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April 15, 2021

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U.S. House committee approves blueprint for Big Tech crackdown

Reuters
WASHINGTON (Reuters) – The U.S. House of Representatives Judiciary Committee has formally approved a report accusing Big Tech companies of buying or crushing smaller firms, Representative David Cicilline’s office said in a statement Thursday. FILE PHOTO: The logos of Amazon, Apple, Facebook and Google in a combination photo/File Photo With......

Ireland launches inquiry into Facebook after reports of data leak

Reuters
FILE PHOTO: The Facebook logo is displayed on a mobile phone in this picture illustration taken December 2, 2019. REUTERS/Johanna Geron/Illustration//File Photo DUBLIN (Reuters) -Ireland’s Data Protection Commission (DPC) said on Wednesday it had launched an inquiry into Facebook Inc, after a dataset reported to contain personal data relating to......

Breakingviews – Path out of global tax combat is slowly emerging

Reuters
WhatsApp and Facebook messenger icons are seen on an iPhone in Manchester , Britain March 27, 2017. LONDON (Reuters Breakingviews) – A long slog to make international corporate tax rules fit for the digital age is nearing a breakthrough. Obstacles remain, but a path that gets around them is slowly......

Apple to start enforcing new app privacy notifications in coming weeks

Reuters
FILE PHOTO: The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo (Reuters) – Apple Inc said on Wednesday that in the coming weeks it will start enforcing a new privacy notification......

Creators’ platform Patreon valued $4 billion in latest funding round

Reuters
(Reuters) – Patreon Inc, a platform that lets artists seek financial patronage from their fans, said it was valued at $4 billion in its latest funding round, more than tripling from September last year. The San Francisco, California-based company raised $155 million in the fresh round led by new investor......

Bezos, Musk top Forbes’ record-setting billionaire list

Reuters
(Reuters) – Forbes’ annual world’s billionaires list includes a record-breaking 2,755 billionaires, with Amazon.com Inc founder Jeff Bezos topping it for the fourth consecutive year, the media company said on Tuesday. The ranks of the ultra-wealthy are expanding after a year in which the coronavirus pandemic upended world economies and......

Twitter says in process of identifying new independent board director

Reuters
April 1 (Reuters) – Twitter Inc said on Thursday it was in the process of identifying a new independent director for its board. The company also said board member Jesse Cohn, who is also hedge fund Elliott Management’s head of U.S. equity activism, will be nominated for re-election as a......

Discord messaging platform launches Clubhouse-style feature

Reuters
NEW YORK (Reuters) – Messaging platform Discord Inc on Wednesday launched a new feature for people to hold live audio events for audiences, similar to the rapidly growing app Clubhouse. Discord, which offers voice, video and text chat, was popularized by videogamers and has spread to other groups since its......

Chip charge: Chinese phone, car, home appliance companies join semiconductor rush

Reuters
SHANGHAI (Reuters) – Smartphone maker Xiaomi has joined a rush of Chinese tech companies venturing into the semiconductor sector, announcing on Wednesday a new chip to help smartphone cameras process images. FILE PHOTO: People visit a display of semiconductor device at Semicon China, a trade fair for semiconductor technology, in......

Facebook messaging service gets delayed Brazil nod for payments

Reuters
FILE PHOTO: A logo of WhatsApp is pictured on a T-shirt worn by a WhatsApp-Reliance Jio representative during a drive by the two companies to educate users, on the outskirts of Kolkata, India, October 9, 2018. REUTERS/Rupak De Chowdhuri SAO PAULO (Reuters) – Brazil’s central bank on Tuesday cleared the......

Britain will focus crypto rules on stablecoins, minister says

Reuters
LONDON (Reuters) – Britain will focus first on regulating stablecoins rather than the broader cryptocurrency market, its financial services minister said on Tuesday, citing the threat to competition should any major private effort dominate the emerging field. Facebook Inc’s move in 2019 to introduce its own stablecoin Diem, then known......

Venezuela accuses Facebook of ‘digital totalitarianism’ for suspending Maduro

Reuters
CARACAS (Reuters) – Venezuela’s government on Sunday accused Facebook Inc of “digital totalitarianism” after it froze President Nicolas Maduro’s page for 30 days for violating policies against spreading misinformation about COVID-19. Facebook told Reuters this weekend it had also taken down a video in which Maduro promoted Carvativir, a Venezuelan-made......

Exclusive: Facebook freezes Venezuela president Maduro’s page over COVID-19 misinformation

Reuters
CARACAS (Reuters) – Facebook has frozen Venezuelan President Nicolas Maduro’s page for violating policies against spreading misinformation about COVID-19 by promoting a remedy he claims, without evidence, can cure the disease, a company spokesman said on Saturday. Maduro in January described Carvativir, an oral solution derived from thyme, as a......

China regulators held talks with Alibaba, Tencent, ByteDance on ‘deepfake’ technologies

Reuters
BEIJING (Reuters) – China’s cyberspace regulator said on Thursday it and the public security ministry had held talks with Alibaba, Tencent, ByteDance and Kuaishou on potential problems with ‘deepfake’ technologies. Deepfake technology merges, replaces or superimposes content on a video, making it appear to be authentic. Reporting by Yingzhi Yang......

Explainer: NFTs are hot. So what are they?

Reuters
(Reuters) – Non-fungible tokens (NFTs), a type of digital asset, have exploded in popularity this year, with NFT artworks selling for millions of dollars and musicians such as the Kings of Leon rock group embracing them for their latest album. FILE PHOTO: “EVERYDAYS: THE FIRST 5000 DAYS” is a collage,......

News Corp reaches three-year deal with Facebook in Australia

Reuters
FILE PHOTO: A 3D printed Facebook logo is seen in front of displayed Australia’s flag in this illustration photo taken February 18, 2021. REUTERS/Dado Ruvic/Illustration (Reuters) – News Corp said on Monday it had reached a three-year agreement to provide Facebook Inc users access to news in Australia. Last month,......

Murdoch’s News Corp reaches three-year deal with Facebook in Australia

Reuters
FILE PHOTO: A 3D printed Facebook logo is seen in front of displayed Australia’s flag in this illustration photo taken February 18, 2021. REUTERS/Dado Ruvic/Illustration (Reuters) – News Corp reached a three-year agreement with Facebook Inc in Australia, the Rupert Murdoch-controlled media company said on Monday, declaring victory in a......

Facebook asks court to dismiss U.S. government, states antitrust cases

Reuters
WASHINGTON (Reuters) – Facebook asked a federal court on Wednesday to dismiss major antitrust cases filed by the U.S. Federal Trade Commission and nearly every U.S. state, saying they failed to show the company had a monopoly or harmed consumers. FILE PHOTO: A 3D-printed Facebook logo is seen placed on......

Facebook launches Instagram Lite in 170 lower bandwidth countries

Reuters
JERUSALEM (Reuters) – Facebook said on Wednesday it was launching a “lite” version of Instagram in 170 countries that will enable people with poor internet to access the photo and video sharing social networking service. FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of the......

U.S. Justice Department nominee Gupta vows strong antitrust enforcement

Reuters
Nominee to be Associate Attorney General Vanita Gupta testifies before the Senate Judiciary Committee during her confirmation hearing on Capitol Hill in Washington, U.S., March 9, 2021. REUTERS/Joshua Roberts WASHINGTON (Reuters) – Vanita Gupta, President Joe Biden’s nominee for the Justice Department’s No. 3 post, said on Tuesday that she......

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