New York, United States | AFP | Apple shares tumbled Friday a day after quarterly results showing strong profits but weaker-than-anticipated iPhone sales and a disappointing outlook for the key holiday period. In midday trade, Apple skidded 7.3 percent to $206.07, slipping below the $1 trillion milestone it topped in …
Read More »Spotify earnings hit sour note on Wall Street
New York, United States | AFP | Spotify shares took a hit Thursday after a disappointing growth outlook offset the first-ever quarterly profit posted by the streaming music sector leader. Shares in the Swedish-based music group slid 5.7 percent to close at $141.16 after the company’s third quarter earnings report. …
Read More »Facebook shares roller coaster as it rides change
San Francisco, United States | AFP | Facebook announced plans Tuesday to adapt to users sharing more privately as the leading social network pours money into an ongoing battle with “bad actors” out to misuse its service. Silicon Valley-based Facebook reported that its quarterly profit climbed in the recently ended …
Read More »Twitter tops earnings estimates, lifting shares
Washington, United States | AFP | Twitter reported Thursday stronger-than-expected profits and revenues in the third quarter, igniting a strong rally in shares of the key social network. The San Francisco group delivered a $789 million profit, including one-time gains, compared to a net loss of $21 million in the …
Read More »Japan orders Facebook to improve data protection
Tokyo, Japan | AFP | The Japanese government on Monday ordered Facebook to improve protection of users’ personal information following data breaches affecting tens of millions of people worldwide. Facebook said early this month that hackers accessed the personal data of 29 million users in a breach at the world’s …
Read More »Facebook hires British ex-deputy PM Clegg as global affairs head
London, United Kingdom | AFP | British former deputy prime minister Nick Clegg, a leading anti-Brexit advocate, said on Friday he would be starting a job at Facebook, as the US giant faces up to regulatory pressures. “I am delighted to be joining Facebook. After almost 20 years in European …
Read More »Facebook says hackers accessed data of 29 mn users
San Francisco, United States | AFP | Facebook said Friday that hackers accessed personal data of 29 million users in a breach at the world’s leading social network disclosed late last month. The company had originally said up to 50 million accounts were affected in a cyberattack that exploited a …
Read More »Google launch event overshadowed by privacy firestorm
Washington, United States | AFP | Google was supposed to be focusing Tuesday on its launch of a new smartphone and other devices, but the event was being overshadowed by a firestorm over a privacy glitch that forced it to shut down its struggling social network. The Silicon Valley giant …
Read More »Facebook shut 583 million fake accounts
Paris, France | AFP | Facebook axed 583 million fake accounts in the first three months of 2018, the social media giant said Tuesday, detailing how it enforces “community standards” against sexual or violent images, terrorist propaganda or hate speech. Responding to calls for transparency after the Cambridge Analytica data …
Read More »Head of Tesla Autopilot project leaves for Intel
San Francisco, United States | AFP | The head of Tesla’s Autopilot project is leaving the car marker, amid a US government probe into a fatal accident involving a vehicle using the semi-autonomous driving system. The executive, Jim Keller, is moving to chipmaking giant Intel, both companies said Thursday. Keller’s …
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