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SILICON VALLEY LOST IT’S RIGHT TO EXIST WHEN IT RAPED THE PRIVACY, FREEDOM OF SPEECH, INTERNS AND POLITICAL FREEDOMS OF AMERICA

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SAN FRANCISCO — A group of Silicon Valley technologists who were early employees at Facebook and Google, alarmed over the ill effects of social networks and smartphones, are banding together to challenge the companies they helped build.

The cohort is creating a union of concerned experts called the Center for Humane Technology. Along with the nonprofit media watchdog group Common Sense Media, it also plans an anti-tech addiction lobbying effort and an ad campaign at 55,000 public schools in the United States.

The campaign, titled The Truth About Tech, will be funded with $7 million from Common Sense and capital raised by the Center for Humane Technology. Common Sense also has $50 million in donated media and airtime from partners including Comcast and DirecTV. It will be aimed at educating students, parents and teachers about the dangers of technology, including the depression that can come from heavy use of social media.

We were on the inside,” said Tristan Harris, a former in-house ethicist at Google who is heading the new group. “We know what the companies measure. We know how they talk, and we know how the engineering works."

The effect of technology, especially on younger minds, has become hotly debated in recent months. In January, two big Wall Street investors asked Apple to study the health effects of its products and to make it easier to limit children’s use of iPhones and iPads. Pediatric and mental health experts called on Facebook last week to abandon a messaging service the company had introduced for children as young as 6. Parenting groups have also sounded the alarm about YouTube Kids, a product aimed at children that sometimes features disturbing content.


 

 

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The largest supercomputers in the world are inside of two companies — Google and Facebook — and where are we pointing them?” Mr. Harris said. “We’re pointing them at people’s brains, at children.”

 


 

Silicon Valley executives for years positioned their companies as tight-knit families and rarely spoke publicly against one another. That has changed. Chamath Palihapitiya, a venture capitalist who was an early employee at Facebook, said in November that the social network was “ripping apart the social fabric of how society works.”

The new Center for Humane Technology includes an unprecedented alliance of former employees of some of today’s biggest tech companies. Apart from Mr. Harris, the center includes Sandy Parakilas, a former Facebook operations manager; Lynn Fox, a former Apple and Google communications executive; Dave Morin, a former Facebook executive; Justin Rosenstein, who created Facebook’s Like button and is a co-founder of Asana; Roger McNamee, an early investor in Facebook; and Renée DiResta, a technologist who studies bots.

The group expects its numbers to grow. Its first project to reform the industry will be to introduce a Ledger of Harms — a website aimed at guiding rank-and-file engineers who are concerned about what they are being asked to build. The site will include data on the health effects of different technologies and ways to make products that are healthier.

Jim Steyer, chief executive and founder of Common Sense, said the Truth About Tech campaign was modeled on antismoking drives and focused on children because of their vulnerability. That may sway tech chief executives to change, he said. Already, Apple’s chief executive, Timothy D. Cook, told The Guardian last month that he would not let his nephew on social media, while the Facebook investor Sean Parker also recently said of the social network that “God only knows what it’s doing to our children’s brains.”

Mr. Steyer said, “You see a degree of hypocrisy with all these guys in Silicon Valley.”

The new group also plans to begin lobbying for laws to curtail the power of big tech companies. It will initially focus on two pieces of legislation: a bill being introduced by Senator Edward J. Markey, Democrat of Massachusetts, that would commission research on technology’s impact on children’s health, and a bill in California by State Senator Bob Hertzberg, a Democrat, which would prohibit the use of digital bots without identification.

Mr. McNamee said he had joined the Center for Humane Technology because he was horrified by what he had helped enable as an early Facebook investor.

Facebook appeals to your lizard brain — primarily fear and anger,” he said. “And with smartphones, they’ve got you for every waking moment.”

He said the people who made these products could stop them before they did more harm.

This is an opportunity for me to correct a wrong,” Mr. McNamee said.

You can do your part by boycotting Silicon Valley Companies, their media and, especially their advertisers.

Tell your friends about how awful and manipulative the Silicon Valley companies are.

Do everything you can to bankrupt the Silicon Valley Oligarchs!

 

LOOK IT IS WORKING:

C

 

 

 

GOOGLE – ALPHABET IS GETTING KILLED. KEEP UP THE FOCUS ON BANKRUPTING THEM


 

Alphabet Inc Releases Q4 2017 Results; Traffic Acquisition Costs Increase 33%, Net Income Shows Loss Due To One-Time $10 Billion Tax Charge

 

By Ramish Zafar

 

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Interesting times for Google. After being consolidated into a parent company, Mountain View is struggling to keep up with changing times. Part of this is Google’s fault. Its recent Pixel 2 launches resulted in aggressive spending – a fact that shows on the company’s latest earnings results. TAC (Traffic Acquisition Costs) also increased over the year, but not at levels to create significant investor concern. Net Income for the year 2017 also falls by 35% YoY. Take a look below for the details.

Alphabet (NASDAQ:GOOGL 1,119.20 -5.28%): TAC Increases By 33% YoY, Net Income Takes A Hit Due Tax Bill, Optimistic Growth In YouTube, Digital Advertisement Expected

It’s a changing world and Alphabet is right at the front. Smartphone usage trumps PCs for access to the internet and this provides the company with new opportunities and problems. The switch to internet makes Google more dependent on manufacturers, such as Apple, for its Advertising revenues. Advertising revenues account for 86% of Alphabet’s total revenues, so this is a factor for the bears.

The amount Google pays to its partners to ensure that it’s the default search option on browsers such as Safari or Firefox increased this quarter, reflecting the changing environment. TAC went up to $6.45 Billion, up by 33% from Q4 2016. However, once we analyze the company’s yearly and quarterly data for the past five years, these aren’t significant enough to cause serious concern. The chunk of this increase comes from the shift to mobile –  as Google is forced to pay more to companies for its search engine. Alphabet’s CFO expects these to increase in the future as well. According to her, they represent Google seizing the growing smartphone search market early.

Users clicking on Google’s ads from its sites that include Youtube and Search increased by 48% YoY, from Q4 in 2016. Digital advertisement spending in the future will use Google’s services, offsetting any concerns due to increased TAC. YouTube use by younger generations is increasing, with many choosing the platform over standard televisions. TAC for both mobile search and programmatic ads is higher, and since Google used more of these platforms this year, the corresponding value for total TAC increased.

 

Alphabet (NASDAQ:GOOGL 1,119.20 -5.28%): Executives Break Down Cloud Revenue For The First Time, Hardware Moves First In ‘Other’ Segment, Followed By Cloud And Google Play

Another strong indicator for Alphabet heading into 2018 is its Cloud business. It’s the future for Google, as it hopes to land a strong foothold in AI as well. Google Cloud finally reached meaningful scale this year, generating $1 Billion in sales this quarter. Google also deepened its collaboration with Cisco, SalesForce and SAP. While this is an impressive achievement for Google, other players in the cloud space are far ahead of Mountain View. Amazon reported a $5.1 Billion revenue for its Web Services in Q4. Microsoft’s intelligent cloud unit, the parent group of Redmond’s cloud division, reported $7.2 Billion in revenue.

Moving forward from Google’s advertisement revenues, the company’s ‘Google Other’ also changed in composition this quarter. Alphabet’s Made by Google hardware division made impressive progress this quarter. Device shipments doubled YoY, indicating Google’s strong success by integrating hardware and AI. The Pixel 2 smartphones feature both the Google Assistant and AI backed photography. This is proving very fruitful, as more than 3 Billion photos were uploaded on Google Photos on New Year’s eve, according to Sundar Pichai.

However, Alphabet is far from top when we talk about smartphones. While the Pixels exhibit strong performance, Google is still struggling to achieve hardware parity, particularly with Apple. As the smartphone industry acclimatizes to facial recognition and virtual fingerprint sensors, Google needs to speed up capital expenditure to ensure relevance. Artificial Intelligence is a top priority for the company, heading forward.

 

It’s AI which will propel the company forward – and give its Cloud users a strong advantage. AutoML is at the forefront of Alphabet’s efforts with it. AutoML allows small business to take advantage of Google’s techniques such as learning2learn, to build their custom models. Fourth quarter US sales for Google’s Chromebooks grew by 70% YoY.

 

 

 

 

Alphabet (NASDAQ:GOOGL 1,119.20 -5.28%) Highlights For Q4 2017:

  • Google Cloud Starts to Earn $1 Billion Revenue Per Quarter: A big win for Google this quarter is its Cloud service finally delivering results. Mountain View estimates that the group’s $1 Billion revenue per quarter makes it the fastest growing cloud platform in the world. Of course, there is a lot of competition in the market, especially with Amazon and Microsoft – both with strong footholds.

  • AutoML Makes Strong Gains Post Launch: Google launched Cloud AutoML on January 17th,  two weeks before its Q4 earnings call. Since then, the company reports that more than 10,000 customers have signed up for the service for trial purposes. All it needs is to deliver on a handful of these and we’ll have Google as a major player taking on Amazon in no time. According to a report by Synergy Research, Microsoft’s market share grew at 3%, with Google growing at 1%.

  • Alphabet Launches the Google Pixel 2 And Pixel 2 XL Under ‘Made by Google’: Google upgrades its 2016 Pixel lineup of smartphones, with the Pixel 2 and Pixel 2 XL. They feature the Snapdragon 835, 4GB RAM and 64/128GB internal storage. The smartphones have the honor being rated by DxOmark for the best camera performance. Even though neither of them has a dual camera setup, Google’s intelligent software gives smartphones with this setup a good run for their money. The Pixel 2 pair use Google’s Convolutional Neural Network (CNN) to map out pixels in the foreground (object of the picture) and the background. The CNN’s results are then combined and refined using Dual Pixel Auto Focus. All this results in images with a shallow depth of field, typically produced by Single Lens Reflex (SLR) camera. The great thing about CNN and its images is that this allows Google to achieve results comparable with dual camera setups – making it one of the company’s strongest competitive advantage in the market.

  • Alphabet generated $32 billion revenue in its Q4 for Fiscal Year 2017, marking a 24% increase over Q4 2016. Annual revenues for the group are $110.9 billion, up 23% over last year. For the quarter, Alphabet’s US revenues are $15.4 billion. In Europe Middle-East and Africa (EMEA), revenues generated are $10.3 billion. For Asia-Pacific (APAC) revenues are $4.7 billion. Alphabet grew its revenues across all the territories, 21% for US, 24% for EMEA and 30% for APAC. Total cost of revenues was $14.3 billion, up 34% YoY. Operating expenses are $10.4 billion, growing by 19% YoY. Operating Income is $7.7 billion, growing by 15%.

  • Alphabet reported a Net Loss of $3 billion as a direct result of the U.S. Tax Cuts and Jobs Act, 2017. This resulted in an effective tax rate of 138%, amounting to $10 billion in Provision for Income Taxes. Excluding this impact, Alphabet’s Net Profit is $6.8 billion. For Q4, Google Sites revenues are $22.2 billion, up by 24% YoY. This segment is led by YouTube and desktop search. For its second wave of growth, Google plans to expand on advertisement across desktop, hardware and YouTube. Network revenues stand at $5 billion growing by 13%. Other revenues are $4.5 billion, growing by 38% YoY.

  • Alphabet’s $9.9 billion of one time transition tax allows it to bring back earnings stored abroad to the US. Estimates put the company’s foreign cash holdings at around $64 billion. The one time tax exemption allows US firms to bring back money stored abroad back at decreased tax charges. Alphabet also announced a $8.6 billion buyback of Class C shares, which will be spread throughout the year. Subsequently, the company will invest its repatriated earnings in CapEx for Made By Google, AutoML and other areas, according to our estimates.

Alphabet (NASDAQ:GOOGL 1,119.20 -5.28%) Brief Snapshot Of Q4 2017 Results:

 

 102550100 entries

 

Alphabet Inc.

Revenue

Net Income

TAC

TAC/AR

2013

55519

12214

12258

24%

2014

66001

14136

13497

39%

2015

74989

16348

14343

38%

2016

90272

19478

16973

39%

2017

110855

12662

N/A

N/A

         

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Alphabet Inc.

Gross Profit Margin

Operating Profit Margin

Net Profit Margin

2013

53%

25%

22%

2014

62%

25%

21%

2015

62%

26%

22%

2016

61%

26%

22%

2017

59%

24%

11%

       

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Alphabet Inc.

Revenue

Net Income

TAC

TAC/AR

 

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