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Posts Tagged ‘Facebook’

At Google’s Parent Alphabet, Median Pay Nears $200,000

Posted by hkarner - 29. April 2018

Date: 28-04-2018
Source: The Wall Street Journal

It is the fourth-highest among S&P 500 companies that have disclosed figures, but 18% less than at Facebook

The relatively high pay at Google parent Alphabet and at Facebook is a sign of the talent war in Silicon Valley. Here, Google’s headquarters in Mountain View, Calif.

Google parent Alphabet Inc. said its workers earned a median pay package of more than $197,000 last year, the fourth-highest pay among the hundreds of companies in the S&P 500 index that have disclosed those figures.

Alphabet’s median pay was about 18% lower than at rival internet giant Facebook Inc.,  where employees earned a median salary of $240,000.

The relatively high pay at two of the world’s biggest tech firms is a sign of the talent war in Silicon Valley, where talented engineers are in limited supply. Their pay numbers far surpassed most of the 379 companies in the S&P 500 that had disclosed compensation figures through Friday afternoon. The median figure among that group was $69,205. Den Rest des Beitrags lesen »

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Facebook and the Future of Online Privacy

Posted by hkarner - 13. April 2018

Jeffrey D. Sachs, Professor of Sustainable Development and Professor of Health Policy and Management at Columbia University, is Director of Columbia’s Center for Sustainable Development and of the UN Sustainable Development Solutions Network. His books include The End of Poverty, Common Wealth, The Age of Sustainable Development, and, most recently, Building the New American Economy.

The EU has taken the lead in responding to abuse by the likes of Facebook, thanks to its new privacy standards and proposed greater taxation of peddlers of online personal data. Yet more is needed and feasible.

NEW YORK – Chris Hughes, a co-founder of Facebook, recently noted that the public scrutiny of Facebook is “very much overdue,” declaring that “it’s shocking to me that they didn’t have to answer more of these questions earlier on.” Leaders in the information technology sector, especially in Europe, have been warning of the abuses by Facebook (and other portals) for years. Their insights and practical recommendations are especially urgent now.

Facebook CEO Mark Zuckerberg’s testimony before the US Senate did little to shore up public confidence in a company that traffics in its users’ personal data. The most telling moment of testimony came when Illinois Senator Richard Durbin asked whether Zuckerberg would be comfortable sharing the name of his hotel and the people he had messaged that week, exactly the kind of data tracked and used by Facebook. Zuckerberg replied that he would not be comfortable providing the information. “I think that may be what this is all about,” Durbin said. “Your right to privacy.“ Den Rest des Beitrags lesen »

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Zuckerberg Says He Made ‘Huge Mistake’ Not Focusing on Potential Abuse

Posted by hkarner - 5. April 2018

Date: 05-04-2018
Source: The Wall Street Journal

Facebook chief says he was ‘too flippant’ about the threat of fake news

Mark Zuckerberg.  On Wednesday he called Facebook ‘an idealistic and optimistic company’ that ‘didn’t focus enough on preventing abuse.’

Facebook Inc. Chief Executive Officer Mark Zuckerberg said he made a “huge mistake” in not focusing more on potential abuse, as he and the social-media giant he founded continue to battle concerns about privacy and trust.

Mr. Zuckerberg’s most direct mea culpa to date came on the same day Facebook announced that data from as many as 87 million of its users may have been improperly shared with an analytics firm tied to the 2016 campaign of President Donald Trump, a larger number than had been previously reported.

The disclosure comes as the company is stepping up its efforts to repair trust with regulators and the public in the wake of several controversies tied to the election. Mr. Zuckerberg’s remarks, made in a conference call with reporters, served as a trial run of sorts for his testimony on Capitol Hill next Wednesday, where the 33-year-old billionaire is expected to be grilled on how the company handles data related to its 1.4 billion daily users, globally. Den Rest des Beitrags lesen »

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What Zuckerberg should do

Posted by hkarner - 23. März 2018

Date: 22-03-2018
Source: The Economist

Facebook faces a reputational meltdown
This is how it, and the wider industry, should respond

LAST year the idea took hold that Mark Zuckerberg might run for president in 2020 and seek to lead the world’s most powerful country. Today, Facebook’s founder is fighting to show that he is capable of leading the world’s eighth-biggest listed company or that any of its 2.1bn users should trust it.

News that Cambridge Analytica (CA), a firm linked to President Donald Trump’s 2016 campaign, got data on 50m Facebook users in dubious, possibly illegal, ways has lit a firestorm. Mr Zuckerberg took five days to reply and, when he did, he conceded that Facebook had let its users down in the past but seemed not to have grasped that its business faces a wider crisis of confidence. After months of talk about propaganda and fake news, politicians in Europe and, increasingly, America see Facebook as out of control and in denial. Congress wants him to testify. Expect a roasting.

Since the news, spooked investors have wiped 9% off Facebook’s shares. Consumers are belatedly waking up to the dangers of handing over data to tech giants that are run like black boxes. Already, according to the Pew Research Centre, a think-tank, a majority of Americans say they distrust social-media firms. Mr Zuckerberg and his industry need to change, fast. Den Rest des Beitrags lesen »

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The Business Case for a Data Refinery

Posted by hkarner - 7. März 2018

Date: 06-03-2018
Source: Scientific American

Crude data is similar to crude oil—in its raw form, it’s usually too messy to be useful

The Business Case for a Data Refinery

The Economist has proclaimed that data is „the oil of the digital era.” Data will be for the 21st century what oil was for the 20th century—an enabler of new technologies, new products and new businesses. Data will be a focal point around which the economy, society and politics will organize. It is the clean new resource of the future, with undiscovered potential.

But, turning oil into something valuable has always been a complex process. Oil is crude when it comes out of the ground and needs to be cracked at a refinery to turn it into something useful.

Data is similar. In its raw form, it’s usually too big, too messy, and lacks structure. To solve this problem, imagine the concept of a “data refinery”— a software platform that pulls in huge datasets, finds patterns in that data and makes predictions. The data refinery is the missing link between gathering data and extracting value from it. Den Rest des Beitrags lesen »

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The Race Is on for the First $1 Trillion U.S. Company

Posted by hkarner - 27. Januar 2018

Date: 26-01-2018
Source: The Wall Street Journal

Some Wall Street analysts are betting it won’t be too much longer before there’s a trillion dollar company in the U.S. stock market.

The S&P 500 technology sector is up 39% over the last 12 months, including a benchmark-beating 7.6% rise to start 2018. Some of the technology-focused titans, which are among the biggest companies in the S&P 500 by market cap, are up even more, spurred by expectations of growing market share and profits. Amazon.com has risen 17%, Alphabet is up 12%, and Microsoft has climbed 8.4%.

If the stock market keeps rising at its current pace, it won’t take long for Apple, Alphabet, or Microsoft to obtain a trillion market value, something that’s never before happened in the U.S. Depending on how you calculate it, it could also be the world’s first public trillion-dollar firm.

Conversely, after the sharp gains in tech stocks, some investors are calling for a pullback or sharp decline, which could put up a roadblock to the trillion-dollar valuation. Den Rest des Beitrags lesen »

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How to tame the tech titans

Posted by hkarner - 20. Januar 2018

Date: 18-01-2018
Source: The Economist

The dominance of Google, Facebook and Amazon is bad for consumers and competition

NOT long ago, being the boss of a big Western tech firm was a dream job. As the billions rolled in, so did the plaudits: Google, Facebook, Amazon and others were making the world a better place. Today these companies are accused of being BAADD—big, anti-competitive, addictive and destructive to democracy. Regulators fine them, politicians grill them and one-time backers warn of their power to cause harm.

Much of this techlash is misguided. The presumption that big businesses must necessarily be wicked is plain wrong. Apple is to be admired as the world’s most valuable listed company for the simple reason that it makes things people want to buy, even while facing fierce competition. Many online services would be worse if their providers were smaller. Evidence for the link between smartphones and unhappiness is weak. Fake news is not only an online phenomenon. Den Rest des Beitrags lesen »

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Nasdaq Crests 7000 as Tech Giants Roar Into 2018

Posted by hkarner - 4. Januar 2018

Date: 03-01-2018
Source: The Wall Street Journal

Tech-focused index jumped 28% in 2017, beating the Dow Jones Industrial Average’s 25% gain and S&P 500’s 19% rise

Stretching
Companies in the Nasdaq are trading at the highest multiples of their last 12months of earnings since 2004.

The Nasdaq Composite closed above 7000 for the first time Tuesday after racing to a fresh 1,000-point milestone in just over eight months—a pace not seen since the heights of the technology boom.

Many global stock indexes have hit records or multiyear highs in recent months, lifted by signs of a pickup in economic expansion around the world.

The Nasdaq has risen faster than other major U.S. indexes over the past year as investors, frustrated with low interest rates and tepid global growth, bet on the prospects of large technology companies such as Apple Inc., Google parent Alphabet Inc. and Microsoft Corp., all of which are heavily weighted in the index.

Those three companies, along with fellow heavyweights Amazon.com Inc. and Facebook Inc., collectively contributed more than two-thirds of the points that carried the Nasdaq from one 1000-point milestone to another, according to stock-market research firm Birinyi Associates.

Such bets helped the Nasdaq jump 28% in 2017, beating the Dow Jones Industrial Average’s 25% gain and S&P 500’s 19% rise. The only two times the Nasdaq has passed 1,000-point milestones faster were the 38 trading sessions the index took to advance to 4000 in 1999 and the 49 sessions it needed to top 5000 in 2000—shortly before the dot-com bust. Den Rest des Beitrags lesen »

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Soziale Netzwerke: Facebook zerstört die Demokratie

Posted by hkarner - 26. Dezember 2017

Date: 26-12-2017
Source: DIE ZEIT Interview: John F. Jungclaussen

NIALL FERGUSON
Der Historiker Niall Ferguson lehrte in Harvard und ist nun Senior Fellow der Hoover Institution an der Stanford University. In seinem neuen Buch The Square and the Tower analysiert er die Geschichte sozialer Netzwerke

Die ungebrochene Macht sozialer Netzwerke ist gefährlich, sagt Niall Ferguson. Der renommierte Historiker sieht nur einen Ausweg.

Soziale Netzwerke: Der öffentliche Raum ein gigantischer Anzeigenmarkt ?

DIE ZEIT: Professor Ferguson, alle Welt redet von Netzwerken, Sie auch. Warum eigentlich?

Niall Ferguson: Wenn wir von Netzwerken reden, erliegen wir leicht einer Art technologischem Determinismus, weil wir glauben, dass mit dem Internet etwas ganz Einmaliges entstanden ist. In Wahrheit gibt es soziale Netzwerke natürlich seit Menschengedenken. Nehmen Sie nur das Christentum oder den Islam, das sind riesige Netzwerke. Da sind Ideen „viral gegangen“, wie man heute sagt, und haben sich ohne jegliche Technologie über riesige Distanzen verbreitet. Neu ist heute nur, dass unsere Netzwerke viel größer und schneller sind als je zuvor. Den Rest des Beitrags lesen »

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„Noch nie war ein Unternehmen so dominant wie Amazon“

Posted by hkarner - 26. November 2017

InterviewAndrás Szigetvari, 25. November 2017, 08:00 derstandard.at

Für die Gesellschaft sei Innovation wichtiger als alles andere, sagt Autor Scott Galloway. Darum konnten die US-Technologiefirmen so viel Einfluss erlangen

Seitdem Scott Galloways Buch* über Amazon, Apple, Facebook und Google erschienen ist, avancierte er zum Medienstar. Galloway, Professor für Marketing in New York und selbst Gründer mehrerer Unternehmen, argumentiert, dass die vier dominanten US-Technologiekonzerne zu viel politische und wirtschaftliche Macht besitzen. Durch die Ermittlungen in den USA wegen russischer Manipulationen im Präsidentschaftswahlkampf via Facebook, Twitter und Google, ist das öffentliche Interesse für das Thema in Übersee immens gestiegen.

STANDARD: Herr Galloway, was bereitet Ihnen an Amazon, Facebook, Apple und Google Unbehagen?

Galloway: Es ist schwer zu argumentieren, dass die Vier nicht tolle Dinge leisten: Wir alle lieben per Mausklick auf Amazon einzukaufen und jederzeit mit unseren Freunden über Facebook plaudern zu können. Aber zugleich haben diese Unternehmen eine Reihe von Eigenschaften, die uns allen Sorgen bereiten sollten. Zunächst einmal vermeiden sie es sehr effektiv, Steuern zu zahlen. Sie brauchen auch deutlich weniger Arbeitnehmer als ihre Mitbewerber. Das ist an sich nichts Neues. Es gab in der Wirtschaftsgeschichte immer wieder Konzerne, die durch den Einsatz neuer Technologien Arbeitsplätze vernichtet haben. Dabei war aber noch nie jemand so effizient wie Amazon, Google, Facebook und Apple. Regierungen haben nun zudem die Möglichkeit diese Plattformen zu Waffen zu machen. Es steht fest, dass der russische Geheimdienst Facebook und Google benutzt hat, um die US-Demokratie während der Präsidentschaftswahlen zu unterwandern. Den Rest des Beitrags lesen »

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