New Forbes400 List/ Data privacy

America celebrated another year of richness. According Forbes “The aggregate net worth of the richest 400 Americans was $2.29 trillion, up $270 billion from a year ago. It took a minimum net worth of $1.55 billion to make The Forbes 400, $250 million more than in 2013.” They say Age is just a number but among the first ten richest people in America there is no one that is less than 58 years. Although the likes of Mark Zuckerberg, Dustin Moskovitz and Elizabeth Holmes are among the 400 richest American one thing that is clear, is that you can only be on the Forbes list at your late twenties, so if you wanna be on the list you have to wait until you reach at least 30.  The list will always be dominated by the old people because the rich get richer while the poor get poorer. We have seen about 20 new faces in the list. The technology sector still dominated the list with the likes of Bill Gate, Larry Ellison, Mark Zuckerberg, Dustin Moskovitz, Brian Acton, Evan Williams and so on.

Despite all the scandal about the Snowdown and Data privacy these guys still manage to get billions of dollars from people. Recently a new site Ello was created as anti Facebook and it is getting so many request because they promise not give people’s data away and they will not be using adverts which means people are trying to turn away from the free stuff to paying for convenience. Ello’s founder told BBC that they are getting about 31,000 request in an hour a site they only created it to be used by only 90 users in the beginning but they now it is turning into thousands user, who knows how many users they will get by next year. Last week Mike Butcher Editor at Techcrunch and Cofounder of Techhub twitter a link to his Ello profile which a sign that the site is gaining members from Technology experts.

Web inventor Sir Tim Berners-Lee believes that data privacy is important and despite the fact we all hate advert but “nobody has ever made a significant move away from any internet provider because of advertising or data.“

The top 10 is:

  1. Bill Gates
  2. Warren Buffet
  3. Larry Elisson
  4. Charles Koch & David Koch
  5. Christy Walton
  6. Jim Walton
  7. Michael Bloomberg
  8. Alice Walton
  9. S. Robson Walton

You can find the full list at www.forbes.com

 

Did apple finally admit security breach ?

Apple Update

 

Over a week the headlines we see is only about the celebrities’ nudes’ pictures that was leaked. We came and realized that some of the some of the celebrities were using Icloud. Applied said it was a security breach it was just random accounts that were hacked. But this week applied update on it’s current operating system. According to there website the new website comprise of the following features:

 

For the protection of our customers, Apple does not disclose, discuss, or confirm security issues until a full investigation has occurred and any necessary patches or releases are available. To learn more about Apple Product Security, see the Apple Product Security website.

For information about the Apple Product Security PGP Key, see How to use the Apple Product Security PGP Key.

Where possible, CVE IDs are used to reference the vulnerabilities for further information.

To learn about other Security Updates, see Apple Security Updates.

OS X Server v3.2.1

  • CoreCollaboration

Available for: OS X Mavericks v10.9.5 or later

Impact: A remote attacker may be able to execute arbitrary SQL queries

Description: A SQL injection issue existed in Wiki Server. This issue was addressed through additional validation of SQL queries.

  • CVE-ID

CVE-2014-4424 : Sajjad Pourali (sajjad@securation.com) of CERT of Ferdowsi University of Mashhad

  • CoreCollaboration

Available for: OS X Mavericks v10.9.5 or later

Impact: Visiting a maliciously crafted website may lead to the execution of arbitrary JavaScript

Description: A cross-site scripting issue existed in Xcode Server. This issue was addressed through improved encoding of HTML output.

CVE-ID

CVE-2014-4406 : David Hoyt of Hoyt LLC

  • CoreCollaboration

Available for: OS X Mavericks v10.9.5 or later

Impact: Multiple vulnerabilities in PostgreSQL, the most serious of which may lead to arbitrary code execution

Description: Multiple vulnerabilities existed in PostgreSQL. This issue was addressed by updating PostgreSQL to version 9.2.7.

CVE-ID

CVE-2014-0060

CVE-2014-0061

CVE-2014-0062

CVE-2014-0063

CVE-2014-0064

CVE-2014-0065

CVE-2014-0066

 

 

Is this the end of Facebook Innovation ?

It was very clear last year that Facebook has lost it’s innovation spirit. Facebook bought Instagram in 2012 because they saw it as a competition, which they cannot compete with. One year after they wanted to buy Snapchat, double the price of Instagram but they failed. It is apparent that the company cannot innovate anymore. In 2014 they bought Whatsapp in a deal worth $19bn. There were so many criticism about the deal but the company insisted that they knew what they were doing but what is surprising and a sign of lack of innovation is Facebook introducing chat app on mobile phones whereby users using Android or IOS can only chat using the app. I am not trying to be critic but what is the point of an app that have the same functionality with the app they spent $19bn on or they only bought whatsapp because it is a competition? Facebook need to do more in gamification in order to turn their fans into loyal customers. People/Organizations usually pay for advertisement on site that can spread their message to wider audience, so if Facebook have to different apps one for chatting and the other one for Timeline where should I pay for advert? I rather use whatsapp and other chatting apps for chatting and if I don’t get to chat with my facebook friends then what is the point of having list of friends, their timeline which I have to use another app to chat with?

The fact that even when companies succeed, the only way to survive in the long term is to flee into the future by relentlessly innovating. Many tech analyst define innovation as a way to solve problem but last week Mike Butcher one of the founders of techhub twitted this “@mikebutcher: Admittedly, some tech companies *create* problems to ‘scratch an itch’. E.G. Facebook didn’t solve a problem, as such. It created an itch.”

 

I am not saying that Facebook is not innovative at all but the company is trying to have it all in which they loose concentration which can lead them to a big lost. The likes of Candy Crush is a good way to bring more traffic on the site and at the same many people quit Facebook because they think candy crush invitation is annoying.

 

My thought is that Facebook needs to innovate in order to survive but they should keep this in mind that they cannot have it all. They need to concentrate on one thing, they should be freighted with old attitudes and cultures but they should be free to create one of its own; risk taking, multi cultural and most of all entrepreneurial.