Response

Please review the discussion in the attached file and write minimum of 5 line statements to respond to each discussions.

1. Snapchat Parent Launches Monthly Subscription Plan. Kathryn Hardison. June 29, 2022. Wall Street Journal

 

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The social media messaging platform Snapchat, has just launched a new monthly subscription plan for exclusive features on the app. Snapchat+ will cost users $3.99 a month and will give the subscribers new pre-released features. One of these features is to see how many friends are interested in a user’s posted stories. The company says that this will be the first feature offered on Snapchat+, but will expand overtime. Snapchat has become the next social media app to pursue revenue beyond in-app advertising. Twitter and Facebook have already launched similar subscription plans, Twitter Blue and Facebook’s Fan Subscriptions, on their platforms to make money by providing users with extra features. The article states that Snapchat has over 300 million daily users. With that many users going on the app everyday, how many would be willing to pay for Snapchat+? I use a few social media platforms everyday, but would not consider paying for the subscription. For social media platforms like Twitter and Facebook I can understand why users would want to pay for more features. As of right now Snapchat does not seem like it has enough to offer for users to pay for a subscription, but maybe I don’t use the app enough. Bottom of Form

 

 

2. Can Crypto’s Richest Man Stand the Cold?

 

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This is an article posted in Businessweek. It’s concerning the CEO of Binance, Changpeng Zhao, and the trends in cryptocurrency in recent years. Overall, the article is highly critical of Binance, and to an extent cryptocurrency in general. Certain coins have lost most of all of their value, while even the mainline coins like Bitcoin have lost “70%” of their value, in what can only be described as a market crash. Beyond this occurence lies a discussion of the role of cryptocurrency in general. Is it legitimate? Critics have long held that the currency is worthless or some kind of legal loophole for otherwise illegal activities, whereas proponents would tell you it’s an alternate means of finance outside the control of governments. Regardless, it’s a large market, even after the financial hit it’s taken recently.

Binance and other similar companies are an interesting question for IT/IS, considering that these platforms are centralized centers for a decentralized commerce. It raises questions about what obligations these platforms have to their users; certainly many legal concerns have been voiced, with the article explaining that Zhao has claimed he has been addressing these issues. It also raises questions of financial legitimacy, as the article raises, since certain coins have lost up to “99.96” percent of their value. What role do you think cryptocurrency will have in the future for IT/IS, concerning systems, legal issues, etc?

3. CIOs Expect Solid Tech Budgets Despite Recession Fears. Wall Street Journal.

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With concerns of a recession looming, are businesses or your company continuing to invest in tech resources? In the article, CIO’s argue that they likely won’t see a decrease in the amount of their tech budgets because of the importance that digital transformation has played in their companies in recent years. “That’s partly because the Covid-19 pandemic and the rise of cloud computing have illustrated the importance of enterprise technology and digital transformation, CIOs said” [1]. Have you experienced something similar? Did your company invest in a new platform during the pandemic? I personally experienced this as our organization invested more agressively in telehealth hardware in order to continue with business and make it safer for all involved. As a bonus, one of the markets that we were in experienced tremendous revenue growth because of this investment. Their revenue grew from about 2.5 million to 4 million in just a year.

“About 90% percent of a CIO’s budget includes vital spending like cloud subscriptions that need to be paid no matter what, said John-David Lovelock, a research vice president at tech research and advisory firm  Gartner  Inc. The remaining 10% includes things like proof-of-concept tests, new laptops or tablets for employees, and licensed software updates, he said” [1]. I think when I imagine our IT department, I typically think about hardware, like computers. This article pointed out, which I believe to be true, that many large organization’s costs involve subscriptions for software. If companies have made that transformation in the last couple of years, then budgets shouldn’t be impacted too much. The article further goes on to talk about companies “leaning in” and investing more in tech during a downtime. Do you think your companies will do the same? Look for better efficiencies with tech as things get tighter? It sounds like this will definitely happen if their is a strong business case to support the investment.

 

 

4. How to Pass On Your Passwords When You Die. June 26, 2022. The Wall Street Journal

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Digital legacy is a topic that needs more attention as it can help save a lot of work for relatives and partners after ones passing. Digital legacy is one can share their social accounts after their passing, such as passwords. Bill Gaggos is an estate planning attorney I Michigan who has seen families struggle to get access to the passwords of their loved one that has passed. He helps them get valuable documents online.[1]

 

Apple, Google, and Facebook parent Meta Platforms are among the techy companies that provide digital legacy tools to allow users to give account access to others. This works by letting you designate who is able to download your data or access your profiles after your death. This tool does not necessarily require one to share their passwords but they are able to set up password managers to share their account credentials, and/or other private information upon their death. [1]

 

In addition to legacy contacts one can create a passwords manager that will store their logins and generate unique passwords for all their accounts they can link to give the ability to designate one to access your account information. [1]

 

I think it is great and important to have your loved ones or partners be able to access your accounts after passing. It may give some people closure allowing them to look back on your pictures or conversations.

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