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It took a month, but Airbnb’s founders are confirmed as the share economy’s first billionaires, at least on paper. That’s because the home-sharing site has closed its new fundraising round, raising $450 million at a $10 billion valuation, according to persons familiar with the round. 
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In the 19th century, the counter-hegemonic forces of labour focused on the democratisation of the state as well as focusing on the redistribution of the surplus value created by labour. Both tasks are by no means obsolete given the evolution towards market state models which have hollowed out popular democracy, as well ans the increased role of debt in human exploitation1. However, what is now needed in addition, for and by 21st century social movements, is the democratisation of the means of monetization. In a contributive economy, use value becomes key, and undermines mechanisms based on labor value alone; value must therefore become pluralistic and diverse, and so must monetary means; while undoubtedly, demonetization will be a good thing in many sectors under a regime of civic domination, we will also need new forms of monetization, and restore the feedback loop between value creation and value capture. As we will argue, the current value regime, which we call ‘cognitive capitalism under the emergence of netarchical capitalism’ (see infra), is unable to redistribute value in a fair way, and is creating not just a crisis of social reproduction for working people, but also a crisis of accumulation of capital. In our article, value and money regimes are placed in the context of the evolution of the overall political economy toward an increasing importance of models based on peer production. We will look at what kind of social system and policy transition, that can solve this crisis of value.
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Facebook is a free site, and it has privacy restrictions and secures some of your information. How open or closed you want your page to be is, for the most part, up to your discretion. I don’t doubt for a second that Facebook does, indeed, “love, love, love” us. We make a lot of money for it.
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The episode, along with the controversy over Google limo-buses using San Francisco bus stops to pick up workers, illustrates an emerging problem among the tech community: elitism. Many outwardly friendly men and women who work in tech firms are starting to believe they're a cut above others. There is plenty of reinforcement for this view, too, not least from a media (myself included) that allows claims of social 'missions' to pass by without a sufficiently rigorous challenge.
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The computer scientist Jaron Lanier provides insights on technology in his new book, “Who Owns the Future?”
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Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.
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ll across the world companies have in recent years been hoarding cash, nowhere more so than in the US. For at least a decade and a half, cash has progressively increased its share of the American corporate balance sheet, to the point where US quoted companies have turned into the Scrooges of the global economy. According to research by Juan Sánchez and Emircan Yurdagul of the Federal Reserve Bank of St Louis, their cash hoard had reached almost $5tn by the end of 2011.
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A post Monday by software developer Ian Greenleaf Young, claims thatReddit’s empire is founded on a flawed algorithm. In question is the site’s “Hot” ranking algorithm, one of the most important pieces of code behind the self-proclaimed “front page of the internet.” Greenleaf Young has examined and tested the code and concludes that a simple transposition of terms is responsible for some seriously counterintuitive effects. He, and others, have reported this as a “bug” but Reddit does not seem to be interested in fixing it. Why would this be?
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Facebook CFO David Ebersman recently admitted that the social network “did see a decrease in daily users, specifically among younger teens.” But given Facebook’s performance in the third quarter of the year, who really cares?
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Facebook is leading a charge to displace traditional proprietary networking hardware and software in all of its data centers – potentially threatening the livelihood of large incumbents such as Cisco, Juniper, and Brocade in the wider market.
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Forrester, a well-known market research group, has experts in an upheaval regarding their latest report about Facebook advertising. It all started on October 28, 2013, when Nate Elliott VP of Forrester wrote an open letter to Facebook. The letter begins, "Mr. Zuckerberg: Facebook is failing marketers."
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In technology, it’s sometimes good to let a pioneer figure out the pitfalls of a new market. Apple’s iPod transformed music listening after countless lesser MP3 players failed to make a real dent.
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Facebook, Google, LinkedIn, and Twitter share expertise to launch WebScaleSQL, a super-DBMS built on Oracle's MySQL Community Edition.
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(Reuters) - Facebook Inc's shares rose as much as 17 percent to a life-high after the company's resounding revenue growth underscored CEO Mark Zuckerberg's success in selling ad space on the social network's mobile app.
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When Google buys a company, the results aren't usually pretty. Nearly all get shut down, their technology sometimes absorbed into the gargantuan data-capture engine that is Google's services and apps business. A few stick around, although heavily Googleized. This was the case with Android, an ostensibly open source effort that Google runs as it pleases, and Motorola Mobility, whose original staff was decimated and whose 3LM security technology was jettisoned.
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The most important book I read in 2013 was Jaron Lanier’s “Who Owns the Future?” Though it was published in May, I came to it late in the year. But this turned out to be fortuitous timing. With unemployment seemingly stalled out at around 7 percent in the aftermath of the Great Recession, with the leak of thousands of National Security Agency documents making news almost daily, with the continuing stories about the erosion of privacy in the digital economy, “Who Owns the Future?” puts forth a kind of universal theory that ties all these things together. It also puts forth some provocative, unconventional ideas for ensuring that the inevitable dominance of software in every corner of society will be healthy instead of harmful.
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Google Inc. (NASDAQ: GOOG) is almost everywhere because of its position as the world’s largest search engine on both PCs and portable devices, its Android OS that dominates the smartphone industry, and YouTube, the gigantic video website. Now, it has decided it can conquer the world of auto software. Who is to say it cannot happen, based on Google’s success across so many other businesses?
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There are over 2,000 startups on AngelList that are categorized as "social commerce." That’s equivalent to every Stanford MBA over the last 5 years starting a brand new social commerce company.
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Some of America’s largest technology and telecoms companies, including Facebook, Microsoft and AT&T, are backing a network of self-styled “free-market thinktanks” promoting a radical rightwing agenda in states across the nation, according to a new report by a lobbying watchdog.
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By using the new Facebook messenger to send messages to anyone on your contacts, you save yourself the SMS charges just like Whatsapp, WeChat and Snapchat. Facebook understands the need of the young ones in maintaining communication with their friends at all times and this is evident from the way the Facebook messenger has evolved from a desktop chat client to a messaging app on mobiles.
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SAN FRANCISCO — For Twitter to justify the high valuation of its stock, the micro-messaging company must spread the gospel of tweeting far beyond its current active user base of 232 million accounts.
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