Data breaches are on the rise. Just recently we saw new reports confirming Yahoo! suffered another breach back in 2013. It seems like putting personal information in a website today feels a bit like getting into a car 50 years ago — with minimal seatbelts, no airbags and no testing, you just had to hope to avoid a crash. In the same vein, we just have to hope to avoid a data breach. Read More
The advertising industry let out a collective groan in September when Facebook admitted a “discrepancy” in its reporting that led it to overstate how much time, on average, viewers were watching video. Because the error was huge — numbers were inflated as much as 60-80 percent for two years — and in Facebook’s favor, some were quick to ascribe sinister motives. Read More
Now that Samsung’s flagship Note7 phone is fully recalled and discontinued due to exploding batteries, two questions remain: Why, exactly, did this happen, and how will this impact Samsung financially?
On Friday, Samsung released an estimate on the latter, saying the it expects a “mid-3 trillion won” impact in operating profit for the fourth quarter of 2016 and the first quarter of 2017.
While “mid-3 trillion” is not a very precise figure, 3.5 trillion won translates to $3.09 billion, so that’s the number we’ll have to work with for the time being. Read more…