The Apple Watch, a Galaxy Fold, a iPad, VR headsets, voice assistants, and a whole lot some-more sparkling tech has been birthed over a final 10 years, and we’re grateful for roughly all of it. The transformative outcome they’ve had on a lives can't be overstated, blah, blah, blah.
Singing a praises, again, of all these good innovations is all good and good, though what about a flip side? What happened in a record courtesy that generated scandals estimable of a tabloids, caused intensity business-ending disasters, cost companies millions, or incited executives red in a face?
Now that’s many some-more interesting. You already know a Apple Watch is a best smartwatch out there, though do we remember Samsung’s Vice Chairman going to jail in 2018?
Yeah, suspicion that would get your attention. Let’s puncture in, and see who a indeterminate “winner” is for a biggest tech scandals of a decade.
The bomb Samsung Galaxy Note 7
We’re kicking things off with a crash here! Sorry, we had to. After several Galaxy Note 7 phones exploded while being charged, Samsung was forced to finish prolongation and remember a luckless phone. It reportedly cost a association a whopping $5.4 billion once all was pronounced and done. Even a few airlines criminialized onboard use of a phone. Such widespread broadside and proliferating reports severely threatened to be a finish of a Note array entirely. It was such a large story, we even had a beam on how to return your burning Galaxy Note 7.
A disaster that would’ve dejected obtuse companies didn’t finish adult inspiring Samsung’s reputation, however, or Note fans’ lust for new hardware. Samsung returned with a Galaxy Note 8, that was met with vicious acclaim, emphasizing a work it had finished to make a battery safer. Since then, a array has left on to turn one of a really best phones we can buy any year. Samsung eventually reissued a Note 7 as a Fan Edition, with essential fixes to a battery, in some markets since people still usually desired it so damn much.
Samsung’s clamp authority convicted on bribery
Although it finished no disproportion to Samsung’s business financially, this was a clarification of a scandal. It had everything: a billionaire executive and successor to a Samsung throne, domestic ties that went all a approach to a top, horses value millions used for bribery, and cinema of pronounced executive in shackles being led divided by a cops. What some-more could we want?
The story ran for months as fact after luscious fact was revealed. The finish outcome was Samsung’s clamp authority Lee Jae-yong being arrested and condemned to 5 years in jail in 2018, found guilty of bribing advisors to South Korea’s then-president Park Guen-hye, in sequence to concrete his position during a control of a organisation and benefit capitulation for a pivotal business merger. Again, like fallout from a Note 7, Samsung didn’t seem to humour much.
Like roughly all scandals, this one concerned money. Lots of money. In 2014, Andy Rubin, a masculine who combined a Android program height left Google with a $90 million handshake and regard from a whole team, including arch executive Larry Page. In 2018, it came to light that Google had investigated Rubin for passionate misconduct, and found a accusations “credible,” a year before he left. Google, undeterred, swept this aside and a $90 million was paid out, in further to a monthly installment of $2 million for 4 years. Google even invested in Rubin’s successive venture, Essential, too. The repercussions of a accusations opposite Rubin continued into 2019, when he teased a Essential Phone 2, and was met with pushback from courtesy observers, journalists, and other justly dissapoint spectators.
For those seeking context, see this thread: https://t.co/MW4F0glvZA
mdash; David Ruddock (@RDRv3) October 9, 2019
The ride-sharing organisation has had too many scandals over a past 10 years to list individually, or to singular one out as “the worst.” From former Uber CEO Travis Kalanick’s reduction than delicious function and subsequent resignation to Uber driver’s determined complaints of compensate to sexist remarks, spying on riders, suggestions to puncture adult mud on journalists, and $20 million dollar fines over fake advertising, Uber has finished a good pursuit of staying in a headlines — for all a wrong reasons.
Sony information hacks
Not one penetrate though several ensures Sony a position in a tip ten. In 2011, a comment sum including names and addresses of 77 million PlayStation Network comment members were stolen, heading to a shutdown of a service, and many unfortunate gamers. Just months later, another hack unprotected private information on those operative in Sony Pictures, a partial of a association that suffered again a few years after in 2014.
It was afterwards that Sony Picture’s corporate email complement was hacked, exposing both financial sum and annoying emails, that among other things, suggested a inconsistency between compensate for masculine and womanlike film stars. The splendid side? Stupid comedy film The Interview’s recover was hobbled due to threats of terrorism opposite theaters that showed a movie.
Theranos scammed hundreds of millions of dollars
A startup with an astronomical gratefulness of $9 billion betrothed to control blood tests not with a needle, though with usually a volume of blood collected from a finger prick. Except it couldn’t deliver, and apparently did all it could to censor this fact as high form investors, including Rupert Murdoch and Walmart heirs a Waltons (as good as partners like Pfizer and Walgreens) continued to flow income into a venture. Founder Elizabeth Holmes and her business partner are being investigated by a supervision for fraud.
Charismatic Holmes, like all individualist Silicon Valley CEOs indicted of crimes or otherwise, has stayed in a news due to a trial, and even perceived coverage after a warn marriage. A film is even being made about this twisty tale. Theranos’ story has not played out yet, though to get entirely adult to date with what has happened so far, review a fascinating book Bad Blood: Secrets and Lies in a Silicon Valley Startup for more.
VW calculated emissions results
Scandalous corporate function during a comprehensive best. Or worst, if we like. Volkswagen eventually admitted, after investigations began in 2015, that it used program commissioned on a vehicles to dope tests carried out by supervision organizations into meditative a cars were considerably some-more environmentally friendly than they indeed were. The association paid dearly not usually in reputation, though also by compensation, fines, and a $20 billion strike on a association value. It’s still boring on too, as a category movement lawsuits in a U.K. usually started during a commencement of December.
Breaking unbreakable windows on unattractive, bony vehicles is one thing, though carrying to compensate a $20 million allotment in a box brought about by a SEC is another. Over what? Tweeting a throw-away fun about holding a association private, promulgation a batch tumbling, and therefore dubious investors. Tesla also got strike with a $20 million fine, and Musk had to step down as authority of a association for a smallest of 3 years. Add in “pedo guy” comments, threats to start a website to rate journalists’ credibility, brushing aside analysts questions during gain calls, and smoking pot during a live-streamed podcast, and you’ve got usually some of a many reasons because Musk is one of a many divisive people of a past decade.
Yahoo information breach
A two-part confidence destroy gives Yahoo a neglected respect of a largest penetrate in terms of stolen accounts seen over a past 10 years. Back in 2013 and 2014, information from three billion Yahoo accounts was stolen. Yes, 3 billion, or in other words, any Yahoo comment there was. Names, addresses, passwords, and later, confidence questions and answers were all stolen — apparently by opposite hacking groups. Its tarnished repute didn’t stop Verizon profitable scarcely $5 billion for a association in 2017, though it couldn’t defense Yahoo from an expensive category movement lawsuit that’s still not staid today.
Data from 87 million Facebook users was illegally mined and used to allegedly manipulate a Presidential debate in 2016, and a Brexit opinion in a U.K., along with accelerating a alt-right’s advent to mainstream recognition. One of a many new scandals on a list, a story behind it is still being told, and a long-reaching implications of how a information is used and abused competence not have been entirely satisfied either. Those meddlesome in meaningful some-more about how life has been altered by Cambridge Analytica and a online information can now review dual books on a subject created by people directly involved.
It’s tough to choose, isn’t it? Liars, cheats, rapist convictions, drugs, theft, bribery, and utterly a lot of really mucky function make this one of a many hard-fought shootouts we’ve ever held. So formidable in fact, that a preference has been finished to give all those competing an endowment — creation it a draw. Congratulations everyone, we should all be likewise ashamed of yourselves.
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