Amazon and It’s E-Commerce Dominance

The retail landscape is rapidly changing and Amazon has been dominating the e-commerce market for too long and has become a behemoth of a company in all the areas of e-commerce where the numbers are doing the talk.

Amazon’s share of the US Ecommerce Market is now 49 percent where it’s rivals like ebay is in single figure percentages(6%).
New numbers from researchers at eMarketer reveal that Amazon is set to clear $258.22 billion in the US retail sales in 2018.

The Report goes on to mention that Amazon’s pace has not slowed down.”It’s sales are up 29.2 percent versus a year ago , when it commanded 43 percent of all e-commerce retail sales” reports TechCrunch.

Amazon being a behemoth of a company and being fueled by a strong marketplace network of third party sellers,an ever expanding range of goods from groceries to fashion.

With Amazon Prime being a very popular loyalty program more people will be spending money with amazon, than with any other retailers combined.

Though these new numbers may renew the prospect of anti trust action being brought against the online giant.

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Watermelon Yummy Yum!!

Watermelon is thought to have originated in Africa’s Kalahari Desert.Believe it or not,the first recorded watermelon harvest is believed to have occurred nearly 5000 years ago in Egypt  and is even depicted in Egyptian hieroglyphics on the walls of their ancient buildings.This fruit -which  is actually  vegetable,relative of the cucumber-was often placed in the burial tombs of kings to provide nourishment in the after life.

Today the watermelon has spread to different countries and can be found on most continents.

Watermelon is sweet,healthy and refreshing fruit,and quite often ,people can’t seem to get enough of it.And unlike a lot of other favorite foods,it is actually  good for you.

 

To be different!

70,000 years ago if an elder told you to avoid eating a plant, you’d listen.

They’d teach you how to spark a fire, build a shelter, throw a spear.

And you’d listen.

That’s how we survived as a species.

By listening.

By following.

By taking our tribe’s word as gospel.

But modern society has simplified survival.

Shelter, food, and water have become accessible.

Environments predictable.

Yet we continue to obey societal norms unflinchingly.

Because our hunter gatherer brains set off alarms if we go against the grain.

Worried that if we do, we’ll die.

That’s why students go hundreds of thousands of dollars in debt.

Why young adults choose a safe job they hate over a risky passion project they love.

Why strangers avoid other strangers on the bus.

Being different violates our social conditioning.

So it takes a special person to develop his or her own unique path.

To ask why.

To question ‘This is how it’s always been done.’

These are the iconoclasts.

The Galileos and Gandhis.

The Mandelas and Malalas.

Who, when speaking their truth, are ignored, laughed at, and fought against.

But hold strong nonetheless.

If you’re willing to be different, prepare to be judged.

But know that you’re not alone.

You’ll occupy that small club of humans.

Who took a different path.

Ignored their elders.

And pushed humanity to new frontiers.

What do I know ?

I’m confused all the time.

Every new book I read, every new experience I have, I fall down a deeper well of uncertainty.

There are infinite opinions.

Endless ways to live.

From Buddhist monks to Western capitalists.

Vegans to carnivores.

Gun lovers to gun haters.

Everyone thinks they have the answer.

That they’re living the right way.

But is there a right way?

If there’s anything I’m certain about, it’s that no one knows anything for certain.

Not me, not you, not the Dalai Lama.

In fact, if someone claims they do, be instantly skeptical.

Because we’re all different and fallible.

What may work for me may not work for you.

What will work in one situation may not work in another.

So the danger lies in taking what someone says, especially experts, as unquestionable fact.

Certainty is the enemy.

It’s behind genocides, economic crises, wars.

But luckily, there’s a simple test that you’re doing things right.

Humility and a sense of humor.

The willingness to admit that you’re wrong or unsure.

To laugh at yourself.

And contradict yourself.

To change who you are and what you believe.

Over and over.

Winston Churchill said, “To improve is to change; to be perfect is to change often.”

Socrates wrote, “I know one thing; that I know nothing.”

And don’t get me wrong this approach to life is tough to swallow.

It hurts the ego to know you’ll never have the answers.

That you’ll forever be confused and skeptical of your own thoughts.

But the silver lining is that it frees you to grow.

To learn.

To pick what works for you.

And genuine happiness can only come from this kind of growth.

But then again, what do I know?

Hello Network : A New Approach to Social Media

Around the world – and especially in India and Brazil – Orkut was the introduction to social networking in the early 2000s. Developed by Google employee Orkut Buyukkokten in 2004, Orkut.com at its peak saw 300 million active users on the platform, until it was supplanted by Facebook, and eventually shut down in 2014.
Hello Network is Orkut Buyukkokten’s fourth social media venture, and was launched in May 2016 as an app-only platform, with the goal of creating an offbeat social platform where users could explore bonds and friendships with other people.

Hello connects you with people and content around your passions. Enjoy an unexpected experience that lets you show the world who you are, express what you love, and create meaningful connections.

Hello Network gives users the option to make connections with people who have similar interests and also build communities. To get started, users need to choose from over 100 personas like ‘Bollywood Fan’, ‘Cricket Fan’, ‘Fashion Enthusiast’, ‘Fitness Buff’, ‘Foodie’, etc. Personas essentially let users connect to people who have chosen the same personas. Users can switch personas anytime they want to. Hello customizes the news feed of users according to their interests and hobbies.

It has a Potential feature, that links people in a common location who share common interests. Through its direct messaging feature, Hello Network users can share images, gifts and expressions, and expand their connections. On the Hello Network, users get points on the basis of their interactions and connections.

Built particularly for the new mobile generation, “Hello” brings people together around their interests to create positive, meaningful, authentic connections and sustained social engagement, the company said in a statement.
“We designed ‘Hello’ to help you make connections in the real world. It’s a social network built on loves not likes, and I’m delighted to say ‘Hello’ to India once again,” said Buyukkokten, now the CEO of San Francisco-based Hello Network Inc.

According to a PTI report, when asked about the monetisation model, Buyukkokten said the company does not have to sell user data to get revenues. “When a user signs up, they are asked about five things that they are passionate about and then get recommendations that are non-intrusive. We also ensure that every advertiser has a profile on hello (for greater accountability),” PTI quotes him as saying. Hello also doesn’t share user information with with third-party apps.

While the app surely promises a lot, it will have a long daunting task as it moves to increase the number of users to be able to become a successful community network. The app has just come out of the beta stage in India. Though it is worth a try, not everyone might see it as a cool alternative to Facebook.

Whatsapp Data Scandal

While the news regarding Facebook data leak with Cambridge Analytica is still boiling all around, in another news , WhatsApp – freeware messaging app by Facebook –  is now being accused of sharing its payment-related data with Facebook and other third-party apps.

WhatsApp launched its UPI-enabled payment services on February 8, this year. WhatsApp has been accused of killing the UPI interface. In an interview with CNBC, Vijay Shekhar Sharma, Paytm founder, has already accused WhatsApp of evading essential authentication processes.

As per the WhatsApp payments privacy policy, “We share information with third-party providers and services to help us operate and improve Payments… To send payment instructions to PSPs (payment service providers), maintain your transaction history, provide customer support, and keep our Services safe and secure, including to detect, prevent, or otherwise address fraud, safety, security, abuse, or other misconduct, we share information we collect under this Payments Privacy Policy with third-party service providers including Facebook,”

Evading the Login and password essentiality to make UPI-enabled payments, WhatsApp has also thus skipped the 2-step authentication in the name of making the payments easy.  Vijay Sharma which has already reached the NPCI alleging the organisation’s preferential service to WhatsApp, accused Facebook of trying the same trick again by killing the open UPI system with closed implementation through the payment feature on WhatsApp.

The Facebook-owned WhatsApp existing policy states that the data which includes fetching a user’s name, number, transaction, date and time are collected so as to review user’s account activity to determine whether the user continues to meet our Terms and Payments Terms.

Interestingly, WhatsApp apparently does that by breaching the NPCI guidelines on users’ data privacy.

Also, sharing its transaction data with third parties is not in sync with the NPCI guidelines which states, “The PSP shall not share the data with any other third party unless mandated by applicable law or required to be produced before a regulatory authority. In such exceptional cases wherein data is required to be shared under applicable law or required to be produced before a regulatory authority and to the extent permitted under such law by such regulatory authority, the PSP shall provide a prior written intimation to NPCI & Bank of such disclosure.”

While WhatsApp has apparently stated that it might follow the NPCI guidelines once it will roll out the payments solution for all the 200 Mn Indian users. 
However, does that justify, playing with the existing 1 Mn users, who have already subscribed to the payments solutions?

Out of 1.5 Bn global users, WhatsApp has 200 Mn users in India. While the company’s UPI-enabled payments solution is currently limited to a user base of 1 Mn, as part of a pilot project, the company has already planned to open it to every Indian user. This might alarm another trust breach by Facebook, as most of the users aren’t aware of such terms and conditions.

Sharing of personal data such as mobile number, bank account details, number and amount of transactions being done with third parties by payments firms can shoot up the rate of phishing attacks in India significantly.
“So far these hackers have been getting passive data about banking customers from random sources. If payment firms start sharing data with third-party companies then it will help the hackers pinpoint that user with every minute detail required,” said an industry expert requesting anonymity.
“In case of payments firms, it also exposes a user’s financial capability to other advertisers,” the person added.

While rival Paytm states that it doesn’t sells or rents a user’s personal information to any third party, it stresses that it will have to do so in case there’s a “legally compliant request for its disclosure”.
“We reserve the right to communicate your personal information to any third party that makes a legally-compliant request for its disclosure,” Paytm says in its privacy policy.

Whatsapp made its entry into the digital payments space in India earlier this year.The digital payments space in India had a total transactional value of Rs 3,37,267 crore in 2018 and is growing at 17.4 percent CAGR.

Hello world

Well Hello once again,
Being in a world that is ever changing changes a person drastically and his perspective about all these changes across us.Living in a such technologically advance and competitive surrounding you never get to know where you stand and whats ahead to come.
I have experienced a change and have forgotten my roots where I started and where it all began to change.
I wonder how will be going ahead whats to come for me.
Various in my head are still concerning and I am trying to figure out what i am going to do further and I will always make sure to experiment and evolve my skills to understand and compete with all the problems to come ahead and keep my head up leaving behind things that have made me degrade but not anymore with that said lets see whats about to come.