Google, Microsoft, Facebook, Twitter, AOL, LinkedIn, and Yahoo have banded together to created the Reform Government Surveillance coalition, declaring that spy tactics around the world need to change now.
AOL had both good and bad news to share with investors today, showing that one big gamble paid off while another one continues to drag the company down.
AOL isn’t done with the subscription business yet.
Revolution Ventures has raised a $200 million fund, which the firm said is the “largest first-time venture fund outside of Silicon Valley since the 2008 financial crisis.” It focuses on early startups “off-the-beaten path.”
“I’m not sure I can say this more clearly: we’re not in cahoots with the NSA and there’s is no government program that Google participates in that allows the kind of access that the media originally reported.”
Microsoft, Yahoo, Google, Facebook, AOL, and Apple might breathe a little easier today as NSA Director General Keith Alexander lends credibility to their testimony.
“The revelations about the National Security Agency’s surveillance apparatus, if true, represent a stunning abuse of our basic rights,” the organization’s open letter reads. “We demand the U.S. Congress reveal the full extent of the NSA’s spying programs.”
We’ve contacted all those companies to get a statement from them on why they are allegedly participating, what they are reportedly giving to the NSA, and how their customers and users can trust that anything they transmit or share through those services can ever be private.
“That’s the kind of word game they play,” ex-NSA chief Bill Binney said also at Def Con. “There’s absolutely no excuse for him even implying that he’s not collecting all this data.”
Guest Post Retargeting boils down to well-informed persistence: Customers who don’t convert receive follow-up messages testing new offers, different copy or colors or multiple calls to action to ensure that no opportunity for a conversion is missed.
Emurse, a company in the increasingly hot recruiting and job search industry, is being shuttered by AOL. AOL bought the online resume site in mid 2009, but has done effectively nothing with the service, and now as part of the company’s increasing attempts to narrowly focus where it can add value, is shutting it down.
Every time AOL is expected to fade into obscurity, something crazy happens to make it relevant again. Today it’s the five-year extension of AOL’s contract with Google to provide search functions and a portion of ad revenue.
Google sold its 5 percent stake in AOL to Time Warner Inc. for $283 million, down from the $1 billion it paid in 2005. This puts AOL’s overall value at about $5.7 billion, less than 30 percent of the company’s $20 billion valuation based on what Google paid four years ago, according to Bloomberg News.