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Showing posts with label Social News. Show all posts
Showing posts with label Social News. Show all posts

Ways To Avoid Being Denied Your Mortgage



In some cases, people come up with part of the money needed to buy a house, but coming up with the rest of the money becomes hard. Based on this situation, a fair number of people take special loans from banks in order to buy a house in Nigeria. 

The reality is that not everyone who requests mortgage from banks is given instead they are denied mortgage because of simple mistakes they could have avoided. Below are helpful tips on how to avoid being turned down when you request for a mortgage.

Buy land in Fountain Blue Estate

Eliminate Your Debts
Before a bank grants people mortgage, they always want to know if you are a debtor or a debt-free person. When applying for a mortgage, make it a priority to eliminate all your debts if possible. Existing debts send banks a red signal.

Own Apartment in Dubai

Improve Your Debt-To-Income Ratio
The debt-to-income ratio is simply the ratio of the amount of your income you allocate to paying debts, to your total income. When you have a debt-to-income ratio greater than 30 – 35 percent, you should be aware that you are on the red side. To stay on the green side, you should reduce your debt-to-income ratio to 30 percent or less.

You can reduce your debt-to-income ratio by increasing your income.

Invest now at Sheraton-Hills Gardens Estate 


Keep a Good Employment History
Before any bank loans money out, they would have to confirm that the person can pay the loan back. Are you the kind of person who switches jobs often? If yes, this is a red signal to a bank. Financial institutions will consider this financial instability, and deny your application for a mortgage. When you want to request a mortgage, it is important that you are stable job-wise.

If you can avoid all the mistakes listed above you can increase your chances of the bank granting you a mortgage.

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PROPERTYPRO: THE 2018 FIRST QUARTER REAL ESTATE REPORT

THE 2018 FIRST QUARTER REAL ESTATE REPORT

Nigeria’s leading online real estate sector PropertyPro.ng (Formerly ToLet.com.ng) releases a report of the Nigerian real estate sector for the first quarter of the year 2018. The report focused on the trends of the Nigerian real estate market in the year 2017 and the first quarter of 2018. 


The study analyzed how impactful the economic recession was in the real estate market. It also looked at trends and going prices for properties within the residential and commercial umbrellas of the real estate market.

According to the CEO, Fikayo Ogundipe, “a lot is happening in the real estate sector, especially in Nigeria, and we feel it is something worth talking about. With this report, everyone interested in the real estate sector in Nigeria will be able to understand the current trends of the Nigerian real estate sector.” The report has been influenced by the rate at which properties are searched for online by Nigerians and this explains the interest of house hunters in 2017 and the first quarter of the year 2018. “We monitored the most searched types of properties by Nigerians along with the price range that fell with the interest of online real estate end users,” said Ayeni, the Chief Technical Officer.

As noted by the Chief Operating Officer and co-founder, Oladapo Eludire, “Real estate investment always require lots of funding and when dealing in such high-risk investment, gut-feeling isn’t enough in making the best decisions. Such decision needs to be backed up by data. PropertyPro.ng being the most used online real estate platform with the largest listing database across the country has given us insight into the Nigerian real estate market on a micro and macro level.”  Sulaiman Balogun, Chief Business Officer, and co-founder stated that the statistical verbal of the report makes it evident that the real estate sector is experiencing a significant growth to retain its position as the 5th biggest contributor to the GDP of Africa’s largest economy.

This report by PropertyPro.ng has detailed study of the real estate economy in the economic overview column while the property trend explains the current trend of the Nigerian real estate market in terms of residential and commercial properties, and the current trend in the prices of properties (for sale and for rent) in various locations across the country. Contained in this report is the Land Use act thoroughly explained. This real estate report by PropertyPro.ng also featured studies of emerging real estate market in Nigeria as a whole, highlighting activity and performance. For more information about the real estate quarterly report by PropertyPro.ng, Kindly visit https://www.propertypro.ng/report.

PropertyPro.ng (formerly ToLet.com.ng) is one of Nigeria’s prominent online real estate company with parlaying success of providing solutions to bridge the gap between real estate professionals, investors, and house hunters. PropertyPro.ng is a member of the ToLet Property Group along with other members; Prestige magazine, PropertyPro Magazine and Moveme.com.ng founded by the brainchild of four visionary young men; Fikayo Ogundipe, Oladapo Eludire, Sulaiman Balogun and Oluwaseyi Ayeni. With the acquisition of Jumia House (Lamudi), PropertyPro.ng has pivoted to become a property classified platform with over 10,000 agents and over 60,000 listings.

Experts have projected the Nigerian real estate sector will grow at the average of 10% in the next few years. The real estate sector has been valued by National Bureau of Statistics to worth at an average N8.06 trillion which is over 8% of Nigeria’s GDP. With the recession that hit the country a few years ago, the real estate market in Nigeria still remains vibrant.
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Make Your Home Have An Electrifying Lighting


I hate travelling especially when I have to drag my 5 years old daughter along with me. Have you ever spanked your child for asking too many questions? Shola asked me why the sky was blue once, and I swear I almost passed out. We went to visit a cousin who won’t stop asking me to come over so she could throw her beautiful house in my face. Shola‘s questions about chandeliers during our visit to my cousin’s made me develop interest in them;

“Mum, mum, mum, what is this big raindrop that is about to fall on my head

It is making my eyes turn, Mum!”

I ran out from my cousin’s room, frustrated and amused at the same time. It was just a chandelier!

Beautiful Crystal Chandeliers
Beautiful Crystal Chandeliers


Your chandelier can even be shaped in a gun
Your chandelier can even be shaped in a gun

Make your house look like a forest with the shadow chandelier

Make your house look like a forest with the shadow chandelier

Chandeliers are a great addition to just about any room, but knowing what size is best and how high to hang them can be really tricky.

You can spend anywhere from a hundred to several thousands of  Naira on a chandelier and choose from a wide range of styles. There are some guiding principles to help you choose. First is style: when in doubt, keep very close to the period and architectural style of your house.

Measure the room dimensions in feet and add them together to find the suitable diameter in inches. For instance, a room that’s ten feet by twelve feet would look great with a twenty-two-inch chandelier.  It should measure roughly a third of the width of the room and hang thirty inches above the floor, centered in the room.

While it will be the focal point, don’t count on the chandelier as the only or major light source in the room. Other forms of lighting such as recessed lights or table lamps will help light the room more effectively and give the room more life.


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How to find tenants

Finding the right tenant can save you a great deal of time and money. The ideal tenant is one that pays the rent on time and keeps the property in good condition. That is why it’s so important to invest time and energy in finding the right tenant for your house.


Never rush the process
Some landlords/agents just rush and accept any tenant into their house who can pay the money immediately. This tends to happen mostly when the house has been up for rent on the market for a long time. Desperation can trigger a landlord selling to anyone which can cost more in the longer term compared to an empty property.

Research
Ensure you do your due diligence and don’t just dismiss a tenant just because of what you perceive. That person you turned down may just be the best tenant you will never have. Be logical and do your research before you pick a tenant.Don’t be afraid to sound intrusive. You need to confirm a tenant’s ability to pay the rent before you make any decision.

Be flexible
To get the most out of a deal; you have to be flexible. Stick to your plan but be prepared to adjust to also accommodate your tenant preferences.

Take advantage of technology
With the advent of technology, you can advertise your property via social media or a reliable online platform like PropertyPro.ng.
In your listings on social media try to include a nice photo of your house, basic details of the house and your contact information.

Trust your gut
Just because someone has a good job that doesn’t mean that person will be the best tenant. Even the best-paid tenant could vandalize your property. If you are uncomfortable about a potential tenant then it may be advisable to continue your search.

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7 Principles to Develop Toughness and Build the Life You Want to Live


“Don’t wait until everything is just right. It will never be perfect. There will always be challenges, obstacles, and less than perfect conditions. So what? Get started now. With each step you take, you will grow stronger and stronger, more and more skilled, more and more self-confident, and more and more successful.” — Mark Victor Hansen

At our core, all of us are looking to develop and grow in the four components of wellness: mental, emotional, physical and spiritual. Each component impacts the other, which means they have an interdependent relationship. Each day, as we make strides and build upon our core, we get stronger, more confident and smarter. We get TOUGHER.

There are a lot of different definitions out there about what “tough” means. Far too often, it is given a negative connotation.Toughness is defined as, “strong and durable; not easily broken or cut; capable of great endurance; sturdy.” Think about that — capable of great endurance. Strong and durable. Aren’t those qualities you’re looking for as you develop into the woman or man you desire to be?

Mentally, we hope to become resolute, committed and confident in our approach to everyday living. Emotionally, while it’s always good to be vulnerable and kind, it’s equally as important to be courageous, faithful and hopeful in the face of fear. Spiritually, getting in touch with what makes us who we are isn’t easy. It takes time. It takes perseverance and endurance through challenging personal battles.

And physically, it’s important to develop our muscles and take good care of the vessel that enables us to navigate this journey called life. People who take excellent care of themselves are tough — they’re able to withstand life’s nicks, scrapes, bumps and bruises. They power through adversity and failures and on to victories.

I’ve spent a lot of time coaching and working with high-achievers and top-performing teams. I’ve led them in an effort to help develop the soft skills, emotional intelligence, identify strengths and weaknesses and enable them to breakthrough and build upon both successes and failures. I’ve found that tough people aren’t born that way — they start out as a proverbial slab of marble and are sculpted into a refined, powerful work of art.

“Life isn’t easy, but you never quit. Never. I may not have been the best, but I can always give my best. That’s how you demonstrate toughness.” — Jay Bilas

A fantastic book was written on the topic by Jay Bilas, a former college and pro basketball player and current analyst. The eponymous title, Toughness, explores the ways in which we can all grow, develop and become tougher to succeed. I decided to extract the most value I could from his book and my experience in coaching high-performers, and synthesized it here for you to understand.

I think you’ll find these 7 principles will change your life and are applicable to every one of us. I paraphrased some of Bilas’ points and illustrate how we can develop toughness and live life on our terms.

1. Work so Hard that You Have to Rest
The world’s most successful people preach about the value of meditation and getting a proper night’s sleep. We all have to rest. Our rest and daily reset should come after we’ve challenged ourselves and given every ounce of ourselves to working for our daily goals. Give your absolute best to every task in front of you. And give your best to your parents, husbands, wives and children, too.

Maximize your output in all of your opportunities and relationships.

2. Finish What You’ve Started
One of the most common threads in why some people don’t feel fulfilled in their personal and professional lives is very simple: they get started on something and fail to finish. Think about it — what’s the point in that? The defining characteristic of every high achiever is that they finish what they’ve started. They either accomplish a task, reach a goal, or abandon course for a wiser, better alternative.

3. Focus with Determination on the Task at Hand
Multi-tasking, while very appealing, DOESN’T WORK. Don’t believe me? Take this from the Cleveland Clinic:

The neuroscience is clear: We are wired to be mono-taskers. One study found that just 2.5 percent of people are able to multitask effectively. And when the rest of us attempt to do two complex activities simultaneously, it is simply an illusion.
You’re growing and getting tougher when you focus with every ounce of concentration on what you’re doing in that moment.

4. Encourage Yourself and Encourage Others Who Work With You
This is straight out of the Dale Carnegie (of How to Win Friends and Influence People fame) playbook: Encourage the people around you, celebrate their wins and congratulate them on their success. But guess what? Do the same thing for yourself! Positive thought encouragement enables us to power through adversity and challenging tasks, leading us to triumph and victory. When you are genuinely self-motivated and encouraging to others, you are a person that will keep moving forward. And everyone wants to be around that person.

“Failing doesn’t make you a failure. Failing makes you a competitor. Every competitor fails. If you lay it on the line, you will come up short at times. Failure is a part of competing, and embracing that fact is an important component of toughness. Tough people fail, but tough people are not failures. The only failures are those who give up, or give in.” — Jay Bilas

5. Be Alert to Change in Your Life — and Change all Around You
As John F. Kennedy once said, “Change is the law of life, and those who look only to the past or present are certain to miss the future.” Change is unavoidable. It’s always coming for us, seeking us out whether we run, hide or embrace it. So be alert. Be alert to new opportunities. Be alert to ways you can build upon your successes, and likewise how to learn from your defeats.

6. Take Responsibility — Own Your Words and Actions
You want a surefire way to fail? Blame other people for your words and actions. Make excuses and refuse to take ownership. Deny responsibility and pass the buck to someone else. Those are the marks of a person that no one wants to work with. And if you’re seeking self-employment or entrepreneurship, you would be wise to correct this before you begin any prospective venture.

It starts with you. You will make tremendous strides in life, endure when others falter and continue growing when you accept responsibility in good times and bad. Forge ahead with a winner’s mindset. Winners are tough and always accountable for what they say and do.

7. Have One Fixed Objective— Get Better Every Day
If you’re struggling to determine what your passion, purpose, mission, definition of success or goals are, please let me remind you to start with this very simple objective: Get better every day. You have the time. Read one chapter in a book to learn a new skill. Jump rope for 10 minutes to increase your cardiovascular fitness. Spend 10 minutes in mindfulness meditation that allows you to think clearly about what’s most important in your life.

Write a small journal entry about your feelings, what moves you and what inspires you. All of these things take a little amount of time. All of them can be accomplished with minimal investment. And all of them will begin forming the compounding effect of helping you to improve and get better each day. Toughness is a prized quality among the most happy and successful people. Go on, you’re a lot tougher than you think.

You Can Do This
Join my newsletter and let me know if you’d like to work together as you build each day toward living the life you truly want. Let’s GO!


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NO MORE OMO ONILE

Image result for oMONILE ISSUE
Happy days are here for all the land owners and intending ones in Lagos as the Lagos State House of assembly passed into law a bill to battle the Omo onile also known as land grabbers. This bill which was passed yesterday prohibits forceful entry and illegal occupying of landed property in the state.

According to Mudashiru Obasa, the Speaker of the Lagos State House of Assembly, a clean copy of the bill has been forwarded to the state Governor, Mr. Akinwunmi Ambode for his assent by Mr. Azeez Sanni, the acting Clerk of the House. This was done after the Bill had gone through the Third Reading and passed by a voice vote of all members present at plenary session.

What does this mean for landed property investors and owners?

No more forceful land take-over, entry by force, illegal occupying of property, illegal use of Law enforcement agents, encroaching with a weapon, sales of property without authority and professional misconduct among others. According to the provisions of the bill offenders can now face a maximum and minimum of 21 and 5 years imprisonment, there are also various fine impositions for such persons.


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Building a Text Editor for a Digital-First Newsroom

An inside look at the inner workings of a technology you may take for granted

If you’re like most people in America, you use a text editor nearly every day. Whether it’s your basic Apple Notes, or something more advanced like Google Docs, Microsoft Word or Medium, our text editors allow us to record and render our important thoughts and information, enabling us to tell stories in the most engaging ways.

But you might not have ever thought about how those text editors work under the hood. Every time you press a key, hundreds of lines of code may be executing to render your desired character on the page. Actions that seem small — such as dragging a selection over a few words of text or turning text into a heading — actually trigger lots of changes in the system underlying the program.

While you may not think about the code powering these complicated text-editing maneuvers, my team here at The New York Times thinks about it constantly. Our primary task is to create an ultra-customized story editor for the newsroom. Beyond the basics of being able to type and render content, this new story editor needs to combine the advanced features of Google Docs with the intuitive design focus of Medium, then add lots of features unique to the newsroom’s workflow.

For a number of years, The Times’s newsroom has used a legacy homegrown text editor that hasn’t quite served its many needs. While our older editor is intensely tailored to the newsroom’s production workflow, its UI leaves much to be desired: It heavily compartmentalizes that workflow, separating different parts of a story (e.g. text, photos, social media and copy-editing) into completely different parts of the app. Producing an article in this older editor therefore requires navigating through a lengthy series of unintuitive and visually unappealing tabs.

In addition to promoting a fragmented workflow for users, the legacy editor also causes a lot of pain on the engineering side. It relies on direct DOM manipulation to render everything in the editor, adding various HTML tags to signify the difference between deleted text, new text and comments. This means engineers on other teams then have to put the article through heavy tag cleanup before it can be published and rendered to the website, a process that is time-consuming and prone to mistakes.

As the newsroom evolves, we envisioned a new story editor that would visually bring the different components of stories inline, so that reporters and editors alike could see exactly what a story would look like before it publishes. Additionally, the new approach would ideally be more intuitive and flexible in its code implementation, avoiding many of the problems caused by the older editor.

With these two goals in mind, my team set out to build this new text editor, which we named Oak. After much research and months of prototyping, we opted to build it on the foundation of ProseMirror, a robust open-source JavaScript toolkit for building rich-text editors. ProseMirror takes a completely different approach than our old text editor did, representing the document using its own non-HTML tree-shaped data structure that describes the structure of the text in terms of paragraphs, headings, lists, links and more.

Unlike the output of our old editor, the output of a text editor built on ProseMirror can ultimately be rendered as a DOM tree, Markdown text or any other number of other formats that can express the concepts it encodes, making it very versatile and solving many of the problems we run into with our legacy text editor.

So how does ProseMirror work, exactly? Let’s jump into the technology behind it.

Everything is a Node
ProseMirror structures its main elements — paragraphs, headings, lists, images, etc. — as nodes. Many nodes can have child nodes — e.g., a heading_basic node can have child nodes including a heading1 node, a byline node, a timestamp node and image nodes. This leads to the tree-like structure I mentioned above.

The interesting exception to this tree-like structure lies in the way paragraph nodes codify their text. Consider a paragraph consisting of the sentence, “This is strong text with emphasis”.

The DOM would codify that sentence as a tree, like this:

In ProseMirror, however, the content of a paragraph is represented as a flat sequence of inline elements, each with its own set of styles:


There’s an advantage to this flat paragraph structure: ProseMirror keeps track of every node in terms of its numerical position. Because ProseMirror recognizes the italicized and bolded word “emphasis” in the example above as its own standalone node, it can represent the node’s position as simple character offsets rather than thinking about it as a location in a tree. The text editor can know, for example, that the word “emphasis” begins at position 63 in the document, which makes it easy to select, find and work with.

All of these nodes — paragraph nodes, heading nodes, image nodes, etc. — have certain features associated with them, including sizes, placeholders and draggability. In the case of some specific nodes like images or videos, they also must contain an ID so that media files can be found in the larger CMS environment. How does Oak know about all of these node features?

To tell Oak what a particular node is like, we create it with a “node spec,” a class that defines those custom behaviors or methods that the text editor needs to understand and properly work with the node. We then define a schema of all the nodes that exist in our editor and where each node is allowed to be placed in the overall document. (We wouldn’t, for example, want users placing embedded tweets inside of the header, so we disallow it in the schema.) In the schema, we list all the nodes that exist in the Oak environment and how they relate to each other.

export function nytBodySchemaSpec() {
  const schemaSpec = {
    nodes: {
      doc: new DocSpec({ content: 'block+', marks: '_' }),
      paragraph: new ParagraphSpec({ content: 'inline*', group:  'block', marks: '_' }),
      heading1: new Heading1Spec({ content: 'inline*', group: 'block', marks: 'comment' }),
      blockquote: new BlockquoteSpec({ content: 'inline*', group: 'block', marks: '_' }),
      summary: new SummarySpec({ content: 'inline*', group: 'block', marks: 'comment' }),
      header_timestamp: new HeaderTimestampSpec({ group: 'header-child-block', marks: 'comment' }),
      ...
    },
    marks: 
      link: new LinkSpec(),
      em: new EmSpec(),
      strong: new StrongSpec(),
      comment: new CommentMarkSpec(),
    },
  };
}

Using this list of all the nodes that exist in the Oak environment and how they relate to each other, ProseMirror creates a model of the document at any given time. This model is an object, very similar to the JSON shown next to the example Oak article in the topmost illustration. As the user edits the article, this object is constantly being replaced with a new object that includes the edits, which ensures ProseMirror always knows what the document includes and therefore what to render on the page.

Speaking of which: Once ProseMirror knows how nodes fit together in a document tree, how does it know what those nodes look like or how to actually display them on the page? To map the ProseMirror state to the DOM, every node has a simple toDOM() method out of the box that converts the node to a basic DOM tag — for example, a Paragraph node’s toDOM() method would convert it to a <p> tag, while an Image node’s toDOM() method would convert it to an <img> tag. But because Oak needs customized nodes that do very specific things, our team leverages ProseMirror’s NodeView function to design a custom React component that renders the nodes in specific ways.

(Note: ProseMirror is framework-agnostic, and NodeViews can be created using any front-end framework or none at all; our team has just chosen to use React.)

Keeping track of text styling
If a node is created with a specific visual appearance that ProseMirror gets from its NodeView, how do additional user-added stylings like bold or italics work? That’s what marks are for. You might have noticed them up in the schema code block above.

Following the block where we declare all the nodes in the schema, we declare the types of marks each node is allowed to have. In Oak, we support certain marks for some nodes, and not for others — for instance, we allow italics and hyperlinks in small heading nodes, but neither in large heading nodes. Marks for a given node are then kept in that node’s object in ProseMirror’s state of the current document. We also use marks for our custom comment feature, which I’ll get to a little later in this post.

How do edits work under the hood?
In order to render an accurate version of the document at any given time and also track a version history, it’s critically important that we record virtually everything the user does to change the document — for example, pressing the letter “s” or the enter key, or inserting an image. ProseMirror calls each of these micro-changes a step.

To ensure that all parts of the app are in sync and showing the most recent data, the state of the document is immutable, meaning that updates to the state don’t happen by simply editing the existing data object. Instead, ProseMirror takes the old object, combines it with this new step object and arrives at a brand new state. (For those of you familiar with Flux concepts, this probably feels familiar.)

This flow both encourages cleaner code and also leaves a trail of updates, enabling some of the editor’s most important features, including version comparison. We track these steps and their order in our Redux store, making it easy for the user to roll back or roll forward changes to switch between versions and see the edits that different users have made:



Some of the Cool Features We’ve Built
The ProseMirror library is intentionally modular and extensible, which means it requires heavy customization to do anything at all. This was perfect for us because our goal was to build a text editor to fit the newsroom’s specific requirements. Some of the most interesting features our team has built include:

Track Changes
Our “track changes” feature, shown above, is arguably Oak’s most advanced and important. With newsroom articles involving a complex flow between reporters and their various editors, it’s important to be able to track what changes different users have made to the document and when. This feature relies heavily on the careful tracking of each transaction, storing each one in a database and then rendering them in the document as green text for additions and red strikeout text for deletions.

Custom Headers
Part of Oak’s purpose is to be a design-focused text editor, giving reporters and editors the ability to present visual journalism in the way that best fits any given story. To this aim, we’ve created custom header nodes including horizontal and vertical full-bleed images. These headers in Oak are each nodes with their own unique NodeViews and schemas that allow them to include bylines, timestamps, images and other nested nodes. For users, they mirror the headers that published articles can have on the reader-facing site, giving reporters and editors as close as possible a representation to what the article will look like when it’s published for the public on the actual New York Times website.

   
A few of Oak’s header options. From left to right: Basic header, Horizontal full-bleed header, Vertical full-bleed header.

Comments
Comments are an important part of the newsroom workflow — editors need to converse with reporters, asking questions and giving suggestions. In our legacy editor, users were forced to put their comments directly into the document alongside the article text, which often made the article look busy and were easy to miss. For Oak, our team created an intricate ProseMirror plugin that renders comments off to the right. Believe it or not, comments are actually a type of mark under the hood. It’s an annotation on text, like bold, italics or hyperlinks; the difference is just the display style.



In Oak, comments are a type of mark, but they’re displayed on the right side of the relevant text or node.


Oak has come a long way since its conception, and we’re excited to continue building new features for the many newsroom desks that are beginning to make the switch from our legacy editor. We’re planning to begin work soon on a collaborative editing feature that would allow more than one user to edit an article at the same time, which will radically improve the way reporters and editors work together.

Text editors are much more complex than many know. I consider it a privilege to be part of the Oak team, building a tool that, as a writer, I find fascinating and also so important for the functioning of one of the world’s largest and most influential newsrooms. Thank you to my managers, Tessa Ann Taylor and Joe Hart, and my team that’s been working on Oak since well before I arrived: Thomas Rhiel, Jeff Sisson, Will Dunning, Matthew Stake, Matthew Berkowitz, Dylan Nelson, Shilpa Kumar, Shayni Sood and Robinson Deckert. I am lucky to have such amazing teammates in making the Oak magic happen. Thank you.
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Learn how to grow your business through social media.

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Registration Is Ongoing,

Learn how to grow your business through social media.

MEET OUR GUEST

Elizabeth Laiza Kalu is an entrepreneur, speaker, mentor, digital marketing strategist and personal development coach.

She is the founder of STYLVO Digital, a creative digital media hub that provides digital marketing services and support for businesses. She is also the Founder of MANIFEST Network, a platform focused on supporting purpose driven leaders, entrepreneurs and gamechangers to manifest their dreams, kick start their ideas, build more impact and profit.

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4 Key Questions We Have for Mark Zuckerberg

questions-we-have-for-mark-zuckerberg

It's official: Mark Zuckerberg has landed in Washington.

As the Facebook CEO prepares to face back-to-back Congressional hearings this week, more information continues to flow from the company -- from admitting guilt, to ongoing plans for how Facebook will better maintain user privacy.

Zuckerberg's appearance before lawmakers comes after revelations made in late March about political consulting firm Cambridge Analytica improperly obtaining and misusing Facebook personal user data.

Today, Facebook began issuing notifications to users whose information was jeopardized, which the company has said it conservatively estimates to have impacted 87 million people.

In fact, earlier today, the text of Mark Zuckerberg's official testimony for Wednesday's hearing with the House Energy and Commerce committee was released. The text reads somewhat like a synthesis of the apologies, statements, and plans of actions declared over the past three weeks.

How much this satisfies the members of the Committees he will be facing is yet to be determined. But what's fairly certain is that they'll have questions -- and we have questions, too.

As I prepared for my travels to D.C., where HubSpot's Social Campaign Strategy Associate Henry Franco and I will be on the ground to cover Zuckerberg's hearings, I thought about what some of those questions are. Then, I asked my colleagues:

If you were a member of Congress, what would you ask Mark Zuckerberg? And what are you hoping lawmakers ask him?

Here are the questions we have for Zuckerberg, going into this week's hearings.

1. What is the right balance between leveraging user data to improve the experience, versus marketing and selling to them?
The prioritization of ad revenue and protecting the user continues to hang in the balance as Facebook responds to and makes changes following the Cambridge Analytica revelations. Facebook has significantly modified its advertising policies to, among other things, require all advertisers on Facebook to become verified.

But beyond new policies and requirements, Zuckerberg has taken a hard stance on the user experience and what it's supposed to look like on Facebook. This began in January when the News Feed algorithm was changed to prioritize content from users' friends and families. That was part of the response to the weaponization of Facebook by foreign actors to spread misinformation and influence the 2016 U.S. Presidential election.

"My top priority has always been our social mission of connecting people, building community and bringing the world closer together," remarks Zuckerberg in his written testimony. "Advertisers and developers will never take priority over that as long as I'm running Facebook."

Screen Shot 2018-04-09 at 2.00.04 PM
But some, including HubSpot Chief Marketing Officer Kipp Bodnar, wonder if Facebook is in such depths of building its advertising Platform that it's too late to re-focus on Zuckerberg's social mission.

"Have they gone too far?" Bodnar asks.

At this point, with the arguably reactive onslaught of policy changes, it's easy to question if Facebook even knows what the right balance between a personalized experience and marketing might look like -- and how to achieve it.

2. What information is off-limits in ad targeting?
While Facebook has indicated that advertisers will have to go through a comprehensive verification process, the question on the mind of HubSpot VP of Marketing Jon Dick is this: "What information is off-limits in ad targeting?"

Zuckerberg noted in his written testimony that Facebook won't wait "for legislation to act" before working to address the issue-based advertising that was largely used in the spread of misinformation and divisive content leading up to the 2016 U.S. presidential election.

And yes, Facebook is rolling out several protocols to help add greater context to ads -- including who paid for it, the organization or Page associated with it, and an Ad Archive described in the video below.


https://www.facebook.com/facebook/videos/10157262455526729/?t=3

But what hasn't been explored is the subject matter of those ads. Based on what has been unveiled so far, no subject matter has been named as prohibited beyond what Facebook's terms of service and policies already dictated.

As the company continues to reshape and respond to the increasing scrutiny it has faced in recent months, that could change.

3. What about the other brands and apps owned by Facebook?
In the current storm of quickly emerging updates on both Facebook and Zuckerberg himself, it's easy to forget the breadth of the company's entire portfolio. Facebook also owns Instagram, WhatsApp, Messenger, and Oculus. So, says HubSpot VP of Marketing Meghan Anderson, it raises the question: What are Zuckerberg's plans for those brands, as well?

Instagram recently shuttered its APIs for follower lists, relationships, and commenting on public content, limiting the amount of data developers can access (and the frequency with which any information can be accessed, according to initial reports from TechCrunch).

Screen Shot 2018-04-09 at 2.03.00 PM

But beyond that, how will Facebook (and Zuckerberg) extend these new efforts and policy changes to its other products? For instance, when I wrote about the experience of downloading and sifting through my data file archive, I discovered that it included details of my Messenger interactions, including the full text of conversations and any media exchanged throughout them.

And that raises even more questions. For instance, asks Dick, "How will [Facebook] ensure that user privacy is protected in messaging apps?", including Messenger and WhatsApp, as well as direct messaging features within Instagram.

4. What about the GDPR?
Zuckerberg's hearings come at an interesting time, when the General Data Privacy Regulation (GDPR) is just over a month away from coming into force on May 25, 2018. According to HubSpot Web Developer Dmitry Shamis, it poses the question: "Should we extend GDPR rules beyond Europe?"

It's hardly the first time the question has come up, as Zuckerberg spoke to this possibility in an interview with Reuters and a call with several members of the press. In the former, he agreed “in spirit” to a new law in the European Union that will renovate online privacy standards across Europe. In the latter, he remarked, "if we are planning on running the controls for GDPR across the world ... my answer [is] yes."

As we enter the hearings this week, we expect lawmakers to raise the issue of regulating Facebook and its Big Tech counterparts. In fact, in the early days of the Cambridge Analytica revelations, there were rumors of Zuckerberg not appearing before Congress alone -- and that the CEOs of Google and Twitter had been invited to testify, as well.


"My sense is that he takes it seriously because he knows that there is going to be a hard look at regulation," Nelson says of Zuckerberg. http://cbsn.ws/2IEJdx6  pic.twitter.com/VDc4B9guNN
Reporter: Would you like to see executives from Google and Twitter and other tech companies come testify?
Nelson: Absolutely. It's not just Facebook. [Zuckerberg] happens to be the point of the spear. https://cbsn.ws/2qkztk2  pic.twitter.com/iwB1BxRZEB
It's feasible that the hearings scheduled for this week will not be the last of their kind, and that Zuckerberg could be asked to return to Washington to provide further testimony alongside his Big Tech counterparts.

For now, we'll keep you posted on the questions that do come up this week. Questions? Feel free to weigh in on Twitter.


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After 10 Hours of Questions for Mark Zuckerberg, Here's What I Still Want to Know

Having grown up in the Washington, D.C. metropolitan area, I can say with confidence that April is one of the months with which I most fondly remember the region.

The cherry blossoms are in full bloom. And when I was a wee lass, before the Washington Nationals came to fruition, April also meant that the Baltimore Orioles were kicking off the baseball season at Camden Yards.

This week marked one of my first visits back to D.C. during the month of April since I was an undergrad. Things felt different. My parents live in Florida now. Penn Quarter has completely transformed, as has its neighboring Capitol Hill, where my work brought me for the week. The city has become very expensive.

And despite spending my days in the trenches of the tech industry and the businesses that comprise it, somehow, visiting Washington, D.C. as Congress played host to one of Silicon Valley's highest-profile CEOs felt, in a word, odd.

Over the course of two days, my colleague, HubSpot's Social Campaign Strategy Associate Henry Franco, and I spent no fewer than ten hours sitting in on Mark Zuckerberg's congressional hearings, as he answered questions from Senators on Tuesday and Representatives on Wednesday.

There was a mixed response to these questions and Zuckerberg's answers alike. Were the lawmakers properly prepared for and informed about these events? Was Zuckerberg? And was 10 hours really enough to get to the bottom of the data privacy and other issues the Facebook CEO was invited to Capitol Hill to speak on?

What makes this situation -- Mark Zuckerberg's congressional testimony and the events leading up to it -- so complex is that it cannot be boiled down to a single issue. Instead, it’s comprised of many issues, each of which have many sides. Should Facebook be regulated? Should it stand alone in this regulation? What would that regulation look like? And for all its talk: How likely is it that such federal regulation will actually come into force in the U.S.?

And those are only a few of the questions I have. The irony, of course, is not lost on me that a week of hearings intended to respond to lawmaker inquiry -- as well as the public it represents -- has only led to more questions.

Here's a deeper look at some of the more crucial of them.

Will there be regulation?
As I noted in yesterday's recap of Zuckerberg's House Energy and Commerce Committee hearing, the topic of regulation drew a stark party line on which Representatives fell staunchly one side or the other. Representative Jan Schakowsky of Illinois firmly stated that Facebook's "self-regulation simply does not work." Representative Chris Collins of New York called her remarks "aggressive" and "out of bounds," adding that when he was asked if he agreed with the idea of regulating Facebook, "I said no."

Regulation seems a point of contention among lawmakers, and not just when it comes to Facebook, especially in the context of the European Union's General Data Privacy Regulation (GDPR) coming into force next month. It reflects an era in which consumer demands for data protection are growing, with the latest turn of events concerning Facebook being only one of the more recent examples.

Throughout the hearings -- and in the weeks leading up to them -- Zuckerberg was asked numerous times for his stance on the GDPR, though he hasn't fully spoken to his complete stance on it. In an interview with Reuters, he said he agrees with it "in spirit." In a call with members of the press last week, he remarked, "if we are planning on running the controls for GDPR across the world ... my answer [is] yes." And on Tuesday's Senate hearing, he noted that he believes it "get[s] some things right."

Sen. Graham: "Why should we let you self-regulate?"
ZUCK: Senator, I'm not opposed to regulation.
Graham: Do you think the Europeans got it right?
ZUCK: I think ... they ... get things right ...

But when it comes to Facebook extending GDPR-like protections to global Facebook users, including those in the U.S., Zuckerberg has given wavering and at times contradictory answers. Rep. Schakowsky pressed him on this yesterday, noting that it sounded as though Zuckerberg's version would be far from "an exact replica" of European regulations.

It reflects a historical corporate resistance to regulation in the U.S., with many consumers long holding that it lags behind the E.U. in terms of transparency and what is disclosed to consumers. (As a non-tech example, throughout most of Europe, food companies are required to label genetically modified products, whereas in the U.S., similar legislation has struggled to pass.)

Which raises the initial question here: Will there be regulation? With the public, along with some lawmakers, calling for increased data protection globally, it leaves us at a watershed moment in the relationship between consumers and the businesses they use.


Rep: Schakowsky: "You have a long list of growth and success, but you also have a long list of apologies," starting with one in 2003. Lists out the chronological apologies. I think she got this list from the @washingtonpost chart published on this earlier this week.

But there's also the ongoing discussion of how well-equipped lawmakers are to regulate a company with the reach and breadth of Facebook's. (At certain points in the hearings, for instance, Zuckerberg was questioned about Facebook's possible monopoly.) As I noted earlier, questions from committee members left the impression that they were either ill-prepared for Zuckerberg's testimony, or simply uninformed about the tech industry as it currently stands.

That was particularly true at Tuesday's hearing, where much of the discourse from Senators suggested a broad lack of understanding of online platforms and where data becomes involved with them.

If that misunderstanding is as widespread throughout Congress as some have suggested, the timing of regulation and the swiftness with which it could be passed comes into question. And it may require further information and testimony -- not just from Zuckerberg and Facebook.

That brings me to another key point.

Why Facebook?
On my way back to Boston after the hearings, a friend texted me to ask how my visit went and what the hearings were like. And then, he made a joke about it.

"I wish there had been this much congressional outrage when Equifax was hacked," he said. "Although, in fairness, Facebook allowed strangers to see my vacation photos and the bands that I like, while Equifax only lost highly sensitive financial information that could ruin people's lives."

Even if my friend's comments were meant to be funny, they did bring up an interesting question: Why Facebook?

Of course, there are some ways to answer that question that are more obvious than others. Facebook experienced the highest-profile weaponization of its platform, after all, for several purposes: alleged election interference, the spread of misinformation and divisive content, and -- as was raised numerous times by Representatives on Wednesday -- ads for opioids and other controlled substances.


Rep. Bilirakis: "This is bad stuff, Mr. Zuckerberg, with regard to the online illegal pharmacies. ... When are you going to take these off? ... Can you give us an answer?"
Zuckerberg says that if people flag these ads, Facebook will "look at them as fast as we can" and "take [them] down if they violate our policies."
It brings up Facebook's (and, by default, Zuckerberg's) siloed spotlight in the wake of user privacy and data collection, and how it could possibly be abused. Here's what we do know: Zuckerberg confirmed that app developer Aleksandr Kogan sold the user data he obtained to outlets beyond Cambridge Analytica (one being a firm called Eunoia Technologies), and that Zuckerberg's own data was one the 87 million accounts jeopardized.

But we also have reason to believe that Facebook isn't alone in the volume and breadth of user data it possesses.

To start, have a look at this lengthy but comprehensive Twitter thread from self-described privacy consultant Dylan Curran, who goes into detail about the depth of information that Google possesses on users.

Want to freak yourself out? I'm gonna show just how much of your information the likes of Facebook and Google store about you without you even realising it

We also know that this isn't just about data privacy, including where Facebook and the week's hearing are concerned. It's also about the weaponization of online platforms, which are not limited to Facebook, to spread misinformation and divisive content.

Other tech giants have come under fire for falling victim to that. Twitter, for its part, has even submitted a request for proposals to measure the health of its network and how to fix its many problems. And on more than one occasion, Google and YouTube have both been accused of failing to quickly remove false news content during major events.

So, I'll pose the question again: Why Facebook, and Facebook alone?



Zuckerberg listens to opening remarks from House Energy and Commerce Committee Chairman Greg Walden on April 11, 2018. | Amanda Zantal-Wiener

There may not ever be an answer to the question that satisfies everyone. But as I noted in yesterday's recap, before any firm, sustainable outcomes can result from these ongoing issues, I suspect more hearings will take place. After all, before this week's events, some lawmakers also wanted to include the CEOs of Google and Twitter in the questioning.

"I realize the issues we're discussing today aren't just issues for Facebook," says Zuckerberg. "I'm ready to take your questions."

On top of that, time constraints played a major role in this week's hearings, with Senators being limited to five minutes of questioning each on Tuesday, and Representatives to four minutes each on Wednesday. For that reason, it may not come as a surprise if Zuckerberg is also asked to appear for an additional round of questioning -- perhaps involuntarily on future occasions.

Furthermore, a Special Counsel investigation into overall election interference is still underway, for which Zuckerberg said in Tuesday's hearing someone from Facebook was questioned. It seems that I'm not the only one who still has questions, and as I wrote yesterday: The testimony, it seems, is far from over.

If Facebook truly puts community before advertising revenue, what will happen?
In his full written testimony for the House Energy and Commerce Committee, Zuckerberg concluded with a sentiment and promise that would be alluded to throughout the hearings:

"My top priority has always been our social mission of connecting people, building community and bringing the world closer together. Advertisers and developers will never take priority over that as long as I’m running Facebook."

Which poses the question: If that's true, and Facebook continues to move away from the "platform before participants" mentality, as HubSpot VP of Marketing Jon Dick put it -- what happens to the businesses who have come to rely on it?

After all, it was something that Zuckerberg repeated throughout the week: Facebook does not sell data. Rather, advertisers build targeted ads on the platform based on the data that Facebook possesses on user behavior and preferences.

That data, Zuckerberg was sure to remind lawmakers, was largely comprised of information that users had to opt-in to providing when they joined the network (such as Page and post Likes) and could not be personally identifiable when used properly.

There was also a time when Facebook partnered with other firms, such as Experian and Acxiom, to provide advertisers with supplemental data that could be synthesized in tandem with Facebook's own aforementioned data, helping to match (or target) promoted content to the most relevant audiences. But in the weeks leading up to the hearings, Facebook shuttered that program.



Source: Facebook


For its own part, Zuckerberg has suggested that were it not for this model, Facebook's livelihood could certainly become compromised. In 2017, for instance, advertiser-related income made up 98% of its global revenue -- which many expect to take a hit if the network truly makes good on its promise to de-prioritize advertiser content, or if it continues to limit targeted ad capabilities.

Rep. Loebsack asks if it's possible for Facebook to exist without collecting and using personal data. Zuckerberg: WE DON'T SELL DATA. But Loebsack pushes back and asks if it would exist without *sharing* data. Zuckerberg implies that it might not.

But what didn't come up nearly as much throughout the hearings was the impact that these changes could have on the advertisers themselves -- the good actors who don't weaponize Facebook, but have come to depend on it to build and reach an optimized audience.

That concept actually revisits the topic of regulation, and what it could look like when applied to Facebook. As I already covered, if such regulation does come to fruition, there's a fair chance that it won't only apply to Facebook, but could also extend to the tech industry in general. That could cause a major ripple effect in the way all online companies conduct business, and the way consumers and advertisers alike can use them.

Even if the implications of regulation are massively widespread, it might not be an entirely negative thing. As Zuckerberg and lawmakers were both sure to remind us this week, the issues at-hand are fundamentally about trust. And further restrictions -- or at least rules around how Facebook can manage and allow advertising -- could potentially lead to a larger degree of consumer trust on how, exactly, advertisers reach them.

In other words -- Facebook moving away from the "platform before participants" mentality might not be entirely bad for advertisers, many of whom are all too familiar with pressure to grow which leads to equal pressure and temptation to use short-cuts or overly aggressive tactics for reaching customers.

The better alternative, perhaps, comes in the form of promoted content that is at least more personalized, which Zuckerberg spoke to this week. Facebook users would prefer an ad that's relevant, he maintained throughout the hearings, than non-ad content that isn't relevant at all.


But Zuckerberg is responding to Rep. Guthrie's story by explaining that in order for Facebook to continue as a free service, targeted ads has to remain core to its business model, and that no targeting "would make the ads less relevant."
Zuckerberg adds: "It would impact our revenue somewhat, too," but he doesn't seem to want to dwell on that
"This is still all due to the misalignment in economic incentives," said HubSpot Marketing Fellow Sam Mallikarjunan -- adding that Facebook's recently-announced data abuse bounty could help, "since even if firms like Cambridge Analytica still abuse openings like that, individual potentially malicious actors may find it more profitable to report privacy vulnerabilities rather than exploit them."

That profitability aspect, Mallikarjunan said, will always be core to the degree of Facebook's self-regulation. "Until Facebook designs a system where spamming is less profitable than creating a good experience for users -- what search engines and e-mail inboxes have done -- this will continue to be an issue."

But, at this point, much of this is a hypothesis. We still don't know what regulation would look like, if it even came to be, and we don't know how many additional changes Facebook is going to make to the way it collects, uses, or retains this data -- or to the way advertisers can best leverage the platform.

We don't know if this visit was his last to Capitol Hill -- though I think not. And according to the Washington Post, his presence has once again been requested by European lawmakers, after he previously declined to testify before United Kingdom Members of Parliament.

We still don't know what leaders at Google, YouTube, and Twitter have to say -- or if they'll be asked by lawmakers for their input.

And, we still don't know who else will be held accountable, and to what degree, as these issues continue to be discussed -- like Kogan, Cambridge Analytica, or Eunoia, to name a few.

Most of all -- we don't know if we will ever come to learn more about these lingering questions.

But if we do -- I'll let you know.


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