Days after Facebook’s stock suffered the largest drop in Wall Street history, a shareholder sued the company, accusing the social media network of making misleading statements about its user numbers and operations. The plaintiff, James Kacouris, filed the lawsuit Friday seeking class-action status and to recover damages. Kacouris alleged that Facebook and its chief executive, Mark Zuckerberg, violated federal securities […]
Facebook faces more criticism for its decision to categorise the promotion of news articles as political content, with global publishers now urging Chief Executive Officer Mark Zuckerberg to change its policy. Seven trade groups representing media publishers and broadcast organisations in more than 120 countries including the New York Times, BBC.com and 21st Century Fox, sent a letter […]
Democrats and Republicans in the US House of Representatives on Thursday sparred over the role of social media platforms Facebook, Google and Twitter in filtering content after representatives of the tech companies skipped a hearing. Republicans repeatedly suggested at a House Judiciary Committee hearing that Facebook, Alphabet’s Google and Twitter are censoring or blocking content from conservatives, a charge the companies denied. […]
A US judge on Monday rejected BlackBerry’s request to dismiss a lawsuit claiming it inflated its stock price and defrauded shareholders by painting a misleadingly positive picture of sales prospects for its BlackBerry 10 smartphones. While an earlier version of the case was dismissed in March 2015, Chief Judge Colleen McMahon of the US District Court in Manhattan said […]
HIGHLIGHTS Concerns over incendiary material shared on Facebook Facebook hopes Internet restrictions would be lifted soon Government has refused to end an island-wide blackout on Facebook Facebook said Wednesday it was responding to Sri Lanka’s concerns over incendiary material shared on its platform and hoped internet restrictions imposed during anti-Muslim riots last week would be lifted […]
HIGHLIGHTS Jess Cliffe co-created popular multiplayer shooter, Counter-Strike It started as a modification for the classic PC game, Half-Life His employment has been suspended until more details are known The co-creator of seminal first-person shooter Counter-Strike was reportedly arrested by the Seattle police on Thursday. Jess Cliffe, a video game designer for gaming giant Valve and co-creator of […]
HIGHLIGHTS Sony’s PS4 sold over 73.6 million units since its launch in 2013 5.9 million PS4 consoles have been sold over the holiday season PS4 games have sold 645 million units across retail and digital stores Sony has announced that its PS4 sales have hit 73.6 million. Over 5.9 million PS4 consoles were sold during the holiday […]
Coastal areas of Odisha and West Bengal are likely to see heavy rainfall over the next 24 hours because of a depression over the Bay of Bengal, the India Meteorological Department said on Thursday afternoon. Wind speed could reach up to 60 km per hour along and off the Odisha, West Bengal and north Andhra Pradesh coast, […]
Japan’s core machinery orders tumbled in September, a decline that companies expect to continue into October-December in a sign that business investment is losing momentum. The 8.1 percent fall in machinery orders was more than the median estimate for a 1.8 percent decline and follows a 3.4 percent increase in the previous month. Prime […]
HIGHLIGHTS The Optane SSD 900P is based on Intel and Micron’s 3D Xpoint technology It promises blazing fast speeds in conventional usage scenarios 280GB and 480GB models are available worldwide in PCIe and U.2 versions Intel promised to revolutionise PC storage and memory with its 3D Xpoint technology as far back as mid-2015. 3D Xpoint is a new type of […]