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Apple to contribute to U.S. teen's education for spotting FaceTime bug

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Re: Apple to contribute to U.S. teen's education for spotting FaceTime bug

#121
post #86
post #79

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Most people on US Forbes top 500 came from poverty and / or other disadvantage.

Seemed like a dubious claim, so tried to find a source and found this old article: Did the Forbes 400 Billionaires Really 'Build That'? https://www.cnbc.com/id/49167533 Trimming a lot: "United for a Fair Economy breaks down the Forbes list using a baseball analogy. It says - 35 percent of the list was born in the “batter’s box,” with a lower-middle class or middle-class background... - 22 percent of the list were bor…

If anything it’s intentionally misunderstanding the actual advantages from having connections.

Gates did not directly inherit vast wealth. But, most people’s parents don’t know the CEO of IBM back when it was the computer company.

That bottom 35% is a little doubious. Larry Ellison was put in that category, though he was adopted at a young age. Further, his adopted family had recently been wealthy which is a much better than average background for becoming rich.

Finally, the category they place Trump in vastly underplays the amount of direct family support he received. The initial gift was under 50 million, but was just the first of many. He would have become a billionaire simply putting the money given to him into the S&P 500.

Re: Apple to contribute to U.S. teen's education for spotting FaceTime bug

#122

Earlier quoted context omitted.

The end result will be the same. You will call this a PR stunt.

No, many companies have an objective bug bounty system. No one is calling those payouts PR stunts.

Many companies have a public-facing bug bounty system.

It's incredibly rare for a company to have an objective bug bounty system. I would estimate that the number of companies like this is zero. (Source: I have worked triaging reports to public bug bounty systems for large companies that you've heard of. Payouts can differ by thousands of dollars based on factors like your prior history reporting to the program, what the triager chose to put in their report (even if your two reports are identical), or the label you put on the vulnerability you're reporting.)

Re: Apple to contribute to U.S. teen's education for spotting FaceTime bug

#123

You know, I'm happy on some level for that individual. It seems like a great stroke of fortune. On another level, it bothers me that there are such large institutions that can arbitrarily "bless" random people like a deity or something. I also can't help but look at this cynically as a largely self-interested PR grab by Apple that is not a real sacrifice on their part.

Why should it bother you ? We all have given $10 to that homeless beggar we felt pity on. What Apple is doing is at a larger scale. We do charity for personal satisfaction and Apple might do it for PR.

Surely it bothers you if the beggar can't live without begging?

Re: Apple to contribute to U.S. teen's education for spotting FaceTime bug

#124

Earlier quoted context omitted.

That's a false dichotomy.

I wasn't intending to imply it was one or the other, I was trying to get the parent to clarify their comment, and those were my 2 best guesses, sorry if came off like that.

Gotcha, no worries.

Re: Apple to contribute to U.S. teen's education for spotting FaceTime bug

#125

You know, I'm happy on some level for that individual. It seems like a great stroke of fortune. On another level, it bothers me that there are such large institutions that can arbitrarily "bless" random people like a deity or something. I also can't help but look at this cynically as a largely self-interested PR grab by Apple that is not a real sacrifice on their part.

Apple and a lot of other major tech companies will pay for security exploits. This seams like a reasonable exchange. The kid gave Apple information about an exploit and Apple payed him for it.

Apple pays bug bounties, but I doubt Apple would have paid in this case until it got significant media attention.

Re: Apple to contribute to U.S. teen's education for spotting FaceTime bug

#126

Feels like the headline here should be related to bug itself, the amount of privacy it violated, and how long it took Apple to fix it! Clearly a good PR move for Apple.

Has that not already been the headline a dozen times? Certainly Apple has deserved that scrutiny, but I was also waiting to see whether they'd do the right thing here.

On HN the Apple-related headlines that make it to the top are 80-90% how glorious Apple's closed source platform is and 10-20% how awful apple's dictatorship of their own app store is. I don't think it's true that we should not post critical articles just because Apple already "gets enough" by some standard.

Re: Apple to contribute to U.S. teen's education for spotting FaceTime bug

#127

Earlier quoted context omitted.

As far as companies go, Apple has enough money to basically be a deity. I think more of it should be in the hands of their employees and the American taxpayer.

I think your money should be in my account ! Well we can fantasize about other people's money.

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Re: Apple to contribute to U.S. teen's education for spotting FaceTime bug

#128

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Do they? I thought they were notorious for not paying taxes?

Despite the rampant reporting by the media about US companies not paying their "fair share" of taxes, as of 2017: "The biggest taxpayer was the most profitable: Apple, which reserved $15.8 billion for income taxes on $59 billion in operating income. Apple reports its effective tax rate as 25.8%" I think it's time to end this falsehood about Apple as I constantly see it posted on HN.

It's not a falsehood. I pay a higher tax rate on some of my income than Apple pays on average.

Re: Apple to contribute to U.S. teen's education for spotting FaceTime bug

#130

Earlier quoted context omitted.

Despite the rampant reporting by the media about US companies not paying their "fair share" of taxes, as of 2017: "The biggest taxpayer was the most profitable: Apple, which reserved $15.8 billion for income taxes on $59 billion in operating income. Apple reports its effective tax rate as 25.8%" I think it's time to end this falsehood about Apple as I constantly see it posted on HN.

It's not a falsehood. I pay a higher tax rate on some of my income than Apple pays on average.

While I suspect we are going to have different viewpoints, do you employee hundres of thousands of people, contribute massively to the world economy, and innovate like Apple? Just a point, that while their effective percentage may be lower, they have massive impact, and a $59 billion tax payment.
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