Brought to you by Soothe… routine body maintenance.
How much are you sharing when you swipe?
A new report from security researchers at Checkmarx revealed a couple of major vulnerabilities on Tinder that make it fairly simple for an attacker using the same wifi network as a user (AKA, someone at your local coffee shop) to monitor their every swipe and control the profiles a user sees.
It’s not a matter of credit theft or financial threat. We’re talking about the kind of stuff that’s used for blackmail: people cheating on their significant others, sexual orientation, even *hushed voice* nuuudeees…
You down with HTTP?
One of the main weaknesses stems from the insecure, unencrypted “HTTP” connection Tinder uses to load profile pictures.
This makes it possible for a hacker to essentially “look over your shoulder” at who you’re seeing and how you’re swiping — and allows them to swap in images of their choice, like ads or other inappropriate content.
Implementing a basic HTTPS encryption for Tinder’s platform isn’t exactly “cutting-edge” security technology, it’s standard fare (75% of Google Chrome’s web traffic on Mac is encrypted).
Yet, other dating apps have the same issues
Turns out, popular gay dating app Grindr has the same security flaw with its images, plus one that allows third parties to track the app users’ location down to the foot, even if they opt out of location sharing in the user settings.
Grindr’s case is particularly concerning given its $254m buyout by Chinese technology firm the Kunlun Group. The Chinese government is notorious for stealing data from its citizens and businesses — and Grindr isn’t exactly making it hard for them.
You know who doesn’t have that problem? Pornhub.
That’s right folks, the adult streaming site takes their position as the 36th most visited site in the world preeetty seriously — as of last March, all their pages (and those of sister company YouPorn) are encrypted by default.
“It is our duty to ensure the confidentiality and safety of our users,” said Brad Burns, VP of YouPorn. That’ll do Brad, that’ll do.
Swiper no swiping
Elon Musk: I’m not going to pay myself until Tesla hits absolutely insane benchmarks
Yesterday, Tesla announced a 10-year performance plan for CEO Elon Musk… and in classic Muskian fashion, it’s a little out there.
According to the company, the big boss’s compensation package will be “entirely contingent” on whether Tesla reaches a series of astronomical financial milestones, including a $650B valuation.
It’s a “100% at-risk performance award” — and if Elon manages to hit his goals, he could add as much as $55B to his net worth.
The fine print
Tesla’s set 12 big targets for Musk to hit, each consisting of both market cap and operational goals. For each target hit, he’ll be permitted to vest 1.69m Tesla shares (or 1% of the company). If he fails to reach his goals, he won’t be compensated at all.
The market cap targets will increase in $50B increments, with the ultimate goal of a $650B market value.
Tesla’s current value sits around $59B — which would make them one of the 5 largest companies in the US if they reach their goal. A little lofty…
But hey, it’s worked for Musk in the past
Back in 2012, the Elon-gator rigged up a similar payment plan for himself, contingent on hitting 10 valuation benchmarks in $4B increments. People thought he was crazy at the time — but then he hit 9 of the 10 and increased Tesla’s market cap by 17x.
This time around, the stakes are higher: Musk needs that payout if he wants to hit some of his personal goals… like building a hyperloop and putting people on Mars.
Content, ConTENT, CONTENT. In a world of too many channels, too many platforms, and too many channels of platforms, the golden age of on-demand content is upon us — and Netflix is leading the charge.
With a better than expected Q4, the binge-worthy network blew past Wall Street’s projections on Monday with a late-night share surge of more than 10%, putting them into a very exclusive club: they are now one of only 59 companies in the S&P 500 worth at least $100B ($110B, to be exact).
A monster Q4
Netflix added more than 8m net subscribers to end the fiscal year (the highest in the company’s history), trouncing their projection of 6.3m.
They also made $3.29B in revenue, even after reporting a $39m loss in unreleased content and raising their prices 10% last year — a move Netflix (incorrectly) predicted may cost them subscribers.
Dang, Netflix, what’s your secret?
With premium content comes premium subs
Netflix’s current subscriber base equates to almost half of all US homes, and they’re still growing. They expect a growing international base to help boost their earnings to $3.6B in Q1, and by a full $1B on the year.
The company credits their subscriber increase to their “original content slate.” With fan favorites like Stranger Things, and a recent oscar nom for Mudbound, their highly expensive productions are proving to be worth the price hikes.
They now trail behind Miller Lite at number 4, and it’s clear people just aren’t diggin’ Bud heavy like they used to.
Wine, spirits, and craft
Budweiser (and “big beer” in general) has been quietly losing steam for years: amidst a flourishing wine and spirits industry and the rise of craft beer, the top 10 beer brands have floundered, now making up only 50% of the industry — down 16% in the last decade.
Getting back to Bud: In 2016, Anheuser-Busch sold less than ⅓ the Budweiser it did during its reign in the ‘80s, and their revenue dropped another 2.2% in Q3 of 2017 from poor US sales.
Because of those dang millennials
Remember back in 2016 when Budweiser rebranded as ‘America?’ That was their last hope to grab millennials’ attention… and, well, it didn’t.
Two months after the launch, only 11% of adults 21 and over said they would purchase Bud heavy next time they buy beer — their lowest figure that year, and according to UBS data, millennials were even “less likely” than the rest of the US to recommend Budweiser.
Simply put, the “‘Merica’s the best!” sentiment just isn’t as strong among youngsters as it was in the ‘80s (or even ten years ago), but ol’ deaf-ears Buddy-Bud isn’t listening.
For the less social savvy among us, let me translate: It’s Wednesday, and that means everybody who’s anybody is posting pictures of women they admire on social media for “Woman Crush Wednesday.”
Pretty cool, but we wanted to celebrate our #WCWs IRL. So, we decided to bring 2X — a storytelling series featuring amazing women who are making an impact in the world of business and beyond — to 7 cities in 2018.
Now we’re launching #2XSTRONG, a social media campaign designed to tell the world about women who inspire us. Because after all, if you start a movement and no one’s around to ‘gram it, did it really happen?
Here’s what ya gotta do:
Think of a lady who inspires you — be it your mom, your boss, a celebrity, or yourself.
Show ‘em some love. Post their photo on Instagram, Facebook, or LinkedIn with the hashtag #2XSTRONG. We’re following along and will re-post some of them along the way.
And if you wanna meet some of these incredible people in person, come to 2X.
– Kera, Chief ‘Gram Officer at The Hustle
This edition of The Hustle was brought to you by
60hr work week got you feeling tense?
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