Apple Inc. faces another problem.
After all of the recent dilemmas in stocks, the popular super tech giant Apple Inc. falls from the top spot in the list of Forbes’ “World’s Most Admired Companies.” The publication will be released later within this week in its list of 2013 rankings.
Brad Chases, a contributor for Forbes, have written on the change of the rankings. To quote what he has written:
“The company isn’t going to disappear anytime soon. But the value of the once-invincible brand is teetering on the edge of a long, steady drop. Apple’s well-documented approach to fostering a virtual community and establishing an open and transparent dialogue with its customers has been one of the leading drivers in its success. And now it is the cause of its inevitable demise.”
Furthermore, the conrtibutor added that the complete success of the company seems to be drifting away in a lot of ways. Past issues such as glitches, high prices, and missed deadlines were just mere nuisance for the tech giant.
On the other hand, an annual shareholders’ meeting was held by Apple Inc. on Wednesday. The company confirmed that they will be releasing new products for 2013.
Apple Inc.’s shares were up to 1.40 percent at $449.27.
The bug-hunter bounty program of Facebook has paid out over $40,000 in only three weeks.
The company opened the program at the starting of this month, assuring $500 for every susceptibility disclosed-more on exceptional cases.
According to the company, it has had to deal with bogus statements from people who were just looking for advertising but has had some more authentic bug statements.
Joe Sullivan, chief security officer said on the security blog of the company, “It has been fascinating to watch the roll-out of this program from inside Facebook. First, it has been amazing to see how independent security talent around the world has mobilized to help.”
“We know and have relationships with a large number of security experts, but this program has kicked off dialogue with a whole new and ever expanding set of people across the globe in over 16 countries, from Turkey to Poland who are passionate about internet security.”
According to him, Facebook has already paid out tens of the thousands of dollars, with one ‘really good report’ netting its finder $5,000. One more individual has achieved over $7,000 for flagging six different issues.
Facebook does not provide a peak figure for what it is ready to pay; Google gives up to $3,133, and Microsoft a whacking $250,000.
According to Sullivan that in spite of users’ demands, it is not possible to expand the program to the Facebook Platform- there is just too many different third party services concerned. It is fair enough point, even though quite a shame, given that this is where the huge majority of troubles happen.