Polls Suggest Facebook’s Loyalty Remains Intact
According to a recent survey, most Facebook users in the US are loyal to their favorite social network despite recent data sharing scandal. Facebook shared the data of approximately 86 million users with the UK based company, Cambridge Analytica. Facebook was accused of using personal data to impact the outcome of the US 2016 presidential election. However, there is no evident loss or gain for Facebook due to privacy issues. One-quarter of Facebook users said that they are using Facebook less or that they have left, however, another quarter of users are saying that they are using the network more than ever. The remaining one-half claim that the use of the network did not change at all. The survey was limited only to US users. They questioned 2,194 adults who live in the US.
When users were asked if they are aware of the current privacy settings, 74% of them said that they are aware and 78% of users said that they know how to change their privacy settings on Facebook. This percentage is higher compared to the percentage of users who are familiar with Twitter and Instagram privacy settings.
The profit is also higher than ever, Facebook profits reached $4.9 billion which is significantly higher compared to last year’s profit of $3 billion.
Facebook released a statement saying they will continue to investigate the company’s use of personal data.
Elon Musk Hates Boring Questions
Elon Musk’s company, Tesla had a quarterly loss of almost $710 million for the first three months of 2018, which is more than double for the same period last year. During a series of probing financial questions posed by financial analysts, Elon Musk said:
“Boring bonehead questions are not cool. Next.” Elon Musk added: “We’re going to go to YouTube. Sorry, these questions are so dry. They’re killing me.”
Mr. Musk took questions from journalist and YouTube vlogger, Galileo Russell. Furthermore, he encouraged Mr. Russell to keep asking questions, because they focused more on innovation and technology, rather than business and financial matters.
Mr. Russell has a YouTube channel called HyperChange TV, which is focused on the financial side of technology.
Efraim Levy, an analyst, described Elon Musk’s behavior on the recent call as “erratic” and “impolite.” He said:
“The people I speak to, like shareholders… the ones that already hold it are usually willing to make the bet that he will deliver. And there’s an acknowledgment of either it can be a big winner or a big loser. It probably won’t just stay in the middle.”
Tesla is struggling to produce enough cars. For example, in the last week of April, Tesla made only 2,271 cars, but they need to increase their production to 5,000 cars a week in order to be profitable by the end of the year. Tesla told investors that they are experiencing manufacturing problems by adding too much automation too quickly.
The New Age and Digital Nomads
Why would you work in an office, when you can work from any place you want? All you need is a laptop and Wifi! We have a new generation of digital nomads who are taking their work on their travels around the world.
Jemma Porter who took her job for a road trip said:
“I really didn’t like my job. I used to work in online marketing in an office in Edinburgh and then I started doing some freelance copywriting on the side just to make a bit of extra money.”
Jemma and her boyfriend James lived in Germany, Spain, South Africa, France, and Portugal. They have also stayed in South-East Asia and other parts of Europe.
Her boyfriend’s main income comes from the industry of search engine optimization working for marketing companies. How much are they paid? Their earnings are about $54,000 a year and they currently live in Lisbon, the city with one of the lowest costs of living in Europe.
They decided to quit their 9 to five jobs and find something that would be in line with their needs and life goals. What used to be a dream is a reality now for many young people around the world who live and work differently than we used to only a few decades ago.