Business
America’s Supreme Court heard arguments in two cases that could potentially undermine the business model of social-media companies. In Gonzalez v Google the parents of a woman who was killed in a terror attack on Paris in 2015 claim that YouTube aided the terrorists by recommending the group’s videos to users. The case focuses on the legal protection from liability given to internet companies under Section 230 of the Communications Decency Act of 1996. In Twitter v Taamneh the family of a man killed in an attack in Istanbul in 2017 allege that Twitter, Google and Facebook should be held accountable for spreading terrorist propaganda. The court’s decisions are expected in June.
Meta launched a subscription service on Facebook and Instagram that verifies the authenticity of accounts and protects users from impersonation. The service, which is being tested in Australia and New Zealand, is similar to Twitter’s blue-tick system. Social-media companies are looking for ways to increase revenue to offset smaller returns from advertising.
The disappearance in China of the head of a bank that has invested heavily in the country’s big tech firms sent a chill across the industry and the business elite. Bao Fan was reported missing by China Renaissance, which he founded in 2005. It is not unusual for businessmen to be suddenly detained by the Chinese authorities when an investigation has begun into a company. Officials have so far kept tight-lipped about Mr Bao’s whereabouts.
2023-02-23 11:01:05
Post from www.economist.com
As a small business owner, it can often feel like the odds are stacked against you. With so many large, established companies taking up the majority of the market share, it can be difficult for a small business to succeed. However, with the right strategies in place, a small business can create a strong foundation for growth and sustained success.
The most important strategy for any business is to have a well-defined mission statement. Small businesses should think about what makes them unique and define clear objectives that can be used to guide the company’s growth. Having a well-defined mission statement will ensure that the business remains focused on its goals and objectives.
Another important strategy for small businesses is to constantly innovate and stay ahead of the curve. Instead of staying static and relying on traditional methods, small businesses should be open to new technologies and approaches that could give them a competitive edge. Whether it’s exploring new marketing channels or taking advantage of new opportunities made possible by advances in technology, staying ahead of the competition and innovating are key steps to success.
In addition to innovation, small businesses should be aware of the resources available to them. Whether it’s government grants or tax credits, there may be resources available that can help with start-up costs or other expenses. By researching the options, a small business can find the resources necessary to stay competitive.
Finally, small businesses should focus on customer service and building customer relationships. Having a highly skilled and knowledgeable customer service team can make a huge difference in customer retention and loyalty. In addition, having a detailed understanding of the customer base will help a small business stay ahead of their competitors.
By focusing on their mission statement, innovating, utilizing available resources, and providing excellent customer service, any small business can create a strong foundation for sustained success. With these strategies in place, any small business can maximize their success and pursue success on their own terms.
