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Monday, February 3, 2014
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If you look back at what Steve Jobs did, he took a hard look at Porsche and Sony, and then he effectively built a better Sony. As Apple's star rose, Sony's star crashed, but Jobs never targeted Sony directly. He just figured out what Sony wasn't doing right, and he did that extremely well while Sony lost its way. He didn't copy Sony's products, he copied its mission. He then used Porsche-like concepts -- simplicity, focus, high quality -- to rebuild what once had been an amazing company into a far better one.


5:08 AM

If you look back at what Steve Jobs did, he took a hard look at Porsche and Sony, and then he effectively built a better Sony. As Apple...

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thomson reuters twitter sentiment

Twitter bases the majority of its revenue on advertising in and around its main content river, but a deal between the social network and Thomson Reuters points to how it also continues to build up its position as a big-data provider to different vertical sectors. Thomson Reuters is now incorporating sentiment analysis gained from Twitter for its Eikon market analysis and trading platform. The commercial terms of the deal are not being disclosed but a spokesperson confirms that it will be “combining a number of third-party and proprietary Twitter feeds for this service,” which fo


You can think of this as an expansion of the kind of Twitter mining first tried out by Bloomberg last year, in which the company (a rival to Thomson Reuters) incorporated Tweets related to specific companies in a wider data stream.


Here, this goes one step further by then creating visualizations and charts based on this kind of data — one of these is illustrated above. Looking at the graphics, traders and other Eikon users then will be able to look further into the data to track specific tweets, people and companies on Twitter.


“We aren’t revealing exactly which services we use but we are combining a weighted list of what we consider to be industry influencers with all StockTwits (people tweeting using cashtags related to global stock markets) and also a cross-twitter feed that provides us with a significant sample of all tweets across the world to give us the volumes needed to make patterns meaningful,” the spokesperson tells me. While Thomson Reuters doesn’t disclose what third parties may be involved in its rollout, the types of companies that are sitting in between Twitter and customer-facing enterprises like Thomson Reuters include the likes of Datasift, which mines and helps structure data from social networks like Twitter through the use of metatags.


For now, the sentiment analysis uses only Twitter, but Thomson Reuters is working on adding more content sources, including blogs, in the future.


Thomson Reuters believes it is the first mainstream financial platform to provide twitter sentiment in this way “on a broad scale.” Eikon has some 120,000 people using the service on desktop, “and that grows exponentially every week.” That’s a turn of events from a few years ago, when Thomson Reuters was still sweating out the billion-dollar investment it had made into the development of Eikon as a way to better compete against Bloomberg.


With the SEC last year formally acknowledging that companies can communicate news legitimately via Twitter (as long as investors are alerted of it), Twitter has become an increasingly central part of the conversation around how different businesses and industries are progressing.


But for those of us who have already been using Twitter as a news source, it’s surprising that it’s taken this long for the financial industry to come around to figuring out how to do this more formally. Thomson Reuters itself acknowledges that some “50% of quantitative firms are now using machine readable news feeds,” citing research from the Aite Group. But as with other examples in the big data space, in many cases a lot of that data is not easily usable for non-technical people — traders being the specific people in question here.


“Behavioral finance is an area of increasing interest in financial markets. However it has been difficult for human traders to keep pace due to the sheer volume and detail of data and the need to interpret it and spot trends immediately,” said Philip Brittan, chief technology officer and global head of platform for Financial and Risk, Thomson Reuters, in a statement. “With the addition of this sentiment data to Eikon we are combining our unique content and insight with innovative visualization and analytics tools. This is really just the tip of the iceberg in terms of what we plan to do to turn qualitative, unstructured text into quantitative and actionable insight for our customers.”





3:09 AM

Twitter bases the majority of its revenue on advertising in and around its main content river, but a deal between the social network and Th...

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Facebook on Thursday announced next week's launch of Paper, a free app for iOS that combines user and curated content into a personalized news medium. Users can create stories as well as receive stories based on their interests and organized into sections. Section stories are chosen by both human and machine curators. The sections cover a variety of subjects -- from sports, world news and animal pictures to business, photography and food. Section stories on all phones initially will be the same, but Facebook has said that may change in the future.


3:09 AM

Facebook on Thursday announced next week's launch of Paper, a free app for iOS that combines user and curated content into a personali...

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Forex_Money_for_Exchange_in_Currency_Bank___Flickr_-_Photo_Sharing_

Some consolidation in the world of mobile commerce. Monitise, a UK-based company that works with the likes of Visa to build and roll out mobile payment solutions, has acquired mobile commerce technology provider Pozitron for $100 million in an all-share deal. This is about inorganic expansion: Pozitron is based in Istanbul, Turkey and is most active in its home market and the Middle East, two regions where Monitise has been less strong.


Other acquisitions at Monitise to push geographic expansion have included Clairmail in 2012 for $173 million to expand into the U.S. market; and Fundamo in 2011 for $110 million to expand into Africa and other developing world markets.


“This acquisition of Pozitron further reinforces our leading position as a global technology enabler at the heart of the Mobile Money ecosystem,” Monitise Group Chief Executive Alastair Lukies said in a statement. “It comes at a time when we are seeing increasing demand for interoperable Mobile Money services as payments become more digital by the day, not only in Turkey, Europe and the Middle East but also around the world.”


Mobile payments is still a relatively nascent part of the world of commerce. In the U.S. although there were some $4.6 trillion in transactions made in 2013, only around $150 billion were made via mobile devices, according to the Electronic Transactions Association. The thinking here is to tap into the already-strong market ($150b being nothing to sniff at) while positioning for a time when mobile will hold a much larger share.


Pozitron says that it works with some 30 enterprises in telecoms, retail and pharmaceuticals with Turkish Airlines, eBay, ING, BNP Paribas, GlaxoSmithKline and Hepsiburada.com (“Turkey’s equivalent to Amazon”) among its customers, along with a number of large, regional banks. For its part, Monitise says some 24 million consumers use solutions based on its technology, which lets them ‘bank anywhere’, ‘pay anyone’ and ‘buy anything’. Some $50 billion in transactions pass through its systems every year.


Pozitron, founded in 2000, is not your typical startup in Silicon Valley fashion: it had no venture backing (“no VCs” in the words of Monitise’s spokesperson) and is being acquired as a “profitable, debt free” company, but with only $3.8 million in cash. One of its biggest shareholders was it co-founder and CEO, Fatih İşbecer, who now becomes CEO, Middle East & Africa at Monitise. All 130 employees are coming over along with the deal.


Monitise (LSE: MONI) is a world leader in Mobile Money – banking, paying and buying with a mobile device. Leading banks, payments companies, retailers and mobile networks utilise Monitise’s technology platforms and services to securely connect people with their money.


The details of the deal lay out that the $100 million will only be payable after three years: Monitise will pay £24 million initially based on Monitise’s closing share price of 66.5p on Friday 31 January, 2014, and will then give a three-year earn-out of up to £36 million based on achieving “aggressive” performance targets.





1:39 AM

Some consolidation in the world of mobile commerce. Monitise , a UK-based company that works with the likes of Visa to build and roll out mo...

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Sunday, February 2, 2014
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GoldieBlox

On Sunday night, about 110 million people turned on their TVs to watch a series of lavish, expensively produced 30-second skits interspersed with live footage of men throwing a ball around. Fox Sports charged up to $4.5 million for each ad spot this year, with companies like Anheuser-Busch, Chevrolet, and Pepsi coughing the record-breaking figure.


But one of the most notable ads was created by a 15-person tech startup called GoldieBlox, which makes engineering toys for little girls. The San Francisco-based company announced four days ago that it won Intuit’s Small Business, Big Game challenge, landing one of the year’s most coveted advertising spots.


(GoldieBlox’s Super Bowl ad also helps distract from its legal battle with the Beastie Boys, who are suing the company for using an unauthorized parody of “Girls.” The Super Bowl ad played a Quiet Riot cover that was, presumably, licensed and paid for.)


It’s extremely unusual for such a small company to advertise during the Super Bowl, but what makes GoldieBlox’s spot, which features a hoard of little girls turning their boring pink toys into a rocket and launching it into space, especially interesting is that it serves as an antidote to the outrageous sexism constantly on display in each Super Bowl’s commercials.


The misogyny is so egregious that advocacy group The Representation Project actually made an app to help viewers send complaints directly to the companies responsible.


It’s still too early to tell which ads will make this year’s list of the worst offenders, but based on Twitter reactions, SodaStream and Volkswagen are in the running to earn that dubious distinction. Here’s a list of last year’s creepiest spots, including Carl’s Jr’s desperate attempt to make fish sandwiches sexy.


But the tide may be turning as the gap between male and female Super Bowl viewers narrows each year. For example, GoDaddy.com, one of last year’s top offenders, dramatically changed its tone with this year’s commercial. Hopefully more companies will figure out how to make attention-grabbing ads without resorting to crass stereotypes.





7:55 PM

On Sunday night, about 110 million people turned on their TVs to watch a series of lavish, expensively produced 30-second skits interspersed...

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Screenshot 2014-02-02 18.47.50

The LG G Flex is one of the most hyped phones of the year.


Granted, it’s only January and granted, LG isn’t the most exciting Android manufacturer around, but it has a curved display! Curved, I say! And LG even says it can heal itself if you scratch it.


For these reasons, we couldn’t resist getting this thing into the studio for a Fly Or Die, and we walked away generally impressed.


The G Flex, a true phablet, sports a 6-inch POLED 720p curved display — and it’s beautiful. It’s also got 2GB of RAM, 32GB of onboard memory, a 3500mAh battery and a Snapdragon 800 quad-core processor under the hood. As phones go, it’s a pretty damn powerful one.


On the other hand, the curve of the display is no more than a gimmick. Though it’s said to meet the contours of your face for a more comfortable experience, it’s really just something you can point to when you’re trying to be cooler than your friends. And as far as self-healing goes, neither John nor I were convinced.


The scratches we made were slightly minimized, but definitely still showed up.


All that said, the G Flex is still one of LG’s most impressive handsets. If you’re on the market for a powerful, beautiful Android device, this may very well be the one for you.


Two flies.





6:10 PM

The LG G Flex is one of the most hyped phones of the year. Granted, it’s only January and granted, LG isn’t the most exciting Android manu...

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Stealing money

The people who read our site are a pretty savvy lot. You know not to accept checks from distant princes. You can spot a phisher from a mile away.


But here’s one that might be new for you: scammers are apparently trying to exploit your “missed call” screen, now.


The scam, simplified: They call you, but immediately hang up. You see a missed call. You call back. They charge you for the call, and for each minute they can keep you on the line.


According to the BBB, this so-called “One Ring” scam is on the rise.


Like many a ruse, this one relies on hitting many, many potential targets at once. The scammer sets up a computer to call thousands of numbers per hour — because for every 99 people who follow their gut and don’t call weird numbers, there’s 1 person who will. Maybe they’re waiting for response on a job interview, and don’t know what number it’ll come from. Maybe they’re hoping it’s that girl from the bar last night. Maybe the number just looks kind of familiar. It’s all about making mass sweeps and finding the exceptions.


The trick? They only let the call ring once before it automatically hangs up. One ring is enough for the number to show up on your missed call screen, but just short enough that you’re not likely to answer it in time (which keeps the call from fully connecting and thus keeps the scammer from having to front for any long distance fees.)


Speaking of long distance fees: the number it’s dialing from is, generally, one from outside of the US — but one that has the same country code (+1, which we share with Canada and almost all of the Caribbean nations, from the Bahamas to Jamaica), and thus looks a whole lot like a US number. On US premium numbers, the FTC requires the caller to explicitly agree to charges. On international numbers, the FTC has no jurisdiction.


We’ve seen tricks like this before, using many of the same basic concepts —the sneaky international number, the hook to get you to call it back. A few years ago, a common scam technique was to text someone saying “Your [relative here] is hurt, and you are the emergency contact! Call [sneaky international number here] for more information.”


But this is the first time I’ve seen them boil it down to a simple missed call. It plays on the ubiquity of smartphones, and that… no one really calls each other anymore. If someone is calling, it’s probably important, right? Better call’em back!


While reports on scams like this tend to warn you that you’ll be charged a zillion dollars per second, that’s… usually not the case, in reality. Carriers will often void the charges if they/you catch them, so the scammer’s goal is often to keep anyone from noticing the charge. They’ll charge you a few bucks to establish the call, then a few bucks for each minute they keep you on hold/on the line.


But even if they charge you nothing, there are other reasons not to call’em back:



  • Once you’ve called back, they know there’s a human on the other end of that number. It’s like hitting “unsubscribe” on a mass email — if the sender is a good guy, you’re unsubscribed. If they’re a spammer, you’ve just verified that its a legit inbox and have been signed up for a million more mailing lists.

  • Once a scammer has a caller on the line, it’s an opportunity to phish. If a person is open to dialing a mystery number, why not see if they’ll believe you work for their bank and need their credentials?


How To Avoid Gettin’ Scammed:



  • If you don’t recognize a number, don’t call’em back.

  • If you really want to call back, Google the number first. Check the area code to make sure it’s not long-distance. Check the full number, too; in many cases, you’ll find a page full of results saying “Do not call! It’s a scam!”

  • If you’re an Android fan, try to get on a device running Android 4.4 (KitKat). It has a built-in number identification system, and it works quite well for at least identifying legitimate, non-scammy phone numbers as safe to call.

  • Check your phone bill for sketchy charges. Your carrier knows aaaall about scams like this, and will generally reverse the charge if you complain.


tl;dr: stranger danger.


[image credit: jesadaphorn on Shutterstock]





12:39 PM

The people who read our site are a pretty savvy lot. You know not to accept checks from distant princes . You can spot a phisher from a mil...

Read more »
 
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