It’s mind-boggling how the 5 most valuable internet companies have changed over the past 20 years In 1995, the internet was just about to get started. It was only a year after big internet companies like Yahoo and Netscape were founded. Fast forward 20 years later, and the web business landscape looks a lot different from back then. In fact, only 1 out of the 5 most valuable public internet companies from 1995 are still in the top 5 list, according to Mary Meeker’s “Internet Trends” report. Check out the…
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Facebook Study Says Users Make Their News Feed Less Diverse
But some have already questioned the results The long-held notion that Facebook’s algorithm leads to the creation of “echo chambers” among users isn’t exactly true, according to a report published Thursday in the journal Science. After studying the accounts of 10 million users, data scientists at Facebook found that liberals and conservatives are regularly exposed to at least some “crosscutting” political news, meaning stories that don’t conform to their pre-existing biases. The algorithm for Facebook’s News Feed leads conservatives to see 5% less liberal content than their friends share and…
Read MoreWhy investors should be concerned about cybersecurity breaches
Major security breaches continue to hit headlines, as businesses are forced to shift from focusing on the imminent nature of threats to calculating their potential financial impact. Companies are investing billions of dollars in cybersecurity, but the average return on spending for security technology is only 14%. Every year the cost of a data breach continues to rise. In spite of this, investors and shareholders don’t react strongly to news of a breach. Target’s stock fell 11% after it revealed it was the victim of one of the largest breaches ever to…
Read MoreSnapchat Is Launching A New Discovery Feature That Will Make It A Bigger Threat To Facebook
Snapchat just announced its new Discover feature, a collaboration with media companies such as Vice, CNN, Yahoo News, Comedy Central, and National Geographic to bring news to users in the form of Snapchat stories. News stories released through Discover will be available in multiple parts, allowing for media companies to string together a narrative with a beginning, middle, and end. In typical Snapchat fashion, each news story will last for 24 hours before disappearing. The introduction of Discover will help Snapchat further compete with Facebook, which now includes links to…
Read MoreWSJ: U.S. Technology Companies Worry About the Backlash They Face in Europe
By Stephen Fidler: Europe Pulls Welcome Mat for U.S. Tech Companies One message so far from the corridors around the World Economic Forum in Davos: U.S. technology companies are very worried about the backlash they are now facing in Europe. From their standpoint, Europe risks shooting itself in the foot by rejecting the cutting-edge technologies they have brought to the continent. But they would say that, wouldn’t they? Look at it from the European point of view. Europe once led the world in mobile technology: The Global System for Mobile…
Read MoreFacebook, Apple, And Microsoft Are Ganging Up On Google — And It Couldn’t Happen At A Worse Time
Back in the old days, the big bad company in tech that all the other companies teamed-up against was Microsoft. Microsoft was the evil empire. So, Apple and Google worked together to squash Microsoft. Former Apple CEO Steve Jobs used to mentor Google cofounders Larry Page and Sergey Brin. Google CEO Eric Schmidt used to sit on the Apple board. This is no longer the case. These days, the common enemy is Google. In recent years, there have been a number of explicit and implicit partnerships between the three biggest…
Read MoreWSJ: U.S. technology companies are in a pitched battle with Europe’s sovereign states
Discontent on Continent Highlights Battle Over Economics, Culture, Internet Control BRUSSELS—From Berlin to Madrid, from London to Paris, U.S. technology companies are in a pitched battle with Europe’s sovereign states. It is a clash that pits governments against the new tech titans, established industries against upstart challengers, and freewheeling American business culture against a more regulated European framework. And it poses one of the greatest threats to U.S. technology giants since their emergence from garages and college campuses over the past four decades. First and foremost, the battle is about…
Read MoreFacebook secretly working on new website called ‘Facebook at Work’ for office use
London (AFP) – Facebook is preparing a new office version of its social networking site to compete with other sites like LinkedIn, the Financial Times reported on Monday. “Facebook is secretly working on a new website called ‘Facebook at Work’” that would allow users to “chat with colleagues, connect with professional contacts and collaborate over documents”, it said. Facebook last month reported its quarterly profit nearly doubled to $802 million (640 million euros) but saw its stock pounded after outlining a plan to invest heavily in the future instead of…
Read MoreFortune’s 40 under 40: The future of women in tech looks bright
The diverse and robust pool of female founders and tech execs at Fortune’s 40 under 40 party proves positive for Silicon Valley’s future. Editing Fortune’s 40 Under 40 list is, every year, an education in ambition, disruption and extraordinary achievement. The process takes months of reporting, lots of debate and discussion and a healthy amount of handwringing as our deadline looms. And then comes the fun. Every year, we hold a giant party for the 40 Under 40 and a few hundred other movers and shakers in the San Francisco…
Read MoreFacebook’s Mark Zuckerberg speaks Chinese in Beijing visit
Facebook has been blocked by Chinese authorities for over five years, but company founder Mark Zuckerberg appears to be on a new charm offensive to crack the massive market. In a move that has sent tongues wagging across China and around the globe, Zuckerberg on Wednesday showed off his nascent Chinese language skills in Beijing by participating in a 30-minute question-and-answer session conducted entirely in Mandarin. When asked about Facebook’s plans in China, Zuckerberg said the company already has a presence in the country, focused on helping Chinese companies grow in…
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