Surveillance Giants: How the Business Model of Google
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Big Tech Dominance (1): the New Financial Tycoons
Paul-Adrien HYPPOLITE Antoine MICHON BIG TECH DOMINANCE (1): THE NEW FINANCIAL TYCOONS December 2018 fondapol.org 2 BIG TECH DOMINANCE (1): THE NEW FINANCIAL TYCOONS Paul-Adrien HYPPOLITE Antoine MICHON 3 The Fondation pour l’innovation politique is a French think tank for European integration and free economy. Chair: Nicolas Bazire Vice-chair: Grégoire Chertok Executive Director: Dominique Reynié Chair of Scientific and Evaluation Board: Christophe de Voogd 4 FONDATION POUR L’INNOVATION POLITIQUE A French think tank for European integration and free economy The Fondation pour l’innovation politique provides an independent forum for expertise, opinion and exchange aimed at producing and disseminating ideas and proposals. It contributes to pluralism of thought and the renewal of public discussion from a free market, forward-thinking and European perspective. Four main priorities guide the Foundation’s work: economic growth, the environment, values and digital technology. The website www.fondapol.org provides public access to all the Foundation’s work. Anyone can access and use all the data gathered for the various surveys via the platform “Data.fondapol” and the data relating to international surveys is available in several languages. In addition, our blog “Trop Libre” (Too Free) casts a critical eye over the news and the world of ideas. “Trop Libre” also provides extensive monitoring of the effects of the digital revolution on political, economic and social practices in its “Renaissance numérique” (Digital Renaissance) section. Additionally, reflecting the Foundation’s editorial policy, our blog “Anthropotechnie” aims to explore new avenues prompted by human enhancement, reproductive cloning, human/machine hybridization, genetic engineering and germline manipulation. -
Discounted Cash Flow Valuation of Facebook Inc
DISCOUNTED CASH FLOW VALUATION OF FACEBOOK INC. RAKSINA KOOKASEMKIT A THEMATIC PAPER SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF MANAGEMENT COLLEGE OF MANAGEMENT MAHIDOL UNIVERSITY 2018 COPYRIGHT OF MAHIDOL UNIVERSITY ii ACKNOWLEDGEMENTS I would like to take this opportunity to express my deep gratitude to Asst. Prof. Dr. Nareerat Taechapiroontong, my research advisor, for her valuable advice and support academically and morally. I would also like to thank Asst. Prof. Dr. Piyapas Tharavanij for his insight and knowledge. My grateful appreciation is also extended to Ajarn Vasan Siraprapasiri for providing knowledge and guidance in keeping my progress on schedule. I respect Dr. Nareerat, Dr. Piyapas and Ajarn Vasan for their knowledge, dedication and kindness for students. I am truly thankful from my heart. Most importantly, I would like to thank my family and all family members for their life-long support and encouragement in making this journey a success. I wish to dedicate my profound recognition to my father, my mother and my husband for their unconditional love, inspiration and guidance. Raksina Kookasemkit iii DISCOUNTED CASH FLOW VALUATION OF FACEBOOK INC. RAKSINA KOOKASEMKIT 5549271 M.M. (FINANCIAL MANAGEMENT) THEMATIC PAPER ADVISORY COMMITTEE: ASST.PROF. NAREERAT TAECHAPIROONTONG, Ph.D., ASSOC.PROF. TATRE JANTARAKOLICA, Ph.D., ASST.PROF. PIYAPAS THARAVANIJ, Ph.D. ABSTRACT This thematic paper demonstrated how to value the stock price specifically Facebook INC. (FB) in which the framework of discounted cash flow to firm (DCFF) are applied. The process starts with creating a forecast, calculating a reasonable valuation and recommending to buy/hold/sell the company stock. -
“Where the Internet Lives” Data Centers As Cloud Infrastructure
C HAPTER 3 “Where the Internet Lives” Data Centers as Cloud Infrastructure JN OEN IFER H LT AND PATRICK VONDERAU mblazoned with the headline “Transparency,” Google released dozens of Einterior and exterior glossy images of their data centers on the company’s website in 2012. Inviting the public to “come inside” and “see where the In- ternet lives,” Google proudly announced they would reveal “what we’re made of— inside and out” by offering virtual tours through photo galleries of the tech- nology, the people, and the places making up their data centers.1 Google’s tours showed the world a glimpse of these structures with a series of photographs showcasing “the physical Internet,” as the site characterized it. The pictures consisted mainly of slick, artful images of buildings, wires, pipes, servers, and dedicated workers who populate the centers. Apple has also put the infrastructure behind its cloud services on display for the digital audience by featuring a host of infographics, statistics, and polished inside views of the company’s “environmentally responsible” data center fa- cilities on its website.2 Facebook, in turn, features extensive photo and news coverage of its global physical infrastructure on dedicated Facebook pages, while Microsoft presents guided video tours of their server farms for free download on its corporate website.3 Even smaller data centers like those owned by Eu- ropean Internet service provider Bahnhof AB, located in Sweden, are increas- ingly on digital exhibit, with their corporate parents offering various images of server racks, cooling and power technology, or even their meeting rooms, Copyright © ${Date}. -
Google's Hyperscale Data Centres and Infrastructure Ecosystem in Europe
GOOGLE’S HYPERSCALE DATA CENTRES AND INFRASTRUCTURE ECOSYSTEM IN EUROPE Economic impact study CLIENT: GOOGLE SEPTEMBER 2019 AUTHORS Dr Bruno Basalisco, Managing economist, Head of Digital Economy service Martin Bo Westh Hansen, Managing economist, Head of Energy & Climate service Tuomas Haanperä, Managing economist Erik Dahlberg, Senior economist Morten May Hansen, Economist Joshua Brown, Analyst Laurids Leo Münier, Analyst 0 Malthe Faber Laursen, Analyst Helge Sigurd Næss-Schmidt, Partner EXECUTIVE SUMMARY Digital transformation is a defining challenge and opportunity for the European economy, provid- ing the means to reinvent and improve how firms, consumers, governments, and citizens interact and do business with each other. European consumers, firms, and society stand to benefit from the resulting innovative products, processes, services, and business models – contributing to EU productivity. To maximise these benefits, it is key that the private and public sector can rely on an advanced and efficient cloud value chain. Considerable literature exists on cloud solutions and their transformative impact across the econ- omy. This report contributes by focusing on the analysis of the cloud value chain, taking Google as a relevant case study. It assesses the economic impact of the Google European hyperscale data cen- tres and related infrastructures which, behind the scenes, underpin online services such as cloud solutions. Thus, the report is an applied analysis of these infrastructure layers “above the cloud” (upstream inputs to deliver cloud solutions) and quantifies Google’s European economic contribu- tion associated with these activities. Double-clicking the cloud Services, such as Google Cloud, are a key example of a set of solutions that can serve a variety of Eu- ropean business needs and thus support economic productivity. -
How Laura Poitras Helped Snowden Spill His Secrets
How Laura Poitras Helped Snowden Spill His Secrets Documentary filmmaker Laura Poitras in Berlin. By PETER MAASS Published: August 13, 2013 This past January, Laura Poitras received a curious e-mail from an anonymous stranger requesting her public encryption key. For almost two years, Poitras had been working on a documentary about surveillance, and she occasionally received queries from strangers. She replied to this one and sent her public key — allowing him or her to send an encrypted e-mail that only Poitras could open, with her private key — but she didn’t think much would come of it. The stranger responded with instructions for creating an even more secure system to protect their exchanges. Promising sensitive information, the stranger told Poitras to select long pass phrases that could withstand a brute-force attack by networked computers. “Assume that your adversary is capable of a trillion guesses per second,” the stranger wrote. Before long, Poitras received an encrypted message that outlined a number of secret surveillance programs run by the government. She had heard of one of them but not the others. After describing each program, the stranger wrote some version of the phrase, “This I can prove.” 1 From www.nytimes.com/2013/08/18/magazine/laura-poitras-snowden.html?hpw 20 August 2013 Seconds after she decrypted and read the e-mail, Poitras disconnected from the Internet and removed the message from her computer. “I thought, O.K., if this is true, my life just changed,” she told me last month. “It was staggering, what he claimed to know and be able to provide. -
Google Parent Alphabet Codifies Doing the Right Thing 5 October 2015
Google parent Alphabet codifies doing the right thing 5 October 2015 Internet search company was founded in late 1998 and went on to be included in regulatory filings ahead of its stock market debut in 2004. Alphabet—the new parent of the Google search unit and a variety of other separate technology divisions—trades under the old GOOG and GOOGL symbols on the Nasdaq exchange. Google's new corporate structure took effect on Friday, with shares of "Alphabet" hitting the stock market on Monday. Google on September 1, 2015 refreshed its logo to Alphabet shares trading under GOOG were up better suit mobile devices that are supplanting desktop slightly more than two percent to $640.98 as the computers when it comes to modern Internet lifestyles close of the market neared on Monday. Google's new parent company hit the stock market on Monday with an inked credo to "Do the right thing"—a spin on the founding principle "Don't be evil." "Employees of Alphabet and its subsidiaries and controlled affiliates should do the right thing –- follow the law, act honorably, and treat each other with respect," the company said in a code of conduct posted online. Alphabet subsidiaries include Google, Nest Labs, and Google X labs devoted to big-vision new technologies such as self-driving cars. Alphabet called on employees to also follow codes of conduct established by subsidiaries for which they work. Details of the corporate reorganisation of Google "We rely on one another's good judgment to uphold a high standard of integrity for ourselves and our company," the Alphabet code said. -
NSA's Efforts to Secure Private-Sector Telecommunications Infrastructure
Under the Radar: NSA’s Efforts to Secure Private-Sector Telecommunications Infrastructure Susan Landau* INTRODUCTION When Google discovered that intruders were accessing certain Gmail ac- counts and stealing intellectual property,1 the company turned to the National Security Agency (NSA) for help in securing its systems. For a company that had faced accusations of violating user privacy, to ask for help from the agency that had been wiretapping Americans without warrants appeared decidedly odd, and Google came under a great deal of criticism. Google had approached a number of federal agencies for help on its problem; press reports focused on the company’s approach to the NSA. Google’s was the sensible approach. Not only was NSA the sole government agency with the necessary expertise to aid the company after its systems had been exploited, it was also the right agency to be doing so. That seems especially ironic in light of the recent revelations by Edward Snowden over the extent of NSA surveillance, including, apparently, Google inter-data-center communications.2 The NSA has always had two functions: the well-known one of signals intelligence, known in the trade as SIGINT, and the lesser known one of communications security or COMSEC. The former became the subject of novels, histories of the agency, and legend. The latter has garnered much less attention. One example of the myriad one could pick is David Kahn’s seminal book on cryptography, The Codebreakers: The Comprehensive History of Secret Communication from Ancient Times to the Internet.3 It devotes fifty pages to NSA and SIGINT and only ten pages to NSA and COMSEC. -
From Notice-And-Takedown to Notice-And-Delist: Implementing Google Spain
FINAL KUCZERAWY AND AUSLOOS 4.5.16 (DO NOT DELETE) 5/9/16 11:51 AM FROM NOTICE-AND-TAKEDOWN TO NOTICE-AND-DELIST: IMPLEMENTING GOOGLE SPAIN ALEKSANDRA KUCZERAWY AND JEF AUSLOOS* INTRODUCTION ...................................................................................... 220 A. Media Storm ........................................................................... 220 B. Internet Law Crossroads ........................................................ 221 I. HOW DID WE GET HERE? .............................................................. 223 A. Google Spain .......................................................................... 223 1. Facts of the Case ............................................................... 223 2. Scope ............................................................................... 224 3. Right to be Delisted .......................................................... 224 4. Balancing .......................................................................... 225 B. Implementation of Google Spain ............................................ 226 1. Online Form ...................................................................... 226 2. Advisory Council .............................................................. 227 3. Article 29 Working Party ................................................. 228 4. Emerging Body of Case Law ........................................... 228 II. HAVE WE MET BEFORE? ............................................................... 229 A. Dazed and Confused: Criticism of Google -