Tuesday, October 2, 2018

Amazon raises its minimum wage. It's The Daily Crunch.

THE DAILY CRUNCH
TUESDAY, OCTOBER 2 2018 By Anthony Ha

Amazon raises its minimum wage, Apple Wallet adds student IDs and Tencent restructures. Here's your Daily Crunch for October 2, 2018.

1. Amazon increases minimum wage for all U.S. workers to $15 an hour

The policy will cover employees at Amazon subsidiaries, including Whole Foods, and well as seasonal and temporary employees.

The news comes as Amazon is facing increasing scrutiny over how its workers are treated and paid. In fact, as CEO Jeff Bezos put it, "We listened to our critics, thought hard about what we wanted to do, and decided we want to lead."

2. Apple adds student ID cards into Apple Wallet to access buildings, buy food and more

Apple had actually announced the service back in June, but now the first three schools are going online — Duke University, the University of Alabama and the University of Oklahoma.

3. Tencent shakeup puts the focus on enterprise

Chinese internet giant Tencent is reorganizing its business to alleviate the pressure on its under-fire consumer business.

4. NYC wants to build a cyber army

This is a $30 million "catalyzing" investment from the New York City Economic Development Corporation. Through five new startup programs, NYC Cyber offers a new plan for New York to dominate cybersecurity in this century.

5. Google gets into game streaming with Project Stream and Assassin's Creed Odyssey in Chrome

Looks like the rumors about Google launching a game streaming service were true.

6. Twitter widens its view of bad actors to fight election fiddlers

Twitter says it's responding to feedback that it's been too conservative in how it thinks about spammers on its platform. So it's expanding its net to try to catch more types of "inauthentic activity".

7. Google's head of its $110B+ ads and commerce business is leaving for Greylock Partners

While at Google, Ramaswamy oversaw virtually all of the Ads and Commerce products — that is, basically everything outside of the Google Cloud that makes the company most of its money. At Greylock, he will focus on earlier-stage entrepreneurial projects.

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