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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Under Trump, media companies are emboldened against employee unionizing

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[ Columbia Journalism Review | 2020-01-30 17:05:04 UTC ]
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John and Jessie Frémont’s story of gold, ambition and the American West

Steve Inskeep recounts the couple’s expeditions in the wilderness and in politics. Continue reading at The Washington Post

[ The Washington Post | 2020-01-24 02:35:38 UTC ]
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News Corp employee lashes climate 'misinformation' in bushfire coverage with blistering email

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[ The Guardian | 2020-01-10 02:32:52 UTC ]
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The employees at iconic NYC bookstore McNally Jackson have voted to unionize.

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[ Literrary Hub | 2019-12-13 20:10:34 UTC ]
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Employees at McNally Jackson Vote to Unionize

The 90 employees at McNally Jackson, with five New York City locations including three bookstores and two Goods for the Study stationery stores, voted to join the Retail, Wholesale, and Department Store Union on Thursday. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-12-13 05:00:00 UTC ]
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The many ambitions that propelled Kavanaugh to the Supreme Court

His nomination fulfilled his dream — and others’ plans, too, Ruth Marcus writes. Continue reading at The Washington Post

[ The Washington Post | 2019-11-27 13:00:00 UTC ]
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[ Editor & Publisher | 2019-11-20 18:30:06 UTC ]
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The best gifts for foodies, according to Sweetgreen employees

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[ Fast Company | 2019-11-20 07:00:08 UTC ]
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The best gifts for fitness buffs, according to Peloton employees

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[ Fast Company | 2019-11-19 07:00:54 UTC ]
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Inside the battle over Kavanaugh, from ‘handmaid’ protesters to Bible verses

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[ Fast Company | 2019-10-22 14:45:41 UTC ]
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NBA is in a no-win situation as protest tweet sparks China furor

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[ Advertising Age | 2019-10-07 16:50:17 UTC ]
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A petition protests the ALA’s support for Drag Queen Story Hour events.

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[ Literrary Hub | 2019-08-07 17:00:08 UTC ]
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[ Advertising Age | 2019-06-25 19:25:00 UTC ]
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[ Advertising Age | 2019-06-20 13:15:19 UTC ]
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Salesforce is set to buy data visualization company Tableau

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[ Advertising Age | 2019-06-10 16:51:13 UTC ]
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