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America Online

About 1.5 Million People Still Pay for AOL (cnbc.com) 81

Amid the hodgepodge of Verizon Media assets that Apollo Global Management is buying from Verizon -- Yahoo Finance, TechCrunch, advertising technology, Yahoo Fantasy -- there's one cash flow stream that will not die: AOL. From a report: The famed internet company that once bought Time Warner for $182 billion and used to make billions of dollars annually selling dial-up modem access, still has a monthly subscription service called AOL Advantage. In 2015, 2.1 million people were still using AOL's dial-up service. That revenue stream has dried up. The number of dial-up users is now "in the low thousands," according to a person familiar with the matter.

But AOL still has a fairly lucrative base of customers who pay for technical support and identity theft services each month. There are about 1.5 million monthly customers paying $9.99 or $14.99 per month for AOL Advantage, said another person, who asked not to be named because the information is private. If average revenue per user is $10 per month, conservatively, that's $180 million of annual revenue.

Yahoo!

Verizon Sells Internet Trailblazers Yahoo and AOL for $5 Billion (apnews.com) 64

AOL and Yahoo are being sold again, this time to a private equity firm. From a report: Wireless company Verizon will sell Verizon Media, which consists of the once-pioneering tech platforms, to Apollo Global Management in a $5 billion deal. Verizon said Monday that it will keep a 10% stake in the new company, which will be called Yahoo. Yahoo at the end of the last century was the face of the internet, preceding the behemoth tech platforms to follow, such as Google and Facebook. And AOL was the portal, bringing almost everyone who logged on during the internet's earliest days. Verizon spent about $9 billion buying AOL and Yahoo over two years starting in 2015, hoping to jump-start a digital media business that would compete with Google and Facebook.
Television

Former Netflix IT Executive Convicted of Fraud and Taking Bribes (justice.gov) 24

Business Insider reports: Former Netflix vice president of IT Michael Kail was convicted by a federal jury on Friday of 28 counts of fraud and money laundering, the U.S. Department of Justice announced in a press release.

Kail, who was indicted in 2018, used his position to create a "pay-to-play" scheme where he approved contracts with outside tech companies looking to do business with Netflix in exchange for taking bribes and kickbacks, according to evidence presented to the jury, the release said. Kail accepted bribes or kickbacks from nine different companies totaling more than $500,000 as well as stock options, according to the Department of Justice's press release...

Netflix sued Kail after he left the company in 2014 to take a role as Yahoo's CIO, accusing him of fraud and breaching his fiduciary duties.

One FBI agent says that Kail "stole the opportunity to work with an industry pioneer from honest, hardworking, Silicon Valley companies," according to the details in the Department of Justice statement: To facilitate kickback payments, the evidence at trial showed that Kail created and controlled a limited liability corporation called Unix Mercenary, LLC. Established on February 7, 2012, Unix Mercenary had no employees and no business location. Kail was the sole signatory to its bank accounts...

Kail faces a maximum sentence of twenty years in prison and a fine of $250,000, or twice his gross gain or twice the gross loss to Netflix, whichever is greater, for each count of a wire or mail fraud conviction, and ten years in prison and a fine of $250,000 for each count of a money laundering conviction.

Verizon

Verizon Is Weighing a Sale of Yahoo, AOL (bloomberg.com) 88

According to Bloomberg, Verizon is considering selling AOL and Yahoo -- two once high-flying dot-com brands it purchased in 2015 and 2017, respectively. Bloomberg reports: Verizon Media could fetch as much as $5 billion [...]. The company is talking to Apollo Global Management about a deal, they said. It couldn't immediately be learned how a deal would be structured or if other suitors may emerge. No final decision has been made and Verizon could opt to keep the unit. The move comes as Verizon divests tertiary media assets while ramping up its focus on its wireless business and the the rollout of its 5G service. Last year, it agreed to sell the HuffPost online news service to BuzzFeed Inc. and it unloaded the blogging platform Tumblr in 2019. This divestiture would mark Verizon's final retreat from an expensive foray into online advertising, a strategy that never really took off.
Crime

Unreturned VHS Tape 21 Years Ago Leads to Surprise 'Felony Embezzlement' Charge (yahoo.com) 193

"An Oklahoma woman was recently informed that she was charged with felony embezzlement of rented property for not returning a VHS tape over 20 years ago," reports Business Insider: Caron McBride reportedly rented the "Sabrina The Teenage Witch" tape at a now closed store in Norman, Oklahoma in 1999, according to KOKH-TV. She was charged a year later, in March 2000, after it was not returned, KOKH-TV reported citing documents. McBride was notified about the charge by the Cleveland County District Attorney's Office when she was attempting to change the name of her license after she got married, the news station reported...

"I had lived with a young man, this was over 20 years ago. He had two kids, daughters that were 8, 10, or 11 years old, and I'm thinking he went and got it and didn't take it back or something. I have never watched that show in my entire life, just not my cup of tea. Meanwhile, I'm a wanted felon for a VHS tape," McBride told the news station.

"Documents show the movie was rented at movie place in Norman, Oklahoma, which closed in 2008..." reports one local news station: McBride said over the last 20 years, she's been let go from several jobs without being given a reason why, and said it now all makes sense. "This is why. Because when they ran my criminal background check, all they're seeing is those two words: felony embezzlement," McBride said.
"The DA's office says the charge was filed under a previous district attorney," reports a local Oklahoma station, "and after reviewing the case, they thought it was fit to dismiss it."

But McBride still has to get an attorney to expunge the incident from her record.
Privacy

The Postal Service is Running a 'Covert Operations Program' That Monitors Americans' Social Media Posts (yahoo.com) 104

The law enforcement arm of the U.S. Postal Service has been quietly running a program that tracks and collects Americans' social media posts, including those about planned protests, according to a document obtained by Yahoo News. From the report: The details of the surveillance effort, known as iCOP, or Internet Covert Operations Program, have not previously been made public. The work involves having analysts trawl through social media sites to look for what the document describes as "inflammatory" postings and then sharing that information across government agencies. "Analysts with the United States Postal Inspection Service (USPIS) Internet Covert Operations Program (iCOP) monitored significant activity regarding planned protests occurring internationally and domestically on March 20, 2021," says the March 16 government bulletin, marked as "law enforcement sensitive" and distributed through the Department of Homeland Security's fusion centers. "Locations and times have been identified for these protests, which are being distributed online across multiple social media platforms, to include right-wing leaning Parler and Telegram accounts."
The Almighty Buck

Online Retailer Newegg Accepting Dogecoin as Payment Option (yahoo.com) 40

Online electronics retailer Newegg said it is now accepting dogecoin as a method of payment. From a report: Customers will be able to complete transactions using the dogecoin held in their BitPay wallet, according to an announcement Tuesday. Newegg first began accepting payments in bitcoin in July 2014. The company is now among the first retailers to accept dogecoin as payment. Further reading: Dogecoin Rips in Meme-Fueled Frenzy on Pot-Smoking Holiday.
Television

Documentary Claims to Unmask 'Q'. Are Q's Drops Over? (mashable.com) 150

QAnon "was all but confirmed to be a hoax by the person who ran the hoax," writes Mashable, citing the finale of a six-episode documentary on HBO by Cullen Hoback.

"All of it leads back to the same place — that there are very few other people who could have and would have made the Q drops other than the person who ran the place where they were posted," notes Newsweek: Ahead of the first episode, Ron Watkins posted on encrypted messaging service Telegram stating: "I am not Q. I've never spoken privately with Q. I don't know who Q is." However, during the final episode, Hoback suggests that Ron Watkins slips up and inadvertently reveals that he posted as Q on 8kun
A BBC investigative reporter on disinformation tweeted that climactic moment from Cullens' documentary, adding "It was so good it made the whole six hours worth it."

Or as Mashable puts it, "Ron Watkins seems to admit he's Q, in the dumbest possible ending to QAnon," calling it "so anticlimactic it bordered on absurd." The previously camera-shy Watkins — who runs 8kun [formerly 8chan] alongside his father, Jim — has long been the key suspect for the identity of Q... But his accidental reveal, the slip of the mask is huge, if anticlimactic, news... It's wild and so...dumb...that this is how we all find out — because Watkins slipped up for a second.

It makes sense since Q had somewhat inexplicably tied its fortunes to posting only on 8chan/8kun. It's inexplicable unless, you know, the Watkins family was behind the ordeal.

Insider notes that Fredrick Brennan, the software developer who created 8chan and has since become a vocal critic, also believes Q is one of the Watkins' — a theory investigated last June by the Atlantic. And in a September investigation, ABC News reported on the likelihood that Watkins is Q, finding that he and his son, Ron, were the "two Americans most clearly associated" with Q drops. The theory was also popularized by a September "Reply All" podcast episode...

At the end of February 2020, Watkins registered the PAC, "Disarm the Deep State," with the Federal Elections Commission.

They also note that after the documentary aired on HBO, "the community reacted as many experts suspected it would: denial and accusations of 'fake news.'" Watkins had apparently gone to great lengths to suggest to Cullen that Q was instead former Trump advisor Steve Bannon. And last week, the BBC reporter points out, Watkins' father began suggesting a new theory: that Q was actually....documentary maker Cullen Hoback. But the BBC reporter adds: Based on the finale of #QIntotheStorm Q drops are over for good. Both Jim and Ron told Cullen Hoback Q would end after the election, and that's exactly what happened.

We already had proof of the end given there haven't been any drops since 8 December, but we can now be certain.

Hoback's tweet specifically says that "Both Ron and Jim, but especially Ron, told me multiple times over the years that they believed Q would cease at the election." And Hoback adds:

"Ron implied on more than one occasion it *might be* a marketing campaign."
Software

UK Software Reseller Sues Microsoft For $370 Million (ft.com) 57

A British company is suing Microsoft for $370m in damages [Editor's note: the link may be paywalled; alternative source] in the English High Court, alleging that the US company is trying to crush a multibillion-dollar market in second-hand versions of its software. From a report: ValueLicensing buys pre-owned Microsoft software licences from companies that upgrade their IT or become insolvent, and then resells them across the UK and Europe. It claims on its website that its customers can save up to 70 per cent by buying used software, and points to one NHS Trust that allegedly saved $1.37 m by using Microsoft Office 2019, rather than the latest version of the office tools suite. Jonathan Horley, ValueLicensing's founder, accused Microsoft of harming competition in the used software market by persuading companies to relinquish their perpetual licences, often in exchange for discounts on Microsoft's cloud-based software, such as Office 365. "Microsoft has an incentive to move to its new cloud-based model and remove the old licences from the market so customers have no choice but to move to its subscription model," said Mr Horley, in an interview with the Financial Times.
IT

Yahoo Answers, a Repository for Stupid Questions, Is Shutting Down (vice.com) 94

After 16 years of asinine questions and dubious answers, Yahoo Answers is shutting down next month. From a report: The company announced that starting April 20, users won't be able to post new questions or answer other people's questions; on May 4, the site will become inaccessible, and will redirect to the Yahoo homepage. Users who've posted questions and answers in the past can download their data via request before June 30, 2021, here. "While Yahoo Answered was once a key part of Yahoo's products and services, it has become less popular over the years as the needs of our members have changed," an announcement that went out to users, as spotted by the good people of the r/DataHoarder subreddit, said.
Space

After Years of Setbacks, Researchers Finally Prepare Underwater Neutrino Telescope in Siberia (msn.com) 15

The New York Times tells the story of the Baikal-Gigaton Volume Detector, the largest neutrino telescope in the Northern Hemisphere and one of the world's biggest underwater space telescopes, now submerged in the world's deepest lake in Siberia.

The Times includes a quote from 80-year-old Russian physicist Grigori V. Domogatski, who has actually "led the quest" for this underwater telescope for 40 years. "If you take on a project, you must understand that you have to realize it in any conditions that come up," Dr. Domogatski said, banging on his desk for emphasis. "Otherwise, there's no point in even starting." [T]his hunt for neutrinos from the far reaches of the cosmos, spanning eras in geopolitics and in astrophysics, sheds light on how Russia has managed to preserve some of the scientific prowess that characterized the Soviet Union — as well as the limitations of that legacy... In the 1970s, despite the Cold War, the Americans and the Soviets were working together to plan a first deep water neutrino detector off the coast of Hawaii. But after the Soviet Union invaded Afghanistan, the Soviets were kicked out of the project. So, in 1980, the Institute for Nuclear Research in Moscow started its own neutrino-telescope effort, led by Dr. Domogatski. The place to try seemed obvious, although it was about 2,500 miles away: Baikal.

The project did not get far beyond planning and design before the Soviet Union collapsed, throwing many of the country's scientists into poverty and their efforts into disarray. But an institute outside Berlin, which soon became part of Germany's DESY particle research center, joined the Baikal effort.... By the mid 1990s, the Russian team had managed to identify "atmospheric" neutrinos — those produced by collisions in Earth's atmosphere — but not ones arriving from outer space. It would need a bigger detector for that. As Russia started to reinvest in science in the 2000s under President Vladimir V. Putin, Dr. Domogatski managed to secure more than $30 million in funding to build a new Baikal telescope...

Construction began in 2015, and a first phase encompassing 2,304 light-detecting orbs suspended in the depths is scheduled to be completed by the time the ice melts in April. (The orbs remain suspended in the water year-round, watching for neutrinos and sending data to the scientists' lakeshore base by underwater cable....) The Baikal telescope looks down, through the entire planet, out the other side, toward the center of our galaxy and beyond, essentially using Earth as a giant sieve. For the most part, larger particles hitting the opposite side of the planet eventually collide with atoms. But almost all neutrinos — 100 billion of which pass through your fingertip every second — continue, essentially, on a straight line. Yet when a neutrino, exceedingly rarely, hits an atomic nucleus in the water, it produces a cone of blue light called Cherenkov radiation. The effect was discovered by the Soviet physicist Pavel A. Cherenkov, one of Dr. Domogatski's former colleagues down the hall at his institute in Moscow. If you spend years monitoring a billion tons of deep water for unimaginably tiny flashes of Cherenkov light, many physicists believe, you will eventually find neutrinos that can be traced back to cosmic conflagrations that emitted them billions of light-years away.

The orientation of the blue cones even reveals the precise direction from which the neutrinos that caused them came.

Business Insider notes it's run by an international team of researchers from the Czech Republic, Germany, Poland, Russia, and Slovakia — and according to Russian news agency TASS cost nearly $34 million.

80-year-old Dr. Domogatski tells the Times, "You should never miss the chance to ask nature any question."
The Internet

LA Times Investigates Sneaker Resale Industry As Amazon Promotes It To Kids (latimes.com) 40

theodp writes: Sneakerheads like to complain about the one that got away," writes the L.A. Times' Ronald D. White. "About haunting sneaker apps and websites yet failing to win shoe-drop raffles or find what they want at semiaffordable prices. About how the system must be rigged by resellers using bots and inside connections. Now, a scandal involving a Nike executive and her reseller son is roiling the sneaker world, highlighting worst suspicions about a booming market in which shoes can be traded like stocks. For serious sneaker collectors, this is more than a tempest in a shoebox."

In a case of remarkably bad timing, just as the ethics of the lucrative sneaker resale industry came under scrutiny in the wake of the Nike scandal and questions were raised about exorbitant pandemic-fueled profits, Amazon launched a program for K-12 students that highlights how CS makes the sneaker resale marketplace gold rush possible. "Amazon and the AWS Services are really the backbone and foundation of how we do all of our work in Data Science," explains a GOAT Data Platform Engineer in an Amazon Future Engineer lesson that teaches kids how AI and data can be used to help flip sneakers by classifying GOAT website visitors as "Hype" ['willing to splurge'], "Core", or "Under Retail" user types.

Movies

Zack Snyder Plans Another Version of Re-Edited 'Justice League' - in Black and White (comicbook.com) 93

From a report: On Saturday, Zack Snyder himself will head to Twitch to unveil the first look at Justice League: Justice Is Gray... the grayscale version that will soon arrive on HBO Max. The "pre-show" for the event kicks off at 2:30 p.m. Pacific Time on the MANvsGAME channel, with the Snyder and and Justice League star Joe Manganiello joining the broadcast for the big reveal at 4:00 p.m. Pacific. StreamElements designed audience tools to use during the stream, including an engaging donation functionality that will benefit the American Foundation for Suicide Prevention.
The Chicago Tribune argues all you needed to know about Joss Whedon's original 2017 version is encapsulated in the 68-second YouTube video "Sad Affleck." (An SFGate columnist calls the new version "vastly better.") But the Tribune calls Snyder's four-hour director's cut "a 14-year-old's idea of gravitas. Epic, violent, full of naughty words, told with the lyricism of a pharmaceutical ad about bloating. And more importantly, for now, it's complete."

Yahoo Entertainment's Insider has compiled "The 45 biggest differences between 'Zack Snyder's Justice League' and the 2017 theatrical version." But Variety just specifically asked Zack Snyder, "Why is Justice League so violent?" [T]he violence in "Justice League" is bloodier and more violent than audiences are typically accustomed to with superhero movies, which are almost always rated PG-13 — and therefore largely bloodless. Snyder wanted to push the envelope. "It's a pure exercise in creative freedom," the director told Variety this week... Snyder says knowing his film would be streaming on HBO Max freed him from having to make his "Justice League" work for a PG-13 rating.

"Let's just do it the exact way we would if there was no ratings board," he said of his team's thinking. "Let's not use any second guessing. Let's just do it the way we think is the coolest. That was the philosophical approach." Part of the reason that "Justice League" is so violent is to realistically demonstrate what it would be like to actually face off against god-like superheroes.

ComicBook.com reports that Snyder is now also planning "a multi-day SnyderVerse movie marathon later in 2021, where showings of Man of Steel and Batman v Superman: Dawn of Justice will culminate in a theatrical IMAX screening of Zack Snyder's Justice League. The filmmaker is a "huge admirer" of the Justice Is Gray Edition in IMAX, calling it the "ultimate version" of Justice League that is "sort of the penultimate ridiculous movie that shouldn't exist at its highest most fetishistic level."
Snyder tells Esquire his four-hour re-edit was "a labor of love and I would do it again in a second. I wouldn't hesitate. And look, we were doing it for free. I really didn't care. I just wanted to get it, fix it."

Esquire adds that "Even if you decide not to dive into a four hour super hero movie, at least take away a lesson from the making of the Snyder Cut: in a time when so much of us have experienced wrongs and tragedy, sometimes wrongs can be righted, and sometimes your biggest visions find a way to get out into the world."
Movies

'Avatar' Reclaims Box Office Record from Marvel's 'Avengers: Endgame' After China Re-Release (yahoo.com) 90

ComicBook.com reports: Back in 2019, Avengers: Endgame hit theatres and after a couple of months, it ended up knocking Avatar out of the highest-grossing film spot. The James Cameron movie was number one for an entire decade before the Marvel film came along, but thanks to a recent re-release in China, Avatar is back on top...

When the news broke yesterday, many people took to social media to point out that the "real" winner was actually Zoe Saldana, who plays Gamora in the Marvel Cinematic Universe and Neytiri in Avatar. No matter which movie ultimately wins the box office wars, Saldana can't lose... Saldana is expected to return for both Guardians of the Galaxy Vol. 3 and Avatar 2.

Deadline reports the directors of Marvel's Avengers: Endgame, Joe and Anthony Russo, "have graciously saluted James Cameron's film Avatar for edging past them in the all-time worldwide box office totals," by tweeting a custom piece of artwork merging the Avatar and Avengers logos. James Cameron himself shared the tweet he'd received from Marvel Studios congratulating "ALL of Na'vi Nation for reclaiming the box office crown" (which also included a memorable line from Avengers: Endgame).

Deadline says it's part of a long-standing Hollywood tradition: A practice of taking out ads to pat each other on the back began in 1977 when Steven Spielberg congratulated buddy George Lucas after Star Wars overtook Jaws at the domestic box office. It carried on from there including when Lucas later gave a shout-out to Cameron as Titanic unseated Star Wars in 1998.

In 2015, Disney/Marvel and The Avengers paid tribute to Universal's Jurassic World and its record-smashing opening weekend. Later that year, Uni returned the hat tip as Disney/Lucasfilm's The Force Awakens rode past the dinosaurs, moving to social media for the first time. Then in 2019, Cameron saluted Endgame for overtaking Titanic and in July that year Cameron again said bravo when Endgame crossed Avatar.

IBM

IBM's Patent Income Slips as Companies Resist 'Godfather' Deals (spokesman.com) 114

"Even as IBM has sued an increasing number of companies, its IP income has shrunk," reports Bloomberg: Intellectual property rights historically brought in more than $1 billion a year, on average, helping offset massive research and development costs and shrinking revenue. Last year, IBM's income from intellectual property was $626 million, its lowest point since 1996, and 2019 wasn't much higher. While it continues to secure license deals, they are fewer and harder-won, with companies like Airbnb Inc. and Chewy Inc. waging battles in court...

In February, online pet-food seller Chewy requested a court order to block a $36 million patent fee IBM is demanding. Chewy accused IBM of "seeking exorbitant licensing fees for early internet patents having no value." IBM's claims against Chewy include years-old inventions such as targeted advertising and content resizing based on cursor activity, both ubiquitous on the web. Chewy said IBM doesn't make or sell products covered by the vast majority of the thousands of patents it has received over the past 20 years, but instead just threatens to sue if companies don't agree to pay for licenses. IBM has not answered Chewy's complaint, and no trial date has been set.

Companies that use their IP licensing aggressively as a way to make money are often referred to as patent trolls. However, IBM's position as the largest aggregator of U.S. intellectual property is more akin to being a patent godfather, says Robin Feldman, a law professor at the University of California, Hastings. With more than 38,000 active patents in its portfolio, and thousands of license agreements bolstering its legitimacy, IBM's demands have traditionally gone unchallenged, Feldman said. Such patent godfathers, with large portfolios, are "able to make offers that can't be refused." Even some of the most innovative technology giants have licensed IBM patents over the years. Alphabet Inc.'s Google, Amazon.com Inc. and LinkedIn are among countless companies that have had to pony up.

IBM also has long served as a patent bank for young companies to jump-start their portfolios. Facebook Inc. was not yet public in 2012 when it bought 750 patents on software and networking from IBM. As Instacart Inc. prepares to go public, it purchased almost 300 IBM patents in January ranging from e-commerce to smart shopping bags.

Noting a series of Supreme Court verdicts making it easier to invalidate a patent, Feldman, the law professor, told Bloomberg that "Being the godfather isn't what it used to be. It's not that patent aggregation as a business is over. You just make less money."
Robotics

Boston Dynamics Is Selling its 70-Pound Robot Dog To Police Departments (yahoo.com) 126

The New York Times reports on what the city's police department calls Digidog, "a 70-pound robotic dog with a loping gait, cameras and lights affixed to its frame, and a two-way communication system that allows the officer maneuvering it remotely to see and hear what is happening." Police said the robot can see in the dark and assess how safe it is for officers to enter an apartment or building where there may be a threat. "The NYPD has been using robots since the 1970s to save lives in hostage situations & hazmat incidents," the department said on Twitter. "This model of robot is being tested to evaluate its capabilities against other models in use by our emergency service unit and bomb squad."

But the robot has skeptics. Rep. Alexandria Ocasio-Cortez, a Democrat, described Digidog on Twitter as a "robotic surveillance ground" drone.... Jay Stanley, a senior policy analyst with the American Civil Liberties Union, said empowering a robot to do police work could have implications for bias, mobile surveillance, hacking and privacy. There is also concern that the robot could be paired with other technology and be weaponized. "We do see a lot of police departments adopting powerful new surveillance and other technology without telling, let alone asking, the communities they serve," he said. "So openness and transparency is key...."

A mobile device that can gather intelligence about a volatile situation remotely has "tremendous potential" to limit injuries and fatalities, said Keith Taylor, a former SWAT team sergeant at the police department who teaches at John Jay College of Criminal Justice. "It's important to question police authority; however, this appears to be pretty straightforward," he said. "It is designed to help law enforcement get the information they need without having a deadly firefight, for instance."

The Times reports that Boston Dynamics has been selling the dog since June. It's also already being used by the Massachusetts State Police and the Honolulu Police Department, "while other police departments have called the company to learn more about the robot, which has a starting price of about $74,000 and may cost more with extra features," according to Michael Perry, vice president of business development at the company.

The Times points out that the robot dog is also being purchased by utility and energy companies as well as manufacturers and construction companies, which use it to get into dangerous spaces. "The robot has been used to inspect sites with hazardous material. Early in the pandemic, it was used by health care workers to communicate with potentially sick patients at hospital triage sites, Perry said."
Bitcoin

Coinbase Says Entire Crypto Market Could Destabilize if Bitcoin's Creator is Ever Revealed or Sells Their $30 Billion Stake (yahoo.com) 227

Coinbase on Thursday released documents for its public debut on the Nasdaq stock exchange via a direct listing. In the filing, the digital trading platform cited as a risk factor Bitcoin's creator, Satoshi Nakamoto -- the pseudonym used by the person or group of people who created bitcoin. From a report: If the identity of the creator was revealed, it could cause bitcoin prices to deteriorate, according to the filing. The filing also referenced Nakamoto's personal stash of bitcoins, which totals over 1 million. As of February, one bitcoin was worth about $50,000. Nakamoto could negatively affect Coinbase, the company said, and destabilize the entire crypto market if the creator decided to transfer his bitcoins, which are valued at over $30 billion.
Facebook

Did Facebook Inflate Its Advertising Metrics? (gizmodo.com) 53

Business Insider reports: Facebook executives knew for years its "potential reach" advertising metric was inflated and overruled an employee warning to adjust it to avoid a revenue hit, plaintiffs of a lawsuit against the social media giant argued in an unredacted court filing.
Gizmodo writes: In a nutshell, this class action suit, which was first filed back in 2018, alleges that Facebook massaged figures for "Potential Reach" — an estimate that Facebook gives its advertisers for the number of people that might see their ad — to goad advertisers into spending more money on the platform, all in the hopes of reaching the people that Facebook had promised. These filings detail that some of Facebook's top brass, including Chief Operating Officer Sheryl Sandberg, were fully aware that the company spent years exaggerating the number of eyeballs its advertisers could reach...

Thanks to these unsealed filings, we know just how inflated some of those figures were. Here's an example: in 2018, Facebook told its advertisers that it had a Potential Reach of 230 million adults across the U.S., out of the 250 million adults that were counted by U.S. census data that year. But according to a 2018 Pew Research study, only about 68% (or 170 million adults) actually use the platform at all. Sandberg acknowledged in an internal email that "she'd known about problems with Potential Reach for years." But she repeatedly shot down employee's attempts to rectify those figures, according to the filing.

Internally, employees acknowledged that while the product bills itself as an estimate for how many "people" your ad might reach, it is, at best, an estimate for the number of accounts — including the untold numbers of fakes and duplicates. Some employees even ran the numbers in 2018, just to see what would happen if known duplicate accounts were cut out of Potential Reach, and saw a 10% drop in the numbers advertisers were given. Facebook chose not to cut them...

The suit points out that numbers Facebook continues to give its advertisers make even less sense, like telling them it can reach "100 million" 18-to-34 year old's across the country. Census data shows there's in fact only 76 million of them — and we know not all of them use Facebook.

Medicine

WHO Lists AstraZeneca/Oxford COVID-19 Vaccine for Emergency Use (yahoo.com) 65

The World Health Organization (WHO) on Monday listed AstraZeneca and Oxford University's COVID-19 vaccine for emergency use, widening access to the relatively inexpensive shot in the developing world. From a report: A WHO statement said it had approved the vaccine as produced by AstraZeneca-SKBio (Republic of Korea) and the Serum Institute of India. "We now have all the pieces in place for the rapid distribution of vaccines. But we still need to scale up production," said Tedros Adhanom Ghebreyesus, WHO Director-General. The listing by the UN health agency comes days after a WHO panel provided interim recommendations on the vaccine, saying two doses with an interval of around 8 to 12 weeks must be given to all adults, and can be used in countries with the South African variant of the coronavirus as well. The AstraZeneca/Oxford shot has been hailed because it is cheaper and easier to distribute than some rivals, including Pfizer/BioNTech's, which was listed for emergency use by the WHO late in December.
Businesses

Biden Team Pledges Aggressive Steps To Address Chip Shortage (yahoo.com) 175

The Biden administration is working to address the global semiconductor shortage that has caused production halts in U.S. industries including autos, White House Press Secretary Jen Psaki said. From a report: The administration is identifying choke points in supply chains and discussing an immediate path forward with businesses and trading partners, Psaki told reporters at the White House on Thursday. In the longer term, policy makers are looking for a comprehensive strategy to avoid bottlenecks and other issues the semiconductor industry has been facing for years. President Joe Biden is expected to sign an executive order directing a government-wide supply chain review for critical goods in the coming weeks, with the chip shortage a central concern behind the probe. The order will compel a 100-day review led by the National Economic Council and National Security Council focused on semiconductor manufacturing and advanced packaging, critical minerals, medical supplies and high-capacity batteries, such as those used in electric vehicles, two people familiar with the draft said. Additional supply-chain assessments are expected within a year, focused on critical products -- materials, technology and infrastructure -- and other materials tied to defense, public health, telecommunications, energy and transportation.

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