WASHINGTON (AP) — The Latest on testimony before a congressional committee by the CEOs of Facebook, Apple, Amazon and Google (all times local): 6:30 p.m. Democratic chairman of a House antitrust panel says Facebook is making money off dangerous lies that could have deadly consequences. Rep. David Cicilline lodged the accusation at the tech company’s […]
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NEW YORK (AP) — SAP says it plans to spin off Qualtrics and take it public less than two years after acquiring the survey-software provider. SAP said Sunday it will retain majority ownership of Qualtrics’ shares. The German software giant announced in November 2018 that it agreed to pay $8 billion cash for Qualtrics, just […]
CHICAGO (AP) — Social media has become the target of a dueling attack ad campaign being waged online by the sitting president and his election rival. They’re shooting the messenger while giving it lots of money. President Donald Trump has bought hundreds of messages on Facebook to accuse its competitor, Twitter, of trying to stifle […]
The coronavirus sapped $2.8 billion in revenue from AT&T in its most recent quarter, mostly in its WarnerMedia TV and film division. Its satellite TV business, DirecTV, continued to bleed customers. “I expect we’re going to be dealing with some of these economic challenges in the COVID environment as we move forward here,” said AT&T […]
MENLO PARK, California (AP) — The Walt Disney Co. has “dramatically” slashed its advertising budget on Facebook and Facebook-owned Instagram, according to a report in the Wall Street Journal. It’s the latest setback for the social network, which is facing a growing advertising boycott over its policies and actions on hate speech on its platforms. […]
HONG KONG (AP) — Ant Group, the online payments arm of e-commerce giant Alibaba Group, announced plans Monday for an initial public stock offering that could become the world’s biggest since the coronavirus pandemic began. Ant, valued at $150 billion after a 2018 private fundraising round, gave no indication how much money it hopes to […]
Telcos are expanding their services to facilitate digital transformation across industries. IoT technology has the ability to keep billions of devices connected which can support the growth of business and increase revenues by giving companies access to more data and analytics and providing customers flexible and agile connectivity. According to the Telefonica website, at the […]
New technology investments are expected to enhance corporate performance and wellness as employees increasingly Work From Anywhere While 95% of business leaders are comfortable with employees working remote, 69% said they were not completely prepared to support extensive remote work at the start of the COVID-19 outbreak Businesses expect a nearly 50% increase in employees […]
LONDON (AP) — The European Union’s top court ruled Thursday that an agreement that allows thousands of companies — from tech giants to small financial firms — to transfer data to the United States is invalid because the American government can snoop on people’s data. The ruling to invalidate Privacy Shield will complicate business for […]
LONDON (AP) — Britain on Tuesday backtracked on plans to give Chinese telecommunications company Huawei a role in the U.K.’s new high-speed mobile phone network amid security concerns fueled by rising tensions between Beijing and Western powers. Britain said it decided to prohibit Huawei from working on the so-called 5G system after U.S. sanctions made […]