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Good news: Cheap gold, suddenly such a big fall in one day
By: Unknown on April 18, 2018 / comment : 0 Business, Economy, Trending
Pound Sterling Slips on Wages Disappointment Even as UK Unemployment Falls to Fresh 42 Year Low
By: Unknown on April 17, 2018 / comment : 0 Business, Economy, Trending
200 million eggs recalled after nearly two dozen were sickened with salmonella, officials say
By: Unknown on April 15, 2018 / comment : 0 Business, Economy, Trending
China’s Youngest Female Billionaire Selling Sydney Pad for A$18 Million
By: Unknown on April 15, 2018 / comment : 0 Business, Economy, Trending
Caravan of migrants climbs freight train for the next leg of the journey
By: Unknown on April 15, 2018 / comment : 0 Business, Economy, Trending
Vivo V9 vs Oppo F7 vs Moto G6 Plus: Price in India, Specifications, Features compared
By: Unknown on April 14, 2018 / comment : 0 Business, Tech News, Trending
Bitcoin is a bubble and a perfect example of ‘faddish human behavior,’ says Robert Shiller
By: Unknown on April 13, 2018 / comment : 0 Business, Economy, Trending
Mark Zuckerberg was ready to pounce on Apple's data practices at Senate hearing
By: Unknown on April 10, 2018 / comment : 0 Business, Tech News, Trending
Following today's testimony, a photo showing two pages of Zuckerberg's printed notes circulated around the web, revealing the CEO was prepared to delve into areas that went untouched during the hearing. Notably, the Facebook chief was ready to defend Facebook's business model in light of disparaging statements made by Apple CEO Tim Cook last month.
The first entry in a section titled "Tim Cook on biz model," apparently prepared in case Cook's comments were broached, Zuckerberg first refers to a quote from Amazon founder Jeff Bezos. An abridged version of Bezos' remarks, made in reference to a recent Amazon Kindle release, the notes read, "Companies that work hard to charge you more and companies that work hard to charge you less." The missive is an apparent defense of Facebook's revenue model, which goes against the grain of traditional payments for products and services. Zuckerberg recited the same passage to Vox in an interview earlier this month.
"At [Facebook] we try hard to charge you less. In fact, we're free," Zuckerberg's notes read.
Comparing Facebook to Apple, which often touts itself as a bastion of user privacy and data security, Zuckerberg's notes say the two companies' policies are "similar." He relates installing an app on iPhone to users logging into Facebook — both request access to certain information that can, in some cases, be sensitive.
Zuckerberg also claims there are "lots of stories about apps misusing Apple data," though he never sees the company inform its customers of such events. It is "important you hold everyone to the same standard," Zuckerberg concludes.
Business Insider reported on Cook's inclusion in Zuckerberg's notes earlier today.
At the China Development Forum in March, Cook responded to questions concerning Facebook's fiasco with Cambridge Analytica, a political data consulting firm that gained unauthorized access to the personal data of some 87 million users. Cambridge Analytica provides advertisement targeting services, which could have been used to sway the political sentiment of American voters prior to last year's presidential election.
As in past statements concerning free-to-use services, Cook inferred Facebook's advertising-based model makes customers the product. He echoed those sentiments in an interview aired on MSNBC last week.
"The truth is, we could make a ton of money if we monetized our customer — if our customer was our product," Cook said. "We've elected not to do that."
For the most part, Cook declined to address Cambridge Analytica directly and instead offered broad statements on the larger issue of data privacy. As for government oversight, Cook said the "best regulation is no regulation," but conceded recent events warrant a stricter approach.
When asked how he would handle Facebook's problems, Cook said he "wouldn't be in this situation." Zuckerberg later called the argument and Cook's statements "glib."
Zuckerberg is set to conclude his visit to Capitol Hill on Wednesday with a second day of testimony in front of the Senate Commerce and Judiciary committees. Facing a specter of new legislation that would regulate how tech companies handle user data, the Facebook CEO apologized to Senators for mismanagement that led to the Cambridge Analytica scandal and promised steps are being taken to enhance user privacy.
New Security Launched By Google Chrome
By: Unknown on April 03, 2018 / comment : 0 Business, Tech News, Trending
Drones Used To Smuggle $80 Million Worth Of iPhones
By: Unknown on April 02, 2018 / comment : 0 Business, Economy, Tech News
Samsung Galaxy A6 & A6+ Make their FCC stop
By: Unknown on April 02, 2018 / comment : 0 Business, Economy, Tech News
Facebook Will Crack Down On Unwanted Ad Targeting
By: Unknown on April 02, 2018 / comment : 0 Business, Tech News, Trending
Samsung Unveils 8th Gen Intel Core Notebook 5 & 3
By: Unknown on April 02, 2018 / comment : 0 Business, Tech News, Trending
Kodi Drops Support For All Platforms Except Xbox One
By: Unknown on April 02, 2018 / comment : 0 Business, Games, Tech News, Trending
Best Electric SUVs
By: Unknown on April 02, 2018 / comment : 0 Business, Cars, Tech News
End Of Amazon’s Music Service
By: Unknown on April 01, 2018 / comment : 0 Business, Economy, Tech News
Apple CEO Tim Cook Believes Facebook Should Have Regulated Itself
By: Unknown on April 01, 2018 / comment : 0 Business, Economy, Tech News, Trending
Crude Oil, Gold Prices Positioned
By: Unknown on April 01, 2018 / comment : 0 Business, Economy
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