CNN
LinkedIn’s Ultimate Plan Is To ‘Map Out The Underpinnings Of The Global Economy’
Source: http://www.businessinsider.com/future-of-linkedin-video-2012-11
LinkedIn has come along way from being just an online resume tool or a social network, with its news updates and discussion features.
At our IGNITION conference this week, we heard about the company’s most ambitious plans yet from its CEO Jeff Weiner
LinkedIn wants to become a sort of an economic tool that will be able to “map out the underpinnings of the global economy.”
“Imagine a digital representation of every economic opportunity in the world — temporary or full-time jobs,” Weiner told Business Insider editor-in-chief Henry Blodget. “Imagine all the skills required to obtain those roles would be digitally represented.”
Find out what LinkedIn may be capable of in the future below:
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Produced by Business Insider Video
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Papa John’s Faces $250 Million Lawsuit Over SMS Spam
Source: http://gizmodo.com/5960412/papa-johns-faces-250-million-lawsuit-over-sms-spam
Papa John’s has clearly been a little over-eager with its digital promotion. Now, it’s facing a $250 million class-action lawsuit over all the spammy text messages it’s been sending you and everybody else around the US.
It’s alleged that Papa John’s sent 500,000 unwanted messages in early 2010, CNN Money reports. It gets worse: at times, customers were receiving 15 texts in a row, even in the middle of the night. Nobody needs a pizza offer that badly.
Of course, those texts were actually sent through a third-party text messaging service—in this case one called OnTime4U—so both companies will find themselves in the dock. And it could prove costly: the plaintiffs in the case are seeking damages of $500 per text. Think of all the pizza you could buy with that. [CNN Money]
Image by jdnx under Creative Commons license
Obama’s Win Sent Instagram into Overdrive
Source: http://gizmodo.com/5958723/obamas-win-sent-instagram-into-overdrive
It’s not just Twitter that saw an astronomical boost from last night’s electoral dance—Instagram completely exploded as soon as Obama clinched presidential victory. In a huge way.
Within just six quick minutes—about as much time as it took for ecstatic Democrats to confirm on Twitter, jump up and down a little, pick up their phones, and pick a filter, the rate of photos uploaded to Instagram more than double to 2.1 the normal rate. If you’re a user of the app—and you probably are!—you no doubt got sepia peeks into a lot of living rooms and apartments around the country. The CNN close-up shot was a particular favorite. [Instagram]
Just 35 Percent Of Americans Cash In On Jobless Benefits
Among consumers eligible for unemployment benefits, just over one-third actually bother to cash in on average, according to new data from the Federal Reserve Bank of St. Louis.
The data applies to the last 22 years (1989 to 2011), save for during the recession, when elligible claims rose to 50 percent.
The findings are key for a couple of reasons.
Back in July, CNN Money cited data that showed that the Dept. of Labor had overpaid jobless claims by no less than $14 billion in 2011. In 2009, it was estimated that 11 percent of all claims were overpaid, for a total of about $11 billion.
But since so many elligible workers are actually leaving their cash on the table, the agency should be more than capable of making up for lost funds.
For example, the 50 percent of workers who didn’t apply for benefits in 2009 saved the government an estimated $108 billion.
That’s more than 10 times as much cash the Dept. of Labor said was wasted on overpaying benefits the same year
There’s no denying overpaying jobless benefits is a problem –– most of them wind up in the hands of prisoners, identity thieves, retirees, and current workers –– but the report at least helps put that shortcoming into perspective.
Fraud is responsible for just 3 percent of all benefits paid, the Fed found, while eligible consumers leave seven times that much cash on the table by not applying for benefits.
And overpayments are beginning to slowly improve. The Department of Labor reported a 0.35 percent drop in overpayme! nts betw een July 2010 and 2011, and a 0.4 percent drop in errors caused by people who didn’t register their employment status with their state’s labor department.
The BLS put together a map of each state’s improper payment history in 2011, when overpayments topped $14 billion:
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Why eCommerce Can Thrive in a Soft LCD TV Market
Source: http://blog.compete.com/2012/07/31/why-ecommerce-can-thrive-in-a-soft-lcd-tv-market/
Image from: Old Television / Shutterstock
CNN Money recently reported that for the first time ever, shipments of LCD TVs were down in Q1 2012. The article attributes the decline to market saturation – most consumers already own a flatpanel TV, and those who don’t are likely willing to defer their purchase, especially given the weak global economy.
We’ve seen from past research that the majority of TV purchases are made offline – it’s an expensive, highly considered purchase for most consumers and seeing the product in person provides some reassurance that you’re making the right decision.
However, the online channel plays an important role for many consumers, in particular early in the research process. Retail websites are among the most popular resources for TV shoppers, who visit sites like BestBuy.com and Amazon to read consumer reviews and comparison shop feature sets and prices of TVs.
If interest in flatpanel TVs is waning, we would expect to see evidence of that in the online shopping behavior of US consumers. To test this, we looked at the volume of consumers shopping for LCD TVs at BestBuy.com, a leading online retailer of TVs.
Interest in LCD TVs on BestBuy.com has actually grown significantly (up 36% Y-O-Y in Q1 2012). This held true in April & May of 2012, where LCD interest was up 62% Y-O-Y vs. 2011.
LCD TV shipments are down, yet online consumers continue to show strong interest in the product category – what’s driving the diverging trends? Consumers are still interested in buying TVs, they’re just becoming more cautious about pulling the trigger. As a result, consumers are likely spending more time researching and shopping for deals from multiple sources online.
As online consumers become increasingly savvy about seeking deals for TVs and considering alternative options like tablets, the pressure will be on OEMs and retailers to optimize their campaigns and eCommerce experiences to compete for a shrinking pool of dollars.
Source: http://gizmodo.com/5882546/us-military-to-get-secure-android-handsets
In a war zone, a standard mobile phone, with its countless possible security flaws, is no use — which is why the military doesn’t rely on them. But now that’s changing, as the US military is investing in secure Android handsets.
It’s not the first time we’ve heard about the army handing out smart phones — hell, they even run competitions to develop apps. But CNN is reporting that the US military is, after two years of testing, intending to “install its custom software on commercially available phones.” It’s starting out with a custom modification of Android’s kernel. The ideas is to give fine-grained control over data, applications and information transmission, as well as providing officials with detailed usage feedback.
Interestingly, this looks set not just to be limited to the military, as CNN reports that “each version of the Android OS [will] be certified once for all federal agencies”, suggesting that these new secure Android handsets may become standard issue across the whole of the US government. That would be bad news for BlackBerry, because RIM currently provides most federal phones — even Obama’s. The new secure handsets are to be shipped out to soldiers by March for testing. [CNN; Image: U.S. Air Force]
FREE Customer Research and Why You SHOULD Run Ideas By Your Audience First
free research on twitter – twitter ROI
what CNN should have done before they launched their radical new design (which apparently they themselves thought was really cool, but their readers and others, not so much)
RT @bmorrisssey
Samsung 52 inch HDTV $9.99 at BestBuy – purchase receipt below (6:21a eastern time August 12, 2009)
Buy Link at the bottom of the post
Click for product page: Samsung – 52″ Class / 1080p / 120Hz / LCD HDTV LN52A650 SKU: 8749287
Order is still good as of 12:23 pm EST August 12, 2009.
BestBuy knows digital and social media. CMO Barry Judge tells it like it is.
Related:
http://abcnews.go.com/Business/story?id=8311580&page=1
http://www.washingtonpost.com/wp-dyn/content/article/2009/08/12/AR2009081202660.html
http://adage.com/article?article_id=138469
http://www.nbcwashington.com/around-town/shopping/Best-Buy-Bummer-999-HDTVs-an-Error-53043522.html
http://blogs.zdnet.com/gadgetreviews/?p=6697
http://www.cnn.com/2009/US/08/13/bestbuy.mistake/index.html
http://www.myfoxdc.com/dpp/news/081209_best_buy_offers_999_hdtv_by_mistake
http://www.kktv.com/home/headlines/53067682.html
http://www.wftv.com/countybycounty/20371068/detail.html
http://www.shoppingblog.com/blog/8120912
http://www.cepro.com/article/best_buy_accidentally_lists_1700_hdtv_for_10/
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Dr. Augustine Fou is Digital Consigliere to marketing executives, advising them on digital strategy and Unified Marketing(tm). Dr Fou has over 17 years of in-the-trenches, hands-on experience, which enables him to provide objective, in-depth assessments of their current marketing programs and recommendations for improving business impact and ROI using digital insights.
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