Technology News

Social media companies defend filtering practices before Congress

WASHINGTON (Reuters) - Facebook Inc (FB.O), Alphabet Inc (GOOGL.O) and Twitter Inc (TWTR.N) told a U.S. House panel on Tuesday that the social media companies are not discriminating against content for political reasons. Conservative Republicans in Congress have criticized social media companies for what they claim are politically motivated practices in removing some content, a charge the companies have rejected. Hou...

17 Jul 8:06 PM 0 Read More...

IBM partners Stronghold for new digital stable coin

NEW YORK (Reuters) - International Business Machines Corp (IBM.N) is backing a new cryptocurrency pegged to the U.S. dollar, in a partnership with U.S.-based financial services provider Stronghold that adds stability to a sector known for its volatility, the companies said. FILE PHOTO: The logo for IBM is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 27, 2018. REUTER...

17 Jul 6:00 PM 0 Read More...

Netflix shares take hit as subscriber slip hints at 'lumpy' road ahead

(Reuters) - Shares of Netflix Inc headed for their worst day in two years on Tuesday, falling as much as 14 percent after reporting a surprise shortfall in new subscribers in a quarter marked by the lack of a blockbuster new show and World Cup soccer. FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy NicholsonWhile Wall Street remains overwhe...

17 Jul 4:38 PM 0 Read More...

EU's Vestager to brief Google CEO ahead of record Android fine: source

BRUSSELS (Reuters) - EU antitrust chief Margrethe Vestager will brief Google CEO Sundar Pichai by telephone later on Tuesday on her ruling on the company’s Android mobile operating system, a person familiar with the matter said. FILE PHOTO: European Competition Commissioner Margrethe Vestager holds a news conference at the EU Commission's headquarters in Brussels, Belgium October 4, 2017. REUTERS/Francois Lenoir/Fi...

17 Jul 4:24 PM 0 Read More...

Egypt targets social media with new law

CAIRO (Reuters) - Egypt’s parliament has passed a law giving the state powers to block social media accounts and penalize journalists held to be publishing fake news. File Picture: A man sits in an internet cafe in Cairo May 18, 2010. REUTERS/Amr Abdallah Dalsh Under the law passed on Monday social media accounts and blogs with more than 5,000 followers on sites such as Twitter and Facebook will be treated as media...

17 Jul 4:05 PM 0 Read More...

JPMorgan Chase invests in artificial intelligence startup Volley

NEW YORK (Reuters) - JPMorgan Chase & Co has made a strategic investment in Volley.com, a San Francisco-based startup that uses artificial intelligence to help large enterprises automatically generate training content for employees, the companies said on Tuesday. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files The ...

17 Jul 4:02 PM 0 Read More...

Exclusive: Kenya's Safaricom taking M-Pesa to Ethiopia, sources say

ADDIS ABABA/NAIROBI (Reuters) - Kenya’s Safaricom (SCOM.NR) is in advanced talks with the Ethiopian government to introduce its popular M-Pesa mobile money service, a major step towards establishing a toe-hold in the market of 100 million people, two sources said on Tuesday. FILE PHOTO: Pedestrians walk past a mobile phone care centre operated by Kenyan's telecom operator Safaricom in the central business district ...

17 Jul 2:41 PM 0 Read More...

Cryptocurrency firm Stellar gets Islamic finance certification

SYDNEY (Reuters) - California-based Stellar has received certification from Islamic scholars for its blockchain platform and related cryptocurrency, aiming to integrate the technology into the field of sharia-compliant financial products. The move highlights how fintechs are broadening their footprint to include growth markets in the Middle East and Southeast Asia, prompting Islamic scholars to assess the religious v...

17 Jul 2:24 PM 0 Read More...

Netflix subscriber slip hints at 'lumpy' road ahead

(Reuters) - Shares of Netflix Inc fell 13 percent on Tuesday after it reported a surprise shortfall in subscriber additions for a second quarter marked by the lack of a blockbuster new show and the soccer World Cup. FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy NicholsonWhile Wall Street remains overwhelmingly positive on Netflix and its ...

17 Jul 12:42 PM 0 Read More...

U.S. lawmakers urge Google, Facebook to resist Vietnam cybersecurity law

HANOI (Reuters) - Seventeen U.S. lawmakers have urged the CEOs of Facebook and Google to resist changes stipulated by a new cybersecurity law in Vietnam, which critics say gives the Communist-ruled state more power to crackdown on dissent. FILE PHOTO: Silhouettes of laptop and mobile device users are seen next to a screen projection of Google logo in this picture illustration taken March 28, 2018. REUTERS/Dado R...

17 Jul 10:43 AM 0 Read More...