Technology

FB shuts more accounts designed for political meddling

Facebook on Tuesday said it shut down more accounts aimed at influencing the US midterm election and that it is exploring a possible link to Russia. "As we've continued to investigate, we detected and removed some additional Facebook and Instagram accounts," head of cybersecurity policy Nathaniel Gleicher said in an update posted at the social network. While stressing the challenge...

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Less-cool Facebook losing youth at fast pace: survey

With mom, dad and grandma signing up in increasing numbers, Facebook is losing younger users in the United States at a faster pace than previously estimated, researchers said Monday. A report by eMarketer said Snapchat is drawing youths away from Facebook at a quicker clip than Facebook-owned Instagram. Facebook is still growing in the US market, according to research firm,...

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Indonesia’s Astra joins in fund raising for Go-Jek

JAKARTA: Indonesian conglomerate Astra International said on Monday it will invest $150 million in Go-Jek, joining the likes of Alphabet Inc’s Google in the ride-hailing start-up’s latest fundraising round. Astra Chief Executive Prijono Sugiarto said the group had wanted to invest in Go-Jek for some time but had been looking for the right timing. “We see that Go-Jek is special,...

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Coincheck heist sheds light on Japan’s rush to create cryptocurrency rules

TOKYO: After the Mt. Gox cryptocurrency exchange was stung by a half-billion dollar theft in 2014, Japanese regulators swung into action. Their goal was to craft rules that both protected traders and allowed a promising sector to flourish. By last April, they thought they had arrived at a set of guidelines that did just that. Japan’s national system to oversee...

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Porsche, Audi to develop joint electric car platform to save costs

FRANKFURT (Reuters) - Porsche and Audi, Volkswagen’ main luxury car divisions, plan to develop a joint platform for electric vehicles that will enable them significantly cut down on costs, German newspapers quoted their chief executives as saying. A Porsche logo is seen at a customers center next to the the Porsche factory in Stuttgart-Zuffenhausen, Germany, January 26, 2018. REUTERS/Ralph Orlowski...

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Google fined in India for abusing dominant position

NEW DELHI: Google has been fined more than $21 million in India for "search bias" and abuse of its dominant position, competition regulators said Thursday. The US internet giant was deemed to have favoured its own services when customers ran searches according to a report from the Competition Commission of India (CCI) six years after it began investigations into the...

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Uber board got assurances on diligence ahead of self-driving deal: investor

SAN FRANCISCO: A key Uber investor testified on Thursday that the company’s board received assurances that due diligence had turned up no problems with a self-driving car startup which Uber acquired, differing from testimony by Uber’s former chief executive. Benchmark venture capitalist Bill Gurley, who has since left Uber’s board, said that before the company acquired a startup founded by...

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Twitter hits a milestone with first-ever profit

WASHINGTON: Twitter on Thursday reported its first-ever quarterly profit, in a key milestone for the social network which has been lagging for years against fast-growing rivals. San Francisco-based Twitter said it earned $91 million in the fourth quarter, the first positive net income since going public in 2013. Revenue was up two percent from a year ago to a better-than-expected...

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Alibaba to take $486 mln stake in China retail data firm

SHANGHAI (Reuters) - China’s biggest e-commerce company Alibaba Group Holding Ltd will invest $486 million for a stake in a domestic big- data firm focused on hotels and retail, as part of a push to deepen its offline presence. The firm will buy a 38 percent stake in Shiji Retail Information Technology Co via its subsidiary Alibaba Investment Ltd, the...

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Google eyes gaming with ‘Yeti’ streaming service: report

Alphabet Inc’s Google is developing a subscription-based game streaming service that could work either on its Chromecast or a Google-made console, which is still being developed, the Information website reported on Wednesday. The service, codenamed Yeti, would put Google at the forefront of a new part of the videogame business that lets people play games as they're being streamed, rather...

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Samsung to begin investing in new domestic memory chip line: Yonhap

SEOUL: Samsung Electronics Co Ltd has decided to begin investment to build a second memory chip line at its Pyeongtaek production facilities in South Korea, Yonhap news agency reported on Wednesday. Chipmakers are investing heavily to meet booming demand for semiconductors and Samsung said last year it planned to invest 30 trillion won ($27.63 billion) in its Pyeongtaek factory by...

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Zuckerberg acknowledges ‘mistakes’ as Facebook turns 14

SAN FRANCISCO: Mark Zuckerberg offered fresh self-criticism, acknowledging making numerous mistakes in building the world’s biggest social network as Facebook marked its 14th birthday. "Over the years, I’ve made almost every mistake you can imagine," the Facebook co-founder said on his personal page. "I’ve made dozens of technical errors and bad deals. I’ve trusted the wrong people and I’ve put...

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Seattle says Facebook is violating city campaign finance law

SAN FRANCISCO: Seattle’s election authority said on Monday that Facebook Inc is in violation of a city law that requires disclosure of who buys election ads, the first attempt of its kind to regulate U.S. political ads on the internet. Facebook must disclose details about spending in last year’s Seattle city elections or face penalties, Wayne Barnett, executive director of...

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Apple overtakes Samsung in shrinking smartphone market: survey

WASHINGTON: Apple overtook Samsung in the fourth quarter as the largest smartphone producer in a declining global market for handsets, research firm IDC said Friday. A survey by IDC showed Apple -- which reported its quarterly data Thursday -- led all vendors with 77.3 million iPhones sold, giving it a 19.2 percent market share. Even though Apple´s fourth-quarter unit sales...

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Cybercriminals target booming cryptocurrencies: report

NEW YORK: Bitcoin’s popularity and the emergence of about 1,500 other digital coins or tokens have drawn more hackers into the red-hot cryptocurrency space, expanding opportunities for crime and fraud, cybersecurity firm Digital Shadows warned in a report on Thursday. “Cybercriminals follow the money and right now they see in the unregulated and largely unsecure world of digital currencies a...

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SpaceX blasts off Luxembourg government satellite

MIAMI: SpaceX on Wednesday blasted off a four-ton secure military communications satellite called GovSat-1, a partnership between the government of Luxembourg and the satellite operator SES. The prime minister and deputy prime minister of Luxembourg were in Florida for the launch, along with the prince and princess of Luxembourg, SpaceX said. "There you saw a successful liftoff of the Falcon...

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Facebook bans ads for cryptocurrencies, including Bitcoin

WASHINGTON: Facebook says it is banning all ads related to cryptocurrencies in an effort to fight scams. The social media giant said it is barring ads for "financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency." Initial coin offerings or ICOs are a way for companies...

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