Sunday, December 12, 2010

FTC... actually trying to help the consumers online?

Yes its true. I didnt believe it at first either, but the FTC is actually trying to help consumers online with a proposal and rulebook/framework, companies should follow when collecting data about consumers. "This proposal is intended to inform policymakers, including Congress, as they develop solutions, policies, and potential laws governing privacy, and guide and motivate industry as it develops more robust and effective best practices and self-regulatory guidelines”
 
Some of the ways it plans to protect consumes is by including "reasonable security for consumer data, limited collection and retention of such data, and reasonable procedures to promote data accuracy".  This all seams fine but it is highly dependant on what the definition of "reasonably" means.
 
For us in the tech world though i think the main focus is going to be on what this "Do Not Track" mechanism is it going to be. Could it be a button on browsers that lets you go invisible for a period of time or forever? and if it is dont we already have something similar to that on the big three browsers already (IE, Firefox and Chrome). Internet Explorer has in "InPrivate" browsing, Firefox doesnt have a name for it, it just gives the option for private browsing under the tools tab and Chrome has the cleverly named "incognito window".
 
This would be a little different in that it would be like a flag or billboard saying to the outside  world and business dont track me! As opposed to not keeping cookies and other tracking data on your own machine for others on the client side to see.
 
If this type of option were given right on the browser i dont think marketers and businesses would be happy about it because i think everyone would have the "Do Not Track" option/button on by default everytime they get online. Think about it not many people know there browsing habits are being tracked all the time ( and if they do they dont think much of it) and if something were to say it as bluntly as "Do Not Track" as soon as they logged on i think thats the first button they would press even before doing something as common as checking email.
 
Thats not to say everyone is doing something "illegal" or "wrong" online its just a matter of personal privacy. It would be like having an invisible floating camera follow you around everyday and then one day someone tells you about it and gives you the option to remove it. Again everyone would be smashing that camera ("Do Not Track") regardless of whether it was helpful to you in the past or not.
 
So again this issue isnt one sided. As a consumer its good (anything that helps prevent Identity theft and fraud is good); as a business its leaning towards the more work and resources side which makes it a little more negative...  what do you guys think?
  
 
sources/ links 
 
 
 

Saturday, December 4, 2010

Google and Groupon is a no go...

Google seems to be expandig its future revenue streams by buying every potential break out tech company it can find. Everyone knows about the youtube purchase and that startup company called android back in 2005, that had a great idea for a mobile OS. As a matter of fact this is what they just picked up today.
 
This doesnt mean that google is the "bad guy" who is just picking up startups for the profit. Many of these companys do far better with google as an umbrella of sorts. Being part of google gives them access to resources that they would never have on there own and it still allows them the freedom and creativity they would have if they were on there own. Take android for instance Android phones are now the fastest selling smartphones on the market (yes even more than iphones). I have no doubt the company would still be doing great without google, just because of there open strategy and quality of there software, but i think that because its part of google it was brought to the masses alot sooner and integrates better with the plethora of google services many of us use on a daily bases, such as gmail and google maps.
 
Now this past week google has been in talks with internet coupon giant Groupon for a possible buyout between 5 and 6 Billion. Sadly those who wanted to see this deal go through are out of luck it was just called off yesterday. Check out the article here.
 
This brings up a serious question for groupon now because as competition increases (especially in the internet startup business) its only going to get harder and harder to turn a profit, even though its been doing very well so far. And it wont make a decision about an IPO until next year. What do you think the best option for Groupon is now that it wont have the protective umbrella of google to back it up?