Here's what Apple will tell Congress, searching Yahoo earnings for clues, Theranos faces criminal investigation...
Apple's déjà vu: Bruce Sewell, Apple's general counsel, is speaking before Congress for the second time this year. Once again, Apple and the FBI will both testify about encryption, albeit on different panels. Today they'll speak to the House Energy and Commerce Committee in its hearing called "Deciphering the Debate Over Encryption: Industry and Law Enforcement Perspectives." The session will set the stage for a later encryption battle, "when Congress seriously considers a bill that could place restrictions on strong encryption technologies." Here's a preview of Sewell's statement:
To suggest that the American people must choose between privacy and security is to present a false choice.
The issue is not about privacy at the expense of security. It is about maximizing safety and security. We feel strongly that Americans will be better off if we can offer the very best protections for their digital lives.
Do Yahoo earnings really matter? I can't really say this better than Quartz: "At this point in Yahoo’s history, very few people are paying attention to its top line, bottom line, or any other sort of line. People just want to know: What’s going to happen to the company?" That's why all eyes are on Yahoo's earnings report at 5pm Eastern today—after yesterday's bid submissions, everyone's searching for clues about the company's financial condition and future. "Marissa Mayer won't be able to tell shareholders definitively whether Verizon, Comcast or Disney will catch the falling knife that is Yahoo's core business," says TheStreet. "They will, however, get a sense of how fast Yahoo!'s legacy businesses are falling."
Theranos founder 'devastated': Elizabeth Holmes, the one-time wunderkind behind Theranos, gave an interview to the Today Show yesterday, amidst news that the health company is under investigation by the SEC. It's certainly not Theranos's first investigative rodeo: the business has also gotten probes from the FDA, the Centers for Medicare and Medicaid Services, and state health departments in Pennsylvania and California. And Holmes may even face a two-year ban from the entire diagnostics industry. So: did her Today Show interview help the cause? Communications expert Bill McGowan doesn't think so:
"Holmes' performance on The Today Show could have been much better had she not seemed to be desperately trying to reassure everyone that she's not the captain of the Silicon Valley's Titanic. Excelling in an appearance with those kinds of high stakes requires tremendous subtlety and nuance in the delivery – neither of which she exhibited."
Verizon's been busy: Verizon isn't just bidding on Yahoo—it also went in with Hearst (as part of their Verizon Hearst Media Partners initiative) to buy Complex Media, the online pop culture/entertainment news company. The Wall Street Journal says the deal values Complex between $250 and $300 million. The purchase fits with Verizon Hearst Media Partners' efforts to target Millennials, specifically with online video. Complex has been focused on video over the past couple years and boasts 300 million monthly views.
It's official: Anheuser-Busch InBev accepted Asahi's deal to buy the Peroni, Grolsch, and Meantime brands for $2.9B. It's the latest move toward the Big Kahuna of beer mergers, AB InBev's purchase of SABMiller. The Asahi takeover is contingent on this bigger deal going through.
Designer of Natural Language User Interfaces (NLUI) & Adaptive UI to remove software barriers for customers & employees. AI-enhanced CX / VOC / chatbot training. NPS / FFS survey design. Customer retention strategies.
8 年While weakening encryption may allow access to a phone to save a few lives, we must consider how it may allow access to much more that causes many to perish. A decade from now when there are hundreds of thousands of Tesla vehicles in autopilot mode and Google autonomous cars navigating busy highways at high speed, do we want a backdoor? Absolutely not. And, not for reasons of distrust of our own government. But, a backdoor built for one is available to all. No matter how hidden, how protected, it's very presence is a threat to our safety, not just our privacy.
??Host of The Auto Hub Show ?? Ai Enthusiast ?? Fundraiser ??Trainer ?? Automotive "Car Nut", Industry Expert & Strategist ?? Super Networker & Connector
8 年The days of a big IPO and hype are coming to a close.......
Marketing Executive at Pulsit Electronics (Pty) Ltd
8 年The issue of encryption is not new. I fully understand the desires of the government to crack cases. However as seen with their handling of the backdoor of Cisco Routers and how they proposed to use it to spy on other countries and organisations backfired when these countries and organisations found the backdoor and promptly used it to extract millions of secret documents from the American government and american institutions. The next issue and this is where I believe Apple is coming from, is the ability and desire of the USA government to spy on everyone and anyone including ordinary non-suspect American people. We all know they already do it but they have restrictions. The terms and conditions of using certain Apps on your smart phone, like Facebook, Messenger etc have surrendered the controls of your smart phone to these companies who can use them as mobile spying devices from activating microphones and video as well as providing them with permission to "hack" even your encrypted files. This is all available without control or court orders. FB also has an agreement with Microsoft and Google to provide this to American intelligent services without the niceties of a warrent.