Hi Josiah,

You're right! 

Elon Musk said 'use Signal,' and confused investors sent the wrong stock up 438% on Monday

"Signal Advance, which reported receiving no revenue in 2015 and 2016, is now worth more than $3 billion."

Apparently this also happened with Zoom a couple of years ago. "... people bought shares of Zoom Technologies, whose ticker symbol was ZOOM but was not the trendy video-calling service Zoom Video Communications, which trades under the symbol ZM. Last year the U.S. Securities and Exchange Commission stopped trading of Zoom Technologies, partly because of confusion over its connection with Zoom Video."



On Wed, Jan 13, 2021, 12:59 Josiah Mugambi via kictanet <kictanet@lists.kictanet.or.ke> wrote:
Signal Advance Inc ( whose stock went x11) has no relation with the Signal messaging platform.

As this is a tech policy group, this may be a useful read (less so for a non tech person):


excerpt:

"End to end encryption is more about security than privacy. We are protected against unknown actors but have no control over what known actors will do."




On Tue, Jan 12, 2021 at 1:04 AM Rawgee l.k via kictanet <kictanet@lists.kictanet.or.ke> wrote:
My take it could be more of under table business trade agreement between Whatsapp and Signal.
After the announcement from Elon Musk [coincidentally the world's richest man] for guys to move to signal app the stock jumped to 1100%.
Screenshot on the trade app overview.
Intresting times both for data privacy and financial services.


On Tue, Jan 12, 2021, 00:39 Mwendwa Kivuva via kictanet <kictanet@lists.kictanet.or.ke> wrote:
Those new terms from Facebook/WhatsApp are terrible. Bad for privacy. 

To illustrate how good laws and punitive fines protect citizens, Facebook has different rules for Europe. Because of GDPR,  these new changes do not appear in the European version of the updated terms and conditions. Facebook later confirmed that the rules will not apply in the EU, EEA, or the UK.  https://digit.fyi/facebook-to-access-whatsapp-user-data-except-in-europe/

It seems the rest of the world does not matter, even with Data Protection laws available in countries like Kenya. Perhaps it is contempt from Facebook for smaller jurisdictions (What will you do? attitude. - Mtado?). This would be a good intray for the new Kenyan Data Commissioner.

My take is that the new rules will not hurt WhatsApp in the long run because of the phenomenon called Network Effect (the value or utility a user derives from a good or service depends on the number of users of compatible products) https://en.wikipedia.org/wiki/Network_effect

Those Church groups, Estate groups, Former school groups, investment groups, ... are not moving to Signal or Telegram. A few techie groups and privacy-oriented groups may move, but my prediction is those are the exceptions.
______________________
Mwendwa Kivuva, Nairobi, Kenya
https://www.linkedin.com/in/mwendwa-kivuva


On Mon, 11 Jan 2021 at 22:31, David Indeje via kictanet <kictanet@lists.kictanet.or.ke> wrote:
Listers,

I think all apps have been sharing our data. It is only that Facebook has gone public, after all it also owns Instagram. What if it buys Signal for the Signalers? 

On Mon, Jan 11, 2021, 8:23 PM John Kariuki via kictanet <kictanet@lists.kictanet.or.ke> wrote:

Listers

What are your thoughts on the new terms of service and privacy on What's Up? Facebook plans to share What's Up data with other Facebook products starting from 8th February 2021.


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Best regards,

Renée Kamau.

LL.B. (UoL); PGDip (KSL); LL.M. (ONU)

   

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