Winklevoss twins back Payload, a new outlet covering business of space

Payload, a new digital media company focused on the business and policy of space, is hoping to bring more professional coverage to an industry that’s growing very big, very fast.

Why it matters: For years, space coverage has focused on the consumer-facing spectacle of space travel instead of the business and societal implications of the industry.

  • Payload’s coverage aims to go a step deeper, by providing business and policy coverage to space industry professionals. There are an estimated 2.19 million workers in the U.S. aerospace and defense industry.
  • Space is currently a $350 billion a year market and is forecast to grow to $1.4 trillion by 2030.

Details: The new company has raised a $650,000 seed round, mostly from Winklevoss Capital, the venture firm run by Cameron and Tyler Winklevoss, as well as Andy Weissman and Sam McIngvale.

  • “We’re very confident that we’ve raised the right amount of
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Eric Adams Vows to ‘Welcome Business,’ Calling New York ‘Dysfunctional’

He has been more supportive of charter schools than several of his Democratic mayoral rivals, and more so than Mr. de Blasio; he also has close ties to real estate.

And Mr. Adams has said that public safety must be at the center of the economic recovery efforts — echoing a theme that more than 150 business leaders underscored in a letter to Mr. de Blasio last fall, when they demanded that he take more decisive action to address crime and other quality-of-life issues that they said were jeopardizing the city’s economic recovery.

Mr. Adams’s remarks came at the SALT Conference, held at the Javits Center and overseen by Anthony Scaramucci, the onetime Trump White House communications director. The schedule promised appearances from two hedge fund billionaires who were principal backers of a super PAC supporting Mr. Adams’s candidacy: Daniel S. Loeb, a prominent charter school supporter, and Steven A.

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Facebook to buy $100 million of invoices from diverse-owned businesses

Facebook CEO Mark Zuckerberg

Chesnot | Getty Images News | Getty Images

Facebook this week announced a $100 million commitment to a program that supports small businesses owned by women and minorities by buying up their outstanding invoices.

By buying up outstanding invoices, the Facebook Invoice Fast Track program puts money in the hands of small businesses that would have otherwise had to wait weeks if not months to get paid by their customers. 

The program is the latest effort by Facebook to build its relationships and long-term loyalty among small businesses, many of whom rely on the social network to place ads targeted to niche demographics who may be interested in their services. 

Businesses can submit outstanding invoices of a minimum of $1,000, and if accepted, Facebook will buy the invoice from the small business and pay them within a matter of days. The customers then pay Facebook the

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Apple Fixed Flaw That Let Hackers Spy on IPhones Without Link Clicks

  • Apple has fixed a flaw that was letting hackers spy on devices without users even clicking a link.
  • The zero-click hack gave access to device cameras, microphones, and messages without users knowing.
  • Apple is telling users to update their iPhones, Macs, and Apple Watches immediately to protect them.

Apple is warning users to update their devices as soon as possible after it fixed a major

spyware
flaw.

The company has released emergency software updates in iOS 14.8 after learning of a vulnerability that let hackers break into Apple devices without users even clicking a link, The New York Times reports.

“Apple is aware of a report that this issue may have been actively exploited,” the company said on its website Monday.

The Canadian academic research group The Citizen Lab published a report Monday saying it had uncovered a zero-day, zero-click exploit affecting iPhones, Macs, and

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Waiver process for COVID-19 business closures was flawed

Pennsylvania’s auditor general says the process used to determine whether businesses could stay open at the start of the COVID-19 pandemic was flawed and caused confusion for business owners.Auditor General Timothy DeFoor on Tuesday released the results of a performance audit of the waiver process and criticized the way it was handled by the Wolf administration.”While the pandemic certainly presented some unique challenges, the process was hastily assembled on the fly, unevenly administered and should be reformed before anything like it is ever used again,” he said.On March 19, 2020, Gov. Tom Wolf ordered non-life-sustaining businesses to close to slow the spread of the coronavirus. Businesses could ask to remain open by applying for a waiver from the Department of Community and Economic Development (DCED).Changing guidanceDeFoor said the audit found the state’s guidance on what constituted a life-sustaining business was more restrictive than a federal advisory, and many businesses were … Read the rest

Why millions of people started a business during the pandemic

During the pandemic, entrepreneurs opened their own businesses at more than twice the rate seen in pre-pandemic times, thanks to government support programs and improved remote technology that weren’t available during other economic downturns such as the Great Recession.

Andre Smith, a 26-year-old who lives on New York’s Long Island, found himself without a steady source of income at the start of the pandemic last year after the construction company he worked for “ran dry” from March until June. With a lot of time on his hands and the need to make money again, he was able to do something he’s been aspiring to do since he and his family immigrated from Jamaica in 2007: start his own business.

“I said to myself, ‘This is the perfect time to learn something and use this time wisely,’” he told NBC News.

After five months of conducting online research and reading notes

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Adapt or else: Downtown businesses cope with new reality

Downtown businesses in the U.S. and abroad once took for granted that nearby offices would provide a steady clientele looking for breakfast, lunch, everyday goods and services and last-minute gifts. As the resilient coronavirus keeps offices closed and workers at home, some are adapting while others are trying to hang on.

Some businesses are already gone. The survivors have taken steps such as boosting online sales or changing their hours, staffing levels and what they offer customers. Others are relying more on residential traffic.

Many business owners had looked forward to a return toward normalcy this month as offices reopened. But now that many companies have postponed plans to bring workers back, due to surging COVID-19 cases, downtown businesses are reckoning with the fact that adjustments made on the

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Lebanon, Mo. business owner charged with sodomizing a child, tampering with a witness

LEBANON, Mo. (KY3) – A Lebanon man is charged with sodomizing a child in the second-degree and tampering with a witness.

Authorities arrested Marcus Hill. Hill is being held without bond in the Laclede County Jail. He is a ten-time convicted felon in Missouri.

Investigators say a woman stated after turning 14-years-old, sexual contact between her and Hill would happen two-to-three times a week. Investigators say Hill would say she is meeting him to do chores and have the other adults that were around go run errands.

When police arrived at the home to discuss this with the parents, police were told Hill had tried to get the child to leave with him, according to investigators. They say Hill was trying to intimidate her.

Investigators say Hill would take the girl and her brothers to do donuts in the car, and leave the brothers. Investigators say he would rape her

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ByteDance says it will downsize fintech business, plans to sell stock broker ops

The ByteDance logo is seen in this illustration taken, Nov. 27, 2019. REUTERS/Dado Ruvic/Illustration

BEIJING, Sept 2 (Reuters) – Beijing-based ByteDance, the owner of TikTok, said on Wednesday that it would shrink its financial services unit and that it planned to sell its stock broking operations amid China’s tightening grip on the financial technology (fintech) sector.

ByteDance operates Songshu Zhengquan, which translates to Squirrel Securities, in Hong Kong, and Haitun Gupiao, or Dolphin Stocks, in mainland China.

China recently has been tightening scrutiny towards the fintech sector, requiring companies to set up financial holding companies if they meet requirements to do so, as Alibaba’s (9988.HK) fintech affiliate Ant Group was forced to do earlier this year, a move that tightens capital requirements.

Sources have said that ByteDance has never prioritised fintech expansion, and that it has focused on sectors including e-commerce and gaming as its new sources of growth.

ByteDance

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Local business confused over SNAP benefit denial

WICHITA, Kan. (KWCH) – The Supplemental Nutrition Assistance Program, or SNAP, provides benefits used to purchase food by those who qualify. After one local business was told they weren’t eligible to accept SNAP from customers, they did some digging and found that a national pizza chain with a very similar business model can…and they want to know why.

For busy folks living in Hillsboro, Kansas, who want a home cooked meal but maybe don’t have the time to do the cooking, there is a place. Mama C’s Take and Bake. A place where “home” cooked meals are prepared but not finished. Customers can pick them up, pop them in the often when they get home and enjoy. Owner, Carla Hamm, says it’s a lot of work and a lot of food, but her customers appreciate the convenience.

“We provide meals we make. On our little sticker labeling system, we have

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