Norway’s Adevinta is buying eBay’s (EBAY) classified ads business for $9.2 billion to create the world’s largest online classifieds company.In the age of Google (GOOGL)and Facebook (FB), classifieds aren’t exactly a mammoth business: They made up only about 3% of the $125 billion internet advertising market in 2019, according to the Interactive Advertising Bureau, the global industry body for digital advertising.But there was a day when Craigslist and the company that became eBay Classifieds were among the biggest advertising platforms on the newfangled World Wide Web.EBay Classifieds Group got its…
Read MoreDay: July 22, 2020
Apple promises to become fully carbon-neutral by 2030
Apple has pledged to become a carbon-neutral operation by 2030, a commitment that covers its entire supply chain and the lifecycle of all its products, including the electricity consumed in their use. The company is aiming to achieve the goal by means including: Low-carbon product design, using recycled materials where possible, and developing new techniques such as a carbon-free aluminium smelting process. Use of renewable energy, including projects funded by and built for Apple directly, which in total provide 1GW of capacity to the company’s corporate operations. Carbon removal, through forest…
Read MoreFirst active leak of sea-bed methane discovered in Antarctica
The first active leak of methane from the sea floor in Antarctica has been revealed by scientists. The researchers also found microbes that normally consume the potent greenhouse gas before it reaches the atmosphere had only arrived in small numbers after five years, allowing the gas to escape. Vast quantities of methane are thought to be stored under the sea floor around Antarctica. The gas could start to leak as the climate crisis warms the oceans, a prospect the researchers said was “incredibly concerning”. The reason for the emergence of…
Read MoreAfter 40 years, researchers finally see Earth’s climate destiny more clearly
It seems like such a simple question: How hot is Earth going to get? Yet for 40 years, climate scientists have repeated the same unsatisfying answer: If humans double atmospheric carbon dioxide (CO2) from preindustrial levels, the planet will eventually warm between 1.5°C and 4.5°C—a temperature range that encompasses everything from a merely troubling rise to a catastrophic one. Now, in a landmark effort, a team of 25 scientists has significantly narrowed the bounds on this critical factor, known as climate sensitivity. The assessment, conducted under the World Climate Research…
Read MoreRevolutionary Breakthrough Makes Solar Cells a Lot Cheaper & More Efficient
Scientists have achieved two major breakthroughs in terms of solar energy which could significantly increase efficiencies and reduce the cost of generating energy from the sun. The study on these two breakthroughs was published in Nature Energy and Nature Photonics. UpconvertingThe first breakthrough describes how scientists were able to transform low energy, non-visible light into high energy light and successfully harvesting more electricity from the same amount of sunlight. Scientists are calling this, “upconverting”. The research team from the University of Kentucky in the US, RMIT University and UNSW University…
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