November 5, 2016: Women executives left Yahoo Inc U.S. operations at an unusually high rate after the technology company announced plans to sell itself earlier this year, but it was not immediately clear why, according to the company’s 2016 diversity report, released on Monday.
The sharp drop comes as Silicon Valley faces pressure to diversify a workforce heavily dominated by white and Asian men.
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The last year has been turbulent for the web pioneer, which in February announced it would explore alternatives and put in motion a plan to cut about 15 percent of its workforce. In July, it struck a $4.8 billion deal to sell its core internet businesses to Verizon Communications Inc.
The number of women in Yahoo leadership roles in the United States slipped to 21 percent as of June 30, down from 23 percent the year before, the report showed. Women in non-technical jobs remained flat at 52 percent. The total number of women at Yahoo in the United States remained steady at 31 percent.
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Yahoo had 8,800 employees at the end of the second quarter, down from 9,400 as at March 31.
It was not clear why there was such a marked decline in the proportion of women leaders at Yahoo, which is led by Silicon Valley’s most powerful female CEO, Marissa Mayer.
“Women leaders organically left because other opportunities were more appropriate for them,” said Margenett Moore-Roberts, Yahoo’s global head of diversity and inclusion. She said most of the women executives who left did so voluntarily after the plan to sell the core company was announced.
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She said Yahoo will use a combination of internal searches and promotions, outside recruitment and partnerships with women-focused tech organizations to balance the losses.
The dip in women executives does not seem to be mirrored at other major tech companies. Women held 28 percent of leadership positions at Apple Inc, according to its latest figures, unchanged from the year before. (VOA)
“Net neutrality” regulations, designed to prevent internet service providers like Verizon, AT&T, Comcast and Charter from favoring some sites and apps over others, have been repealed. On Thursday, the Federal Communications Commission voted to dismantle Obama-era rules that have been in place since 2015, but will forbid states to put anything similar in place.
Here’s a look at what the developments mean for consumers and companies.
What is net neutrality?
Net neutrality is the principle that internet providers treat all web traffic equally, and it’s pretty much how the internet has worked since its creation. But regulators, consumer advocates and internet companies were concerned about what broadband companies could do with their power as the pathway to the internet — blocking or slowing down apps that rival their own services, for example.
What did the governments do about it?
The FCC in 2015 approved rules, on a party-line vote, that made sure cable and phone companies don’t manipulate traffic. With them in place, a provider such as Comcast can’t charge Netflix for a faster path to its customers, or block it or slow it down.
The net neutrality rules gave the FCC power to go after companies for business practices that weren’t explicitly banned as well. For example, the Obama FCC said that “zero rating” practices by AT&T violated net neutrality. The telecom giant exempted its own video app from cellphone data caps, which would save some consumers money, and said video rivals could pay for the same treatment. Pai’s FCC spiked the effort to go after AT&T, even before it began rolling out a plan to undo the net neutrality rules entirely.
A federal appeals court upheld the rules in 2016 after broadband providers sued.
Big telecom companies hated net neutrality’s stricter regulation and have fought them fiercely in court. They said the regulations could undermine investment in broadband and introduced uncertainty about what were acceptable business practices. There were concerns about potential price regulation, even though the FCC had said it won’t set prices for consumer internet service.
Internet companies such as Google have strongly backed net neutrality, but many tech firms were more muted in their activism this year. Netflix, which had been vocal in support of the rules in 2015, said in January that weaker net neutrality wouldn’t hurt it because it’s now too popular with users for broadband providers to interfere.
What happens next
With the rules repealed, net-neutrality advocates say it will be harder for the government to crack down on internet providers who act against consumer interests and will harm innovation in the long-run. Those who criticize the rules say the repeal is good for investment in broadband networks.
But advocates aren’t sitting still. Some groups plan lawsuits to challenge the FCC’s move, and Democrats — energized by public protests in support of net neutrality — think it might be a winning political issue for them in 2018 congressional elections. (VOA)
Indians have contributed to growth of iconic business firms like Sun Microsystems, Hotmail and some of them have turned into biggest entrepreneurs and job creators
There are many Indian-origin leaders who have become household names today like Indra Nooyi (Pepsi), Shantanu Narayen (Adobe), Satya Nadella (Microsoft), Sundar Pichai (Google)
Hotmail.com founder Sabeer Bhatia, the company was founded in the year 1996
New Delhi, August 21, 2017: Indians are facing accusations from Americans that they are snatching away American jobs, but it’s not the case. There is an Indian- American venture capital firm called Inventus Capital Partners which is trying to throw some light on the contributions Indians have made in the growth of Silicon Valley.
Indians are stereotypically viewed as a source of cheap labor in US Technology Industry but they are much more than that. Case in point is over the last 10-20 years, Indians have contributed to the growth of iconic business firms like Sun Microsystems, Hotmail and some of them have turned into biggest entrepreneurs and job creators instead of being just job seekers.
As per a report from July, Director of Inventus Capital Partners- Manu Rekhi, the company operates from Bengaluru and San Mateo, California, he observed how Indians have left a mark in the American entrepreneurial space.
There are many Indian-origin leaders who have become household names today like Indra Nooyi (Pepsi), Shantanu Narayen (Adobe), Satya Nadella (Microsoft), Sundar Pichai (Google). But these success stories were due to decades of hard work.
In the early 1980’s, arrived in the US the first generation of Indian entrepreneurs. According to Quartz report, Manu Rekhi said, “Among these legends was Kanwal Rekhi (my partner) along with Vinod Khosla, Naren Gupta, Prabhu Goel, Suhas Patil, and many others, who went on to finding notable companies like Sun Microsystems (acquired by Oracle), Excelan, and Cirrus Logic.”
When the early entrepreneurs moved to America global exposure was very limited and also their understanding of consumer behavior of the people in the US was also limited. That is the reason they founded engineering- heavy systems and networking companies instead of going for consumer facing ones.
Slowly, with time more Indian tried their hands at launching new ventures and also US doors opened for foreign students, thus Indian entrepreneurs turned their focus from enterprise to consumer- oriented companies. One prime example of this is Hotmail.com founder Sabeer Bhatia, the company was founded in the year 1996. Sabeer Bhatia is a BITS Pilani graduate, did masters from Stanford University and has worked for Apple before launching his maiden email service.
The 1990s was also the year in which the Indian-origin leaders were also mentors in the Silicon Valley. Case in point is BV Jagadeesh who is a Serial Entrepreneur and Venture Capitalist. Jagdeesh helped to raise the seed money for Netscaler, a San Jose based company. He later went on to become its President and also CEO by the year 2000. Currently, Jagadeesh is a managing partner at KAAJ Ventures, it makes early stage investments in startups, and he is also an adjunct professor at Santa Clara University, takes classes on early-stage startups and valuation. Ram Shriram is a Venture Capitalist, a founding board member and is one of the first investors in Google. His stake in the company was $ 1.3 billion in the mid-2000, he also mentors budding startups.
Rekhi said that later companies of Indian entrepreneurs shifted towards technologies which were more advanced.For example, Jyoti Bansal started App Dynamics, a management and operations analytics firm, which was later acquired by Cisco for $3.7 billion on 22 March 2017. Dheeraj Pandey, Indian Institute of Technology (IIT) Kanpur alumni owns Nutanix, a cloud-computing software company. In 2016, it had a multi- billion dollar initial public offering. Manish Chandra who is the CEO, Poshmark, which is the social fashion marketplace. Chandra created a product which would be “unheard of 20 years ago,” Rekhi said.
For example, Jyoti Bansal started App Dynamics, a management and operations analytics firm, which was later acquired by Cisco for $3.7 billion on 22 March 2017. Dheeraj Pandey, Indian Institute of Technology (IIT) Kanpur alumni owns Nutanix, a cloud-computing software company. In 2016, it had a multi- billion-dollar initial public offering. Manish Chandra who is the CEO, Poshmark, which is the social fashion marketplace. Chandra created a product which would be “unheard of 20 years ago,” Rekhi said.
Indians are less than 1% in the total US population, but still by 2012 they founded 8% of all the American tech & engineering startups. The group has started one-third of the immigrant-founded startups in the US. The firms which they have founded also provide great acquisition opportunities and also made high-value public debuts, Rekhi said, mentions Quartz report.
The first Indian-American founder led company- Nasdaq IPO (Initial Public Offering) opened its doors in 1987 with Excelan going public, but the pickup in big-value exists came only in recent times.
In the last 5 years, the software and services sector, which has 17 companies, tops the list of IPOs owned by Indian founders and co-founders and has a combined market Capital of amount $26.2 billion. The second in the list were Pharmaceuticals, biotechnology, and life sciences in terms of the number of IPOs (six). But, the retail industry saw a much larger market Capital of as much as $6.67 billion, in comparison to Pharmaceuticals, it was $397 million. 10 of these 34 companies that make approximately 29% were acquired following their stock-market debut.
According to Quartz report, Rekhi said: “Even before the turn of the millennium, companies like IBM and Intel had been making acquisitions, but mostly of outsourcing services companies where you’re basically buying manpower.”
But between 2012 and 2017, more than 25 companies by Indian-origin entrepreneurs saw mergers and acquisitions worth- $500 million and more, Rekhi found.
Rekhi noted, “Topping that list is Western Digital’s acquisition of SanDisk, worth a whopping $19 billion, followed by several acquisitions from Cisco, HPE, and SAP.”
Today, 14 of the 261 unicorns are headed by Indian-origin founders (private companies valued at over $1 billion) in the US. These 14 startups, when taken together have a combined value of $35.17 billion and funding of $81.8 billion, with the IT industry taking the lead, according to Rekhi.
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They want to help their country with a mobile phone application to address poverty
We want to increase employment for Cambodians
In Cambodia, just 14 percent of students in information technology were women
Mountain View (California), August 19, 2017:A group of Cambodian girls who recently traveled to California to compete in a mobile app competition offered inspiration for other girls worldwide to consider careers in technology.
Their pitch in Silicon Valley wasn’t a bid to be the next billion-dollar company. Instead, they want to help their country with a mobile phone application to address poverty.
“Let’s fight poverty by using our app. Don’t find customers for your product, find products for your customers,” said Lorn Dara Soucheng, 12, who led the team that created the app, Cambodian Identity Product.
“We want to increase employment for Cambodians, so there will be a reduction of Cambodian migrants to work in other countries, reducing poverty through making income and providing charity to local Cambodians,” Chea Sopheata, 11, told the judges at Google’s headquarters. Google was one of the program’s sponsors.
To participate in the Aug. 7-11 Technovation global competition, girls around the world had to build a mobile app — and a business plan — that addressed a U.N. development goal. The Cambodian girls picked poverty.
While globalization has boosted the economic growth of Cambodia, especially its tourism industry, it has also created greater economic inequality and competition. The girls think their app can help.
“We want to promote our culture to people from all over the world,” said Lorn Dara Soucheng.
At their young age, no one expects these girls to be able to solve their country’s most pressing issues quite yet. But their presence here highlighted another issue: girls in tech fields.
In the U.S. and worldwide, the number of women in STEM fields (science, technology, engineering, and math) remains low and has even dropped.
In Cambodia, just 14 percent of students in information technology were women as of 2010. It’s a situation some attribute to a lack of equal access to education and a lack of female role models.
It’s hoped that programs like Technovation can reverse that trend.
“For the first time in history, technology can really help girls have a strong voice and help us have a society that has equality,” said Tara Chklovski, founder, and CEO of Iridescent, the nonprofit organization behind Technovation.
These young Cambodian girls have proved how far they can go with technology. Most come from underprivileged backgrounds but had support from teachers, mentors, and family.
Cambodian American Pauline Seng, a program manager at Google, said the young coders have become role models for many other Cambodians, including herself. She didn’t get into technology until she was 23.
“There’s going to be so many people who aspire to reach this stage and also inspire other people to get involved in technology,” she said.
Although the Cambodian girls did not win the grand prize, which went to a team from Hong Kong, they were proud to have made it to Google and Silicon Valley.
After watching the male CEO of Google, Sundar Pichai, speaking at the closing ceremony, the girls said they believed the tech giant would one day have a female leader.
“Yes!” they said, in unison.
Whether that will come true or not, they have themselves already become the youngest role models to inspire others, one girl at a time. (VOA)