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California Lawmakers Target Amazon
California is set to pass a new bill pushing back productivity measurement algorithms allegedly used in Amazon fulfillment centers.
The new bill was passed by the lower house in May, while the upper house is expected to vote in the next week.
If approved by the upper house, it would prohibit any quota that prevents workers from taking state-mandated breaks or using the bathroom when needed, or that keeps employers from complying with health and safety laws.
Introducing the bill in July, Assembly member Lorena Gonzalez (D-San Diego) said, “To make next-day delivery possible, corporations like Amazon have forced warehouse employees to work faster, service more customers with more orders in record amounts of time, and risk their own bodies in the process.”
“No worker should be forced to sacrifice their basic human needs, or accept such undignified conditions for a paycheck,” added Gonzalez.
Bathroom breaks have become a pain point for Amazon after media published reports about the company’s delivery drivers being forced to pee in bottles while on the job.
However, the new bill would block any quota system that prevents meal and rest breaks or usage of the bathroom by employees.
Commerce Platform ShopUp Raises $75 Million
ShopUp, a Bangladesh-based B2B commerce startup, has raised $75 million in a Series B funding round.
The funding round was led by Peter Thiel’s Valar Ventures and also included participation from new investor Prosus Ventures and existing investors Flourish Ventures, Sequoia Capital India, and VEON Ventures.
The new investment takes the startup’s all-time raise to over $100 million, making it the highest-funded start-up in Bangladesh.
ShopUp is building best-in-class infrastructure to support retail operations all over Bangladesh, adding more categories to cater to the underserved small retailers, and also launching new financial products to meet the unarticulated needs of the retailers.
The startup has witnessed more than 13 times growth in revenue and 11 times growth in the number of total shipments over the past 12 months.
ShopUp will use the new capital to expand heavily across Bangladesh in more cities and plans to digitize the fragmented retail market and solve issues across supplies, lending, and logistics.
El Salvador Buys 200 Bitcoins
El Salvador has purchased 200 bitcoins, President Nayib Bukele announced on Monday, September 6, one day before the country formally adopts the cryptocurrency as legal tender.
The Central American country now holds 400 BTC and plans to purchase a lot more coins in the future, and will also allow Bitcoin to circulate alongside the U.S. dollar as legal tender starting September 7.
El Salvador is legalizing bitcoin on September 7, a move that Bukele said will save its citizens living abroad millions of dollars in commissions on the money they send back home.
Earlier in June, El Salvador became the first country to officially announce Bitcoin as a legal tender in the country.
The purchase of Bitcoin is the first step of El Salvador towards its ambitious attempt to boost its economy by using futuristic and decentralized technology as its legal tender.
However, Salvadorans are skeptical about using bitcoin and are cautious of the volatility of the cryptocurrency that critics say could increase regulatory and financial risks for financial institutions.
Misinformation Posts on Facebook Reportedly Got More Engagement
According to a peer-reviewed study from researchers at New York University and the Université Grenoble Alpes in France, misinformation posts on Facebook got six times more clicks than reputable news sites during the 2020 election.
The study looked at posts from the Facebook pages of more than 2,500 news publishers, from August 2020 to January 2021 and saw publishers with right-wing inclinations have a much higher propensity to share misleading information than publishers in other political categories.
The researchers will share the study as part of the 2021 Internet Measurement Conference in November.
Facebook critics have many times alleged that misleading content that emphasizes the perspective of its viewers gets significantly more attention and clicks than mainstream views.
In response to constant criticism that it is becoming less transparent, Facebook recently published a new transparency report that shows the most popular content on the platform every quarter.
Additionally, Facebook is pushing down all posts by users who repeatedly share misinformation and fake content across its platforms, as it increases its fact-checking efforts to individuals from pages, groups, Instagram accounts, and domains.
Around The Web
💧 H2O Hospitality Raises $30 million: H2O Hospitality, a Japanese vacation rental management company, has raised over $30 million in a Series C funding round. The funding was led by Kakao Investment and had participation from other investors including, Korea Development Bank, Gorilla Private Equity, InterVest, Nice Investment, and Kejora-InterVest Growth Fund.
🚫 NFL Bans Teams From Crypto Advertisements: The National Football League (NFL) has announced that teams and members will be barred from crypto-related sponsorships and advertisements, as well as nonfungible token (NFT) sales.
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