In a column, Steven Sinofsky, former President of the Windows Division at Microsoft, cites various examples from the past to suggest that it is often when incumbents in technology space have established market dominance that new startups rise and displace them: While the tech incumbents are clearly generating massive revenue and profits, nearly all of this comes from products developed long ago. In fact, as we now know in hindsight, it is exactly when conventional wisdom conflates today's economic success with forward-looking product innovation that seeds are being planted for the next massive wave of innovation. Google was formed at time when the incumbents of AOL and even Yahoo were stronger than ever. Facebook came just after the dot com bubble burst. Even the reincarnation of Apple took place after the bubble burst with products being developed as the bubble peaked. And for what it is worth, the PC ecosystem, particularly Windows, was relatively "flat" mired in Windows Vista while Firefox dominated and Google Chrome was appeared (Windows 7 wouldn't come out for a year after Chrome). In the infrastructure space, the seeds were planted for both AWS and VMWare in the shadow of the dot com bubble. In an historical context it is highly likely that the next wave of innovation in new technologies and new companies will happen right under the noses of big companies operating at what the public markets think of as peak (earnings) potential.

Cutting_Crew writes: Along with Yahoo Messenger, MSN Messenger and ICQ, I used AIM extensively (without an AOL subscription of course). AIM will finally come to a halt on December 15th, 2017, as reported a few months ago and explained in AOL fashion over on their website. I remember using AIM to keep in touch with friends, co-workers and yes, even tried dating back in the day using the "looking for love" feature not only available to AOL subscribers but also extended to AIM users as well. Any memories you want to share? Speak now, or forever hold your peace.

Internet giants such as Google and Facebook must pay copyright charges for using news content on their platforms, nine European press agencies said. These giant platforms, news agencies said, make vast profits from news content on their platforms. The call comes at a time when the EU is debating a directive to make Facebook, Google, Twitter and other major players pay for the millions of news articles they use or link to. From a report: "Facebook has become the biggest media in the world," the agencies said in a plea published in the French daily Le Monde. "Yet neither Facebook nor Google have a newsroom... They do not have journalists in Syria risking their lives, nor a bureau in Zimbabwe investigating Mugabe's departure, nor editors to check and verify information sent in by reporters on the ground." The agencies argued, "access to free information is supposedly one of the great victories of the internet. But it is a myth."

Mark Wilson writes: Mozilla and Yahoo have started a legal spat about the deal that existed between the two companies regarding the use of the Yahoo search engine in the Firefox browser. On December 1, Yahoo fired the first shot filing a complaint that alleges Mozilla breached a contract that existed between the two companies by terminating the arrangement early. In a counter complaint, Mozilla says that it was not only justified in terminating the contract early, but that Yahoo Holdings and Oath still have a bill that needs to be settled.

Well, now we know what paid for all those programmers cranking out the overhauled Firefox Quantum browser: a major infusion of new money. From a report: Mozilla, the nonprofit behind the open-source web browser, saw its 2016 revenue increase 24 percent to an all-time high of $520 million, it said Friday. Expenses grew too, but not as much, from $361 million to $337 million, so the organization's war chest is significantly bigger now. Mozilla, which now has about 1,200 employees, releases prior-year financial results in conjunction with tax filings. Most of Mozilla's money comes from partnerships with search engines like Google, Yahoo, DuckDuckGo, Baidu and Yandex. When you search through Firefox's address bar, those search engines show search ads alongside results and share a portion of the revenue to Mozilla. Mozilla in 2014 signed a major five-year deal with Yahoo to be the default search engine in the US, but canceled it only three years in and moved back to Google instead in November. Mozilla's mission -- to keep the internet open and a place where you aren't in the thrall of tech giants -- may seem abstract. But Mozilla succeeded in breaking the lock Microsoft's Internet Explorer had on the web a decade ago, and now it's fighting the same battle again against Google's Chrome.

Alex Barredo, a technology writer, shares his observation on Tumblr's popularity over the past few years: Tumblr is the home of some of the most creative online personas, and now it is dying. Or so it seems. Founded on early 2007 by David Karp with a new formula for really simplified blogging, it quickly took off. With each passing quarter, most of their stats were crushing it. It was the new star of the New York tech scene. The East Coast had a good social platform after years of Californian monopoly (MySpace, Bebo, Facebook, Twitter, etc), at last. In May of 2013, Yahoo snatched it for a cool $1.1 billion: $990 million plus liabilities. Less than a year after the deal was closed, Tumblr peaked in activity. By February of 2014, there were more than 106 million new posts each day on the platform. Today that figure has been slashed by two thirds to around 35 million. David Karp, the founder of Tumblr, said today he was leaving the company. Karp founded Tumblr close to 11 years ago with Marco Arment. He wrote: I beg you to understand that my decision comes after months of reflection on my personal ambitions, and at no cost to my hopefulness for Tumblr's future or the impact I know it can have. The internet is at a crossroads of which this team can play a fundamental role in shaping. You are in the driver seat, and I am so excited to see where you go!

Yahoo Groups were nonfunctional all last week, according to customers complaining on the company's support forum and Twitter. From a report: Yahoo Groups, which is a hybrid between a classic discussion board (forum) and a mailing list, was recently acquired by Verizon. The issues appear to have started last Sunday, November 17, when users began complaining that they could not access the site, and when the site was up, users could not start new discussions and post new messages. In addition, when posting messages and starting new topics was possible, Groups would not send email notifications to the other group participants. Similarly, Yahoo Groups would not create web posts for replies people sent in via email.

An anonymous reader quotes a report from Yahoo News: Mindgeek may be the most powerful company that you've never heard of, or at least, a company you'll claim never to have heard about in polite company. It's the conglomerate that owns some of the world's most visited porn sites, including Pornhub, RedTube and YouPorn. Far from simply being a popular and free way for people to consume adult content, it may soon have a powerful political role in the UK that will ensure its dominance for decades to come. That's because, within the next year, Mindgeek may become the principal gatekeeper between the country's internet users and their porn. In April, the UK passed the Digital Economy Act 2017, legislation that mandated that any website showing adult content must verify the ages of its visitors. It was pushed through in response to concerns that children were being corrupted by easy access to and exposure to adult content at an early age. Section 15(1) of the bill requires that "pornographic material" not be published online, on a "commercial basis," unless it is "not normally accessible by those under 18." The bill has several flaws, not least the number of vague proposals it contains, and the ad hoc definition of what pornography actually is. Section 17 of the same act outlined the creation of an "age-verification regulator," the digital equivalent of a bouncer standing between you and your porn. This gatekeeper will have the right, and duty, to demand you show proof of age, or else refuse you access. In addition, the body will be able to impose fines and enforcement notices on those who either neglect or circumvent the policy. [...] The Open Rights Group believes that the BBFC will then hand over the actual mechanisms of the age verification platform to a third party in the private sector. Mindgeek has had several conversations with officials and is currently pushing its own age verification platform, AgeID. If selected, this platform could become the principal wall between Britons and their pornography -- giving Mindgeek enormous power in the market.

Jon Christian, writing for The Outline: For a while, spam -- unsolicited bulk messages sent for commercial or fraudulent purposes -- seemed to be fading away. The 2003 CAN-SPAM Act mandated unsubscribe links in email marketing campaigns and criminalized attempts to hide the sender's identity, while sophisticated filters on what were then cutting-edge email providers like Gmail buried unwanted messages in out-of-sight spam folders. In 2004, Microsoft co-founder Bill Gates told a crowd at the World Economic Forum that "two years from now, spam will be solved." In 2011, cybersecurity reporter Brian Krebs noted that increasingly tech savvy law enforcement efforts were shutting down major spam operators -- including SpamIt.com, alleged to be a major hub in a Russian digital criminal organization that was responsible for an estimated fifth of the world's spam. These efforts meant that the proportion of all emails that are spam has slowly fallen to a low of about 50 percent in recent years, according to Symantec research.

But it's 2017, and spam has clawed itself back from the grave. It shows up on social media and dating sites as bots hoping to lure you into downloading malware or clicking an affiliate link. It creeps onto your phone as text messages and robocalls that ring you five times a day about luxury cruises and fictitious tax bills. Networks associated with the buzzy new cryptocurrency system Ethereum have been plagued with spam. Facebook recently fought a six-month battle against a spam operation that was administering fake accounts in Bangladesh, Indonesia, Saudi Arabia, and other countries. Last year, a Chicago resident sued the Trump campaign for allegedly sending unsolicited text message spam; this past November, ZDNet reported that voters were being inundated with political text messages they never signed up for. Apps can be horrid spam vectors, too. Repeated mass data breaches that include contact information, such as the Yahoo breach in which 3 billion user accounts were exposed, surely haven't helped. Meanwhile, you, me, and everyone we know is being plagued by robocalls.

An anonymous reader quotes Yahoo Finance: The billionaire media mogul behind such popular sites as Expedia, Match.com and HomeAdvisor has a one-word forecast for traditional media conglomerates concerned about being replaced by tech giants: serfdom. "They, like everyone else, are kind of going to be serfs on the land of the large tech companies," IAC chairman Barry Diller said... That's because Google and Facebook not only have such massive user bases but also dominate online advertising. "Google and Facebook are consolidating," Diller said. "They are the only mass advertising mediums we have..." He expects Facebook, Google and maybe Amazon to face government regulation, simply because of their immense size. "At a certain point in size, you must," he said. "It's inevitable."

He did, however, outline one positive for Big Tech getting so gargantuan. Big Telecom no longer has the economic leverage to roll back today's net-neutrality norms, in which internet providers don't try to charge sites extra for access to their subscribers. "I think it's hard to overturn practically," he said. "It is the accepted system."
Even if the U.S. government takes moves to fight net neutrality, Diller told CNBC that "I think it is over... It is [the] practice of the world... You're still going to be able to push a button and publish to the world, without anybody in between asking you for tribute. I think that is now just the way things are done. I don't think it can be violated no matter what laws are back."

Google's new Pixel Buds "are really bad" and "not worth buying," according to CNBC's technology products editor: The stand-out feature of Google Pixel Buds is that they're supposed to be able to translate spoken languages in near real-time. In my real-world tests, however, that wasn't the case at all. I took the Pixel Buds out on the streets of Manhattan, speaking to a Hungarian waiter in Little Italy, multiple vendors in Chinatown and more. If you press the right earbud and say "help me speak Chinese," for example, the buds will launch Google Translate, you can speak what you'd like to ask someone in another language, and a voice will read out the translated speech through your smartphone's speakers. Then, when someone replies, you'll hear that response through the Pixel Buds.

The microphone on the Pixel Buds is really bad, so it barely picked up my voice queries that I wanted to translate. I stood on the side of the road in Chinatown repeating myself at least 10 times trying to get the phone to pick up my speech in order to begin translation. It barely worked, even if I took the buds out and spoke directly into the microphone on the right earbud, and often only translated half of what I was trying to ask. In a quiet place, I was able to allow someone to respond to me, after which I'd hear the English translation through the headphones. That was neat, but it barely ever actually worked that way. To mitigate this, I found it was just easier to manually open the Google translate app, speak into my phone's microphone, and then let someone else also speak right into my phone. This executed the translation nearly perfectly, and meant that I didn't need the Pixel Buds at all.
The article ends by answering the question, Should you buy them? "Nope. There's nothing I recommend about the Pixel Buds.

"They're cheap-feeling and uncomfortable, and you're better off using the Google Translate app on a phone instead of trying to fumble with the headphones while trying to translate a conversation. The idea is neat, but it just doesn't work well enough to recommend to anyone on any level."

Mozilla today launched Firefox Quantum, which the company is calling "the biggest update since Firefox 1.0 in 2004." It brings massive performance improvements and a visual redesign. It also sets Google as the default search engine again if you live in the U.S., Canada, Hong Kong and Taiwan. TechCrunch reports: In 2014, Mozilla struck a deal with Yahoo to make it the default search engine provider for users in the U.S., with Google, Bing, DuckDuckGo and others as options. While it was a small change, it was part of a number of moves that turned users against Firefox because it didn't always feel as if Mozilla had the user's best interests in mind. Firefox Quantum (aka, Firefox 57), is the company's effort to correct its mistakes and it's good to see that Google is back in the default slot. When Mozilla announced the Yahoo deal in 2014, it said that this was a five-year deal. Those five years are obviously not up yet. We asked Mozilla for a bit more information about what happened here.

"We exercised our contractual right to terminate our agreement with Yahoo! based on a number of factors including doing what's best for our brand, our effort to provide quality web search, and the broader content experience for our users. We believe there are opportunities to work with Oath and Verizon outside of search," Mozilla Chief Business and Legal Officer Denelle Dixon said in a statement. "As part of our focus on user experience and performance in Firefox Quantum, Google will also become our new default search provider in the United States, Canada, Hong Kong and Taiwan. With over 60 search providers pre-installed as defaults or secondary options across more than 90 language versions, Firefox has more choice in search providers than any other browser."

Former Yahoo chief executive officer Marissa Mayer apologized today for a pair of massive data breaches at Yahoo and blamed Russian agents on the growing number of incidents involving major U.S. companies. A reader shares a report: "As CEO, these thefts occurred during my tenure, and I want to sincerely apologize to each and every one of our users," she told the Senate Commerce Committee, testifying alongside the interim and former CEOs of Equifax and a senior Verizon Communications executive. "Unfortunately, while all our measures helped Yahoo successfully defend against the barrage of attacks by both private and state-sponsored hackers, Russian agents intruded on our systems and stole our users' data."

Tesla has reported the largest quarterly loss in its history, and said it was cutting production of its Model S and Model X vehicles. Here are the key third-quarter numbers with expectations via Bloomberg: Adjusted loss per share: -$2.92 (-$2.23 expected); Revenue: $2.98 billion ($2.39 billion expected); Free cash flow: -$1.4 billion (-$1.2 billion (expected). Yahoo News reports: The company said it plans to produce 10% fewer units of its Model S and Model X models in the fourth quarter and reallocate resources to the Model 3, its newest. Tesla expects to hit a Model 3 production rate of 5,000 vehicles per week by late Q1 2018. "While we continue to make significant progress each week in fixing Model 3 bottlenecks, the nature of manufacturing challenges during a ramp such as this makes it difficult to predict exactly how long it will take for all bottlenecks to be cleared or when new ones will appear," Tesla said in its statement. Tesla said in October that it produced only 260 vehicles, well below its target of 1,500. CEO Elon Musk said the Model 3 was "deep in production hell."

SoftBank could commit as much as $880 billion to tech investments in the coming years, a gargantuan, unprecedented amount of cash that would amount to a seismic shift in tech-sector finance. From a report: "The Vision Fund was just the first step, 10 trillion yen ($88 billion) is simply not enough," CEO Masayoshi Son said in an interview with The Nikkei Asian Review that was published late Thursday. "We will briskly expand the scale. Vision Funds 2, 3 and 4 will be established every two to three years." Son's comment confirms a Recode report that his Vision Fund -- which is sinking $100 billion into the technology sector worldwide -- was only the first in a series of investments that he plans to make in young companies. "We are creating a mechanism to increase our funding ability from 10 trillion yen to 20 trillion yen to 100 trillion yen," Son told the outlet. That comes out to about $880 billion. Companies that SoftBank either completely owns or has major or minor stakes in include Vodafone Japan, Yahoo! Japan, India's Snapdeal, India's Ola, Sprint Corporation, and India's Flipkart. The company is expected to become a major stake holder in Uber as soon as next week.

A Palo Alto startup that stopped trying to be an "Android killer" last year after raising $185 million has apparently pivoted to developing autonomous vehicle technology. From a report: The company now known as Cyngn has changed its name from Cyanogen and recently got a permit to test its self-driving tech on California roads, according to a report Wednesday on Axios. It's being led by Lior Tal, the former chief operating officer who took over as CEO last fall when Kirt McMaster left. The rest of the startup's current team of about 30 people appear to have joined since the strategy shift, Axios reported, citing LinkedIn records. Some of them are former Facebook people, like Tal, and alumni of automakers who include Mercedes-Benz. No new funding has been disclosed for the reinvented company. It lists on its website investors who backed it before it pivoted, including Andreessen Horowitz, Benchmark Capital, Redpoint Ventures, Index Ventures, Qualcomm and Chinese social networking company Tencent. The company was the center of acquisition talk in 2014, when companies like Microsoft, Amazon, Samsung and Yahoo expressed interest in the company.

An anonymous reader quotes a report from Ars Technica: For fans of the platform, the official confirmation that Windows on phones isn't under active development any longer -- security bugs will be fixed, but new features and new hardware aren't on the cards -- isn't a big surprise. This is merely a sad acknowledgement of what we already knew. Last week, Microsoft also announced that it was getting out of the music business, signaling another small retreat from the consumer space. It's tempting to shrug and dismiss each of these instances, pointing to Microsoft's continued enterprise strength as evidence that the company's position remains strong. And certainly, sticking to the enterprise space is a thing that Microsoft could do. Become the next IBM: a stable, dull, multibillion dollar business. But IBM probably doesn't want to be IBM right now -- it has had five straight years of falling revenue amid declining relevance of its legacy businesses -- and Microsoft probably shouldn't want to be the next IBM, either. Today, Microsoft is facing similar pressures -- Windows, though still critical, isn't as essential to people's lives as it was a decade ago -- and risks a similar fate. Dropping consumer ambitions and retreating to the enterprise is a mistake. Microsoft's failure in smartphones is bad for Windows, and it's bad for Microsoft's position in the enterprise as a whole.

It's the end of an era: as of December 15, AOL's Instant Messenger will no longer exist. From a report: In a statement from Oath, the new entity formed under Verizon combining AOL with the recently-acquired Yahoo, the service will be discontinued. "AIM tapped into new digital technologies and ignited a cultural shift, but the way in which we communicate with each other has profoundly changed," said Michael Albers, VP of Communications Product at Oath. AIM was a staple of personal computers since first launching in 1997, serving as a precursor to popular apps like WhatsApp and Facebook Messenger. However, AIM couldn't make the seamless transition to mobile, where most users rely on instant messaging services. Users will be able to manually download any images or files on AIM before the service shuts down. However, users won't be able to export or save their Buddy List, the group of contacts available on AIM.

An anonymous reader shares a report from The Wall Street Journal (Warning: source may be paywalled; alternative source): A massive data breach at Yahoo in 2013 was far more extensive than previously disclosed, affecting all of its 3 billion user accounts, new parent company Verizon Communications Inc. said on Tuesday. The figure, which Verizon said was based on new information, is three times the 1 billion accounts Yahoo said were affected when it first disclosed the breach in December 2016. The new disclosure, four months after Verizon completed its acquisition of Yahoo, shows that executives are still coming to grips with the extent of the security problem in what was already the largest hacking incident in history by number of users.

A spokesman for Oath, the new name of Verizon's Yahoo unit, said the company determined last week that the break-in was much worse than thought, after it received new information from outside the company. He declined to elaborate on the source of that information. Compromised customer information included usernames, passwords, and in some cases telephone numbers and dates of birth, the spokesman said.

50 years after Australia became the third country to launch a satellite into space, they had another big announcement. An anonymous reader quotes AFP: Australia on Monday committed to creating a national space agency as it looks to cash in on the lucrative and fast-evolving astronautical sector. The announcement came at a week-long Adelaide space conference attended by the world's top scientists and experts including SpaceX chief Elon Musk. It brings Canberra -- which already has significant involvement in national and international space activities -- into line with most other developed nations, which already have dedicated agencies to help coordinate the industry and shape development. "The global space industry is growing rapidly and it's crucial that Australia is part of this growth," acting science minister Michaelia Cash said in statement.
The Australian government estimates that the global space sector now drives $323 billion in revenue each year.