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Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company and cable operator serving more than 31 million customers in 41 states through its Spectrum brand. Over an advanced communications network, the company offers a full range of state-of-the-art residential and business services including Spectrum Internet®, TV, Mobile and Voice. For small and medium-sized companies, Spectrum Business® delivers the same suite of broadband products and services coupled with special features and applications to enhance productivity, while for larger businesses and government entities, Spectrum Enterprise provides highly customized, fiber-based solutions. Spectrum Reach® delivers tailored advertising and production for the modern media landscape. The company also distributes award-winning news coverage, sports and high-quality original programming to its customers through Spectrum Networks and Spectrum Originals. More information about Charter can be found at corporate.charter.com. To view our privacy policy, please visit: https://www.spectrum.com/policies/your-privacy-rights

Charter Communications

chartercommunications

Reif Cohen covers the Communication Services sector, focusing on stocks such as Charter Communications, Walt Disney, and Comcast. According to TipRanks, Reif Cohen has an average return of -2.1% and a 43.69% success rate on recommended stocks. See the top ...

Charter Communications: Balancing Increased Capex, Rural Market Expansion and Subscriber Growth Amidst Competitive Pressure

Charter Communications Inc. (NASDAQ: CHTR) has a higher price-to-earnings ratio of 12.14x compared to its average ratio. compared to its average ratio and a 36-month beta value of 1.14. Analysts have mixed views on the stock,

Charter Communications Inc. (CHTR) Stock: A Look at the Analyst Recommendations

Q3 2023 Earnings Call Transcript October 27, 2023 Charter Communications, Inc. beats earnings expectations. Reported EPS is $8.26, expectations were $7.73. Operator: Hello, and welcome to the Charter Communications Q3 Conference Call.

Charter Communications, Inc. (NASDAQ:CHTR) Q3 2023 Earnings Call Transcript

STAMFORD — Nearly three months after a distribution dispute that resulted in The Walt Disney Co., temporarily pulling channels such as ESPN from Spectrum cable packages, Spectrum’s Stamford-based parent company said that it lost fewer subscribers in the wake of the disagreement than it anticipated.

CT-based Charter loses fewer subscribers than expected after distribution dispute with Disney

Gregory Williams, an analyst from TD Cowen, maintained the Buy rating on Charter Communications (CHTR – Research Report). The associated

Strategic Rural Focus Boosts Charter Communications’ Prospects: A Buy Rating Analysis

Charter Communications, Inc (NASDAQ: CHTR) reported third-quarter FY23 revenue growth of 0.2% year-on-year to $13.58 billion, missing the

Charter Communications Residential Video Subscribers Are Falling, Stock Slides

Charter Communications, Inc. operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company is in the communication services sector, which includes primarily companies with a ...

Shares of Charter Communications Break Trend as Prices Fall to $409.54.

Charter Communications recognized the need to adapt. In 2009, the company launched Charter Business, a division dedicated to providing advanced communication solutions to small and medium-sized businesses. This move allowed Charter to tap into a new market ...

Charter Communications Inc.: A Leader in Telecommunication Services

Among the recommendations of the task force is for the city to improve its winter safety public service announcements by having the city partner with Charter Communications to do several announcements about winter safety.

What Buffalo Learned from Last Year’s Winter Storm

Benzinga - by Benzinga Insights, Benzinga Staff Writer. Liberty Broadband Corp, Board Member at Charter Communications (NASDAQ:CHTR), reported a large insider sell on October 17, according to a new SEC filing. What Happened: A Form 4 filing from the U.S ...

Board Member of Charter Communications Makes $48.36M Sale

Charter Communications has been a solid wealth generator with a strong business portfolio and strategic management. Recent negotiations with Disney signal Charter's adaptability to the evolving ...

Pros Vs. Cons - Why I'm Passing On Charter Communications

As of October 5, 2023, the average one-year price target for Charter Communications Inc. - is 486.03. The forecasts range from a low of 293.91 to a high of $630.00.

Morgan Stanley Maintains Charter Communications Inc. - (CHTR) Equal-Weight Recommendation

Charter Communications (CHTR – Research Report), the Communication Services sector company, was revisited by a Wall Street analyst yesterday. Analyst Jessica Reif Cohen from Bank of America ...

Hold Rating on Charter Communications: Impact of Disney Dispute and Slower Share Repurchase Activity

In the last year, many Charter Communications, Inc. (NASDAQ:CHTR) insiders sold a substantial stake in the company which may have sparked shareholders' attention. When evaluating insider transactions, knowing whether insiders are buying versus if they ...

Charter Communications Insiders Sold US$12m Of Shares Suggesting Hesitancy

ClearBridge Large Cap Value Strategy highlighted stocks like Charter Communications, Inc. (NASDAQ:CHTR) in the third quarter 2023 investor letter. Headquartered in Stamford, Connecticut, Charter Communications, Inc. (NASDAQ:CHTR) is a broadband ...

Here’s Why Charter Communications (CHTR) Got Rewarded in Q3

Hi, I’m Aaron Sankin, and I’m a reporter here at The Markup. Over the past year, I’ve focused on investigating and what you (other than shoot dirty looks at your modem, which doesn’t really care about your opinion). why the internet connection at your house is slow can do about it Tucked deep in the , signed by President Joe Biden in 2021, is a short provision giving the Federal Communications Commission (FCC) broad leeway to fundamentally reshape how America connects to the internet. Infrastructure Investment and Jobs Act Under a section titled “Digital Discrimination,” the legislation tasks the FCC with adopting “rules to facilitate equal access to broadband internet access service, taking into account the issues of technical and economic feasibility presented by that objective, including … preventing digital discrimination of access based on income level, race, ethnicity, color, religion, or national origin.” The section itself is short—under 400 words—and relatively light on detail, leaving it largely up to the FCC to decide how much power it wants to grab for itself to close the digital divide. Various actors have rushed into that void of legislative ambiguity, forcefully advocating for their own agendas. On one side are advocacy groups and some local governments who hope the FCC will take the opportunity to aggressively hold internet service providers (ISPs) to account for what they see as generations of inequitable broadband infrastructure deployment across the country. Some propose levying fines on ISPs guilty of discrimination or, as the agency did when it approved a merger between Charter Communications and Time Warner Cable in 2016, companies build out high-speed infrastructure in new areas. mandating On the other side are ISPs, the industry groups representing them, and ideologically aligned pro-business think tanks. They want nothing more than for the FCC to merely supplement its historic light-touch regulation of the broadband industry with generous subsidies—that make investing in high-speed internet infrastructure in marginalized communities more beneficial to the companies’ bottom lines. The crux of this fight is over a concept called “disparate impact” and whether the FCC should use it to identify whether an ISP has engaged in discrimination. The idea behind disparate impact is that discrimination isn’t always explicit. So, if an institution’s policies have created a situation where certain protected groups experience markedly worse outcomes than others, this impact matters just as much as any intentionally biased practices. For example: A company’s CEO decides that people should always physically look up to their managers, so only people over 6 feet, 3 inches get promoted to managerial roles. As a result, the management staff is entirely male, since men tend to be taller on average. Did the company engage in gender discrimination? Under a disparate impact standard, yes. But, under a standard where intent prevails, this discrimination is a lot harder to prove, because the rules that resulted in a management team where everyone can dunk said nary a peep about gender. “From my point of view, disparate impact is really just discrimination through the back door,” said John Yinger, a professor of economics and public administration at Syracuse University, who has disparate impact and wrote a about discrimination in mortgage lending. studied book “If you have a system that doesn’t recognize and address disparate impact, you allow people to, either on purpose [or] by accident, engage in a lot of discrimination.” The problem, Yinger noted, is that to assess disparate impact, the first step is determining which allocation of a certain scarce set of resources—be it broadband access or corporate promotions—is fair, and then determine if different groups’ receipt of that resource violates that standard of fairness. Intentions Matter, or Do They? Consider an we published last year showing how a quartet of ISPs consistently gave the worst deals for internet service to households in low-income, less-White, and historically redlined neighborhoods in major cities across the country. investigation When we were reporting that story, we certainly were curious these disparities existed, but that was less important than the fact that we could prove they existed in the first place. why why Last year, when we reached out to CenturyLink, one of the companies we found consistently charging high prices for sluggish service in marginalized areas, spokesperson Mark Molzen insisted at the time that the company was committed to anti-racism. “While we can’t comment on behalf of other providers, we can say we do not enable services based on any consideration of race or ethnicity, and the methodology used for the report on our network is deeply flawed.” Molzen never pointed to any specific inaccuracies in our data collection or analysis. The “flaw” he identified was in an inference the company read into the story about its motives. Our October 2022 investigation showed absolutely zero evidence that CenturyLink had partitioned cities into geographic areas based on race and used that to determine where to deploy high-speed internet infrastructure. And, honestly, it would be pretty wild if it actually had. Nevertheless, we found that CenturyLink offered addresses in the least-White parts of Des Moines, Iowa, slow-speed internet service 19 percentage points more frequently than the Whitest parts of the city—and all for the same price. In Las Vegas, Nev., that gap was 31 percentage points. In Omaha, Neb., 33 percentage points. A comment within a June 2022 FCC with Lumen, CenturyLink’s parent company, mentioned the company’s expectations “to deploy fiber to approximately one million new locations in 2022 and around 1.5 to 2 million new locations in 2023.” digital discrimination proceeding However, there wasn’t any specificity regarding how many of these new fiber deployments would go to low-income or predominantly non-White areas. When it comes to the FCC’s responsibility, the question is whether the FCC will look at the levels of access that different racial, ethnic, and socioeconomic groups have to affordable, blazing-fast internet, find substantial inequality, and then do something about it. Or, as the telecom industry would prefer, will the agency only intervene after finding direct evidence of an ISP making inequitable decisions about where to deploy infrastructure explicitly based on characteristics like race or ethnicity? “ ” In Some Circumstances, It Can Be Profitable The legal theory behind disparate impact goes back to , a 1971 Supreme Court case about how a company required all employees to pass a pair of intelligence tests if they wanted to move into higher-paying roles. Black people were far less likely to pass those tests, which were unrelated to the jobs’ responsibilities. Griggs v. Duke Power Co. The court ruled that these tests—which the company just so happened to implement on the very day the 1964 Civil Rights Act—prohibited race-based employment discrimination, and were illegal due to the effect they had on Black employees’ career advancement. The use of disparate impact to identify discrimination grew in the ensuing decades and was finally into law in 1991. “Because individual motives may be difficult to prove directly, Congress has frequently permitted proof of only discriminatory impact as a means of overcoming discriminatory practices,” reads a U.S. Department of Justice on the subject. codified manual “The Supreme Court has, therefore, recognized that disparate impact liability under various civil rights laws ‘permits plaintiffs to counteract unconscious prejudices and disguised animus that escape easy classification as disparate treatment.’ ” During the administration of President Donald Trump, who famously settled a in the 1970s over his family’s real estate company’s practice of not renting properties to Black tenants, the Department of Housing and Urban Development dramatically the government’s ability to use disparate impact, but the rules were shortly after President Biden took office. lawsuit weakened reinstated While disparate impact has been used by the government to regulate employment and housing, it hasn’t yet been used to assess the role ISPs are playing in the digital divide. As a result, when the FCC went about implementing the digital discrimination rules mandated by Congress, the agency specifically that the public weigh in on whether the standard should be used and, if so, how. requested The responses the agency received on the issue largely fell into two categories. The telecom industry argued in favor of using as a metric, which holds that discrimination occurs when people are explicitly divided up by a protected category (like race) and then treated worse as a result. Digital inclusion advocacy groups argued that is the only feasible metric. disparate treatment disparate impact “Rational, profit-seeking actors will discriminate because, in some circumstances, it can be profitable to do so. Whether this is intentional or not is beside the point,” argued the National Digital Inclusion Alliance and Common Sense Media, two nonprofit advocacy groups, in one . comment “The point … is that discrimination occurs and will continue to occur unless providers’ incentives are changed.” The groups’ comment urges the FCC to look for disparate impact in a plethora of ISP practices ranging from the prices customers are charged for a service, and under what contract terms, to the actual speeds different areas receive and how companies prioritize network maintenance. “For decades, the disability community has noted that discrimination occurs unintentionally and often results from seemingly neutral policies,” the American Association of People with Disabilities in another comment. concurred “Too often, disabled people experience discrimination not because of malicious intent or explicit exclusion within programs or policies but because the disabled people were simply not considered in the first place.” The Greenlining Institute, a California-based nonprofit that for digital inclusion efforts, insisted in its that applying disparate impact to broadband would be consistent with how it has been used across the government for decades. advocates comment “Adoption of the disparate impact standard in the wake of the Civil Rights Act of 1964 allowed for a whole-of-government approach that targeted discrimination in public goods such as education and housing,” Greenlining asserted. “It would be consistent to apply this similar treatment to digital public infrastructure and services such as broadband internet.” The tenor of comments from folks who might theoretically be held accountable if their actions were found to have treated some communities worse than others was, unsurprisingly, markedly different. A primary industry worry is that requiring ISPs to constantly weigh equity concerns may dissuade them from deploying new infrastructure widely in the first place. “Adopting a disparate impact test would cause carriers to choose between prioritizing deployment based on closing the digital divide, as required by Congress, and paralyzing deployment for fear that a regular, common business decision may disproportionately affect a minority community,” asserted the Lincoln Network, a free market think tank, in its . comment Another industry argument is that Congress didn’t really mean for the FCC to use disparate impact to identify “discrimination of access based on income level, race, ethnicity, color, religion, or national origin.” Verizon, for example, that the phrase “based on” in the legislation specifically means that discrimination has to be a direct result of company decisions made because of protected demographic characteristics of a particular area. asserted For its part, AT&T asserted in its that, even if a disparate impact standard were applied, the broadband industry wouldn’t be found to have delivered less connectivity to historically marginalized areas. comment While there have been localized studies showing inequitable deployment in places like , , , and , the company said that the only way to accurately assess deployment would be to look at a comprehensive, national picture of everywhere every single ISP offers service. Cleveland Dallas Oakland Los Angeles AT&T to an analysis from former FCC chief economist Glenn Woroch that showed that “broadband availability rates for census-based ‘non-white’ households are higher than for white households and that availability rates for households above and below the poverty line are nearly identical.” pointed Woroch’s research relies on data from a broadband availability map produced by the FCC that is supposed to show what service ISPs offer across the country. While a footnote in Woroch’s comment insists his data source doesn’t skew the results, that map has been for inaccuracies, and a 2020 Princeton found that “the FCC’s data disproportionately overstates coverage in rural and minority communities.” widely criticized study The FCC released a last year designed to rectify those issues, but that map has its own set of and is still effectively in its beta testing phase. As a result, obtaining data accurate enough to meet the standards pushed for by AT&T remains a tall order. new map profound accuracy problems The battle over the FCC’s potential use of disparate impact hasn’t been limited to the public comment process. In a recent , The Wall Street Journal’s historically laissez-faire editorial board used the specter of disparate impact to lobby against Public Knowledge’s co-founder Gigi Sohn, whom Biden unsuccessfully nominated to lead the agency, but withdrew following telecom industry opposition. op-ed “Public Knowledge, the outfit that Ms. Sohn co-founded and led from 2001 to 2013, has urged the FCC to interpret its regulatory mandate broadly to micromanage broadband competition and development,” the editorial charged. Now would be the time to mention that The Markup does, in fact, have a pack of dogs in this fight. Our newsroom is based on the idea that if you evaluate the inputs and outputs of a big, complex technical system, you can identify serious problems in how it treats different groups without having to know the precise intentions of the people who developed it. The technology does not yet exist to do a regression controlling for the vagaries of the human heart. In March, Markup reporter and freelance data journalist used data analysis to determine that an algorithm for deciding which patients got life-saving liver transplants people in a handful of states, almost all of which were in the South and Midwest. The day after that story was published, the Department of Health and Human Services major reforms to that very system. Malena Carollo Ben Tanen systematically disadvantaged announced One thing I’m working on—along with my colleague, investigative data reporter —is a step-by-step guide showing everyday people how they can evaluate whether ISPs have left a digital divide in their towns. It should be dropping sometime in the next few weeks. Leon Yin We’re hoping that if people use the guide and find something interesting, they can tell the FCC about it. And, who knows, depending on how this disparate impact proceeding goes, maybe the agency will even do something about it. Sincerely, Aaron Sankin Investigative Reporter The Markup By Aaron Sankin Also published here Photo by on Annie Spratt Unsplash

Disparate Impact: Who's Afraid of It?

অসম প্রভাব: কে এটা ভয় পায়?

Unterschiedliche Auswirkungen: Wer hat Angst davor?

Impacto dispar: ¿quién le teme?

Impacts disparates : qui en a peur ?

असमान प्रभाव: इससे कौन डरता है?

異質な影響: 誰がそれを恐れるでしょうか?

이질적인 영향: 누가 그것을 두려워하는가?

Impacto díspar: quem tem medo disso?

Несопоставимое воздействие: кто этого боится?

Farklı Etki: Kim Korkar?

Tác động khác nhau: Ai sợ nó?

不同的影响：谁害怕它？

100 Stories To Learn About Remote

86 Stories To Learn About Pandemic

Charter Communications has filed a patent application for a technology that can detect and ban rogue devices on its network. This can help to block orphan and cloned modems, which connect without permission. However, the ISP notes that the same technology can also be used to ban piracy-linked devices, such as illicit streaming boxes. With dozens of millions of subscribers, Charter is one of the largest Internet providers in the United States. Most people use their Internet connections for legitimate activities. However, similar to other ISPs, there are pirating subscribers as well. These pirates are causing quite a bit of trouble for Charter. The company is involved in where prominent music outfits accuse it of failing to disconnect repeat copyright infringers. two lawsuits The ISP previously defended itself by arguing that it how subscribers use the Internet. However, a new patent application suggests that this could change in the future. can’t monitor or control Patent Detects Theft The proposed patent titled “System And Method For Detecting And Responding To Theft Of Service Devices” describes a technology to ban rogue devices. The legitimacy of devices is ‘predicted’ based on information from DHCP logs, which can point to rogue activity. This technology can be used for a wide range of purposes. It can help to ban cloned, rogue or orphan modems. These connect to Charter’s network without paying and are increasingly used by malicious actors. “[T]hese unauthorized or illegitimate devices are being increasingly used by hackers, thieves, organized fraud rings, and other nefarious actors to launch cyber-attacks, gain remote control of devices, steal private or sensitive information, hide their true identities, or engage in other malicious activities,” Charter writes. Banning Pirate Devices Stopping this type of activity is in the best interest of Charter as well as the public at large. However, the patent also comes with some good news for copyright holders, as it can be used to ban piracy-related devices as well. In recent years pirate streaming boxes and illegal IPTV devices have been selling like hotcakes. This is a problem for rights holders, especially because these pirates can’t be tracked down easily, as opposed to torrent-based piracy. The patent application notes that a specific set of rules could be set up to target a wide variety of illegal devices, including those that are likely linked to piracy. “For instance, devices that associate with other perceived threats, such as video piracy, may be marked in a database for further monitoring and behavior surveillance,” the patent application reads. “These operations may be performed in real-time or near-real time so that model scoring runs before a lease is granted by the DHCP server. These operations are also effective for devices that have already been granted a prior lease.” Blacklisting MAC Addresses When a device is flagged as problematic it can easily be banned from the network by putting its MAC address on a blacklist. This list is connected to the cable modem termination system, which will then ignore all flagged devices. The patent has yet to be granted and whether Charter has concrete plans to use the system as an anti-piracy tool is unknown. That said, it’s interesting to see that Charter is considering monitoring and blocking piracy at the network level. In theory, that could come in handy as a bargaining chip in the ongoing piracy lawsuits the company is involved in. Below is a technical drawing of a potential implementation of the detection and blocking system. A full copy of the patent application from Charter Communications Operating is . available here Previously published here.

Piracy is Banned By New Technology Pending Patent

La piratería está prohibida por nueva tecnología pendiente de patente

Le piratage est interdit par une nouvelle technologie en instance de brevet

पाइरेसी को नई तकनीक के लंबित पेटेंट द्वारा प्रतिबंधित किया गया है

著作権侵害は、特許出願中の新技術によって禁止されています

Pirataria é banida por nova tecnologia com patente pendente

Vi phạm bản quyền bị cấm bởi công nghệ mới đang chờ cấp bằng sáng chế

正在申请专利的新技术禁止盗版

The last month will go down in history as "black February" and not so much because of volatility in the markets as growing geopolitical tensions. Despite all the promises, Russian President Vladimir Putin gave the green light to a so-called "military operation" in Ukraine. It didn’t take long for Europe and the US to respond. In a matter of days, the Office of Foreign Assets Control of the US Department of the prohibited United States persons from engaging in transactions with the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, and the Ministry of Finance of the Russian Federation. Treasury This action effectively immobilizes any assets of the Central Bank of the Russian Federation held in the United States or by U.S. persons, wherever located. On top of that, the United States and its allies have announced that they are prepared to restrict imports of Russian technology products by 50%. Lose-lose situation The only problem is that anti-Russian sanctions have also punished the global economy: gas and oil prices are skyrocketing, whereas prices for metals, including palladium, which is widely used in the manufacture of automotive catalysts, have hit multi-year highs. In this context, it shouldn’t be a surprise that inflation expectations have spiked once again. According to the latest , Eurozone consumer prices rose by a record 5.8 percent in February. data The jump in the cost of living in the Eurozone to well above the ECB’s 2 percent inflation target has divided the central bank into two groups: those who are pushing for tighter monetary policy to tackle inflation and those who want a pause to assess the economic impact of Russia’s invasion of Ukraine. Prepare for High Gas Prices Regarding energy prices, the biggest issue is that the world's leading oil powers simply cannot increase production due to lack of capacity because of extremely low investment in the industry in recent years. Even the current quotas are not fully taken by OPEC+ countries. The good news is that the prospects for the Iran nuclear deal remain important for the oil market. Negotiators are gradually moving closer to a consensus, which could mean the removal of sanctions on Iranian oil exports and would add up to 1 million barrels to the market by 2022. Iran currently produces about 2.5 million b/d. It is forecasted that the rapid growth of commodity prices could end up pushing up inflation in the U.S. and EU. The monetary authorities will inevitably react to this by raising refinancing rates, which will raise the cost of loans for businesses. Given the rise in the cost of industrial raw materials, along with energy, this will inevitably lead to a downturn in the global economy. In particular, JPMorgan Chase & Co. a run-up to $150 a barrel would almost stall the global expansion and send inflation spiraling to over 7%, more than three times the rate targeted by most monetary policymakers. warns How to Save Money Despite rising inflation expectations, the major cryptocurrency failed to justify its safe-haven status. Possible reasons for the continuation of the sideways trend include geopolitical tensions, as well as increased hawkish sentiment at the Federal Reserve. If risk-off in the markets continues, Bitcoin's return to historical records may be delayed. In the meantime, Exchange-traded funds that in gold and other precious metals have seen massive inflows. Data from Refinitiv Lipper showed and other precious metal ETFs have seen an inflow of $4.7 billion this year, after witnessing outflows worth $7.8 billion last year. invest gold Regarding the stocks, the best idea would be to follow Buffett’s principle: not to rush and invest in enterprises with a long-term economic outlook. It is worth mentioning that in the last quarter, Berkshire Hathaway shares of Teva Pharmaceuticals (TEVA) and Sirius XM Holdings (SIRI), and bought securities of Formula One Group (FWONK), Activision Blizzard (ATVI), and Nu Holdings (NU). sold In addition, Berkshire increased its stake in Chevron (CVX) by more than 33%, decreasing its stake in Kroger (KR) by 0.61%, and Charter Communications, Inc. (CHTR) by 8.8%. Also, the company continued to get rid of pharma securities, with shares in AbbVie ( ) down -79%, Bristol Myers Squibb (BMY) down -76%, and Royalty Pharma (RPRX) down 34%. ABBV Another option would be to invest in real physical assets: real estate, cars, or bars of gold or other metals. In addition, it could be a good idea to focus on businesses that don't depend too much on market conditions and external circumstances. Everything that generates cash is a possible defense against inflation.

Dear Global Economy, Winter is Coming

A lot has changed since I shared my last related on COVID-19 (the most recent strain of coronavirus), and how AI and Blockchain professionals and industry experts are tackling the crisis. article Seems like `s dream came true: fewer planes, vehicles, factories, are functional, the situation has worsened beyond anyone's imagination. Greta Thunberg Much of Europe is under lockdown and has closed its borders to its fellow EU members. Italy is the hardest hit so far, since its death toll recently surpassed China's. French President Emmanuel Macron simplified the situation by ” with the virus. saying we are at “war President Donald Trump, who had confidence in beating it, is now having a hard time, dubbing himself, " ". a war president has explored even further on how COVID-19 is impacting countries globally and measures that are being taken by authorities to prevent or get ready to tackle the pandemic. Vicenews Eurovision 2020, Eurosoccer 2020, the latest movie releases, concerts, major tech conferences around the world are canceling their events due to the coronavirus outbreak. As of early March, the economic impact of these cancellations had surpassed $1.1 billion. The number is likely to continue to increase. Major cities from San Francisco to New York have banned large gatherings, as diagnoses in the U.S. have soared. It is undoubtedly a smart move for public safety, but all of these cancellations, particularly of major conferences, are taking a huge financial toll. Since the beginning of the dot.com revolution, a number of companies pioneered or disrupted the media industry, taking power from well-established companies as individuals and SMEs uploaded content on the worldwide web, like YouTube. Other social media outlets followed, developing tools and empowering individuals and SMEs. Prior to this global pandemic, a number of other startups were the first to experience new ways of working, that is, remote work or telecommuting. When launched in 2012, the tech business comprised only of , working at home on his computer in the Netherlands. His first hire was in Serbia. GitLab engineering fellow , based in Ukraine, later joined as a co-founder. Soon they recognized the efficacy of eschewing a centralized workforce. GitLab CEO Sid Sijbrandij Dmitriy Zaporozhets "I hired a few people in the Netherlands, and they came to my house," Sijbrandij said. And, he is the man who built a $1 Billion Business Where All 700 Employees Work Remotely . The number of startups that developed tools, platforms, and solutions has improved remote work lifestyle. Remote work has grown and becoming vastly adopted during the current pandemic. Interestingly, say they are most productive when they work alone. Witnessing the current crisis makes one think about and reimagine work, lifestyle, and efficiency. 159% since 2005 statistically 86% of employees What can we learn from Sid Sijbrandij during the current crisis to improve our productivity, to innovate, and to challenge our status quo? 1. The Office of the Future Is No Office at All Although a controversial statement to think about and one that is hard to swallow, it reflected in the work style of GitLab. Though this way of work may not accommodate all industries, learning from the experience of the GitLab gives some ideas and insights to consider and improve. GitLab is used by more than 100,000 organizations. Its 10,000 paying customers include 32 Fortune 100 companies, among them Inc., Inc., and Inc. Goldman Sachs also has invested $20 million in the company and remaining HQ free doesn`t affect the quality of the platform, services and features. Goldman Sachs Group Verizon Communications Charter Communications ” "We are on the forefront of a revolution in working, Mr. Sijbrandij said, adding the point is to measure output, not the number of hours worked. 2. Commute Free - not only for Developers In his article, Mr. Sijbrandij provides well-detailed insights on how developers are seen and projected . However, in our interconnected world, any form of knowledge or skillset can be applied in many options. As The Next Mass Profession For example, youtube provides a great opportunity to share expertise and benefit financially. There are probably millions of channel owners. One of my favorites is channel that has over 2.5 million followers, is the creator and genius behind the all great content that benefits from his loyal followers and reaps well deserved financial rewards The piece that made me follow and enjoy his work is below. #nerdwriter Evan Puschak , one of our most trusted partners that helps with our UX/UI design-related challenges works remotely and manages dozens of teams globally, never spent a day in the office. Anna Chubaeva is another shining example of a nomadic lifestyle and remote work enthusiast, he is one of the leading editors at and advises dozens of Blockchain and other startups on their content strategies Luke Sheehan Genaro Network I cannot resist the 16-year-old entrepreneur who is the co-founder and CTO at . He is helping his clients to transform their business to digital using Telegram Bots across Central Asia as the pandemic is spreading. His expertise and passion to drive change is admirable, especially at his age. Azamat Khamidov D23 3. Lowering Costs Although k has popularized a lifestyle powered by work and life balance, centering community and its power, no one anticipated challenges or even remotely imagined that COVID-19 would hit and hit hard. One of the options that companies will surely consider is remote spaces, either at home or at work, eliminating costs for HQ or offices overall. This is already a well-practiced tendency. Its adoption will only grow, like the Sharing or Subscription economy, as less pay and access to more benefits gives flexibility to employees, partners, and other involved parties as long as a project is handled in a timely manner. WeWor 4. Cross-cultural Communication Reimagined or Reinvented and , , and s have all reinvented the channels of communication in business, providing dozens of productivity tools. Yet, cross-cultural communication for global teams requires more integrated, online solutions to improve their communication. Remote work will ultimately be a great source of inspiration. The following is a great example, since cross-cultural communication is paramount for global teams online and offline. Slack Trello Asana Tencent` WeChat 5. Changing Our Definition of Getting Work Done or to Make Remote Work Great The outbreak has pushed everyone, literally everyone, to rethink, recalibrate, and reflect on how to live, how to work, and how to engage utilizing existing and emerging technologies. The way we organize events, take to virtual activities, integrate remote work, and increase adoption of all of this across more industries is becoming the new normal. Marketplaces, platforms, cloud services, video conferences, and a bunch of other services will be on a bigger, unprecedented demand to maintain basic human touch. Luckily, there are those companies that successfully integrate remote work that can be adopted big time. A number of products that allow people to remain productive is getting bigger, and some of those that we surely benefit from are: 's Srini Anumolu, and Sanjay Noronha have reinvented the way we hire, outsource professionals, and access a talent pool on a budget. Upwork Stratis Karamanlakis, 's Founder and CEO allowed professionals to benefit from the power of e-commerce, dropshipping, and the power of the authentic product, even crowdfunding. Shopify within a single website not only incorporated the list of service providers helping clients to outsource the development of online store, but also provided free workshops and tutorials. Shopify Tobi Lutke During my recent meeting to discuss potential e-Commerce ideas with , who is China’s sourcing solution pro and affluent among Chinese speakers, he stated the number of clients requesting his services tripled in less than four weeks. Most of his clients are the owners of Shopify stores. Alexander Prudnikov 's founder and CEO improved the communication tool, and it is now one of the main options we use to communicate. Some products that work well in China fail to work well overseas due to hosting, DNS, or other technical challenges. Some products that function well overseas fail to work well in China, even with VPN services. Yet, Telegram and Zoom are great sources of video conferencing and communication, helping to stay in touch with employees and partners and keeping business going worldwide. Zoom Eric Yuan 's CEO helped to replace emails, and China's is now one app for all needs, empowering any individual to manage any type of task, anywhere, as long as they have access to the internet. It is similar to a remote work lifestyle that will only increase in adoption Slack Stewart Butterfield WeChat Amazon, Ebay, Taobao, Tmall, Aliexpress, JD, and dozens of other Chinese stores provide great opportunities for merchants to deal with factories in China, sell online, and ship abroad, in other words, making dropshipping even more popular in times of crisis. Conclusion Our lifestyle and perception of life, work, and almost everything will be subject to change because of this pandemic. It will push everyone to think differently and live differently. The changes will span from how we work, travel, and shop, to the level of security and safety that we are accustomed, to the way in which we communicate and interact locally and globally. While not everything can be virtual, necessity resulting from today’s environment has pressed us to be more innovative, push the limits, and think outside the box. It has made us do activities like working, schooling, and even getting some medical care online, and more will follow. A crisis, like COVID-19, presents an opportunity for development, like the need for more sophisticated technology and advanced science, to accommodate and support this new way of living and working. Besides causing significant fundamental changes in the economy, politics and the workplace, it has also prompted less division, a greater appreciation of some of life’s simple pleasures, and reflection on those things we take for granted.

Lessons From GitLab—A $1 Billion Business With 700 Remote Employees 

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