Disney is reportedly considering a bid for Twitter
CNBC reported late last week that Google and Salesforce were interesting in buying Twitter. TechCrunch followed that up with its own report that the list of potential buyers included Microsoft and Verizon. The latest company to be mentioned as a potential suitor is Disney. Bloomberg reports that the company is working with financial advisers on a possible bid for the social network.
Details are scarce for now, but Bloomberg says Twitter has started the process of evaluating bids. The move would make a lot of sense for both sides if Disney were to acquire Twitter. Disney’s entertainment portfolio includes Walt Disney Studios, Marvel, Lucasfilm, Pixar and more. It also owns ABC and a majority stake in ESPN with investments in A+E Networks, Vice Media and Hulu. Disney made a $1 billion investment in BAMTech this summer, the arm of Major League Baseball’s Advancement Media division that powers streaming tech for the likes of HBO Now.
Disney followed up that news by clarifying that it was working on a “direct-to-consumer” option for ESPN that wouldn’t require cable. As much as Twitter has been pushing video streaming as of late, the combination of the social network and the media company could make quite the pair. In fact, Twitter is already using BAMTech to power its weekly NFL streams. What’s more, Twitter’s CEO Jack Dorsey is also on the board of Disney.
Source: Bloomberg
Google is reportedly interested in buying Twitter
In recent months, Twitter has come in for all sorts of criticism over how it runs the company. With growth flat, profits continuing to fall and negative reactions from users over how it’s combating harassment on the platform, some have called for a bigger company to step in and help make those troubles go away. According to CNBC, that could well happen, after sources close to the company said that Google, Salesforce and other technology companies are “engaged in conversations” with the social media giant over a possible sale.
The news has investors excited; at the time of writing, Twitter’s share price has rocketed 20 percent and is climbing steadily. CBNC says that the company has “received expressions of interest” from numerous parties but has not yet received a formal bid — although one could come shortly.
Google, which has tried and failed numerous times to innovate in the social media space, has the resources to buy the company but also to accommodate Twitter’s global team. Salesforce, known for its CRM tools and cloud computing expertise, is also extremely cash rich and could add Twitter to its diverse line-up of social and cloud enterprise services. (Update: TechCrunch also reports that Engadget’s parent company Verizon, as well as Microsoft, are also in the running).
Sources have indicated that suitors may be more interested in Twitter’s data than its position as a media source, which admittedly doesn’t sound great for users. But then again, what social network isn’t monetizing its users nowadays?
Source: CNBC
Steam’s latest weekend sale slashes VR game prices
Steam tossed some VR experiences into last month’s summer sale, but this time, it’s throwing a party exclusively for virtual reality enthusiasts. The gaming platform has just announced a VR weekend sale, where it’s selling 175 titles for up to 80 percent off. Sure, the selection isn’t as extensive, but don’t forget that we’ve only just begun exploring the world of virtual reality. The games and experiences in the list will work with the the Oculus Rift and the HTC Vive, which, if you’ll recall, was a collaboration between the Taiwanese company and Steam’s creator Valve.
You’ll find a diverse offering when you browse the event page, from first person horror games to space simulators. Steam bundled some of the best its library can offer as a single package, though, so you can grab them all in one go. The VR Weekend Sale is already live, so you can head over to the platform and see what’s available until Monday, August 1st, 10AM Pacific/1PM Eastern.
Source: Steam
Lithium-ion pioneer Sony is selling its battery arm
Sony is planning to sell its battery division to Murata, a Japanese firm that makes a diverse variety of products like wireless components and robots. Sony started the battery business in 1975 and was the first company to commercialize lithium-ion batteries back in 1991. The electronics giant has been selling off core businesses and assets in an effort to return to profitability — it recently unloaded its VAIO PC division, New York and Tokyo Headquarters, and Sony Online Entertainment game division. It also split off its sensor and TV businesses into separate companies.
Murata will likely acquire the Sony Energy Devices Corporation subsidiary and manufacturing plants in China and Singapore, excluding alkaline batteries and USB chargers. It then intends to “position the global battery business as a core operation within its energy business.” The battery arm is part of Sony’s profitable sensor division, but was a drag on earnings in 2015 to the tune of $270 million.
Sony started the battery business in 1975 and was the first company to commercialize lithium-ion batteries back in 1991.
Sony says that while it focused on improving the profitability of lithium-ion smartphone batteries, it adds that the “competitive environment is significantly changing.” In fact, Samsung claims it is the current leader in small lithium-ion batteries, and has been since 2010. Other players like LG Chem and Panasonic also outsell Sony.
The agreement is non-binding pending “due diligence and negotiation of detailed terms and conditions of the transfer,” Sony says. Executives from both companies are aiming for an agreement by mid-October 2016, with the transfer complete by March 2017.
Source: Sony
SoundCloud reportedly wants to find a buyer
SoundCloud’s paid Go music service is a hot mess between its clunky interface and poor selection, and that may be leading the company to consider some more drastic ways of making money. Bloomberg tipsters claim that SoundCloud’s owners are “exploring strategic options,” including a possible sale at a valuation of $1 billion. The discussions are reportedly still young and might not lead anywhere, but the very possibility that it’s on the table is notable — the company may not be confident that it can profit from its legions of listeners.
The company hasn’t commented so far. Having said this, SoundCloud may face an uphill battle even if it does decide that a sale is the best solution. It’s reportedly having trouble finding buyers that believe it’s worth $1 billion, and even Twitter’s $70 million investment only valued SoundCloud at $700 million. It may have to either be patient or accept that its current offerings don’t command a premium.
Source: Bloomberg
Verizon is reportedly close to buying Yahoo for $5 billion
Remember when Verizon bought out AOL (Engadget’s parent brand) last year? Then get ready for deja vu: the communications giant is reportedly in closing talks to purchase Yahoo later this year. Sources familiar with the deal have told Bloomberg and ReCode that Verizon is offering almost $5 billion to take over Yahoo’s core business and real estate holdings. The deal still isn’t finalized, but sources say it’s close. That’s good news for Tim Armstrong, who’s been hoping to use the buyout to expand the AOL userbase from 700 million to almost two billion.
For Yahoo, the selling processes is the end of a long journey. When Marissa Mayer took over as CEO in 2012, the company’s core services were struggling to maintain relevancy. Mayer restructured the firm to focus on mobile development, cut fat and eventually performed a “reverse spin-off” to save on taxes, moving all of its business except Alibaba into a new company. Despite this, the company still wound up pitching a sale to bidders earlier this year. It looks like they may finally have a buyer.
Even so, don’t place any bets just yet: negotiations are still ongoing, and the presumptive sale could still fall apart. Even if it does, one thing is clear — Yahoo’s days as an independent company seem to be numbered.
Via: ReCode
Source: Bloomberg
Facebook and the folly of self-regulation
There’s a whole bunch of content that you aren’t allowed to post on Facebook. Threats against public figures and other users, claims of imminent self-harm, harassment and bullying (in theory at least) and the purchase, sale or trade of regulated goods like drugs and weapons. What’s more, Facebook made a subtle change to its Community Standards back in January, effectively banning the peer-to-peer sale of firearm, ammo and explosives. Firearm shops and online retailers are still allowed to promote offline sales on Facebook — assuming all applicable laws and regulations are met — but private citizens can no longer offer their own weapons on the site. Now, while this is a commendable policy shift on FB’s part, the site’s enforcement of the new rules has been checkered at best.
See, Facebook doesn’t actively police its site for offending content. There’s no team of staffers or automated algorithm scouring for infractions. Instead, Facebook relies entirely on the user community to report banned content. Once a post, image or group is flagged by other users, a Facebook team will review the content and take the appropriate action either removing the content, temporarily suspending the user’s ability to post, shutting down the group wholesale or any combination of the three. In all, Facebook receives roughly one million reports each day, according to Forbes, though there’s no word on how many of those are gun-related.
“Facebook relies on the community of 1.6 billion people on Facebook to report anything – posts, photos, videos – that violate our terms, including our policies on firearms,” a Facebook rep told me during a recent phone call. “Given the volume of content shared each day, we believe this is an efficient way to identify content for review. Closed and secret groups are subject to the same policies, and we receive reports for content in these groups as well.” Of course, content within closed and secret groups are only visible to their existing members — not the larger FB community — so they’re basically expected to regulate themselves.
This method of enforcement does not sit well with a number of Facebook users — especially Mike Monteiro, Design Director at Mule Design. For the past few weeks Monteiro has advocated that users seek out and report groups and users that continue to flaunt the Community Standards and engage in peer-to-peer firearm sales. “We’re not trying to get anybody to change their stance on anything,” Monteiro told me. “We’re trying to get Facebook to do what they said they were going to do.”
.@monteiro 76 gun groups pulled from FB today, total of 449. pic.twitter.com/ol7HZoUTmy
— John Sibley (@jbsibley) June 27, 2016
To date, he estimates that more than 1000 groups have been shut down for gun sale violations — in no small part due to the efforts of John Sibley. “I have no idea how he’s doing this and I never met him before this,” Monteiro said. “The amount of pages that he’s managed to get shut down is amazing.”
Not everybody is happy with Monteiro’s efforts, mind you. “I’ve got an inbox full of death threats,” he said. “None of it surprised me, I’m not going to lose any sleep over it. Most of these guys — and it’s always guys — are coming in with their ‘Good Guy with a gun’ arguments and immediately issuing death threats.”
Of greater concern to Monteiro are the actions of Facebook’s director of engineering, Chuck Rossi. As a recent Forbes article illustrates, Rossi has used his position and influence within the company to actively undermine the new gun sale rules and help to get a number of banned gun sale groups reinstated.
“I am 100 percent laser focused on getting your groups back to you so you have a chance to get them to comply with the new policy. It is my sole freaking purpose in life until it is done. I’m dumping extra work on my managers and my teams to cover for me while I take on this new role,” Rossi wrote in a February post to Admin Contact, a private assembly of FB administrators working on behalf gun-themed groups. “I know this new policy sucks. I personally don’t agree with it and everyone in Facebook is pissed about how it was rolled out.”
Rossi has reportedly managed to reinstate as many as 80 percent of gun-related pages removed in the past three months, an Admin Contact administrator told Forbes. “I’m not sure how somebody gets to keep their job” when they go against their employers publicly-stated policies, Monteiro said. “He’s not just disagreeing with it, he’s saying ‘I’m going to make sure the policy doesn’t work.’”
Whether this method of community-based policing will actually be effective in the long term remains to be seen. It could well become a game of Whack-A-Mole with pages and groups being shut down for violating the Community Standards only to immediately resurrect themselves and continue on as if nothing happened. Either way, the battle over guns on Facebook — like the larger issue of gun control in America — doesn’t look like it will be settled anytime soon.



