SlashdotNews for nerds, stuff that matters
May 27th 2026, 16:00 by BeauHD
Dropbox founder Drew Houston is stepping down as CEO after 19 years and will become executive chairman, with product chief Ashraf Alkarmi set to take over after a co-CEO transition period. CNBC reports: Drew Houston founded Dropbox nearly two decades ago at age 24, eventually becoming a household name in Silicon Valley and the first tech entrepreneur to take a company from the Y Combinator incubator program all the way to the public market. Now, at 43, Houston is ready to do something else. [...] By almost any measure, Houston has had a great run at Dropbox, helping pioneer the cloud storage market, competing head-to-head with Google and Apple and building a net worth of more than $2 billion, thanks to substantial ownership in his company. But in the land of outsized expectations, Houston has overseen a company that peaked too soon and never became a generation-defining brand. Dropbox's current market cap of just over $6 billion is down by half from the high price on its first day of trading in 2018, and is below the $10 billion valuation it was ascribed by private market investors in 2014. [...] In its latest quarterly earnings report, Dropbox said it has more than 18 million paying users, and the service remains popular with media professionals, graphic designers, architects, and others who share files and photos as part of their daily work. "Part of me has always thought, oh yeah, I'll be the CEO of Dropbox until my last gasp of my career," he said. "There's never a perfect time, there was no part of me where I was like, 'oh, this date is the date where it's going to happen.'" Since Alkarmi joined Dropbox from Vimeo in late 2024, the company has "become a lot more responsive to our customers and is taking bigger swings on innovation," Houston said. "I trust the right leader," he said. "The company's in the right place."
Read more of this story at Slashdot.
May 27th 2026, 15:00 by BeauHD
joshuark writes: BusPatrol, a company that has installed AI-powered cameras in tens of thousands of school buses around the U.S., now plans to turn those cameras into automatic license plate readers (ALPRs), capturing the location of every vehicle the buses drive past, and give that data to law enforcement, 404 Media has learned. BusPatrol has already taken steps to share the collected data with law enforcement contracting giant Axon, according to leaked BusPatrol documents and a source with knowledge of the plans. BusPatrol has acknowledged how controversial its plan to collect and share this data is, pointing specifically to concerns about ICE using license plate data, but emphasizes the likely success of selling the angle of protecting children. "Who would have thought that school buses would be turned into the mass surveillance state?," Michael Soyfer, an attorney from the Institute for Justice, which has various ongoing ALPR-related lawsuits The Institute for Justice argues that warrantless use of ALPR systems is unconstitutional, describing similar systems as a "dragnet." Kate Spree, senior manager of brand communications at BusPatrol, said in an email "This inquiry is based on a false premise and inaccurate information. BusPatrol does not pool or sell data across communities; student safety program data is used only to support the BusPatrol program in the community where that data was created." When 404 Media asked clarifying questions and said that the reporting is based on leaked BusPatrol material, Spree stopped replying to text messages and emails. This plan gives new meaning to the animated cartoon series "The Magic School Bus"... Further reading: FBI Wants to Buy Nationwide Access to License Plate Readers
Read more of this story at Slashdot.
May 27th 2026, 11:00 by BeauHD
An anonymous reader quotes a report from Reuters: Elon Musk's Starlink and Amazon's low-earth-orbit satellite business may be able to acquire some European mobile satellite spectrum next year, two people with direct knowledge of the matter said on Tuesday. But they said two-thirds of the satellite spectrum that allows mobile devices and vehicles to communicate seamlessly even in remote locations, would be reserved for European companies. U.S. companies Viasat and EchoStar hold licenses that are due to expire in May 2027 and the European Commission has been considering how to allocate future spectrum at the same time as the bloc pushes to reduce reliance on U.S. tech. The European Union's IRIS2 multi-orbit array of 290 satellites, a response to Starlink, will be among the European companies to receive some spectrum, the sources said. British and Norwegian companies can also bid for a license, the people said. Details of the proposal, set to be announced on Wednesday, could still change at a meeting of commissioners on the day, one of the sources. Commission spokesman Thomas Regnier said EU-wide satellite connectivity was "synonymous with resilience, security, and capability" given the current geopolitical context. "Satellite connectivity is a key piece of our technological sovereignty, our security, and our defense, as also highlighted by IRIS2," he added.
Read more of this story at Slashdot.
May 27th 2026, 07:00 by BeauHD
American Airlines plans to install SpaceX's Starlink Wi-Fi on more than 500 narrow-body Airbus aircraft starting early next year. It does not, however, have any immediate plans to change providers on its Boeing fleet, which currently uses a mix of Viasat and Panasonic. CNBC reports: American in January rolled out free in-flight Wi-Fi for members of its frequent flyer program, following United Airlines, Delta Air Lines and others. Delta in March said it would use Amazon Leo for in-flight Wi-Fi for hundreds of jets starting in 2028. United, Southwest Airlines and Alaska Airlines, which merged with Hawaiian Airlines in 2024, have selected Starlink. The move is a big win for SpaceX as it prepares for a potentially massive IPO next month. SpaceX said Starlink and its connectivity business generated $11.39 billion in revenue last year, accounting for 61% of the company's total sales.
Read more of this story at Slashdot.
You are receiving this email because you subscribed to this feed at blogtrottr.com. By using Blogtrottr, you agree to our terms. If you no longer wish to receive these emails, you can unsubscribe from this feed, edit this subscription, or manage all your subscriptions. |
Comments
Post a Comment