Category Archives: International Econnomic Politics

Analysis and commentaries on international politics and economics.

A Wall Street View on Social Media

Well, if the new communications technology is not progress, what is it then? I do not dare to answer that question. Still, Elliot Management makes some valid points in their latest letter to investors.

Rational Arrogance

Is all new technology progress? Interesting question. I guess you will different answers, depending on who you ask. But if you ask hedge fund billionaire, Paul Singer, at Elliot Management on Wall Street, you’ll get the following answer:

“Ask yourself the following set of questions: Do people seem better informed today in the developed world? Smarter? Is the discourse more sophisticated? The answer is a resounding “no” to all those questions.”

Elliot Management

twttr-bird-on-wall-st

Well, if the new communications technology is not progress, what is it then? I do not dare to answer that question. Still, Elliot Management makes some valid points in their latest letter to investors.

The following extract is published by Wall Street blogger Zero Hedge. To read the full letter you’ll have to subscribe to it personally.

“Some technology represents unquestioned progress, despite causing real challenges to the employment prospects of citizens who are made…

View original post 406 more words

Comments Off on A Wall Street View on Social Media

Filed under International Econnomic Politics

Zuckerberg: US Government Is A Threat To Internet

Rational Arrogance

Facebook-boss, Mark Zuckerberg, seems to be pretty upset by the latest news reports on the US government agency, NSA, trying to build something like a malware empire by setting up a bogus Facebook server to intercept traffic and fool users. On his personal Faceboook page, Zuckerberg lashes out against the NSA, the USA government and its president.

“I’ve called President Obama to express my frustration over the damage the government is creating for all of our future.”

Mark Zuckerberg

zuck

Earlier this week we wrote about Google’s Eric Schmidt directly claiming that the company was attacked by the NSA, and now Zuckerberg is publicly stating that the government has become a threat to the internet.

It’s about time both Google and Facebook and all the other major tech companies show their true colours, take a stand in this matter and act on it.

Facebook-Zuck writes in a status update – dated…

View original post 237 more words

Comments Off on Zuckerberg: US Government Is A Threat To Internet

Filed under International Econnomic Politics

Twitter Stocks Tumble on Social Insecurity

“Twitter needs to answer the question about whether it can ever become a mass-market product, or whether it’s more destined to be a niche for news junkies,”

Rational Arrogance

The company that runs the popular micro blog platform – Twitter – released Thursday their first financial report since it got listed on the Stock exchange in November last year. Not good. The stock tumbled 24%, making this the worst day in the stock market for Twitter. The reason for the Twitter dump is based on the same assessment that sent the Facebook shares tumbling just after their initial public offering (IPO) – will this company ever be profitable?

“These risks include the possibility that: our user base and engagement do not continue to grow; advertisers reduce or discontinue their spending on Twitter; data partners reduce or discontinue their purchases of data licenses from Twitter; and Twitter experiences expenses that exceed its expectations..”

Twitter Inc.

twitter

Oh, dear! This does not look good for Twitter. The total number of new accounts continued to rise in the last quarter of 2013, but at…

View original post 537 more words

Comments Off on Twitter Stocks Tumble on Social Insecurity

Filed under International Econnomic Politics