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Obama signs Safe Web Act into law, extends FTC power to combat online scam artists

Source: http://www.engadget.com/2012/12/04/obama-signs-safe-web-act-online-scammer/

scammer online Obama signs Safe Web Act into law, extends FTC power to combat online scam artists

See that guy? The one in the bubble? He’s probably up to no good. Thanks to President Obama, however, he’s going to have a much harder time duping innocent young ladies like the one also shown here. Per The Hill, the POTUS has just signed into law the Safe Web Act, which extends the Federal Trade Commission’s authority to “clamp down on Internet fraud and online scammers based abroad.” In simpler terms, it enables the entity to share data about “cross-border online fraud with foreign law enforcement authorities” through September of 2020. According to an unnamed official within the FTC, the existing edition of this act has allowed it to conduct over 100 investigations into cross-border fraud and scam, but it’s unclear how much crime was stopped and how many people were needlessly annoyed. We kid, we kid.

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Via: The Next Web

Source: The Hill

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Tuesday, December 4th, 2012 news No Comments

We’re Checking Our Phones All The Time

Source: http://www.businessinsider.com/chart-of-the-day-were-checking-our-phones-all-the-time-2012-7

This chart comes from Business Insider Intelligence, a new research and and analysis service focused on the mobile and Internet industries. Sign up for a free trial here.

Are you constantly checking your phone for new emails, even before and after work? Even from bed?

You’re not alone. According to a survey of 1,000 working Americans by Good Technology, a firm which helps companies manage mobile devices, more than 6% of people check their phones for email for the first time before 5:00 a.m. (orange chart), and nearly 19% check them for the last time after 11:00 p.m. (blue chart.)

Looks like we’re all a little bit like Business Insider editor Joe Weisenthal, who’s always trying to stay ahead of the 24-hour news cycle.

chart of the day phone use Were Checking Our Phones All The Time

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Friday, July 6th, 2012 news No Comments

Why $1 Billion Is A Good Price For Instagram

Source: http://www.businessinsider.com/chart-of-the-day-why-1-billion-is-a-good-price-for-instagram-2012-4

If you look at how much Facebook paid for Instagram on a per user basis, you can see that it got a very good deal, says Andy Baio at Wired.

Baio, who has built a few startups in his day, compiled data on big acquisitions over the last ten years to argue that Instagram is not a sign that we’re in another tech bubble. As you can see, the per user price Facebook paid is cheap compared to other big acquisitions.

chart of the day startups cost per user april 2012 Why $1 Billion Is A Good Price For Instagram

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Thursday, April 12th, 2012 news No Comments

Here’s Facebook’s Next Big Business

Source: http://www.businessinsider.com/chart-of-the-day-heres-facebooks-next-big-business-2012-2


Facebook’s ad revenue may not be growing fast enough to justify a $100 billion valuation. But ads are not the company’s only source of revenue.

Payments are becoming a big deal as well.

Last summer, Facebook started charging companies like Zynga 30 percent of each transaction — like purchasing a virtual good like a cow. (That’s a big reason why Zynga accounts for 12 percent of Facebook’s revenue, alhough that figure includes advertising as well.)

So although payments started as a tiny sliver of Facebook’s overall revenue, now it’s up to about 17 percent of the total.

As companies start to sell other kinds of goods through Facebook, like concert tickets, this percentage could grow.

facebook ad revenue split Heres Facebooks Next Big Business 

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Facebook’s ad revenue may not be growing fast enough to justify a $100 billion valuation. But ads are not the company’s only source of revenue.

Payments are becoming a big deal as well.

Last summer, Facebook started charging companies like Zynga 30 percent of each transaction — like purchasing a virtual good like a cow. (That’s a big reason why Zynga accounts for 12 percent of Facebook’s revenue, alhough that figure includes advertising as well.)

So although payments started as a tiny sliver of Facebook’s overall revenue, now it’s up to about 17 percent of the total.

As companies start to sell other kinds of goods through Facebook, like concert tickets, this percentage could grow.

facebook ad revenue split Heres Facebooks Next Big Business 

Please follow SAI on Twitter and Facebook.

Join the conversation about this story »

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