Wall Street is optimistic about third-quarter earnings season, which kicks off today when Netflix reports. Also reporting this week: IBM (Tuesday), eBay (Wednesday), PayPal and Verizon (Thursday) and GE and P&G (Friday). [TheStreet]
Recode Daily: Netflix kicks off Q3 earnings season, and Harvey Weinstein is booted from the Academy
Plus, North Korea’s cyberwar program is no joke, and what anti-tech backlash?
Kristian Dowling / Getty Images
After an emergency meeting on Saturday, the 54-member board of governors of the Academy of Motion Picture Arts and Sciences stripped disgraced mogul Harvey Weinstein of his lifetime membership. As buyers circle for parts of the powerful independent studio, Weinstein’s brother and business partner Bob Weinstein said publicly that he was sickened by his brother’s lack of remorse, and maintains that the company can survive; a third member of Weinstein’s legal team quit without filing Weinstein’s threatened lawsuit against The New York Times. Journalist Kim Masters writes about the difficulty she had getting her reporting on Weinstein published. [Gregg Kilday / The Hollywood Reporter]
Perhaps bothered by last week’s #WomenBoycottTwitter protest, Twitter CEO Jack Dorsey pledged (again) in a Friday night tweetstorm that he’s going to clean up Twitter so users don’t have to deal with abuse or threats or harassment. Meanwhile, it has been more than two weeks since Twitter tested longer tweets with up to 280 characters, and guess what? Twitter is fine. [Kurt Wagner / Recode]
Here’s a sobering look at how North Korea’s cyberwarfare unit evolved from a joke in 2009 to a major and active global threat today. The country’s army of more than 6,000 hackers is undeniably persistent and improving; one security expert says North Korea has “one of the most successful cyberprograms on the planet, not because it’s technically sophisticated, but because it has achieved all of their aims at very low cost.” [The New York Times]
The New Yorker welcomes our new robot overlords by digging deep into the robotics revolution, with a visit to the Steelcase furniture plant in Michigan, Brown University’s Humans to Robots Laboratory, and Symbotic, a company located outside Boston that sells fully automated warehouse systems to large retail chains. Automation has increased manufacturing in the U.S., and more companies are “reshoring,” but many human employees — who need things like light, air, food and rest — now find themselves tending to the needs of the robots. [Sheelah Kolhatkar / The New Yorker]
We’ve known since at least 2012 that Facebook was a powerful, non-neutral force in electoral politics. Here’s a deep look at the social network’s role in eroding the informational underpinnings of democracy during the 2016 election. [Alexis C. Madrigal / The Atlantic]
Maybe you’ve heard that there’s an anti-tech backlash out there in America, hyped by articles titled “Silicon Valley Is Not Your Friend,” “Our Minds Can Be Hijacked” and today’s “This is cool” item. Not so fast — according to multiple polls, up to 88 percent of respondents view Google favorably, with slightly lower numbers for Amazon (72 percent) and Facebook (60 percent). [CNBC]
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This article originally appeared on Recode.net.
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