After Analytica scandal, can Zuckerberg media blitz take the pressure off Facebook?

Thursday, 22 March 2018

In the wake of a privacy scandal involving a Trump-connected data-mining firm, Facebook CEO Mark Zuckerberg embarked on a rare media mini-blitz in an attempt to take some of the public and political pressure off the social network.But it’s far from clear whether he’s won over US and European authorities, much less the broader public whose status updates provide Facebook with an endless stream of data it uses to sell targeted ads.On Wednesday, the generally reclusive Zuckerberg sat ...

Sabeer Bhatia’s journey from $400 mln Hotmail-Microsoft deal to IoT for agriculture

Thursday, 22 March 2018

Sabeer Bhatia’s rise to prominence is part of “technopreneur” folklore.At age 19, he arrived in Los Angeles with $250 in his pocket. He talked his way to secure $300,000 funding to set up a company that was to launch Hotmail, among the first web-based free email at the time.When Hotmail users touched 8 million, the industry began to take notice. Soon he had suitors, Bill Gates of the Microsoft kind being the obvious one. The first offer was $50-60 million, which he promptly ...

Co-founder of WhatsApp joins ‘delete Facebook’ campaign

Thursday, 22 March 2018

The co-founder of WhatsApp, which was acquired by Facebook four years ago for $19 billion, has joined the movement to delete Facebook.Brian Acton tweeted: “It’s time. #deletefacebook.”This hashtag has been trending since reports surfaced in recent days regarding the improper use of personal information on Facebook by Cambridge Analytica, a political research firm used by the Trump campaign before the election.After remaining silent for a while, Facebook CEO Mark Zuckerberg ...

Facebook’s Zuckerberg apologizes for ‘breach of trust’, outlines fixes

Thursday, 22 March 2018

Breaking more than four days of silence, Facebook CEO Mark Zuckerberg admitted mistakes and outlined steps to protect user data in light of a privacy scandal involving a data-mining firm. Zuckerberg said on Wednesday that Facebook has a “responsibility” to protect its users’ data and if it fails, “we don’t deserve to serve you.” Zuckerberg and Facebook’s No. 2 executive, Sheryl Sandberg, have been quiet since news broke Friday that Cambridge Analytica ...

Dubai’s Future Blockchain Summit to unlock multibillion dollar opportunities

Wednesday, 21 March 2018

In line with the Dubai Blockchain Strategy, announced by Sheikh Hamdan bin Mohammed bin Rashid al-Maktoum, crown prince of Dubai and chairman of The Executive Council, which mandates that Dubai becomes the world’s first-ever government to execute all applicable transactions using blockchain technology by 2020, the first official Dubai government-hosted event, the inaugural Future Blockchain Summit, was announced Tuesday.Taking place from May 2-3 at the Dubai World Trade Centre (DWTC), the ...

Self-driving Uber car kills woman crossing street in Arizona

Tuesday, 20 March 2018

An Uber self-driving car hit and killed a woman crossing the street in Arizona, police said on Monday, marking the first fatality caused by an autonomous vehicle and a potential blow to the technology expected to transform transportation. The ride services company said it was suspending North American tests of its self-driving vehicles, which are currently going on in Arizona, Pittsburgh and Toronto. So-called robot cars, when fully developed by companies including Uber, Alphabet Inc and General ...

Bitcoin exchange reaches deal with Barclays for UK transactions

Thursday, 15 March 2018

One of the biggest bitcoin exchanges has struck a rare deal which will allow it to open a bank account with Britain’s Barclays, making it easier for UK customers of the exchange to buy and sell cryptocurrencies, the UK boss of the exchange said on Wednesday. Large global banks have been reluctant to do business with companies that handle bitcoin and other digital coins because of concerns they are used by criminals to launder money and that regulators will soon crack down on them. San ...

Slovenia claims world’s first blockchain monument

Tuesday, 13 March 2018

The first monument to the blockchain technology that underpins crypto-currencies took center stage on Tuesday on a roundabout in Slovenia, authorities in the country’s fourth largest city said.Weighing three tons and with a diameter of about seven meters the circular metal sculpture was unveiled next to the courthouse in Kranj, about 30 kilometers north of the capital Ljubljana.The design, featuring the ‘B’ symbol crossed by two vertical lines that represents both blockchain ...

China’s bike-share app Ofo raises $850 mln to expand overseas

Tuesday, 13 March 2018

Chinese bike-sharing start-up Ofo announced Tuesday that it has raised around $850 million from investors including e-commerce giant Alibaba, to finance its overseas expansion while it battles rivals in China.Ofo, whose lemon-yellow bicycles are ubiquitous in Chinese cities, said on the social network Weibo that it had raised $866 million. The consortium of investors was led by Alibaba, China’s top online shopping conglomerate which also contributed to the 700 million dollars raised by Ofo ...

Nissan in talks to buy France’s Renault stake in merger prelude

Wednesday, 7 March 2018

Renault and alliance partner Nissan are discussing plans for a closer tie-up in which the Japanese carmaker would acquire the bulk of the French state’s 15 percent Renault holding, people close to the matter told Reuters. The carmakers are in talks with government officials over proposals by Renault-Nissan boss Carlos Ghosn that would see Paris give up influence at Renault and the French carmaker relinquish control over Nissan, according to three sources. But any deal still faces ...

1 2 3 ... 89
How are we doing?

How are we doing?

Name Name *
Email Email *
Country Country
Message Message *
Maximum 550 words allowed