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#DeleteFacebook – What Happened, When, Where And How
Published
7 years agoon
Amid the ongoing scandal regarding Facebook’s part in the US 2016 elections, the social media giant has found itself in the middle of yet another controversy. A New York Times report brought to light how a voter profiling company, Cambridge Analytica, harvested more than 50 million Facebook profiles of American voters without their permission. This report resulted in not just harsh criticism from lawmakers in the United States and Britain, but users as well, sparking the #DeleteFacebook movement.
According to the report, Cambridge Analytica secured a $15 million investment to develop a tool that could identify the personalities of American voters and influence their behavior. Although these profiles were obtained without the consent of the users, the millions of Facebook profiles do not constitute a data breach as nobody hacked into Facebook. The data, surprisingly, was obtained legally because the business model of Facebook is predicated on mining the personal details of its two billion users.
A former employee at Cambridge Analytica, Christopher Wylie, who helped the company obtain user data said the company was built on harvesting user data. “We exploited Facebook to harvest millions of people’s profiles. And built models to exploit what we knew about them and target their inner demons,” he added. The data allowed Cambridge Analytica to exploit the social media activity of the American electorate and help the Trump campaign target advertisements.
Wylie reached out to Aleksandr Kogan, a Russian-American who developed a personality prediction app called “thisisyourdigitallife.” Kogan told Facebook that he was collecting the data for academic purposes. It should be noted that Facebook has the right to collect user information for research and other purposes as stated in their terms and conditions. Kogan’s app compiled personal information from people based on what they liked on Facebook. As per a report by The Guardian, Kogan, through his company Global Science Research, paid 270,000 people to download the app and take a personality test. Using the test, Cambridge Analytica was able to compile information not only from the users who took the test but from their friend’s profiles as well.
The problem lies in the fact that Facebook was aware that Cambridge Analytica had user data and they asked the company to delete it. While Cambridge Analytica and Kogan seemed to comply, the social networking company never followed up or confirmed the deletion of the data. Until last week, Facebook also allowed the voter profiling company to operate on its site.
The fallout from the scandal resulted in users walking away from the social networking site. Various celebrities also took to Twitter to express their views, including Jim Carrey, who tweeted Zuckerberg’s quote from 2004.
Who are you sharing your life with? #regulatefacebook pic.twitter.com/r7B7Ajkt0V
— Jim Carrey (@JimCarrey) March 20, 2018
In addition to Cambridge Analytica’s involvement with the US 2016 election, the company has also been a part of the Brexit referendum and US Senator Ted Cruz’s primary run in 2016.
Finally, following days of silence, the Chief Executive Officer of Facebook, Mark Zuckerberg responded to the criticism via a Facebook post. Apologizing for the mistake, Zuckerberg said, “We have a responsibility to protect your data, and if we can’t then we don’t deserve to serve you.”
Whistleblower Wylie was suspended from Facebook and Instagram following the controversy.
Suspended by @facebook. For blowing the whistle. On something they have known privately for 2 years. pic.twitter.com/iSu6VwqUdG
— Christopher Wylie (@chrisinsilico) March 18, 2018
Downside to @facebook also banning me on @instagram is missing out on my daily dose of well curated food pics and thirst traps 😭😭😭 #millennial #whistleblower pic.twitter.com/P8AheOMWQI
— Christopher Wylie (@chrisinsilico) March 19, 2018
Facebook along with Cambridge Analytica is facing several lawsuits in Britain and United States of America. The Attorney General of Massachusetts, Maura Healey’s office will also be opening an investigation into the matter. Senator Mark Warner of Virginia and Representative Adam Schiff of California, the Congressional Democrats leading inquiries into Russian interference in the 2016 election have also called for investigations of the Facebook data leak.
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News
Tata Emerges as a Key Player in Apple’s Supply Chain!
Published
19 hours agoon
December 12, 2024India’s tech manufacturing landscape is undergoing a significant transformation, with the Tata Group rapidly establishing itself as a key player in Apple’s global supply chain. The recent acquisition of a majority stake in Pegatron’s iPhone manufacturing facility in Tamil Nadu marks a significant milestone in this journey.
Expanding Production Capabilities
By acquiring Wistron’s facility in 2023 and partnering with Pegatron, Tata Electronics is poised to become one of Apple’s largest suppliers. The company’s ambitious plans include establishing a new facility in Hosur, Tamil Nadu, which will further solidify its position in the global tech manufacturing landscape. This facility is expected to enhance Tata’s production capabilities significantly, enabling it to meet the increasing demand for iPhones both domestically and internationally.
Strategic Acquisitions
The acquisition of Pegatron’s facility, which produces around 5 million iPhones annually and employs approximately 10,000 people, enhances Tata’s role as an Apple supplier within India. This move follows Tata’s earlier acquisition of Wistron’s assembly operations for an estimated $125 million, integrating Wistron’s capabilities into Tata Electronics.
Leveraging India’s Favorable Climate
India’s attractive economic policies, skilled workforce, and improving infrastructure have made it an appealing destination for global tech giants like Apple. Government initiatives like the Production-Linked Incentive (PLI) scheme have accelerated this shift, providing significant financial incentives for local manufacturing. Since its launch, the PLI scheme has driven close to $1.5 billion in investments in the electronics industry in India.
Economic Impact
With Apple’s commitment to diversifying its supply chain away from China, Tata’s growing presence in iPhone production challenges traditional players like Foxconn and contributes to India’s ambition of becoming a global manufacturing hub. The Indian government’s support through favorable policies is crucial for attracting foreign investments and boosting local manufacturing capabilities.
Competing with China
As Apple seeks to diversify its supply chain and reduce reliance on China, India emerges as a strong contender. Tata’s entrance into iPhone assembly makes it the first Indian company to enter Apple’s traditionally China-centered supply chain. Until recently, Apple relied on Foxconn for up to 90% of its iPhone production, primarily concentrated at its Zhengzhou facility, known as “iPhone City.”
Challenges Apple Facing in China
Increasing challenges in China—such as rising labor costs, supply chain disruptions, and geopolitical tensions—have prompted Apple to explore production alternatives. By investing in Indian manufacturing, Apple aims to mitigate risks associated with relying heavily on Chinese production facilities.
A Bright Future for Indian Manufacturing
With increasing investments and a favorable policy environment, India is well-positioned to capitalize on the global shift in manufacturing. Tata’s strategic moves align with this vision, positioning India as a key player in the global tech supply chain. The establishment of advanced manufacturing facilities not only contributes to job creation but also enhances India’s technological capabilities.
Future Prospects
Tata Electronics is reportedly planning to establish another iPhone assembly unit in Hosur with substantial investments aimed at boosting production capacity and meeting Apple’s growing demands. This expansion is expected to further integrate Tata into Apple’s supply ecosystem and enhance its competitive edge.
Conclusion
Tata Group is emerging as a key player in Apple’s supply chain, driving India’s rise as a global manufacturing hub. With strategic acquisitions and partnerships, Tata is expanding its capabilities and contributing significantly to the growth of India’s tech sector. As the country continues to attract investments and foster a favorable business environment, it is well-positioned to become a major player in the global tech manufacturing landscape.
Startup News
Freshworks Appoints Srinivasan Raghavan as Chief Product Officer!
Published
23 hours agoon
December 12, 2024Freshworks, a leading provider of cloud-based software for customer and employee experience, has announced the appointment of Srinivasan Raghavan as its new Chief Product Officer (CPO). With over two decades of experience in the enterprise SaaS industry, Raghavan is set to play a pivotal role in driving product strategy and innovation at Freshworks.
Leading Product Strategy and Innovation
In his capacity as CPO, Raghavan will be responsible for enhancing Freshworks’ suite of AI-powered software solutions. His focus will be on improving both customer experience (CX) and employee experience (EX) by leveraging cutting-edge AI technologies.
Key Responsibilities
- Driving Product Strategy: Raghavan will lead the product team to execute the company’s vision for AI-driven solutions.
- Enhancing User Experience: He aims to deliver personalized and efficient experiences for both customers and employees.
A Strong Addition to the Leadership Team
Raghavan will report directly to Dennis Woodside, CEO and President of Freshworks. Woodside expressed enthusiasm about the appointment, highlighting Raghavan’s expertise in driving enterprise growth and scaling complex, multi-product portfolios.
“Srini is a key addition to our team to lead innovation that delivers a scalable trajectory for growth across our three key business priorities: employee experience, artificial intelligence, and customer experience,” said Woodside.
A Proven Track Record
Before joining Freshworks, Raghavan served as CPO at RingCentral, where he expanded the company’s product portfolio to include cloud-based contact center, marketing, and sales intelligence solutions. His previous roles also include key leadership positions at Five9 and Cisco, where he spearheaded the development of AI-powered digital engagement and automation solutions.
Notable Achievements
- At RingCentral, Raghavan played a crucial role in broadening the company’s offerings, enhancing its competitive edge in the cloud communications market.
- At Five9, he led initiatives that improved customer engagement through innovative AI solutions like virtual agents and workflow automation platforms.
A Bright Future for Freshworks
Raghavan’s appointment signals Freshworks’ commitment to innovation and its vision to leverage AI to transform customer and employee experiences. With his deep industry knowledge and strategic mindset, Raghavan is poised to lead the company’s product vision and drive future growth.
Industry Context
Freshworks serves over 68,000 companies globally, including major brands like American Express, Bridgestone, and Sony. The company recently reported a 22% revenue growth in Q3 2024, reaching $186.6 million, while reducing losses by 3.55% year-over-year.
Conclusion
Srinivasan Raghavan’s appointment as Chief Product Officer marks a significant step forward for Freshworks as it continues to enhance its product offerings in a competitive landscape. By focusing on AI-driven solutions that improve CX and EX, Freshworks aims to solidify its position as a leader in the SaaS market. As Raghavan integrates his extensive experience into the company’s strategy, stakeholders can expect innovative developments that align with the evolving needs of businesses worldwide.
Latest News
Nykaa Fashion CEO Nihir Parikh Resigns, Abhijeet Dabas Appointed as New Business Head!
Published
23 hours agoon
December 12, 2024Nykaa Fashion’s CEO, Nihir Parikh, has stepped down from his position to pursue personal commitments. The announcement was made via a regulatory filing by FSN E-Commerce Ventures, Nykaa’s parent company, stating that Parikh’s resignation is effective as of December 5, 2024.
Parikh’s Legacy at Nykaa
Nihir Parikh joined Nykaa in 2015 as the Chief Strategy Officer and played a pivotal role in the company’s growth trajectory. He was instrumental in launching Nykaa Fashion and NykaaMan, which expanded Nykaa’s offerings into the fashion and men’s grooming segments. Under his leadership, Nykaa Fashion became a prominent player in India’s online fashion retail space.
Contributions to Digital Transformation
Parikh also contributed significantly to Nykaa’s digital transformation, enhancing the platform’s technology and customer experience. His strategic insights and leadership helped position Nykaa as a leader in the e-commerce sector, particularly in the beauty and fashion categories.
Reflections on Tenure
Reflecting on his tenure, Parikh expressed gratitude to Nykaa’s founder, Falguni Nayar, and his team for their collaboration and support. He conveyed pride in being part of Nykaa’s success story and wished the company continued growth in the future. Nayar acknowledged Parikh’s significant contributions and dedication, especially regarding the expansion of Nykaa Fashion and NykaaMan. Notably, Parikh will continue to support Nykaa as a Board member.
A New Chapter Begins: Abhijeet Dabas Takes the Helm
In light of Parikh’s departure, Nykaa announced the appointment of Abhijeet Dabas as the new Executive Vice President and Business Head of Fashion eCommerce. Dabas brings extensive experience to his new role, having worked with notable companies such as Adobe Systems, McKinsey & Company, Myntra Jabong, Lazada Group, Swiggy, and CARS24.
Dabas’ Focus Areas
Dabas’ primary focus will be on:
- Driving online growth for Nykaa Fashion
- Expanding its global footprint
- Building strategic partnerships
- Strengthening Nykaa’s presence in the fashion e-commerce space
This appointment signals Nykaa’s commitment to further developing its fashion segment and solidifying its position as a leading player in the Indian e-commerce market.
Industry Context and Future Outlook
The resignation of Nihir Parikh comes at a time when Nykaa is navigating a competitive landscape in the fashion e-commerce sector. As consumer preferences continue to evolve, the company aims to leverage Dabas’ expertise to enhance its market strategy and drive innovation.
Commitment to Growth
With Dabas at the helm, Nykaa is expected to focus on expanding its product offerings and enhancing customer engagement through personalized shopping experiences. The leadership transition reflects Nykaa’s proactive approach to adapting to market dynamics while maintaining its growth trajectory.
Conclusion
Nihir Parikh’s departure marks the end of an influential chapter for Nykaa Fashion, while Abhijeet Dabas’ appointment heralds a new era of leadership aimed at driving growth and innovation. As both companies navigate this transition, they remain committed to enhancing their offerings and solidifying their positions within India’s dynamic e-commerce landscape.
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