The editors of Ars Technica have compiled their annual list of “Companies, tech, and trends least likely to succeed in 2018… Let’s grab a Juicero and take a moment to reflect on the utter dumpster fires that we’ve witnessed over the past 12 months.” Some of its highlights:
Uber. “The company is losing billions of dollars a year, with no clear strategy for getting to profitability. Uber lost $2.8 billion in 2016 and will lose even more than that in 2017. Uber had $6.6 billion cash on hand in mid-2017 — money that might not last much beyond the end of 2018… The company needs to find a way to stem its losses and get on the path to profitability before investors get frustrated and close their checkbooks…”
Twitter. “Still a money-losing concern. In 2016, it lost a mere $456.9 million, and its losses have continued in 2017 (though at a slightly less hemorrhagic pace). Still, on paper, the company is burning through the equivalent of a third of its cash on hand per year. And profitability (or an acquisition) is nowhere in sight…”
Net Neutrality. “It’s not a company, but it’s on deathwatch anyway…”

They also advise readers to “Pour out one for Radio Shack, which died even faster the second time around after what looked like a brave reboot” (though it’s now getting another reboot). And they’re bragging about their successful picks last year for the companies least likely to succeed in 2017.
“Yahoo has now been officially digested by Oath, a Verizon Company, its bits commingling with AOL’s in a new, bizarrely named beast that for now bears the same logos… Yik Yak, the anonymous gossiping-messaging app that got banned by various universities for hate speech, is dead — selling its intellectual property to Square, of all companies… Theranos is busy sending out thousands of refunds to Arizona residents, and the company has rented out its Palo Alto headquarters in an attempt to stay solvent until it can legally test blood again… BlackBerry doesn’t make phones any more, having licensed its trademark and some of its tech to TCL. It is now a ‘cybersecurity software and services company dedicated to securing the Enterprise of Things.'”

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Source: Slashdot – Ars Technica Puts Twitter, Uber On ‘2018 Deathwatch’

An anonymous reader quotes BGR:
Chinese construction workers digging on Christmas day found a gift that was wrapped 130 million years ago in the form of 30 incredibly preserved dinosaur eggs. The discovery was made in the city of Ganzhou at the future site of a new middle school, but work on the new facility had to be put on hold after the ancient eggs were discovered.

According to state media, the workers reported uncovering “oval-shaped stones” while clearing rock away using explosive blasts. The workers suspected they might be important so they alerted local law enforcement who took command of the site and contacted experts from a nearby museum who confirmed the “rocks” were actually fossilized dinosaur eggs. The eggs, which are thought to date from the Cretaceous period, are estimated to be as old as 130 million years. The location where they were discovered is believed to have once been an ancient lakeshore, which would have been a pleasant place for the dinosaurs to raise their brood.

Read more of this story at Slashdot.

Source: Slashdot – Construction Workers Find 30 Perfectly Preserved Dinosaur Eggs

Though Docker has 400 corporate customers — and plans to double its sales staff — “here’s what happens to a startup when Google gets all up in its business,” reads a recent headline at Bloomberg:

Docker Inc. helped establish a type of software tool known as containers…and they’ve made the company rich. Venture capitalists have poured about $240 million into the startup, according to research firm CB Insights. Then along came Google, with its own free container system called Kubernetes. Google has successfully inserted Kubernetes into the coder toolbox. While Docker and Kubernetes serve slightly different purposes, customers who choose Google’s tool can avoid paying Docker.
The startup gives away its most popular product while trying to convince developers to pay for extras, notably a program that does the same thing as Google’s. “Kubernetes basically has ruled the industry, and it is the de facto standard,” said Gary Chen, an analyst at IDC. “Docker has to figure out how do they differentiate themselves.” It’s up to [Docker CEO] Steve Singh to escape a situation that’s trapped many startups battling cash-rich tech giants like Google, dangling free alternatives… “They invented this great tech, but they are not the ones profiting from it,” said Gary Chen, an analyst at IDC.
Though Docker’s CEO is hoping to take the company public someday, Slashdot reader oaf357 predicts a different future:
To say that Docker had a very rough 2017 is an understatement. Aside from Uber, I can’t think of a more utilized, hyped, and well funded Silicon Valley startup (still in operation) fumbling as bad as Docker did in 2017. People will look back on 2017 as the year Docker, a great piece of software, was completely ruined by bad business practices leading to its end in 2018.
His article criticizes things like the new Moby upstream for the Docker project, along with “Docker’s late and awkward embrace of Kubernetes… It’s almost as if Docker is conceding itself to being a marginal consulting firm in the container space.” And he suggests that ultimately Docker could be acquired by “a large organization like Oracle or Microsoft.”

Read more of this story at Slashdot.

Source: Slashdot – Can Docker Survive Google?

An anonymous reader quotes the Los Angeles Times:
Hollywood is celebrating the end of 2017 with astronomical sales from “Star Wars: The Last Jedi,” which is on track to soon exceed $1 billion in global ticket sales and eventually become the biggest movie of the year. But that won’t be enough to write a happy storyline for the industry. Although movie ticket sales in the U.S. and Canada are expected to dip just below last year’s record of $11.38 billion, the number of tickets sold is projected to drop 4% to 1.26 billion — the lowest level since 1995, according to preliminary estimates from studio executives.

The falloff in ticket sales can mostly be explained by a handful of movies that flopped, especially during the dreary summer season that posted the worst results in more than two decades. Even such massive hits as “Wonder Woman,” “Thor: Ragnarok” and “It” couldn’t make up for a lackluster summer lineup populated by rickety franchises (“Alien: Covenant”) and poorly reviewed retreads (“The Mummy”). However, the long-term decline in attendance reflects systemic challenges facing the industry. Audiences are spending less time going to the movies and are consuming more entertainment on small screens and through streaming services such as Netflix and Amazon that are spending billions on original video content. At the same time, while higher ticket prices have helped to offset attendance declines, they have made consumers pickier about what movies they’re willing to go see. And those increasingly discerning consumers turn to social media and Rotten Tomatoes to decide what’s worth their time and money.

Read more of this story at Slashdot.

Source: Slashdot – Movie Ticket Sales Hit A 22-Year Low in 2017