Snap fires 2 execs after alleged sexual misconduct: report


The Wall Street Journal is reporting that Snap recently fired two executives after one allegedly had an inappropriate relationship with a contract worker. The newspaper says an outside investigation found that Snap’s head of global security, Francis Racioppi, fired the contractor after their relationship ended. The Journal attributed the news to unnamed people familiar with […]

‘Fortnite’ has become a money laundering paradise


The virtual currency used by millions of gamers who play “Fortnite” has become popular with money-laundering cybercriminals, according to reports. Money launderers use stolen credit cards to purchase V-bucks – which players use to purchase weapons, outfits and other items in the wildly popular game – from the “Fortnite” store and then resell them on […]

FTC mulls fining Facebook for privacy violation: report


US regulators have met to discuss imposing a fine against Facebook for violating a legally binding agreement with the government to protect the privacy of personal data, the Washington Post reported on Friday, citing three people familiar with the discussions. The Federal Trade Commission has been probing Facebook since last year. It has not finalized […]

Tesla to cut workforce by 7 percent, expects lower Q4 profit


Tesla Inc said on Friday it would cut 7 percent of its workforce — or some 3,400 jobs — to rein in costs as it plans to increase production of lower-priced versions of its crucial Model 3 sedan, sending its shares down 7 percent in premarket trading. The company, which has struggled to achieve long-term […]

Tesla to cut workforce again, shares tumble 9 percent


Tesla Inc. said Friday it would cut 7 percent of its workforce — or some 3,400 jobs — to rein in costs as it plans to increase production of lower-priced versions of its crucial Model 3 sedan, sending its shares down 9.2 percent, to $315.25, in late morning trading. The company, which has struggled to […]

Tesla to cut workforce again, shares tumble 10 percent


Tesla Inc. said Friday it would cut 7 percent of its workforce — or some 3,400 jobs — to rein in costs as it plans to increase production of lower-priced versions of its crucial Model 3 sedan, sending its shares down 10.7 percent, to $310.10, in early afternoon trading. The company, which has struggled to […]

Tesla to cut workforce again, shares tumble 13 percent


There will be blood at Tesla — and it’s all so you can finally afford one. Shares of the electric car maker tanked 13 percent Friday after its boss Elon Musk said he will lay off 3,400 full-time workers — a painful move he said was designed to slash the price tag of its Model […]

Netflix shares dip as Q4 revenue misses estimates


Netflix posted lower-than-expected quarterly quarter revenue on Thursday, despite a slate of original content the streaming pioneer released in the quarter including hit thriller “Bird Box,” sending its shares down 3 percent. The company said it added 8.84 million paid global streaming subscribers in the fourth quarter. It said it expects global paid streaming net […]

Facebook employees caught posting glowing Portal reviews on Amazon


A trio of Facebook employees got caught posting glowing reviews of the social network’s controversial new Portal device on Amazon. Facebook’s new home speaker — which is equipped with a screen, microphone and camera with facial recognition for video calls — has been blasted by critics as a potential spying device for the social network, […]

Facebook tracks every single part of your life


Facebook has promised more transparency about ads on its platform, but the majority of users are still in the dark about the kind of information that’s been collected on them. That’s according to a study released Wednesday by the Pew Research Center, a Washington, DC-based think tank. The vast majority of users surveyed (74 percent) […]

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