Technology news

• Facebook is sued after stock plunge 'shocked' market

  27-07-2018 23:44
  Facebook Incand its chief executive Mark Zuckerberg were sued on Friday in what could be the first of many lawsuits over a disappointing earnings announcement by the social media company that wiped out about $120 billion of shareholder wealth.
  
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• Trump administration working on consumer data privacy policy

  27-07-2018 23:37
  The Trump administration is working to develop consumer data privacy policies, and the Commerce Department is meeting with big companies like Facebook Inc, Comcast Corp and Alphabet Inc as it looks to eventually seeing the policies enshrined in legislation, two officials said on Friday.
  
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• Sanctions blamed as Silicon Valley firms won't ship some kit to Russia

  27-07-2018 21:15
  Two Silicon Valley firms have stopped shipping some electronic components to Russian customers even though they are not on the list of firms subject to U.S. sanctions, according to sources who work in the sector and a document seen by Reuters.
  
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• IBM wins $83 million from Groupon in internet patent fight

  27-07-2018 21:04
  A U.S. jury on Friday awarded International Business Machines Corp$83 million in a patent dispute with e-commerce company Groupon Inc .
  
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• Interactive Brokers increases margin requirement for Tesla

  27-07-2018 20:31
  Interactive Brokers Group said on Friday it will increase margin requirements for clients making Tesla Inc bets due to recent volatility in shares of Elon Musk's electric car company.
  
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• Intel shares slip on fears of AMD data center chip challenge

  27-07-2018 19:08
  Intel Corpshares fell 9 percent on Friday, after the chipmaker's upbeat results were overshadowed by concerns that Advanced Micro Devices Incmay be chiseling off market share from its high-margin data center business.
  
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• Twitter warns fake account purge to keep erasing users, shares drop 19 percent

  27-07-2018 18:46
  Twitter Incon Friday said it lost 1 million monthly active users from the previous quarter and warned the closely watched figure could keep falling as it deletes more phony accounts, causing the biggest one-day decline in its shares since 2016.
  
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• Facebook deletes hundreds of posts under German hate-speech law

  27-07-2018 17:49
  Facebook said it had deleted hundreds of offensive posts since a law banning online hate speech came into force in Germany at the start of the year that foresees fines of up to 50 million euros ($58 million) for failure to comply.
  
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• Amazon shares hit record high as profit tops $2 billion for first time

  27-07-2018 17:32
  Shares of Amazon.com Incrose 4 percent to hit an all-time high after the online retailing giant's quarterly profit topped $2 billion for the first time, powered by its best operating margin in 13 years.
  
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• Qualcomm CEO in the ring alone after U.S.-China spat kills deals

  27-07-2018 16:31
  Qualcomm IncChief Executive Officer Steven Mollenkopf sought government help to block an acquisition of the U.S. chip maker on fears of China's technological ascendance, only to see his biggest deal thwarted by China.
  
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• China's ZTE revises down first-quarter profit after factoring in U.S. supplier ban

  27-07-2018 14:42
  ZTE Corp revised its first-quarter results to a net loss on Friday, after China's second-biggest telecommunications equipment maker took into account the impact of a crippling U.S. supplier ban that has now been lifted.
  
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• Instagram not an instant fix for ailing Facebook

  27-07-2018 14:34
  Revenue forecasts from Facebook Inc that alarmed investors, fueling the worst day ever for its shares on Thursday, add to the pressure on its Instagram unit to win over more of the ad buyers that have long found success on the company's flagship app.
  
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• China says it is still open to talks on scrapped Qualcomm-NXP takeover

  27-07-2018 12:23
  China's market regulator said it still hoped to find a solution to antitrust concerns that doomed Qualcomm Inc's $44 billion takeover of NXP Semiconductors, after finding that proposals to address the issue had fallen short.
  
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• Go Cloud aims to cement Golang in the cloud

  27-07-2018 12:00
  Go Cloud offers generic APIs to build apps that can be ported across different clouds
  
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• U.S. regulator stands by decision to block Winklevoss bitcoin ETF

  27-07-2018 11:42
  The U.S. Securities and Exchange Commission on Thursday stood by a decision blocking an exchange-traded fund that would have tracked bitcoin, citing concerns about market manipulation.
  
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• Samsung Display says unbreakable, flexible screen passes U.S. safety test

  27-07-2018 10:24
  Samsung Display, a subsidiary of Samsung Electronics Co Ltd, on Friday said its recently developed unbreakable, bendable screen has passed safety testing in the United States, a step that will help the South Korean firm market the product.
  
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• Telstra confirms privacy hiccup

  27-07-2018 09:24
  Telstra has confirmed a problem with its help service for business customers led to the contact information of a small number of its customers being made available online.
  
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• Slack snaps up Atlassian’s Stride and Hipchat Cloud IP

  27-07-2018 05:48
  ​Slack has acquired the intellectual property for Atlassian’s Stride and Hipchat Cloud, which will be discontinued, as part of a partnership between the companies announced today.
  
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• Call for NBN corporate plan to be audited

  27-07-2018 03:02
  Labor has requested the auditor-general scrutinise NBN’s corporate plan in the wake of an S&P analysis of the National Broadband Network that argued a write-down of the network “appears inevitable”.
  
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• Zuckerberg loses more than US$15 billion in record Facebook fall

  27-07-2018 00:56
  Facebook chief executive Mark Zuckerberg's fortune took a more than US$15 billion hit on Thursday, as the social media company suffered the biggest one-day wipeout in U.S. stock market history a day after executives forecast years of lower profit margins.
  
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