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    Zoom ordered to enhance security under proposed FTC settlement

    Zoom Video Communications must implement a new information security program as part of its proposed settlement with US regulators over user privacy issues, the Federal Trade Commission said  Monday. The FTC, in a statement, said the company would face fines of up to $43,280 for each future violation under the agreement. The FTC said Zoom’s […]

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    Virgin Hyperloop completes first test with actual passengers

    Richard Branson’s Virgin Hyperloop is one step closer to becoming a reality, with the futuristic transportation system shuttling human passengers for the first time this weekend. The high-speed travel pod, which the company hopes will one day be able to shuttle passengers from New York to DC in just 30 minutes, successfully ran a low-speed […]

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    Bill Gates, Jeff Bezos congratulate Joe Biden on 2020 win

    Big Tech honchos hailed Joe Biden’s victory over President Trump even though their companies could continue to face tougher scrutiny under the new administration. Executives at some of the world’s most powerful tech firms — including some who have sparred with Trump in recent years — congratulated the president-elect after news outlets called the race […]

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    Zoom, Peloton shares tumble 15 percent on COVID vaccine news

    Shares of companies that have benefited from the pandemic — including Zoom, Peloton, Netflix and Amazon –tanked after Pfizer revealed that it is getting closer to a coronavirus vaccine that could let people get back to the office. The popular video-conferencing software provider Zoom plummeted more than 16 percent following the Monday announcement, as the […]

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    Facebook limits election posts amid misinformation surge

    Facebook is reportedly imposing new restrictions on election-related content amid a surge in misinformation on the platform as officials continued to count votes. The social network took steps Thursday to demote misleading election posts and slow the spread of content after seeing “more reports of inaccurate claims” after Election Day, according to multiple reports. “While […]

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    Airbnb reportedly to make IPO filing public next week despite COVID-19

    Airbnb plans to make its IPO registration public next week, putting it on course for a New York stock market debut in December even as the COVID-19 pandemic intensifies, two people familiar with the matter said Thursday. The home rental company’s planned debut on the Nasdaq is set to be one of the largest stock […]

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    Bitcoin rallies past $15,000 for first time since January 2018

    Bitcoin’s month long rally is showing no sign of letting up, with the price of the digital token topping $15,000 for the first time since January 2018. The cryptocurrency saw its value increase 9 percent Thursday, and is up more than $1,700 since the eve of the presidential election on Monday. The value of one bitcoin […]

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    TikTok owner reportedly eyes fundraising valuing it at $180B

    TikTok-owner ByteDance is in early talks to raise a new round of financing that will value it at $180 billion after the investment, according to two people familiar with the matter. The company is discussing the round with existing investors including Sequoia Capital and General Atlantic to raise around $2 billion for the company, the […]

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    DOJ sues to block Visa’s $5.3B purchase of fintech firm Plaid

    The Department of Justice sued payment processing giant Visa on Thursday to block the company’s purchase of financial technology startup Plaid, calling it a monopolistic takeover of a potential competitor to Visa’s ubiquitous payments network. The lawsuit, filed in the Northern District of California, seeks to stop Visa’s purchase of Plaid, which at $5.3 billion […]