more of a window into how it could use the technology. In 2015, it was for a process to house an "operational component" (think more compactly squeezing parts into a MacBook or iPhone). In 2016, it was for using these techniques in a laptop. Now, it's for a broadly described "electronic device."
Apple's also filed patents for "ultrasonic welding" techniques, indicating they could be used to join metal and plastic parts inside an iPad or iPhone. They could also create a laptop with "no apparent seams or other artifacts of manufacture on its outer surface," Apple's said.
Most people expect to see seams, screws and hinges since they've been visible on products for decades. To designers, those "artifacts" aren't so much a part of the design they created.
"When you look at a hinge you think, 'I get how that opens and closes.' But the more they make it just disappear, you get this magical mystery of 'How's it doing that?'" said Francois Nguyen, head of industrial design at consultancy Frog's North American studio.
Apple loved that manilla-envelope MacBook Air reveal so much it was featured in the device's ads too.
Apple
That kind of "ooh" and "ahh" doesn't happen much in the tech industry, but Apple under Jobs made it happen several times. He showed off the first MacBook Air in 2008 by hiding it in an interoffice envelope to show how thin it was. He pulled the first iPod Nano music player out of the small fifth pocket in his jeans in 2005. He showed off that first iMac's colorful translucent case in 1998 by turning down the stage lights while it sat on a bright pedestal.
"All those little moments and details that Apple focuses on really sets them apart from all these other tried and true processes that everyone else has at their disposal," Nguyen said.
There's only so much you can do to reinvent a sheet of glass on a metal body. Still, Nguyen -- who led design for the original "Beats by Dre" headphones, whose namesake company Apple bought for about $3.2 billion in 2014 -- said he expects new technologies, like additional and more advanced cameras, will continue to force design, ergonomic and other changes as Apple adjusts its devices to accommodate them.
"The technology could still be the size of a needle, you still have to hold this thing," he said.
Steps forward and back
Sen. Elizabeth Warren took a hard position against tech companies during her presidential campaign last year.
Angela Lang/CNET
Apple appears to at least understand that form over function is something the world is increasingly paying attention to.
When a member of the New York Times editorial board asked Apple for comment last year on upcoming legislation from Massachusetts Sen. Elizabeth Warren pushing for national right to repair laws, it set off a flurry of emails within Apple's PR team.
"We're still not clear on our seemingly evolving position," Lori Lodes, a former director of corporate communications, said in one message.
"Right now we're talking out of both sides of our mouth and no one is clear on where we're headed," added Kristin Huguet, head of corporate communications.
The messages, published by the House Judiciary's subcommittee on antitrust as part of an investigation of Apple and other tech giants, were among the first times Apple's internal struggles between form and function were made public.
So far, Apple has focused its efforts on expanding the servicing programs it has in place within its stores and through repair shops it certifies. Last year, the company began offering independent repair shops the same "genuine parts, tools, training, repair manuals and diagnostics" that its authorized service providers have access to. In July, the company said it's working with more than 700 businesses across the US, including uBreakiFix.
"When a customer needs a repair, we want them to have a range of options that not only suits their needs but also guarantees safety and quality so their iPhone can be used for as long as possible," Jeff Williams, Apple's chief operating officer, said in a July statement.
That's why, come Apple's event on Oct. 13, some people will be eyeing the bottom of the new iPhone to see whether the two screws typically used to start opening the phone are still there, as well as any other indications of how more tightly sealed the device is.
"Sadly, it's part of the evolution of technology," said Carolina Milanesi, an analyst at market research firm Creative Strategies. The challenge, she said, is that whatever changes Apple makes will need to strike that right compromise between new design, features, and making sure the experience is worth it. Because after all, these phones will likely be used by hundreds of millions of people, all of whom will carry it around with them every day.
"Even if change is better, people just don't like change -- especially when it's with something you're dependent on," she said. "I'm glad it's not my job."
Updated Oct. 13 at 1:55 p.m. PT: To correct the spelling of Carolina Milanesi's last name. We regret the error.
