The online streaming service Netflix is set to launch 86 Netflix original films in 2018 according to media reports. That number is more than the combined number of films to be released by top four traditional studios and the previous record of Netflix of 61 films released last year. This aggressive measure is being taken…
Facebook pledged more transparency as it announced that it in the first three months of 2018, it has deleted over half a billion fake accounts and violent or obscene content that ran into millions, the company said on Tuesday. The herculean task that Facebook faces being the largest social media network in the world was…
Listing out the serious challenges posed by digital currencies, Federal Reserve Governor Lael Brainard opined blochain technology, the underlying technology that powers them, could be harnessed for facilitating and easing bank-to-bank transactions, as well as for payments in financial markets. In what is likely to be one of the Federal Reserve’s most detailed critiques of…
The investigating appears to focus on Cambridge Analytica’s financial dealings. As per a New Yorks Times report, the FBI and the U.S. Justice Department are investigating Cambridge Analytica, the now-defunct political data firm that was embroiled in a massive scandal over its handling of Facebook Inc user data. Prosecutors are wanting to question former Cambridge…
Recent incidents of crash with Tesla electric cars and the departure of senior executives from the company together with the production problems has forced company CEO and founder Elon Musk to announce that the company was undergoing a “thorough reorganization” to tackle the problems. Musk reportedly told this to his employees. In an email to…
While multiple online platforms are trying to delete Islamic State online propaganda, the militant organization’s supports are using the Internet Archive to bypass those efforts according to a study. The extremist group used two hidden forums and the report examined hundreds of thousands of links that were posted there. In the last two years, both…
Although Mexico does not use SWIFT, which was earlier compromised by hackers, the cyber punks were able to exploit vulnerabilities in its SPEI system and transfer funds to fake accounts which were emptied by their accomplices. According to two sources close to the investigation at hand, hackers have managed to siphon off hundreds of millions…
Investors and operators of digital currencies who want to do transactions with digital currencies will have to register with Thailand’s SEC, the sole authority for regulating digital assets, within 90 days. On Tuesday, Thailand’s Securities and Exchange Commission’s chief stated it expects to issue regulations on cryptocurrencies and initial coin offerings (ICO) by the end…
Foxconn Technology Group, a key iPhone assembler, reported less than expected January-March earnings primarily because of a small – 3%, enhancement in shipments of Apple’s smartphones in the aforesaid quarter. The Taiwanese company noted a 14.5% decrease in its net profits y-o-y at $809.8 million in the quarter. This was the lowest first quarter income…
The multibillion-dollar for the proposed takeover of Xerox by Japan’s Fujifilm is being stopped by the former, the company said. The proposed deal was bitterly opposed by activist investors Carl Icahn and Darwin Deason with whom the iconic US printer and copier company has made struck agreement, accounted the company in a statement on Sunday.…
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