Yahoo’s Woes Continue And Facebook False News Update

On Episode 335 of The Waves of Tech, we continue to follow the eventual fall and breakdown of Yahoo.  Yahoo continues having issues, now stating that 1 billion user accounts may have been hacked dating back to August 2013.  Facebook has announced a new feature to the Messenger App – group video chat.  In addition, Facebook is now making strides to curb the spread of false news stories and hoaxes plaguing the platform.  We wrap the episode up with discussing the meetup between Silicon Valley tech CEOs and President Elect Donald Trump.  Enjoy the podcast and continue to ride…the waves of tech!

Being our last episode of the year, we wanted to share our thoughts with you.  2016 was another amazing year for The Waves of Tech and The Waves of Tech.  We celebrated Episode 300 and travelled to a few podcasting conferences in the States.  We have truly enjoyed sharing the tech headlines that change our way of thinking and our life choices.  We hope the information we shared has be enlightening and helpful throughout the year.  In 2017, we are dedicated to bringing you new and exciting content that has meaning and value to your modern life.  Thank you for the continued support!

Yahoo’s series of problems, issues, and breaches continue to plague the once dominating search engine company.  With a sale to Verizon pending, more information is surfacing.

  • 1 billion user accounts may have been stolen by hackers during the 2013 attack
  • It took Yahoo THREE YEARS to announce the attack and stolen personal information
  • Personal information includes usernames, email addresses, telephone numbers, dates of birth, hashed passwords, encrypted or unencrypted security questions and answers
  • Hackers gained access through Yahoo’s proprietary code to learn how to forge cookies
  • Verizon is monitoring the situation and is considering a lower purchase price of Yahoo

Marissa Mayer is not the only CEO to blame for the fall of Yahoo.  The C-Suite has been nothing but troubled for the once mage-popular tech company.

  • Mayer is the 8th CEO since the company launched in 1995
  • In 20012, Mayer took over after three other CEOs had their chance in 2012
  • The legacy of a Yahoo CEO does not serve as a successful image of the company
  • The culture and makeup of Yahoo may be a larger issue than we have considered before

In an attempt to compete with other social media brands and keep users on their platform, Facebook is bringing group video chat to their Messenger app.

  • Video chat with up to four people at one time in Messenger
  • Facebook says it was the most-requested feature to the messaging app
  • This is response to popular video options like SnapChat, Skype, and WhatsApp
  • A solid addition to Facebook’s arsenal of option and couples well with Facebook Live
  • Messenger will include masks, stickers and frames to make it more fun

Facebook has made headlines over the past 12 months for the ridiculous amount of fake and false news stories and hoaxes making rounds of the social media platform.  Facebook made this statement – “We have a responsibility to reduce the spread of fake news on our platform.”

  • Facebook’s response is out and they will begin flagging stories that may be false
  • Partnered with the Poynter International Fact-Checking Network, which includes groups such as Snopes and the Associated Press, to evaluate articles
  • How it works – “If a story on Facebook is patently false, users will see a notice that the story has been disputed or debunked. People who try to share stories that have been found false will also see an alert before they post. Flagged stories will appear lower in the news feed than unflagged stories.” (Source, Washington Post)
  • It’s a step in the right direction for control false new and online hoaxes
  • False news made headlines during the 2016 United States Presidential Election

Tim Cook, Jeff Bezos, Sheryl Sandberg, and Larry Page were among ten or so tech CEOs that met with President Elect Donald Trump in New York to discuss issues hovering around the tech industry.

  • Concerns about privacy, security, renewable energy, domestic and international product manufacturing, and immigration Visas were discussed
  • Tim Cook made a statement about the meeting – “And we engage when we agree and we engage when we disagree. I think it’s very important to do that because you don’t change things by just yelling.” (Source, Business Insider)
  • Presidential administrations and governments can affect companies abilities to do what they do, both in positive and negative ways
  • The key is to focus on the policies, which is difficult based on Trump’s silence
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