TC Roundup: China's internet boom starts to fade
China's internet boom starts to fade: Just as the Nasdaq Composite Index surges to the cusp of the record high set during the dot-com-era, the excitement about China's Internet boom is fading.
Half of the 14 Chinese dot-coms that debuted in the U.S. last year are now trading below their initial sale prices. Even Alibaba Group Holding Ltd., one of those still up in price, has dropped 28 percent from its record high in November. On average, the 14 Chinese shares are down 3.1 percent this year, compared with a 6.1 percent advance in the Nasdaq through March 20. (Bloomberg)
EBay adds 2 directors to board ahead of PayPal split: EBay said it added two independent directors to its board ahead of the planned split of its marketplace division from its payments division, PayPal, later this year.
The e-commerce company said on Monday it appointed action camera maker GoPro's President Tony Bates and American Red Cross Chief Executive Gail McGovern to its board. (CNBC)
Twitter's new "quality filter" starts rolling out to verified iOS users: Twitter can be a cesspool of bullying, which CEO Dick Costolo admitted in an internal memohas cost the microblogging platform users. Over the past few months, however, the company has taken several major steps to stop trolls. The latest is a new "quality filter" that lets verified users weed out problematic tweets from their notifications. (Tech Crunch)
Google security temporarily compromised by fake digital certificates: Bad news for Google — and for anyone who uses its products: The company revealed today that it has discovered several fake digital certificates for some of its domains.
That's bad, because any browser accessing these domains via TLS (the latest security protocol, and a successor to SSL) counts on a certificate in order to be sure that it's connecting with the real McCoy, not some imposter. (Venture Beat)
From Pakistan to the UN, this entrepreneur is harnessing technology to fight terrorism: Poverty. Natural disasters. Terrorism. These are problems that many acknowledge to be in dire need of solutions, but few actually dare to tackle, even at the highest levels of society. Dr. Zeeshan-ul-Hassan Usmani experienced this firsthand as a Pakistani scholar who managed to make his way to the US in the early 2000s, culminating in a PhD in computer science.
Usmani's work building a personalized recommendation engine for customers, as part of his PhD, received international acclaim, and was featured in publications such as The Economist and MIT Tech Review. He spent the next few years working for companies such as Citibank and Discover Financials. (Tech in Asia)