Facebook wants to share more local news, but it’s having trouble finding it
- Called Today In, the idea was that Facebook — which is flooded with all kinds of photos, videos, ads, and events from a wide range of people, publishers, and brands — wanted to create a special section where local news and events would stand out among the crowd.
- The darkest green areas are counties in which Facebook saw at least five local news stories posted on Facebook — either by users or by news publishers — every day in the last 28 days (Facebook collected the data on a city level but aggregated it for county-level maps).
- Roughly 35 percent of Midwestern, Northeastern, and Southern Facebook users couldn’t have seen more than five local news stories on Facebook about their town on any single day over the past four weeks, according to Facebook.
In HBO’s Theranos documentary “The Inventor,” director Alex Gibney says Elizabeth Holmes was fooled by her own lies
- Absolutely, and I think even in defeat, she was very much aware of playing that role, because when my producer, Jessie Deeter interviewed her off the record early on — you know, we were trying to persuade her to come on board — she said that she was the victim and that the only reason that she went down was because she was a woman and that people came after her and lots of men in Silicon Valley could make mistake after mistake after mistake and they would be forgiven and they would come back, but if you’re a woman, you only get one chance.
- When the Carreyrou stories broke in the Journal, I remember there were a bunch of Silicon Valley people who just had an immediate reaction of, “This is the press trying to tear down an inventor and entrepreneur, and you guys like negative stories.” It was a reflexive reaction from them, and then eventually they stopped because it was just an outright fraud.
Everyone who used to run Time Warner is out the door less than a year after AT&T; paid $85 billion for the media giant
- Now we are going to find out what Time Warner is worth without that leadership: Less than a year after AT&T’s deal to buy the entertainment giant, all of the men who ran the company have left or are leaving.
- But he didn’t want to sign on for AT&T’s plan to combine his premium pay TV network with Turner’s less prestigious cable TV offerings, and AT&T executives didn’t express much disappointment when he left.
- It is entirely possible that Time Warner/Warner Media will do fine with a new group of people running the company, working for a phone company that has next-to-no experience in the media business.
- On the other hand, if I thought something was worth $85 billion and I didn’t have any experience in the industry it had dominated, I would want to work hard to keep the people who had helped make it worth $85 billion.
Unprofitable unicorns that had an IPO in 2018 did better than profitable ones
- Public investors are doing something counterintuitive: They’re valuing unprofitable companies higher than they are profitable ones that entered public stock exchanges last year.
- For the unprofitable* ones that went public in 2018, their median stock-price growth has been 120 percent on an annualized basis, from the IPO offering price through March 12 of this year.
- A couple big caveats here: Only a couple of the 20 US unicorns that went public last year were profitable, so the sample size is very small.
- Also, since this data is looking at compound annual growth rates, big jumps or dives in price for first-year stocks will look more inflated than they will likely be over time.
- Indeed, unprofitable companies are going public at a record rate, one not seen since the dot-com bubble.
Full Q&A: European commissioner for competition Margrethe Vestager on Recode Decode
- And one of the things I would have to say is we talked a many years ago, before a lot of the election stuff that was happening in the US and across the globe, by Facebook and other companies.
- We’re quite busy in the day job doing our own cases so we do not sort of try to correct or do better with our colleagues because they know perfectly well their marketplace.
- That would see, I think it’s still nascent in Europe, but since now we have the rights that establishes your ownership of your data, we see there is the beginning sort of market development of intermediaries saying, “Should I enable yourself to monetize your data?” So it’s not just a giant to monetize your data so that maybe you get some every month reflecting how your data has been passed on.
Full video and transcript: Snap CEO Evan Spiegel at Code 2018
- One of the things that I’ve noticed with our team is that if we lean too heavily on data, we just wait and wait and wait and can get stuck in very small iterations, rather than looking more broadly at new solutions, and so for us to just continually push forward as a company I think is really important, as long as that underlying philosophy is sound.
- You know, I think when we were a private company — and we’ve talked about this a million times — we made a lot of decisions that people thought were totally wild, right?
- We really try to be thoughtful and communicate about the decisions we’re making, but ultimately, I think people are going to have to see that consistency where we release ephemeral messaging and it doesn’t make sense to people, and then several years later it makes sense and it’s the dominant behavior.
Facebook employees had access to hundreds of millions of private passwords
- This time, it turns out Facebook was storing the personal passwords for hundreds of millions of Facebook users unencrypted on the company servers, according to a report from the security publication Krebs on Security.
- Facebook confirmed that, yes, this was indeed the case, and Facebook discovered it in January during a “routine security review.” The company usually encrypts passwords so they aren’t viewable to hackers or other people who might have access to the servers where they are stored.
- Krebs on Security reported that the number of visible passwords belonged to between 200 million and 600 million users.
- The misstep is just the latest for Facebook, which has played fast and loose with user privacy and data collection practices for years.
- Numerous software bugs led to Facebook privacy issues in 2018, and, last September, hackers stole the profile information for tens of millions of Facebook users.
Full video and transcript: Uber CEO Dara Khosrowshahi at Code 2018
- I’ve gotten to know him and I’ve really got a lot of admiration for him and we’re going to have a great talk about Uber and where it’s going.
- I know, but you’re Persian, it said it was not someone you’d think, they gave me all kinds of clues but I couldn’t figure it out but I had different parts of you and stuff like that.
- And so when they called me again I’m like, “You know what, what the hell, let’s do this.” But I didn’t take it seriously at first, I didn’t sell myself to the company because I wasn’t interested in getting a job because I had a great job, I was interested in doing this if I was the right person for it.
Recode Daily: The EU is fining Google €1.5 billion for breaching antitrust rules
- The future of the podcast business isn’t advertising or subscriptions.
- It’s both.
- Meet the automated Instagram influencer.
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- Jacob Weisberg and Bethany McLean from Pushkin Industries and Marshall Williams from Ad Results Advertising discuss the booming audio biz on the latest Recode Media.
- Amazon’s failure in "discovery shopping" is Instagram’s opportunity, as its users can now shop inside the app.
- Plus: Canada welcomes foreign tech workers, Facebook’s issue of scale, and Kickstarter’s CEO resigns.
How do you make money from podcasts? The pros and cons of advertising and subscriptions
- But whether those people like it or not, it appears that some number of major podcasts are going disappear behind paywalls as the nascent industry figures out how to become a real business.
- Weisberg appeared on the latest episode of Recode Media, recorded live at South By Southwest, with Pushkin’s Bethany McLean (a journalist whose upcoming podcast will go behind Luminary’s paywall) and Ad Results Media CEO Marshall Williams.
- MW: The pricing model for buying advertising in the podcast space right now is based on a cost-per-thousand multiple.
- But I think that long term to have a healthy content business, you have to have multiple revenue streams and you don’t want to be completely dependent on advertising.
- But, I don’t see them as one or the other, I think ultimately to be a healthy, sustainable industry, podcasting needs both advertising revenue and revenue from listeners.