Year: 2018

Facebook handed over 150 New companies intrusive access to your data

Facebook gave over 150 companies almost unfetted intrusive access to users’ data than previously admitted, exempting them from its usual privacy rules, according to the New York Times. It has emerged that companies like Amazon, Apple, Microsoft, Netflix, Spotify, and Yandex had special arrangements to retain access to users’ data (and data on their friends), despite platform changes in 2014 that restricted the practice. For example: — Netflix and Spotify were able to read users’ private messages — Microsoft had access to the names of virtually all users’ friends, without consent…

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Wearable device New sales to hit $42 billion in 2019.

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Gartner, Inc. forecasts that worldwide shipments of wearable devices will reach 225 million in 2019, an increase of 25.8 percent from 2018. End-user spending on wearable devices is forecast to reach $42 billion in 2019. Of that, $16.2 billion will be on smartwatches. “At the moment, the smartwatch market is bolstered by the relatively stable and higher average selling price (ASP) of the Apple Watch,” said Alan Antin. senior director at Gartner. “But the overall ASP of smartwatches is expected to slowly decline from $221.99 in 2018 to $210 in…

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Bitcoin New sinks below $4,000

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The blood letting is not stopping soon as Bitcoin plunges once again over the weekend and is now trading for less than $4,000 for the first time since September 2017. The cryptocurrency fell to as low as $US3,519.94($4,874) on the Bitstamp platform, after earlier falling to a 14-month low of $3,462,57. It has lost 74 percent of its value so far this year, after hitting nearly $20,000 in December last year. Most other cryptocurrencies are faring just as poorly or worse, and in total, more than $700 billion in market…

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Nearly half of New Young users have deleted Facebook.

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Pew surveyed more than 3,400 U.S. Facebook users in May and June, and found that a whopping 44 percent of those ages 18 to 29 say they’ve deleted the app from their phone in the last year. Some of them may have reinstalled it later. Significant shares of Facebook users have taken steps in the past year to reframe their relationship with the social media platform. Just over half of Facebook users ages 18 and older (54%) say they have adjusted their privacy settings in the past 12 months, according…

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New Hackers Are Snatching High-Profile Instagram Accounts

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In the Wild West of “influencer” marketing, there are few protections and plenty of easy marks. Hackers sometimes create their own fake brands to phish influencers, but often they pretend to be representatives from real companies, this is according to a new report by TheAtlantic “They’ll set up some sort of username that’s something that seems like it would be legit, like @LuluLemonAmbassadors,” he said. “They’ll use all the company logos, make it seem as legit as possible, make the bio seem normal. Use the company’s mission statement. It’s super…

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Mugo Kibati Takes Over as New CEO at Telkom Kenya

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Telecommunications company Telkom Kenya has appointed Mugo Kibati as its new chief executive officer, taking over from Mr Aldo Mareuse. Announcing the change, Telkom Kenya board chair Eddy Njoroge said the firm was grateful to Mr Mareuse for his successful leadership for the period he has been with the company. “Notable milestones achieved during his tenure include the expansion of the company’s network by over 50 per cent, successful rebranding of the company to Telkom and rolling out of a 4G network, resulting in the company becoming the data operator…

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Econet’s Kwesé New Shut Down of its Operations.

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Pay-TV Company Kwesé is shutting down its operations barely two years after launch as Econet, the parent firm, shifts its attention to latest digital and satellite broadcasting trends. Subscribers of Kwese satellite TV will access free-to-air (FTA) stations only after the firm did away with third-party channels according to a report by Business Daily Africa (BD) “We believe these changes will safeguard the future success of our business as we continue to make an indelible impact on Africa’s media industry. The revised business strategy will also ensure that Kwesé TV…

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Apple New Decision on reporting it sells each quarter

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Apple said Thursday it plans to stop reporting how many iPhones, iPads and Macs it sells each quarter, in what could be a nod to flatlining growth in some of these product lines. Apple will continue to report revenue for these categories. The move was just one of the concerning announcements Apple made Thursday. The company also said it expects sales in the all-important holiday quarter to be between $89 billion and $93 billion, skewing short of analyst estimates. At the low end of that range, Apple’s holiday sales would…

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Can Blockchain + Virtual Reality Boost New E-commerce In Africa

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eCommerce will be worth $75 billion in Africa’s leading economies, and came into existence as the solution to the stress of beating traffic to get to stores, bringing about a more convenient way of buying and selling. Today, online retail seems to be fast replacing the brick and mortar stores, and warehouses are becoming the one place to order items from. Ventures such as Alibaba, eBay, Payporte, Jumia, and Konga are cashing in big on African’s need to do convenient shopping from the comfort of their homes. While this a…

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Facebook institutional investors want Zuckerberg ousted as New chairman

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Amidst increasing incidences of data breaches such as the Cambridge Analytica scandal that saw the personal data of 87 million Facebook members used without permission, to Russian sourced posts aimed at influencing the midterm elections, a report from Reuters states that four institutional investors in Facebook are looking to have Zuckerberg replaced by an independent chairman. A similar proposal was defeated by stockholders in 2017. The filing asking for a vote to remove Zuckerberg was made to Facebook’s board by the state treasurers of Illinois, Rhode Island and Pennsylvania, who…

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