By Yasmeen Abutaleb and Dustin Volz WASHINGTON (Reuters) – As Facebook Inc Chief Executive Mark Zuckerberg prepares to meet conservative leaders on Wednesday to discuss allegations about political bias at the social media website, one thing he may not have to worry about is federal regulation. Although the U.S. Senate committee is investigating whether there is liberal bias in how Facebook employees select news stories for its “trending topics,” there is little chance the government will try to regulate their practices, said Republican Senator John Thune, chairman of the Senate Commerce Committee. “I don't have any reason to believe that would be necessary,” Thune told reporters on Tuesday.
(Reuters) – Twitter Inc users will soon have more flexibility in writing tweets because the company plans to stop including photos and links as part of its 140-character limit, according to a Bloomberg report. Months earlier, Twitter Chief Executive Jack Dorsey said the company would simplify its product in an effort to attract new users. “We think there's a lot of opportunity in our product to fix some broken windows that we know are inhibiting growth,” Dorsey said during a February earnings call.
By Deborah M. Todd SAN FRANCISCO (Reuters) – Warren Buffett struck media gold with a 2012 investment in debt-laden Media General Inc. Now the famed investor may try to reprise that success by supporting a bid for Yahoo Inc's Internet assets. The Berkshire Hathaway Inc chairman is backing a consortium that includes Quicken Loans Inc founder Dan Gilbert, that is seeking to buy Yahoo's online portfolio, Reuters reported on Friday. The consortium is in the second round of bidding in the auction for Yahoo's assets, people familiar with the matter said.
Written by Rack Alley There are a lot of ways to host your website online. You get shared hosting, dedicated server hosting. There are also cloud based provides like Azure […]
By Rory Carroll NORTH LAS VEGAS, Nev. (Reuters) – A car-sized sled powered by electromagnets rocketed to more than 100 miles (160 kph) an hour through the Nevada desert on Wednesday in what the Los Angeles company developing the technology said was the first successful test of a futurist transit system called hyperloop. Hyperloop One is among several companies competing to bring to life a technical vision by Elon Musk, the founder of rocket maker SpaceX and electric car company Tesla Motors, who suggested sending pods holding passengers and cargo inside giant vacuum tubes between Los Angeles and San Francisco.
Apple also said it was raising its capital return program by $50 billion through a $35 billion increase in its share buyback authorization and a 10 percent rise in the quarterly dividend. Apple said it sold 51.2 million iPhones in its second fiscal quarter, down from 61.2 million in the same quarter a year ago but above analysts' estimates of about 50 million devices. Shares of Apple fell 6 percent on heavy volume in after-hours trade, falling below $100 for the first time since February.
Israel's Cellebrite, a provider of mobile forensic software, is helping the U.S. Federal Bureau of Investigation's attempt to unlock an iPhone used by one of the San Bernardino, California shooters, the Yedioth Ahronoth newspaper reported on Wednesday. If Cellebrite succeeds, then the FBI will no longer need the help of Apple Inc , the Israeli daily said, citing unnamed industry sources. Apple is engaged in a legal battle with the U.S. Justice Department over a judge's order that it write new software to disable passcode protection on the iPhone used by the shooter.
By Dustin Volz WASHINGTON (Reuters) – The U.S. government and Apple Inc will be able to cross-examine the other's witnesses in a court hearing next week on whether the technology company must help federal investigators unlock an encrypted iPhone tied to one of the San Bernardino killers, Apple said. The hearing, set for Tuesday, is the latest development in a showdown between Apple and the government that has become a lightning rod in the national debate over digital privacy and what kind of data on phones and personal devices should be accessible to law enforcement. All the witnesses have given written declarations in the legal briefs already filed in the case, said an Apple lawyer who spoke to reporters on a conference call on Friday, on condition of anonymity.
BEIJING/SHANGHAI (Reuters) – The logistics arm of Alibaba Group Holding Ltd has completed a funding round, China's biggest e-commerce company said on Monday. Investors in the funding round of Cainiao include Singapore's Temasek Holdings [TEM.UL] and GIC Pte Ltd [GIC.UL], Malaysia's Khazanah Nasional Bhd [KHAZA.UL], and China's Primavera Capital, Alibaba said in a statement. Alibaba did not disclose details of how much money Cainiao raised, whether it issued equity shares, or at how much the logistics unit is now valued. …
The U.S. Justice Department on Thursday said Apple Inc's rhetoric was “false” in a high-profile fight over the government's bid to unlock an encrypted iPhone belonging to one of the San Bernardino shooters. Last month, the Federal Bureau of Investigation obtained a court order requiring Apple to write new software and take other measures to disable passcode protection and allow access to shooter Rizwan Farook's iPhone. Apple has not complied.