Kopi With YP: Your Minimalist Morning Briefing, 28 Feb

Get up to speed and stay smart with the latest business, tech, and local news in under 2 minutes.

Business

Never heard of WeWork? Well, it’s about to be valued more than Snapchat. A co-working space startup in US, WeWork, raised more than $600 million last year at a whopping valuation of about $20 billion, overtaking Snap Inc..

World

2 US individuals to tour around the Moon for the first time in 45 years! Telsa’s SpaceX will bring 2 private individuals, who have placed heavy deposit on the company, to space in 2018.

Humanity threatened by lethal superbugs. WHO announced that there are 12 urgent “priority pathogens”, of which some of them have already developed into deadly superbugs. Antibiotics needs to be developed as soon as possible.

Global mobile industry’s growth is not stopping anytime soon. A study conducted showed that there were more than 5 billion mobile users in 2016, clearly backing the increasing emphasis on purely mobile-related businesses.

Local

Singapore’s service industry on a slow crawl only inching up by 0.5% in 2016 Q4. The biggest contributor to that small sum was from education — 7.1% rise and from health and social services—7%.

Mixed reactions to the closure of Sembawang Hot Spring where many elders bring their buckets to collect natural, geothermal water. There are planning for its redevelopment into a park.

Marina Bay Bum Boat Fire. The incident happened in 2016 and an open verdict was released yesterday. The boatman was both broken-hearted and deep in depth.

Tech

More than 2,500 Singapore companies at risk of having their information leaked due to Cloudbleed bug. This warning was flagged by SingCert last friday of a “critical system vulnerability”. Globally, Fitbit, OkCupid and Uber have already reported data loss.

No Nokia in Singapore. Its nostalgic touch and look has gotten us craving for one but unfortunately, we will not be getting a taste of the new-old 3310.

Buying cars on Carousell? Carousell is definitely trying their bets at a wider demographic by extending their “goods” sold to the automobile landscape. With Carousell Motors, cars listing will be up with the seller’s and vehicle info.