Salesforce employees protest against its NFT ambitions

Salesforce employees aren't happy with the company's plans to enter the non-fungible token (NFT) market. According to the Thomson Reuters Foundation, over 400 employees around the world have signed an open letter raising concerns about the environmental impact of NFTs, as well as their "unregulated, highly speculative" nature as financial assets. "The amount of scams and fraud in the NFT space is overwhelming," the employees reportedly wrote.The company, the San Francisco cloud-based software firm that owns Slack, told its employees in early February that it's planning a series of NFT-related initiatives. They include launching an NFT Cloud that could help people create NFTs and list them on marketplaces. NFTs have blown up in popularity over the past year, and big companies have been cashing in on the craze. While not all ventures have been successful, some have made big money: Adidas, for instance, made $23 million during its first NFT drop.That said, NFTs remain controversial for several reasons, including their environmental impact. It takes a lot of energy to sustain the blockchain activities associated with the tokens. One estimate backed by researchers put an average NFT's footprint at over 200 kilograms of carbon, which is equivalent to driving 500 miles in a gas-powered car. Salesforce employees' concerns about the environmental impact of the tokens come from the fact that the company positions itself as a leader in sustainable business — it even released a... Continue reading at 'Engadget'

[ Engadget | 2022-02-19 15:39:13 UTC ]
News tagged with: #nft space #early february #gas-powered car #thomson reuters

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S&S Children's Authors Protest Yiannopoulos Deal

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[ Publishers Weekly | 2017-01-12 00:00:00 UTC ]
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Medium Just Laid Off 50 Employees and Shut Down Offices in New York and D.C.

Medium founder and CEO Ev Williams disclosed today in a blog post that his four-and-a-half-year-old company is eliminating 50 jobs and shutting down offices in New York and Washington, D.C. In a philosophical letter to the public, he recounted how his team's ultimate goals had gotten off course... Continue reading at AdWeek

[ AdWeek | 2017-01-05 00:00:00 UTC ]
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Google sued over employee novel-writing rules

Google could be facing a fine up to $4bn after being sued for allegedly not allowing employees to post opinions about the company or write novels without getting their employer to sign off on the final draft. Continue reading at The Bookseller

[ The Bookseller | 2016-12-23 00:00:00 UTC ]
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Loyalist flags protester wins £3,000 Facebook damages

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[ BBC News | 2016-12-21 00:00:00 UTC ]
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Authors slam Libraries Ambition report as 'too little, too late'

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[ The Bookseller | 2016-12-06 00:00:00 UTC ]
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Libraries' Ambition report offers £4m fund but 'ignores the real issues'

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[ The Bookseller | 2016-12-02 00:00:00 UTC ]
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PRH to Pay Half Cost of PEN Membership for Employees

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[ Publishers Weekly | 2016-11-29 00:00:00 UTC ]
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Dozens of Books to Publish Around 500th Anniversary of Protestant Reformation

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[ Publishers Weekly | 2016-11-04 00:00:00 UTC ]
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[ The Bookseller | 2016-11-01 00:00:00 UTC ]
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Time Inc.'s Last Employees in Midtown Are Moving Out

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[ Advertising Age | 2016-11-01 00:00:00 UTC ]
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IVP Says Employees Must Oppose Gay Marriage or Resign

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[ Publishers Weekly | 2016-10-19 00:00:00 UTC ]
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ACLU: Police use Twitter, Facebook data to track protesters

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[ Engadget | 2016-10-11 00:00:00 UTC ]
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German Publishers’ Petition Protests Media Constraints in Turkey

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[ Publishing Perspectives | 2016-08-31 00:00:00 UTC ]
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[ The Bookseller | 2016-08-19 00:00:00 UTC ]
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Time Inc. to Lay Off Employees in Reorganization

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[ Advertising Age | 2016-08-04 00:00:00 UTC ]
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[ Los Angeles Times | 2016-07-28 00:00:00 UTC ]
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[ The Bookseller | 2016-07-14 00:00:00 UTC ]
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[ Betanews | 2016-06-20 00:00:00 UTC ]
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[ The Bookseller | 2016-05-20 00:00:00 UTC ]
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Amazon displays employees' thefts on TV screens

Amazon has begun to broadcast video clips in its warehouses showing employees being fired for theft, Bloomberg has reported. Continue reading at The Bookseller

[ The Bookseller | 2016-03-11 00:00:00 UTC ]
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