Virtual Skinny: Inter-Webs…

8.23.2016

Good to Know: Time to celebrate … The Inter-Webs turn 25 years old today! Still waiting on that quarter-life crisis. 

happy bday

THE SKINNY


When You’ve Turned Over a New Leaf (Sort of) …

If you’ve been following U.S. politics, then you’ve probably noticed that Republican presidential nominee Donald J. Trump is trying to do better. He’s trying to stay on script and talk more policy. Top of the list? Immigration

When You Still Want to Build That Wall …

Trump unveiled his immigration plan last week, and it went further than just building a wall between the U.S. and Mexico. He talked a lot about “extreme vetting” for those wanting to immigrate to the U.S. 

When You’re Not Sure What This Means …

‘Many people’ are wondering (see what we did there?) what this meant for H-1B work visas, which is a big deal in the tech world. It’s unclear, but Trump has said in the past that he would want to reform the H-1B program to stop ‘rampant abuse.’ He’s even called out Disney as a major culprit.

When You’re Confused… 

Meanwhile, Silicon Valley and the tech world are still not feeling Trump even with his new approach. With the exception of entrepreneur Peter Thiel, even Silicon Valley Republicans are staying clear of the Donald. They’re either backing down-ticket candidates. throwing their money at Hillz, or sitting the election out all together. #InterestingTimes 

confused

WHAT ELSE IS GOING ON?


Nope, Not On My Watch …

Google, Facebook, and Twitter are not pleased with a proposal from the U.S. Department of Homeland Security (DHS). The agency thought it would be a good idea to ask foreign U.S. visitors arriving on visa waivers to voluntarily hand over their social media account info. It’s all in the name of id-ing potential terrorists. Internet companies said ‘no way Jose.’ The proposal would spell major trouble for social media and free speech generally in the U.S.of A. Not to mention, it would send the wrong message to other countries that they should do the same. #SorryNotSorry

THE STREETS ARE TALKIN’


What to do after retirement? Former Los Angeles Lakers star Kobe Bryant retired from the NBA this year. Now, he’s getting into investments. Bryant and his partner Jeff Stibel announced that they’ve launched a US $100 million venture capital fund called Bryant Stibel. They’re looking to invest in tech, media, and data companies. Not really a surprise, Bryant and Stibel have been lowkey investing in companies since 2013. 

Tired of your Spotify or Pandora? Amazon’s stepping into music streaming service ring. The service is still in the works, but rumor has it that it’ll cost around US $5/ month. Oh and there’s a catch, the service will only work with Echo hardware aka ‘Alexa.’ Now that Alec Baldwin/Missy Elliott commercial is starting to make sense. #PepRally 

Ride-hailing service Lyft wanted out of the biz. It tried to sell to the likes of Uber and for US $9 billion. But, Uber said “too rich for my blood” … It was willing to do $2B and not a penny more. It wasn’t just a money issue … CEO Travis Kalanick didn’t think it’d be a good idea on account of the Feds (i.e., antitrust issues). 

While we’re on Uber, ICYMI, it’ll start letting real people into its self-driving cars. To be specific, it’ll start by testing out 100 Volvos in Pittsburgh, PA. But don’t worry, there’ll be a human at the wheel in case things start to go left

Daydream is no longer falling asleep beneath the flowers. It’s the name of Google’s new service for virtual reality films and programs. The company’s throwing millions of dollars at the service and at Inter-web stars for content. 

MAKIN’ MOVES


Amazon Web Services former marketing vet Adam Selipsky is going to be the top guy at software company Tableau.

Dropbox CFO Vanessa Wittman is walking away from her post due to health reasons. She’ll be replaced by financial deputy Ajay Vashee in September. 

Virtual Skinny: Doing the Absolute Most…

8.1.2016

Good to Know: Snapchat’s geofilters aka personalized filters could be the new hashtag. All the kids are doing it … 

snap

THE SKINNY


When You Need to Do the Absolute Most…

Alphabet’s Google, Facebook, and Twitter teamed up for a three-week, experimental collabo by using online videos to counter terrorist and extremist propaganda on their platforms. The social platforms are targeting teens and young adults that use words like “sharia” and “mujahideen” in their posts.

When You Need More Information…

Islamist radicals and far-right groups’ extremist propaganda and violent content on the InterWebs play a major role in terrorism. So, Internet companies are fighting back. They want to figure out what messages work to keep the youth from becoming full-blown radicals.

When You’re Not Trying to Hear It …

Young people are saying ‘no’ to government-sponsored messages. And ‘definitely maybe’ to videos shading jihadist groups, the Taliban, and white supremacist groups. The videos are courtesy of organizations like U.S. based Average Mohamed, Pakistan’s Harakat-ut-Taleem, and ExitUSA.

When You’re Not Sure It’s Working …

Are the videos working? Hard to tell. But, starting a discussion is always a positive first step. And for the most part, the videos are getting people chatting online about the videos.

WHAT ELSE IS GOING ON?


If They Ever Did That, I Think We’d Have a Cyber-Attack …

Remember that time someone hacked the U.S. Democratic National Committee’s (DNC) emails … Russia’s name came up as the potential culprit … Then, Donald Trump looked straight into a press camera and challenged Russians to find Hillary’s missing emails but later said ‘just kidding?‘ Of course you do, that was just last week. Well, security expert Bruce Schneier thinks things could get worse. Schneier says Russia could go after the nation’s voting machines come this November. He says the U.S. needs to get its cyber-defense game in order. And apparently, Internet voting is not the answer.

THE STREETS ARE TALKIN’


Looks like maps and driverless cars are on Uber’s 2016 vision board. The ride-hailing services just dropped a cool US $500 millie on a global mapping project so it can say “bye” to Google Maps. Oh and, Uber’s packing it in … at least in China. The company’s done competing with its Chinese rival Didi Chuxing and decided that both companies need to become one in a deal worth $35 billion. 

Speaking of the Googler, navigational app Waze just released a new bomb feature called Child Reminder to make sure people don’t forget their kids in the car. 

Interior design app Homee didn’t make the cut on Shark Tank, but Tinder co-founder Sean Rad happened to catch its episode. Rad decided to pony up hard cash for Homee. He’s its first investor. As they say, any publicity is good publicity … 

Fresh off of exposing Taylor Swift’s B.S., Kanye West has made it clear that he’s done with Apple’s B.S. too. Word on the street is Apple wants to buy music service Tidal owned by West’s bestie Jay-Z. West tweeted “Apple give Jay his check for Tidal now and stop trying to act like you Steve.” And by Apple, we think he means Tim Cook. #ShotsFired  

The Rio Olympics start this Friday. But if you’ve been paying attention, you know that many people (including athletes) will be skipping it on account of Brazil’s issues with Zika, its water supply, and general turmoil. Even if you won’t be in Brazil, Google’s is bringing the favela (aka slum) experience to you via Street View. 

One more thing about the Olympics … Those that are going have much to complain about including an ‘uninhabitable’ Olympic Village and maybe even worse no access to Pokemon Go. #Messy  

MAKING MOVES …


In the wake of the Verizon-Yahoo deal announcement, Verizon’s Marni Walden and AOL head Tim Armstrong got together at Yahoo’s Sunnyvale, CA HQ. The message to Yahoo employees was positive, but everyone’s well aware there’ll be issues joining both companies. A new company structure and potential unforeseen costs to name a couple. 

Founder of CODE2040  Laura Weidman Powers is headed to Washington. For six months, she’ll be taking on the role as senior policy adviser to U.S. Chief Technology Officer Megan Smith.  Diversity and inclusion in tech and entrepreneurship generally are at the top of her “to-do” list.  

Facebook’s Chief Operating Officer Sheryl Sandberg is writing a second book tentatively called “Option B.” It’ll be about resilience. Sandberg has had to show quite a bit of it after the tragic and untimely passing of her husband last year. 

Tragedy Strikes In Orlando

Social media outpour after gunman takes the lives of 50 people in Orlando, Florida. 

This past Saturday, a gunman walked into Pulse, an Orlando gay nightclub, and opened fire. Authorities identified Omar Saddiqui Mateen, an American born, 29-year old male, as the perpetrator.  Mateen claimed about 50 lives and injured 53 more. In a shoot out with law enforcement, Mateen was shot dead.

Why did this happen?

The attack is being called the deadliest mass shooting in U.S. history. Shortly after the massacre, President Obama said at a press conference “…we know enough to say that this was an act of terror and an act of hate.” As the investigation advances, law enforcement will be looking to Mateen’s computers, phones, devices, and social media presence to determine the motive behind his horrific act.

What do we already know?

As of now, we know that the U.S. FBI had its eye on Matten over the past few years. The first encounter took place in 2013 after co-workers reported him to the FBI based on beliefs that Mateen could have terrorist ties. A year later, the FBI uncovered a potential connection between Mateen and Moner Mohammad Abusalha, an American suicide bomber. Neither of those investigations panned out, and the FBI cleared Mateen. Authorities believe Mateen pledged allegiance to ISIS based on a 911 call he placed from inside the night club’s bathroom. However, Mateen’s father – Seddique Mir Mateen – does not believe that his son’s actions had anything to do with religion but simply his disapproval of the gay community.

How did people react?

Shortly after the attack, Facebook launched its Safety Check feature for users in Orlando. Then, many people, including celebrities and politicians, immediately took to social media to pray for the victims and their families.  U.S. presidential candidates tweeted and shared their thoughts on the attack via other social media platforms.

In a series of tweets, Democratic presidential candidate Hillary Clinton sent prayers and thoughts to those affected.

Orlando

Republican candidate Donald Trump continued his call to ban Muslims from entering the U.S. and said that the country’s current leadership is weak and ineffective.

Orlando

Earlier today, Hillary responded with the following:

Orlando

What needs to happen next?

The Orlando event tops the list of mass shootings that have occurred in recent U.S. history. After every highly publicized, gun-related tragedy, there’s an outcry to end gun violence. Do you think the U.S. has finally reached breaking point? Let us know what you think.

 

Virtual Skinny: Monday Motivation

3.28.2016

Good to Know:  “You’re not normal. You’re you. You’re awesome.” – @thekidpresident #mondaymotivation

Happy-Monday-awesome

THE SKINNY


When You’re Still Working Out the Kinks …

Over the weekend, a deadly bombing happened at a children’s park in Lahore, Pakistan,
taking the lives of 69 people and leaving about 300 injured. So, Facebook launched its “Safety Check” to let people “check in” as safe.  But, it didn’t work as expected. 

When Something Is A Major Fail … 

The “Safety Check” is intended to be avail for people close to the event, but that wasn’t the case on Sunday, March 27.  Instead, FB asked people all over the world (South Africa, Nepal, Canada, and U.S.): “Are you okay?”

When You Need to Apologize for Your Behavior …

Before it was too late, Facebook said “sorry.” The company copped to its mistake and blamed it on a bug that is “counter to the product’s intent.”  Safety Check’s been giving FB some issues since its debut, but those issues have been more along the lines of FB alleging playing faves on when and where to launch the features.

WHAT ELSE IS GOING ON?


What’s your motivation?

By now, you’ve probably heard a lil’ something, something about Apple’s rumble with the U.S. government over encryption. Now, the issue is going global.  With the recent terrorist attacks in Europe, France wants to act quickly. French lawmakers are seeking to make it easier for intelligence bodies to have more power in getting people’s personal data. A similar proposal allowing governments to “snoop” has cropped up in Britain. But, German and Dutch officials aren’t here for any of it and oppose “back doors” in encryption services. In the meantime, all eyes are on Britain since it’s a big market for American tech companies.

THE STREETS ARE TALKIN’


Ride-hailing app Uber is using its “Code on the Road” game to recruit engineering talent.  Fun Fact: Some people who have played already work in engineering.  Uber says it’s not playing the “targeting” game when it comes to who can play.  Rather, the company says it’s launching the game in cities where there are tons of tech jobs.  Hmmm … We’ll go along with that … for now. BTW, $10K is on the line for people who play and find bugs, which could threaten privacy and security.

Yahoo is putting its core Internet business (think search, email, etc.) up for sale. And, the latest word on the street is that Microsoft is chatting with Yahoo’s investors about a private equity deal.

You’re a lucky man, Ross Martin!  He’s the first customer to receive the first Oculus Rift virtual reality headset.

Virtual Skinny FinTech Ed: When It Rains, It Pours …

2.3.2016

Keep Spreading the Word:  We’d appreciate if you’d tell your friends to get in on our FinTech weekly action.  They can sign up here

THE SKINNY


When People Are Coming For You … 

The European Union (EU) wants to do more to track how funds are transferred among terrorists.  Looking at you, Bitcoin (and prepaid cards).

Please Tell Me More …

After the Paris terrorist attacks in November 2015, the European Commission (being pushed by France) is focused on Bitcoin and prepaid cards for one main reason: identity. Using these services is a good way for bad guys (or anyone really) to hide financial transactions because it’s hard to uncover people’s identities.

When You’ve Already Got Summer Plans … 

The Commission plans to pitch some new rules by the end of June 2016 that would make users reveal their true identity.  We’ll have to wait and see how that turns out.

WHAT ELSE IS GOING ON? 


When It’s Your Time … 

Peer-to-peer (P2P) lending had a pretty good 2015 and looks like 2016 may be even better. New companies like Lending Club, OnDeck, Prosper, etc. popped up post the 2008 financial crisis to give people the loans they couldn’t get from banks. P2P lending startups will likely be on the rise this year thanks to things like an increase in interest rates, regulation, market size, and competition. Who knows? Internet companies like Facebook, Google, and Amazon have probably got next in the p2p lending game.

THE STREETS ARE TALKIN’ 


Stellar, an open-source payment network based in Silicon Valley, wants in on the instant money transfer situation in Nigeria.  It’s teaming up with fintech company Oradian that deals with microfinance systems in the name of financial inclusion. Transferring money may just get a lot easier for underbanked rural Nigerians.

While we’re on Nigeria, fintech startup Interswitch is about to make it big! It’s CEO isn’t talking, but we have it on good authority that the digital finance infrastructure (think platforms used for processing payments) may soon make its debut on the London Stock Exchange and become Africa’s first tech unicorn (meaning its worth at least a billion dollars). Kind of a big deal…

Ex-JPMorgan Chase exec Blythe Masters is keeping it in the family. Masters’ startup Digital Assets and the bank are playing on the same team for a blockchain trial run on how to make trading faster and more efficient. Oh, and Goldman Sachs and IBM also want a piece of the company for about $8 million combined.

Bitcoin and blockchain are blowing up in Asia. Here’s the rundown: Japanese VC firm SBI Investment pours money into bitcoin exchange Kraken; Bank of Tokyo-Mitsubishi UFJ, Tokyo’s largest bank, has got its own digital currency, “MUFG coin.” Add South Korea’s Central Bank to the growing list of entities looking into blockchain technology.

 

 

 

Virtual Skinny: Netflix and …

1.22.2016

Good to Know:  If you’re in the Northeast U.S. (NE), here’s what you need to binge watch on Netflix while taking cover from #WinterStormJonas.  And if you’re not in the NE, then lucky you! 

THE SKINNY


When You’re Not Captain Planet … 

Turns out that sending that one line e-mail is bad for the environment – right up there with printing multiple pages … Single-sided.

What Now? 

Social media researcher Danah Boyd is making the case at this year’s World Economic Forum meeting in Davos, Switzerland.  Boyd says it’s easier for people to associate cutting down trees for paper and delivery trucks’ exhaust emissions with things that are probably destroying the environment. But, it’s hard for people to wrap their heads around their online activities’ environmental impact.

It’s Not Much Ado About Nothing … 

People’s online information is stored in the “cloud” aka a network of Internet servers located around the world, and these servers eat up a ton of electricity.

What Are We Going To Do About This? 

Already, tech companies like Apple, Google, and Facebook are letting us know what their doing to remain environmentally friendly. To go one step further, Boyd suggests “branding apps and tech services with the same sort of certification that the U.S. Green Building Council provides to eco-friendly structures.”

WHAT ELSE IS GOING ON?


When Hate Doesn’t Drive Out Hate … 

Facebook is encouraging its users to fight hate speech with positivity. The company’s Chief Operating Officer Sheryl Sandberg told an audience at Davos that countering negative comments with positive messages is the way to go.  It’s what she calls “the Like Attack.” The platform’s got some other things up its sleeve to combat extremists and terrorism (e.g., partnering with the U.S. government to urge college students to kick off anti-terrorism campaigns, teaming up with the German government on id-ing and taking down hate speech, and playing Switzerland with its News Feed algorithm when it comes to hate speech v. positive speech).

That’s Different… 

Home-sharing service AirBnB is getting serious about its intentions with cities all across America.  The company’s so serious that it’s asking the U.S. Conference of Mayors, a group of political heavy-hitters, to impose taxes on its service.  No joke … the company says it’s already paying about $42 million in taxes to 16 cities and is prepared to do the same with 50 of America’s biggest cities.  AirBnB legit wants show cities that it’s committed to making things right and paying their fair share.  Hotels and home-sharing platform AirBnB have been at odds since day one. Unsurprisingly, hotels aren’t buying it.

When You Have A Rough Week … 

Twitter and Square’s stock took a dive this week along with the rest of the stock markets. Each company’s poor performance bumped their CEO Jack Dorsey down a notch from billionaire to millionaire status. If that’s not bad enough, now rumors are cropping up again that the micro-blogging site may be up for sale. Oy!

THE STREETS ARE TALKIN’


The Facebook Sports Stadium is a thing now for all you social media-loving, sports fans. The feature will let you keep up on posts and comments from your friends, celebs, and journalists on the latest sporting events.  Just in time for NFL playoffs and March Madness.

Happy Birthday, WeChat! The Chinese mobile messaging app turns five.  It’s been through a lot in that time. We’re talking an upgrade from just simply chatting with friends to being able to buy stuff, watch videos, and make voice/video calls, etc.

Lots of Twitter rumors. Reports are saying the platform is thinking about expanding its 140-character limit to 10k characters. In the meantime Weibo, China’s answer to Twitter, has already confirmed its plans.  The Chinese site is expanding its character limit to 2k.

Switzerland could be the new hot spot for early-stage startups.

Indian e-commerce company Snapdeal could be going public in its home country.

The Virtual Skinny: Go Time …

11.23.2015

Good to Know: ‘Tis the season for giving. Turn to Charity Navigator or the Better Business Bureau’s Wise Giving Alliance to avoid being scammed by an online charity this holiday season. 

THE SKINNY


Re-Thinking Your Approach … 

U.S. company Shotspotter wants to use its technology to help cities around the globe better respond to terrorist attacks like the ones we’ve seen in Paris, Beirut, Mali, Mumbai, Kenya, etc.

What Does It Do? 

The technology, which is currently deployed in 90 cities around the world, relies on Internet-enabled microphones to hone in on specific areas where there’s gunfire or explosions. In a matter of 30-45 seconds, authorities are alerted of a potential attack. The company wants to expand beyond 90 cities so its teamed up with General Electric.  Both companies think that incorporating the technology into street lamps is the best way to go for full coverage of entire cities. Understandable … GE’s been on its “smart cities” mission for a while and already has “smart” streetlights.

Why Not Cover the Entire Globe? 

David Bray, an executive in residence at Harvard University, wants to see a Shotspotter-style system created worldwide. Bray thinks including Shotspotter-type microphones in devices like cellphones would do the trick. But, for that idea to work, governments need to partner with private companies like Google.  The Internet company declined to comment. We’re thinking this raises all sorts of red flags for people’s privacy. Also, it probably isn’t a good look for government surveillance, which isn’t a fan favorite for Internet and tech companies.

WHAT ELSE IS GOING ON? 


When You Make Light of a Pretty Serious Situation …

Brussels is on a high terrorist alert and issued a city-wide lockdown over the weekend. After the Paris terrorist attacks, authorities are still on the hunt for suspects in Belgium. Yesterday evening, Belgian police asked citizens to step away from the Twitter-verse to avoid tipping off suspects about their armed operations. Belgian citizens didn’t exactly follow orders. They turned fear into humor by kicking off a tweet-storm about their pet cats with the hashtag #BrusselsLockDown. On a serious note, Belgian police carried out 22 raids and ultimately arrested 16 people.  Police are still unsure of suspected gunman Salah Abdeslam’s whereabouts.

Decisions, Decisions … 

Austrian student Max Schrems will keep going after Facebook (FB).  Schrems is partly responsible for the European Court of Justice recently throwing out the US-EU Safe Harbor, a longstanding data transfer agreement between the U.S. and European Union. Schrems has got major problems with FB’s privacy policy.  An Austrian court has already let him file a personal suit against FB because of it. But now, he’s looking to team up with 25,000+ people for a class action against the social media company.  He just needs the go ahead from the court. Meanwhile, FB says it’s done nothing wrong.

When Someone’s Got Your Back … 

Ever tried watching a video on YouTube but can’t? You’ve probably seen some variation of the following: “This video is no longer available due to a copyright claim by [insert media company, network, artist, etc. here].” Under U.S. copyright law (the Digital Millennium Copyright Act specifically), sometimes a video take-down (like what you see on YouTube) is legit; but other times, it’s not. The law isn’t exactly intuitive, and regular folks, who aren’t well-versed in the law, can be intimidated by the process.  They often choose not to fight back against take down requests by rightsholders such as music labels, media companies, networks, etc. Google is sick and tired of YouTube content creators being unfairly targeted under the law so it wants to help out.  The company wants a select few to fight back and is prepared to financially support their legal woes up to US $1 million.

THE STREETS ARE TALKIN’ 


Does our pact mean nothing to you? Yahoo CEO Marissa Mayer asked her execs to take a pledge to stand by the struggling company for three to five years.  It may not be working. Rob Barrett, Yahoo’s head of media strategy and operations, turned in his walking papers, making him the latest employee to dip out on the company.

What do you do when your daily deals company is on a financial decline? Pen a blog post comparing your company to a drug, of course. Andrew Mason, Co-founder and former CEO of Groupon, says “Groupon is powerful like morphine is powerful … If you use it too much, you’ll overdose and die. But take it in moderation and it can do wonders.” Interesting …

Google backed out of China five years ago after refusing to keep up with the country’s self-censorship policies. But, a lot can change in five years. China’s a pretty big market for Internet companies, and Google wants back in.  The company plans to launch a country-specific version of Google Play in China.

Alphabet, Google’s parent company, is placing big bets on Nest – one of its acquisitions worth $3.2 billion.  With devices and products such as “smart” thermometers and smoke detectors, Nest is the company’s way into the smart home market.

Facebook CEO Mark Zuckerberg and his wife Priscilla Chan will soon welcome their first child, a daughter.  The Zuck is taking two months of paid paternity leave. We care because gender norms is a hot topic in the tech industry.