Tech Brew Ride Home Tue. 02/04 - Tech Is the Angle In Iowa
Feb 4, 2020
YouTube's staggering $15 billion annual revenue is finally revealed. The Iowa caucus debacle underscores the chaos caused by tech failures in political processes. A troubling technical glitch in Google's Takeout service raises privacy alarms by leaking users' videos. Mastercard's exit from Libra highlights shifting corporate strategies amid regulatory scrutiny. Meanwhile, Asana's plans for a public listing and razor startup Harry's legal battles showcase the evolving landscape of tech and finance.
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YouTube's Financial Impact
- YouTube generates significant revenue, contributing nearly 10% of Google's total business.
- It's a $15 billion business, about 20% the size of Facebook's ad business.
Iowa Caucuses App Debacle
- A tech company affiliated with Acronym, a Democratic digital nonprofit, developed the faulty Iowa caucus app.
- The app, meant to streamline reporting, caused significant delays and problems.
Google Photos Takeout Glitch
- Google Takeout had a bug where some users' videos were sent to strangers.
- Less than 0.01% of users were affected, but that's still a large number given Google Photos' vast user base.