2018-11-14

Tencent Q3 2018 Financial Results, LIVE Webcast Nov 14, 7am ET

Tencent HKG: 0700
Tencent Holdings Limited Q3 2018 Financial Results Conference call and LIVE webcast at 7:00 a.m. EST (US) - 8:00 p.m. HKT, Wednesday, Nov 14, 2018. Replay of the webcast at the same link. PowerPoint slides will be presented during the live webcast.

2018-11-13

Goldman Sachs And The Global 1MDB Scandal (video)

Goldman Sachs Entangled in Global 1MDB Scandal

With the indictment of two former senior Goldman Sachs bankers, accused by U.S. prosecutors of paying bribes, stealing and laundering money from a Malaysian sovereign-wealth fund, the Wall Street giant finds itself at the center of one of the world's largest-ever financial scandals. Wall Street Journal (wsj.com) video above published Nov 8, 2018.

Goldman Sachs Group Inc.
@GoldmanSachs
Domain: goldmansachs.com
NYSE: GS
$GS
The ex-Goldman Sachs banker who pleaded guilty to conspiring to steal money from Malaysia's state investment fund says Goldman's "culture" encouraged executives to work around the legal team to score business--it was "very much in line of its culture of Goldman Sachs to conceal facts from certain compliance and legal employees"--Tim Leissner, Goldman's former Southeast Asia chairman, in his guilty plea in August, unsealed in federal court in Brooklyn Friday Nov 9, 2018, as reported by cnn.com.
Official Twitter for 1Malaysia Development Berhad: @1MDB
Domain: 1mdb.com.my
Goldman Sachs's new partners — added diversity

Latest Goldman Sachs promotions come from a vast spectrum of individuals - investment bankers, traders, risk experts and lenders, but was the smallest group of new partners for 20 years. FT.com video published Nov 8, 2018.

feedback & comments via twitter @DomainMondo


DISCLAIMER

2018-11-12

Internet Governance Forum 2018, Paris, France, Nov 12-14

Internet forum aims to build trust, while leaving no one offline

The Internet has become an integrated part of our lives, from accessing an education, to receiving healthcare services and to conducting business. As we move forward, our dependence on the Internet and technologies will grow even further. To address this concern, more than 3,000 representatives from governments, the private sector, technical community and the civil society will gather in Paris on 12-14 November 2018 at the annual global Internet Governance Forum (IGF) to look at a range of issues and actions that can be taken to ensure an “Internet of Trust.” UN DESA video above published Oct 31, 2018.

IGF 2018 - Day 1 - Salle VI

Internet Governance Forum (IGF) "Salle VI" video (via YouTube.com channel), Nov 12, 2018--the ICANN Open Forum begins at 1:57:38.

The Internet Governance Forum (IGF) is a global multistakeholder platform that facilitates the discussion of public policy issues pertaining to the internet.

IGF 2018 | Internet Governance Forum 2018, Paris, France, 12-14 Nov 2018
 IGF2018
Official website - schedule: https://www.intgovforum.org/multilingual/igf-2018-schedule/
Highlighted sessions below - all times local Paris time:

Other links:
Geneva Internet Platform - Digital Watch Updates from IGF2018

IGF2018 | InternetSociety.org

#IGF2018


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DISCLAIMER

2018-11-11

News Review | GDPR & ICANN EPDP Draft Initial Report Dysfunction

graphic "News Review" ©2016 DomainMondo.com
Domain Mondo's weekly internet domain news review (NR 2018-11-11 with analysis and opinion: Features • 1) GDPR & ICANN EPDP Draft Initial Report Dysfunction, 2) Other ICANN news: ICANN at IGF2018, and more, 3) Names, Domains & Trademarks: a. Disney+b. Desilu, c. NTIA, Verisign & .COM,  4) ICYMI: ITU Plenipot, Net Neutrality, China, Shadow Banning, 5) Most Read.

Meeting UPDATES for week ending Nov 16: 
Nov 12--Editor's note: the EPDP small team meeting Monday, Nov 12 at 18:30 UTC (1:30 pm EST) was CLOSED to ALL Observers even though links for observers were on the small team Nov 12 meeting wiki page, until I complained to Marika Konings (ICANN staff) that they were not working, and then Terri Agnew (ICANN staff) began revising the page. Apparently ICANN Org or EPDP Team Leadership made the unannounced arbitrary decision to CLOSE ALL EPDP small team meetings to Observers (and Alternates) effective Nov 12, 2018, and thereafter. I have filed complaints with both the ICANN Complaints Office and the ICANN Ombudsman.

1) GDPR & ICANN EPDP Draft Initial Report Dysfunction
EPDP Full Working Group Meetings this coming week: Tuesday Nov 13 and Thursday Nov 15, and Friday Nov 16 starting at 14:00 UTC (9am EST). Observers: Adobe Connect, or audio cast (browser or app). See also GNSO Council EPDP page and updates. Links to all EPDP meetings' transcripts and recordings are on the GNSO calendar. Other EPDP links: wikimail listaction itemsTemp SpecEPDP Charter (pdf), Data Elements Workbooks (pdf).

This past week's (Nov 5-9) EPDP meetings were all about revising and editing the ICANN staff's first draft of the Initial Report (pdf), so it can be published for public comment later this month. Early in the week, the RySG (Registries Stakeholder Group) sent an email to the EPDP mail list Nov 5, 2018 (pdf version) embed in full further below--excerpt:
"In light of the lack of clarity around the source of the 26 policy recommendations, the RySG ePDP team is particularly concerned about their presentation in the Initial Report. The phrasing of the recommendations implies that the Working Group reached consensus on these recommendations, and it is our understanding that no such consensus has yet been achieved.  The initial report should not present recommendations on items where the group did not reach consensus."


See also email from Amr Elsadr (NCSG) re: Contracted Parties and Small Teams #1 and #2:
"Respectfully, I’d like to offer a different take on where we are, and how we arrived to this point on these two topics. Speaking for myself, I’ve participated in one of the two Small Teams in question, and my understanding was not that the output of the Small Teams would in any way represent a consensus among those who participated in them. Rather, it was my understanding that the output would be illustrative of all the views expressed, and that these views would be shared with the EPDP Team in its entirety for further reflection and deliberation ..."
As of Friday, Nov 9, 2018, the Contracted Parties House (Registries and Registrars) and NCSG (Non-Commercial Stakeholder Group), which together comprise 3/4 of the GNSO, appear to be aligned and in consensus on critical EPDP issues which some other members of the EPDP working group still have differing opinions. One such issue is what Alan Woods was addressing below in Thursday's meeting:
Alan Woods (RySG - Donuts): "Thanks, Kurt. I’m really not going belabor this point, I think it’s been hashed back and forth ... we do not want to accept a basic policy recommendation that will send us backwards and that’s exactly what this [natural person vs legal entity distinction] will do; it will send us backwards to the point where we are not in a position to properly or accurately vindicate the rights of the data subject  [registrant]. And that is ultimately what it is.
"And I make no apologies, I know I’m not a white knight in this, I’m representing a registry, but ultimately we are aligned in the sense of us vindicating the rights of the data subject to prevent us from, you know, getting sued and the liability issue. But what has been suggested, and this is, you know, I think - was it Alan [Greenberg] who said that we put our fingers in our ears and just not listen, I’m sorry but that’s the pot calling the kettle black in that one because absolutely the same could be said; we are telling you that we do not have the ability or the means to do this and you keep saying to us no, but you must.
"So ultimately what I want to do is just ask the question, why? We are telling you that it is not possible for us to vindicate the rights of the data subject and therefore to save ourselves from liability. Why do you think that this is necessary for us to be compliant? We are saying that we have a level of compliance and comfort which is currently within the temporary specification as it is written, it’s not the best written but it is written that way, and we can confirm that today and say this is specifically going to allow us to be in line with the GDPR by giving us the option of whether or not we wish to delineate.
"And I just want to know why - so why can you not accept that? If you want to recommend that there needs to be a new policy development that will look into the creation of this brand new system, then recommend that. But that’s not what we are here to do today. It’s out of scope and should be shut down straight away. The temp spec, as it’s currently worded, allows us to be compliant. And I don't want to hear anything about this over-compliance concept. No, we are telling you that as contracted parties this is what we need to do to be compliant and I still don't understand why it’s being pushed constantly that we are the people who have to take this liability and risk on ourselves.
"We are trying to do something to continue the DNS, the ability to register names, and I just - I’m surprised especially by some of the parties who are pushing this as to why they're doing it. And that’s, you know, that’s a simple ask."--Thursday Nov 8, 2018, transcript (pdf), pp. 33-34.
The EPDP mail list continues to receive more input on the draft Initial Report, including this by Milton Mueller and this by Amr Elsadr. More on this past week's EPDP meetings in the updates on last week's News Review.

Note also on Data Protection & Data Privacy:
  • Prison time, hefty fines for data privacy violations: draft U.S. Senate bill--reuters.com.
  • ICYMI: Check out the "Tips for cleaning up WHOIS data" on  the Domain Mondo post this past week: Tucows $TCX Q3 2018 Earnings.
  • Uninformed Consent--Companies want access to more and more of your personal data — from where you are to what’s in your DNA. Can they unlock its value without triggering a privacy backlash?--HBR.org.
  • Information Fiduciaries” Must Protect Your Data Privacy--EFF.org.
  • CLV (customer lifetime value): a secret score that determines what kind of service you get--marketwatch.com.
  • Privacy: Google Chrome’s Users Take a Back Seat to Its Bottom Line--EFF.org.

2) ICANN News
graphic "ICANN | Internet Corporation for Assigned Names and Numbers"
a.  ICANN at IGF2018
 Internet Governance Forum 2018
13th Annual Meeting of the Internet Governance Forum (IGF), hosted by the government of France at the headquarters of UNESCO in Paris, Nov 12-14, 2018. ThemeInternet of Trust.
The ICANN Open Forum at IGF2018Monday, 12 Nov 2018, 10:40 to 11:40 CET. ICANN CEO Göran Marby, and ICANN Board Chair, Cherine Chalaby, will brief participants on ICANN's current areas of work, including what's on ICANN's agenda, the implementation of the GDPR and the Temporary Specification, and the main issues surrounding a potential new application process for generic Top-level Domains (gTLDs), and "IGF participants will be able to engage in an open dialogue and exchange views with ICANN's leadership." Listed speakers also include ICANN management Theresa Swinehart and Tarek Kamel, as well as ICANN Board member Becky Burr--ICANN.org.

b.  Contractual Compliance: Addressing Domain Name System (DNS) Infrastructure Abuse | ICANN.org: "... This week, ICANN launched an audit focused on DNS infrastructure abuse for nearly 1200 gTLDs, and held two audit webinars with the registries to address questions and concerns. Some of these concerns were also raised in a recent email [see below] from the Registries Stakeholder Group (RySG) ..."

Nov 2, 2018 email (pdf) from Registries Stakeholder Group to ICANN Compliance (Jamie Hedlund and Maguy Serad) re: November 2018 Registry Audit, excerpt:
"If ICANN continues to approach this security request for information as an “audit”, registries are required to provide information “reasonably necessary to demonstrate Registry Operator’s compliance.” Given that there are no contractual requirements specific to the form, timing or function of the “technical analysis” or registry “actions” taken, registries are not obligated in an audit to provide Compliance with information explaining how we identify security threats, why we do or do not report issues to registrars, or share analysis with other parties. In addition to removing the out of scope questions from this audit, we request that each audit question reference the specific contractual clause to which it pertains, so all parties can track the origin of each audit inquiry. The RySG appreciates that Compliance has scheduled webinars next week and looks forward to walking through each question in the RFI as well as the general scope and nature of the audit with you at that time."

c. 6 Nov 2018 Letter (pdf) from Cyrus Namazi, ICANN GDD VP, to Registrar Stakeholder Group Chair re: GDPR and Across-field Address Validation Working Group (AFAV): "... ICANN org acknowledges your concerns about the potential impact of GDPR on ICANN org’s implementation of AFAV. ICANN org will review the project again in light of the concerns you have raised. Once this analysis is complete, ICANN org will follow up with the AFAV working group to discuss next steps."

d. Annual Publication of Financial Information | ICANN.org.

e. Special Meeting of the ICANN Board 06 Nov 2018: Reconsideration Request 18-8: Afilias Domains No. 3 Limited [Editor's notedocument request related to new gTLD .WEB]:
Resolved (2018.11.06.02), the Board adopts the BAMC Recommendation on Request 18-8 (pdf) [excerpt below]:
"The BAMC has considered the merits of Reconsideration Request 18-8, and, based on the foregoing, concludes that ICANN org did not violate ICANN’s commitments, Core Values or established ICANN policy(ies) in the Second DIDP Response. Accordingly, the BAMC recommends that the Board deny Reconsideration Request 18-8."

3) Names, Domains & Trademarks
graphic "Names, Domains & Trademarks" ©2017 DomainMondo.com
a. New Star Wars and Marvel Series Announced for new Disney+ Streaming Service--thewaltdisneycompany.com Nov 8, 2018. The domain name? disneyplus.com.

b. Trademark Infringement, Cybersquatting, Declaratory Relief, Cancellation of Registration Complaint - CBS Studios Inc. vs Desilu Studios, Inc. et al (pdf) full embed below, excerpt:
"... II. PRELIMINARY STATEMENT 4. CBS is the holder of common law rights in the name and mark Desilu” for film and television productions (the “DESILU Mark”). Recently, Defendant Charles Hensley (“Hensley”) began attempting to secure trademark registrations for famous brand names that he believed were not formally registered with the United States Patent and Trademark Office (“USPTO”). In 2016, Hensley sought to register CBS’s famous mark “Desilu” for motion picture and television production services, and he also attempted to register the mark “Trans World Airlines” for airline services ..."



c. NTIA, Verisign & .COM Postscript (see last week's News Review for background): Why We Need The Domain Aftermarket by Bob Hawkes:
"... Verisign, as caretakers of the .com TLD, have an absolute monopoly on the world’s most desired and valued TLD ..."

4) ICYMI Internet Domain News 
graphic "ICYMI Internet Domain News" ©2017 DomainMondo.com

5) Most Read Posts this past week on DomainMondo.com: 
graphic "Domain Mondo" ©2017 DomainMondo.com

A Remembrance: 
Above left: 23rd U.S. Infantry in the Meuse-Argonne Offensive, the largest in United States military history, involving
1.2 million American soldiers, fought from September 26, 1918 until the Armistice of November 11, 1918.
It was one of a series of Allied attacks known as the Hundred Days Offensive, which brought World War I to an end.
Above right: the Meuse-Argonne American Cemetery in France.
On the battlefields of France in spring 1918, the war-weary Allied armies of France and Great Britain enthusiastically greeted the U.S. troops arriving at the rate of 10,000 a day under the command of U.S. General John J. "Black Jack" Pershing. The Americans won a victory at Cantigny, then again in defensive stands at Chateau-Thierry and Belleau Wood. By the summer of 1918, about 2 million U.S. soldiers had arrived in France, greatly strengthening the Allies' strategic position and boosting morale. The Allies achieved final victory on November 11, 1918, after German morale had collapsed, ending more than four years of World War.
U.S. General Pershing saluting the Marquis de Lafayette's Tomb in Paris
 "Lafayette, we are here." 
 * * * * * *
-- John Poole, Editor  Domain Mondo 

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DISCLAIMER

2018-11-10

Tech Review: 1) The Google Monopoly; 2) Credit Card Chips & Fraud

graphic "Tech Review" ©2017 DomainMondo.com
Tech Review (TR 2018-11-10)--Domain Mondo's weekly review of tech investing news with commentary, analysis and opinion: Features • 1) The Google Monopoly, 2)Credit Card Chips & Fraud, 3) Investing: The Week, Investing Notes, 4)ICYMI Tech News: Amazon, Apple, Alibaba, Crypto.

1) The Google Monopoly

CNBC International video above published Nov 1, 2018: Google has been fined record-breaking amounts by the European Commission for violating antitrust rules. Is Google a monopoly that needs to be broken up? CNBC’s Elizabeth Schulze explains from Brussels.

See also: The New York Times is digitizing its 5-7M photo archive using Google AI to recognize text describing the photos and will use Google's storage services--cnet.com.
 Google's European Dominance
 Android's Rise to Smartphone Dominance
 EU Hits Google With Record Antitrust Fine Over Android
Charts above courtesy of statista.com.

2) Credit Card Chips & Fraud

Fortune.com video above published Nov 5, 2018: Credit card chips fail to end fraud according to a new report.

3) Investing
graphic: "INVESTING"  ©2017 DomainMondo.com
The Week: NASDAQ Composite +0.7% | S&P 500 Index +2.1% | DJIA +2.8%
For the year:
  • The NASDAQ Composite is up 503.51 points, or 7.3%.
  • The S&P 500 is up 107.40 points, or 4%.
  • The DJIA is up 1,270.08 points, or 5.1%.
Wall Street's Charging Bull
graphic of Charging Bull | DomainMondo.com
Investing Notes:
  • Apple, Microsoft, Amazon, Google and Facebook have a combined market capitalization of $3.7 trillion, equal to Germany’s gross domestic product (GDP) last year--Tim Berners-Lee says tech giants may have to be split up--reuters.com.
  • China: "Chinese President Xi Jinping and his team did not get the midterm [Blue] wave they were hoping for. The Chinese side may once have had a fantasy that the midterm elections would force President Trump to back down on tariffs but there is little to nothing in the results that would lead Trump to change his approach to prosecuting his trade war with China, and in fact he may see reasons to redouble his efforts."-- Bill Bishop of Sinocism | Axios.comTrump and Xi will discuss trade issues when the two meet for dinner on the sidelines of the G20 leaders’ summit at the end of November in Buenos Aires, Argentina--reuters.com
  • Buffett's Berkshire doubles profit, repurchases $900 million stock in third quarter--reuters.com.
  • Move over Netflix: Disney says its new streaming service will be called Disney+ and will launch in the US in late 2019--cnbc.com.
  • Goldman Sachs ensnarled in vast 1MDB fraud scandal--NYTimes.com.
  • Hilarious How Wall-Street Crybabies Whine about the Fed’s QE Unwind after a Decade of “Wealth Effect”--Their “Everything Bubble” is being pricked “gradually,” and they don’t like it.--WolfStreet.com.

4) ICYMI Tech News:
graphic: "ICYMI Tech News" ©2017 DomainMondo.com
  • Amazon $AMZN is spending billions to win Indian shoppers--bloomberg.com. Also: Amazon plans to split HQ2 evenly between two cities--wsj.comAmazon.com Inc. said effective Nov 5, it would offer free shipping with no purchase minimum for the first time, this Christmas shopping season--reuters.com
  • Apple $AAPL: India iPhone sales to fall for first time in four years: researcher--reuters.comAmazon signs a deal with Apple--cnet.com--will start selling its latest devices, except the HomePod, in the US, UK, France, Germany, Italy, Spain, Japan, and India.
  • Alibaba $BABA cuts sales forecast on economic uncertainty, trade fears--reuters.comAlibaba Singles Day Nov 11, a major shopping extravaganza in China--cnbc.com video.
  • China's leading self-driving startups are betting on leveraging talent and capital in Silicon Valley--axios.com.
  • Tech CEOs Are in Love With Their Principal Doomsayer--The futurist philosopher Yuval Noah Harari thinks Silicon Valley is an engine of dystopian ruin. So why do the digital elite adore him so?--NYTimes.com.
  • Crypto: Policing the Wild West of Cryptocurrency--morganlewis.com. See also Bitcoin: New Asset Class or Pyramid Scheme? | cfainstitute.org.
  • Personal Tech: a. New MacBook Air threatens both MacBook and MacBook Pro with function keys--appleinsider.com; b. Files by Google: Clean up space on your phone--Google’s Files Go hits 30 million users and is getting a new name--theverge.com.

-- John Poole, Editor, Domain Mondo  

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DISCLAIMER

2018-11-08

Tucows $TCX Q3 2018 Earnings, Webcast, How To Submit Questions

$TCX
Tucows Inc. (NASDAQ: TCX, TSX: TC) reported its third quarter (Q3) 2018 financial results via news release on Wednesday, November 7, 2018 at 5:05 p.m. ET: News Release and Financial Statement (pdf). See also the 10-Q (pdf).

Management’s pre-recorded remarks (webcast) discussing the quarter and outlook for the Company are posted on the Tucows web site at http://www.tucows.com/investors/financials. [Editor's note: the management remarks are mostly about Ting.] See CEO Elliot Noss on Q3 2018 Results - Earnings Call Transcript | SeekingAlpha.com.

In lieu of a live question and answer period, for the next five days, until Monday November 12, 2018, shareholders, analysts and prospective investors can submit questions to Tucows’ management via ir@tucows.com

Management will post responses to questions of general interest to the Company’s web site at http://www.tucows.com/investors/financials/ on Friday, November 16 at approximately 4:00 p.m. ET. All questions will receive a response, however, questions of a more specific may be responded to directly.

Tucows Inc. is a publicly traded internet services (eNom, OpenSRS, Hover) and telecommunications (Ting.com) company, headquartered in Toronto, Ontario, Canada. It is the second-largest domain name registrar worldwide. Its brands include Hover.com, eNom.com, and OpenSRS.com, a platform for domain resellers, as well as Ting.com, a wireless MVNO and fiber ISP.

Principal domain: tucows.com
Investor Relations: tucows.com/investors/

See also Tucows Statement, May 28, 2018, on the ICANN Legal Action filed against Tucows affiliate EPAG Domainservices, GmbH. ICANN was subsequently adjudicated to be the "losing party" in that proceeding filed in Germany, involving application of the GDPR, including at the final appellate level.

Tips for cleaning up WHOIS data | EPAG.de excerpts:
To prevent personal data in an organization contact from being displayed in a public WHOIS, we recommend taking the following measures, where allowed by the relevant registry:
  • Use roles rather than personal names for Organization contact details. For example, instead of writing “John Doe” for the name ... use the role “Host Master” [or "Domain Administrator"].
  • Use role email addresses rather than personal email addresses. For example, instead of using “john.doe@company.com” for the email address, use a generic company email address like “info@company.com”.
  • Where possible, clean up existing contact data to remove personal data from any organization contacts.
  • Remind domain registrants of their obligation to provide you with correct data and to keep that data up to date. This will ensure that the registrant is able to manage their consent preferences using the contact email provided with the domain order.
  • These tips give registrants the added advantage that their organization is not reliant on a particular person (for example during a transfer), should that person be out of the office or no longer employed by the company.
source: https://www.epag.de/en/tips-for-cleaning-up-whois-data/

For an example of the above see https://www.whois.com/whois/microsoft.com.

Additional resources:





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DISCLAIMER

2018-11-07

Election 2018 LIVE, US Senate and House Results Could Affect Markets

FRANCE 24 Live

France 24 LIVE (in English). See also New York Times Election Results LIVE: House and Senate.


feedback & comments via twitter @DomainMondo


DISCLAIMER

2018-11-06

GoDaddy $GDDY Q3 2018 Earnings LIVE Webcast, Nov. 6, 5pm ET

GoDaddy Inc. (NYSE: GDDY) (principal domain: godaddy.com), the world's largest domain name registrar and "cloud platform dedicated to small, independent ventures," third quarter (Q3 2018) financial results release Tuesday, November 6, 2018, after the stock market close.

UPDATE: Earnings Release (excerpts below) (pdf), and Presentation (pdf).
• Total revenue of $679.5 million, up 16.7% year over year.
• Total bookings of $741.8 million, up 11.0% year over year. 
• Net cash provided by operating activities of $154.0 million, up 17.2% year over year. 
• Unlevered free cash flow of $175.6 million, up 28.0% year over year. 
• Customers of 18.3 million as of September 30, 2018, up 6.7% year over year. 
• Average revenue per user (ARPU) of $145, up 8.6% year over year. 
• Domains revenue of $309.5 million, up 14.0% year over year. 
• Hosting and Presence revenue of $263.2 million, up 16.5% year over year. 
• Business Applications revenue of $106.8 million, up 25.9% year over year. 
• International revenue of $236.0 million, up 19.1% year over year.

See also: GoDaddy misses by $0.10, beats on revenue--SeekingAlpha.com.

UPDATE: Earnings Call Transcript | SeekingAlpha.com.
GoDaddy management will hold a conference call and LIVE webcast Nov 6, 2018, 5:00 p.m. ET to discuss Q3 2018 results. To hear the call via telephone, dial (866) 393-4306 in the United States or (734) 385-2616 from international locations, with passcode 7294718. Following completion of the call, a recorded replay will be available on the investor relations website at https://investors.godaddy.net.
$GDDY
About GoDaddy (source: GoDaddy): "with 18 million customers worldwide and 77 million domain names under management, GoDaddy is the place people come to name their idea, build a professional website, attract customers and manage their work. Our mission is to give our customers the tools, insights and the people to transform their ideas and personal initiative into success." 


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DISCLAIMER

2018-11-05

Amazon & UK Tech Tax Are Winners says 'Incendiary' Scott Galloway

Should Prof G Tone it Down?

L2inc video above published on Nov 1, 2018, on Scott Galloway's Digital Winners & Losers.  Winners: 1. Amazon private label furniture brands Ravenna, Rivet, Stone & Beam; 2. United Kingdom (government) for 2% tax on tech giants' top-line revenue.

55 Percent of Online Shoppers Start their Product Searches on Amazon--Recode.net, Sep 2016.
After attracting comment trolls following an appearance on Fox Business, Scott Galloway worries that he’s crossed the line between provocative and incendiary. Below is the video of Galloway on Fox Business via YouTube--Provocative or Incendiary?

Scott Galloway on Fox Business:

Fox Business video above published Oct 25, 2018: NYU Stern Professor Scott Galloway on concerns over the impact of Facebook and its management team.

Galloway says in the video:
Sheryl Sandberg is "one of the most dangerous, damaging executives in the history of business." 
“You’ve heard the term lipstick on a pig. Mark Zuckerberg and Sheryl Sandberg are lipstick on cancer.”
“If these individuals [Zuckerberg and Sandberg] weren't so likable they would have been out a long time ago and District Attorneys would be talking about bringing charges of criminal negligence. This management team will go down in history as one of the most dangerous and damaging management teams in the United States.”
 Provocative or Incendiary? 

Galloway speaks highly of Facebook and its management in this Oct 2015 video below @4:32:

Oct 19, 2015: Scott Galloway of NYU Stern School of Business talks with Betty Liu about why Yahoo should be sold, the e-commerce strength of Amazon, and the juggernaut that is Facebook. He appeared on "Bloomberg Markets."

Transcript of first video above:
00:00  a loser Furniture brands as Amazon has
00:05  launched a new private label brand its
00:07  third this week Ravenna home the day of
00:10  the announcement e-commerce home goods
00:12  company Wayfair saw its stock shed six
00:15  percent of its value wait there's more
00:17  pain to come Amazon launched two
00:19  furniture brands last year Rivet and
00:21  Stone & Beam all three feature the
00:23  Amazon Prime badge meaning free shipping
00:26  and free returns I'm launching my own
00:29  furniture brand called cialis home
00:31  living the more you use it the older it
00:33  gets the harder it feels okay so it's
00:38  the beginning of the end for Wayfair
00:39  perhaps with more than half of consumer
00:42  searches for products starting on Amazon
00:43  and global online furniture sales expected
00:46  to grow at an average rate of 12
00:48  percent over the next four years this
00:50  might be another great move for Amazon
00:53  who sits on top of every piece of data
00:55  outsources the crappy parts of the
00:58  e-commerce echo system and then moves in
01:00  on the white meat of e-commerce the high
01:02  margin high-volume sector a winner the
01:06  United Kingdom whose government unveiled
01:07  plans this week to introduce a two
01:09  percent tax on top-line revenue
01:11  registered by big tech estimates place
01:14  the potential gains from the tax at four
01:17  hundred million pounds or about five
01:19  hundred and ten million u.s. dollars is
01:21  this enough the average corporate tax
01:23  rate in the United Kingdom is 19% close
01:26  to the recently reduced US federal
01:28  corporate income tax rate of 21%
01:30  however in 2017 amazon reported paying
01:33  two point three percent in tax to the
01:35  british government while in america the
01:37  seattle giant paid effectively zero
01:39  federal tax in 2017 what happens when
01:43  the most successful companies in the
01:46  world pay less than their fair share of
01:48  taxes simple everyone else pays more the
01:51  UK tax is a step in the right direction
01:53  but a small dent compared to their
01:55  impact on the economy and wages over the
01:58  years this is simple complexity or a
02:00  complex tax code favors the wealthy
02:03  favors the organizations with large
02:06  sg&a budgets and the UK has said ok big
02:09  tech your tax lawyers are smarter than
02:11  our tax authorities and begin taxing them
02:13  on the top line. A loser the United
02:16  States -- pipe bombs people being murdered
02:18  in their place of worship it feels that
02:20  we are the Frog that wakes up and
02:22  realizes it's in boiling water what is
02:25  each of our roles and what has become an
02:28  incredibly coarse dialogue in our nation
02:31  I go on CNBC CNN and Bloomberg and all
02:34  the other business television shows and
02:35  now go on Fox as I wanted to get out of
02:38  my bubble
02:38  however most recently I was on with
02:40  Stuart Varney of Varney & Co I think
02:42  Stuart is a fantastic host and in
02:45  general like the people a lot at Fox
02:46  what was disturbing was my segment was
02:50  then posted on YouTube and the people
02:52  here did an analysis of the top comments
02:55  so some of those results and they are
02:57  very very disturbing approximately half
03:00  of the results had some sort of
03:02  misogynistic or anti-semitic tone we
03:05  analyzed these top segments and found
03:07  that some of the comments were
03:08  especially vile concerning Ms. Sandberg
03:11  have I crossed the line from being
03:13  provocative to incendiary is the
03:16  question that I'm asking myself while
03:18  these comments don't seem to happen on
03:20  CNBC or CNN am I going into a room
03:23  knee-deep in gasoline and passing out
03:26  lighters to arsonists or is it just that
03:29  bad actors have decided to weaponize Fox
03:32  or put greater efforts into weaponizing
03:33  Fox versus the other networks I don't
03:36  know but it's an honest question I have
03:38  decided that I am going to tone it down
03:41  that this is the new me and I'm going to
03:44  be a little less incendiary
03:47  [Music]

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