Archive for the ‘Media Control’ Category

Both individual investors who control a good portion of Storytel AB (publ) (STO:STORY B) along with institutions must be dismayed after last week’s…

To get a sense of who is truly in control of Storytel AB (publ) (STO:STORY B), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 35% to be precise, is individual investors. Put another way, the group faces the maximum upside potential (or downside risk).

While institutions who own 26% came under pressure after market cap dropped to kr2.7b last week,individual investors took the most losses.

Let's take a closer look to see what the different types of shareholders can tell us about Storytel.

See our latest analysis for Storytel

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

We can see that Storytel does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Storytel's historic earnings and revenue below, but keep in mind there's always more to the story.

We note that hedge funds don't have a meaningful investment in Storytel. Looking at our data, we can see that the largest shareholder is Roxette Photo NV with 13% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 11% and 8.4%, of the shares outstanding, respectively.

We also observed that the top 6 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

Our information suggests that insiders maintain a significant holding in Storytel AB (publ). It has a market capitalization of just kr2.7b, and insiders have kr408m worth of shares in their own names. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently.

With a 35% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Storytel. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

With a stake of 11%, private equity firms could influence the Storytel board. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere.

Our data indicates that Private Companies hold 13%, of the company's shares. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.

It's always worth thinking about the different groups who own shares in a company. But to understand Storytel better, we need to consider many other factors. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for Storytel you should know about.

Ultimately the future is most important. You can access this free report on analyst forecasts for the company.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Find out whether Storytel is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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Both individual investors who control a good portion of Storytel AB (publ) (STO:STORY B) along with institutions must be dismayed after last week's...

Putin Isn’t Going Anywhere, Even if He Loses the Russia-Ukraine War – Foreign Policy

There is a growing cottage industry among Russia watchers and international relations experts focused on the political demise of Russian President Vladimir Putin. Its an understandable wishbut one that so far is rooted more in optimism about karmic justice than in reality. Virtually every Kremlin setback gets framed as the beginning of the end of Putin and his regime. The Russian Armed Forces recent disorganized retreat and regrouping in the face of a dramatic Ukrainian offensive have unleashed yet another wave of premature speculation about Putins impending doom, unbalanced by any consideration of the sources of his political resilience and stability, which have kept him in power through one political crisis after another.

The end-of-Putin genre is nothing new and includes (ultimately false) prognostications by all manner of respected journalists, academics, Russian opposition politicians, and even Western leaders. The predictions of Putins imminent demise have been around for almost the entirety of his rule.

After succeeding Boris Yeltsin as president in 2000, Putins popularity was bolstered by the dramatic growth of the Russian economyan average of 7 percent per year for nearly a decadebut the tragically bungled government responses to both the 2002 Moscow theater siege and the 2004 Beslan school attack led to premature political eulogies for Putin.

Everything changed in 2008, when Putins invasion of Georgia, the global financial crisis, and the collapse in world oil prices wiped out $1 trillion in Russian stocks and led to an 8 percent contraction in GDP. More political obituaries heralded the end of the Putin era: Now that the dynamic Russian economy on which Putins legitimacy was based was dead and buried, surely his political career would be next. Yet thanks to sound economic policymaking, the Kremlin withstood the storm.

Still emerging from the Great Recession in 2011-12, the pro forma reelection of Putin and his United Russia party was rocked by anti-corruption protests in Moscow and across Russia. Billed as the greatest threat to Putins power to that point, experts, opposition politicians, and foreign leaders yet again united in dubbing it the beginning of the end of Putin. Using a combination of carrots and stickselectoral transparency measures and selective repressionthe furor subsided, and Putin endured.

The rhetoric ratcheted up once again in response to Ukraines Euromaidan Revolution in 2013-14, as Putins subsequent annexation of Crimea and proxy war in the Donbas would surely be the end of Vladimir Putin. Or Western economic sanctions and Russias crumbling economy would be his undoing. But on the contrary, Putins nationalist turn toward legitimacy through identity rather than economic performance seems to have solidified his rule even more.

When that furor subsided, it was the rising challenge of the anti-corruption crusader Alexey Navalny that prompted prognostications of the end of Putin in 2017. By 2018, pension reform would be the beginning of [the] end of Putins regime. In 2019, it was the election of Ukrainian President Volodymyr Zelensky that may be Vladimirs downfall. By 2020, both Russias dissatisfied youth and the Kremlins mishandling of the COVID-19 pandemic were on deck to topple Vladimir Putin.

Putins escalation into a full-scale war of aggression in Ukraine this February unleashed an absolute tidal wave of end-of-Putin prognostications, most notably whenin his Warsaw speech in March meant to galvanize European unityU.S. President Joe Biden ad-libbed: For Gods sake, this man cannot remain in power. Perhaps it was a gaffe saying the quiet part out loud, but Western leaders, experts, and Russian dissidents largely agreed: The invasion would be Putins undoing. Or maybe it would be the war crimes and atrocities in Bucha that would end Putin.

Add to that a telling flurry of claims that Putin was sick or dyingnot based on any actual intelligence but long-distance diagnosis-by-photo. This was the ultimate form of punditry as karmic hope: a wish that the universe itself was punishing the Russian leader for his sins.

So it is not at all surprising thatas news of the haphazard retreat of Russian forces from the Kharkiv front pours inwere seeing ever more installments in the end-of-Putin literature. Foremost among them is a recent piece in the Atlantic by the acclaimed journalist and historian Anne Applebaum: Its Time to Prepare for a Ukrainian Victory.

While the piece begins with a levelheaded and persuasive consideration of the scale of Ukrainian advances and the surprising lack of fight in the retreating Russians, it veers into the end-of-Putin genre by surmising that Russias lackluster performance on the battlefield will topple Putin, somehow. The problem here is the same as it is for every article in this literature: The absence of causal mechanismsthe whos, whys, and hows of revolutionis ignored in favor of handwaving and passive voice. A Ukrainian victory is certainly possible. But that alone wont spell Putins end. After all, plenty of dictators, from Saddam Hussein after the Iran-Iraq conflict and the first Gulf War to Vladimir Lenin after Russias botched invasion of a newly independent Poland, have survived losing wars they started.

Applebaum argues that Putin has gone all in on his so-called special military operation as the basis for his ruling legitimacy. And when Russian elites finally realize that Putins imperial project was not just a failure for Putin personally but also a moral, political, and economic disaster for the entire country, themselves included, then his claim to be the legitimate ruler of Russia melts away. We must expect that a Ukrainian victory, and certainly a victory in Ukraines understanding of the term, also brings about the end of Putins regime.

She adds: To be clear: This is not a prediction; its a warning.

Is this the thing that truly, finally dooms Putin? Only time will tell. But 20 years worth of Putin outliving his supposed demise should give us pause. He has survived economic depression, international isolation, mismanagement of a deadly pandemic, botched terrorist responses, and an intelligence fiasco that led Russia into a bungled warand hes still here.

The lynchpin in most end-of-Putin arguments is the famously nebulous concept of legitimacy. As Applebaum writes: It is inconceivable that [Putin] can continue to rule if the centerpiece of his claim to legitimacyhis promise to put the Soviet Union back together againproves not just impossible but laughable.

During the first decade of Putinism, it was Russias stellar economic performance that gave Putin popular legitimacy. But once growth gave way to stagnation with the global economic crisis and ensuing Western sanctions, we were told that his position was tenuous due to a lack of legitimacy. So Putin pivoted to nationalism and legitimacy through identitymaintaining popular support as defender of the Russian nationan image that endures despite an increasingly disastrous political and economic track record.

As a concept, ruling legitimacy rests on the fundamental premise of Western democracy that sovereignty ultimately lies with the people, as expressed through elections. A democratic leader without popular support is of questionable legitimacy and likely faces perilous future political prospects. Yet both in theory and practice, simply applying legitimacy as it applies in democracies to nondemocratic contexts such as Putins Russia has been a recipe for disaster.

While popular legitimacy can indeed bolster an autocratic regime, autocrats have other mechanisms of control that democratic leaders do not: They can repress the opposition, co-opt dissent, and monopolize the media landscape to maintain power. Yet a common pathology of the end-of-Putin literature is that a disproportionate focus on popular legitimacy marginalizes consideration of the repression, co-option, and media control that modern autocracies are increasingly built on.

So even beyond the question of whether Putin is considered legitimate by his own people and whether his sky-high approval ratings are indicative of such legitimacytheres no mechanism by which a loss of legitimacy offers a clean end to his power. Indeed, both Russian history and global history are full of autocrats of questionable legitimacy who endured for decades because they could rely on repression, co-optation of rival elites, and propaganda and control of information to bolster their rule.

The first Soviet dictator, Lenin, had a keen eye for regime weaknessnot least because he was a former revolutionary. Both in Russia under the tsars and across Europe, hed seen enough windows for political change open and then close again to realistically recognize that a revolution is impossible without a revolutionary situation [but] it is not every revolutionary situation that leads to revolution. For Lenin (unlike Karl Marx), revolutions didnt just happen spontaneously; they had to be made. Whether for communist revolutions or any political change, human agency is necessarythe whos, whys, and howsregardless of ruling legitimacy or other constructs.

The end-of-Putin genre is notoriously lax about how exactly political change happens and what role human agency plays in it. Pundits assume economic sanctions necessarily weaken the regime. Historians assume revolutions and coups in Russias past will repeat, that it is just a matter of which one. Security scholars point out that bad things have historically happened to dictators whose wars turn out badly, but again they are mum on specific causes.

Since Putins declaration of war, Western pundits have fantasized about the Russian people rising up en masse and overthrowing Putin. But the flurry of anti-war protests in February and March were crushed, protest criminalized, and opposition leaders have largely been imprisoned or have fled abroad, making scenarios of mass revolution against a leader still enjoying approval ratings above 80 percent seem awfully farfetched.

Another favored Western scenario for the end of Putin is a palace coup by Kremlin insiders, unnamed elites, or the military (despite the efforts of both Ukrainian and Russian experts in downplaying such expectations). But rather than rising up against Putin over the last six months of war, Russian elites have fallen into line. Instead of dreaming of greener pastures in the West, Russias oligarchs and political elites are increasingly resigned to the fact that their fates are tied to Putin and his regime: As one source at a sanctioned Russian state company told journalist Farida Rustamova, They will not overthrow anyone, but will build their lives here.

Nevertheless, this is Applebaums prognostication, too: Russian soldiers are running away, ditching their equipment, asking to surrender. How long do we have to wait until the men in Putins inner circle do the same? Anything is, of course, possible. But based on current evidence, or the lack of it, Westerners hoping for unnamed loyalists to plot to overthrow Putin will likely be waiting quite a while indeed.

In the end, trying to predict events of world-historical significance is a tough business, for pundits, politicians, intelligence analysts, and even well-read experts such as Applebaum. Were all making causal inferences about an inherently unknowable future based on a necessarily incomplete reading of the past, all overlaid with our own cognitive biases. Even among experts in their fields, successful predictions are rare and failures far more numerous, as weve seen regarding the forever-impending political demise of Putin.

Then we add to that our own confirmation and hindsight biases, which color our predictions based more on what we want to see happen in a supposedly just world than on what is more likely to happen in an inherently unjust one. When it comes to foretelling the end of Putin, that would require tempering our hopes for comeuppance for the atrocities and injustices he has visited on Ukraine, with a broader consideration of the sources of autocratic stabilityrepression, co-optation, and media controlwhich are not reliant on our Western conceptions of legitimacy.

In confronting the repeated failures of the end-of-Putin literature, Im reminded of the wisdom of the foremost demographer of Russia and the old Soviet Union, Murray Feshbach, who was both a mentor and a true friend. Relying on the old adage that demography is destiny, all manner of journalists asked him to foretell what the future held for Russia.

Yet he always demurred, noting that in Dante Alighieris Inferno theres a special place in the eighth circle of hell reserved for sorcerers, seers, and prognosticators, with their heads wrenched around backward, forever looking back on their false prophecies. Its a type of damnation we would all do well to avoid.

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Putin Isn't Going Anywhere, Even if He Loses the Russia-Ukraine War - Foreign Policy

Dassault Systmes Acquires Diota, Bringing Augmented Reality and Field Control Technology to Its Manufacturing and Operations Customers – Dassault…

Dassault Systmes has acquired Diota, developer of assembly assistance and quality control software solutions for manufacturing and operations. The acquisition will expand Dassault Systmes 3DEXPERIENCE platform with actionable virtual twin experiences on the shop floor, enabling customers in the aerospace and defense, industrial equipment, and transportation and mobility industries to optimize the performance of complex industrial processes and boost their operational efficiency.

Founded in 2009 in France, Diota provides software solutions for digital-assisted operations and digital-based robotics inspection that help industrial companies enter a new era of digital transformation. Cutting-edge technologies such as interactive 3D, AR, computer vision, AI, and deep learning connect back office engineering and on-site operations in charge of production and maintenance of manufactured products for greater productivity, improved product quality and enhanced workforce guidance and safety. Its solutions are used by more than 100 companies in 16 countries including BAE Systems, Dassault Aviation, Iveco, Latcore, Naval Group, ORANO, Safran, Stellantis and Thales Alenia Space.

Dassault Systmes will integrate Diotas solutions into its DELMIA applications, which are used to collaboratively and virtually model, optimize, and execute manufacturing, supply chains, logistics, and services with new levels of intelligence and decision-making. This combination will enhance the use of digital mock-ups and their associated digital processes for manufacturing operations by delivering interactive, operations-level solutions that connect a virtual twin with real-world data in the field. Customers will be able to perform very complex operations right-first-time, as well as use the virtual twin as a quality referential to adopt continuous improvement methods, improve traceability and capitalize on intellectual property.

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Dassault Systmes Acquires Diota, Bringing Augmented Reality and Field Control Technology to Its Manufacturing and Operations Customers - Dassault...

TCI Governor believes out of control gun violence needs these 8 things – Magnetic Media

By Dana Malcolm

Staff Writer

#TurksandCaicos, September 16, 2022 A new unit separate from the day-to-day police force has been created and will soon be active to collect information from witnesses in the Turks and Caicos Islands.

The creation of the unit is in an effort to bridge the gap between the police and the residents amid officials at the highest level admitting the people do not trust the police.

Trevor Botting, Turks and Caicos Islands Police Commissioner made the announcement in a press conference September 5 addressing recent violence in Five Cays

Weve now formed a dedicated team of trained officers who work discreetly with people who want to provide information. They are separate from the mainstream force and they deal with your information discreetly and professionally.

Botting and Premier Washington Misick both admitted during that press conference that there was a serious breakdown of trust in the islands police force.

Neither official speculated on the reason behind this breakdown. But in a concerning twist, dozens of residents during the live accused the Police Force of having serious confidentialities issues. Some of them gave outright examples of witnesses whose information had been leaked putting them in danger.

Despite this, Botting said the team has been extremely carefully selected.

Weve made this change and invested in making this change as we know how difficult it is in a small community and a community which is in fear, to provide information.

Botting admitted that police officers in the past had spoken inappropriately regarding witnesses but said.

This is why we have invested so heavily in a small heavily vetted unit they are extraordinarily well trained and extraordinarily well selected and their whole purpose is to deal with this kind of information. They are separate from the Force, effectively, they wont be on the streets.

The commissioner said the team was so confidential they would be reporting directly to him and not even he would be aware of who the witnesses were. He stressed that the team was trustworthy, describing them as unmatched in policing.

Residents were not totally convinced, in addition to leaks in the force the Islands low conviction rate was also a bone of contention addressed both by the commissioner and by viewers.

When queried about the low conviction rate the Commissioner referenced residents reluctance to speak to the force as a major problem. He stressed that while he understood that people were afraid challenges in the investigative process hampered convictions.

I am going to be blunt here. You cant just look at the police to solve all the crimes. If you look elsewhere around the world where they have good conviction rates its the cooperation of the community that starts to make a difference he said.

In 2022 alone there have been multiple failures to secure convictions based on missteps from all sides of the justice system. The consistent failures have cost taxpayers hundreds of thousands of dollars and put suspected molesters and murderers back on the street.

The Police Commissioner has promised that in the near future, a number will be circulated that will put witnesses in direct contact with the new team.

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TCI Governor believes out of control gun violence needs these 8 things - Magnetic Media

Spyware and surveillance: Threats to privacy and human rights growing, UN report warns – OHCHR

GENEVA (16 September 2022) Peoples right to privacy is coming under ever greater pressure from the use of modern networked digital technologies whose features make them formidable tools for surveillance, control and oppression, a new UN report has warned. This makes it all the more essential that these technologies are reined in by effective regulation based on international human rights law and standards.

The report the latest on privacy in the digital age by the UN Human Rights Office* looks at three key areas: the abuse of intrusive hacking tools (spyware) by State authorities; the key role of robust encryption methods in protecting human rights online; and the impacts of widespread digital monitoring of public spaces, both offline and online.

The report details how surveillance tools such as the Pegasus software can turn most smartphones into 24-hour surveillance devices, allowing the intruder access not only to everything on our mobiles but also weaponizing them to spy on our lives.

While purportedly being deployed for combating terrorism and crime, such spyware tools have often been used for illegitimate reasons, including to clamp down on critical or dissenting views and on those who express them, including journalists, opposition political figures and human rights defenders, the report states.

Urgent steps are needed to address the spread of spyware, the report flags, reiterating the call for a moratorium on the use and sale of hacking tools until adequate safeguards to protect human rights are in place. Authorities should only electronically intrude on a personal device as a last resort to prevent or investigate a specific act amounting to a serious threat to national security or a specific serious crime, it says.

Encryption is a key enabler of privacy and human rights in the digital space, yet it is being undermined. The report calls on States to avoid taking steps that could weaken encryption, including mandating so-called backdoors that give access to peoples encrypted data or employing systematic screening of peoples devices, known as client-side scanning.

The report also raises the alarm about the growing surveillance of public spaces. Previous practical limitations on the scope of surveillance have been swept away by large-scale automated collection and analysis of data, as well as new digitized identity systems and extensive biometric databases that greatly facilitate the breadth of such surveillance measures.

New technologies have also enabled the systematic monitoring of what people are saying online, including through collecting and analysing social media posts.

Governments often fail to adequately inform the public about their surveillance activities, and even where surveillance tools are initially rolled out for legitimate goals, they can easily be repurposed, often serving ends for which they were not originally intended.

The report emphasises that States should limit public surveillance measures to those strictly necessary and proportionate, focused on specific locations and time. The duration of data storage should similarly be limited. There is also an immediate need to restrict the use of biometric recognition systems in public spaces.

All States should also act immediately to put in place robust export control regimes for surveillance technologies that pose serious risks to human rights. They should also ensure human rights impact assessments are carried out that take into account what the technologies in question are capable of, as well as the situation in the recipient country.

Digital technologies bring enormous benefits to societies. But pervasive surveillance comes at a high cost, undermining rights and choking the development of vibrant, pluralistic democracies, said Acting High Commissioner for Human Rights Nada Al-Nashif.

In short, the right to privacy is more at risk than ever before, she stressed. This is why action is needed and needed now.

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Spyware and surveillance: Threats to privacy and human rights growing, UN report warns - OHCHR