How an AI health startup CEO got away with it for so long. Behind the scenes of explosive growth, students and employees of Clinic's founder worried about the consequences of reporting his sexual harassment and other offensive behavior.
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Investors are running for cover over coronavirus fears. The Dow fell another 880 points on Tuesday and the S&P 500 has dropped 7.5% since the beginning of the week. The yield on 10-year US Treasuries also reached a record low of 1.31% in a second straight day of panic on Wall Street.CNBC
The head of Uber Eats steps down. Uber announced that Jason Droege, the head of its food-delivery business, will be replaced by the company's head of ride-hailing operations outside North America.Quartz
Assessing the war on soda
A politician tries to whitewash apartheid
The unprecedented rise of TikTok
TikTok is China’s first global app. The short-format video app, owned by ByteDance, is the first Chinese app to become truly intertwined in the lives of its international users. Quartz’s Jane Li explains TikTok’s history, the company behind it, and its biggest challenge: scrutiny from regulators, especially in the US. ✦Quartz
How TikTok became India’s favorite social media app. It was a combination of the right product arriving at the right time in a country that hosts the world’s second-largest and fastest-growing internet user base. India has now become the testing ground for the app’s rocket-like growth in international markets. ✦Quartz
The popularity of TikTok in India isn't surprising given the population's love of cinema and music. The chance to show off their own takes on popular Bollywood dances makes total sense! I wish I had thought of the app for India first! 😂
Who is ByteDance’s chief executive Zhang Yiming? Back in 2013, he was a little-known tech entrepreneur. Since then, his tech company has grown to be one of the most successful startups in the world, offering a wide array of apps, from news aggregators to selfie tools to the massively popular TikTok. How did he get here? ✦Quartz
Africa’s largest e-commerce operator is in mild trouble
Jumia’s fourth-quarter results show it’s far away from turning a profit. Despite popular Black Friday promotions, attempts to solve delivery problems, and a withdrawal from three African countries to focus on more profitable ones, the Nigerian e-commerce platform is still reporting million-dollar losses, and its share price keeps falling.Quartz
Modi and Trump stick to business
All trade and no democracy is the new hallmark of India-US ties. Donald Trump’s message is clear: As long as India opens up its markets to US products, and is willing to make common cause with the US on some foreign policy issues, the shared commitment to democratic values and civil rights can be set aside.Quartz
Chief executive changes
The Bob Iger era at Disney is over. Over his 15 years leading Disney, Iger created a behemoth with the acquisitions of Marvel, Pixar, and Fox. He plans to stay on as executive chairman, with Bob Chapek, formerly boss of Disney Parks, taking his place as CEO.Quartz
This is an interesting day to be a Disney fan. On one hand, Mr. Chapek will bring strong financial results for investors-we know he's capable of doing this, look at the financial results in the Parks since he came on. But, as a Disney fan, I understand that Mr. Chapek isn't the most popular in the fan
This is an interesting day to be a Disney fan. On one hand, Mr. Chapek will bring strong financial results for investors-we know he's capable of doing this, look at the financial results in the Parks since he came on. But, as a Disney fan, I understand that Mr. Chapek isn't the most popular in the fan community, and that's an understatement. He has a reputation of cutting costs at the expense of guest experience, namely, according to some fans, cutting Cast Member hours and cutting a third attraction from Disney's newly opened Star Wars themed lands at Disneyland and Disney's Hollywood Studios. Whether or not these assertations are true, doesn't really matter, that's Mr. Chapek's reputation among a sizeable group of Disney diehards.
I'm sure, however, that some people's visions of doom and gloom are exaggerated and that Mr. Chapek will find the right balance between financials and the magic.
The Delhi riots
At least 20 killed and over 200 injured in Delhi violence. Over the past two days, violent mobs have burnt down shops and houses, vandalised religious places, fired guns, and created overall mayhem in northeast Delhi. A curfew has been imposed in the affected parts and the police have issued shoot-at-sight orders against rioters.Quartz India
Retail apocalypse? Not now.
Political leaders, including most recently Donald Trump, have claimed that the coronavirus outbreak is under control. Communication experts say there could be a dangerous mismatch between the perception of risk and reality.Quartz
Human vaccine trials are around the corner. US health officials announced that human trials for a COVID-19 coronavirus vaccine are expected to begin in just six weeks. There are currently no proven therapies for the disease.CNBC
South Korea goes into crisis mode. The government will test more than 200,000 members of a church at the epicenter of an outbreak. Separately, South Korea's Ministry of Food and Drug Safety announced plans to develop a vaccine and the US has issued a travel warning to the country.Reuters
The business of space
See you soon
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It’s dangerous for governments to claim the coronavirus outbreak is under controlQuartz
A handful of US cities have passed soda taxes, but are they working?Quartz
All trade and no democracy is the new hallmark of India-US tiesQuartz India
A misguided attempt by FW de Klerk to reframe apartheid’s impact damages his legacyQuartz Africa
Delhi chief minister seeks Indian Army’s help after riots claim 20 lives over two daysQuartz India
A guide for early-stage Indian startups to lure the right talentQuartz India
Jumia’s losses widened over the last year—and now coronavirus threatens to hobble growthQuartz Africa
Supreme Court offers no relief to parents in cross-border shooting caseQuartz