CBR: Facebook and Google “Inspired” $1.5 Trillion Dark Web Entrepreneurs. “Cybercrime revenues now rival the GDP output of major world economies at a colossal $1.5 trillion annually, according to an independent academic study published today. Surrey University’s Mike McGuire spent six months researching cybercrime profit distribution for his ‘Web of Profit’ report; speaking with GCHQ, the FBI, Europol, global financial institutions and covert security workers that have infiltrated the dark web.”
State Scoop: Former U.S. Treasury official is building a financial transparency tool for everyone. “Four years ago, Christina Ho led an effort through the U.S. Treasury Department to help Americans track the federal government’s spending of public funds. Now, she’s left government and embarked on a new project: aggregating data from the country’s more than 30,000 municipalities to help citizens shape local policy.”
Campaign Finance Institute: Introducing CFI’s Groundbreaking Database Of State Campaign Finance Laws. “The Campaign Finance Institute is pleased to release a groundbreaking new tool, ‘CFI’s Historical Database of State Campaign Finance Laws’. The database covers all of the states’ campaign finance laws every two years since 1996. It is designed for everything from interactive and visualized lookups to downloadable datasets. “
The Verge: YouTube CEO addresses demonetization, ignores frustrated small creators. “YouTube CEO Susan Wojcicki announced in a blog post today that YouTube will be launching a pilot program with a small group of users in an attempt to address and ameliorate its creators’ continued concerns regarding demonetization and other recent, largely unpopular changes to the YouTube Partners Program.” YouTube is not being nice to its golden goose.
Hacker Noon: The Future has a Subscription Fee. “In this day and age, you can pay for travelling in China with Apple Pay while cash barely exists anymore in China due to WeChat Pay and Alipay and here in the west Amazon Prime was years ahead of its time with its subscription model that’s always adding even more value. Even Uber now offer bike-sharing and access to some transportation services. As tech consolidates it’s all about offering the most value in one app and in one subscription fee. The era of stand-alone subscription fees like Netflix, may not be forever.”
Knowledge@Wharton: Should Facebook Go Freemium?. “With Facebook under heavy fire over its handling of privacy issues and its iconic head having been grilled by Congress over two days, the company is surely groping for ways to appease critics without derailing its money-machine model. In this opinion piece, Ravi Bapna, a professor at the University of Minnesota, suggests that a two-tiered service mode — including pay-for-service — could solve a lot of the social media company’s pressing problems.”
Omaha World-Herald: Warren Buffett plans to release video archive of past shareholder meetings. “Warren Buffett plans to make public a video archive of about 20 years of past Berkshire Hathaway Inc. shareholder meetings. It’s a potential treasure trove for students, teachers and financial types interested in his ideas and history, said Louis Pol, business dean at the University of Nebraska at Omaha.”