10 things in technology you need to know Monday, November 15th

Good Monday, readers. We have a low-down on what could be the most expensive holiday season ever, and Jeff Bezos’ vision for people in space.

Without further…

If this was forwarded to you, sign up here. Download the Insiders app – click here for iOS and here for Android.

holiday shopping, black friday

Mario Tama / Getty Images

1. This year’s Christmas shopping season may be the most expensive ever. While global supply chain problems continue, Amazon and Walmart are in a price battle to offer the lowest cost. A new study shows that Amazon offers the lowest average price among major online retailers, but that Walmart is rapidly narrowing the price difference. Here is what the data otherwise found:

  • Amazon has the lowest prices for holiday gifts such as electronics, toys and video games – but that is if you can get your hands on certain electronics, as a chip shortage damages the production of game consoles, mobile phones and other technology.
  • Target became 15% more expensive than Amazon on average.
  • Specialty retailers, like Chewy and Home Depot, keep prices close to the Amazon.

Read the full report here.

In other news:

Theranos founder Elizabeth Holmes is seen wearing a blue mask and gray sweater in a courthouse

Kate Munsch / Reuters

2. We have a summary of Elizabeth Holmes’ 10th week in court. Jurors learned last week that Theranos canceled as many as 60,000 test results over a two-year period, and one investor described “hostile” behavior from his former COO. Here’s what else you might have missed.

The Genius sold for $ 80 million, making two of its founders millionaires – but its third founder got nothing. The deal valued ordinary shares of lyrical annotation sites at $ 0, meaning most employees ‘shareholders, including Genius’ third co-founder, did nothing on the sale. Here’s what we know about what happened.

4. A former SpaceX engineer has accused the company of racial discrimination. In a lawsuit, the employee claims he was paid “significantly” less than his colleagues and was subjected to severe harassment. SpaceX claims he was fired for making inappropriate facial expressions. More on this here.

5. A top Tiger Global dealmaker has a warning for startups. The red-hot VC market could end up hurting some employees who join a startup that later has a drop in valuation, John Curtius said. Read his warning about employees’ share pay.

6. Jeff Bezos predicts that humans will one day be born in space. In his vision of the future, humans will live in space colonies and “visit the Earth as you visit, you know, Yellowstone National Park.” See more of his predictions.

7. Robots take our jobs – but that’s not a bad thing. More companies are automating jobs and using new technology to streamline their operations, and these initiatives will make employees’ lives better and help grow the economy, writes columnist Josh Barro. He explains why more robots are good news for everyone.

8. Apple’s privacy spree has hit developers, but helped the technology giant generate an extra $ 1 billion a year. The company’s new App Tracking Transparency rules put it in a unique position for profit. Read more about the extra advertising money generated since the change.

9. Iceland’s tourism organization made fun of Mark Zuckerberg’s metaverse ambitions. In an advertising video of the country, a Zuckerberg double introduces “Icelandverse” – a parody of the meta-verse – and refers to Meta CEO’s infamous sunscreen image. Watch the video here.

10. Chinese startups are fighting with Tesla for the supremacy of electric cars. Three electric car startups have risen to the top of the pack in China, challenging Tesla in what is becoming its most crucial market. Take a look at their high-tech cars.

What we see today:

Curated by Jordan Parker Erb in New York. (Feedback or tips? Email jerb@insider.com or tweet @jordanparkererb.) Edited by Michael Cogley in London.

Leave a Comment