Posts belonging to Category Board Directors



Facebook data leak ‘much greater’ than 87million users

Far more than 87million Facebook users had their data snatched by Cambridge Analytica, according to a former employee

Earlier this month, Facebook admitted that the true extent of data harvesting on its platform impacted 87million people, not 50million as previously thought.

Now it seems that the figure could be even higher.

Cambridge Analytica obtained data through Aleksander Kogan’s This is Your Digital Life app, a personality quiz that asked Facebook users to provide information about themselves.

But in evidence handed over to a Department for Digital, Culture, Media and Sport select committee, Kaiser wrote: “The Kogan/GSR datasets and questionnaires were not the only Facebook-connected questionnaires and datasets which Cambridge Analytica used.

http://www.thesun.co.uk/

Spotify IPO a success

Market valuation of $26.6b

Spotify’s IPO on the New York Stock Exchange has been a success, with the world’s largest streaming service gaining a market valuation of $26.6 billion on its first day of trading. That makes it the world’s largest tech company, overtaking even Twitter.

The Wall Street Journal predicts that the Swedish company is on track for the third-largest tech IPO ever. By the end of the day, about 30 million shares had traded hands. Spotify shares debuted at $165.90 but drifted down ten minutes later, closing at the end of the day at $149.60. This was still up 12% from the initial reference price of $132.

 http://www.themusicnetwork.com

Trump’s election consultants filmed saying they use bribes and sex workers to entrap politicians

Dirty tricks to swing elections

Cambridge Analytica, a  company at the centre of the Facebook data breach (harvesting of more than 50 million profiles), boasted of using honey traps, fake news campaigns and operations with ex-spies to swing election campaigns around the world, a new investigation reveals.

Executives from Cambridge Analytica spoke to undercover reporters from Channel 4 News about the dark arts used by the company to help clients, which included entrapping rival candidates in fake bribery stings and hiring prostitutes to seduce them.

In one exchange, the company chief executive, Alexander Nix, is recorded telling reporters: “It sounds a dreadful thing to say, but these are things that don’t necessarily need to be true as long as they’re believed.”

http://www.theguardian.com…  March 20, 2018

Murdoch bid for Sky challenged by US giant

US cable TV giant Comcast has made a £22.1bn takeover bid for Sky, challenging an existing offer from 21st Century Fox

Rupert Murdoch’s 21st Century Fox had already agreed an £18.5bn deal to buy the 61% of Sky it does not already own. Comcast said the bid of £12.50 per share was a 16% higher than the 21st Century Fox offer. Comcast is the biggest US cable TV firm. It also owns the broadcast TV network NBC and Universal Pictures.

The company’s chief executive Brian Roberts, said: “We would like to own the whole of Sky and we will be looking to acquire over 50% of the Sky shares,” he said. Mr Roberts added that the UK “is and will remain a great place to do business” and that Comcast wanted to “use Sky as a platform for our growth in Europe”.

http://www.bbc.com…  Febuary 27, 2018

Berkshire got a $29 billion gift from new tax code

Aversion to debt

Warren Buffett published his annual letter on Saturday, and it came with some of the usual trimmings: sage advice and reflections on the past year’s success.

With bonds, the “coupon rate” is the interest rate that an issuer uses to calculate regular interest payments to investors. The longer the term of a bond, the higher the coupon is likely to be; you’re paid more to wait longer to get your principal back. Higher risk, too, affects the coupon, with high-yield bonds from less solid companies offering more generous interest payments than you’ll get from higher-rated corporations or from U.S. Treasury bonds. Buffett told investors that Berkshire Hathaway (BRKB)made a $65.3 billion net gain in 2017 — but “only $36 billion came from Berkshire’s operations.”
The rest was a gift from the new U.S. tax code.

http://www.cnn.com…  Febuary 26, 2018

What is Davos 2018?

Who is attending the World Economic Forum?

THE world’s most powerful leaders will meet tomorrow at Davos 2018 for an annual four-day elite conference known as the World Economic Forum. But what is Davos 2018 and who is attending the World Economic Forum? A global political get-together for around 2,500 movers and shakers from the worlds of business, politics, finance and media, the World Economic Forum is held annually each year in the town of Davos.

The mountain resort sits high up in the eastern Alps of Switzerland in Graubunden, the largest and and most eastern member state of the country. It is home to one of the Switzerland’s biggest ski resorts and is also the highest “town” in Europe at 1,560m. Davos 2018 will run from January 23 to 26 under the theme of “Creating a Shared Future in a Fractured World” and will be the the 48th forum to date.

http://express.co.uk…  January 23, 2018

Walt Disney interested by 21st Century Fox

John Malone: Walt Disney/21st Century Fox deal woul benefit both sides

Liberty Media Chairman John Malone thinks a Walt Disney purchase of some 21st Century Fox assets makes sense and would benefit both sides. “To me, it’s a logical thing for them to be studying,” Malone said at the Liberty Media annual investor meeting.

“Of all the guys in the studio business, Disney is the most unique in the sense that it owns its IP on its most important entertainment product,” Malone said. “So if you think that whole structure is going to be under stress, why wouldn’t the Murdochs want to put their stuff in and ride along in something that they’d help make bigger scale and that has this protective element of intellectual property ownership?”

http://www.cnbc.com…  Fri., 17  November 2017

"Brexit is stupidest thing any country has done"

Michael Bloomberg says it is ‘hard to understand why a country doing so well wanted to ruin it’

Michael Bloomberg, the billionaire media mogul and former mayor of New York, has said Brexit is the “single stupidest thing any country has ever done” apart from the election of Donald Trump as US president.

Bloomberg argued that “it is really hard to understand why a country that was doing so well wanted to ruin it” with the Brexit vote, in a series of outspoken remarks made at a technology conference in Boston a fortnight ago.

At that event, Bloomberg, 75, also warned that some workers at the financial media company that bears his name were asking to leave the UK and US because they think the two countries no longer like immigrants and are no longer welcoming.

http://www.theguardian.com…  Wed  25  October 2017

Same day delivery competition

Walmart is zeroing in on Amazon’s biggest weakness

Amazon.com has done a lot of things exceptionally well over its 22-year history. The company’s whopping market value and constant growth are testaments to its strategy of customer obsession, breakneck innovation, and its “Day 1” philosophy.

But of all the strategic decisions the company has made in its history, none has had a bigger impact than Prime. Launched in 2005, the all-inclusive loyalty program offers members free video streaming, access to the Kindle Lending Library, music streaming, and several other ancillary benefits from $99/year. But the biggest one is clearly free, two-day shipping on millions of items.

With Prime, Amazon solved the two biggest obstacles to online shopping: it eliminated pesky shipping fees and long delivery times, which were often a week or longer in the early days of e-commerce. Over the years, Amazon has stuffed Prime with more and more benefits, making it a nexus of competitive advantages that no other company, retailer or otherwise, can match.

http://www.businessinsider.com…  Wed.,  11  October 2017

Bridgewater founder is not a believer in cryptocurrencies

Ray Dalio, founder of the world’s largest hedge fund, says ‘bitcoin is a bubble’

Bridgewater Associates founder Ray Dalio said Tuesday he is not a believer in cryptocurrencies. “Bitcoin today you can’t make much transactions in it. You can’t spend it very easily,” Dalio said on CNBC’s “Squawk Box.” “It’s not an effective storehold of wealth because it has volatility to it, unlike gold,” the hedge fund founder added. “Bitcoin is a highly speculative market. Bitcoin is a bubble.”

The investor said there are two important facets to being considered a valid currency: ease of transactions as a medium of exchange and being a “storehold of wealth.” “It’s a shame, it could be a currency. It could work conceptually, but the amount of speculation that is going on and the lack of transactions [hurts it],” he said.

http://www.cnbc.com…  Mon.,  09  October 2017