Facebook

Meta and Google Are Cutting Staff. Just Don't Mention Layoffs. (wsj.com) 37

In response to stalling growth and intense competition, Meta Platforms executives have spoken of cost cuts, hiring freezes and "ruthless prioritization." One word the company hasn't used: layoffs. From a report: But Meta has begun quietly nudging out a significant number of staffers by reorganizing departments and giving affected employees a limited window to apply for other roles within the company, according to current and former managers familiar with the matter, in a move that achieves staffing cuts while forestalling the mass issuance of pink slips. The reductions are expected to be a prelude to deeper cuts, with Meta looking to trim its costs by at least 10% within the next few months, according to people informed of the company's plans. While some savings will come from cuts to overhead and consulting budgets, the people said, much of it is expected to come from reduced employment. In response to questions, Meta spokesman Tracy Clayton referred to Chief Executive Mark Zuckerberg's July statement that the company would need to reallocate resources toward corporate priorities as pressures mount on the business.
Google

Google Partners With Framework To Launch Upgradable and Customizable Chromebook (theverge.com) 14

Framework and Google have announced the new Framework Laptop Chromebook Edition. As the name implies, this is an upgradable, customizable Chromebook from the same company that put out the Framework laptop last year. From a report: User-upgradable laptops are rare enough already, but user-upgradable Chromebooks are nigh unheard of. While the size of the audience for such a device may remain to be seen, it's certainly a step in the right direction for repairability in the laptop space as a whole. Multiple parts of the Framework are user-customizable, though it's not clear whether every part that's adjustable on the Windows Framework can be adjusted on the Chromebook as well. Each part has a QR code on it which, if scanned, brings up the purchase page for the part's replacement. Most excitingly (to me), the Chromebook Edition includes the same expansion card system as the Windows edition, meaning you can choose the ports you want and where to put them. I don't know of any other laptop, Windows or Chrome OS, where you can do this, and it's easily my personal favorite part of Framework's model. You can choose between USB-C, USB-A, microSD, HDMI, DisplayPort, Ethernet, high-speed storage, "and more," per the press release. HDMI, in particular, is a convenient option to have on a Chromebook.
AI

Getty Images Bans AI-Generated Content Over Fears of Legal Challenges (theverge.com) 45

Getty Images has banned the upload and sale of illustrations generated using AI art tools like DALL-E, Midjourney, and Stable Diffusion. From a report: It's the latest and largest user-generated content platform to introduce such a ban, following similar decisions by sites including Newgrounds, PurplePort, and FurAffinity. Getty Images CEO Craig Peters told The Verge that the ban was prompted by concerns about the legality of AI-generated content and a desire to protect the site's customers. "There are real concerns with respect to the copyright of outputs from these models and unaddressed rights issues with respect to the imagery, the image metadata and those individuals contained within the imagery," said Peters. Given these concerns, he said, selling AI artwork or illustrations could potentially put Getty Images users at legal risk. "We are being proactive to the benefit of our customers," he added. One of Getty Images' biggest competitors, Shutterstock, also seems to be limiting some searches for AI content but hasn't yet introduced specific policies banning the material.
The Internet

Comcast Promises Huge Boost To Cable Upload Speeds By End of 2023 (arstechnica.com) 80

Comcast announced today that it has tested "the final technical component necessary to deliver multi-gigabit symmetrical speeds" and said it's on track to deliver multi-gigabit download and upload speeds to at least some cable customers "before the end of 2023." The test using Broadcom equipment delivered download speeds of 6Gbps and uploads of 4Gbps, Comcast said. Ars Technica reports: Cable broadband lags far behind fiber-to-the-home in upload speeds, a frustration for many Internet users who lack access to fiber. Comcast and other cable companies have been promising a major upgrade to uploads for years without ever saying exactly when the improvement would reach customers. Comcast is starting to get a bit more specific -- although that "end of 2023" promise doesn't specify what percentage of customers will get the upgrade when it first rolls out. Upgrading Comcast's entire cable territory is expected to be a multi-year process.

"With this test completed, Comcast will launch live trials later this year, and will begin delivering 10G-powered multi-gig symmetrical services to customers before the end of 2023," Comcast said. (10G is a marketing term the cable industry uses to describe 10-gigabit-per-second speeds.) Comcast did not say what it will charge customers for multi-gigabit symmetrical service or whether the upgrade will be paired with any changes to the data cap imposed in most of Comcast's territory. Although the upgrade won't require replacing the cables going into customers' homes, getting all the right equipment in place throughout Comcast's network will take a few years.

Transportation

Denmark and Germany Now Building the World's Longest Immersed Tunnel (cnn.com) 78

Descending up to 40 meters beneath the Baltic Sea, the world's longest immersed tunnel will link Denmark and Germany, slashing journey times between the two countries when it opens in 2029. CNN Travel reports: After more than a decade of planning, construction started on the Fehmarnbelt Tunnel in 2020 and in the months since a temporary harbor has been completed on the Danish side. It will host the factory that will soon build the 89 massive concrete sections that will make up the tunnel. "The expectation is that the first production line will be ready around the end of the year, or beginning of next year," said Henrik Vincentsen, CEO of Femern A/S, the state-owned Danish company in charge of the project. "By the beginning of 2024 we have to be ready to immerse the first tunnel element."

The tunnel, which will be 18 kilometers (11.1 miles) long, is one of Europe's largest infrastructure projects, with a construction budget of over 7 billion euros ($7.1 billion). [...] It will be built across the Fehmarn Belt, a strait between the German island of Fehmarn and the Danish island of Lolland, and is designed as an alternative to the current ferry service from Rodby and Puttgarden, which carries millions of passengers every year. Where the crossing now takes 45 minutes by ferry, it will take just seven minutes by train and 10 minutes by car. The tunnel, whose official name is Fehmarnbelt Fixed Link, will also be the longest combined road and rail tunnel anywhere in the world. It will comprise two double-lane motorways -- separated by a service passageway -- and two electrified rail tracks.
"Today, if you were to take a train trip from Copenhagen to Hamburg, it would take you around four and a half hours," says Jens Ole Kaslund, technical director at Femern A/S, the state-owned Danish company in charge of the project. "When the tunnel will be completed, the same journey will take two and a half hours."

"Today a lot of people fly between the two cities, but in the future it will be better to just take the train," he adds. The same trip by car will be around an hour faster than today, taking into account time saved by not lining up for the ferry.
Youtube

YouTube Targets TikTok With Revenue Sharing For Shorts, Partner Program Expansion (techcrunch.com) 23

Today, YouTube announced major changes to its YouTube Partner Program, allowing creators to earn ad revenue on Shorts, its TikTok competitor. TechCrunch reports: Now, Shorts creators can qualify for the Partner Program, which allows creators to earn ad revenue from YouTube. The existing Partner Program requires YouTubers to have over 1,000 subscribers and 4,000 watch hours in the last year. Now, Shorts creators can join the Partner Program if they have at least 10 million views on the platform over the last 90 days. As members of the Partner Program, these creators will earn 45% of ad revenue from their videos.

"I'm proud to say this is the first time real revenue sharing is being offered for short form video on any platform at scale," said YouTube Chief Product Officer Neal Mohan. He's right. TikTok has started experimenting with ad revenue sharing, but its efforts seem to focus more on the advertiser than the creator, as only the top 4% of all videos on TikTok can be monetized through its TikTok Pulse program. For the most part, creators have found it increasingly difficult to make money from TikTok's Creator Fund. [...]

YouTube Shorts is poised to become TikTok's biggest competitor. If creators can make more money on Shorts than on TikTok, then they're incentivized to make original content for the YouTube platform. YouTube also shared that this update to the Partner Program will enable the platform to license more music for use in Shorts, which could help encourage creators to use Shorts more often. Creators in the program will be compensated the same, regardless of whether they use licensed music. YouTube also unveiled Creator Music, now in beta testing. Creators can browse a large catalog of songs to purchase for use in their content, with the terms of the music rights spelled out in simple terms. They'll also be able to opt for tracks with new revenue-sharing option where both creators and music rights holders earn money from their content.

Facebook

46 States Ask Appeals Court To Reinstate Facebook Lawsuit (reuters.com) 13

A big group of U.S. states, led by New York, has argued to an appeals court that it should reinstate an antitrust lawsuit against Meta's Facebook because of ongoing harm from the company's actions and because the states had not waited too long to file their complaint. From a report: Barbara Underwood, solicitor general of New York which led the group that consists of 46 states, Guam and District of Columbia, said that it was wrong to treat states like a class action and put a limit on when they can sue. States not involved are Alabama, Georgia, South Carolina and South Dakota. She said the states' action was more akin to law enforcement so "laches," which forbids an unreasonable delay in filing, would not apply. She said that Facebook's actions harmed the economy and the marketplace. The states are asking the three-judge panel on U.S. Court of Appeals for the District of Columbia to reinstate a lawsuit filed in 2020, the same time that the U.S. Federal Trade Commission sued the company. Both the FTC and the states had asked the court to order Facebook to sell Instagram, which it bought for $1 billion in 2012, and WhatsApp, which it bought for $19 billion in 2014. The FTC fight with Facebook is going forward.
United States

Advocacy Group Asks FCC To Probe Efficacy of Wireless Industry's Voluntary Phone Unlocking Commitments 24

A public interest group has asked the Federal Communications Commission (FCC) to look at whether the wireless industry's voluntary phone unlocking commitments are even effective, claiming the practice harms competition. From a report: The advocacy group, Public Knowledge, met with FCC staffers last week and filed the comment shortly afterwards, arguing the practice of locking phones to a network makes it "more difficult for consumers to change carriers," reduces the number of devices available on the secondary market, and hurts smaller players on the scene. The nonprofit filed the request as part of an ongoing investigation by the FCC into the State of Competition in the Communications Marketplace, conducted biennially by the agency. The group is hoping the agency will throw its weight behind policy efforts to change this.

Americans can unlock their handsets from the services of the carrier that sold it to them, but the procedure can be a headache. The fact that consumers can unlock them free of charge came about in 2015, when carriers were told to give customers a "penalty-free" way to unlock them under the Unlocking Consumer Choice and Wireless Competition Act. The Act allows "circumvention (unlocking) to be initiated by the owner" but only "when such connection is authorized by the operator of such network" -- after their service contracts expire. Public Knowledge added that the practice of locking phones disadvantages low-income customers and places a "burden on smaller carriers, new entrants, and MVNOs in particular... due to a lack of handset availability," compounded "by the competitive disadvantages caused by agreements between the handset manufacturers and the larger service provides like AT&T, Verizon and T-Mobile, which smaller carriers may not be able to negotiate."
Businesses

Amazon's $1.7 Billion Proposed Purchase of Roomba Maker Under FTC Investigation (wsj.com) 22

Federal antitrust enforcers are investigating Amazon proposal to buy Roomba maker iRobot, according to a securities filing. WSJ: The Federal Trade Commission this week formally requested documents from both companies explaining the proposed $1.7 billion deal's purpose and rationale, iRobot disclosed on Tuesday. The FTC's review is the latest investigation involving Amazon. The agency also is examining Amazon's $3.9 billion deal to buy 1Life Healthcare, which operates One Medical primary-care clinics in 25 U.S. markets.

The filing by iRobot said both companies would cooperate with the FTC's investigation and expect to promptly reply to the FTC's request. After an investigation, which typically takes up to a year, the FTC can sue to block a merger, seek concessions such as divestitures or decline to take action, allowing a deal to close. The FTC under Chairwoman Lina Khan is taking a skeptical view of acquisitions by technology giants, saying the deals often hurt competition and give the incumbent firms control over valuable consumer data. The agency recently sued to block Meta Platforms from acquiring Within Unlimited and its virtual-reality dedicated fitness app, Supernatural. Amazon says it has been "very good stewards of peoples' data across all of our businesses" and that it isn't acquiring iRobot to gather intelligence from inside customers' homes. The Roomba is a consumer-oriented vacuum cleaner that collects data about its users' homes using cameras, sensors, artificial intelligence and machine learning.

Software

Apple To Hike App Store Prices Across Europe and Some Parts of Asia Next Month (theverge.com) 28

Apple says it will increase App Store prices across Europe and in some Asian markets next month as currencies weaken against the strong US dollar. The price increases will effect both in-app purchases and regular apps on the App Store starting on October 5th. From a report: All countries using the Euro, Sweden, South Korea, Chile, Egypt, Malaysia, Pakistan, Vietnam, and Japan will be affected by the price hikes. All Euro markets, except Montenegro, will see the base $0.99 app pricing move to $1.19 next month, a 20 percent jump. In Japan the hikes are more than 30 percent, amid the yen dropping to a new 24-year low against the US dollar.
Microsoft

Microsoft Rolls Out Windows 11 2022 Update (windows.com) 95

Microsoft on Tuesday said it's starting to release the first major update to Windows 11, the current version of its PC operating system. The company said the update is aimed at making PCs easier and safer to use and improve productivity. Some excerpts detailing new features from Windows blog: Windows 11 brought a sense of ease to the PC, with an intuitive design people love. We're building on that foundation with new features to ensure the content and information you need is always at your fingertips, including updates to the Start menu, faster and more accurate search, Quick Settings, improved local and current events coverage in your Widgets board, and the No. 1 ask from you, tabs in File Explorer. All of this helps Windows anticipate your needs and save you time. [...] The PC has always been where people come to get things done -- especially when it comes to tackling complex tasks. With enhancements to Snap layouts, the new Focus feature, and performance and battery optimizations, the new Windows 11 2022 update will help you be your most productive yet. Snap layouts on Windows 11 have been a game changer for multitasking, helping people optimize their view when they need to have multiple apps or documents in front of them at the same time. With the new update, we're making Snap layouts more versatile with better touch navigation and the ability to snap multiple browser tabs in Microsoft Edge. We're introducing Focus sessions and Do Not Disturb to help you minimize distractions that pull you away from the task at hand.

[...] We also want to continue to make Windows the best place to play games. This update will deliver performance optimizations to improve latency and unlock features like Auto HDR and Variable Refresh Rate on windowed games. And with Game Pass built right into Windows 11 through the Xbox app, players can access hundreds of high-quality PC games. Having the right content fuels a great PC experience. A year ago, we redesigned the Microsoft Store on Windows to be more open and easier-to-use -- a one-stop shop for the apps, games and TV shows you love. Today, through our partnership with Amazon, we are expanding the Amazon Appstore Preview to international markets, bringing more than 20,000 Android apps and games to Windows 11 devices that meet the feature-specific hardware requirements. In addition to a growing catalog of apps and games, we are also excited to share that we are moving to the next stage of the Microsoft Store Ads pilot -- helping developers get content in front of the right customers. [...] Windows 11 provides layers of hardware and software integrated for powerful, out-of-the box protection from the moment you start your device -- and we're continuing to innovate. The new Microsoft Defender SmartScreen identifies when people are entering their Microsoft credentials into a malicious application or hacked website and alerts them.

Microsoft

Microsoft Commits To Updating Windows 11 Once Per Year, and Also All the Time (arstechnica.com) 44

An anonymous reader shares a report: When ArsTechnica reviewed Windows 11 last fall, one of its biggest concerns was that it would need to wait until the fall of 2022 to see changes or improvements to its new -- and sometimes rough -- user interface. Nearly a year later, it's become abundantly clear that Microsoft isn't holding back changes and new apps for the operating system's yearly feature update. One notable smattering of additions was released back in February alongside a commitment to "continuous innovation." Other, smaller updates before and since (not to mention the continuously-updated Microsoft Edge browser) have also emphasized Microsoft's commitment to putting out new Windows features whenever they're ready.

There's been speculation that Microsoft could be planning yet another major shake-up to Windows' update model, moving away from yearly updates that would be replaced by once-per-quarter feature drops, allegedly called "Moments" internally. These would be punctuated by larger Windows version updates every three years or so. As part of the PR around the Windows 11 2022 Update (aka Windows 11 22H2), the company has made clear that none of this is happening. "Windows 11 will continue to have an annual feature update cadence, released in the second half of the calendar year that marks the start of the support lifecycle," writes Microsoft VP John Cable, "with 24 months of support for Home and Pro editions and 36 months of support for Enterprise and Education editions." These updates will include their own new features and changes, as the 2022 Update does, but you'll also need to have the latest yearly update installed to continue to get additional feature updates via Windows Update and the Microsoft Store. As for the Windows 12 rumors, Microsoft simply told Ars it has "no plans to share today." This stance leaves the company plenty of room to change its plans tomorrow or any day after that. But we can safely say that a new numbered version of Windows won't happen in the near future. For smaller changes that aren't delivered as part of a yearly feature update or via a Microsoft Store update, Microsoft will use something called Controlled Feature Rollout (CFR) to test features with a subset of Windows users rather than delivering them to everyone all at once.

AI

Academic Publishers Turn To AI Software To Catch Bad Scientists Doctoring Data (theregister.com) 39

Shady scientists trying to publish bad research may want to think twice as academic publishers are increasingly using AI software to automatically spot signs of data tampering. The Register: Duplications of images, where the same picture of a cluster of cells, for example, is copied, flipped, rotated, shifted, or cropped is, unfortunately, quite common. In cases where the errors aren't accidental, the doctored images are created to look as if the researchers have more data and conducted more experiments then they really did. Image duplication was the top reason papers were retracted for the American Association for Cancer Research (AACR) over 2016 to 2020, according to Daniel Evanko, the company's Director of Journal Operations and Systems. Having to retract a paper damages the authors and the publishers' reputation. It shows that the quality of work from the researchers was poor, and the editor's peer review process missed mistakes.

To prevent embarrassment for both parties, academic publishers like AACR have turned to AI software to detect image duplication before a paper is published in a journal. The AACR started trialling Proofig, an image-checking programme developed by a startup going by the same name as their product based in Israel. Evanko presented results from the pilot study to show how Proofig impacted AACR's operations at the International Congress on Peer Review and Scientific Publication conference held in Chicago this week. AACR publishes ten research journals and reviews over 13,000 submissions every year. From January 2021 to May 2022, officials used Proofig to screen 1,367 manuscripts that had been provisionally accepted for publication and contacted authors in 208 cases after reviewing image duplicates flagged by the software. In most cases, the duplication is a sloppy error that can be fixed easily. Scientists may have accidentally got their results mixed up and the issue is often resolved by resubmitting new data. On rare occasions, however, the dodgy images highlighted by the software are a sign of foul play.

Privacy

Indonesia Parliament Passes Long-Awaited Data Protection Bill (reuters.com) 4

Indonesia's parliament passed into law on Tuesday a personal data protection bill that includes corporate fines and up to six years imprisonment for those found to have mishandled data in the world's fourth most populous country. From a report: The bill's passage comes after a series of data leaks and probes into alleged breaches at government firms and institutions in Indonesia, from a state insurer, telecoms company and public utility to a contact-tracing COVID-19 app that revealed President Joko Widodo's vaccine records. Lawmakers overwhelmingly approved the bill, which authorises the president to form an oversight body to fine data handlers for breaching rules on distributing or gathering personal data. The biggest fine is 2% of a corporation's annual revenue and could see their assets confiscated or auctioned off. The law includes a two-year "adjustment" period, but does not specify how violations would be addressed during that phase. The legislation stipulates individuals can be jailed for up to six years for falsifying personal data for personal gain or up to five years for gathering personal data illegally.
Medicine

Tech Workers Paying To Get Taller (gq.com) 330

joshuark writes: A Las Vegas surgeon reports tech workers are paying $70,000 to $150,000 to get surgery to increase their height by 3-inches. The doctor is paid to break their legs (both femurs) and then inserts adjustable metal nails that are slowly tweaked over time. "I joke that I could open a tech company," Dr. Kevin Debiparshad told GQ. "I got, like, 20 software engineers doing this procedure right now who are here in Vegas. There was a girl" -- because girls can be tech bros too. -- "yesterday from PayPal. I've got patients from Google, Amazon, Facebook, Microsoft. I've had multiple patients from Microsoft."

A new twist, borrow $70K to $150K from a loan shark in Las Vegas, and they'll break your legs later...
"Since the onset of the pandemic's work-from-home era, the LimbplastX Institute (where Dr. D performs his procedures) has been seeing twice its normal number of patients, and sometimes as many as 50 new people a month," reports GQ. "That claim is backed up by a BBC report suggesting that hundreds of men in the U.S. are now undergoing the procedure every year."

"According to a 2009 study of Australian men, short guys make less money than their taller peers (about $500 a year per inch); are less likely to climb the corporate ladder (according to one survey, the average height of a male Fortune 500 CEO is six feet); and, for the cis and straight among us, have fewer romantic opportunities with women (a 2013 study conducted in the Netherlands found that women were taller than their male partners in just 7.5 percent of cases)," adds the report. "The promise of Dr. D's institute is that, for a price, you too can increase your odds of becoming a Fortune 500 CEO. And people are willing to pay..."
Data Storage

Last Floppy-Disk Seller Says Airlines Still Order the Old Tech (businessinsider.com) 61

Tom Persky, the founder of floppydisk.com who claims to be the "last man standing in the floppy disk business," said that the airline industry is one of his biggest customers. He talked about this in the new book "Floppy Disk Fever: The Curious Afterlives of a Flexible Medium" by Niek Hilkmann and Thomas Walskaar. Insider reports: "My biggest customers -- and the place where most of the money comes from -- are the industrial users," Persky said, in an interview from the book published online in Eye On Design last week. "These are people who use floppy disks as a way to get information in and out of a machine. Imagine it's 1990, and you're building a big industrial machine of one kind or another. You design it to last 50 years and you'd want to use the best technology available."

Persky added: "Take the airline industry for example. Probably half of the air fleet in the world today is more than 20 years old and still uses floppy disks in some of the avionics. That's a huge consumer." He also said that the medical sector still uses floppy disks. And then there's "hobbyists," who want to "buy ten, 20, or maybe 50 floppy disks."

Social Networks

Children May Be Losing the Equivalent of One Night's Sleep a Week From Social Media Use, Study Suggests (businessinsider.com) 31

Children under 12 may be losing the equivalent of one night's sleep every week due to excessive social media use, a new study suggests. Insider reports: Almost 70% of the 60 children under 12 surveyed by De Montfort University in Leicester, UK, said they used social media for four hours a day or more. Two thirds said they used social media apps in the two hours before going to bed. The study also found that 12.5% of the children surveyed were waking up in the night to check their notifications.

Psychology lecturer John Shaw, who headed up the study, said children were supposed to sleep for between nine to 11 hours a night, per NHS guidelines, but those surveyed reported sleeping an average of 8.7 hours nightly. He said: "The fear of missing out, which is driven by social media, is directly affecting their sleep. They want to know what their friends are doing, and if you're not online when something is happening, it means you're not taking part in it. "And it can be a feedback loop. If you are anxious you are more likely to be on social media, you are more anxious as a result of that. And you're looking at something, that's stimulating and delaying sleep."
"TikTok had the most engagement from the children, with 90% of those surveyed saying they used the app," notes Insider. "Snapchat was used by 84%, while just over half those surveyed said they used Instagram."
The Internet

NYC to Offer Free Broadband to 300,000 Public Housing Residents (bloomberg.com) 74

New York City is partnering with Charter and Altice to provide free high-speed internet and basic cable TV service to about 300,000 residents of public housing. Bloomberg reports: Called "Big Apple Connect," the program aims to bridge the digital divide between wealthier residents and lower-income people who lack the tools necessary for remote learning, access to health care and job opportunities, city officials said. An estimated 30% to 40% of people who live in buildings run by the New York City Housing Authority lack broadband, according to the cable providers. The city plans to have the service available in more than 200 NYCHA buildings by the end of 2023.

The program differs from a previous short-term promotion by Altice's Optimum and Charter's Spectrum that gave New York City students free internet service after the pandemic hit. Some parents said they were duped into signing up for paid subscriptions after the promotion ended. Under a three-year agreement with the providers, New York will pick up the cost at about $30 per household. The city is in talks with a third major cable TV carrier in the city, Verizon, to join the program. NYCHA residents enrolled in Big Apple Connect will still be able to use the federal Affordable Connectivity Program benefit to save money on their cell phone bills and provide discount of up to $30 per month toward internet and cellular data service, city officials said.

Security

Microsoft Edge, Google Chrome Enhanced Spellcheck Feature Exposes Passwords (neowin.net) 28

Recent research from the otto-js Research Team has uncovered that data that is being checked by both Microsoft Editor and the enhanced spellcheck setting within Google Chrome is being sent to Microsoft and Google respectively. This data can include usernames, emails, DOB, SSN, and basically anything that is typed into a text box that is checked by these features. Neowin reports: As an additional note, even passwords can be sent by these features, but only when a 'Show Password' button is pressed, which converts the password into visible text, which is then checked. The key issue resolves around sensitive user personally identifiable information (PII), and this is a key concern for enterprise credentials when accessing internal databases and cloud infrastructure.

Some companies are already taking action to prevent this, with both AWS and LastPass security teams confirming that they have mitigated this with an update. The issue has already been dubbed 'spell-jacking'. What's most concerning is that these settings are so easy to enable by users, and could result in data exposure without anyone ever realising it. The team at otto-js ran a test of 30 websites, across a range of sectors, and found that 96.7% of them sent data with PII back to Google and Microsoft. At present, the otto-js Research Team recommends that these extensions and settings are not used until this issue is resolved.

Facebook

Mark Zuckerberg's $71 Billion Wealth Wipeout Puts Focus On Meta's Woes (bloomberg.com) 83

An anonymous reader quotes a report from Bloomberg: Mark Zuckerberg's pivot into the metaverse has cost him dearly in the real world. Even in a rough year for just about every US tech titan, the wealth erased from the chief executive officer of Meta stands out. His fortune has been cut in half and then some, dropping by $71 billion so far this year, the most among the ultra-rich tracked by the Bloomberg Billionaires Index. At $55.9 billion, his net worth ranks 20th among global billionaires, his lowest spot since 2014 and behind three Waltons and two members of the Koch family.

It was less than two years ago when Zuckerberg, 38, was worth $106 billion and among an elite group of global billionaires, with only Jeff Bezos and Bill Gates commanding bigger fortunes. His wealth swelled to a peak of $142 billion in September 2021, when the company's shares reached as high as $382. The following month, Zuckerberg introduced Meta and changed the company's name from Facebook And it's been largely downhill from there as it struggles to find its footing in the tech universe.

Its recent earnings reports have been dismal. It started in February, when the company revealed no growth in monthly Facebook users, triggering a historic collapse in its stock price and slashing Zuckerberg's fortune by $31 billion, among the biggest one-day declines in wealth ever. Other issues include Instagram's bet on Reels -- its answer to TikTok's short-form video platform -- even though it's worth less in advertising revenue, while the industry overall has been affected by lower marketing spending due to concerns over an economic slowdown. The stock is also being dragged down by the company's investments in the metaverse, said Laura Martin, senior internet analyst at Needham & Co. Zuckerberg has said he expects the project will lose "significant" amounts of money in the next three to five years. In the meantime, Meta "has to get these users back from TikTok," said Martin. It's also hampered by "excessive regulatory scrutiny and intervention," she said.
Meta is "down about 57% this year, far more than the declines of 14% for Apple, 26% for Amazon and 29% for Google parent Alphabet," adds Bloomberg. "Meta is even narrowing the gap in 2022 losses with Netflix, which is down about 60%."

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