Today’s news update includes links to Google privacy, BP oil spill and the jobs report.
President Barack Obama said on Friday the gain of 431,000 jobs in May is a sign the U.S. economy is getting stronger, although there will still be ups and downs going forward.
“This report is a sign that our economy is getting stronger by the day,” Obama said in remarks to about about 50 workers at a large truck garage in Maryland.
“A lot of businesses that were hit hard during this downturn, they are starting to hire again. Workers who were laid off are starting to get their jobs back,” he said.
BP Plc Chief Executive Officer Tony Hayward, under growing pressure over the oil spill in the Gulf of Mexico, pledged to lead the company through the crisis with the backing of the board.
“My number one priority is to steer BP through this crisis, and that is exactly what I intend to do,” Hayward said on a conference call with investors today. He has received “extraordinary support” from the board, he said.
Criticism of Hayward grew this week after BP’s failure to stem the flow from the damaged well caused the biggest share price drop in 18 years and led to speculation over his future. Fitch Ratings and Moody’s Investor Service downgraded BP’s credit rating yesterday on concern about the rising costs of the worst spill in U.S. history.
We all know that Facebook has had more than its fair share of struggles with privacy issues. But the social networking site isn’t the only Internet titan battling privacy concerns. Google obtained data it probably shouldn’t have through the process it uses to take photographs for its Street View maps service. Several European nations complained, however, and Google is surrendering the private information.
Here’s what happened, via the New York Times:
“Last month, Google revealed it had been inadvertently collecting 600 gigabytes of personal data, saying that the roving, camera-mounted cars in its Street View program had collected not only photographs of neighborhoods but snippets of private information from people whose personal Wi-Fi networks were left unencrypted.”
Social Media Update: Our communication has changed. We are clearly no longer a society that gathers all of our news from the local newspaper and the local news station. Rather, we are gathering it from sources everywhere. Whether it is a blogger that breaks a news story, a Google search that turns up the most up to date stock market numbers, or a Twitter Iran situation, the way we get our information has changed.
Two online entities that have a wide span of popularity are Google and Twitter. Recent developments as the start-up company, Twitter, has taken off, beg the question, “Will Google and Twitter continue to co-exist?”
Google is not only a household name but similar to how the brand name “Kleenex” took over the term “tissue paper”, “Google it” now means, run an online search. Google is dominating the search market. In the more recent future Twitter has begun to take a nationwide position and Twitter words like the ones listed below are being introduced into our vocabulary:
tweet(ing): the act of posting to Twitter.
tweeple: Twitter people, Twitter members, Twitter users.
twitterpated: to be overwhelmed with Twitter messages.
politweet: a political tweet
According to a New York Times article, “Twitter, the popular micro-blogging service, has stolen a prominent Google lawyer.” Mashable reports on it as well, stating, “The site has nabbed Alexander Macgillivray, the former Senior Product and Intellectual Property Counsel at Google…” Although Twitter hasn’t had any major legal battles up to this point, they are thinking proactively as they begin to look at their future ROI plans.
Google recently released a list of all their Google Twitter accounts. TecUpdates reports that there are 45 Google Accounts on Twitter. That information alone begs the question, would Google buy Twitter? According to Sam Howat,
“Having many accounts to communicate with your customers via a popular medium does not qualify it for purchase. Twitter is not going to sell itself for anything less than $1Billion. Google is hoarding its cash just like everyone else during this recession.”
Howatt goes on in his post to discuss Google Wave. Google Wave is a new Google application that will be released, this app will “consolidate the attention of Google’s huge user-base no matter what social network they are involved in,” according to Scott Hewat. He goes on to say, “With the ability to converse in private, public, real-time, or threaded email, Wave is a fully branded, all-inclusive Google product that makes the communication lives of people amazingly easy.”
All that to say, in this information age, technology age, computer age, whichever ‘age’ you choose to adopt… The verdict on the Google and Twitter relationship is still up in the air. However, the fact remains in our social media update, our communication as a culture has changed and it’ll be interesting to see how our culture continues to shift and change as our communication practices do.
What are your thoughts regarding pros and cons of the communication changes? Do you think that Twitter grabbing a Google lawyer signifies any future shifts in their business?
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