Planning on getting pregnant? Buying a home? Trying to diet successfully? If so, and if you're using an app on your smartphone to help you manage the process, chances are Facebook is fully aware of it all. The Wall Street Journal has investigated some of the most popular apps and found that many of them were sending customers' information directly to Facebook without their knowledge. Some, but not all, of the Apps stopped sharing information with Facebook after the Journal contacted them about such behavior, but the investigation only surveyed 70 out of the millions of apps that exist. Sam … [Read more...]
Europe Takes Aim at America’s Big Tech Companies with Copyright Demands
European Union countries have backed a new set of regulations to force Google, Facebook, and other big online companies to pay content creators like artists, new agencies, and broadcasters for their output. That would even include the snippets of stories posted online in services like Google News. Reuters' Foo Yun Chee reports from Bussels: The revamp would require Google and other online platforms to sign licensing agreements with rights holders such as musicians, performers, authors, news publishers and journalists to use their work online. Google’s YouTube and Facebook’s Instagram and … [Read more...]
Germany Doesn’t Like Facebook’s Data Collection
Germany has begun a crackdown on internet companies by telling Facebook it may no longer collect data about users across the internet without their consent. The move is a direct hit to Facebook's business model. Sam Schechner and Sara Germano report for The Wall Street Journal: Germany ordered Facebook FB -0.70% to stop combining data it collects about users’ activities across the internet without their consent, a novel application of competition law that strikes at a cornerstone of the social-media giant’s business model. In a decision issued Thursday, Germany’s Federal Cartel Office, the … [Read more...]
How High Can Cloud Computing Soar?
Despite predictions of difficulty for cloud computing, the business continues to perform well. Bloomberg reports that despite uncertainty over the market for cloud computing solutions, investors have been rewarded for their faith in the business. Matt Day and Jeran Wittenstein write: Earnings reports from the biggest providers of internet-based computing services – Amazon.com Inc., Microsoft Corp., and Alphabet Inc.’s Google – showed that these companies are grabbing a larger share of business technology spending, defying warnings from some of their suppliers that a hot corner of the industry … [Read more...]
Can Tech Unicorns Cash Out before the Bubble Bursts?
In a piece in the Financial Times, Rana Foroohar discusses today's tech valuations, and whether or not companies thinking about IPOs can cash out before the next bubble bursts in the tech sector. Foroohar explains the messy dynamics of tech investing today, and how that is hurting the sector's prospects. She writes: There were many disconnects between last week’s World Economic Forum and the real world. One of the most notable was the techno-optimism displayed by many participants, which was in sharp contrast to what the markets themselves are expecting from the technology sector this … [Read more...]
Home Health Devices are Hot
Home health care devices are hot. This year's consumer electronics show is packed with home health devices including a wrist band that checks your blood pressure and an band to track a baby's heart beat in-utero. “A lot of these companies are moving full steam ahead in terms of collecting data and using it to help the personalization of the customer,” said Anshel Sag, an analyst with Moor Insights & Strategy. “I just got an email about a bladder monitor.” Helping to drive this shift in the market are both the improvement in sensor accuracy, which increases a company’s likelihood of … [Read more...]
IBM Beats the World to the First Standalone Quantum Computer
The race for quantum computing dominance is ongoing around the world, but IBM has beaten competitors everywhere by building the first standalone quantum computer. Quantum computing promises untold advancements in computing power, and leaders in the market could fundamentally change computing forever. Richard Waters reports in the Financial Times on IBM's achievement, writing: IBM has built the first standalone quantum computer, packing some of the world’s most advanced science into a 9ft glass cube. But so far there is only one — and while IBM does not rule out one day selling such … [Read more...]
Apple Shares Clubbed Again
Apple shares were clubbed again yesterday after the company lowered revenue guidance for the upcoming quarter. The stock lost 10% yesterday—the biggest single day drop in six years. The shares are down 38% from their high last year, translating into a $450 billion loss in market value. Apple pointed the finger at China, but there is more to the story than the weakening of Asia’s biggest economy. A saturated smartphone market, missteps in select emerging markets, and a major mistake on pricing are all parts of Apple's problem. We have long harbored doubts about Apple’s ability to sustain … [Read more...]
Will China’s Downturn Take Apple with It?
Weak performance in China has forced Apple to lower its quarterly revenue guidance for the first time in 15 years. Pricing pressures from competitors like Huawei, and broader economic problems in China could be to blame. I've noted before that Apple's pricing has cost the company heavily in India, and the same issues could be at the heart of its problems in China. Earlier this year there was some warning for investors that Apple was having trouble selling its phones when the company inexplicably ceased reporting unit sales of its products. On the latest troubles for Apple in China, Robert … [Read more...]
Can Facebook Survive Accountability?
This week Krista Gmelich and Sarah Frier reported for Bloomberg that Facebook "said a software bug gave outside developers broader access to the photos of millions of users, another privacy misstep by the world’s largest social network." The question is, how can a company that makes its money by selling access to its users' data remain profitable if rising calls for accountability over privacy force it to alter its business model? Is there a path forward for Facebook? The reporters continue: As many as 6.8 million users and up to 1,500 apps were involved, according to a blog the company … [Read more...]
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