(Reuters) – Wearable action camera maker GoPro Inc said it would cut about 15 percent of its workforce and shut down its entertainment business, as the one-time Wall Street favorite looks to lower costs and return to profitability. GoPro has been struggling with slowing sales of its wearable action cameras and the recall of its recently launched Karma drones. The company said on Wednesday it will cut about 200 full-time positions, cancel open positions and shut down its entertainment division, which produces original content, as part of the restructuring.
By Malathi Nayak NEW YORK (Reuters) – AT&T Inc, the largest U.S. TV provider, unveiled on Monday the pricing and launch date for DirecTV Now, which will stream television programming through the internet to win customers who shun traditional cable and satellite TV subscriptions. DirecTV Now will debut on Wednesday at prices ranging from $35 a month for over 60 channels to $70 for over 120 channels, AT&T said. “It's a very disruptive offer,” Roger Entner, an analyst at Recon Analytics said, adding that the AT&T promotion could help it garner about 1 million subscribers within a year.
German luxury carmaker BMW plans to launch a new version of its i3 electric car next year with a longer range and revamped design, German weekly Welt am Sonntag reported, citing company sources. BMW will rework the front and rear of the i3 and equip the car with a new battery to increase its range substantially beyond the current 300 km maximum, the paper said, adding that the increase would be below 50 percent. BMW has been torn about whether to accelerate development of new electric cars given its expensive early investment has only resulted in lackluster sales, with 25,000 i3s delivered last year.
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BMW to offer new version of i3 electric car in 2017: Welt am Sonntag
By Foo Yun Chee BRUSSELS (Reuters) – Uber [UBER.UL] will seek to convince Europe's top court next week that it is a digital service, not a transport company, in a case that could determine whether app-based startups should be exempt from strict laws meant for regular companies. The European Commission is trying to boost e-commerce, a sector where the EU lags behind Asia and the United States, to drive economic growth and create jobs. The U.S. taxi app, which launched in Europe five years ago, has faced fierce opposition from regular taxi companies and some local authorities, who fear it creates unfair competition because it is not bound by strict local licensing and safety rules.
Hackers gained access to sensitive information, including Social Security numbers, for 134,386 current and former U.S. sailors, the U.S. Navy said on Wednesday. It said a laptop used by a Hewlett Packard Enterprise Services employee working on a U.S. Navy contract was hacked. Hewlett Packard informed the Navy of the breach on Oct. 27 and the affected sailors will be notified in the coming weeks, the Navy said.
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Personal data for more than 130,000 sailors hacked: U.S. Navy
By Nqobile Dludla JOHANNESBURG (Reuters) – By the end of 2016, almost half of the world's population will be using the internet as mobile networks grow and prices fall, but their numbers will remain concentrated in the developed world, a United Nations agency said on Tuesday. Globally, 47 percent of the world's population is online, still far short of a U.N. target of 60 percent by 2020. Some 3.9 billion people, more than half the world's population, are not.
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Almost half the world will be online by end of 2016; poorer countries will lag, report shows
Alibaba Cloud plans to open four new data facilities outside China, the cloud unit of Alibaba Holdings Ltd said on Monday, as it seeks to grab global market share from leading players Amazon.com Inc and Microsoft. The data facilities in Dubai, Germany, Japan and Australia will extend the reach of China's leading cloud computing service provider to every major continent, and marks the latest step in the unit's $1 billion infrastructure investment drive.
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Alibaba Cloud stretches global reach with four new facilities
Facebook Inc, facing withering criticism for failing to stem a flood of phony news articles in the run-up to the U.S. presidential election, is taking a series of steps to weed out hoaxes and other types of false information, chief executive Mark Zuckerberg said in a Facebook post Friday evening. Facebook has long insisted that it is a technology company and not a publisher, and rejects the idea that it should be held responsible for the content that its users circulate on the platform. Just after the election, Zuckerberg said the notion that fake or misleading news on Facebook had helped swing the election to Donald Trump was a “crazy idea.” Zuckerberg then said last Saturday that more than 99 percent of what people see on Facebook is authentic, calling “only a very small amount” fake news and hoaxes.
MOSCOW (Reuters) – Russia's decision to block public access to networking site LinkedIn creates a precedent that could be used to justify blocking access to other sites operating in Russia, RIA news agency quoted the U.S. embassy in Moscow as saying. “The United States is deeply concerned,” RIA quoted an embassy representative as saying. “We call on Russia to immediately restore access to LinkedIn.” (Reporting by Maria Kiselyova; Editing by Christian Lowe)
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U.S. concerned over Russia blocking access to LinkedIn: RIA
Google Chief Executive Sundar Pichai will meet in Brussels with EU Competition Commissioner Margrethe Vestager and Guenther Oettinger, European Commissioner for Digital Economy and Society, as the final stop in a short tour of the continent, spokespeople for Google and the EU confirmed.
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Google CEO to meet with EU antitrust chief on Friday