Best Of FORBES: NSA Uses 'Leaky' Apps To Hunt Data, Bitcoin Arrests

Jan 28 2014, 1:02am CST | by

“It’s well known (and blithely accepted) that mobile advertising firms collect personal data from mobile apps for marketing purposes. Now it looks like government agencies have been trying to exploit those same programs to collect data too — though how much they have successfully collected is still unclear” — Parmy Olson. Read Report: NSA Hunts For Personal Data From ‘Leaky’ Mobile Apps

“The widening circle of arrests in the investigation of the Silk Road drug market sites just extended into the heart of the Bitcoin community. The Department of Justice announced Monday that it’s arrested Charlie Shrem, CEO of the Bitcoin payment processor BitInstant and vice chairman of the Bitcoin Foundation, as well as Robert Faiella, an alleged underground Bitcoin exchanger, and accuses the two of selling more than $1 million worth of bitcoins to users of the Silk Road anonymous black market for drugs” — Andy Greenberg. Read Winklevoss-Funded Bitcoin Startup CEO Arrested In Silk Road Investigation

“Apple got the iPad Christmas it had promised investors, selling more tablets than analysts anticipated. But iPhone sales fell short, even after CEO Tim Cook introduced two new models, and the sales forecast for the quarter ending in March fell short of expectations. The shares dropped more than 6 percent in extending trading” — Connie Guglielmo. Read Apple Gets Its iPad Christmas, But iPhone Sales, Forecast Disappoints, Shares Fall

“Want to protect your kids from drug-resistant bacteria? Open your wallet. Governments and insurance companies need to commit to paying 10 or 50 times more than they already do if industry is going to put resources into fighting the threat of superbugs” — Matthew Herper. Read How To Avert An Antibiotic Apocalypse

“It’s inevitable that ESPN fans will eventually watch more games online. The smart guys at the Disney-owned network have to figure out how to get viewers there without alienating the cable and satellite companies who pay ESPN the highest per-subscriber fee in the cable universe. The company’s main strategy is WatchESPN. The free app lets cable subscribers watch ESPN content online for free as long as they authenticate. That means the viewer has to be a paying cable (or FIOS) subscriber” — Dorothy Pomerantz. Read ESPN Tries To Have It Both Ways

And with the Super Bowl and Olympics around the corner, check out some of the latest sports coverage on FORBES:

“This Sunday the Denver Broncos will play the Seattle Seahawks in the first-ever outdoor, cold-weather Super Bowl, at MetLife Stadium in East Rutherford, New Jersey. The forecast, for now anyway, calls for temperatures in the mid-30s on February 2nd. It may even rain and snow” — Monte Burke. Read Why An Outdoor, Cold-Weather Super Bowl Is A Great Idea

“Another Olympic year, another round of guessing whose mug is likely to wind up on the next Wheaties box. Who gets the big endorsements after the Games? Gold medalists, yes. Good looks don’t hurt either” — Tom Van Riper. Read Sochi 2014: Nick Goepper, Mikaela Shiffrin and 8 Other Olympians Poised To Win Marketing Gold

FORBES news:

“Very little shocks me about the media business any more. Even less catches me off guard when it comes to digital media. Then came the 24 hours after the NFL championship game between Seattle and San Francisco. That’s when I watched the power of mobile and social come together on Forbes.com like never before” — Lewis DVorkin. Read Inside Forbes: Two Surging Forces — Mobile and Social — Unite to Drive the News Business

Source: Forbes Business

 
 

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