Here in the Bay Area we're used to fog every summer morning — but this year, the fog is cut with a smoky haze that says "apocalypse."
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Technology companies are trying to disrupt the decades-old movie theater business, but unlike other industries, they haven't entirely been able to crack the code, Axios' Sara Fischer reports.
Why it matters: Movie theater admissions have been relatively stable for the past three decades, despite the explosion of options technology has afforded consumers in entertainment. Tech firms trying to break the ticketing supply chain aren't having much luck.
MoviePass, the monthly subscription theater ticketing service with a beloved unlimited-ticket plan, has gone through a rough few months trying to develop a sustainable business model. Many analysts think it will be difficult for the startup to figure it out.
The big picture: Other big tech companies are investing in ticketing and theater ownership, but not for the purpose of competing directly with existing theaters.
Between the lines: One area where tech is causing some concern, according to analysts, is the release window between studios and streamers.
Twitter CEO Jack Dorsey. Photo: Michael Cohen/Getty Images for The New York Times
Twitter CEO Jack Dorsey will be making more stops on his media tour amid the Alex Jones controversy, Axios' Sara Fischer and David McCabe report.
Why it matters: Twitter is being criticized for appealing to the right by doing a radio interview with Fox News' Sean Hannity on Wednesday, but Dorsey's charm offensive is about to go wider.
Between the lines: The media tour comes amid controversy that while other tech platforms simultaneously banned Jones, Twitter stood behind its existing policies. A source familiar with the bookings says the purpose of this media tour is to be transparent and to have Dorsey be the face of the decision and explain it.
The New York City Council voted on Wednesday to cap the number of ride-hailing cars in the city as part of a set of bills that will also set a minimum wage for drivers and halt new licenses while the city studies the impact of ride-hailing, Axios' Kia Kokalitcheva reports.
Why it matters: This is a blow to companies like Uber and Lyft, which have historically resisted such regulations. Mayor Bill de Blasio attempted to introduce a cap in 2015, but dropped the plan after pushback from ride-hailing companies.
Top tech firms are meeting this week with representatives of 24 historically black colleges and universities (HBCUs), in an effort the industry hopes will create partnerships to help diversify its technical workforce, Axios' David McCabe reports.
Why it matters: Tech has long struggled to increase hiring of black engineers, and while companies have previously worked with HBCUs, industry groups hope this new push will lead to deeper engagement.
The details: Representatives from companies including Google, Facebook, Amazon and Apple are meeting in North Carolina with the schools, along with elected officials like Rep. Alma Adams (D-NC) and nonprofit groups. Trade groups are also attending the gathering.
“Often times you have these convenings and it's mostly about the conversation,” said Dean Garfield, president of the Information Technology Industry Council — but this time, he added, he's hopeful for a more systematic outcome.
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