Internet
Meta nudges its big VR push another step away from the Facebook legacy
Mark Zuckerberg, chief executive officer of Facebook Inc., speaks during the virtual Facebook Connect event, where the company announced its rebranding as Meta, in New York, U.S., on Thursday, Oct. 28, 2021. Michael Nagle | Bloomberg | Getty Images Meta is introducing a new way for people to log in to virtual reality headsets without […]
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Top SoftBank exec steps back from role at Vision Fund as pressure mounts on investments
Rajeev Misra will step down from his role as CEO of SoftBank Global Advisors, which manages the Vision Fund 2. It comes as pressure mounts on SoftBank’s investment strategy amid a string of bad bets and a crash in technology stocks this year. Patrick T. Fallon | Bloomberg | Getty Images Rajeev Misra, who runs […]
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Video game sales set to fall for first time in years as industry braces for recession
The PlayStation 5 logo pictured at a store in Krakow, Poland. Nurphoto | Getty Images Video game sales are set to decline annually for the first time in years, as another industry that boomed in the coronavirus era faces the grim prospect of a recession. The global games and services market is forecast to contract […]
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Amazon takes stake in Grubhub, adds food delivery perks to Prime
Food delivery workers on bicycles travel along a street in New York, U.S., on Tuesday, March 17, 2020. Debetrius Freeman | Bloomberg | Getty Images Amazon on Wednesday agreed to take a stake in Grubhub as part of a deal that will also give members of its Prime subscription program a one-year membership to the […]
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Crypto brokerage Voyager Digital files for Chapter 11 bankruptcy protection
Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images Beleaguered crypto brokerage Voyager Digital has filed for Chapter 11 bankruptcy protection, becoming the latest casualty of chaos in digital asset […]
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Britain, South Korea reach data sharing agreement
Yuichiro Chino | Moment | Getty Images LONDON, July 5 (Reuters) – Britain has reached an agreement with South Korea that will allow businesses to share data with fewer restrictions and no contractual safeguards, the government said on Tuesday. The in-principle deal marks Britain’s first independent data adequacy agreement with a priority country since leaving […]
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Crypto lender Nexo offers to buy embattled rival Vauld as market consolidates
Bitcoin, the world’s biggest cryptocurrency, is down more than 50% since the start of 2022. Nurphoto | Getty Images Beleaguered cryptocurrency lender Vauld has been thrown a lifeline from larger competitor Nexo, in a sign of mounting consolidation in the crypto market. Nexo said Tuesday it had signed a term sheet with Vauld giving it […]
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Andy Jassy just wrapped up a rocky first year after succeeding Bezos as Amazon CEO
Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Andy Jassy celebrates his one-year anniversary as Amazon CEO on Tuesday. Celebrates is probably not the operative word. Jassy, a 25-year Amazon veteran, succeeded Jeff Bezos on […]
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British Army’s Twitter and YouTube accounts hacked to promote cryptocurrency scams
A screenshot of the British Army’s Twitter profile when it was hacked, via Wayback Machine. Its profile and banner pictures were changed to resemble a nonfungible token collection called “The Possessed.” A hacker compromised the social media accounts of the British Army to push people toward cryptocurrency scams. The army’s Twitter and YouTube profiles were […]
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Google says it will delete location history for visits to abortion clinics after overturning of Roe v. Wade
Sundar Pichai, CEO of Google Anindito Mukherjee | Bloomberg | Getty Images Google said late Friday that it will work to quickly delete location history for people going to abortion sites and other medical sites following the Supreme Court’s overturning of Roe v. Wade last week. “Today, we’re announcing that if our systems identify that […]
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