Friday, 13 July 2018

Jeff Bezos May Charge $200,000 or More to Fly You to Outer Space

Hope you’ve hung onto the money you’ve saved with your Amazon purchases, because if you want a ride on Jeff Bezos’ rocket ship, it’s going to cost you.

Reuters reports a seat on Blue Origin’s New Shepard system will run from $200,000 to $300,000 when tickets go on sale. That’s expected to be as soon as next year.

That’s not a cheap trip, especially when you realize it will only offer passengers a suborbital view of the earth for four minutes or so and the entire ride will only last 11 minutes (and won’t have bathrooms or barf bags). That said, as the capsule only carries six people and each flight will cost an estimated $10 million, the company will take notable losses with each flight early on.

The price is also competitive with Richard Branson’s Virgin Galactic, which has sold roughly 650 tickets for $250,000 each already.

Blue Origin has had several successful tests of its rockets so far, most recently in April, when the company tested whether acrylic windows could withstand entry into space. Still, the company is a bit behind its original schedule.

Before paying customers step on board, though, Blue Origin is expected to send employees up to demonstrate the safety of the spacecraft and to do additional tests. The company hopes to launch its first manned flights later this year.

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Data Sheet—Maybe We Should Be Storing Everything as Plain Text

Microsoft disclosed this week that among the many improvements and highlights in its next update of Windows 10, known as Redstone 5, it is finally giving some love to the lowly Notepad app. Long forgotten in the rush to “word processors” like Word and WordPerfect, then overtaken by cloud writing tools like Google Docs, Notepad remains firmly entrenched as the most basic of text editors-and one that operates pretty much the same way it did back when it arrived in 1985.

Among the new innovations, the new Notepad will gain such cutting edge features as letting users zoom in and out to see text larger and smaller, automatically populating the find/replace search field with highlighted text, and--mirabile dictu--properly displaying lines of text that don’t fit on screen. Who would have guessed automatic word wrap was a 2018 new feature?

Some years ago, in an exercise defining what my “dream setup” might be, I wrote that I wanted “the perfect note-stashing program which could run on multiple computers and operating systems, have fantastic yet simple search and organizing features, index every word of everything saved, also be accessible on the web and automagically sync everything behind the scenes.” Shortly thereafter, Evernote hit the scene and my dreams became a reality. Nowadays, even Evernote is old hat, as it faces competition from Google Keep, Apple’s Notes, Microsoft’s OneNote, Dropbox Paper, and a million others.

But there’s a hidden downside to using most of these highfalutin note taking apps, as well as most modern word processors: proprietary data formats. Trying to find an old article I’d written in pre-Internet days recently, I was stymied by the ancient MS Word format of my 1990s era files. There are workarounds, to be sure, but maybe I would have been better off sticking to plain old text. There was even a meme that went around for a while about organizing everything into “one big text file.” Somehow I feel like the 2,959 notes I’ve saved in Evernote since 2009 would be lost in one humungous file. But maybe I should be saving more writing as plain text-for the future.

And that’s how we roll at Fortune’s daily Data Sheet newsletter: pondering multi-billion dollar mergers one day and the lowly .txt format the next. Have a great weekend.

Aaron Pressman
@ampressman
aaron.pressman@fortune.com

NEWSWORTHY

Crunch. Wall Street really, really didn't like chipmaker Broadcom's plan to pay $19 billion for enterprise software firm CA Technologies, which Adam discussed yesterday. Analysts fell on top of each other to blast the deal and Broadcom's stock fell almost 20% at one point, before closing with a 14% loss.

State of confusion. Speaking of things we mentioned yesterday, the Federal Communications Commission did go ahead and alter its consumer comment policy in a vote at its monthly meeting. "Nothing is changing," FCC chair Ajit Pai asserted. Democratic Commissioner Jessica Rosenworcel said the new wording would "cut the FCC out of the process" of addressing informal, free complaints forcing consumers to pay $225 and file formal complaints. Stay tuned as eventually we'll see who was correct.

Try to stay out of the headlines. Another day, another Facebook data scandal--or two. Turns out a privacy loophole was allowing third parties to harvest the names of people in closed Facebook groups, including really sensitive ones like a private group for women with the BRCA gene mutation signifying a higher risk of breast cancer. Facebook said it had shutdown the leak and issued a cease and desist letter to the developer of an app for collecting the data. The social network also stepped in it during a meeting with reporters about fake news, defending its decision to allow Alex Jones' conspiracy news site Infowars to host a Facebook page. "I guess just for being false that doesn't violate the community standards," John Hegeman, who heads Facebook's news feed, reportedly said.

Contradiction. Just two weeks after allowing Disney to buy much of 21st Century Fox, the Justice Department revived its quixotic campaign to somehow block AT&T's acquisition of Time Warner. The department filed a notice on Thursday indicating that it would appeal District Judge Richard Leon's ruling permitting the merger, which was then completed last month. Legal experts don't give the government good odds of prevailing in undoing the combination of two companies that didn't compete in the first place.

Now you tell me. After six years of shrinkage, the personal computer market is growing again say market trackers Gartner and IDC. Second quarter shipments increased 3% according to IDC, which counts Chromebooks but excludes Windows tablets in its total. Or maybe it was just 1%, says Gartner, which includes Windows-based tablets but excludes Chromebooks and non-Windows tablets.

Going green. After shifting much of its own energy production to renewable sources, Apple wants to get its Chinese suppliers connected to cleaner power, too. The company said it would fuel the effort (get it, fuel the effort) by investing $300 million jointly with 10 of its Chinese suppliers over the next four years.

FOR YOUR WEEKEND READING PLEASURE

A few longer reads that I came across this week that may be appealing for your weekend reading pleasure:

Hell for Elon Musk Is a Midsize Sedan (Bloomberg Businessweek)
On July 1, Elon Musk went home to sleep. The chief executive of Tesla Inc. had been camping out at his electric car factory in Fremont, Calif., for much of the past week. He'd been sleeping on a couch, or under a desk, as part of a companywide push to get out of what he calls "production hell" by manufacturing at least 5,000 of Tesla's new Model 3 sedans in a week. "I was wearing the same clothes for five days," Musk says in an interview with Bloomberg Businessweek. "My credibility, the credibility of the whole team," was at stake.

Hunting the Con Queen of Hollywood: Who's the "Crazy Evil Genius" Behind a Global Racket? (The Hollywood Reporter)
For more than a year, some of the most powerful women in entertainment--including Amy Pascal, Kathleen Kennedy, Stacey Snider and a 'Homeland' director--have been impersonated by a cunning thief who targets insiders with promises of work, then bilks them out of thousands of dollars. The Hollywood Reporter has obtained exclusive audio recordings of the savvy imposter as victims come forward and a global investigation heats up.

Inside X, the Moonshot Factory Racing To Build the Next Google (Wired)
It's a Wednesday in late June in Winnemucca, a solitary mining town in northern Nevada that has avoided oblivion by straddling the I-80 freeway. Along with two Basque restaurants, the Buckaroo Hall of Fame, and a giant W carved into the side of a hill, Winnemucca is the test site for Project Loon, a grandiose scheme launched in 2011 to bring the internet to huge swaths of the planet where sparse population and challenging geography make the usual networks of cell towers a nonstarter. Instead of building and maintaining earthbound structures with a range of a just few miles, Loon plans to fly packs of antenna-outfitted balloons 60,000 feet above the ground, each one spreading the gospel of connectivity over nearly 2,000 square miles.

New Yorker Writer Maria Konnikova Keeps Winning at Poker (Columbia Journalism Review)
New Yorker contributing writer Maria Konnikova has made the jump from amateur to full-time poker professional, complete with a sponsorship from the online poker site PokerStars. As PokerNews reported in May, she extended her year-long book leave from the magazine after winning more than $140,000 cash in two major tournaments this year, as well as a $30,000 credit for a future tournament. Her participation and unexpected ascension to elite poker are part of the immersive research for her upcoming book The Biggest Bluff, which includes studying and learning from professional players like Erik Seidel and Jason Koon.

FOOD FOR THOUGHT

Railroads, electricity, mass production. All of these innovations changed the world, but eventually receded into the background, becoming "tepid and banal," in the words of author Greg Satell. Now Satell says he sees early signs of that our era of incredible digital innovations has started an "inevitable descent into the mundane." What will come next? Something perhaps from the fields of genomics, materials science, or robotics, he writes in an essay for the Harvard Business Review. Our processes to stir innovation may need to change too, he says:

For digital technology, speed and agility are key competitive attributes. Techniques including rapid prototyping and iteration greatly accelerated development and often improved quality, because we understood the underlying technologies extremely well. Yet with the nascent technologies that are emerging now, that is often not the case.

You can't rapidly prototype a quantum computer, a cure for cancer, or an undiscovered material. There are serious ethical issues surrounding technologies such as genomics and artificial intelligence. We've spent the last few decades learning how to move fast. Over the next few decades we're going to have to relearn how to go slow again.

So while the mantras for the digital age have been agility and disruption, for this new era of innovation exploration and discovery will once again become prominent. It's time to think less about hackathons and more about tackling grand challenges.

BEFORE YOU GO

The great purge of locked accounts on Twitter hit this week and your favorite pop stars all lost a bunch of followers. Britney Spears lost almost 4% of her flock, Lady Gaga 3%, and Taylor Swift a little more than 2%. But what of top of the Twitter charts star Katy Perry? She's still #1, even after a 3% hit, with 107 million followers. Still coming atcha like a dark horse, I guess.

This edition of Data Sheet was curated by Aaron Pressman. Find past issues, and sign up for other Fortune newsletters.

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Term Sheet – Friday, July 13

EDUCATION

Happy Friday. Polina returns Monday. Reach me lucinda.shen@fortune.com.

Education is one of those things that is constantly underfunded in the U.S -- as evidenced by the nationwide teacher walkouts. But in the private equity and venture capital space, plans to reform the industry through technology are on fire. It seems as if there's a new deal in the edtech space everyday.

Today, Austin-based pi-top, a learn-to-code startup, raised $16 million in funding led by Hambro Perks and Committed Capital.

It's not just an anecdote that investors are becoming more bullish in the education space, despite historical disinterest in funding education (at least politically speaking). About $8.24 billion in investments flowed into edtech firms in the first half of 2018 alone, according to a recent Metaari analysis that includes PE, VC, and ICO funding.

Such funding looks on track to hit yet another annual record, with investments hitting $9.56 billion last year. For perspective, capital in the space grew 31.8% between 2016 and 2017--outpacing 18% growth in VC funding and a 5% uptick in PE Investment in the same period.

But what's really sizzling in the edtech space -- Chinese startup. About $4.86 billion are invested in that industry, which is not terribly surprising considering the country's venerance for education. Take test-prep factory city Maotangchang in Anhui province, as reported by the New York Times, as an example. There, students spend dusk to dawn preparing for the "gaokao," the all-important, hours-long college entrance examination.

But investing in China is not for the weak hearted. Take the case of Chinese firm RYB Education, a childhood education stock that listed publicly in the U.S. during the month of September. It rose 40% on its first day of trading--but was punished two months later amid reports that children were drugged, abused, and molested at one of its locations. So far, shares have not recovered by much.

DINOSAUR JUICE GROWS LESS POPULAR: The Republic of Ireland is close to becoming the world's first country to part with fossil fuels. A bill requiring the nation's investment fund to divest of $10 billion in investments within the coal, oil, gas and peat industry, is expected to pass in September, NPR reports.

That comes after New York City decided in January that its pension fund would divest of $5 billion in investments with ties to the fossil fuel industry.

OOPS: U.S. Commerce Secretary Wilbur Ross is dropping his equity holdings for Treasury securities, according to a Thursday statement.

It's not so much a sell signal, but more of a conflict-of-interest problem. Ross signed an agreement in early November, saying he had divested of all potential conflicts of interest. But the U.S. Office of Government Ethics issued a letter Thursday saying the official was "inaccurate" in his statements.

Ross later disclosed following the November agreement that he hadn't divested of former employer, Invesco, until late December.

Oh, and he opened short positions following the agreement. Among the short positions; Navigator, a shipping company with ties to the Kremlin. Ross later defended himself, arguing the short position was a way to divest, though it's unclear how that math holds up.

CORRECTION: I misstated the year in which Steve Cohen's venture fund, Cohen Private Ventures. That fund, now investing in a cryptocurrency hedge fund, launched in 2010 and not in 2016.

VENTURE DEALS

[ts_bullet_primary] Compass Therapeutics, a Cambridge, Mass.-based biotech company, closed $132 million in Series A funding. OrbiMed Advisors led the round and was joined by investors including F-Prime Capital, Cowen Healthcare Investments, Thiel Capital, Biomatics Capital, Ulysses Holdings, Borealis Ventures, Alexandria Venture Investments and Biomed Realty Ventures.

[ts_bullet_primary] Meero.com, a Parisian firm applying AI to photography servicings, raised $45 million. Alven Capital and Idinvest led the round.

[ts_bullet_primary] Sight Diagnostics, a Tel Aviv-based company creating a blood count device, raised $25 million in funding. Eric Schmidt's Innovation Endeavors is an investor.

[ts_bullet_primary] Radiflow, a Tel Aviv-based cybersecurity firm, raised $18 million in funding. ST Engineering Ventures led the round and was joined by investors including Zohar Zisapel.

[ts_bullet_primary] Verto Analytics, a Finnish consumer-centric audience measurement company, raised $13.4 million in funding. Conor Venture Partners, Open Ocean Capital, and Finnish Industry Investment led the round, and were joined by investors including Steve Farella, Chairman of MDC Media and Steve Marshall, CEO and Founder of Invision.

[ts_bullet_primary] Allthings, a Swiss property tech company, raised about $13.5 million in Series A funding. EarlyBird Venture Capital is the investor.

[ts_bullet_primary] Goodwall, a Geneva-based social network for high school students, raised $10.8 million in Series A funding. CVC Randstad Innovation Fund is the investor.

[ts_bullet_primary] Penrose Studios, a San Francisco-based virtual reality content studio, raised $10 million in Series A funding. TransLink Capital led the round.

[ts_bullet_primary] Apollo Fusion, a Mountain View-based satellite propulsion company, raised $10 million in Series B funding. Reid Hoffman from Greylock Partners is the investor.

[ts_bullet_primary] Octi, a Los Angeles-based augmented video company, raised $7.5 million in funding. Shasta Ventures, I2BF Ventures, Bold Capital Partners, Day One Ventures, Human Ventures, Live Nation and AB InBev are investors.

[ts_bullet_primary] Eventbase, a Vancouver-based enterprise event application company, raised $6.5 million in funding. Kensington Capital led the round, and was joined by investors including Madrona Venture Group.

[ts_bullet_primary] Nestio, a leasing platform for landlords and brokers, raised $4.5 million in funding. Camber Creek and Trinity Ventures led the round, and was joined by investors including Rudin Ventures, Currency M, The Durst Organization, LeFrak Ventures, Torch Venture Capital, Freestyle Capital, and Lazerow Ventures.

[ts_bullet_primary] Orig3n, a Boston-based biotech focused on genetics and regenerative medicine, has raised over $50 million to date since the firm's inception in 2014, follow Series B funding. Haitong International led the round, and was joined by investors including Hatteras Venture Partners, Alexandria Venture Investments, Labcorp, Spectrum Health Ventures, 180 degree capital, VECTR Ventures, KTB Ventures, DEFTA Partners, MMIC Investment Holdings, and Mountain Group Partners.

[ts_bullet_primary] Alma Campus, a Stanford, Calif.-based social network built for students, raised $$1 million. Norwest Venture Partners led the round, and was joined by investors including Felicis Ventures and former Yahoo CEO Marissa Mayer. Read more.

PRIVATE EQUITY DEALS

[ts_bullet_primary] Fortis Solutions Group, a portfolio company of Main Post Partners, acquired Lewis Label Products, a Fort Worth, Texas-based maker of pressure sensitive labels, shrink sleeves, and flexible packaging products. Financial terms weren't disclosed.

[ts_bullet_primary] RSE Ventures invested in Bluestone Lane, an Australian lifestyle brand with coffee shops and cafes. Financial terms weren't disclosed.

[ts_bullet_primary] Process Sensing Technologies, a portfolio company of Battery Ventures, will acquire Dynament and Status Scientific Controls, two Mansfield, U.K.-based manufacturers of infrared gas detection sensors and instruments. Financial terms weren't disclosed.

[ts_bullet_primary] Cinven will acquire Envirotainer, a Swedish provider of temperature-controlled air cargo containers. Financial terms weren't disclosed.

[ts_bullet_primary] Mediware Information System, a portfolio company of TPG, acquired Fazzi Associates, a Northampton, Mass.-based provider of home health and hospice services. Financial terms weren't disclosed.

[ts_bullet_primary] Ovation Fertility, a portfolio company of WindRose Health Investors, acquired Midwest Fertility Specialists, an Indianapolis-based provider of fertility care and laboratory services. Financial terms weren't disclosed.

[ts_bullet_primary] Apollo Global Management has approached Nexstar Media Group (NASDAQ: NXST), an Irving, Texas-based television stations operator, about a potential acquisition, Reuters reports citing sources. Read more.

[ts_bullet_primary] Datix and RL Solutions, two healthcare quality and patient safety software companies backed by TA Associates will merge. Datix is headquartered in London, while RL Solutions is headquartered in Toronto.

OTHER DEALS

[ts_bullet_primary] Accenture acquired Kogentix, a Schaumburg, Ill.-based AI and big data provider. It also acquired AI technology from Real Time Analytics Platform, a Bay Area, Calif.-based firm focused on machine learning and neural networks.

[ts_bullet_primary] CURE Pharmaceutical will acquire the non-pain assets of Therapix Biosciences, an Israeli pharmaceutical firm focused on cannabinoid technologies. Financial terms weren't disclosed.

[ts_bullet_primary] Netskope acquired Sift Security, a Menlo Park, Calif.-based cloud infrastructure security firm. Financial terms weren't disclosed.

[ts_bullet_primary] IZEA (NASDAQ: IZEA), a Winter Park Fla.-based influencer and content marketing software maker, will acquire TapInfluence, a Mountain View, Calif.-based marketplace for influencers in a part-cash, part-stock transaction. TapInfluence is backed by Grotech Ventures, Noro-Moseley Partners, and Access Venture Partners, who will become IZEA stockholders as part of the transaction. Financial terms weren't disclosed.

IPOS

[ts_bullet_primary] Liquidia Technologies, a Morrisville, N.C.-based maker of pulmonary arterial hypertension therapies, plans to raise $50 million in an IPO of 4.5 million shares priced between $10 to $12. The firm posted revenue of $7.3 million in 2017. Jefferies and Cowen are bookrunners. It plans to list on the Nasdaq as "LQDA." Read more.

[ts_bullet_primary] VHQ Media Holdings, a Taipei-based movie and television post production house, plans to list its Chinese operations on the Hong Kong stock exchange in the next 12 to 18 months. Read more.

R3, the blockchain software maker, is reportedly weighing an IPO, Bloomberg reports citing sources. Read more.

FIRMS + FUNDS

[ts_bullet_primary] Trinity Hunt Partners, a Dallas-based private equity firm, raised over $289 million for its fifth fund of a targeted $300 million, per an SEC filing.

[ts_bullet_primary] SRI Capital, an early stage venture capital firm in Philadelphia and India focused on funding startups in the US and in India, raised $100 million for its maiden fund. early stage VC fund focused on tech opportunities in the US and India.

[ts_bullet_primary] Glasswing Ventures, an early-stage venture capital firm, raised $112 million in its first fund.

[ts_bullet_primary] Sound Ventures, founded by Ashton Kutcher and Guy Oseary, plans to raise raise $150 million for its second fund, per an SEC filing.

PEOPLE

[ts_bullet_primary] Norwest Venture Partners promoted Edward Yip to partner. Ed is on the Internet and Consumer venture team.

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Lucinda Shen produced today's Term Sheet. Send deal announcements here.

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Five Xiaomi devices, including mysterious POCOPHONE, tipped for Russia, Europe

The Xiaomi Mi 8.

  • Five Xiaomi products have passed through the EEC regulatory commission’s website.
  • The products include the Mi Max 3, POCOPHONE and Mi 8 flagship.
  • The filings suggest that these products will launch in Russia or Europe at large.

Xiaomi has been spreading its wings across Europe in 2018, but the brand may not be done yet. Five Xiaomi products have passed through the EEC regulatory body (h/t: GSMArena and MySmartPrice), suggesting Russians and Europeans at large will soon have even more devices to choose from.

The filings reveal that the unreleased Mi Max 3, POCOPHONE, and Mi A2 phones could be launching in the region soon. But the listings also reference the previously revealed Mi 8 flagship and Mi Box 3 streaming gadget.

The filings aren’t an outright guarantee that they’ll be landing in Russia or Western Europe, however; plans could change or Xiaomi may just want to file the paperwork in case it decides to launch them at a later date.

What to know about these devices?

The Xiaomi Mi Max 3.

The Xiaomi Mi Max 3. TENAA

Xiaomi’s Mi Max 3 is set for launch on July 19, with regulatory filings revealing a 6.9-inch full HD+ display, 5,300mAh battery, dual-camera setup, up to 6GB of RAM and up to 128GB of storage.

Meanwhile, the POCOPHONE has previously surfaced on the FCC’s website, suggesting we’re looking at a brand new device family rather than a regional model. The FCC test reports note that it will have 6GB of RAM and 64GB or 128GB of storage, but we don’t know much else about the phone.

Editor's Pick

The Mi A2 is expected to be an Android One-toting version of the previously launched Mi 6X. So look out for a phone with a Snapdragon 660 processor, a 6-inch full HD+ screen, 4GB/6GB RAM, 32GB/64GB/128GB of storage and a 12MP/20MP dual camera setup. The Chinese brand is holding an event on July 24 in Spain, so we’re expecting the Mi A2 then.

Of course, the Xiaomi Mi 8 is the highest spec’d phone of the lot, and its EEC listing suggests the firm is finally ready to bring it to the global stage. It’s packing a Snapdragon 845 chipset, 6GB of RAM, up to 256GB of storage, dual 12MP camera setup, and a 3,400mAh battery.

What would you like Xiaomi to bring to your market? Let us know in the comments section!

via WixxSid
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Do fitness trackers really work? Probably, but it’s not as simple as you think!

As some of you may know, I’m not only a tech lover — I’m also a big fitness enthusiast. Therefore, the idea of a fitness tracker — which combines tech and fitness into a single product — seems right up my alley. Getting all your biometrics right on your wrist and seeing your progress charted over time is like something from a superhero movie.

There are practical, less nerdy benefits too. A fitness tracker should help you lose weight, improve your fitness, and adopt healthier habits around sleeping, eating, exercising, and moving.

Do fitness trackers really work, though? What is your fitness tracker actually measuring anyway? Just how accurate is it really?

What do fitness trackers measure

As much as I love this tech, I can see some serious inherent problems. Even if this information is accurate, is it even useful?

The concept

Editor's Pick

To find out whether fitness trackers really work, first we need to know precisely what they do. Fitness trackers come in all shapes and sizes, and include a wide variety of different sensors and features depending on the brand. Almost universally, they rely on a heart rate monitor to calculate rough calorie expenditure and motion sensors to detect movement.

The premise is simple: the harder your heart is working, the more you’re exerting yourself, the more calories you are burning.

Polar chest strap

Now if you measure the calories coming in via a diet app like MyFitnessPal, you can see the difference and attempt to maintain a “deficit.” If you consume less than you use, your body burns fat and you lose weight. If you consume more than you use, your body has a surplus of calories, which it stores as fat — you gain weight.

It’s simple math, but it has loads of problems.

The problem with heart rate monitors

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The heart rate monitors used in most trackers work via a technology called pulse oximetry. An infrared light penetrates the skin and looks for subtle changes in the color of the blood. These colors represent the oxygenation of the blood, which increases with each heartbeat.

This technology is far from perfect. Many other things can impact blood oxygenation or otherwise change the appearance of the blood vessels. When you’re lifting weights, contractions alter the amount of blood reaching the limbs, so do changes like vasodilation. This is why chest-worn heart rate straps are more reliable than wrist-worn devices.

Polar heart rate monitor

The best fitness trackers use complex algorithms analyzing movement to ascertain what activities you are engaging in and alter the heart rate interpretation accordingly. These are best described as guesstimates.

Those aren’t the only problems. Heart rate alone is not an ideal indicator of calorie burn. The assumption is that when the heart pumps faster, you are creating a demand for oxygen and energy and thus probably engaging in an activity that is “costly” from an energy perspective.

In reality, many things can increase your heart rate. Fitter individuals actually have lower resting heart rates because the strength of each heartbeat is greater — allowing their hearts to beat less frequently. Blood pressure, air pressure, ambient temperature, mood, and more can all impact on your heart rate.

World of Warships Blitz on the Mate RS.

A good gaming session will raise your heart rate, but you won’t burn many extra calories!

To be fair, good fitness trackers don’t rely on the heart rate alone. They measure combinations of heart rate and movement, compared against patterns derived from huge data sets using machine learning. Regardless, it is still ultimately an inaccurate picture.

Finally, it’s also problematic that most smartwatches only take a measurement of your heart rate once every few minutes or so, unless you are engaged in some kind of workout. This is intended to conserve energy, while allowing for an average resting and maximum heart rate. The amount of calories you burn during a gym session actually only has a small impact on your total daily calorie expenditure. Far more important are your levels of activity throughout the day. Your smartwatch may remind you to get up and walk around every now and again, but it might also miss your quick impromptu dance routine in the kitchen.

The number of calories you burn during a gym session actually only has a small impact on your total daily calorie expenditure

It’s very possible the real secret to impressive weight loss is just to be more energetic and active throughout the day — and your fitness tracker has no way of effectively tracking this. Whether fitness trackers actually work depends on if you’re a runner or a weightlifter, or whether you’re looking to lose weight throughout the day, or just during your workouts.

Do fitness trackers really work?

What’s even more concerning is what is ultimately done with all this information.

The central hypothesis driving the smartwatch industry is that losing weight is a simple matter of “calories in versus calories out.” This view is held by many fitness experts, bodybuilders, and nutritionists. But not all.

MyFitnessPal

Calories in – calories out = weight loss?

Another crowd maintains that counting calories is actually ineffective for a large number of the population. According to this perspective, the answer has more to do with metabolism, hormone balance, insulin sensitivity, gut bacteria, nutrient density and so on. These people push intermittent fasting, ketogenic diets, and the paleo lifestyle. This group might answer the question of whether fitness trackers really work quite differently.

Allow me to be so bold as to present my take.

Burning more calories than you consume will result in weight loss. However, we have no idea how many calories we’re actually burning a lot of the time.

Smartwatches and the calorie-counting crowd rely on a number called an Active Metabolic Rate (AMR) to do their math. This is the number of calories that you burn during a normal day of activity. In turn, this is calculated as your Basal Metabolic Rate (BMR) — the number of calories simply required for breathing and thinking — plus any activity on top.

how fitness trackers work

To get your BMR and therefore your AMR, enter your height, your weight, and sex. This is necessary because taller people require more energy just to go about their usual business — that’s why bigger folks tend to eat more. Likewise, men and women burn slightly different amounts of calories — with women usually requiring a little less food on a daily basis.

There’s a glaring omission here: muscle mass.

Muscle is metabolically active — it requires energy to maintain and to use. Someone who is 165lbs and very muscular will burn more calories than someone who is 165lbs with no muscle.

fitness tracking weights

Pack on muscle and your fitness tracker may become less accurate…

There are ways around this. You can do a similar BMR calculation using your lean body mass, which is a much more useful figure for learning calories burned. Very few fitness trackers allow you to enter this information. None that I know of ask for a body fat percentage by default. Most users would likewise understand why that might be a problem.

However, the problem runs much deeper than that. Individual differences when it comes to calories burned don’t just come down to body weight and muscle mass. Two people roughly the same height and weight probably won’t burn the same number of calories.

If you have a higher level of testosterone for instance then you will burn more calories and build more muscle

Hormone balance plays a big role here. If you have a higher level of testosterone, you will burn more calories and build more muscle. Likewise, thyroid hormones, cortisol levels, insulin, and more all play a role.

Editor's Pick

Don’t believe that hormones can make that much difference to your physique? Look at someone who uses steroids. They would have the same numbers as anyone else on a fitness tracker, but they’d look a whole lot different.

Now I’m not suggesting you use steroids, but while you might not have the sky-high testosterone levels of someone who uses them, a slightly higher or lower number could still have a more minor impact on your weight loss.

sleep tracking

Likewise, many women who start using oral contraceptives will find they either gain or lose weight as a result.

Similarly, many health conditions like hypothyroidism can drastically alter the way your body uses energy from food. You might not have hypothyroidism, but if you are struggling to lose weight despite what the numbers are saying, you might still have a slower metabolism than average. It’s better to think about these things as spectrums, rather than binaries in many cases.

Many other things might influence your actual BMR too, such as your gut bacteria. Our guts harbor a lot of friendly bacteria that we are increasingly learning plays a very vital role in our health and wellbeing. These critters help us to produce hormones and neurotransmitters, they aid with our digestion, and they fend off bad bacteria. Several case studies have shown us that fecal transplants (yep it’s what it sounds like!) can result in rapid weight loss or weight gain thanks to the loss or addition of the bacteria.

fitness tracker hormones

If it were possible to precisely count calories going in and out, this would lead to more accurate predictions of weight gain or weight loss. However, our idea of how to calculate calorie burn is probably pretty primitive, and the resulting number might end up being more misleading than helpful. This all casts some doubt when asking if fitness trackers work.

Should I throw out my fitness tracker?

If all this sounds very negative, forgive me. I’m actually a big fan of fitness trackers.

For most people, the calorie calculations are accurate enough to be useful. Calorie restriction is a great place to start, and it’s only when you find it doesn’t work that you need to start considering other options to improve your metabolism and general health and fitness.

Fitness tracking swimming

As Tim Ferriss points out, sometimes just having a single metric to track can be incredibly valuable — even if that metric isn’t completely accurate or doesn’t paint a complete picture. Do fitness trackers work? If it’s been working for you, then yes! I know plenty of people personally who have lost weight using them.

That’s really where fitness trackers come into their own. They are highly useful devices for simply letting us track our general levels of activity and to identify areas where we could be doing better. Trying not to break the chain is a seriously motivating reason to keep going to the gym or to keep your calorie intake low (just as Seinfeld.)

Swimming with Garmin Vivoactive 3

Cowabunga!

Of course, fitness trackers also do much more than just count calories and steps — they’re useful for training in heart rate zones (see my post on seven minute workouts), and they provide sleep tracking, meditation modes, and more. I’m really excited for the future of these devices and how they might be able to advise us on our chronotype, or look at our heart rate variability to estimate recovery. Projects like the Oura Ring show promise in this regard.

Even by simply making us more aware of more aspects of our health, any fitness tracker can help improve many areas of our lives. That which is measured, improves.

Do fitness trackers really work

Just understand the limits of these devices. Don’t take their results as law. There’s far more going on in our bodies than they can measure, or than even we fully understand. It’s not as simple as just asking do fitness trackers work. Nothing about the body is simple!

via WixxSid
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No, Kylie Jenner Isn’t a Billionaire—a GoFundMe Campaign Wants to Fix That

No, Kylie Jenner Isn’t a Billionaire—a GoFundMe Campaign Wants to Fix ThatA day after 20-year-old social media star Kylie Jenner graced the cover of Forbes for building a massive estimated fortune in under three years, comedian and fellow social media celebrity Josh Ostrovsky AKA The Fat Jew appears to have set up a GoFundMe page to bump her net worth up to a cool billion. The campaign description reads: “Kylie Jenner was on the cover of Forbes Magazine today for having a net worth of 900 million dollars, which is heartbreaking.


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Anna Wintour Collaborates with Nike on Jordan Sneakers

The post Anna Wintour Collaborates with Nike on Jordan Sneakers appeared first on Fashion Bomb Daily Style Magazine: Celebrity Fashion, Fashion News, What To Wear, Runway Show Reviews.

Vogue Magazine editor-in-chief Anna Wintour has some swag! The editrix recently teamed up with Nike to release an “edit” of the Jumpman 23 Air Jordan 1 and 3 sneakers.


Each pair features Anna Wintour’s “AWOK” approval signature which stands for “Anna Wintour Okay.”


The AJ1 pairs will be available on July 21st and the AJ3’s will be available September 7th. Will you be purchasing a pair?

The post Anna Wintour Collaborates with Nike on Jordan Sneakers appeared first on Fashion Bomb Daily Style Magazine: Celebrity Fashion, Fashion News, What To Wear, Runway Show Reviews.

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