Technology

Facebook's Zuckerberg promises a review of content policies after backlash

Technology News (Reuters) - Sat, 06/06/2020 - 23:10
Facebook CEO Mark Zuckerberg on Friday said he would consider changes to the policy that led the company to leave up controversial posts by President Donald Trump during recent demonstrations protesting the death of an unarmed black man while in police custody, a partial concession to critics.
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Twitter, Facebook disable Trump video tribute to Floyd over copyright complaint

Technology News (Reuters) - Sat, 06/06/2020 - 03:54
Twitter Inc, Facebook Inc and Instagram disabled President Donald Trump's campaign tribute video to George Floyd on their platforms on Friday, citing copyright complaints.
Categories: Technology

Tech drives Nasdaq to all-time high as signs of recovery emerge from coronavirus pandemic

Technology News (Reuters) - Sat, 06/06/2020 - 01:12
The heavyweight technology and growth stocks that drove Wall Street higher in recent years are again fueling a surge that has taken the Nasdaq from a brutal selloff to an intraday record high in just 11 weeks, as investors look beyond the economic upheaval caused by the coronavirus.
Categories: Technology

Facebook's Zuckerberg says to review content policies after facing backlash over Trump posts

Technology News (Reuters) - Sat, 06/06/2020 - 01:05
Facebook Inc is looking at improving the social network's content policies, while building products to advance racial justice, Chief Executive Officer Mark Zuckerberg said on Friday in response to the ongoing protests in the United States.
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France wants 5G auction in September, junior minister tells Le Figaro

Technology News (Reuters) - Sat, 06/06/2020 - 00:05
France wants to launch its planned auction of 5G frequencies in September so that the fifth generation mobile network can be deployed by year-end, junior economy minister Agnes Pannier-Runacher said in remarks published on Friday.
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Reddit co-founder Ohanian resigns from board, wants a black candidate to take over

Technology News (Reuters) - Fri, 06/05/2020 - 23:48
Reddit co-founder Alexis Ohanian on Friday resigned from the social network firm's board and sought to be replaced by a black candidate.
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Facebook to apply state media labels on Russian, Chinese outlets

Technology News (Reuters) - Fri, 06/05/2020 - 21:32
Facebook Inc will start labeling Russian, Chinese and other state-controlled media organizations, and later this summer will block any ads from such outlets that target U.S. users, it said on Thursday.
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Facebook limits spread of 'Boogaloo' groups amid protests

Technology News (Reuters) - Fri, 06/05/2020 - 21:30
Facebook Inc is making it harder to find user groups associated with the term "Boogaloo," which refers to a potential U.S. civil war or the collapse of civilization, the company said on Thursday.
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Self-driving sector contends its cars can prevent many more crashes than insurance study says

Technology News (Reuters) - Fri, 06/05/2020 - 21:10
Companies working on self-driving vehicles have criticized an insurance industry study suggesting that only a third of all U.S. road crashes could be prevented by driverless cars, arguing that the study has underestimated the technology's capabilities.
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Canada postpones 5G spectrum auction citing COVID-19

Technology News (Reuters) - Fri, 06/05/2020 - 21:06
Canada has postponed its 3500MHz spectrum auction process by six months to allow telecoms companies to focus on providing essential services during COVID-19 pandemic, the innovation ministry said in a statement on Friday.
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Reliance says Silver Lake, co-investors to invest extra $601 million in digital unit

Technology News (Reuters) - Fri, 06/05/2020 - 21:02
India's Reliance Industries late on Friday said U.S. private equity fund Silver Lake and its co-investors will invest an additional 45.46 billion rupees ($601.40 million) in the company's digital unit Jio Platforms.
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U.S. states lean toward breaking up Google's ad tech business: CNBC

Technology News (Reuters) - Fri, 06/05/2020 - 20:53
The U.S. state attorneys general investigating Alphabet Inc's Google for potential antitrust violations are leaning toward pushing for a breakup of its ad technology business as part of an expected suit, CNBC reported on Friday, citing sources.
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Virtual certainty? Bankers ask if success of remote roadshows will last

Technology News (Reuters) - Fri, 06/05/2020 - 20:50
Who needs expensive lunches at glitzy hotels and fancy restaurants to court investors for bond deals or the sale of new shares on the stock exchange?
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Facebook says it found no foreign interference targeting U.S. protests

Technology News (Reuters) - Fri, 06/05/2020 - 20:48
Facebook Inc said on Friday it had seen no evidence of coordinated foreign interference on its platforms targeting U.S. anti-racism protests, after the U.S. attorney general said foreign groups were trying to exacerbate the situation.
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Legend Biotech shares jump nearly 61% in U.S. market debut

Technology News (Reuters) - Fri, 06/05/2020 - 18:07
Shares of Legend Biotech , a cell therapy unit owned by Hong Kong-listed Genscript Biotech , jumped nearly 61% in their stock market debut, signaling strong investor appetite for new listings.
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Twitter disables Trump video tribute to Floyd over copyright complaint

Technology News (Reuters) - Fri, 06/05/2020 - 15:23
Twitter Inc has disabled U.S. President Donald Trump's campaign tribute video to George Floyd on its platform, citing a copyright complaint.
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Chinese online tutor Zuoyebang seeks $600-$800 million at $6.5 billion valuation: sources

Technology News (Reuters) - Fri, 06/05/2020 - 13:01
Online tutoring start-up Zuoyebang is in talks to raise $600-800 million in a new funding round as the coronavirus pandemic encourages investor interest in education technology, two sources with direct knowledge of the deal told Reuters.
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Singapore plans wearable virus-tracing device for all

Technology News (Reuters) - Fri, 06/05/2020 - 12:19
Singapore plans to give a wearable device that will identify people who had interacted with carriers of coronavirus to each of its 5.7 million residents, in what could become one of the most comprehensive contact-tracing efforts globally.
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Tesla's Elon Musk calls for breakup of Amazon in tweet

Technology News (Reuters) - Fri, 06/05/2020 - 12:10
Tesla Inc Chief Executive Elon Musk on Thursday called for Amazon.com Inc to be broken up, after an author complained on social media about being unable to self-publish a book via the world's largest online retailer.
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Toyota to launch hydrogen fuel cell venture with Chinese auto firms

Technology News (Reuters) - Fri, 06/05/2020 - 10:06
Japanese automaker Toyota Motor Corp said on Friday it would launch a new China joint venture with Chinese auto companies to develop fuel cell systems.
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