India’s 150 million users were forced to stop using the Chinese-owned app in 2020. But an internal tool reviewed by Forbes showed that ByteDance and TikTok employees can still mine some of their most sensitive data. One employee called it “NSA-To-Go.” By Alexandra S. Levine , Forbes Staff A lmost three years after TikTok’s largest market, India, banned the Chinese-owned social media app over geopolitical tensions, troves of personal data of Indian citizens who once used TikTok remain widely accessible to employees at the company and its Beijing-based parent, ByteDance, Forbes has learned. The revelation comes as President Joe Biden’s administration threatens to ban the platform used by more than 100 million Americans if TikTok’s Chinese owner does not sell its stake. Officials in the highest levels of the U.S. government see a blanket TikTok ban as a possible solution to the country’s national security concerns about the potential for China to surveil or … [Read more...] about India Banned TikTok In 2020. TikTok Still Has Access To Years Of Indians’ Data
Which shares are good to buy in india
Olivares-led Ovialand sets land buying spree with P2.2-B IPO
MANILA, Philippines -The Olivares family-led housing developer Ovialand Inc. filed a P2.2-billion initial public offering (IPO) plan on Thursday to boost its pioneering premium affordable homes business and grow its land bank by nearly five times to over 200 hectares in five years. The builder, which is also partly owned by mass housing veteran Januario Jesus Gregorio Atencio III, is selling up to 396 million shares in June at a maximum offer price of P5.60 per share, its prospectus dated March 17, 2023 showed. SB Capital was tapped as sole underwriter for the offer. “Our public listing marks a new chapter in our history, as this is a launchpad for us to achieve greater milestones in providing the premier family living experience to our customers,” Ovialand CEO Marie Leonore Fatima “Pammy” Olivares-Vital said in a separate statement on Thursday. Ovialand gave approximate dates of the IPO in its prospectus. It said pricing of the shares would happen around June 12 this year … [Read more...] about Olivares-led Ovialand sets land buying spree with P2.2-B IPO
Should You Buy FedEx Stock After Q3 Earnings Beat?
Share to Twitter Share to Linkedin FedEx stock (NYSE: FDX) is up 13% in a week, compared to a 3% rise for the broader S&P500 index. After its recent surge, FDX stock looks appropriately priced, in our view. Due to a decline in delivery volumes, FedEx FDX and other logistics companies have had a tough year. The big e-commerce surge seen through the lockdown phase of the Covid-19 pandemic has now cooled off. Furthermore, the weakening U.S. economy and high inflation further add to the woes. Our analysis of FedEx’s Revenue details how the company’s revenues are trending. Last week, the company reported its Q3 fiscal 2023 results (the fiscal year ends in May), with revenue of $22.2 billion, down 6% y-o-y, and falling below our estimate of $22.8 billion, primarily due to softening volume. Average daily package volume was down 11% during the quarter. However, yields continued to improve, with composite package yield rising by 3%. The company’s … [Read more...] about Should You Buy FedEx Stock After Q3 Earnings Beat?
Megawide to start P1.5-B preferred share offering on March 28
MANILA, Philippines – Tycoon Edgar Saavedra’s Megawide Construction Corp. is rolling out a P1.5 -billion preferred share sale next week after pricing the initial dividend rate at 7.09 percent. In a stock exchange notice, the construction and engineering group said the offer period will run from March 28 to April 4 this year. The shares will be listed on April 17. Megawide is selling up to 15 million preferred shares at P100 per share. It tapped RCBC Capital Corp. as sole issue manager, lead underwriter and book runner for the offer. The company earlier said the offer proceeds would be used to fully redeem its series 2A preferred shares that were issued in 2020, according to the deal prospectus dated Jan. 5, 2023. These were being redeemed before the dividend rate increases due to a step-up feature that kicks in on May 27 this year. The company retains the option to redeem the series 5 shares in 2026 or three years from the listing date, an earlier prospectus showed. … [Read more...] about Megawide to start P1.5-B preferred share offering on March 28
Is Mercedes-Benz Stock Good Value At $76 Per Share?
Share to Twitter Share to Linkedin Mercedes-Benz stock (OTCMKTS: MBGAF) has had a relatively strong year so far, with its stock up by almost 10%, outperforming the S&P 500. Mercedes posted a relatively strong set of Q4 2022 results, with revenue rising by about 16% year-over-year to about Euro 41 billion ($44 billion). Overall wholesale deliveries expanded by 7% versus last year as supply chain and semiconductor supply-related issues continued to ease. Net profits from continuing operations also rose 66% to about Euro 3.72 per share ($4.01), driven by higher volumes and an expanding mix of top-end vehicles, which saw unit sales rise 14%. However, despite the relatively strong numbers over the last quarter, we remain neutral on Mercedes stock, with a price estimate of about $78 per share, which is roughly in line with the current market price. Now, although Mercedes stock trades at a relatively reasonable valuation of under 7x projected 2023 earnings, … [Read more...] about Is Mercedes-Benz Stock Good Value At $76 Per Share?
Here’s What Happened When This Massive Country Banned TikTok
Share to Twitter Share to Linkedin Topline India banned TikTok in June 2020 citing national security concerns after a military clash with China, opening the door for Instagram to dominate and some TikTok duplicates to suddenly emerge as major players in the vacated market. Key Facts Shortly after India banned TikTok, Instagram saw a surge of downloads, propelling it to become the country’s most popular social media app by 2021, up from No. 6 in 2019, and to surpass TikTok in global downloads by the fourth quarter of 2021. Key to Instagram’s success in India was Reels, its algorithm-based, endlessly scrolling vertical video feed that closely resembles TikTok’s For You Page and other TikTok copycats like YouTube Shorts and Snapchat Spotlight. Both Instagram and YouTube bet on Shorts and Reels as potential TikTok alternatives: They tested these features in India after the country banned TikTok before launching them worldwide. … [Read more...] about Here’s What Happened When This Massive Country Banned TikTok
Housing Market: Mortgage Rates Sink To 5-Week Low Amid Bank Havoc
Share to Twitter Share to Linkedin Topline Mortgage rates tumbled last week to their lowest level in over a month, according to data released Wednesday morning by the Mortgage Bankers Association, as waning confidence in the U.S. banking system provides a reprieve to home buyers. Key Facts The average 30-year fixed mortgage rate slipped from 6.71% to 6.48% last week, falling to its lowest level since mid-February and its largest percentage decline since November. Mortgage applications rose 3% last week, according to the survey, as buyers take advantage of rapidly declining home prices. That followed a wild stretch for the banking sector – headlined by the failures of Silicon Valley Bank and Signature Bank, the nation’s second and third-biggest such failures ever – causing investors to pack into safer assets such as government bonds. Yields for 10-year U.S. Treasury notes sank 70 basis points to 3.4% in the two-week period … [Read more...] about Housing Market: Mortgage Rates Sink To 5-Week Low Amid Bank Havoc
New Exhibit Showcases How Artist Colleen Doran Illuminates The Work Of Neil Gaiman
Share to Twitter Share to Linkedin Best-selling fantasy author Neil Gaiman ( Sandman, Good Omens, American Gods ) famously got his start in the medium of comics, where collaboration between writer and artist is necessary to create the final story. Over the years, he has worked with a range of talented visual partners, from Sandman co-creator Sam Keith to Japanese fine artist Yoshitaka Amano. Now a new show at New York’s Society of Illustrators explores Gaiman’s decades-long association with artist Colleen Doran , and how the two storytellers bring out the best in one another. The show is part of the MoCCA Arts Fest , an art and comics expo taking place in New York April 1-2. “What makes their collaboration so interesting is how Colleen does so many different things depending on the tone and direction of the story,” said curator Kim Munson. “There are so many visual references and touchpoints, and so much range to her style.” Doran started her … [Read more...] about New Exhibit Showcases How Artist Colleen Doran Illuminates The Work Of Neil Gaiman
Web3 Rebels Vs. Tech. Oligopolies
Share to Twitter Share to Linkedin People often ask me, “what is Web3?” My short answer, which I elaborate on in my ‘What The Zuck’ article and keynotes , is always—you are! Why? Because the promise of Web3 flips the ownership model and gives the money and the power back to you. Social media has deteriorated in many countries—especially for women—and the tech. and media oligopolists love it. These media landlords like TikTok, Facebook, Instagram, Google, Twitter, Apple, et al. have taken control of everything we do, say, share, post and buy online—and they are not very excited about the changes Web3 can usher in to their market. Want proof? While Tik Tok’s CEO, Shou Chew, was grilled by U.S. lawmakers in Washington today—last week at SXSW, his former product head admitted this about creators: “Platforms don’t really care if you are successful…because their metrics are 100 percent focused on retention, publish rates, active days. Monetization of … [Read more...] about Web3 Rebels Vs. Tech. Oligopolies
TikTok Ban Isn’t About Targeting Youth Culture – But It Kinda Is
Share to Twitter Share to Linkedin TikTok is widely popular among the younger generation around the world, and the large majority of TikTok users are between the ages of 18 and 34. There is also little denying that older folks likely simply don't get it. For those reasons, TikTok could be seen as just the latest youth/pop culture fad that is being targeted unfairly. History Lesson In 1921, legislators in 37 states introduced almost one hundred film censorship bills aimed to address the threat from motion pictures, which lawmakers and various religious and civic groups warned was introducing morally questionable content on the masses. In the 1950s, German-American psychiatrist and author Fredric Wertham published his book Seduction of the Innocent , which asserted that comic books caused youth to become delinquents. Tipper Gore, the wife of then-Senator Al Gore (D-Tenn.), co-founded the Parents Music Resource Center (PMRC) in the 1980s with the stated … [Read more...] about TikTok Ban Isn’t About Targeting Youth Culture – But It Kinda Is