It's as easy as throwing a red banner on your website that explains the situation briefly and recommends that users change their passwords, if you take this more seriously you can force a password reset for all users. Depends on how sensitive the information that your users trust your site to hold is.
There's so much potential information there, and some very neat things you can do with it. But for me at least, their new API policies completely turned me off of making cool things with it. Not that the API isn't still powerful.
I'm fairly certain Google requires you enter a confirmation code when setting up a phone number (the code is sent via SMS to the phone) for specifically this reason. It's not as though this is the only piece of software using the Calendar API; Google has already had to think of these potential exploits.
I don't entirely understand why he donated shares of Facebook instead of dollars, can they sell the shares all at once and use the money or is there a catch to that? Did it cost him less money to donate shares in the long run? It's probably my lack of understanding of stocks and economics but it seems like it would be easier for everyone to just donate money.
Community Foundations[1] such as the Silicon Valley Community Foundation can receive stock donations that are tax-deductible to the owner. If the donation was in dollars it would also be deductible for the owner, but the owner would need to sell the stock first, which would mean paying capital gains taxes.
Additionally, if the entities receiving the shares happen to be C corporations (which I believe can have 501(c)(3) status), they can deduct the lesser of: (i) 70% of dividends received on the stock; or (ii) 70% of the corporation's taxable income. As such, the implied tax rate on any dividends received from the shares would only be 11.88% (30% * 39.6%), assuming the corporation is in the 35% ordinary income bracket. This is important for 501(c)(3)'s, too, because there are plenty of exceptions to the general notion of "tax exemption" associated with that code section (See, e.g., 26 USC §§ 507-09, 511-15, and 527).
EDIT: of course, this only applies if the company issues a dividend
I'm not sure if the organization has the option to keep or sell the stock (I think they can do either). For the donor, there are tax benefits- besides the usual lowering of adjusted gross income, you don't have to pay capital gains on stock you donate.
Let's say Mark plans on donating $500M to an organization and this month he also wants to buy $300M of Christmas presents. He only has about $600M lying around, but he has a lot of FB stock. He can donate $500M cash, then sell stock to have enough money to buy the presents but he'll pay capital gains. Or he can donate the stock, avoid taxes, and use his cash for the presents instead.
Stock can be used as collateral to get a bank loan (the uber rich use this to avoid capital gains taxes). I would imagine that is what they'll do to generate cash for disbursements from the foundation (they have to pay out at least 5% per year).
I would be shocked to find they sold the shares. I'm sure them keeping them for a long period of time (possibly forever) and Zuck retaining voting power over them was a key part of this transaction.
I guess the most civil way this could end is The Oatmeal just decides to sell the cards under a different name but is allowed to keep the webcomic/online stuff under 'The Oatmeal'.
Now this is cool. I wasn't particularly impressed with the article that went around about using Netflix with Firefox in WINE but now that someone took that and applied it like this is something I can get behind.
> the article that went around about using Netflix with Firefox in WINE
I'm not aware of any previously existing solution for Netflix on Linux using WINE. You mean the article from just a couple of days ago? This is the exact same thing, except provided in an installable package....
Not for me, but it seems like it would do well on one of those take-my-money sites like ThinkGeek. I'd market it to one of those big ones, they're always investing in products and have the means to make it.
