Seagate Fires 6,500, Or 14% Of Workforce, Stock Soars

Found on Zerohedge on Tuesday, 12 July 2016
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Computer-memory specialist Seagate, in a preliminary financial report, announced that its Q4 revenue would be $2.65 billion, beating expectations of $2.34 billion, and up from the $2.3 billion guidance given previously.

The only problem is that when companies preannounce good news up front, there is usually some not so good news hidden toward the back. And sure enough, for a company which is guiding higher, the narrative promptly fell apart when we read that for STX management the future is so bright that it just had to lay off 14% of it workforce, or some 6,500 people.

Just fire everybody; your stock price will go through the roof. At least 6,500 people now won't think anymore that stock market is the perfect answer to everything.

FTC: Warner Bros. paid YouTubers for positive reviews

Found on Ars Technica on Monday, 11 July 2016
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While the FTC’s complaint against Warner Bros. (PDF) does not mention any specific influencer, the commission’s press release calls out PewDiePie, the world's top-earning YouTube video creator, as one of the so-called influencers that took the studio’s money.

The commission noted that the sponsored videos for Shadow of Mordor were viewed 5.5 million times, with PewDiePie’s sponsored video raking in more than 3.7 million of those views. The Swedish YouTube star was criticized in 2015 for making what some viewers saw as an excessive amount of money, which he deflected in a video that garnered 13 million views.

Money makes the world turn around. Just because some are hailed as newcomer stars who acts like your neighbour from across the street does not mean that they won't take bribes support money and lie try to influence you. It's all about business.

Porn website age verification starts next year and here's what you'll have to do to gain access

Found on Mirror on Sunday, 10 July 2016
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The Government hopes the move will prevent children accessing adult content, either accidentally or deliberately.

The idea of blocking adult content online has been a topic of hot debate since David Cameron launched his porn crackdown in 2014.

The bill also proposes jail terms of up to 10 years for those found guilty of copyright infringement, another idea the government put forward earlier this year.

It's the job of the parents to pay attention to what their kids are doing and how they grow up. However, thanks to politicians who believe that capitalism and market is the answer to everything, parents instead go to work and spend less time with their children. Now everybody has to suffer the censorship because of that.

Brexit: Government rejects petition signed by 4.1 million calling for second EU referendum

Found on The Independent on Saturday, 09 July 2016
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In an official reply, the Foreign Office said 33 million people had had their say and “the decision must be respected”.

“The Prime Minister and Government have been clear that this was a once-in-a-generation vote and, as the Prime Minister has said, the decision must be respected. We must now prepare for the process to exit the EU and the Government is committed to ensuring the best possible outcome for the British people in the negotiations.”

The Government’s decision will come as a blow to those who hoped to find a parliamentary means of stopping Britain’s withdrawal from the bloc.

No matter what you think about the Brexit, a second referendum would have caused more harm in the rest of the EU. A democratic vote is binding and should not be changed because of some online votes with dubious origins.

Ashley Madison admits using fembots to lure men into spending money

Found on Ars Technica on Friday, 08 July 2016
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The scam was simple: when a man signed up for a free account, he almost immediately got a chat or private message from a "woman" whose profile showed a few sexy pictures. To reply to his new lady friend, the man had to pay for an account. In reality, that lady was a few lines of PHP code.

Also in internal company e-mails, executives discussed openly that only about five percent of the site's members were real females.

There's an old rule that still applies: if it sounds too good to be true, it probably is.

UK ISP Sky is about to start censoring the web for all of its customers

Found on Betanews on Thursday, 07 July 2016
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As part of its bid to sanitize and censor the web, Sky -- from the Murdoch stables -- is, as of today, enabling adult content filtering by default for all new customers: Sky Broadband Shield. The company wants to "help families protect their children from inappropriate content", and in a previous experiment discovered -- unsurprisingly -- that content filtering was used by more people if it was automatically enabled.

In summary, Sky will soon be censoring the web for all of its customer, unless a request for this censorship to stop is received. You have been warned.

"Think of the children" again. What an euphemism treadmill.

Japan Says Yes To Mirrorless Cars

Found on Carscoops on Wednesday, 06 July 2016
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It’s clear that, at one point, glass mirrors will be a thing of the past, as companies will drop them in favor of video screens, but until then, they’ll have to wait for the legislation to change.

Named the Smart Rear View Monitor, it entered production June 28 for a customer that will use it in a vehicle that goes on sale in Japan in August, although Ichikoh identified the customer only as a Japanese carmaker with plans to use the video monitor in a mid-range, low-volume nameplate.

Wait until your "mirror" bluescreens, or the display or camera fails. The classic approach has proven to be efficient, simple and fault tolerant. There is no reason to replace it with technology that only adds several more points of failures.

FBI: Clinton 'Should Have Known' Private Email Server 'No Way To Handle Classified Info'

Found on Techdirt on Tuesday, 05 July 2016
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FBI Director James Comey just held a press conference detailing the FBI's findings during its investigation of Hillary Clinton's use of a private email server. The findings are irrefutably ugly.

There was no built-in archival function in Clinton's private server setup, a basic feature considered essential by professionals.

It also discovered Clinton hired some smart lawyers: "lawyers cleaned their devices in such a way as to preclude complete forensic recovery."

Others lower on the political ladder -- or, god forbid, just average voting Americans -- are far less likely to receive this much deference from the nation's top prosecutors.

Another example that justice is not blind.

Top Gear star Chris Evans steps down after one season

Found on The Verge on Monday, 04 July 2016
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The first series of the show had poor ratings, with fewer than 2 million viewers tuning into its series finale this weekend — lower than any episode helmed by Clarkson.

In a press statement, Evans added: "I feel like my standing aside is the single best thing I can now do to help the cause. I remain a huge fan of the show, always have been, always will be. I will continue to focus on my radio show and the allied events that it encompasses."

Clarkson, May, and Hammond are still in business and continue what they did, just with a different name. How could anybody at the BBC think for just a second that they could compete with their entirely new crew?

Hordes of Fake Users Scamming Social Media, eCommerce Sites

Found on eWEEK on Sunday, 03 July 2016
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Why do tech companies and other startups create fake users? As with Pied Piper, one reason is to convince real users that a Web-based service is popular and, therefore, more appealing.

Amazon recently filed lawsuits against three sellers for using sock puppet accounts to post fake reviews. (They posed as consumers but were in fact "reviewing" their own products. And these sellers were allegedly prolific—some 30 to 45 percent of the companies' reviews were fake.

According to one report, about 8 percent of presidential candidate Donald Trump and 7 percent of Hillary Clinton's Twitter followers are fake accounts. That estimate is conservative—some reports say the majority of the candidates' social media followers are fake.

Shocking news? No. That should not surprise anybody who has spent more than 5 minutes online. Often sockpuppets are easy to spot, especially on sites where you can buy something. So it is only logical to assume that apart from those bad puppets there are more better ones. In times where likes, views and followers are everything, people stopped caring about who truly is behind those numbers.