Even as Silicon Valley’s technology companies speak out against the U.S. government’s surveillance methods, they are turning a handsome profit by mining personal data and peering into people’s online habits. The industry’s profit machine has become tarnished by revelations that the National Security Agency digs deep into the everyday lives of Web surfers
If you thought that the days of Samwer brothers e-commerce investments with the eBays and Groupons of the world were over, think again. Today, their Berlin-based incubator Rocket Internet announced a new and strategic investment partner, the UK physical and online retail giant Tesco. Tesco, which is the world’s second-largest retailer by revenues (after Walmart) will now work in “close cooperation” with the brothers’ incubator.
Major technology companies, stung by revelations that the U.S. government collects people’s personal data on their networks, on Monday issued an open letter to President Barack Obama asking for tighter controls on surveillance. As part of a global campaign to reform data collection, Google, Facebook, Apple and others said concerns over national security should be weighed against individual rights