SEC approves Nasdaq’s Facebook compensation plan
The Securities and Exchange Commission has approved Nasdaq’s plan to distribute $62 million to those hurt by the botched initial public offering of Facebook
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Facebook Scheme: Man 'Stole' $8M From Clients
The US government says Craig Berkman falsely claimed to own coveted Facebook shares and duped investors out of millions.
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Found more than 1 month ago on channel
Sky News
March Madness Will Cost Businesses $134 Million. Why Aren’t Employers Concerned?
The NCAA men’s basketball tournament will cost U.S. companies an estimated $134 million in “lost wages” this week. But do employers care? Not really. A survey released last week by job outplacement firm Challenger, Gray & Christmas found that the men’s college basketball tournament – which lasts three weeks – will cost $134 million in just the first two days (Thursday and Friday ) of the tournament. The firm estimates that 3 million U.S. employees will spend one to three hours at work watching the games, and two-thirds of all workers will follow the tournament at some point during work hours. (MORE: How Sesame Street Counted All the Way to 1 Billion YouTube Views) A few decades ago, the idea that employees would be able to spend hours watching a sporting event during normal working hours would’ve been unthinkable. But our work and personal lives have become completely tangled, and today most bosses are not only fine with employees who watch a few games or set up an office pool, ...
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How Sesame Street Counted All the Way to 1 Billion YouTube Views
As Carly Rae Jepsen’s infectious hit “Call Me Maybe” was tearing up the radio charts last summer, the makers of Sesame Street were trying to figure out how to put their own spin on the viral craze. A typical television episode featuring the iconic muppets is filmed six to nine months before it’s broadcast, but the show’s producers knew the pop song would be old news by winter. They needed a way to quickly connect with kids, parents and fans, so they turned to the platform that had first catapulted “Call Me Maybe” to fame: YouTube. “Sometimes you just have to capitalize on the opportunity,” says Carol-Lynn Parente, the executive producer of Sesame Street. “You ride these waves, and the waves digitally are usually pretty short.” “Share it Maybe,” which features the always-hungry Cookie Monster on a quest to find his favorite snack, premiered on YouTube in July and currently has more than 13 million hits. The video is part of Sesame Street’s aggressive digital strategy, ...
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Did Google Get Off Easy With $7 Million ‘Wi-Spy’ Settlement?
Seven million dollars. That’s how much Internet giant Google will pay to settle a multi-year investigation into its controversial “Wi-Spy” data collection practices. The furor erupted in 2010 when Google disclosed that it had collected Wi-Fi data from unsecured wireless networks as its “Street View” vehicles crawled major cities worldwide, photographing buildings for a ground-level view on Google Maps. On Tuesday, Google agreed to pay $7 million to 38 states and the District of Columbia to settle the matter. To put that in perspective, Google generated revenue of about $50 billion last year, or nearly $6 million per hour. Big Internet companies like Google and Facebook frequently push the boundaries of user privacy. But the “Wi-Spy” case was particularly alarming to consumer advocates, because it raised the specter of Google’s “Street View” cars — which had already raised privacy concerns — roaming around major cities vacuuming up personal data, including snippets ...
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