The Brexit Party gives the Tories a boost. But maybe a fairly small one. Leader Nigel Farage has said his party won’t contest the 317 seats won by the Conservatives in the 2017 election. Few of them, however, are expected to be competitive.
Uber’s booted CEO dumps his stock. Travis Kalanick, a co-founder of the ride-hailing giant, has sold more than $500 million worth of shares, about a fifth of his remaining stake of $2 billion. Kalanick has been investing heavily in a new business that rents out kitchen space to restaurants and startups.
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Hi! This is Feli, User Advocate at Quartz. We’ve been making a lot of changes and have a lot of ideas and projects in the works, so we want to check in with everyone and make sure we’re moving in the right direction. Click on the post to open our feedback survey, and sign up to have a chat with us! We’ll show you what we’re working on and you can tell us what you think!
Hi everyone! I'm Sudie, Quartz's Support Manager. I've chatted with some of you over the past few months and it's been great getting to know you! We'd love to hear from everyone about the recent changes, and can't wait to learn what your experiences have been like.
Taming big tech
It’s no longer a question of whether something needs to be done to rein in big tech, but what, how soon, and whether it will be enough. In our latest member exclusive, reporter Alison Griswold looks at just how it could be done. ✦
More claims of discriminatory lending at Apple and Goldman Sachs. Apple co-founder Steve Wozniak adds his voice to those who have noticed gender-based credit discrimination with the Apple Card. Yesterday, a Wall Street regulator said they would open a probe into the potential legal violation.
Reason 1 million why VCs need to diversify their pipeline and fund startups led by women and people of color. Biases in the data used to train AI is deeply concerning and it’s happening because 98% of funding goes to white men. Want to diversify your pipeline, happy to provide you recommendations.
Human, all too human? Did I hear the Nietszcheans opine? The bigger question is why did GS get into this low-margin retail finance in the first place?
What all this says is that we need algorithms to be treated as machine employees. We don’t condone discrimination in employees because they grew up learning how to discriminate, no matter what their prior experience. We don’t defend their behavior because they are only reflecting what the data says
What all this says is that we need algorithms to be treated as machine employees. We don’t condone discrimination in employees because they grew up learning how to discriminate, no matter what their prior experience. We don’t defend their behavior because they are only reflecting what the data says. We don’t let them off the hook for explaining themselves because we don’t understand how their brain works. We certainly shouldn’t leave front line people to explain things to customers that leaders don’t understand themselves.
Hong Kong: tensions spiral
More protesters were shot. In one of its most violent days since protests began in June, police shot a demonstrator, who is now in critical condition. Meanwhile, Hong Kong stocks had their biggest slump in three months, adding to fears about an economy already in recession.
Fake it til you make it. Kickstarter co-founder Yancey Strickler took inspiration from Paul McCartney and created an alter ego for himself to help overcome creative obstacles and finish his new book.
Singles' Day spending
The Chinese shopper still loves America. Although US-China rivalries mean patriotism could drive some consumer buying, several major American brands clocked strong sales on Singles' Day.
China's shopping holiday is serious business. November 11 is Singles' Day in China—11/11, get it?— and e-commerce giant Alibaba's discounts and promotions brought in nearly $9 billion in sales in just the first 20 minutes of operations.
All told, despite narratives about slowing growth and “shopping fatigue”, the desire to get a deal is strong.
Expect to see more pragmatic purchases this year as consumers seek to get household necessities for a steal... think: cleaning supplies, dog food, toilet paper in bulk.
From battlegrounds to parks
Women at work
Women still sacrifice personal happiness for professional brilliance. A recent study found that a woman who earns less than her partner when they get married is more likely to get divorced if her career suddenly takes off.
Viral visiting card
An Indian domestic worker goes viral. A housemaid in the western Indian city of Pune went viral overnight because of her visiting card. Her story is representative of millions of women in the country whose lives are defined by informality at every stage of the employment process.
I still have to do a little bit of a double-take to remind myself why this visiting card went viral. Domestic help is and always has been a vital case study for the informal economy in India. It's fascinating how the story of housemaid with a visiting card posed so many questions about the ad-hoc and
I still have to do a little bit of a double-take to remind myself why this visiting card went viral. Domestic help is and always has been a vital case study for the informal economy in India. It's fascinating how the story of housemaid with a visiting card posed so many questions about the ad-hoc and informal processes that dictate work for so many women in India.
A whole lot of interest in Geeta Kale also stems from elitists like us who are surprised at a person of her socioeconomic status using business cards. After all, however simple and inexpensive it may be, the visiting card still symbolises a world that, to our minds, is closed to informal workers like her.
Climate disaster, in 📸
A UNESCO site in Ivory Coast was submerged. For three months until November, the Quartier France of Grand-Bassam became impassable except by canoe. One photographer captured the damage to the major tourist site. 👉
Pop Quiz: Streaming TV edition
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