SUNDAY NEWS ROOM #10 – FACEBOOK, BLABLACAR, QONTO, SNAPCHAT & AMAZON
– SEPTEMBER 30 – SUNDAY NEWS ROOM
Have you missed last week’s most important Info?
Read on for my 4 hand picked headlines of the week!
You will now be ready to start Monday fully informed and will be able to handle this week’s meetings with some chitchat.
#Social Media #blablacar #Fundraising #FACEBOOK #Snapchat #amazon #influencer #coworking #quonto #ecommerce
News #1 Facebook: a security breach concerns 50 million users
90 million Facebook users forced to reconnect because of a security breach.
Since the outbreak of the Cambridge Analytica scandal, Facebook has been more transparent with its users and reports the flaws discovered by its engineers.
Today, the number one social network reports one that affects 50 million people. “We take this extremely seriously and we wanted everyone to know what happened and the immediate steps we took to protect people’s safety,” says Guy Rosen, VP of Product Management. The latter indicates that his investigation is still in its infancy. Nevertheless, some information is already published by the social network.
According to Facebook, it is clear that hackers exploited a vulnerability of the “See as” feature that allows you to see what a Facebook profile looks like when visited by someone else. This vulnerability allowed hackers to steal Facebook access tokens that can be used to control user accounts on the social network.
The vulnerability has already been repaired
And Facebook has already informed the police. In addition, the social network has also revoked the access tokens of 50 million affected accounts as well as those of 40 million accounts that have just used the feature over the past 12 months. “As a result, about 90 million people will need to reconnect to Facebook or one of their applications using Facebook Login,” says Rosen. “After logging in, users will receive a notification at the top of their news feed to explain what happened. Finally, Facebook is temporarily turning off the feature that caused this vulnerability.
On the other hand, the consequences of this vulnerability are not yet known. “As we have just started our investigation, we have not yet determined whether these accounts were misused or whether information was accessed. We do not know who is behind these attacks or where they are based. We are working hard to better understand these details – and we will update this post when we have more information or if the facts change. In addition, if we find more accounts assigned, we will reset their access tokens immediately, “says the Facebook manager.
In addition to apologizing for what happened, Facebook also indicates that you do not need to change your password.
News #2 Unicorn BlaBlaCar Announces Profitable for the First Time in 12 Years
After twelve years of existence, the startup BlaBlaCar announced that it was profitable for the first time since its creation.
In a statement dated September 25, French BlaBlaCar announced that it had now reached its break-even point. In fact, he can say “today that the company is profitable on 2018 to date”, a figure partly due to an increase in growth of 40% of its activities compared to 2017.
This important step is also the result of the internationalization of the carpool platform between individuals. Indeed, the young growth counts a total of 65 million members for 22 countries: by comparison, it is as if (almost) all the French population used the service of BlaBlaCar. In France, the latter has a total of about 15 million members. Regarding users, Frédéric Mazzella, founding president says: “today, 40% of 18-35 year olds in France are carpooling on BlaBlaCar” but “seniors […] have become the fastest growing segment, their proportion having doubled in six years “.
Diversification for BlaBlaCar
As BlaBlaCar explains, “more than 20% of its business in France” comes from journeys made from a home rather than from a traditional carpooling hub. At the beginning of the current year, the startup also launched BlaBlaLines, an application dedicated to journeys from home to work. A few months after its commissioning, there is no doubt that the solution is a great success while participating in the diversification strategy of BlaBlaCar.
Nicolas Brusson, co-founder and CEO adds: “Achieving profitability is an important step for BlaBlaCar, which illustrates that fast-growing unicorns are part of a sustainable economic reality. Let’s not lose sight of the fact that our growth will continue to be driven by innovation, diversification and internationalization. We therefore remain primarily in an investment phase.
As a reminder, BlaBlaCar joined the circle of unicorns in 2015, during which time it was valued at more than 1.6 billion dollars (1.4 billion euros) after a fundraising of 200 million dollars. At the time Frédéric Mazzella had said: “It is not so much the valorization that the concept of unicorn is important. This means that our investors believe that we have a potential in the digital that will come true.
News #3 Neobanque Qonto raises 20 million euros to enter the European market
The young Qonto has announced that it has raised 20 million euros, an amount that will allow it to develop its offer on the European market.
While it was founded just a year ago, the Qonto NeoBank said it had raised 20 million euros from its historical investors. In fact, the investment funds Alven and Valar – a fund designed by Peter Thiel, co-founder of PayPal – as well as the European Investment Bank (EIB) participated in this tour de table.
Qonto wants to recruit and expand in the European market
With these funds, Qonto’s projects should lead to a launch in several European countries as well as a large recruitment. In fact, the Neobanque plans to make its arrival in other countries, like Germany, Spain and Italy as early as 2019. Aimed at entrepreneurs, VSEs and SMEs, the young plant indicates in a statement: “This fundraising gives us the means to accelerate our growth, and to become the unavoidable alternative to traditional banks for European companies”. Regarding the market in Europe, it would be nearly 30 billion euros, according to James Fitzgerald, Partner at Valar. A competitor on the Shine platform, Qonto employs some 90 people to date, but plans to use part of the fundraising amount to recruit as many as 100 new employees in the next twelve months.
To date, Qonto claims to work with nearly 25,000 French companies for a total of approximately 1.7 billion euros in transactions.
As a reminder, the NeoBank has recently been approved as a payment institution by the French Prudential Supervisory and Resolution Authority (ACPR). Given that it is the first of its kind to receive this accreditation, it should be able to complete its services quickly. Thus, more partnerships and flexibility will be offered, but it will also be easier to launch its expansion in Europe, as well as internationally.
News #4 Snap and Amazon join forces in e-commerce
Snap and Amazon are collaborating to provide a feature that helps identify items on the social network camera.
Soon, a new money back for Snapchat? This week, the social network formalizes a partnership with Amazon that will allow users of Snapchat’s camera to use it as a kind of Shazam for items on sale on the e-commerce site.
How it works ? If a user points the camera at an object or a barcode, and makes a long press on it, the application can recognize the object or barcode. Then, a map appears with a presentation of the article on Amazon or with suggestions for similar articles, as well as links to the Amazon.com site or links to the mobile application of the e-commerce giant.
“Snapchat has always been the fastest way to communicate, and now it’s the fastest way to shop! “Says the social network team.
Snap-commerce on mobile
The feature might be reminiscent of the Google Lens app, but it’s mostly a way for Snapchat to enter the world of e-commerce while its competitors, Instagram and Pinterest, have just launched features related to this sector. .
On the other hand, this should allow Snap to generate additional revenue. If one does not know how Snapchat benefits financially from this agreement with Amazon, generally, Jeff Bezos’ company pays 1 to 10% of the value of the purchase to websites that participate in its affiliate programs.
Otherwise, as the Los Angeles Times notes, Amazon already offers a similar feature on its mobile application. However, by collaborating with Snapchat, he reaches a new audience, especially in the United States. A recent Pew Rseserch Center study found that 78% of young Americans aged 18 to 24 use Snapchat.
But for now, the new Snapchat feature is only available to a small portion of its users. “We will deploy it slowly, but we wanted to announce it to everyone at the same time,” reads a note.