advertisement
advertisement

With Kosmix, Did Walmart Get What It Thought?

Written by Evan Schuman
April 27th, 2011

When Wal-Mart spent more than $300 million to buy social media firm Kosmix last week, much of the discussion and analysis focused on whether Wal-Mart would properly use its social media gem. But how sparkly is that gem? The premise has been that Kosmix has mastered this amorphous creature called social media. Searches on Kosmix itself, however, suggest that Kosmix is not quite an ideal guide.

ConsumerReports began the concerns when it reported that the site’s home appliances page showed “news from the Philadelphia Inquirer on building-material thefts, broken links to stories on Helium.com and brief stories from sites like wikiHow were less empowering. And along with a plethora of Twitter posts, Kosmix’s Washing Machines page includes a Wikipedia entry on washing machines, a totally unrelated article from articlebasement.com on the importance of dreams and some unrelated YouTube videos.” RetailWire did a search and found “Our own visit to Kosmix to run a few searches on topics of interest left us underwhelmed. Results coming back were not current and a few were not really related to our search objectives.”

We did the same thing and also didn’t conclude we were in the presence of social media gods. We searched for “refrigerators,” which is a fairly well-understood term. Indeed, Kosmix quickly offered that “A refrigerator is a large box-like appliance, usually ranging from 200 to 400 pounds in weight, used to cool and store fresh foods and beverages.” So far, so good.

But then it listed a wide range of tweets that used the word “refrigerator” but clearly were not referencing the cooling device, as in “was still here he’d be get’n real close to Put’n this game in the Refrigerator!” It then showed a story headlined “Gaming console thefts grow exponentially” and another titled “Australia to possibly restrict Plasma and LCD TVs.”

YouTube videos referenced included “L. Ron Hubbard. The Xenu Story” and videos that were even farther removed from the searched topic.


advertisement

Comments are closed.

Newsletters

StorefrontBacktalk delivers the latest retail technology news & analysis. Join more than 60,000 retail IT leaders who subscribe to our free weekly email. Sign up today!
advertisement

Most Recent Comments

Why Did Gonzales Hackers Like European Cards So Much Better?

I am still unclear about the core point here-- why higher value of European cards. Supply and demand, yes, makes sense. But the fact that the cards were chip and pin (EMV) should make them less valuable because that demonstrably reduces the ability to use them fraudulently. Did the author mean that the chip and pin cards could be used in a country where EMV is not implemented--the US--and this mis-match make it easier to us them since the issuing banks may not have as robust anti-fraud controls as non-EMV banks because they assumed EMV would do the fraud prevention for them Read more...
Two possible reasons that I can think of and have seen in the past - 1) Cards issued by European banks when used online cross border don't usually support AVS checks. So, when a European card is used with a billing address that's in the US, an ecom merchant wouldn't necessarily know that the shipping zip code doesn't match the billing code. 2) Also, in offline chip countries the card determines whether or not a transaction is approved, not the issuer. In my experience, European issuers haven't developed the same checks on authorization requests as US issuers. So, these cards might be more valuable because they are more likely to get approved. Read more...
A smart card slot in terminals doesn't mean there is a reader or that the reader is activated. Then, activated reader or not, the U.S. processors don't have apps certified or ready to load into those terminals to accept and process smart card transactions just yet. Don't get your card(t) before the terminal (horse). Read more...
The marketplace does speak. More fraud capacity translates to higher value for the stolen data. Because nearly 100% of all US transactions are authorized online in real time, we have less fraud regardless of whether the card is Magstripe only or chip and PIn. Hence, $10 prices for US cards vs $25 for the European counterparts. Read more...
@David True. The European cards have both an EMV chip AND a mag stripe. Europeans may generally use the chip for their transactions, but the insecure stripe remains vulnerable to skimming, whether it be from a false front on an ATM or a dishonest waiter with a handheld skimmer. If their stripe is skimmed, the track data can still be cloned and used fraudulently in the United States. If European banks only detect fraud from 9-5 GMT, that might explain why American criminals prefer them over American bank issued cards, who have fraud detection in place 24x7. Read more...

StorefrontBacktalk
Our apologies. Due to legal and security copyright issues, we can't facilitate the printing of Premium Content. If you absolutely need a hard copy, please contact customer service.