Sheer alliterative ingenuity!
Remember, Remember, The 5th of November
Hacktivist group Anonymous has claimed that on November 5th, 2011, Facebook will be “destroyed”!
An Anonymous Twitter account, @OP_Facebook (signifying “Operation Facebook”), has been set up with a tweet linking to this YouTube video. The transcript is available here. (Note: November 5th is a somewhat significant date for revolution)
Anonymous has recently claimed involvement in a number of notable hacking attacks this year, including breaking into numerous law enforcement websites and taking down the Syrian Ministry of Defense website. According to them, Anonymous has taken this recent interest in Facebook due to privacy concerns and its plans to create its own social network, called AnonPlus.
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Squiggle Inception
A video that takes you on a mind-bending trip, replete with harmonic algorithms and references to Mathematician David Hilbert and Hilbert Spaces.
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Apple vs. Exxon: Race to Become the World’s Largest Public Company
Apple (AAPL) temporarily overtook Exxon (XOM) to become the world’s largest publicly listed company, in terms of their market capitalization. This is a remarkable turnaround for a company that was on the brink of bankruptcy in 1997, a mere 14 years back, and a remarkable achievement for a company that was valued at US$50 billion less than Exxon a few weeks back!
TechCrunch has a beautiful timeline of the race as both firms take turns at wearing the market cap crown.
In the days to come Apple is sure to become the largest public company, specially when iCloud goes mainstream and iPhone5 (iPhone 4G?) hits the streets.
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And The Hackers Get Younger by the (Zero) Day
A 10-year-old girl, who goes by the pseudonym – “CyFi”, has found that games apps on smartphones or tablets running on iOS or Android mobile platforms can be hacked into by tinkering with the device’s clock settings, which exposes an exploitable security loophole, or a “zero-day flaw”.
The girl displayed her hacking skills at the first annual DefCon Kids hacker conference – a subset of DefCon Hackers Conference in Las Vegas, the self-identified “world’s longest running and largest underground hacking conference”. Her presentation was titled “Apps — A Traveler of Both Time and Space; And What I Learned About Zero-Days and Responsible Disclosure”.
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The Safety of Gold
Investors are moving away from economy-dependent assets like T-Bills, currencies and from firm-dependent securities like stocks and bonds to economic performance-independent commodities (unlike oil) as safe-haven instrument while markets, particularly equities, continue to tumble all around us. Specifically, there is a rush for gold.
The graph shows the sharp price rise of gold in August. However, the most telling sign is the volumes traded in recent times, compared to over the previous months. Noteworthy is the high RSI (Relative Strength Index), which is generally indicative of an overbought situation, although here supported by price increases and prices touching the upper Bollinger. In other words, technically speaking (if you subscribe to such views), “sell” is still not signaled, since the indicators are not divergent.
“Speculators Pile into Gold Futures, Options” from Kitco News
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And the Slide Continues … (But That’s Ok)
Stock markets are tumbling all over the world. Along the lines of my prediction in a recent post, stock markets in the US, Europe, Latin America & Asia, along with commodities markets, experienced significant declines.
Wall Street suffered the biggest fall in two years, brought about by massive “sell-offs” by investors, triggered by “great fear” of a US recession, while European markets also fell significantly, driven by the sell-off contagion and worsening debt problems in Europe’s large economies, including Spain & Italy. Latin American and Asian markets were not far behind either, as the sell-off continued on a global spree.
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