CEO Mark Zuckerberg now owns more of his company

CEO Mark Zuckerberg now owns more of his companyAccording to a new SEC filing, Facebook founder and CEO Mark Zuckerberg now owns 29.3 percent of Facebook’s Class A shares, more than he owned when the company went public last year.

At IPO time, Zuck owned a 28.2 percent stake. At current market value, the CEO’s stake is worth $13.6 billion.

Thanks to stock and option-based compensation, the founder increased his stake over the last year.

Despite having far and away the most votes in the company, Zuckerberg only owns about 20 percent of the company thanks to different types of voting shares.

Facebook has a market value of $67 billion.

Nova Scotia to adopt new cellphone contract policies May 1st

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Back in April John MacDonell, Service Nova Scotia and Municipal Relations Minister, proposed to bill to legislation that would help those wireless customers who “feel trapped in their cell phone contracts.” The details were similar to Quebec’s Bill 60 and Manitoba’s Bill 35 where carriers would have to advertise the minimum monthly costs of a wireless plan, plus cap the cancellation fees at $50.

Over the past few months several Canadian carriers have revised their wireless contracts to ensure they are easy to read and understand, plus some have axed the activation fee and reduced the high cancellation costs. However, on Friday, the province of Nova Scotia followed through on their commitment to the community and declared that cellphone contracts will be “fairer” effective May 1st.

According to the press release “The province is addressing Nova Scotians’ concerns about cellphone contracts with changes announced today, Feb. 15. The Consumer Protection Act regulates cellphone contracts and protects consumers who enter into, or renew, contracts beginning May 1.” The following changes will be implemented:

– Cellphone companies must provide more information about minimum monthly costs and include it in advertising.
– Providers will not be able to change major parts of a contract, including services, costs, fees or locations where the phone can be used, without consumers’ permission.
– Consumers will also be able to cancel their contract at any time.
– Nova Scotians who are unhappy with their service and decide to change providers could pay as little as $50 to cancel contracts.
– Consumers will still be responsible for buying out equipment if they cancel early.
– The amendments only apply to consumer contracts signed after the regulations come into effect May 1.
– Consumers are encouraged to be sure they understand contracts before signing.

Source: Nova Scotia
Via: CH

Skype Video Messaging now live for iOS, Android and Mac

Skype Video Messaging now live for iOS, Android and MacMicrosoft has launched their Skype Video Messages feature to iOS, Android and Mac.

The company has been working on the update since last year, and even accidentally leaked some features late in 2012.

Video Messages allows Skype users to send up to 3 minutes of video to each other, and can be used online or off.

You can use either the front or rear camera on your Android or iOS device, and the video will be delivered to the chat portion of Skype. For Macs, it is exactly the same except users will have the option to download the message.

When asked about availability for Windows 8, Microsoft says (via Verge): “We’re pleased that there’s interest for Video Messaging to come to Skype for Windows and Skype for Windows 8. It should be available by the end of April.”

The feature is part of Skype Premium. Non-premium members will get 20 free video messages before being asked to upgrade to the $5 per month Premium service.

Flashback Friday: When did you realize you were a smartphone addict?

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According to a recent IDC survey, 91% of Canadian smartphone owners keep their devices in reach 100% of the time. Think about that statistic for a moment. There are roughly 21 million smartphones in use Canada, with a 59% adoption rate across the carriers. Nineteen million Canadians are never more than a few steps from their handset(s).

We’ve all been there: that moment, perhaps months or years after the purchase of your first smartphone, when you realize you’re completely, hopelessly addicted to that device in your pocket or your purse. For most people, it is a gradual, insidious change of behaviour; half an hour a day turns into an hour that becomes several. Where once you may have been able to ignore the flashing red light, you are now summoned to it like a salivating dog after kibble.

When was that first moment for you? I think, for me, it was when I discovered the custom ROM scene on Android. The day after I brought home a Motorola Milestone, hearing about all the things you could do with a rooted device — like jailbreaking on steroids. Unlike the Verizon Motorola Droid, which shipped with an unlocked bootloader, the Milestone was very much a baby of the carriers, completely locked down. I spent hours on XDA-Developers parsing instructions, reading tips and tricks, attempting to root that sucker. I slept little that night, and there have been others like it since, the attraction of breaking down a device’s OEM-imposed barriers too tantalizing to resist.

Cellular phones have changed our lives; we can’t remember a time when it wasn’t possible to make a call from anywhere, and many take for granted that, instead of reading a book on the way to work, there is always a few minutes for Subway Surfer or Words With Friends. And when you’re sitting in a nice restaurant and your phone vibrates in your pocket, don’t tell me there hasn’t been a moment of panic as you wondered whether it was important enough to risk being considered rude.

Smartphone addiction shouldn’t be dismissed, either, despite the levity of the preceding paragraphs. It can cause real, substantive harm to a person’s life. But that’s not for this column; we are all slaves to our phones, but hopefully, at the end of the day, we are still in control.

Auto-play video ads are coming to your Facebook news feed

Auto-play video ads are coming to your Facebook news feedFacebook CMO David Fischer has confirmed; auto-play video ads may be coming to your news feed soon.

While the exec admitted that the ads can be distracting, he says “I believe there are ways we could do it.”

Fischer, speaking at this week’s Future Of Media Keynote, says businesses have been asking for ways to include more “attention-grabbing” ads, moving beyond a simple sidebar or news feed text and picture ad.

When asked if the company admired how any other company worked with video ads, he surprisingly gave props to Facebook’s biggest competitor, Google. “You know I think YouTube has moved in the right direction by putting more control in the user’s hands, with the five-second TrueView thing.” TrueView are the ads on YouTube that allow the user to skip after 5 seconds. Businesses only get charged if viewers watch the whole ad.

Fischer was then asked how the ads could be incorporated to the News Feed: “I believe there are ways we could do it. There are ways that could be destructive and distracting to the user experience. But there are ways that could potentially balance user experience with advertiser experience. We haven’t put a product out yet because we haven’t had one we’re comfortable with. But if we could, then we would do it.”

iOS 6.1.2 reportedly coming next week to fix Exchange and passcode breach bugs

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The rollout of iOS 6.1 hasnt gone as smoothly for Apple as the company would have liked.

Not only did the initial release introduce a number of security issues and battery problems, in addition to a wallop of a 3G connectivity bug for iPhone 4S users in Europe, the follow-up version, iOS 6.1.1 released last week, introduced a bunch of new issues.

iPhone users are still reporting Exchange connectivity bugs, so severe that Microsoft is suggesting affected devices be booted from the server so as not to slow down the rest of the network. And those running iOS 6.1.1 can also now bypass the passcode screen by initiating an emergency call and then depressing the power button twice. This is the same bug that affected iOS 2.1 and 4.1 (really, Apple!), and can pose a security threat if a phone is lost or stolen.

Apple will reportedly release a hotfix version, iOS 6.1.2, next week to restore the OS to working order. The company has updated its support page to address the Exchange bug.

Source: Apple, Ars Technica

Rogers President and CEO will retire January 2014


This news is a bit of a shocker. Nadir Mohamed, President and Chief Executive Officer of Rogers, has decided to retire from company effective January 2014. Mohamed took on this role on March 30th, 2009 and there was no specific reason in the press release for his departure, only that he’s ensured that “the company’s in great shape and it’s time to start the transition to the next generation of leadership. Over the next year I look forward to delivering strong results and to ensuring a seamless transition.” Rogers Board of Directors will be appointing a search firm to find a new President and CEO, but stated that both Edward Rogers or Melinda Rogers will not be gunning for the position.

Mohamed said “the Company has a seasoned executive team, the best asset mix in North America, the most advanced networks and the best platform to lead and drive the next wave of growth. The company’s in great shape and it’s time to start the transition to the next generation of leadership.”

Source: CNW

Jim Balsillie, former RIM CEO, has dumped all of his BlackBerry shares

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In a filing with the SEC released today, former RIM co-CEO Jim Balsillie has revealed he no longer owns any shares of a company he helped found.

As of December 31st, 2012, Balsillie had zero shares in RIM; he owned 26.8 million on December 31st, 2011. But after being outed as CEO alongside longtime partner Mike Lazaridis, Balsillie recused himself from any responsibility in the company’s future. He maintained a position on RIM’s board of directors for some time and independently stepped down in March of last year; Lazaridis is still vice-chair of the board, and was present at the BlackBerry 10 launch. Balsillie, on the other hands, was nowhere to be found.

Balsillie now has no formal connection to the company he helped, at its height, find so much success and, during its darkest days, was accused of ruining.

Source: SEC
Via: CNET