Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Monday, 21 October 2013

How 6 Tech Underdogs Became The Industry's Most Respected Founders
13:53 0 comments

BY TRACEY WALLACE

We're finishing the last chapters of our October #MashReads non-fiction book club pick, Malcolm Gladwell's David and Goliath, and really hoping you are, too.
If you aren't caught up on the premise of David & Goliath, then you should know that Gladwell goes into some serious detail and makes a very compelling argument that many disadvantages in our lives are not really disadvantageous at all. Certainly no one would wish dyslexia or an over-populated school on anyone, but it turns out that, despite common beliefs and stigmas, situations like those can in fact benefit those who lived through them, and managed to persevere, much more than those who didn't have to face them at all.
Originally published on Mashable
That concept certainly rings true in the tech industry, where many of the most well-known entrepreneurs started in schools, neighborhoods, family situations and hospital beds that we all actively try to avoid. Yet, these five founders — plus one CEO — are proof that the situations we most dread can be the best teachers when it comes to letting nothing stand in your way.
1. Joe Fernandez - Founder Of Klout
Image: Ramin Talaie/Bloomberg/Getty Images


Joe Fernandez faced an uncomfortable dilemma that turned out to be his light bulb moment: he had his jaw wired shut for three months to allow it to heal after a surgery. Not necessarily the ideal scenario for conducting business, but it was at this time that Fernandez realized something he had missed before — if you can't talk, social media is absolutely essential for easy communication.
"It was amazing to me that the people I trusted the most, I could tell them anything instantly from my phone [on Facebook or Twitter] and it would have an impact on them. And... what they were saying would have an impact on me," Fernandez told Mashable in an early interview. "I don't know if it was the pain relievers but I got really obsessed with the idea that, for the first time, word of mouth was scaleable and the data was there to measure it."
From there, his idea for Klout, a site that measures your influence on social media, grew, leading him to create a 9-figure startup and eventually pull data for half a billion people on Twitter, Facebook, LinkedIn and other social media sites.
In Fernandez's own words, found on his about.me page: "I am really good at falling on my face but even better at getting up swinging."
2. Alexis Ohanian — Founder Of Reddit
Image: Heather Kennedy/Getty Images for SXSW
Alexis Ohanian was only a month into his Y Combinator summer in which he and co-founder Steve Huffman built Reddit when he received the first of three disheartening phone calls.
First, it was a call from his then girlfriend's mother. Her daughter, who was studying abroad in Germany at the time, had fallen out of a five-story window and was in a coma.
Next, it was a call from his own mother. Max, his family dog, had died after having suffered from Cushing's Syndrome for quite some time.
And finally, it was a call from his father. His mother had been diagnosed with class IV Glioblastoma multiforme — terminal brain cancer.
The story of how Reddit was founded and the long hours, fueled by pizza and beer, that Ohanian and Huffman put into the site are well documented and extraordinary on their own. But it is these words, written on Ohanian's blog in 2010, that really shine light on his unfaltering determination:
"And you'd better believe that when you come home to a mother battling brain cancer and a father spending every waking hour taking care of her and running his own business, you don't complain, you don't cower, and you most certainly don't quit."
3. Larry Ellison — Founder Of Oracle
Image: Justin Sullivan/Getty Images
People will say that Larry Ellison, Silicon Valley's most infamous bad boy, has a big ego — but it is exactly that ego which has gotten him, and Oracle, to where he is today. And, that ego is seemingly impossible to break down, even against bad news, blunders or situations that would mentally exhaust any entrepreneur. Then again, Ellison isn't just any entrepreneur.
At 9-months-old, Ellison's 19-year-old mother gave him to her aunt and uncle to adopt in Chicago's South Side. It would be 12 years until he learned that he was adopted, and 36 more until he would actually meet his birth mother. His has never met his birth father.
He later dropped out of the University of Chicago after his adoptive mother died, never earning a degree, moved to California and bounced around odd jobs for eight years. But, he had learned to code back at school and that won him a contract with the CIA to build a special project code-named "Oracle." He and his co-workers finished that project a year early, leaving them time to build a commercial-facing version.
"I don't think my personality has changed much since I was 5-years-old. The most important aspect of my personality, as far as determining my success goes, has been my questioning conventional wisdom, doubting the experts and questioning authority," Ellison said in an interview with the Academy of Achievement. "While that can be very painful in relationships with your parents and teachers, it's enormously useful in life."
4. Don Charlton — Founder Of Resumator
Image: Flickr, Alphalab
Don Charlton lived in poverty until he was 18-years-old and cites paying for his $75 bus ticket to college as the biggest personal obstacle he has overcome. Despite his poverty, he managed to earn and subsequently save that $75 by painting classrooms from 7 a.m. to 4 p.m. and then working at McDonalds from 7:30 p.m. to close. He worked 80 hours a week at minimum wage in the late 90s to save $150.
Half of that went to his bus ticket.
Over the next decade, he combined his art passion with computer programming, won awards for his interactive designs, developed software and then, in 2009, launched Resumator, the company that hires for the likes of Instagram, Hootsuite, Klout, Bitly and even Mashable.
When asked what inspires him in an interview with Idea Mensch, Charlton said:
"People overcoming obstacles. That is the story of my life. I went to college with $75 and my bus ticket. I did okay. Jay Z grew up in the Marcy housing projects. He’s worth half a billion. I will always root for the kid who comes from nothing and does something before the kid who came from something and is simply following someone else’s Blueprint (Jay Z reference intended)."
5. Steve Jobs — Founder of Apple
Image: Flickr, acaben
It'd be hard to make a list about insanely successful entrepreneurs who faced circumstances that society deems "disadvantageous" without mentioning Steve Jobs.
Jobs was born to a single mother in the 1950s and given up for adoption to Paul and Clara Jobs, under the condition that they would send him to college. However, Jobs was extensively bullied in school, particularly in middle school, where he had advanced a grade and was smaller than most of his classmates. Eventually, he refused to go to school unless his parents sent him elsewhere.
They did, and the rest is history.
Moving the family to Palo Alto meant better schools, despite many financial sacrifices, and though Jobs remained somewhat of a loner, a math teacher nurtured his love of technology and he eventually joined the math club where he met other like-minded students.
And now, that house on 2066 Crist Drive in Los Altos, California, where Jobs built the first Apple computer, may soon be a historical site.
“You can’t connect the dot looking forward; you can only connect them looking backwards,” Jobs said in his Stanford commencement address in 2005. “So you have to trust that the dots will somehow connect in your future. You have to trust in something – your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.”
6. Plus: Ursula Burns - CEO At Xerox
Image: Ramin Talaie/Bloomberg/Getty Images
Ursula Burns might not be the founder of Xerox, but as the CEO who has managed to shake off the company's carbon copy reputation, she certainly is has built a brand new company.
Raised by a single mother living in public housing in Manhattan's Lower East Side, it was Burns' love for math, and her mother's inspiring outlook on life, that got her to where she is now.
"Many people told me I had three strikes against me. I was black. I was a girl. And I was poor," wrote Burns in her LeanIn story. "Mom didn't see it that way. She constantly reminded me 'where I was didn't define who I was.' She knew that education was my way up and out."
Did we miss any of your favorite tech entrepreneurs and CEOs who have overcome the odds? Tell us their story in the comments!









Nokia Lumia Sales Reportedly Hit Record-High Numbers Last Quarter
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In the lead-up to Nokia's big event tomorrow, the Wall Street Journal reports Lumia sales have hit a record high for the fourth consecutive quarter. Citing people familiar with the matter, the WSJ says Nokia sold "at least eight million" Windows Phones between July and September. That's close to triple the 2.9 million sales it managed in the same period last year and also more than the 7.4 million it sold last quarter. Of course, those numbers are very low when compared to big players like Samsung and Apple, but Nokia is at least continuing to prove it — and the Windows Phone platform — has a place in the market.
As reported last month, Nokia is gearing up to announce six devices tomorrow at its Nokia World event in Abu Dhabi. Among the new products will be the company's first tablet, thought to be called the Lumia 2520, and a large-screened phone, thought to be the 6-inch Lumia 1520. The Wall Street Journal doesn't elaborate further on Nokia's plans for tomorrow.
Image : eleconomista
We don't have long to wait before Nokia reveals its fall / winter lineup; Nokia World kicks off in just 24 hours. Nokia will also give us precise figures on Lumia sales — including whether or not things are improving in the US — when it announces its third quarter earnings later this month. We'll be covering both Nokia World and the company's earnings live, so stay tuned for more details.
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Sunday, 20 October 2013

The Secrets : Online Money Laundering
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Money laundering is increasingly becoming a cybercrime. Gone are the days when the bad guys would pop down to the casino and hope to convert their loot into a clean win on the roulette table. And less popular is the old scam of taking out an insurance policy and then redeeming it at a discount.
Originally posted on MIT Technology Review
Instead, modern criminals are focusing on the Internet. And the opportunities for turning dirty money into a spotless shade of green are plentiful.
So today, Jean-Loup Richet, a research associate at the ESSEC Business School just outside Paris, surveys the new techniques that criminals are using in a report written for the United Nations Office on Drugs and Crime. And he reveals just how creative and opportunistic money launderers have become.

Researching these kinds of operations is inherently difficult. As Richet puts it: “Bad guys and their banks don’t share information on criminal pursuits. “
Instead, he has had to cast his net a little wider. Richet’s main sources of information are online hacker forums where anonymous criminals exchange tips on the best ways to launder money and are surprisingly frank about their methods.
In some ways, many of these methods are unsurprising. A common approach until recently was to use the Costa Rican digital currency service called Liberty Reserve. This converted dollars or Euros into a digital currency called Liberty Reserve dollars or Liberty Reserve Euros, which could then be sent and received anonymously — one of the few services to allow this. The receiver can then convert the Liberty Reserve currency back into cash for a small fee.
In May this year, however, U.S. authorities shut down the service and charged its founder and various others with money laundering.
But Richet says the closure of Liberty Reserve is unlikely to end these practices because there are so many alternatives. These include WebMoney, Bitcoins, Paymer, PerfectMoney and so on.
Another increasingly common way to launder money is to use online gaming. In a growing number of online games, it is possible to convert money from the real world into virtual goods services or cash that can later be converted back into the real thing. “Popular games for this type of scam include Second Life and World of Warcraft,” says Richet.
Then there are the money mule scams. Most people will be familiar with the spam in which a high level official from a developing country asks for your help in transferring significant amounts of money and are prepared to pay well for your services. But first, they require your banking details which they promptly use to empty your account and then disappear.
In a growing number of cases, however, the criminals do actually transfer large amounts of money into your account and then ask you to forward it. However, since this involves stolen funds that are being laundered, you are accountable for the crime.
Another scam is to offer people jobs in which they can make a substantial income working from home. However, the "job" involves accepting money transfers into their accounts and then passing these funds on to an account set up by the employer. In other words, money laundering!
And these are just a few highlights from Richet’s comprehensive trawl. Part of his goal with this research is to make people aware of the kinds of scams that go on so they are less likely to fall victim. “As individuals, it is our responsibility to stay informed, and always be aware of the methods these criminals may use to involve us in their laundering schemes,” he concludes.
A worthy goal no doubt, but one that also publicizes the schemes for other criminals to copy. Whether this is a risk worth taking is hard to gauge.


Saturday, 19 October 2013

AT&T To Offer $5-A-Day Wireless Access To Tablet Users
01:04 0 comments

Image: Robert Scoble

AT&T announced a new a-la-carte option for mobile users — a $5 day pass aimed at tablet users who need short-term data access.
The new $5 plan cellular plan includes 250 MB of data access for 24 hours, which is a much better rate than hotels and airports typically charge — though some who don't charge offer unlimited free Wi-Fi.
Originally published on TabTimes 
AT&T is also now offering a $25 plan for up to 1GB of data over a three month period.
“We really think that a Wi-Fi only tablet is good, but it is not good enough,” said AT&T Senior Vice President Chris Penrose, speaking at GigaOm's Mobilize event Thursday. The cost of adding a cellular module to tablets is also going down, Penrose said.
“We’ve seen that price go down substantially over the past several years,” Penrose said. “Ultimately we’d like to see tablet manufacturers build just one tablet," he added in remarks reported by AllThingsD.


By Going Mobile Ads, Google Winning Online Ad War
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Image : Paul Sakuma AP


SAN FRANCISCO – Google is losing the battle against falling ad prices, but still winning the online advertising war.


In its earnings report Thursday, the company revealed the decline of a key pricing metric has once again accelerated, as its cost-per-click fell 8% from a year earlier.

The reason is a surge in mobile ads, which cost less per unit and have lower click rates than those served onto desktop computers.

Google CEO Larry Page said almost 40% of the traffic on the company's YouTube video site now comes from mobile device users, up from just 6% two years ago.

Yet the search giant more than made up for lower prices with higher volume, as its number of paid clicks climbed 26% year-over-year. That was higher than the 21% jump reported by rival Yahoo earlier this week.

The net result was a 19% jump in quarterly revenue (or 12% including its lagging Motorola handset unit) and a 36% surge in net income.

Google's ad numbers suggest that changes the company has made to how it sells advertising have merely slowed -- not stopped -- the downward pricing pressure caused by a surge in mobile ad traffic.

Close Google watchers will remember that the impact of mobile ads on Google's business first revealed itself 15 months ago, during its quarterly earnings report in July 2012.

That's when the company reported its cost-per-click dropped 16% from a year earlier, alarming Wall Street and prompting a short-term drop in its stock price.

In response, Google made changes to how it deals with professional online ad buyers, essentially stripping them of the ability to target ads at either desktop, tablet or smartphone users.

Instead, the company's technology now determines where and when to place text and video ads onto those different platforms, based on where Google thinks is best.

Thanks to the new method, which Google has dubbed "enhanced campaigns," the company earlier this year had slowed the annual rate of decline in its cost-per-click to 4%.

Yet the decline has accelerated during the last two quarters, and for the period ended in September prices were falling at twice that rate.

The reason is mobile.

Google's algorithms can't change the fact that most mobile device users think cheap-looking text ads that pop up on smartphones or tablets are more annoying than enticing.

Annoying ads aren't clicked on as frequently as relevant ones, which is one reason mobile ads are so cheap per unit.

The click-through rate for ads served on Android-powered tablets fell to 2.3% in the third quarter, from 3.2% a year earlier, according to a report released this week my market researcher The Search Agency.

For smartphone users, the rate dropped to 3.1% from 3.9%.

Sheer volume is another reason for the decline. The number of these ads is exploding as more consumers make the switch from desktop computers to mobile devices.

That same report from The Search Agency showed that one-third of the clicks on Google search ads in the U.S. now come from mobile users.

No wonder mobile ad revenue skyrocketed 145% during the first half of this year to $3 billion, compared to the same period in 2012, according to the latest report from the Interactive Advertising Bureau, a trade group.

That's eight times faster growth than the overall online ad market.

Those findings were echoed in the data from The Search Agency, which found that click volume on tablets in the U.S. surged 63% during the third quarter and tablet advertising spending, 68%.

The surge came even though the cost-per-click for all ads displayed on tablets in the U.S. fell 10.4% in the third quarter, compared to a year earlier, as the report said.

Clearly, there's money to be made in mobile ads, and Google – no surprise – is capturing a large chunk of it, even as the average unit price of its search ads continues to fall.







Friday, 18 October 2013

Google Beats Q3 Earnings, Stock Jumps Above $900
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Google beat earnings and revenue estimates for the third quarter, sending the stock soaring back above $900 a share in after hours trading.
The search giant reported earnings of $10.74 per share on revenue of $14.89 billion for the September quarter, beating Wall Street estimates for earnings per share of $10.34 on revenue of $14.8 billion.
“Google had another strong quarter with $14.9 billion in revenue and great product progress,” Larry Page, Google's CEO, said in a statement. “We are closing in on our goal of a beautiful, simple, and intuitive experience regardless of your device.”
The number of paid clicks on Google ads increased by 26% year-over-year and 8% from the previous quarter, but the average price advertisers pay Google per click continues to decline. Google's cost-per-click decreased 8% from the same quarter a year earlier and 4% from the second quarter.
The company's stock has hovered around $900 in the months since its last earnings report. As of publication, the stock had jumped nearly 6% to more than $940 after hours, after having ended the trading day at $888 a share.






Twitter's Most Popular Cashtag Is $AAPL
11:25 0 comments

BY ZOE FOX

Apple's cashtag $AAPL is Twitter's most popular stock. In August 2013, $AAPL was mentioned more than 83,000 times.
Behind $AAPL are Tesla Motors' $TSLA and BlackBerry's $BBRY.
Statista created this chart showing the 10 most popular Twitter cashtags, a feature launched in July 2012, which treats stock symbols like hashtags.


Thursday, 17 October 2013

Zynga Cofounder Leaves The Company
09:34 0 comments

BY SETH FIEGERMAN
Image: Justin Sullivan/Getty
Justin Waldron, one of Zynga's cofounders, announced late Wednesday night that he would be departing the company after more than six years.
In a post on Facebook, Waldron praised the company and its employees, but noted that "it's time to leave Zynga and venture off on my own again." Waldron did not offer any details about where he may go next, though he recently highlighted the fact that he has been investing in startups.

Appeared on Mashable

Several prominent people have left or been pushed out of the gaming company in the past year or so as it struggles to regain its footing in the gaming market, including top execs like Zynga's chief operating officer and chief marketing officer and big names like Paul and David Bettner, who created Words With Friends, and OMGPOP founder Dan Porter.
Even Mark Pincus, the best known of Zynga's founders, stepped down from his role as CEO to make way for Don Mattrick, a former Xbox executive, to take charge of steering the company.

Zynga did not immediately respond to our request for comment on Waldron's departure. The company's stock was down more than 1% in premarket trading following the news.

Twitter Hires Google Advertising Executive Ahead Of IPO
08:58 0 comments

BY SARAH FRIER
Image: Justin Sullivan/Getty Images

Twitter has hired a Google advertising executive to be head of retail, as the company ramps up hiring and works to expand its business ahead of an initial public offering.
Originally published on Bloomberg 
J.J. Hirschle, who directed media and entertainment advertising at Google, will be responsible for the team selling advertising products to retail companies, Will Stickney, a spokesman for Twitter, said Wednesday. He starts Oct. 28.
The hire comes as Twitter builds its advertising business by reaching out to retailers, among others. The San Francisco-based company, which is preparing to go public in the most-anticipated U.S. technology offering since Facebook last year, has disclosed in its S-1 prospectus that it is growing revenue from advertising, even as it remains unprofitable.
Twitter has been hiring quickly to beef up its workforce and expand its business. In a filing this week, the company said it added 300 employees in the third quarter, for a total of 2,300. Twitter has been in talks to lease a 320,000-square-foot office space adjacent to its San Francisco headquarters as it grows, people with knowledge of the discussions have said.
Twitter has poached from Google before. Last year, Twitter hired Shailesh Rao, who had been leading Google’s display-advertising sales in Asia.
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Wednesday, 16 October 2013

Twitter Q3 Earnings: The Good, The Bad And The Ugly
12:37 0 comments

By Seth Fiegerman

Twitter may not be a public company yet, but it effectively reported third quarter earnings on Tuesday — and the results were mixed.
The social network updated its S-1 filing with the SEC ahead of its upcoming IPO with new numbers through the end of the September quarter. The previous S-1, which was first made public on Oct. 3, included numbers through the end of the June quarter.
Originally appeared on Mashable
The latest numbers show strong year-over-year growth in Twitter's revenue and continued success in monetizing on mobile, but the company's losses are growing steadily while its user numbers are not.
The Good
Twitter revealed that it generated $422 million in revenue through the first nine months of the year, or $169 million for the third quarter. That's more than twice the revenue it earned in the same quarter a year earlier and puts Twitter firmly on the path to topping half a billion dollars in revenue for the year.

Perhaps just as important for investors, Twitter now gets more than 70% of its ad revenue from mobile, up from 65% at the end of June. That serves as further validation that Twitter is much better positioned to monetize mobile than Facebook was at the time of its IPO — though Twitter admitted in the previous S-1 filing that advertising revenue per timeline view on mobile still lags behind desktops because the company's promoted products receive "less prominence" on the smaller screens.
Twitter also noted that the amount of ad revenue it generates per timeline view — its preferred metric for showing how it monetizes user engagement — was $0.97, an increase of nearly 50% from the previous year. Likewise, the number of ad engagements on the social network increased by 58% from the previous quarter, continuing a trend of double-digit percentage increases.

The Bad
Twitter's revenue is growing, but so are its losses. The company's net loss for the first nine months of the year was $133.9 million, a whopping 89% increase from the same period a year earlier. Operating expenses also ballooned to nearly $550 million through September, well above the $394 million through all of 2012.
Beyond that, Twitter says that the number of timeline views per monthly active user — its metric for assessing user engagement on the social network — actually declined slightly from the previous quarter, though the reason given is pretty vague.
"We experienced a 1% decline in timeline views per MAU during the three months ended September 30, 2013 from the three months ended June 30, 2013," the company wrote in the updated S-1, "which we believe was primarily driven by certain product changes we made in the three months ended September 30, 2013 to improve the overall user experience."
The Ugly



Twitter's user growth rate is slowing down, both on a quarter-over-quarter basis and a year-over-year basis.
Twitter had about 232 million monthly active users in the third quarter, up from 218 million in the previous quarter and 167 million in the same quarter a year earlier. To put that another way, Twitter's active user numbers grew by just more than 6% from the previous quarter, compared to a quarterly growth rate of more than 10% a year earlier.
Perhaps the one silver lining for user numbers, though, is that Twitter did experience decent growth in the United States. Twitter now has 53 million monthly active users in the U.S., up from 49 million at the end of the previous quarter. That's the largest quarter-over-quarter growth since the fourth quarter of 2012.
Twitter is expected to go public on Nov. 15 and it intends to list on the New York Stock Exchange with the ticker TWTR.
Image: Gerard Julien/Getty


In Tech World, Women Ignored
11:57 0 comments

By Soraya Chemaly

Twitter is on the verge of its initial public offering and everyone's knickers have been in a knot all week over the company's lack of management diversity -- that is, women. As The New York Times put it last week, "The board? All white men. The investors? All men. The executive officers? All men but for the general counsel, Vijaya Gadde, who has had the job for five weeks."
Question: Why is this a problem?
Originally posted on CNN
First, there aren't enough women at Twitter or in the tech world because there aren't enough women anywhere.
Some facts: Women make up 6% of chief executives at the leading 100 tech companies, and that has taken years to accomplish. Most startups have all-male boards. In 2012 women held 16.6% of Fortune 500 board seats. Women of color were 3.3% of the total. Fully one-tenth had no women serving on their boards at all. In the past five years, women and minorities have lost grounddespite evidence strongly suggesting that gender parity and board diversity have positive effects on profitability.
Twitter had more than a year to prepare for this IPO: Where are the women? The company's immediate response focused on a "paucity of candidates." The tech industry has a well-documented pipeline problem, one largely the result of gender stereotypes that reach into the educational system.
However, companies regularly draw executives from outside their own industries -- sometimes, yes, even women -- when seeking senior-level and board positions. It enables them to cross-pollinate ideas, diversify their expertise and innovate. For example, Apple has hired Burberry CEO Angela Ahrendts. During her tenure at Burberry, the company doubled its revenues and tripled its share price. Companies redefine "pipeline" every day -- particularly when profits are involved.
The technology sector dresses itself up as progressive when in reality it shows every indication of being, at its core, powerfully retrograde. Despite investing in diversity programs, the management of tech firms is distinctly not diverse, and indeed the industry continues to "dazzle" with incidents in which men gleefully display their not even implicit biases. Last month's Titshare debacle (click and weep), as well as Business Insider's long-overdue firing of CTO Pax Dickinson (who'd for years been churning out such sexist, racist, tweets as "Jesus gets raped by a pack of n****s. It's his own fault for dressing like a whore though") are two recent examples.
Second, sexism is seamlessly coupled with the distribution of capital.
Bryan Goldberg's September launch of Bustle, a"women's centric" website ("world news and politics alongside beauty tips") was a blunt force case in point. After announcing the site with a tone-deaf post, Goldberg was widely mocked for his personal failure to grasp,among other things, how ridiculous his claim to be starting the "first site of its kind" for women was. The real issue isn't Goldberg's cluelessness, but the institutional biases that enabled him to raise $6.5 million when far more able, knowledgeable and experienced women can't.
Companies with at least one woman founder make up only 13% of those funded. Venture capitalists are less likely to invest in startups if there are women involved in their management; investors actively reduce holdings in companies that appoint female directors. These are particular ironies since women-run startups use 40% less capital to launch. These facts don't reflect women lacking in confidence ideas. They illustrate discrimination, whether it is conscious or not.
Third, while we think of Twitter as a tech company, it is a media company and part of a larger environment that does little to correct its failure at diversity. Year after year, studies such as one last week from the Directors Guild of America, as well as reports from Who Makes the News and the Women's Media Center Status on Women in Media document exactly how distorted mainstream media ownership, management and production remain. Only online is the situation improving. But even there the difference is largely gains in women-oriented "pink-collar" content.
How can we separate these facts from ownership? We can't. As reported by the Federal Communications Commission, our media are almost entirely owned and managed by white men.
Lastly, what does this have to do with speech? Everything. Male experiences, interests, expectations and voices, mainly white, inform the way we think, decide how our resources are dispersed and define our norms. The ghettoized status of women and minorities in media and technology, coupled with the lack of venture capital investments, means that our attempts to express ourselves are limited, misrepresented and regularly repackaged to make what we say palatable to a sexist status quo.
And this status quo is entirely uninterested in the idea of women as capable, autonomous leaders who might change norms in unsettling, risky ways. Stating these facts baldly is not an indictment of white men as individuals. It is a description of systemic problems that we refuse to confront with systemic solutions.
The presence of a carefully selected handful of women in tech, regardless of how determined, able and prominently visible they are, has for decades done little to alter the makeup of management and ownership. Gender diversity at Twitter, as elsewhere, isn't a priority because people make reasonable decisions about what they believe will be profitable and successful: Twitter is looking for experience and expertise within a comfort zone.
"This to me is not a gender issue, it's an innovation issue," Twitter CEO Dick Costolo has explained. Gender issues aren't innovation issues only if your gender is dominant and the norm. This rationale,and others like it, are exactly the kind of "1,000 paper cuts" marginalization that result in fewer women pursuing tech careers to begin with.
Twitter is one part of a male dominated social structure, economy and culture, all of which rely on cradle-to-grave sexism to be profitable. That's tweetable by the way.
What do you say about the renaissance of women? I'm speechless here, comment below about this topic: