|3 THINGS THAT WILL CHANGE THE WORLD TODAY|
Good morning, here’s your Monday morning briefing to set you up for the day ahead. Look out for these three things happening around the world today.
Facebook turns 15
Today sees Facebook celebrate its 15th birthday. However, the social media has already been in more trouble than most 15-year-olds after a year of scandal, and its popularity is on the decline.
Ex-Harvard graduate Mark Zuckerberg’s brainchild made a record $6.88bn in profits in the last quarter, but just like your average teenager its growth is unlikely to continue into its 20s.
Behind this is the fact that “Facebook is now not cool,” said Dr Ben Marder, senior lecturer in marketing at the University of Edinburgh’s Business School. It’s a horrible truth for any teen, but Marder gave Facebook age-old advice: “Stop trying to be cool.”
Instagram and Snapchat may be more desirable platforms and appeal to a younger crowd, but we can safely bet that this won’t be the last birthday celebrated by Mark and his social network.
But perhaps Facebook can be better than its users in its 16th year, and finally grow up and take some responsibility.
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Alphabet announces results amid GDPR challenge
While these are generally expected to be relatively unremarkable, recent issues at the company may play a role.
Most significant is the €50m GDPR fine levied against the company by French authorities, which the company is currently appealing.
This is expected to be addressed during the investors’ call, with additional details about how the company plans to respond likely.
UK’s absent workers hit yearly high
Today UK businesses will take a significant productivity hit as absenteeism reaches its highest of the year.
The first Monday in February is informally known as National Sickie Day, due to the number of people who call in sick each year.
The phenomenon is blamed on a combination of post-Christmas blues, poor weather and a long wait until summer, which take a toll on employees’ mental and physical health.
The day comes shortly after after think tank Autonomy published recommendations for a four-day working week in response to automation.