BC TECH
Saved by @jacobhtml

Mark Zuckerberg on NYT story: "To suggest we weren't interested in knowing the truth or wanted to hide what we knew or wanted to prevent investigations is simply untrue."

 Facebook says it will take a couple of questions on the article but wants to focus on (looks at notes) its transparency report.
Good luck with that folks.
Now Mark Zuckerberg is running through all the tactics it's deploying to clean up the platform (you know like they should have years ago).
What every Facebook user should be reading in the meantime
https://t.co/ohyhUSyxTL
Mark Zuckerberg is vaguely denying allegations in the story and moves quickly to stressing solutions so people will stop talking about the problems. This is the Facebook playbook. Is the company misreading the room this time?
Facebook board statement on Mark Zuckerberg and Sheryl Sandberg: "To suggest that they knew about Russian interference and either tried to ignore it or prevent investigations into what had happened is grossly unfair."
This announcement that Facebook executives are discussing was planned for a long time. But the timing, coming a day after the NYT bombshell, is not coincidental.
https://t.co/dGsHGR99oB
https://t.co/aTsrWblscg
This is the note from Mark Zuckerberg: A Blueprint for Content Governance and Enforcement https://t.co/EtZu9sAHTT
ABC News: Mark, is anyone going to lose their job over this? If not, please explain.
Zuckerberg: Blah blah. I generally don't talk about specific cases of that in public. Blah blah.
Mark Zuckerberg: I have tremendous respect for George Soros even though we disagree. As soon as I learned about this in the NYT, I talked to our team and we are no longer working with this firm.
Wired: Why did you think opposition research was a winning strategy?
Zuckerberg: I learned about this yesterday. In general, I think you're right. This might be normal in Washington but it's not the kind of thing we want Facebook associated with.
Cheap seats: How does the CEO not know this? And why isn't the executive who clearly did know on this call?
Recode: Did you consider taking Facebook offline in Myanmar to prevent violence?
Facebook: ... We are bringing the world closer together.
Mark Zuckerberg: We have considered taking the service down when we were worried about a privacy or security issue. But he does not address Myanmar.
WSJ: Have you fired anyone?
Zuckerberg: We have made personnel changes. Hey, we just hired a new global policy and comms chief. Let's focus on that.
Lots of long pauses as executives confer on how to respond to media questions.
Asked whether he would step down as board chairman, Mark Zuckerberg says no.
"I am quite focused on finding ways to get more independence into our systems in other ways."
Bloomberg: After revelations in NYT article, how are things going to change in Facebook's relationships with critics, lawmakers and media?
Zuckerberg: Transparency is one of the bigger areas where we have to continue to do more.
The buck stops with Mark Zuckerberg, true. But no excuse for Sheryl Sandberg not being on this call if Facebook has found this new religion called transparency.
Also, if you are CEO of a major company and you learn really bad stuff about your company by reading it in the newspaper, you have a serious problem.
So, who did know on your team about Definers?
Zuckerberg: "I think someone on our comms team must have hired them."
Comms team, meet the bus that just ran you over.
Pressed again on who's responsible and who will get fired, Zuckerberg gets his back up: I feel like I have answered this question a bunch of times. I am not going to get into personnel decisions on this call.
Mark Zuckerberg just extended the call to answer more questions from the media.
https://t.co/Vp6KKvHGJ5
We are now one hour into this press call.
Finally someone asks directly about Sheryl Sandberg.
Zuckerberg: Sheryl learned about this at the same time that I did. Overall Sheryl is doing great work for the company. She has been a very important partner to me and will continue to be.
Facebook board: Mark Zuckerberg and Sheryl Sandberg are doing great.
Mark Zuckerberg: I have no idea what's happening inside my own company and neither does Sheryl.
Why do you believe you are the right person to lead Facebook?
Zuckerberg: We are doing the right things to fix the issues. I am fully committed to getting this right.
Asked about the review of lobbyists and whether Sheryl Sandberg will oversee it in light of the allegations in the NYT article, Mark Zuckerberg says new global policy and comms chief Nick Clegg will oversee the review and he reports to Sandberg.
Zuckerberg says the reality is he is not going to know every single thing going on. He also says he has confidence in his team who does know these things. 🤷‍♀️
Facebook has now ended the press call.
Thanks for spending the last hour and 22 minutes with me.
--30--

More from Tech

Patrick McKenzie
Patrick McKenzie
@patio11
Some people really benefit from hearing advice that everyone knows, for the same reason we keep schools open despite every subject in them having been taught before.

In that spirit, here's some quick Things Many People Find Too Obvious To Have Told You Already.

Your idea is not valuable, at all. All value is in the execution. You think you are an exception; you are not. You should not insist on an NDA to talk about it; nobody serious will engage in contract review over an idea, and this will mark you as clueless.

Technologists tend to severely underestimate the difficulty and expense of creating software, especially at companies which do not have fully staffed industry leading engineering teams ("because software is so easy there, amirite guys?")

Charge more. Charge more still. Go on.

The press is a lossy and biased compression of events in the actual world, and is singularly consumed with its own rituals, status games, and incentives. The news necessarily fails to capture almost everything which happened yesterday. What it says is important usually isn't.

Companies find it incredibly hard to reliably staff positions with hard-working generalists who operate autonomously and have high risk tolerances. This is not the modal employee, including at places which are justifiably proud of the skill/diligence/etc of their employees.
TECH
foone
foone
@Foone
I went looking for a remote-controlled power switch (the wireless christmas kind, not the modern IoT kind) and didn't find it, but I did find this thing I bought just to figure out why it exists.
It's a timer outlet, but you program it from your phone... but it's not wireless.


Yeah instead it plugs into your phone's HEADPHONE PORT


I got it on sale.
probably because iphone dropped the headphone port and they had to get with the 21st century and make it bluetooth


So inside the box is the device. it's got a little 2-prong polarized outlet with no ground.


on top is the only controls: on/off/timer.
TECH
Advertisement
Zen Black
Zen Black
@z3nblack
1/ Thread: "A Silicon Valley Ponzi Scheme"

Thanks to @chamath for laying this out in Social Capital's 2018 annual letter.

I've always appreciated his outspokenness.

2/ The hardest thing for most startups today is the path to market: first finding product-market fit & a way to reach customers, then building a ruthless machine to acquire, monetize & retain them.

3/ Because of this, when the VC industry invests capital into fast growing startups today, the plurality (if not majority) of invested capital will go into user acquisition and ad spending, for better or worse— usually worse.

4/ Todays massive venture-backed advertising, sales, and user acquisition playbook has morphed into one that champions growth at any cost.

This is creating a big bill that will soon come due...

5/ Ad impressions and click-throughs are bid up to outrageous prices by startups flush with venture money, and prospective users demand more and more subsidized products to gain their initial attention.
TECH , STARTUPS , {TEST FOLDER}
Mateusz Czeladka | Plan \u20b3
Mateusz Czeladka | Pla...
@matiwinnetou
(1) Some haters of #Cardano are not only bag holders but also imperative developers.

If you are an imperative programmers you know that Plutus is not the most intuitive -> (https://t.co/m3fzq7rJYb)

It is, however, intuitive for people with IT financial background, e.g. banks

(2)

IELE + k framework will be a real game changer because there will be DSLs (Domain Specific Languages) in any programming language supported by K framework. The only issue is that we need to wait for all this

(3) Good news is that the moment we get IELE integrated into Cardano, we get some popular langs. To my knowledge we should get from day one: Solidity and Rust, maybe others as well?

List of langs: https://t.co/0uj1eBfrYj, some commits from many years ago..

@rv_inc ?

#Cardano

(a) Last but not least, marketing to people with Haskell, functional programming with experience and decision makers in banks is a tricky one, how do you market but not tell them you want to replace them. In the end one strategy is to pitch new markets, e.g. developing world

(b) As banks realize what is happening they maybe more inclined to join - not because they would like to but because they will have to - in such cases some development talent maybe re-routed to Plutus / Cardano / Algorand / Tezos
TECH
Robert M. Lee
Robert M. Lee
@RobertMLee
A quick thread on intelligence analysis in the context of cyber threat intelligence. I see a number of CTI analysts get into near analysis paralysis phases for over thinking their assessments or over obsessing about if they might be wrong. (1/x)

Consider this scenario. A CTI analyst identifies new intrusions and based on the collection available and their expertise note that the victims are all banks. Their consumer wants to know when threats specifically target banks (not just that banks are victims).

The CTI analyst has, from their collection, at this time, and based on their expertise enough to make an activity group (leveraging the Diamond Model in this example) that meet's the requirement of their consumer. So what's the problem?

The CTI analyst begins to over think it. "What if I had more collection? Would my analysis change? I really don't *know* they aren't also targeting mining companies in Australia as I don't have collection there."

The analyst knows their analysis is going to be shared. Maybe even public. "What if another team or professional intelligence firm has more collection and ends up noting that it isn't banking specific at all. Banks are victims, not targets. Will my consumer distrust me later?"
TECH

You May Also Like

RadioChinar
RadioChinar
@RadioChinar
Demystifying Ghazwa-e-Hind. A #thread.

A recent video of Shoaid Akhter surfaced in social media creating a lot of controversy where the #Pakistani Cricketer can be seen suggesting invasion of India by using the term Ghazwa-e-Hind.
Radicalization of sportsmen seen off late
(1/10)


Some radical Islamic preachers believes that Ghazwa-e-Hind means a “Holy War against India”. As per this irrational & profane concept, there will be a fierce battle to secure victory over #India.
#Kashmir
(2/10)


#Pakistan-based terror groups, like JeM have been using Ghazwa-e-Hind as a Hadith to recruit, fund and justify its terror strikes as a religious holy war against #India.
#Kashmir
(3/10)


Some machiavellian people claim it is a prophecy that Muslim warriors will wage war against the #India.
Jaish & others falsely propagate that Jihad against India is considered holy in Islam & that those participating in it will be granted an easy entry into paradise.
(4/10)


However prolific scholars says that this is a made-up interpretation of some verse in The Holy Quran to mislead the gullible youth of #Pakistan into picking up arms and fighting its Army's personal battle against #India.
#Kashmir
(5/10)
SOCIETY
Antonio Garc\xeda Mart\xednez
Antonio García Martíne...
@antoniogm
Ok, I'll hop on this Elizabeth Warren/Native American testing bandwagon (gently and non-politically).

I've been a @23andMe customer for a while, and have followed their ancestry updates closely.

All is more or less as expected....except for this bit about Native American.


The family is almost completely composed of Spanish peasants (from various regions) who emigrated, along with a massive wave in the late 19th-cent./early 20th-cent., to Cuba back when it was a booming economy (richer than Spain's) and worth emigrating to (Communism killed that).

Also, the native population of Cuba was annihilated early on---was the first place the Spanish colonized after all. Having a native background in Cuba would be like having the same in, say, Massachusetts, particularly if you're (say) mostly Irish. Just really, really unlikely.

(Note: the North African/Arab background is less mysterious. The Iberian peninsula was part of the Muslim world for centuries. It would be odd *not* to have some Arab/Middle Eastern background coming from Spain. Given the family is mostly from Northern Spain, it's small though.)

I have a Spanish passport, have been back to the ancestral villages in Spain, seen the church where my grandmother was baptized, my grandfather told me stories about growing up as the child of Spanish colonists in rural Cuba. The native bit just clashes with all the family lore.
ALL
Advertisement
Brianne Kimmel \U0001f4ac
Brianne Kimmel 💬...
@briannekimmel
Shocking fact: Millennial men are less likely to work than any other age and gender demographic in America.

Today, there are 500,000 young men missing from the U.S. workforce.

Research suggests video games & improved leisure tech plays a role in the problem. 👇 Thread:

Following the 2007 to 2009 recession, 25 to 34 year old men exited high school with fewer middle-skill job opportunities than years prior.

During this time, we saw an increased number of men living with parents & choosing unemployment over lower paying jobs.

It's estimated that 24M millennials live w/ their parents.

1 in 4 living in their parents’ home neither go to school nor work.

What's more surprising? 9 in 10 who lived with their parents a year ago are still living there w/ no plans to leave.

Economists are calling millennial men a lost generation.

According to economist David Dorn:

“If you get to the point where you’re turning 30, you’ve never held a real job and you don’t have a college education, then it is very hard to recover at that point.”

Economists suggest this choosiness is a generational trait.

Forbes interview w/ a high school educated man:

"I’m very quick to get frustrated when people refuse to pay me what I’m worth."
“People feel that they have choice nowadays, and they
SOCIETY
Khatvaanga
Khatvaanga
@khatvaanga
Sri Gurubhyo Namah.
Some tweets on Adi Shankaracharya and in particular the Guru Parampara of @sringerimath. [I had done this series earlier 5 years ago on account of Shishya Sweekaram].


Adi Shankara established the Sringeri Peetham as the 1st of 4 amnaaya peetams.

The four being
1. Sarada Peetam at Sringeri.
2. Govardhana Peetam at Puri
3. Kalika at Dwaraka
4. Jyothir at Badarikashramam.

He installed his 4 most prominent shishyas as heads of the peetams.

Sureshwaracharya was assigned to Sringeri as its head.

Sringeri is a corruption of Rshyashrunga giri.

Rshyashrunga maharshi [and his father Sri Vibandhaka Maharshi] did their tapas at this place.

It is at Sringeri that Shankara spent 12 of His precious 32 years!!

That gives you and idea how much He loved this place.

Rshyashruga maharshi had a horn on his forehead, a result of being born to a deer. His mere presence was enough to shower rains!!

Rshyashrunga was one who led Putrakamesthi Yaagam of Dasaratha Maharaj and which resulted in Sri Rama's birth!!
ALL
Techno Funda Investing
Techno Funda Investing
@TechnoFunda6
Thread 🧵explaining #ROE & #ROCE and its use in #FundamentalAnalysis

(Must read for #FA learners)

🙏Like & RT to spread learning with all 🙏

Views Welcome 👉 @dmuthuk @Vivek_Investor @datta_arvind @caniravkaria @FI_InvestIndia @AdityaD_Shah

#FundamentalAnalysis #StockMarket


1⃣

Return on Equity (#ROE) and Return on Capital Employed (#ROCE) are two important Financial Ratios used in #FundamentalAnalysis of Stocks.

#StockMarket #Investing

2⃣

Return on Equity (ROE) is the ratio of Net Income (Net Profit) of a company and it’s Total Equity (Shareholder's Equity).

Here - Shareholders Equity = Share Capital + Reserves & Surplus.

#StockMarket #Investing #FundamentalAnalysis


3⃣

#ROE is a measure of how much net profit a company is making for every rupee invested by its shareholders in the company.

It can be said that higher the ROE, better it is for the equity shareholders. It tells shareholders about how effectively their money is being used.

4⃣

However, you should not trust high ROE blindly. Biggest drawbacks or weaknesses of ROE is that it completely ignores debt.

Hence for companies having high levels of debt, ROE will give a higher but misleading value & therefore we need to look at #ROCE along with #ROE.
ACCOUNTING , FUNDAMENTAL ANALYSIS , ROE VS ROCE ANALYSIS