Uber workers told to ignore ‘pessimistic voices’ as shares slide

CEO defiant in email but downward spiral continues after stock market debut The chief executive of Uber has urged employees to ignore pessimistic voices after shares in the company slumped again on their second day of trading since Fridays disappointing trade tension between the US and China, Ubers stock market value fell below $63bn (49bn), just over half the $120bn that its investment bankers $UBER employees today: “There are many versions of our future that are highly profitable and valuable, and there are of course some that are less so. During times of negative market sentiment, the pessimistic voices get louder, and the optimistic voices pull back” China hit back at the US with further import tariffs in the latest …

The privacy paradox: why do people keep using tech firms that abuse their data? | John Naughton

Despite privacy scandals, Facebook is more profitable than ever A dark shadow looms over our networked world. Its called the annus horribilis for the company. Yet the details of the experiment. The reporters picked 16 categories, such as registered Democrats or people trying to lose weight, and targeted ads at people in those categories. But instead of trying to sell cars or prescription drugs, they used the ads to reveal the invisible information itself. So targeted users would receive ads saying things like this: This ad thinks that youre trying to lose weight and still love bakeries. Youre being watched. Are you OK with that? Or: This ad thinks youre female, a registered Democrat and are likely to vote for …

Regulating Facebook will be one of the greatest challenges in human history | Siva Vaidhyanathan

Countries will need a creative and bold approach to address the social media giant with the power and money to absorb meager fines. Consider all the ways that governments are proposing to rein in Facebook. The gamut runs from regulatory fines to threats to dismantle the behemoth. Some of these measures are counter-productive. Some are poorly thought out. Some are necessary. All are insufficient. Regulators are trying to address Facebook as if its like companies they have encountered before. But Facebook presents radically new challenges. It is unlike anything else in human history with the possible exception of Google. Just this month the United Kingdom Facebook had broken the law by failing to protect users data from flowing to the …