Facebook outage coincides with whistleblower’s testimony. Amazon releases new WFH policies. Women scoop up all of the top awards at the Finnie Awards. Pentagon official Nicolas Chaillan resigns and leaves a LinkedIn note warning about future cyber threats. Twitter will revamp its business advertising strategy.
Hello, and welcome to PCN Pulse. Your first stop for all fintech, saas, e-commerce and cyber news. Delivered to you weekly by PCN Media.
On Monday October 4, 2021, the world seemed to come to a standstill when Facebook, WhatsApp, Instagram, Messenger, and Oculus went down. While technical outages are not uncommon and Facebook isn’t too big to fail, the last significant outage was in 2019. The outage coincided with Facebook whistleblower, Frances Haugen, who accused Facebook of prioritizing “profits before people,” explosive testimony. Sophie Zhang came forward to testify against Facebook and is asking for officials to intervene.
Covid has overhauled work-from-home and office policies. On Monday, Amazon CEO Andy Jassy emailed office employees a brand-new outline for work-from-home policies. The original plan in August was for employees to return to the offices in January 2022, with the idea that employees could spend 3 days in the office and two days remote. However, this new policy will let individual teams decide how often people need to come to the office. Amazon is not alone in revising their plans, Apple and Google pushed return to the office to January 2022 and Microsoft indefinitely delayed its office reopening.
Cybersecurity threats are once again galvanizing public attention. The digital dangers of cyberattacks, ransomware, and killware, has received much attention from US President Joe Biden’s administration. Biden signed the bipartisan K-12 Cybersecurity Act on October 8. While elsewhere, Pentagon official Nicolas Chaillan, chief software officer at the US Air Force, resigned on Sept 2 and left a LinkedIn post where he cited Pentagon’s reluctance to make cybersecurity and AI a priority. Cybersecurity jobs will swell by 31% by 2029.
Ecommerce continues winning as social media giant Twitter looks to create new features and revamped algorithms to capture a piece of the ever-growing ecommerce market. We can expect more targeted ads and tools that allow users to make purchases and downloads without leaving Twitter. The real-time microblogging platform currently makes only 15% of its revenue from business advertising but this new strategy is likely to overhaul these numbers. That’s it from us. Thanks for watching, tune in next week for more industry news from us.
That’s it from us. Thanks for watching, tune in next week for more industry news from us.
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