People

Why Uber wants to deliver much more than just food

In this week's episode: Biz Carson on Peter Thiel and a network of cameras hidden all over San Francisco; Mike Murphy on the high-tech future of post-COVID health care; and NYU's Arun Sundararajan on the Uber-Postmates acquisition, the future of delivery, and what every company needs to learn from the pandemic.

For more on the topics in this episode:

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How the founders of HalloApp plan to fix social media

Former WhatsApp execs talk about lessons learned building their privacy-focused platform.

Image: HalloApp

Stop me if you've heard this one before: An app that promises to be the anti-Facebook is focusing on real connections instead of ads and brands. Of course, this has been tried before. There’s an entire digital graveyard littered with the corpses of apps that tried and failed to offer a compelling alternative to the inescapable social network. But maybe two former Facebook employees who were instrumental at WhatsApp know the secret to drawing in users — and keeping them.

Neeraj Arora and Michael Donohue, who served as WhatsApp’s chief business officer and engineering director, respectively, started HalloApp in late 2019, dubbing it the “first real-relationship network.” Arora helped negotiate WhatsApp’s $22 billion sale to Meta (then known as Facebook Inc.) in 2014. He realized after joining the social giant that Facebook’s advertising-focused business model wasn’t serving its users and set out to create an alternative.

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Nat Rubio-Licht

Nat Rubio-Licht is a Los Angeles-based news writer at Protocol. They graduated from Syracuse University with a degree in newspaper and online journalism in May 2020. Prior to joining the team, they worked at the Los Angeles Business Journal as a technology and aerospace reporter.

Sponsored Content

Foursquare data story: leveraging location data for site selection

We take a closer look at points of interest and foot traffic patterns to demonstrate how location data can be leveraged to inform better site selecti­on strategies.

Imagine: You’re the leader of a real estate team at a restaurant brand looking to open a new location in Manhattan. You have two options you’re evaluating: one site in SoHo, and another site in the Flatiron neighborhood. Which do you choose?

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Climate

Business travel is Big Tech’s next climate challenge

Tech companies are waking up to the dangers business flights pose to the climate. Now, they’re trying to help employees figure out how to choose modes of travel that emit less carbon pollution.

Despite the fact that companies are focused more on cutting carbon, few have specific guidelines for individual employees on how to choose flights.

Photo: Gary Lopater via Unsplash

There’s no way around it: Business flights are frying the planet.

About 90% of business travel carbon emissions come from flying, and just 1% of travelers — many of whom fly for work — are responsible for 50% of all air travel carbon pollution. As the tech industry continues to make sweeping net zero pledges, actually getting there will require making smarter choices when it comes to flying.

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Michelle Ma

Michelle Ma (@himichellema) is a reporter at Protocol, where she writes about management, leadership and workplace issues in tech. Previously, she was a news editor of live journalism and special coverage for The Wall Street Journal. Prior to that, she worked as a staff writer at Wirecutter. She can be reached at mma@protocol.com.

Workplace

Is it legal to fire someone while they’re on parental leave?

Twitter is in chaos right now. But that’s still not a good reason to fire someone while they’re on parental leave.

Kayvon Beykpour was terminated during his parental leave.

Screenshot: Twitter

This week, Twitter fired the company’s head of Consumer, Kayvon Beykpour, in the latest shakeup related to the Elon Musk deal.

According to Beykpour’s tweet, the senior executive was on paternity leave after welcoming a daughter last month. This brings up a lot of questions around the ethics — and legality — of firing someone while they’re on parental leave.

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Michelle Ma

Michelle Ma (@himichellema) is a reporter at Protocol, where she writes about management, leadership and workplace issues in tech. Previously, she was a news editor of live journalism and special coverage for The Wall Street Journal. Prior to that, she worked as a staff writer at Wirecutter. She can be reached at mma@protocol.com.

Fintech

Crypto is crumbling, and DeFi hacks are getting worse

The amount of crypto stolen in the first quarter of 2022 has already surpassed criminal hackers’ 2021 haul. There aren’t any easy fixes.

The biggest hacks of 2022 were carried out by attackers spotting vulnerabilities in smart contracts and protocols, especially in cross-chain bridges and flash loan protocols.

Illustration: Christopher T. Fong/Protocol

Until recently, DeFi seemed like it was on an exponential trajectory upwards. With the collective value of crypto peaking near $3 trillion, hackers saw a big opportunity. The only thing that may slow them down is the precipitous drop in the value of the tokens they’re going after.

DeFi hacks have been getting worse and worse, with no clear solutions in sight. According to a recent report by blockchain security firm PeckShield, the amount of money netted from DeFi hacks in the first four months of 2022, $1.57 billion, has already surpassed the amount netted in all of 2021, $1.55 billion. A report by Chainalysis found a similar trend, with the hacker haul in the first three months of 2022 exceeding a record set in the third quarter of 2021.

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Lindsey Choo
Lindsey Choo is a San Francisco-based reporter covering fintech. She is a graduate of UC San Diego, where she double majored in communications and political science. She has previously covered healthcare issues for the Center for Healthy Aging and was a senior staff writer for The UCSD Guardian. She can be reached at lchoo@protocol.com.
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