Yahoo! is turning out to be the largest hack in hictory

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The Yahoo! is turning out to be the largest hack in history.

Yahoo! told the world about the hack of 500 million email accounts two years after it happened – and just after Verizon agreed to buy them.

Verizon has every right to demand a reduction in the price of Yahoo!.

If Yahoo! Accept a one billion dollar discount, that will mean it will sell for around $4billion, which is a fraction of Yahoo’s worth in 2006.

Still, CEO Marissa Mayer will walk away with a pay off of one quarter of a billion dollars.

Not bad for running a company into the ground.

 

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Of all the major digital players, whose stock should you buy right now? Netflix

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Of all the major digital players, whose stock should you buy right now?

Netflix.

By 2020, Netflix revenue is expecting to quintuple to $11bn .with a subscriber base of 60million in the US.

To have a shot at being a a company worth £300bn (Like Amazon, Google, Facebook and Apple) you need a few other things and Netflix has them all.

Namely:

A great CEO

Visionary capital

Category defining operating system

Be perceived as a good citizen

Be a bicycle ride away from a major engineering university

Vertical distribution

 

Buy Netflix!

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Facebook video ads don’t sell? They’re not supposed to, says Facebook CEO Sheryl Sandberg

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Facebook wants to push the ad buying community to de-emphasize measures like impressions, likes and clicks and focus on “metrics that actually matter to driving business outcomes.”

“There is very universal agreement that the industry needs to evolve to metrics that actually matter,” said a spokesperson recently.

So, the group of digital media companies that have spent the past year or so building large video audiences on Facebook in the hopes they will soon be able to make money off that traffic through ads will be left wanting.

Facebook CEO Sheryl Sandberg said right now the company is focused on ramping up its consumer video audience, not its video ad business.

“Monetization for video is not the biggest focus for now,” she told the Wall Street Journal.

Lean in to that, advertisers!

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Facebook board member Peter Thiel just donated $1m to the campaign of self-declared sexual predator Donald Trump

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Venture capitalist Peter Thiel made a last-minute donation of more than $1 million to the Donald Trump presidential campaign.

Thiel, you will recall, is the man who funded Hulk Hogan’s action against Gawker as an act of revenge, after the gossip site outed him as gay. Gawker was shuttered as a result of Thiel’s legal case.

Thiel, who sits on the board of Facebook and celebrated Silicon Valley incubator Y Combinator  has in the past admitted he thinks democracy is overrated.

His decision to bank0roll Trump, a self-declared sexual predator, has sparked debate in Silicon Valley.

One critic tweeted: “Women applying to YCombinator, take a good look at their principled stand against a partner who supports a sexual predator.”

The fact that Thiel remains on the board at Facebook meanwhile seems a direct threat to Facebook’s mission statement.

“Founded in 2004, Facebook’s mission is to give people the power to share and make the world more open and connected. People use Facebook to stay connected with friends and family, to discover what’s going on in the world, and to share and express what matters to them.”

In June, Facebook founder Mark Zuckerberg voted to keep Thiel on his company’s board, despite Thiel’s funding of a lawsuit that destroyed Gawker Media.

The Trump presidential campaign has endorsed banning Muslims, building a wall on the border with Mexico, and more recently locking up political opponents and threatening journalists.

Thiel’s support of Trump excludes him from any business that was serious about diversity.

As one critics wrote: “Let no person who claims to give a damn about diversity and inclusion in one breath even begin to support & apologize for Thiel in another.”

Note to Facebook: lean in to this. 

 

 

 

 

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Snapchat is not a social media platform, it’s a camera company says boss

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Snapchat is not an app. It’s a camera company.

So says chief strategy officer Imran Khan.

That’s what he told advertisers last week.

He believes that reinventing the camera is Snap Inc’s greatest opportunity. That’s why Snap Inc has just released a hardware product called “spectacles.”

Spectacles let users “snap” with a push of a button.

The price tag is 10% that of predecessor Google Glass (Snap’s spectacles cost $130, while Glass cost an eye-watering $1500.)

The last 24 months have been a constant march of innovation from Snap Inc. Here’s how their launches went:

July 2014: Geofilters

January 2015: Discover

September 2015: Lenses

March 2016: Chat

July 2016: Memories

Will Spectacles prove profitable? Perhaps. But let’s sound one note of caution: one reason that Google Glass failed to take off was that many people found it socially unacceptable to use the glasses to browse online  while talking to people.Put simply you looked like a creep.

As far as consumers were concerned, Google Glass were the answer to a question no-one was asking.

Perhaps Spectacles will be different and people won’t mind being unknowingly photographed.

This is certainly not Snap’s first hardware product. It has also released an ice tray, a backpack, playing cards, a plushie, and a beach towel.

Maybe this one will stick.

One also has to wonder why Snapchat are so keen NOT to be seen as social network, given how popular they have been in that sphere.

Is it because they can’t make any money that way?

 

 

 

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6% of Leavers regret their Brexit vote. Do the math

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Triumphant Brexiteers have told those who voted to stay in the EU to stop “whinging”, reports The Economist.

The victory for Leave was slim, but it was a victory.

Yet those who opted for Brexit have stronger feelings of remorse about their vote: 6% of Leavers now regret their choice, but just 1% of Remainers do.

And 4% of Leavers, and 1% of Remainers, are now undecided.

That is enough to have flipped the result to a win for Remain.

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Amazon is to open grocery outlets in America

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Amazon is to open grocery outlets in America.

The online shopping giant will also open drive-in pick-up points for orders made over the internet.

The new stores will be solely for customers of Amazon’s Fresh subscription service, which offers same-day grocery deliveries. The hope is that they will buy higher-value items too.

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Investor sues Theranos for lying to attract investment

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One of Theranos Inc.’s biggest financial backers has sued the embattled startup and its founder for allegedly lying to attract its nearly $100 million investment.

According to a letter from Partner Fund Management LP, a San Francisco-based hedge fund,, Theranos, its founder Elizabeth Holmes and a former executive deceived the hedge fund by claiming it had developed “proprietary technologies that worked,” and was close to getting regulatory approvals.

Theranos has voided tens of thousands of test results, faces federal civil and criminal investigations, and is appealing a regulator’s revocation of its blood-testing license at a California lab. The company has said it is cooperating with the investigations and is continuing to work with regulators.

Last week the company abruptly shut down its remaining testing operations in Arizona.

 

 

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