Home-sharing site Airbnb posted a $3.9 billion loss in the fourth quarter of 2020 as it suffered from the pandemic downturn in travel and recorded one-time costs for becoming a public company. In results released Thursday — Airbnb’s first as a publicly traded entity — the company took a charge of $2.8 billion for stock […]
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President Joe Biden signed an executive order Wednesday intended to boost manufacturing jobs by strengthening U.S. supply chains for advanced batteries, pharmaceuticals, critical minerals and semiconductors. The United States has become increasingly reliant on imports of these goods — a potential national security and economic risk that the Biden administration hopes to address with the […]
Social media giant Facebook announced Thursday it was banning all accounts linked to Myanmar’s military as well as ads from military-controlled companies in the wake of the army’s seizure of power on Feb. 1. It said in a statement that it was treating the post-coup situation in Myanmar as an “emergency,” explaining that the ban […]
Australia’s law forcing Google and Facebook to pay for news is ready to take effect, though the laws’ architect said it will take time for the digital giants to strike media deals. The Parliament on Thursday passed the final amendments to the so-called News Media Bargaining Code agreed between Treasurer Josh Frydenberg and Facebook chief […]
President Joe Biden’s pick to be the top U.S. trade envoy is promising to work with America’s allies to combat China’s aggressive trade policies, indicating a break from the Trump administration’s go-it-alone approach. In a written testimony for her confirmation hearing Thursday before the Senate Finance Committee, Katherine Tai, Biden’s choice for U.S. trade representative, […]
Leading technology companies said Tuesday that a months long breach of corporate and government networks was so sophisticated, focused and labor-intensive that a nation had to be behind it, with all the evidence pointing to Russia. In the first congressional hearing on the breach, representatives of technology companies involved in the response described a hack […]
Amnesty International says it has found that a hacking group known as Ocean Lotus has been staging more spyware attacks on Vietnamese human rights activists in the latest blow to freedom of speech in the communist-ruled country. The human rights group said Wednesday that Amnesty Tech’s Security Lab found evidence of the hacking attempts in […]
A federal judge on Tuesday ruled that California can for the first time enforce its tough net neutrality law, clearing the way for the state to ban internet providers from slowing down or blocking access to websites and applications that don’t pay for premium service. Former Gov. Jerry Brown signed the bill in 2018, making […]
Facebook announced Tuesday that it would lift a ban on Australians viewing and sharing news on its platform after it struck a deal with the government on proposed legislation that would make digital giants pay for journalism. The social media company caused alarm with its sudden decision last week to block news on its platform […]
Struggling under U.S. sanctions, Huawei unveiled a folding smartphone with an 8-inch (20-centimeter) -wide screen Monday to show off its tech prowess but said it will be sold only in China. The Mate X2 highlights the challenges for Huawei Technologies Ltd. after Washington cut off access to U.S. processor chips and Google services. Last year, […]