News You Can Use: 9/12/2018

The Source: Avoiding Deadlines

  • 44 Percent of Americans 18-27 Have Deleted the Facebook App This Year, Poll Finds

    According to a new study by the Pew Research Center, 54 percent of Facebook users ages 18 and older have adjusted their privacy settings in the wake of revelations that Facebook repeatedly failed to protect consumer data as it was shared and abused by a myriad of Facebook partners, including political analytics firm Cambridge Analytica.

    The study also notes that around 42 percent of Facebook users have chosen to take a break from the social platform of several weeks or more, with a quarter of users choosing to delete the Facebook app from their phones entirely in the last year.

    https://motherboard.vice.com/en_us/article/a3q5nk/44-percent-of-americans-18-27-have-deleted-the-facebook-app-this-year-poll-finds

  • When should you take a mental health day?

    It is generally not a good idea to take a mental health day spontaneously. That is, if you wake up in the morning and dread going to work, don’t use that feeling as a reason to call in sick. Stress and anxiety are emotional experiences you have when there is something in your world you are trying to avoid. If you call in sick when you feel this way, you are laying down a memory that can start to create a habit to respond to stress and anxiety by actually avoiding work that may need to be done. You don’t want your go-to response to stress to be to run away from it.

    https://www.fastcompany.com/90225167/when-is-it-ok-to-take-a-mental-health-day

  • 3 steps to money mastery: Would you rather have freedom or stuff?
  • Confessions of a young ad agency staffer: ‘If you leave for lunch, you get that side-eye’

    In the ad agency world, people who are very young stress themselves until they get sick because they want so badly to be perfect. Everyone I know who is young who works in this business is like, ‘I have to be amazing, I have to get promoted.’ Everyone who is older is so jaded. They just don’t want to work anymore. My boss works from home twice a week and takes calls from home.

    Do you feel like multiple people should be doing your job?

    I handle seven different parts of our client’s business. It’s crazy. I feel like there should be a manager and someone to assist them for every piece of business I work on. They don’t hire enough people. When someone goes on vacation, we have to sit down and train everybody on what we’re doing. It’s very inefficient. I think that to save money they try to cram as many of us onto as many clients and campaigns as possible.

    https://digiday.com/marketing/confessions-young-ad-agency-staffer-leave-lunch-get-side-eye/

  • Not all popular YouTubers are raking in cash for their videos

    Marshall says his decision to use “real music” you’d hear on the radio severely cuts into the actual profit turned by his channel. Where the profits for a monetized video that uses music in the public domain would be split between the creator and YouTube, the record labels that own the top-40 tracks take “all of the money, and we are left with zero.” These videos can still be profitable if the YouTuber and the label can reach an agreement; otherwise, monetizing videos with copyrighted music is virtually out of the question. “Out of … 147 videos, we are monetizing 11,” he says in a video explaining his earnings. “That’s 7 percent. We are monetizing 7 percent of the content that we put out.”

    According to Marshall, the only way the team is able to continue making videos is through people buying merch, tickets to their tour (roughly $30 a ticket for general admission, according to a recent sale), or by buying a $4.99 channel membership for special perks. (This model is similar to the one employed by mid-range musicians, who also rely on merch and ticket sales, and independent writers and artists through platforms like Patreon.) “You’re supporting us. Just you buying a shirt, it’s silly … but it’s what allows us to keep doing this,” he explains.

    https://www.theverge.com/2018/9/5/17822822/youtube-youtubers-influencers-video-ad-revenue-subscribers-fitness-marshall

Photo by Chad Peltola on Unsplash

Supplier Report: 9/7/2018

The Source: AWS and a trillion dollars

Amazon became the second company to be valued at one trillion dollars this week. As that news hit the airwaves, workers at Whole Foods (which was purchased by Amazon last year) are starting to organize a union citing Amazon’s poor working culture.

Jeff Bezos is also making news for going after Facebook and Google’s advertising revenues. The company is making a push for digital advertising profits and I personally see them being very successful at it.

Acquisitions

Artificial Intelligence

  • AI robots can develop prejudices, just like us mere mortals

    Over thousands of simulations, the robots learned new strategies by copying each other either within their own groups or by across the entire population. The study found the robots cribbed strategies that gave them a better payoff in the short term, indicating that high cognitive ability isn’t necessarily required to develop prejudices.

    “Our simulations show that prejudice is a powerful force of nature and through evolution, it can easily become incentivized in virtual populations, to the detriment of wider connectivity with others,” wrote Cardiff University’s Professor Roger Whitaker, one of the study’s co-authors. “Protection from prejudicial groups can inadvertently lead to individuals forming further prejudicial groups, resulting in a fractured population. Such widespread prejudice is hard to reverse.”

    https://www.engadget.com/2018/09/06/robots-prejudice-study-mit-cardiff/

Cloud

  • Google will struggle if it re-enters China, says its former country head

    “People [in China] aren’t looking for a new search engine or an app store, new companies are emerging addressing previously unknown customer needs [and] innovations are coming out,” Lee explained.

    “The new graduates generally prefer to work for Chinese companies and then, lastly, the heads of multinationals are really just professional managers. If they were to compete against local entrepreneurs who are gladiators in this colosseum, I don’t think the American companies will have a high chance of succeeding in this environment,” he added.

    https://techcrunch.com/2018/09/05/google-will-struggle-if-it-re-enters-china/

Security

  • More U.S. Cities Brace for ‘Inevitable’ Hackers

    “Compromise is inevitable,” said Christopher Mitchell, chief information security official, at a Houston City Council hearing last month. His presentation helped persuade local lawmakers they needed a $30 million cybersecurity insurance plan with a $471,400 premium, an example of a burgeoning trend across the country. Policies vary, but insurance can cover hackers’ extortion demands, legal liabilities, computer-forensics expertise and costs for problems like having government services knocked off line.

    https://www.wsj.com/articles/more-cities-brace-for-inevitable-cyberattack-1536053401?ns=prod/accounts-wsj

  • Former Facebook security chief Alex Stamos: Being a CSO can be a ‘crappy job’

    “It’s like being a [chief financial officer] before accounting was invented,” he said.

    “When you decide to take on the [chief security officer] title, you decide that you’re going to run the risk of having decisions made above you or issues created by tens of thousands of people making decisions that will be stapled to your resume,” he said.

    https://techcrunch.com/2018/09/06/alex-stamos-facebook-yahoo-security-officer/

Software/SaaS

  • Commons Clause stops open-source abuse

    Go to Amazon Web Services (AWS) and hover over the Products menu at the top. You will see numerous open-source projects that Amazon did not create, but runs as-a-service. These provide Amazon with billions of dollars of revenue per year.

    For example, Amazon takes Redis (the most loved database in StackOverflow’s developer survey), gives very little back, and runs it as a service, re-branded as AWS Elasticache. Many other popular open-source projects including, Elasticsearch, Kafka, Postgres, MySQL, Docker, Hadoop, Spark and more, have similarly been taken and offered as AWS products.

    To be clear, this is not illegal. But we think it is wrong, and not conducive to sustainable open-source communities.

    https://techcrunch.com/2018/09/07/commons-clause-stops-open-source-abuse/

Datacenter/Hardware

  • How Alternative DBs are Disrupting the Conventionals in 2018

    There’s no question that Oracle has been a key reason why AWS has ascended to global IT heights in the first place. However, as AWS has scaled out, it now perceives a need for new-gen data storage inside DBs that are easier to manage, not as expensive to maintain, and more flexible in integrating and moving workloads.

    NoSQL technology offers enterprises flexibility because NoSQL data stores can support structured, unstructured and semi-structured data for different types of business applications. Older SQL databases have issues with scripting languages, such as JSON, for example, and are more limited in scope than the newer ones.

    Forrester has cited MongoDB as the most popular NoSQL database for the last couple of years. The open-source database is “popular among developers because it is easy to use, scales to meet the most demanding applications and offers the most comprehensive ecosystem of tools and partners,” the researcher said.

    http://www.eweek.com/database/how-alternative-dbs-are-disrupting-the-conventionals-in-2018

Other

  • Whole Foods workers seek to unionize, says Amazon is ‘exploiting our dedication’

    In a letter addressed to Whole Foods employees, the group — members of Whole Foods’ cross-regional committee — wrote that they are “concerned about the direction” of Whole Foods in an Amazon era. The letter outlines several demands, including a $15 minimum wage for all employees, 401k matching, paid maternity leave, lower health insurance deductibles and more.

    “We cannot let Amazon remake the entire North American retail landscape without embracing the full value of its team members. The success of Amazon and [Whole Foods] should not come at the cost of exploiting our dedication and threatening our economic stability,” they wrote.

    https://techcrunch.com/2018/09/06/whole-foods-workers-seek-to-unionize-says-amazon-is-exploiting-our-dedication/
    A Trillion Dollars!

  • Amazon Sets Its Sights on the $88 Billion Online Ad Market

    Amazon derives the bulk of its annual revenue, forecast to be $235 billion this year, from its e-commerce business, selling everything from books to lawn furniture. Amazon is also a leader in the cloud computing business, with Amazon Web Services, which accounts for around 11 percent of its revenue but more than half of its operating income. But in the company’s most recent financial results, it was a category labeled “other” that caught the attention of many analysts. It mostly consists of revenue from selling banner, display and keyword search-driven ads known as “sponsored products.” That category surged by about 130 percent to $2.2 billion in the first quarter, compared with the same period in 2017.

    Those numbers are a pittance for Google and Facebook, which make up more than half of the $88 billion digital ad market. But they come with big and troubling implications for those two giants.

    https://www.nytimes.com/2018/09/03/business/media/amazon-digital-ads.html

  • Alibaba’s Jack Ma, China’s Richest Man, to Retire From Company He Co-Founded

    Mr. Ma is retiring as China’s business environment has soured, with Beijing and state-owned enterprises increasingly playing more interventionist roles with companies. Under President Xi Jinping, China’s internet industry has grown and become more important, prompting the government to tighten its leash. The Chinese economy is also facing slowing growth and increasing debt, and the country is embroiled in an escalating trade war with the United States.

    In an interview, Mr. Ma said his retirement is not the end of an era but “the beginning of an era.” He said he would be spending more of his time and fortune focused on education. “I love education,” he said.

    https://www.nytimes.com/2018/09/07/technology/alibaba-jack-ma-retiring.html

News You Can Use: 9/5/2018

The Source: Shrinking Family

  • Amazon becomes world’s second company to be valued at $1tn

    On Tuesday, a rise in the share price of Amazon, which is listed on the Nasdaq stock exchange in the US, briefly took it above the trillion-dollar watermark for the first time.
    **
    Bezos has become the world’s richest man in the process, with a net worth estimated at more than $167bn on Tuesday, according to Forbes.

    Amazon went public at $18 a share in 1997 – on Tuesday those shares hit $2,050, pushing the value of the whole company over $1tn. Amazon ended the day valued at $995bn, just short of its new record.

    https://www.theguardian.com/technology/2018/sep/04/amazon-becomes-worlds-second-1tn-company

  • Why work has failed us: Because it’s making it impossible to start a family

    It now costs $31,000 more (adjusted for inflation) to raise a child from infancy to the age of 18 than it did in 1960. Between 1985 and 2011 alone, the cost of childcare went up by 70%, even though wages barely grew. Given that the cost of food, diapers, transportation, and housing has either gone down or stayed the same, this increase largely comes down to the ballooning cost of paying for other people to look after our children.

    This was the exact same period in which women began entering the workforce in far greater numbers. Between 1962 and 2000, women’s labor force participation increased from 37% to 61%, leading to an estimated $2 trillion in economic gains. But in a disconcerting twist, women’s workforce participation actually started declining between 2000 to 2016, dipping from 60.7% to 57.2%. Pew Research suggests that the rising cost of childcare is likely responsible for the increase in stay-at-home moms over the last decades.

    https://www.fastcompany.com/90223475/american-childcare-is-an-expensive-nightmare-is-it-fixable

  • A mental hack for surviving bad bosses
  • Sheryl Sandberg’s New Job Is to Fix Facebook’s Reputation—and Her Own

    Now, Ms. Sandberg’s mandate is to spend a majority of her time on safety and security vulnerabilities. She formed a SWAT team to do what she and other Facebookers had struggled with when faced with a crisis: bridge the gap between the technical and business sides of the company to act decisively. The new team makes recommendations to the group of Facebook’s top executives that meet every Friday—known internally as the M-team—with Ms. Sandberg running the show, according to a person familiar with the operations. The shift “from reactive to proactive detection is a big change,” Mr. Zuckerberg said in August.

    Many of the changes that are being put in place to clean up the Facebook platform will be expensive and could have an impact on growth, putting a brake on the ad-revenue machine that Ms. Sandberg built. In July, when Facebook reported that a surprise slowdown in revenue growth for the second quarter was likely to continue along with an unexpected increase in costs for security and privacy, investors shaved almost $120 billion in value from the company’s valuation—the biggest one-day loss ever for a U.S.-listed company.

    https://www.wsj.com/articles/sheryl-sandberg-leans-into-a-gale-of-bad-news-at-facebook-1536085230

  • Consider these things before jumping ship with your coworkers

    Furthermore, if you’re generally happy at work and have a bunch of colleagues leaving, that could serve as an opportunity for you to take over some of their responsibilities and prove what a valuable asset you are to the company. Being that person who shows those incoming new hires the ropes can also help you stand out to your employer and perhaps pave the way to a promotion.

    On the other hand, if you’re not necessarily in love with your job and don’t see a compelling reason to stay, you might consider jumping ship along with your colleagues. This especially holds true if your work is collaborative in nature, and you feel that losing those coworkers will substantially impact day-to-day life at the office.

    https://www.fastcompany.com/90228545/consider-these-things-before-jumping-ship-with-your-coworkers

Supplier Report: 8/3/2018

Joey Lombardi: Apple hits a trillion

Apple crossed over the line to become a TRILLION dollar company. Will they stay at level or dip down? When will Microsoft or Amazon join them in the Trillion Dollar Club?

Google is rumored to be creating a censored search engine for China. Upon the news being released, several Google employees expressed their disdain for the project.

With Jan Koum gone, Facebook is finally monetizing WhatsApp. Will the platform continue to thrive under Facebook or fail due to competition from Signal and other messaging clients?

Acquisitions

  • GE Puts Digital Assets on the Block

    The Boston-based company has hired an investment bank to run an auction for the operations, which produced $500 million or more in revenue last year and lost money, according to people familiar with the matter.

    Though proceeds of a sale aren’t expected to mean much for a company with a market value of more than $100 billion, the move to unload the operations is symbolic of a dramatic reversal of fortune at GE, which has stumbled badly after a series of missteps.

    https://www.wsj.com/articles/ge-puts-digital-assets-on-the-block-1532972822?ns=prod/accounts-wsj

  • Cisco is buying Duo Security for $2.35B in cash

    Duo Security was founded in 2010 by Dug Song and Jonathan Oberheide and went on to raise $121.M through several rounds of funding. The company has 700 employees with offices throughout the United States and in London, though the company has remained headquartered in Ann Arbor.

    Co-founder and CEO Dug Song will continue leading Duo as its General Manager and will join Cisco’s Networking and Security business led by EVP and GM David Goeckeler. Cisco in a statement said they value Michigan’s “resources, rich talent pool, and infrastructure,” and remain committed to Duo’s investment and presence in the Great Lakes State.

    https://techcrunch.com/2018/08/02/cisco-is-buying-duo-security-for-2-35b-in-cash/

  • Logitech is buying Blue Microphones

    Logitech today announced its intention to acquire Blue Microphones, the hardware company behind popular podcasting microphones like the Yeti and Snowball. It’s a pretty logical acquisition, as far as these things go — Logitech already operates in the audio space, with speakers and gaming headsets.

    The acquisition of Blue would add an important dimension to that category and help the company take on a rapidly expanding space. Blue’s best known products aren’t high-end, exactly, but they’ve become the go-to choice for upstart podcasters looking to get in on the ground floor in the medium.

    https://techcrunch.com/2018/07/30/logitech-is-buying-blue-microphones/

  • DocuSign acquires SpringCM for $220M to continue evolution beyond electronic signatures

    DocuSign says the acquisition will help its growth beyond its bread and butter work in electronic signatures to modernizing what it calls the System of Agreement. That includes everything from preparing, signing, executing, and managing agreements.

    “DocuSign pioneered the e-signature category, and has built a strong SaaS business around that capability. We’ve also started to offer solutions that connect and automate the entire agreement lifecycle,” DocuSign CEO Dan Springer said in a statement. “We’ve done this with Spring CM as a partner across hundreds of joint commercial and enterprise customers. And we have many more DocuSign customers asking us to provide these capabilities natively as part of our platform. That’s why we believe today’s announcement makes such great business sense.”

    https://www.geekwire.com/2018/docusign-acquires-springcm-220m-continue-evolution-beyond-electronic-signatures/

Artificial Intelligence

  • ‘The discourse is unhinged’: how the media gets AI alarmingly wrong

    According to Lipton, in recent years broader interest in topics like “machine learning” and “deep learning” has led to a deluge of this type of opportunistic journalism, which misrepresents research for the purpose of generating retweets and clicks – he calls it the “AI misinformation epidemic”. A growing number of researchers working in the field share Lipton’s frustration, and worry that the inaccurate and speculative stories about AI, like the Facebook story, will create unrealistic expectations for the field, which could ultimately threaten future progress and the responsible application of new technologies.

    Exaggerated claims in the press about the intelligence of computers is not unique to our time, and in fact goes back to the very origins of computing itself.

    https://www.theguardian.com/technology/2018/jul/25/ai-artificial-intelligence-social-media-bots-wrong

Software/SaaS

  • Facebook is making its first serious move to monetize WhatsApp

    WhatsApp has rolled out three new ways for customers to connect quickly with businesses: a shortcut button to immediately start a conversation, the ability to have businesses send you information like a boarding pass on WhatsApp, and real-time support, the company said today.

    At the same time, Facebook will now display ads of businesses that link out to WhatsApp. That means that businesses can purchase ads that lead people directly to an already loaded chat with the business on WhatsApp, and they can start talking from there. Businesses can respond to customers for free if they answer within 24 hours but Facebook will charge them for any response after 24 hours. It looks to be another way for Facebook to cash in on its many apps.

    https://www.theverge.com/2018/8/1/17636418/facebook-whatsapp-ads-monetize

  • Amazon reportedly plans to end its reliance on Oracle — but Oracle says Amazon bought $60 million of its tech just a year ago

    “We don’t believe that Amazon Web Services has any database technology that comes close to the capabilities of the Oracle database. That’s why our biggest competitors like Salesforce.com, SAP, and Amazon continue to rely on the Oracle database to run their business,” she said.

    The conflict between Amazon and Oracle has intensified in recent years: Amazon Web Services, the largest player in the cloud market, is attacking Oracle’s core business with tools designed to steal customers away. Oracle, for its part, has made the cloud a big strategic focus for the company, as it works to get a leg up on Amazon.

    https://www.businessinsider.com/amazon-oracle-databases-reliance-2018-8

Other

  • Google Plans to Launch Censored Search Engine in China, Leaked Documents Reveal

    The project – code-named Dragonfly – has been underway since spring of last year, and accelerated following a December 2017 meeting between Google’s CEO Sundar Pichai and a top Chinese government official, according to internal Google documents and people familiar with the plans.

    Teams of programmers and engineers at Google have created a custom Android app, different versions of which have been named “Maotai” and “Longfei.” The app has already been demonstrated to the Chinese government; the finalized version could be launched in the next six to nine months, pending approval from Chinese officials.

    https://theintercept.com/2018/08/01/google-china-search-engine-censorship/

  • Apple is now a $1 trillion company

    Apple hit the $1 trillion mark early this morning when its stock crossed $207.05 per share at 11:48am ET (the stock has since dropped back down slightly). Given the volatile nature of the market, however, it’s possible Apple may not stay a $1 trillion company for very long, or it could bounce back and forth over the $1 trillion mark in the coming days. It technically also isn’t the first to hit $1 trillion, either — PetroChina briefly reached $1 trillion back in 2007, although the stock soon fell below that mark.

    https://www.theverge.com/2018/8/2/17638764/apple-worlds-first-1-trillion-company-market-cap-stock-price
    Joey Lombardi: Apple hits a trillion

Photo: Ronaldo De Oliveira

News You Can Use: 8/1/2018

The Source: A New Y2K? Joey Lombardi

  • Tesla asked suppliers for money back to boost profitability

    In a memo sent to several suppliers requesting money back, Tesla said the cash back would be necessary for Tesla’s “continued operation” and that it was an investment in “long-term growth.”

    Of course, this news won’t make Tesla investors happy. If a company needs to request money back from its supplier to achieve profitability, that doesn’t seem like a sustainable business model. That’s not to mention that it is sure to make future suppliers leery of working with Tesla. As one manufacturing consultant who isn’t involved with Tesla told the WSJ: “It’s simply ludicrous and it just shows that Tesla is desperate right now. They’re worried about their profitability but they don’t care about their suppliers’ profitability.”

    https://www.fastcompany.com/90206411/tesla-asked-suppliers-for-money-back-to-boost-profitability

  • You Need a Strategy If You Hope to Keep Your High Performers

    High performers are put on the hardest projects — over and over again. You know they can deliver and really, it’s only logical to put your best people on the most important projects. But when top employees are under constant pressure while also being asked to help out with smaller ad hoc tasks that aren’t related to their work, these demands can be a fast track to burnout. Communicating with your high performers and taking the time to rein in some of these additional projects and requests will not only show your top performer that you are a source of support who values their time, but it’ll also clear their desk to work on the projects that really matter.

    https://www.entrepreneur.com/article/316963

  • John Oliver Calls Facebook ‘History’s Most Profitable Data-Harvesting Machine’ – NSFW
  • Big tech warns of ‘Japan’s millennium bug’ ahead of Akihito’s abdication

    The Japanese calendar counts up from the coronation of a new emperor, using not the name of the emperor, but the name of the era they herald. Akihito’s coronation in January 1989 marked the beginning of the Heisei era, and the end of the Shōwa era that preceded him; and Naruhito’s coronation will itself mark another new era.

    But that brings problems. For one, Akihito has been on the throne for almost the entirety of the information age, meaning that many systems have never had to deal with a switchover in era. For another, the official name of Naruhito’s era has yet to be announced, causing concern for , calendar printers and international standards bodies.

    It’s why some are calling it “Japan’s problem”.

    https://www.theguardian.com/technology/2018/jul/25/big-tech-warns-japan-millennium-bug-y2k-emperor-akihito-abdication

  • Forbes suggested Amazon should replace libraries, and people aren’t having it

    A Forbes contributor wrote a short piece titled “Amazon Should Replace Local Libraries to Save Taxpayers Money,” arguing that libraries should be shuttered in return for Amazon opening bookstores in local communities. At the gist of the writer’s argument is that Starbucks has replaced libraries as a friendly place to go and read and streaming services like Amazon Prime Video have replaced video rentals, which many local libraries had provided.

    https://www.fastcompany.com/90206403/forbes-suggested-amazon-should-replace-libraries-and-people-arent-having-it

Photo by Roberto Nickson (@g) on Unsplash