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Have the Social Giants Peaked?

Last week, when Facebook, Twitter, and Snapchat reported their latest quarterly earnings, all three social platforms noted a slowdown or drop in users. Facebook’s user numbers remained flat in North America and fell in Europe on a quarter-over-quarter basis, Twitter reported a slight downturn in monthly users, and Snap posted a decline in daily active users for the second quarter. CNBC floated the possibility that social-media growth has peaked, with no room to add significant numbers of new users—at least in the West. Facebook still hopes to use “lite” versions of its apps to secure gains in huge, virtually untapped markets such as India and Indonesia. And, of course, China, with its billions of potential users, remains closed for now to Facebook and other popular platforms. Facebook and Twitter both blamed the European Union’s new data privacy law, the General Data Protection Regulation, as a factor in their declines. However, Facebook’s monthly page visits have been falling sharply...
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An OMG about EMV

Europay, MasterCard, and Visa (EMV) chip cards were meant to make transactions more secure, but Texas IT consultant and forensic investigator Colman Ryan has pointed out that after three failed attempts to read a chip, a terminal will allow the card to be swiped. A criminal presenting a cloned credit card embedded with a fake chip will still have the stolen account information stored on the card’s magnetic strip. If the point-of-sale terminal can’t read the chip after three tries, a fallback feature will ask the user to swipe the card instead. That fallback feature cannot be switched off. The EMV chip is designed to protect the retailer against fraudulent charges by verifying the card was physically present during the transaction. But if the chip isn’t read, the merchant—not the bank—will be on the hook for any fraud.
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