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Archive for February, 2012

A Thousand Millionaires Overnight

The people who were behind Facebook from the very start have been richly rewarded when the social networking leader went public. The IPO has catapulted the value of FB at almost $100 billion and those who had stock options found themselves richer by several hundred million dollars.

Here is the rest of the articles from Yahoo News.

Facebook Co-Founder Mark Zuckerberg, 27, is slated to become one of the richest people in the world with a personal fortune of at least $28 billion. His salary will be cut to $1 from $1.48 million last year, effective Jan. 1, 2013.

Facebook Chief Operating Officer Sheryl Sandberg, who made $30.8 million last year, will enter the billionaire’s club for the first time and early Facebook investors like Peter Thiel and venture capital firm Accel Partners are both expected to net profits in the billions.

Even Facebook’s biggest foes – Tyler and Cameron Winklevoss – will become richer, thanks to the 1.2 million shares they own, part of the settlement deal they agreed to after suing Zuckerberg for stealing their idea. (Have you seen The Social Network?) Zuckerberg dropped out of Harvard to concentrate on expanding Facebook, which he started with a few friends in his sophomore college dormitory eight years ago. Facebook has 845 million users worldwide.

The New York Times profiled graffiti artist David Choe as one example of how Facebook’s public offering will change the lives of thousands of people. Choe was hired to paint murals on the walls of Facebook’s Palo Alto office in 2005; instead of taking cash as payment, he accepted several hundred stock options. Those shares could be now worth north of $200 million.

Zuckerberg’s father Edward, a dentist in New York, will also greatly benefit from the IPO. He was given two million shares “in satisfaction of funds provided for our initial working capital,” according to Facebook’s S-1 filing.

One person left out of the Facebook filing is estranged Co-Founder Eduardo Saverin. Zuckerberg’s former best friend and roommate, and the one who provided the company’s early financing, Salverin has sold a majority of his stake (worth five percent) of the company on the secondary market.

Wow! I think Zuckerberg is really brilliant. I wonder though if his sister, Randi Zuckerberg, who resigned from the company last year, will also be getting something from this?

Security Tips When Using Point To Point Wireless Networks

Various ways that a user can practice to ensure security when using wireless network

When Internet was first introduced, everybody was excited to have a computer at home so they can surf the net to research, send emails, chat to friends and more.

Nowadays, mobile devices are getting so high-tech that almost all cell phones, laptops, netbooks and the like are equipped with WiFi capability that lets them connect to the Internet even when on the road, while waiting for their flight in an airport, as they sip their coffee in a coffee shop and more.

The WiFi technology has brought mobile computing to a whole new level as it means any user who has a WiFi capable device can easily connect to the Internet even without the wires. This has push different stores and establishments to install point to point wireless system as an added service to their valued clients.

Though wireless point to point access offers a lot of advantages and convenience to users, experts say that it can pose for a security risk as it makes users vulnerable to identify theft and hacking. But of course, there are a lot of ways that users can exercise to protect themselves while using a wireless network and here are a few of those:

  1. Avoid connecting to unencrypted public wireless networks. When accessing a WiFi hotspot, always choose secured networks that will require for a username and password for authentication before being allowed to access the network. This will ensure that the service that you are connecting to is a reliable and secure network and at the same time, access is restricted to only those who know the valid username and password. Encrypted wireless networks also offers added protection as it uses either WEP (wired equivalent privacy) or WPA (WiFi protected access) for security.
  2. Install and turn on firewall settings on your devices. Before using your laptop in a public hot spot, make sure that firewall has been installed and turned on.
  3. Turn off WiFi Ad-hoc mode. Turning this off will not allow automatic access or connection to your device without your authority.
  4. Use Virtual Private Networks (VPN) if available. VPN encrypts all inbound and outbound traffic making data difficult to intercept.
  5. Use strong passwords. Always make use of strong passwords for accounts that you access in your laptop, like your email. Do not use common information for your password like your birthday, middle name, etc but instead use combination of alphanumeric characters to create strong passwords.
  6. Always make use of https URLs. When inputting sensitive date using your mobile device or laptop like bank details, credit card information and the like, make sure that the site uses https URL. What this mean is that all data and information going in and out of the site is encrypted using SSL (Secure Socket Layer) making it more secure.

Establishments providing ptmp networks to their clients are expected also to use devices and solutions that offer extra security features to avoid any hacking incident while using their wireless network. Here are some of these devices which are available from Winncom.com:

  1. Motorola 802.11n. This solution is applicable for those who want to create wireless broadband connections across cities or within campuses.
  2. Proxim Wireless LAN. This solution provides speed that is double the speed of a wired network.
  3. Proxim High-Capacity Mesh Radios. This allows for voice and video over WiFi.

By following the steps listed above, partnered with the right device and solution from Winncom.com, will definitely ensure a safe and secure WiFi surfing for all users.

Rafflecopter Has Become Indispensable in the Holding of Online Contests

On the webpage of Rafflecopter, you will see this slogan.

Giveaways Made Crazy-Simple
Rafflecopter is the easiest way to Create, Run, & Enter online giveaways. Ever, ever.

And it is really true.

In the past, websites and blogs often held contests in order to bring in traffic to their blogs. This was done manually and the higher the prizes at stake, the more things that people will have to do. Sometimes, it gets really complicated that instead of joining, I for one, just get discouraged.

Then Rafflecopter became live. It is a tool to help people organize and hold contests as well as pick contest winners. As for the participants, it is just easy for them, because all they have to do is to click, click, and click. Of course, some validation is needed but the contest has become so much easier. You can link everything from blog posts, Twitter posts, FB fan pages, Google +, and the like.

This is one innovation in the online world that has revolutionized how we handle online contests. I have yet to try it on my own contest but I have joined many that have used this and I find it very convenient. So the next time you have a contest, do have it on Rafflecopter because you get more returns.