Facebook and Twitter, under fire for Russian manipulation of their social media sites, are now facing heat from shareholders, who say the companies need to do more to combat sexual harassment of women on their platforms. Arjuna Capital and the New York State Common Retirement Fund announced Thursday they had co-filed shareholder resolutions asking both companies to produce a “detailed report on the scope of sexual harassment on their platforms and the remedies either in place or already contemplated for the future.” The resolutions, aimed at the companies’ annual shareholder meetings later this year, also address the topics of fake news, election interference, violence and hate speech.“Sexual harassment online is a threat to women and a danger to long-term shareholder value,” said Natasha Lamb, managing partner at Arjuna Capital. “If users feel unsafe on the platform, they simply won’t use it.” Read more: Twitter rolls out stricter … [Read more...] about Shareholders urge Twitter, Facebook to combat sexual harassment
JPMORGAN: Amazon’s ready to take on the Google-Facebook duopoly in advertising
Amazon’s ad revenue could reach $4.5 billion in 2018, according to an analyst note by JPMorgan. The company is set to emerge as a challenger to Facebook and Google’s dominance of online advertising. Its scale and data, fast growth, investments into developing advertising channels and reputation among advertisers make it well-positioned to emerge as a big player. Advertisers are not the only ones betting on Amazon’s rise as a crucial ad vehicle countering Facebook and Google’s dominance of digital advertising. Wall Street is too. Amazon is well-positioned to emerge as the third scaled digital ad platform after Google and Facebook, with its ad revenue set to surpass $4.5 billion in 2018, according to a note by JPMorgan analyst Doug Anmuth. Here is why JPMorgan thinks Amazon’s ascent is inevitable: Amazon’s sheer scale and data makes it a considerable alternative to the duopoly. … [Read more...] about JPMORGAN: Amazon’s ready to take on the Google-Facebook duopoly in advertising
Chinese smartphone giant Xiaomi will help build Facebook’s first standalone virtual reality headset
Facebook is partnering with Chinese electronics giant Xiaomi, whose hardware team will build the former company’s first standalone virtual reality (VR) headset, the Oculus Go (we first saw the news via CNBC). One of the people responsible for this partnership is Hugo Barra, a former Google executive who more recently worked at Xiaomi before being snatched up by Facebook to lead the social network giant’s VR efforts last year. “We’re working with Xiaomi as our hardware partner for the global launch of Oculus Go,” the company wrote in a blog post featuring both Barra and Xiaomi’s vice president Cristiano Amon. But the collaboration between the two doesn’t stop there, as Xiaomi will use the Oculus Go as the foundation for the Mi VR, a second standalone headset designed specifically for the Chinese market. The two will partner up with chip manufacturer Qualcomm, whose Snapdragon 821 will power up the Mi VR. The chip was first … [Read more...] about Chinese smartphone giant Xiaomi will help build Facebook’s first standalone virtual reality headset
‘Jobs in S.Korea’ Facebook scammer cheats 8 in Korat
NAKHON RATCHASIMA: Labour officials in this northeastern province have launched an investigation after receiving a complaint from eight people in Chum Phuang district that they had fallen victim to a job scammer. They said they were cheated out of about 140,000 baht in total by a person who offered job placements in South Korea via Facebook.Nithi-orn Boonuyanusit led a team of officials from the provincial employment office to interview the eight people at a house in Chum Phuang district on Sunday morning.Boonlert Artdee, 36, one of the job seekers, told the officials that in December 2017 she saw a Facebook page created under the name of "Kongphop Pongkhamla". The man claimed to be able to secure jobs in the farm sector in South Korea.Mrs Boonlert started a Facebook chat with the man, who told her that she and anyone else interested should apply for a passport and send it to him, along with 17,000 baht each for an air ticket and 'management fee'.She and five relatives each transferred … [Read more...] about ‘Jobs in S.Korea’ Facebook scammer cheats 8 in Korat
Eight turn victims of Korea job scammer on Facebook
NAKHON RATCHASIMA: Labour officials in this notheastern province are investigating after receiving a complaint from eight people in Chum Phuang district that they have been cheated out of about 140,000 baht in total by a job scammer on Facebook who made an empty promise to find jobs for them in South Korea. Nithi-orn Boonuyanusit led a team of officials the provincial employment office to meet the eight people at a house in Chum Phuang district on Sunday morning to get details of the job scam.Boonlert Artdee, 36, one of the job seekers, told the officials that in December 2017 she learned from a Facebook page of a man in the name of "Kongphop Pongkhamla" who posted a message saying that he could help interested people to get jobs in the farm sector in South Korea.Mrs Boonlert said that in a Facebook chat the man told her and other people interested in getting the jobs to apply for a passport and send it to him with 17,000 baht each for an air ticket and management cost.She and five … [Read more...] about Eight turn victims of Korea job scammer on Facebook