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Stock Price Rises as Twitter Slashes Jobs, Uproots Vine
October 28, 2016
Twitter shares were up Friday following a third-quarter earnings report that beat Wall Street estimates despite declining revenue growth. Twitter also announced a widely expected round of job cuts and the unexpected shutdown of Vine. Twitter has been on financial oxygen in recent weeks, after failing to find a buyer. Investors applauded the news that it will slash 9 percent of its workforce.
Social Media Analytics, Meet Big Brother
October 26, 2016
The ACLU recently uncovered evidence that led Twitter, Facebook and its Instagram subsidiary to stop sharing data with Geofeedia, a firm accused of improperly collecting social media data on protest groups, and sharing that information with numerous law enforcement agencies. Geofeedia, a developer of location-based analytics, had been marketing its technology to law enforcement agencies.
Twitter May Kick 300 Employees Out of Its Nest
October 25, 2016
Twitter appears close to slashing another 300 jobs, or about 8 percent of its workforce, as it works to recover from a failed round of acquisition talks with several suitors. The job cuts likely would be in sales. Twitter might be taking steps to make itself look more attractive to investors in preparation for its third-quarter earnings report later this week.
AT&T, Time Warner Brace for Regulatory Firestorm
October 24, 2016
AT&T and Time Warner on Saturday announced they had reached a merger deal, setting off alarm bells across the industry. AT&T has agreed to buy Time Warner for $85.4 billion. At least a year's worth of regulatory scrutiny, public hearings and political maneuvering is expected. The deal essentially would create the industry's first vertically integrated mobile provider of premium cable.
T-Mobile Fined $48M for Pulling Wool Over Customers' Eyes
October 21, 2016
The United States Federal Communications Commission on Wednesday announced that T-Mobile has agreed to a penalty of $48 million for misleading customers about restrictions on its so-called unlimited data plans. The company failed to inform subscribers to unlimited plans on its wireless networks and those of MetroPCS, which it owns, that their data bandwidth would be throttled when they hit a preset ceiling.
Airbnb Offers to Give a Little in NY, SF Tussles
October 21, 2016
Airbnb recently proposed changes to its listing policies for short-term rental property owners in New York City and San Francisco, possibly in response to threats of aggressive action from state and local lawmakers. With respect to New York operations, Airbnb on Wednesday proposed a set of five changes in an article penned by Chris Lehane, the company's global head of public policy.
Tesla: Everyone Gets a Self-Driving Car
October 21, 2016
Tesla on Wednesday announced plans to install hardware that will allow all of its cars to become driverless. The equipment will enable self-driving at a safety level substantially greater than human-driven cars, according to the company. The hardware includes eight cameras to provide 360-degree visibility; 12 ultrasonic sensors to detect hard and soft objects; and forward-facing radar.
Red Hat and Ericsson Forge 5G, IoT Open Source Alliance
October 20, 2016
Red Hat and Ericsson on Wednesday announced an alliance meant to speed adoption of open source solutions in the information and communications technology space. The alliance will help promote a range of fully open source and production-ready cloud solutions, spanning OpenStack, software defined-networking and software-defined infrastructure, the companies said.
Samsung Bows Under Note7 Fallout
October 20, 2016
Three owners of Galaxy Note7 smartphones this week filed a complaint in a federal court in Newark, New Jersey, that could become a class action lawsuit against Samsung. "Plaintiffs and the Class have suffered injury in fact, incurred millions of dollars in fees, and have otherwise been harmed by Samsung's conduct," the complaint states. Samsung has recalled the phones and stopped producing them.
Year-End Deals on Track for Federal IT Providers
October 19, 2016
Just when most of the country is on vacation -- including the U.S. Congress -- federal government agencies become active in awarding contracts. The federal fiscal year ends on Sept. 30, and many agencies wait until the last quarter of the year to make acquisitions. The last few months have brought billions of dollars in federal contracts for information technology providers.
Assange Lives to Leak Another Day
October 19, 2016
The status of WikiLeaks founder Julian Assange grew a bit murky on Tuesday after the group accused the U.S. State Department of pressuring Ecuadorian officials to block him from posting additional emails linked to presidential candidate Hillary Clinton. The Ecuadorian foreign ministry on Tuesday acknowledged restricting Assange's access, saying it did not wish to interfere in a foreign election.
Twitter Hopes Fade as Salesforce Deal Slips Away
October 18, 2016
Salesforce, the last known suitor for Twitter, last week officially bowed out of the running for an acquisition deal, a move that forces the embattled company either to look for a new savior or find some internal answers to its lingering inability to find a winning growth strategy. Salesforce walked away from the deal because it wasn't the right fit, CEO Marc Benioff said.
Verizon Signals Cold Feet Over Yahoo Deal
October 17, 2016
Verizon last week indicated that its $4.8 billion acquisition of Yahoo could be in jeopardy in light of the company's delay in disclosing a massive 2014 data breach that compromised about 500 million account holders. Verizon may need some additional assurances, suggested General Counsel Craig Silliman. "I think we have a reasonable basis to believe right now that the impact is material."
FCC Slaps Comcast With $2.3M Overbilling Fine
October 13, 2016
The FCC on Tuesday announced that Comcast would pay a record $2.3 million fine to settle its investigation into whether the cable operator improperly charged customers for services and equipment they never approved, a practice known as "zero billing option." Federal law bans cable operators from charging customers for unauthorized equipment or services.
Snap Lines Up Bankers for Spring IPO
October 13, 2016
Snap this week hired Morgan Stanley and Goldman Sachs Group to manage its IPO, according to multiple reports. JPMorgan Chase, Deutsche Bank, Allen & Co., Barclays and Credit Suisse Group reportedly also will play a role. The IPO, expected as early as this spring, could result in a valuation of $25 billion or more. That would make Snap one of the highest-profile IPOs in years.
Cyanogen's Android Alternative Goes Modular
October 12, 2016
Cyanogen on Tuesday announced that it was going modular. Future releases of its open source Android alternative will not support a full stack of the Android OS. The new modular setup will bring a slew of benefits to phone makers and developers, according to Cyanogen. "The new partnership program offers smartphone manufacturers greater freedom and opportunity," noted Cyanogen CEO Lior Tal.
Tech Heavyweights Join Forces to Lasso AI
October 12, 2016
Amazon, DeepMind/Google, Facebook, IBM and Microsoft last month announced the creation of the Partnership on AI, a nonprofit organization dedicated to formulating best practices in artificial intelligence and educating the public about the field. The group will invite academics, other nonprofits, and specialists in policy and ethics to join its board.
Samsung Down, Galaxy Note7 Out
October 11, 2016
Samsung shares fell sharply on Tuesday after the company confirmed reports that it had halted production of its flagship Galaxy Note7 smartphone, just launched this summer. The move came after several replacement phones reportedly smoldered or caught fire. Shares fell 8 percent in the Korean market. Samsung had been working with the U.S. CPSC on a voluntary recall and replacement program.
Yahoo Makes It Harder for Email Users to Jump Ship
October 11, 2016
Yahoo in recent days disabled autoforwarding for Yahoo Mail -- and in at least one corporate client's case, it disabled the webmail deletion feature. The autoforwarding feature "is under development," reads a statement on the Yahoo site. "While we work to improve it, we've temporarily disabled the ability to turn on Mail Forwarding for new forwarding addresses."
DoL Suit Highlights Asian Glass Ceiling in Tech
October 11, 2016
Longstanding concerns about hiring and diversity issues in Silicon Valley recently returned to the fore. The Labor Department last month filed suit against big data firm Palantir, alleging that it had engaged in a pattern of denying jobs to Asian applicants. Race is a greater impediment than gender when it comes to breaking through corporate glass ceilings, suggests research conducted by Ascend.
Backpage CEO Arrested for Pimping, Child Prostitution
October 7, 2016
Backpage CEO Carl Ferrer is facing extradition to California on charges his company earned millions of dollars by promoting adult and child prostitution through escort advertisements run on the site. Ferrer's arrest took place in Houston upon his return from the Netherlands to the headquarters of his Dallas-based company, perhaps the largest advertiser of adult escort services in the U.S.
Who's Riding the New TV Wave?
October 7, 2016
There is a generational shift occurring in the television industry. Traditional cable TV, which dominated the last several decades, is going away. Companies like Comcast, Charter and Cox are facing something new: new technological innovation and competition. Which companies will survive, and which will not? Traditional cable TV is on the verge of an extinction event.
Amazon Cracks Down on Review Freebies
October 5, 2016
In a bid to help bolster trust in its customer ratings, Amazon on Monday said that it no longer would allow most incentivized reviews -- that is, reviews written in exchange for receiving products free or at a discount. Such reviews comprise only a small percentage of the tens of millions of reviews of products sold on the site, maintained Amazon Vice President of Customer Experience Chee Chew.
Report: Apple Shares Unencrypted iMessage Metadata With Cops
October 5, 2016
Apple last week faced renewed scrutiny for its data-sharing practices, following news that it retains iMessage metadata and shares it with law enforcement when presented with a court order. The company has insisted that it would not share data that would jeopardize the privacy and trust of its millions of customers. Metadata includes contacts, IP addresses, and dates and times of conversations.
Salesforce Ponies Up $340M Cash for Krux Data Management
October 4, 2016
Salesforce has agreed to acquire its Marketing Cloud partner Krux, which offers a data management platform. Salesforce will pay $340 million in cash and issue between 3.4 million and six million shares of common stock to consummate the deal, according to documentation filed with the U.S. Securities and Exchange Commission on Monday. That's worth an estimated $700 million in all.
GE, Bosch Combine Resources to Bolster IoT
September 30, 2016
GE and Bosch Software Innovations have partnered to jump-start the development of an open source Internet of Things platform. Open source will encourage greater interoperability and application development, the companies said. Both firms have sought help from the Eclipse Foundation to speed up the process. The companies will create a core IoT stack comprised of open source software.
Apple Steers Its Car Project All Over the Map
September 29, 2016
McLaren Technology Group, which manufactures Formula One and luxury supercars, has denied rumors that it was engaging in discussions with Apple regarding a possible purchase or strategic investment. Apple has been pursing a highly secretive project to develop its own venture in the electric and autonomous vehicle space, and it reportedly has entered negotiations with McLaren on a potential deal.
Adobe Leaps From AWS to Microsoft's Cloud
September 28, 2016
Microsoft has announced a series of major enhancements to its enterprise cloud platform, as well as a new strategic partnership with Adobe, advancing its drive to attract new business from core competitors like Salesforce and Amazon. Microsoft has entered a strategic partnership to make Azure the preferred cloud platform for the Adobe Marketing Cloud, Adobe Creative Cloud and Adobe Document Cloud.
Germany Dope Slaps Facebook Over WhatsApp Data
September 28, 2016
Germany's data protection regulator on Tuesday ordered Facebook to stop collecting and storing data from WhatsApp users in the country. Facebook also must delete any data it already may have harvested from German WhatsApp users, according to Johannes Caspar, Hamburg Commissioner for Data Protection and Freedom of Information, who issued the order. Facebook purchased WhatsApp two years ago.
Hack of Half a Billion Records Takes Shine Off Yahoo's Data Trove
September 23, 2016
Yahoo on Thursday disclosed that a data breach in late 2014 resulted in the theft of information from at least 500 million customer accounts. It appears that state-sponsored hackers carried out the attack, the company said. Account information compromised includes names, email addresses, telephone numbers, dates of birth, hashed passwords, and security questions and answers.
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Yes -- people don't know which news to trust.
No -- it's very easy to spot.
Yes -- it's propaganda warfare, and the U.S. is losing.
No -- people have always believed what suited them.
Yes -- but only temporarily, as people are catching on.
No -- much of it actually isn't fake.