Fastly pops in public offering showing that there’s still money for tech IPOs

Shares of Fastly, the service that’s used by websites to ensure that they can load faster, have popped in its first hours of trading on the New York Stock Exchange.

The company, which priced its public offering at around $16 — the top of the estimated range for its public offering — have risen more than 50% since their debut on public markets to trade at $25.01.

It’s a sharp contrast to the public offering last week from Uber, which is only just now scratching back to its initial offering price after a week of trading underwater, and an indicator that there’s still some open space in the IPO window for companies to raise money on public markets, despite ongoing uncertainties stemming from the trade war with China.

Compared with other recent public offerings, Fastly’s balance sheet looks pretty okay. Its losses are narrowing (both on an absolute and per-share basis according to its public filing), but the company is paying more for its revenue.

San Francisco-based Fastly competes with companies that include Akamai, Amazon, Cisco and Verizon, providing data centers and a content-distribution service to deliver videos from companies like The New York Times, Ticketmaster, New Relic and Spotify.

Last year, the company reported revenues of $144.6 million and a net loss of $30.9 million, up from $104.9 million in revenue and $32.5 million in losses in the year ago period. Revenue was up more than 38% and losses narrowed by 5% over the course of the year.

The outcome is a nice win for Fastly investors, including August Capital, Iconiq Strategic Partners, O’Reilly AlphaTech Ventures and Amplify Partners, which backed the company with $219 million in funding over the eight years since Artur Bergman … Read the rest

Facebook co-founder, Chris Hughes, calls for Facebook to be broken up

The latest call to break up Facebook looks to be the most uncomfortably close to home yet for supreme leader, Mark Zuckerberg.

“Mark’s power is unprecedented and un-American,” writes Chris Hughes, in an explosive op-ed published in The New York Times. “It is time to break up Facebook.”

It’s a long read, but worth indulging for a well-articulated argument against the market-denting power of monopolies, shot through with a smattering of personal anecdotes about Hughes’ experience of Zuckerberg — who he at one point almost paints as “only human,” before shoulder-dropping into a straight thumbs-down that “it’s his very humanity that makes his unchecked power so problematic.”

The tl;dr of Hughes’ argument against Facebook/Zuckerberg being allowed to continue its/his reign of the internet knits together different strands of the techlash zeitgeist, linking Zuckerberg’s absolute influence over Facebook, and therefore over the unprecedented billions of people he can reach and behaviourally reprogram via content-sorting algorithms, to the crushing of innovation and startup competition; the crushing of consumer attention, choice and privacy, all hostage to relentless growth targets and an eyeball-demanding ad business model; the crushing control of speech that Zuckerberg — as Facebook’s absolute monarch — personally commands, with Hughes worrying it’s a power too potent for any one human to wield.

“Mark may never have a boss, but he needs to have some check on his power,” he writes. “The American government needs to do two things: break up Facebook’s monopoly and regulate the company to make it more accountable to the American people.”

His proposed solution is not just a break up of Facebook’s monopoly of online attention by re-separating Facebook, Instagram and WhatsApp — to try to reinvigorate a social arena it now inescapably owns — he also calls for U.S. policymakers to step up to the … Read the rest

We are leaving older adults out of the digital world

May is national Older Americans Month, and this year’s theme is Connect, Create, Contribute. One area in particular threatens to prevent older adults from making those connections: the digital divide.

Nationally, one-third of adults ages 65 and older say they’ve never used the internet, and half don’t have internet access at home. Of those who do use the internet, nearly half say they need someone else’s help to set up or use a new digital device. Even in San Francisco – the home of technology giants like Twitter, Facebook, and Google – 40% of older adults do not have basic digital literacy skills, and of those, more than half do not use the internet at all.

Mastering digital technology has become a key component of what it means to fully participate in society. If we do not provide technology access and training to older adults, we shut them out from society, worsening an already worrisome trend of isolation and loneliness among the elderly.

As a researcher working directly with isolated older adults to provide low-cost internet, tablets, and digital training through the Tech Allies program, led by the non-profit Little Brothers Friends of the Elderly, I regularly hear this sentiment from seniors.

I visit Tech Allies participants – whose ages range from 62 to 98 – both before and after their eight weeks of one-on-one technology training. We talk about their experiences with and perspectives on technology today. In reflecting on why he and other older adults would want to learn to use the internet, one elder told me, “We feel … Read the rest

Social media firms agree to work with UK charities to set online harm boundaries

Social media giants, including Facebook -owned Instagram, have agreed to financially contribute to UK charities to fund them making recommendations that the government hopes will speed up decisions about removing content that promotes suicide/self-harm or eating disorders on their platforms.

The development follows the latest intervention by health secretary Matt Hancock, who met with representatives from the Facebook, Instagram, Twitter, Pinterest, Google and others yesterday to discuss what they’re doing to tackle a range of online harms.

“Social media companies have a duty of care to people on their sites. Just because they’re global doesn’t mean they can be irresponsible,” he said today.

“We must do everything we can to keep our children safe online so I’m pleased to update the house that as a result of yesterday’s summit, the leading global social media companies have agreed to work with experts… to speed up the identification and removal of suicide and self-harm content and create greater protections online.”

However he failed to get any new commitments from the companies to do more to tackle anti-vaccination misinformation — despite saying last week that he would be heavily leaning on the tech giants to remove anti-vaccination misinformation, warning it posed a serious risk to public health.

Giving an update on his latest social media moot in parliament this afternoon, Hancock said the companies had agreed to do more to address a range of online harms — while emphasizing there’s more for them to do, including addressing anti-vaccination misinformation.

“The rise of social media now makes it easier to spread lies about vaccination so there is a special responsibility on the social media companies to act,” he said, noting that coverage for the measles, mumps and rubella vaccination in England decreased for the fourth year in a row last year — dropping to … Read the rest

Setting Archive

Technology and Communication,Information Technology,Media Technology,Modern Technology,Traditional TechnologyInformation Technology creates giant-scale, safe IT networks and programs and skilled companies for U.S. protection and intelligence, state and native government and commercial clients. That is an open-entry article distributed under the terms of the Creative Commons Attribution License ( ), which permits unrestricted use, distribution, and copy in any medium, provided the unique work, first published within the Journal of Medical Internet Research, is properly cited. In the realm of business, entry to communication or privileged data was hitherto a major source of competitive advantage.

To that end, students take courses in know-how, improvement studies, policy and fieldwork strategies. Media and applied sciences are interpreted in the broadest sense, to embody digital broadcasting, the web and on-line sources, and different new and rising codecs, as well as the traditional media of print, broadcast television and radio. Using know-how in communication is increasing more concupiscence, anger, greed, fascination and jealousy, it is because the know-how has created larger competition available in the market, everyone seems to be preventing with each other for career, enterprise, revenue and reputation.

Experiential studying approach helps you purchase real-world abilities to jump-start your career. Chinese Web addiction inventory: Developing a Measure of problematic Web use for Chinese language college college students. Individuals additionally have to have skills in communications tools troubleshooting, business, and demanding thinking, in addition to a powerful information of pc programming.

Web dependancy on campus: The vulnerability of college students. The Government of Egypt and its Ministry of Well being have established a number of e-Well being packages to convey higher diagnostic and well being providers to a wider section of the Egyptian society. As we speak’s society is very dependent on Info and Communication Expertise (ICT). Students analyze visual messages from the following media: print photography, video, movie, and the web.… Read the rest