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China

Why a Chinese Company Is the Biggest IPO Ever In the US 188

Posted by timothy
from the visible-from-space dept.
An anonymous reader writes The Chinese e-commerce giant Alibaba has made headlines lately in US financial news. At the closing of its Initial Public Offering (IPO) on Friday, it had raised $21.8 billion on the New York Stock Exchange, larger even than Visa's ($17.9 billion), Facebook's ($16 billion), and General Motors ($15.8 billion) IPOs. Some critics do say that Alibaba's share price will plummet from its current value of $93.60 in the same way that Facebook's and Twitter's plummeted dramatically after initial offerings. Before we speculate, however, we should take note of what Alibaba is exactly. Beyond the likes of Amazon and eBay, Alibaba apparently links average consumers directly to manufacturers, which is handy for an economy ripe for change. Approximately half of Alibaba's shares "were sold to 25 investment firms", and "most of the shares went to US investors."
Security

eBay Redirect Attack Puts Buyers' Credentials At Risk 37

Posted by samzenpus
from the steal-it-now dept.
mrspoonsi points out this BBC story about an eBay breach that was directing users to a spoof site. "eBay has been compromised so that people who clicked on some of its links were automatically diverted to a site designed to steal their credentials. The spoof site had been set up to look like the online marketplace's welcome page. The firm was alerted to the hack on Wednesday night but removed the listings only after a follow-up call from the BBC more than 12 hours later. One security expert said he was surprised by the length of time taken. 'EBay is a large company and it should have a 24/7 response team to deal with this — and this case is unambiguously bad,' said Dr Steven Murdoch from University College London's Information Security Research Group. The security researcher was able to analyze the listing involved before eBay removed it. He said that the technique used was known as a cross-site scripting (XSS) attack."
Open Source

New Release of MINIX 3 For x86 and ARM Is NetBSD Compatible 93

Posted by timothy
from the big-and-fancy dept.
An anonymous reader writes MINIX 3 is a small POSIX-compliant operating system aimed at high reliability (embedded) applications. A major new version of MINIX 3 (3.3.0) is now available for download at www.minix3.org. In addition to the x86, the ARM Cortex A8 is now supported, with ports to the BeagleBoard and BeagleBones available. Finally, the entire userland has been redone in 3.3.0 to make it NetBSD compatible, with thousands of NetBSD packages available out of the box. MINIX 3 is based on a tiny (13 KLoC) microkernel with the operating system running as a set of protected user-mode processes. Each device driver is also a separate process. If a driver fails, it is automatically and transparently restarted without rebooting and without applications even noticing, making the system self-healing. The full announcement, with links to the release notes and notes on installation, can be found at the Minix Google Groups page.
Security

Malware Distributed Through Twitch Chat Is Hijacking Steam Accounts 53

Posted by samzenpus
from the protect-ya-neck dept.
An anonymous reader writes If you use Twitch don't click on any suspicious links in the video streaming platform's chat feature. Twitch Support's official Twitter account issued a security warning telling users not to click the "csgoprize" link in chat. According to f-secure, the link leads to a Java program that asks for your name and email. If you provide the info it will install a file on your computer that's able to take out any money you have in your Steam wallet, as well as sell or trade items in your inventory. "This malware, which we call Eskimo, is able to wipe your Steam wallet, armory, and inventory dry," says F-Secure. "It even dumps your items for a discount in the Steam Community Market. Previous variants were selling items with a 12 percent discount, but a recent sample showed that they changed it to 35 percent discount. Perhaps to be able to sell the items faster."
Google

German Court: Google Must Stop Ignoring Customer E-mails 290

Posted by samzenpus
from the I-won't-be-ignored dept.
jfruh writes If you send an email to support-de@google.com, Google's German support address, you'll receive an automatic reply informing you that Google will not respond to or even read your message, due to the large number of emails received at that address. Now a German court has ruled (PDF) that this is an unacceptable response, based on a German law saying that companies must provide a means for customers to communicate with them. Update: 09/12 15:47 GMT by S : Updated to fix the links.
Censorship

MetaFilter Founder Says Vacation Firm Forged Court Docs To Scotch Review 116

Posted by timothy
from the but-such-a-nice-film-festival dept.
IonOtter (629215) writes Matt Haughey, founder of MetaFilter, has challenged a Cease & Desist letter from Sundance Vacations, a seller of time-shares with a reputation for aggressive sales tactics and suppression of criticism. Only this time, it seems that the plaintiff may have forged court documents ordering Mr. Haughey, Facebook, Google, Yahoo, Bing and other search engines to remove any and all mentions of the links and posts in question. Legal blog Popehat has picked this up as well, prompting Ken White to wryly note, "...Sundance Vacations is about to learn about the Streisand Effect." The story is gaining traction, and being picked up by Boing-Boing, as well as hitting the first page of search results on Google.
Graphics

Ask Slashdot: the State of Free Video Editing Tools? 163

Posted by timothy
from the what-are-you-happy-with? dept.
New submitter Shadow99_1 writes I used to do a lot of video editing (a few years ago, at an earlier job) and at that time I used Adobe Premiere. Now a few years later I'm looking to start doing some video editing for my own personal use, but I have a limited budget that pretty well excludes even thinking about buying a copy of Adobe Premiere. So I ask slashdot: What is the state of free (as in beer or as in open source) video editing tools? In my case... I support a windows environment at work and so it's primarily what I use at home. I am also using a camcorder that uses flash cards to record onto, so for me I need a platform that supports reading flash cards. So that is my focus but feel free to discuss video editing on all platforms. I've been looking forward to the Kickstarted upgrade to OpenShot; based on the project's latest update, early versions of an installer should start appearing soon. Video editing is a big endeavor, though, and ambitious announcements and slipped schedules both seem to be the norm: an open-source version of Lightworks was announced back in 2010. Some lighter open-source options include Pitivi (raising funds to get to version 1.0) and Kdenlive, also in active development (most recent release was in mid-May). Pitiviti's site links to a sobering illustration about many of the shorter- and longer-lived projects in this area.
Businesses

Uber Has a Playbook For Sabotaging Lyft, Says Report 182

Posted by timothy
from the ethics-schmethics dept.
Nerval's Lobster (2598977) writes The folks over at The Verge claim that "Uber is arming teams of independent contractors with burner phones and credit cards as part of its sophisticated effort to undermine Lyft and other competitors." Interviews and documents apparently show Uber reps ordering and canceling Lyft rides by the thousands, following a playbook with advice designed to prevent Lyft from flagging their accounts. 'Uber appears to be replicating its program across the country. One email obtained by The Verge links to an online form for requesting burner phones, credit cards, and driver kits — everything an Uber driver needs to get started, which recruiters often carry with them.' Is this an example of legal-but-hard-hitting business tactics, or is Uber overstepping its bounds? The so-called sharing economy seems just as cutthroat — if not more so — than any other industry out there.
Facebook

Facebook Cleans Up News Feed By Reducing Click-Bait Headlines 61

Posted by samzenpus
from the 20-shocking-reasons-this-won't-work dept.
An anonymous reader writes "Facebook today announced further plans to clean up the News Feed by reducing stories with click-bait headlines as well as stories that have links shared in the captions of photos or within status updates. The move comes just four months after the social network reduced Like-baiting posts, repeated content, and spammy links."
Censorship

Put A Red Cross PSA In Front Of the ISIS Beheading Video 300

Posted by samzenpus
from the for-the-greater-good dept.
Bennett Haselton writes After footage of James Foley's beheading by ISIS terrorists was posted online on Tuesday, Twitter and Youtube elected to remove any footage or links to the footage posted by users. Obviously this reduces the incentive for terrorist groups to post such content, by shrinking their audience, but it also reduces the public's access to information. Would it be ethical to make the content available, if it was preceded by an advertisement for a cause that runs counter to everything ISIS stands for? Read below to see what Bennett has to say.
Facebook

Facebook Experimenting With Blu-ray As a Storage Medium 193

Posted by timothy
from the what-do-you-trust-with-your-selfies dept.
s122604 links to CNN's explanation of what may be the future of cold (or at least lukewarm) storage at Facebook, which is experimenting with massive arrays of Blu-Ray discs for seldom-accessed user files. Says the report: The discs are held in groups of 12 in locked cartridges and are extracted by a robotic arm whenever they're needed. One rack contains 10,000 discs, and is capable of storing a petabyte of data, or one million gigabytes. Blu-ray discs offer a number of advantages versus hard drives. For one thing, the discs are more resilient: they're water- and dust-resistant, and better able to withstand temperature swings. Their data can be restored more quickly, and they're easier to transport. Most important, though, is cost. Because the Blu-ray system doesn't need to be powered when the discs aren't in use, it uses 80% less power than the hard-drive arrangement, cutting overall costs in half.
Transportation

It's Easy To Hack Traffic Lights 144

Posted by Soulskill
from the looking-forward-to-the-mobile-app dept.
An anonymous reader notes coverage of research from the University of Michigan into the ease with which attackers can hack traffic lights. From the article: As is typical in large urban areas, the traffic lights in the subject city are networked in a tree-type topology, allowing them to pass information to and receive instruction from a central management point. The network is IP-based, with all the nodes (intersections and management computers) on a single subnet. In order to save on installation costs and increase flexibility, the traffic light system uses wireless radios rather than dedicated physical networking links for its communication infrastructure—and that’s the hole the research team exploited. ... The 5.8GHz network has no password and uses no encryption; with a proper radio in hand, joining is trivial. ... The research team quickly discovered that the debug port was open on the live controllers and could directly "read and write arbitrary memory locations, kill tasks, and even reboot the device (PDF)." Debug access to the system also let the researchers look at how the controller communicates to its attached devices—the traffic lights and intersection cameras. They quickly discovered that the control system’s communication was totally non-obfuscated and easy to understand—and easy to subvert.
Open Source

At Home with Tim O'Reilly (Videos 5 and 6 of 6) 6

Posted by Roblimo
from the original-members-of-the-open-source-movement dept.
Today's videos are parts five and six of our casual interview with Tim O'Reilly, founder of O'Reilly Media and one of the most influential open source boosters around. (You supplied the questions. He supplied the answers.) We had a lot more to say about Tim Tuesday when we ran parts one and two of our video interview with him. Yesterday we ran parts three and four. (Today's alternate Video Links: Video 5 ~ Video 6.)
Open Source

At Home with Tim O'Reilly (Videos 3 and 4 of 6) 6

Posted by Roblimo
from the he's-a-publishing-business-upshaker-who-supports-the-builder-and-the-maker dept.
Today's videos are parts three and four of our casual interview with Tim O'Reilly, founder of O'Reilly Media and one of the most influential open source boosters around. (You supplied the questions. He supplied the answers.) We had a lot more to say about Tim yesterday when we ran parts one and two of our video interview with him. (Today's alternate Video Links: Video 3 ~ Video 4; transcript covers both videos.)
Censorship

Google Receives Takedown Request Every 8 Milliseconds 155

Posted by Unknown Lamer
from the can-we-just-fix-copyright-already dept.
Via TorrentFreak comes news that Google is now being asked to remove one million links per day (or an average of one takedown notice every 8ms). In 2008, they received one takedown request approximately every six days. From the article: The massive surge in removal requests is not without controversy. It’s been reported that some notices reference pages that contain no copyrighted material, due to mistakes or abuse, but are deleted nonetheless. Google has a pretty good track record of catching these errors, but since manual review of all links is unachievable, some URLs are removed in error. ... The issue has also piqued the interest of U.S. lawmakers. Earlier this year the House Judiciary Subcommittee had a hearing on the DMCA takedown issue, and both copyright holders, Internet service providers, and other parties are examining what they can do to optimize the process. In the meantime, the number of removal requests is expected to rise and rise, with 10 million links per week being the next milestone.
Open Source

At Home with Tim O'Reilly (Videos 1 and 2 of 6) 11

Posted by Roblimo
from the not-just-a-man-but-a-vital-force-behind-open-source dept.
Wikipedia says Tim O'Reilly "is the founder of O'Reilly Media (formerly O'Reilly & Associates) and a supporter of the free software and open source movements." And so he is. O'Reilly Media is also the company from which Make magazine and the assorted Maker Faires sprang, before spinning off into an ongoing presence of their own. (This year's Solid conference, as well as the confluence of hardware and software at OSCON demonstrate O'Reilly's ongoing interest in the world of makers, though.) O'Reilly has been a powerful force in technical book publishing, popularized the term Web 2.0, and has been at least a godfather to the open source movement. He's also an interesting person in general, even more so when he's hanging out at home than when he's on stage at a conference or doing a formal interview. That's why we were glad Timothy Lord was able to get hold of Tim O'Reilly via Hangout while he was in a relaxed mood in a no-pressure environment, happy to give detailed responses based on your questions, from small (everyday technology) to big (the Internet as "global brain").

We've run a few two-part videos, but this is the first time we've split one video into six parts -- with two running today, two tomorrow, and two Thursday. But then, how many people do we interview who have had as much of an effect on the nature of information transmission -- as opposed to just publishing -- as Tim O'Reilly? We don't know for sure, but there's a good chance that O'Reilly books are owned by more Slashdot readers than books from any other publisher. That alone makes Tim O'Reilly worth listening to for nearly an hour, total. (Alternate Video Links: Video 1 ~ Video 2; transcript below covers both videos.)
The Media

News Aggregator Fark Adds Misogyny Ban 748

Posted by Unknown Lamer
from the here-we-go-again dept.
An anonymous reader writes The news aggregator Fark is ancient in dot com terms. Users submit news links to the privately run site and tear it — and each other — to pieces in the discussion threads. (Sound familiar?) While the site isn't as popular as during the early 2000s, the privately run discussion forum has continued and has its champions. site operator Drew Curtis announced today that Gifs, references, jokes and comments involving sexism will be deleted. "Adam Savage once described to me the problem this way: if the Internet was a dude, we'd all agree that dude has a serious problem with women. We've actually been tightening up moderation style along these lines for awhile now, but as of today, the FArQ will be updated with new rules reminding you all that we don't want to be the He Man Woman Hater's Club. This represents enough of a departure from pretty much how every other large internet community operates that I figure an announcement is necessary."

Given how bare-knuckled Fark can be, is it time? Overdue?
Facebook

Facebook Tests "Satire" Tag To Avoid Confusion On News Feed 131

Posted by samzenpus
from the I-can't-tell-up-from-down dept.
An anonymous reader writes "In an attempt to keep you from having to explain to your crazy relatives that despite what they read, Vice President Biden *didn't* get a grow light delivered to the White House under a fake name, Facebook is testing a "satire" tag on news feeds. A Facebook representative issued the following statement to Ars Technica: "We are running a small test which shows the text '[Satire]' in front of links to satirical articles in the related articles unit in News Feed. This is because we received feedback that people wanted a clearer way to distinguish satirical articles from others in these units."
Advertising

Bezos-Owned Washington Post Embeds Amazon Buy-It-Now Buttons Mid-sentence 136

Posted by Soulskill
from the wait-till-they-start-delivering-papers-with-drones dept.
McGruber writes: While reading a story in the Jeff Bezos-owned Washington Post, I saw that the paper had begun embedding Amazon Buy-It-Now links in the middle of story sentences. For example, in this article, a sentence about the sales figures for differing covers of The Great Gatsby read: At Politics and Prose, the traditional [BUY IT NOW] version — featuring the iconic eyes floating on a blue background — sold better than the DiCaprio [BUY IT NOW] cover. This change follows the July news of much larger than expected losses at Amazon and a 10-percent decline in the Amazon's stock value. In related news, the Post reports that the literary executor of George Orwell's estate has accused Amazon.com of doublespeak after they cited one of Orwell's essays in their ebook pricing debate with Hachette and other publishers.
Robotics

Humans Need Not Apply: a Video About the Robot Revolution and Jobs 304

Posted by Soulskill
from the go-away-or-i-will-replace-you-with-a-very-large-robot-that-breaks-things dept.
Paul Fernhout writes: This explanatory compilation video by CGP Grey called "Humans Need Not Apply" on structural unemployment caused by robotics and AI (and other automation) is like the imagery playing in my mind when I think about the topic based on previous videos and charts I've seen. I saw it first on the econfuture site by Martin Ford, author of The Lights in the Tunnel. It is being discussed on Reddit, and people there have started mentioning a "basic income" as one possible response. While I like the basic income idea, I also collect other approaches in an essay called Beyond A Jobless Recovery: A heterodox perspective on 21st century economics. Beyond a basic income for the exchange economy, those possible approaches include gift economy, subsistence production, planned economy, and more — including many unpleasant alternatives like expanding prisons or fighting wars as we are currently doing.

Marshall Brain's writings like Robotic Nation and Manna have inspired my own work. I made my own video version of the concept around 2010, as a parable called "The Richest Man in the World: A parable about structural unemployment and a basic income." (I also pulled together a lot of links to robot videos in 2009.) It's great to see more informative videos on this topic. CGP Grey's video is awesome in the way he puts it all together.

"Let every man teach his son, teach his daughter, that labor is honorable." -- Robert G. Ingersoll

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