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New study: You can die from working too much

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A new World Health Organisation study has found working long hours is literally killing us

In 2016, 745,000 people died as a result of health complications associated with working too much.

The data found working 55 hours or more per week was linked to a 35 per cent increased risk of stroke and a 17 per cent increased risk of of heart disease compared to a 35 to 40 hour working week.

72 per cent were men and middle-aged or older.

The study did not include the COVID-19 pandemic.

Officials are concerned the move to remote working could see the risks increase

Business

Facebook is about to get a huge facelift with new feature

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Facebook Shops: the tech giant is on a quest to build the world’s largest shopping social media platform

This morning, Facebook CEO Mark Zuckerberg went live to detail changes to Facebook’s ‘Shops’ feature. The feature will allow new ways for users to shop across Facebook and Instagram.

Last year, both platforms launched their Shops tab to help businesses go digital amidst worldwide lockdowns to contain the spread of Covid-19.

The feature allowed shop owners to set up a unified, customisable store across Facebook and Instagram. Since then, Facebook has gained over 300 million visitors to Shops per month, and over 1.2 million active Shops.

Facebook Shops will expand to WhatsApp and Marketplace

The update announced today will give businesses in select countries the option to showcase their Shop in WhatsApp.  The update will also allow users in the US to list their Shops products in Marketplace.

“We’re launching the ability for a business to send shoppers to where you’re going to be most likely to make a purchase based on your shopping behaviour,” Mark Zuckerberg said this morning.

“We are making the online shopping journey more personalised, more entertaining, and more seamless.” said Kate Box. Head of Retail at Facebook Australia and New Zealand.

“Instagram and Facebook are a new Westfield!”

Kate Box, Head of Retail at Facebook Australia and New Zealand.

The Facebook Shops update will also include new visual discovery tools on Instagram, which will help shoppers find new products. The Visual Search feature will help users find visually related products, similar to Pinterest.

“In the future we’ll make it possible for people to take photos from their camera to start a visual search,” Zuckerberg said.

“While it’s still early, we think visual search will enhance mobile shopping by making even more pieces of media on Instagram shoppable.”

Augmented Reality try-on tech

Additionally, new AI and AR features will allow users to visualise and virtually try on items before they buy through API integrations with Modiface and Perfect Corp.

The company is also introducing new tools for brands to include AR product catalogs in ads. These ads will automatically show relevant products to people based on their interests. 

“AI and AR will further evolve how customers discover products they love. Australian’s will be able to find products online, with visual search and try-on immersive experiences available before making a purchase,” said Box.

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Tech

Facebook takes advertising to new dimensions with VR ad trials

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VR ads

Facebook is testing VR ads inside its Oculus Quest virtual reality headset system

Facebook founder Mark Zuckerberg is breaking his previous promise that VR Oculus Quest apps will remain ad-free.

The company is describing the ad roll-out as an ‘experiment’. The ads are already appearing in a game called Balston, with other developers rolling out similar ads.

Facebook says it will listen to feedback before launching the virtual reality ads more widely, and will continue testing new ad formats “that are unique to VR”.

Oculus says “We’re exploring new ways for developers to generate revenue – this is a key part of ensuring we’re creating a self-sustaining platform”.

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Crypto

Bitcoin plummets as China continues to crack down on crypto mine closures

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China bitcoin mine

Bitcoin fell over the weekend, spurred by China closing a number of mines.

Bitcoin fell 5.5 percent on Sunday, as China closes in on Bitcoin mining practises.

This comes amid growing concerns over the energy usage required to mine cryptocurrencies.

This is the currency’s fourth decline in the past five sessions. Ether also tumbled.

The city of YA-AN promises to root out major crypto mining operations within 12 months

There are reports that the closure of the mines in this area has reduced the crypto’s mining capacity by 90 percent.

The crypto is currently priced at around half of what it was worth in April – with the market value falling from 2.6 trillion last month to 1.45 trillion today.

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