Facebook is walloped with $5 billion fine (The Daily… Now playing: Watch this: Smart displays let Amazon, Facebook, Google show you answers to your questions Share your voice It’s a big thumbs-up for Facebook when it comes to attracting and keeping users. James Martin/CNET Facebook said Wednesday that the Federal Trade Commission opened an antitrust investigation into the company, but the heightened regulatory scrutiny doesn’t appear to have slowed down the social network’s growth.The new investigation came on the same day that the Federal Trade Commission announced that it was hitting Facebook with a record $5 billion fine for its earlier privacy mishaps. It also comes a day after the US Department of Justice said it was looking into anti-competition concerns surrounding “market-leading online platforms,” such as social media firms, suggesting that the review would impact Facebook. Still, Facebook showed that users continue to log into the site in massive numbers. The world’s largest social network said that 2.41 billion people now log into Facebook every month, an 8% increase compared to the same period last year. Facebook reported $16.9 billion in revenue in the second quarter, which ran from April to June. That’s above the $16.5 billion that analysts surveyed by Thomson Reuters expected on average.The social network made $2.6 billion in the second quarter. It earned 91 cents per share, falling short of expectations of $1.85. It said that the earnings included several expenses such as the legal costs of the FTC settlement. Facebook FTC Tags Comments Originally published July 24, 1:15 p.m. PTUpdate, 1:21 p.m. PT: Adds background about FTC antitrust investigation and statement from Zuckerberg.Update, 3:36 p.m. PT: Adds comments from earnings call and remarks from analyst. 7:37 5 Facebook revealed little about the new FTC investigation, which it was notified of in June. The FTC didn’t immediately respond to a request for comment. Facebook CEO and co-founder Mark Zuckerberg didn’t address the antitrust concerns in a call with analysts, but vowed to protect user privacy and monitor developers who access data through Facebook’s platform.”This is a major shift for us,” he said. “We’ve built services that billions of people trust every day to communicate with the people they care about. Privacy has always been important to the services we provide and now it’s even more central to our future vision for social networking.”Facebook is expecting people to share more in the social network’s private spaces such as messaging, groups and Stories, a feature that lets you post photos and videos that vanish in 24 hours. At the same time, the company has been expanding into payments, virtual reality, e-commerce, cryptocurrency and other areas. Earlier in the day, Facebook agreed to form a new board committee to help protect user privacy as part of a separate settlement with the FTC. The fine is the largest ever against a company for mishandling of consumer privacy, the FTC said. Lawmakers and advocacy groups argue that the deal didn’t address the core problem: Facebook’s ad business relies on collecting user data.The FTC has been investigating the company since revelations last year that UK political consultant firm Cambridge Analytica harvested the data of up to 87 million users without their consent. The firm, which worked on President Donald Trump’s 2016 campaign, got the data through the owner of a quiz app that scraped information from Facebook users and their friends. The deal isn’t the end of the scrutiny that Facebook is facing from regulators in the US and abroad. The social network is also planning to launch a new cryptocurrency called Libra in 2020, a move that sparked a backlash from lawmakers and nonprofits that think the company should temporarily halt these efforts. Zuckerberg said that the company will work with regulators before launching the cryptocurrency.”We get that these are really important sensitive spaces so our approach has been to try to have a very open dialogue about it,” he said. “Facebook from a few years ago would have probably just showed up and released a product on our own.”Facebook’s stock jumped more than 1% but then dipped after the company’s CFO Dave Wehner said that the company expected revenue growth to slow in the fourth quarter and in 2020 because of a European data protection law, changes to operating systems and product changes that “put privacy more front and center.” The company’s stock is still up less than 1% in after-hours trading to $206.10 per share.Debra Aho Williamson, an analyst with eMarketer, said in a statement that advertisers are still on Facebook because of its massive audience and ad targeting. Still, they’re also paying more attention to the social network’s problems. “Today’s FTC settlement doesn’t appear to have direct impact on Facebook’s business, but there is no reason to think that other regulatory or governmental investigations won’t have an impact in the future,” she said. Mobile Tech Industry 14 Photos
Dheeraj Sharma with Aamir KhanPR HandoutFrom working in the hospitality industry to starting his own event management venture, celebrity manager Dheeraj Sharma’s journey is quite inspiring. He is the CEO of Red Diamond Hospitality and has created a great spot for himself in the entertainment industry.His career in the hospitality industry began in 2010 when he received his accreditation in hotel management from Delhi. Post that, he worked with several 5-star hotels but he realised that he wants to do something else in the filed.In 2012, he started his own company Red Diamond Hospitality (RDH) which first covered small events in Haryana. However, to make it big, he started doing events in Delhi and NCR and his work did not go unnoticed, which helped him work for events in different parts of the country.Dheeraj’s Red Diamond Hospitality have handled events, weddings and full length shows and worked with popular celebrities like Gurdaas Mann, Sharyn Mann, Daler Mehndi, Kailash Kher, Sonu Nigam, Pankaj Udhaas Shaan, KK, and Nizami Bandhu/ Brothers. He worked as celebrity manager for Sahid Kapoor, Randeep Hooda, Prem Chopra, Vivek Oberoi, Mahima Chaudhury, Shilpa Shetty, Sunil Grover, Kapil Sharma, Ali, Raju Srivastav, Terrance Lewis, Dharmesh, and Rimi Sen and many more.
Bangladesh prime minister Sheikh Hasina, her Indian counterpart Narendra Modi and West Bengal chief minister Mamata Banerjee. UNB File PhotoPrime minister Sheikh Hasina, her Indian counterpart Narendra Modi and West Bengal chief minister Mamata Banerjee on Monday jointly inaugurated the HVDC (2nd Block) station at Bheramara in Kushtia.The power station has been set up for the import of additional 500MW of power from India by Bangladesh.The Bangladesh and Indian prime ministers also jointly inaugurated the rehabilitation of Kulaura- Shahbazpur section of Bangladesh Railway.Besides, the Bangladesh and Indian PMs and Tripura chief minister Biplab Kumar Dey jointly inaugurated the construction work on Akhaura-Agartala dual gauge railway link (Bangladesh portion).
Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. 2 min read Distractions are inevitable when you’re wrapped up in the whirlwind of starting your own company or fighting for a promotion. Putting the finishing touches on your business plan, meeting with potential investors, finding and instructing a reliable team and hunting online for the best tools and equipment will pull you in a thousand directions at once.All of that energy creates plenty of excitement, but it also makes it hard to buckle down and focus on attention-heavy tasks when you need to crunch numbers or make tough choices. Whether you’re building the foundations for your own business or helping someone else launch their fresh concept, there’s a lot to keep track of — and staying on top of everything can help you earn the profits (and raises) you deserve.Popping in some earbuds and queueing up your favorite playlist can help block out distracting sounds, but not all tunes are created equal when it comes to focused attention. Some music is better than others when it comes to concentrating, and a lifetime premiums subscription to Focus@Will gives you unlimited access to the best playlists for your workday mindset.Focus@Will has a 4.5-star rating from more than 400 reviews in Apple’s App Store. It’s used by employees at Apple, Microsoft, SpaceX, and Amazon who need help paying attention to what’s in front of them. This app is more than just a playlist: it’s curated music for productivity. The channels are scientifically optimized to reduce distractions and help you check off everything on your to-do list.There are more than 50 channels at your disposal, including acoustic, focus spa, classical piano, and electro Bach. You can’t find the music on Focus@Will anywhere else: each track has been digitally edited, remastered and re-produced to remove any distracting elements and keep you focused. Focus@Will’s tunes have been proven to increase your productivity by up to 400%.A lifetime premium subscription to Focus@Will usually costs $299.95, but right now you can improve your productivity at work for only $69.95 (76 percent off). April 9, 2019 Growing a business sometimes requires thinking outside the box. Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global Register Now »
Posted by << Previous PostNext Post >> Monday, April 10, 2017 CHICAGO — Three security officials dragged a passenger from a United Airlines flight at Chicago’s O’Hare International Airport when the man reportedly refused to leave his seat after being asked to deplane because the flight was overbooked.A statement from United says “Flight 3411 from Chicago to Louisville was overbooked. After our team looked for volunteers, one customer refused to leave the aircraft voluntarily and law enforcement was asked to come to the gate.”United said it apologized “for the overbook situation.”One passenger posted the video on Facebook. It shows the guards grabbing then dragging the passenger down the aisle. Screaming is heard and other passengers say “Oh my God” and “Look at what you did to him.”United said airline representatives chose four passengers at random when no volunteers agreed to leave the overbooked flight. They requested law enforcement assistance when one of them refused to leave.The passenger who posted the video said United asked for four passengers to relinquish their seats for airline employees on stand-by. Travelweek Group Share Tags: United Airlines Video goes viral of guards dragging bumped passenger off United flight