Lesscool Facebook losing youth at fast pace survey

With mom, dad and grandma signing up in increasing numbers, Facebook is losing younger users in the United States at a faster pace than previously estimated, researchers said Monday. © 2018 AFP A report by eMarketer said Snapchat is drawing youths away from Facebook at a quicker clip than Facebook-owned Instagram.Facebook is still growing in the US market, according to research firm, mainly due to increases in usage by older age groups.The report is the latest to highlight Facebook’s problem with attracting and keeping young people, who have long been a core user base for the world’s biggest social network.The research firm said it expected the first-ever decline in the 18-24 age group in the US, a drop of 5.8 percent this year.It also said that for the first time since its research began, less than half of the 12-17 age group in the United States would be on Facebook, with a 5.6 percent drop in that segment. The under-12 age group meanwhile will see a decline of 9.3 percent this year, eMarketer said.The same trend is expected to continue into 2019 and 2020, with declines in all segments of US users under 25, the report added.Facebook will lose an estimated two million users under 25 this year, with Snapchat and Instagram the main beneficiaries.The report said Snapchat will add 1.9 million users under 25 in 2018 and Instagram will add 1.6 million.Snapchat, which is known for its disappearing messages, will continue to have more users aged 12 to 24 than Instagram, the researchers said.But Snapchat could end up facing a similar problem as it seeks to increase its user base and reach all ages.”Snapchat could eventually experience more growth in older age groups, since it’s redesigning its platform to be easier to use,” eMarketer analyst Debra Aho Williamson said. “The question will be whether younger users will still find Snapchat cool if more of their parents and grandparents are on it. That’s the predicament Facebook is in.”Facebook remains the most popular social network in the US market with an estimated 169.5 million users this year, according to eMarketer.But faster-growing Instagram will be used by 104.7 million Americans and Snapchat will reach 86.5 million users, according to the forecast.Last year, eMarketer predicted Facebook would see declines among some youths for the first time in its history.A report last year by investment firm Piper Jaffray showed Snapchat is the preferred social network for US teens, with 47 percent using the platform. Explore further Snapchat leads augmented reality gains: researchers Credit: CC0 Public Domain Citation: Less-cool Facebook losing youth at fast pace: survey (2018, February 12) retrieved 18 July 2019 from https://phys.org/news/2018-02-less-cool-facebook-youth-fast-pace.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. read more

Suspected Austria bitcoin fraud sparks Europewide probe

© 2018 AFP A suspected Austrian bitcoin scam may have spread across Europe Citation: Suspected Austria bitcoin fraud sparks Europe-wide probe (2018, February 15) retrieved 18 July 2019 from https://phys.org/news/2018-02-austria-bitcoin-fraud-europe-wide-probe.html “Hundreds” of people across Austria have complained of being defrauded by the “Optioment” scheme dealing in the digital currency, Christina Ratz, spokeswoman for the Vienna public prosecutor’s office, told AFP on Thursday. Die Presse, a daily, put the number of possible victims as high as 10,000.Two Austrians have been identified as being accused of fraud in the case, with more suspects possible as the case progresses, Ratz said.Investors were promised returns of up to four per cent per week for investing bitcoins into the opaque scheme, which initially did offer dividends before suddenly collapsing in November.In January Austria’s financial market watchdog brought Optioment to the attention of prosecutors, saying it suspected fraud, a pyramid scheme or violations of capital markets regulations.The scheme appears to have used “multi-level marketing” in order to grow, with investors encouraged to find new clients themselves.”I got my whole family involved. We put around 50 bitcoins in. The money’s gone. I’m sure of it,” one young woman told a joint investigation by Die Presse and the public ORF TV station.Another investor recalled an event promoting the scheme at the Pyramide hotel in Voesendorf, just south of Vienna: “They ran on stage and started running around, they were playing air guitar. It felt like a cult”.Reports of the number of bitcoins invested in the scheme go as high as 12,000, worth around 95 million euros at current value, or more than double that at the peak of the boom in the currency.Lawyers acting for the Austrians identified as the frontmen for the scheme issued a statement saying their clients did not handle any cash or bitcoins themselves, Die Presse reports. The paper reported the men as saying that they were themselves defrauded by two mysterious figures behind the scheme, a Danish man, Lucas M., and a Latvian, Alex P. Authorities investigating a suspected bitcoin-related scam centred in Austria have asked Interpol to help determine whether there might be perpetrators – and victims – of the scheme across Europe. Explore further Texas man pleads guilty in NY bitcoin securities fraud case This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. read more

Kasich orders all Ohio roads open to smart vehicle testing

Citation: Kasich orders all Ohio roads open to smart vehicle testing (2018, May 9) retrieved 18 July 2019 from https://phys.org/news/2018-05-kasich-ohio-roads-smart-vehicle.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Republican Gov. John Kasich (KAY’-sik) is opening all of Ohio’s public roads to smart vehicle testing. Kasich signed an executive order Wednesday authorizing autonomous vehicle research to take place across the state. The order also lays out safety parameters for such projects and creates a voluntary pilot program linking local governments to participating companies.The order extends Kasich’s efforts to make Ohio a hub of smart vehicle research and development. It urges participating projects to sign up with DriveOhio. That’s a new state office he created in January to coordinate several state offices through a “one-stop shop” for autonomous or connected vehicle developers.The order requires participating vehicles to meet certain safety requirements and to be capable to comply with all Ohio traffic laws. It reserves Kasich’s right to suspend non-compliant projects. © 2018 The Associated Press. All rights reserved. Explore further Ohio to invest $15M on corridor for testing smart vehicles read more