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Twitter Blocks Intelligence Agencies
May 17, 2016 by admin
Filed under Around The Net
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Twitter has prohibited a data-mining firm from providing analytics of real-time tweets to U.S. intelligence agencies, according to a Wall Street Journal report, quoting a person familiar with the matter.
Twitter, which provides Dataminr with real-time access to public tweets, seems to be trying to distance itself from appearing to aid government surveillance, a controversial issue after former National Security Agency contractor Edward Snowden revealed that the government was collecting information on users through Internet and telecommunications companies.
Executives of Dataminr told intelligence agencies recently that Twitter, which holds around 5 percent of the equity in the startup and provides the data feed, did not want the company to continue providing the service to the agencies.
Twitter’s move appears to be in line with its policy on the use of its tweet data by external companies.
“Dataminr uses public Tweets to sell breaking news alerts to companies such as Wall Street Journal parent Dow Jones and government agencies such as the World Health Organization, for non-surveillance purposes,” Twitter said in a statement Sunday. “We have never authorized Dataminr or any third party to sell data to a government or intelligence agency for surveillance purposes.”
U.S. intelligence agencies gained access to Dataminr’s service after In-Q-Tel, aventure capital organization backed by U.S. intelligence agencies, put money in the firm, the WSJ said, quoting a person familiar with the matter. Twitter is said to have conveyed to Dataminr that it didn’t want to continue the relationship with intelligence agencies at the end of a pilot by the data analysis firm arranged by In-Q-Tel. Dataminr does not figure in the list of In-Q-Tel portfolio companies on its website.
Source-http://www.thegurureview.net/uncategorized/twitter-blocks-intelligence-agencies-access-to-tweet-analytics.html
Sprint Confirms Jobs To Be Cut
November 17, 2015 by admin
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Sprint Chairman and SoftBank CEO Masayoshi Son has confirmed that job cuts at Sprint will be “in the thousands” as part of a restructuring plan.
His comments came as SoftBank, which owns more than 70% of Sprint, reported its quarterly earnings.
“Sprint is now in the position to increase the pace of user acquisition while cutting costs,” Son said, according to Bloomberg and other news sources. “We will also cut staff. The cuts will be in the thousands.”
Son’s comments are not out of line with things Sprint CEO Marcelo Claure has been telling Sprint workers for months.
On Tuesday, Sprint’s stock price sagged downward after an earnings report included a statement saying that the carrier plans to cut $2 billion or more in operating expenses for its 2016 fiscal year, which begins in April.
Son also said the $2 billion is a “minimum target” and should be the amount slashed annually, according to a report by The Wall Street Journal. The company now has more than $25 billion in annual costs.
Sprint has been investing in attracting new customers — an effort that has been costly but effective. On Tuesday, Sprint reported it gained 237,000 postpaid phone customers in its second fiscal quarter, which ended Sept. 30. It was the first time the company had showed gains on that measure in two years. It also reported its lowest customer cancellation rate in company history.
In November 2014, Sprint had said it would cut 2,000 jobs as part of $1.5 billion in cost reductions. That announcement came after Sprint had cut 5,000 jobs from January through September 2014. The company had 31,000 workers at the start of its current fiscal year on April 1.
Source- http://www.thegurureview.net/mobile-category/sprint-confirms-thousands-of-jobs-to-be-cut.html