News in Short: Canadians don't like e-bills, Facebook CEO aims for 1 billion users

by Knowlton Thomas | Culture


Canadians prefer to read bills on paper, pay online

Canadians appear to be comfortable with paying bills online, but still prefer to read the financial statements of those bills in good old fashioned ink and paper. Why? Because most consumers seem to expect disagreements or mistakes with their bills, and paper bills hold better has recorded evidence. Another reason was physical statements were better reminders to pay bills than online statements.

A business PhD student's thesis on the concept of a "paperless society" examined more than 800 Canadians, and found that 90% still received paper statements, printed online statements, and recorded key numbers.

The youngest group category, 18-24, keeps less records than others, but this is due to less volume of incoming bills and financial responsibility. Despite paper bills, however, Canadians still do use online banking: 67%, compared to less than 45% for Americans and Australians. Green activists will be disappointed that e-statements have stagnated: going paperless on financial statements alone would reduce typical household paper consumption by over 50 pounds annually.

Mark Zuckerberg confidently anticipates 1 billion users

He won't say when, but the young CEO of Facebook says it's "almost guaranteed." Facebook has a lockdown as the main social networking site in many prominent countries, including Canada, the U.S., the U.K., and the Middle East. It lags in a couple of giant markets, namely Russia and many parts of Asia such as China and Japane—but if it can successfully tackle these regions, then Mark is right: 1 billion users isn't just possible, it's almost guaranteed.

As a fun side note, back in 2006, when there was speculation that Google, Viacom, or other big sites might buy out Facebook, commenters crudely remarked how foolish it would be for any of the companies to acquire the social network.

One particular post on a website's article, which accurately represents sentiments at the time, reads, "facebook is definitely not worth 1 billion imo. If Yahoo pays that, I will laugh. Facebook is on the decline." Four years later, even the lowest estimations put Facebook's net value at well over 11 billion, and there is no decline, or even stagnation, in sight.

Waterloo, Ontario, Canada

Google's mission is to organize the world's information and make it universally accessible and useful. As a first step to fulfilling that mission, Google's founders Larry Page and Sergey Brin developed a new approach to online search that took root in a Stanford University dorm room and quickly spread to information seekers around the globe. Google is now widely recognized as the world's... more

Yahoo! Inc
Sunnyvale, California, United States

Founded in 1994 by Stanford Ph.D. students David Filo and Jerry Yang, Yahoo! began as a hobby and has evolved into a leading global brand that has changed the way people communicate with each other, conduct transactions and access, share, and create information. Today, led by an executive team that includes CEO and Chief Yahoo Jerry Yang, President Susan Decker, Chief Financial Officer Blake... more

Toronto, Ontario, Canada

Facebook's mission is to give people the power to share and make the world more open and connected. Millions of people use Facebook everyday to keep up with friends, upload an unlimited number of photos, share links and videos, and learn more about the people they meet. more

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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes and author of Tempest Bound. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys hiking, tennis, and martial arts. more

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