Facebook is weaponizing security to erode privacy

At a Senate hearing this week in which US lawmakers quizzed tech giants on how they should go about drawing up comprehensive Federal consumer privacy protection legislation, Apple’s VP of software technology described privacy as a “core value” for the company. “We want your device to know everything about you but we…

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Facebook loses $120 billion in market cap after awful Q2 earnings

Facebook’s share price fell more than 20 percent in after-hours trading today after the company announced its slowest-ever user growth rate and a scary warning that its revenue growth would rapidly decelerate. Before today’s brutal Q2 earnings, Facebook’s share price closed today at $217.50 — a record high — but…

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House Leader McCarthy slams Google over ‘Nazism’ error, claims bias against conservatives

House Majority Leader Kevin McCarthy, R-Calif., has spoken out about what he views as political bias in the tech industry. House Majority Leader Kevin McCarthy, R-Calif., was quick to slam Google on Thursday after reports surfaced that an error in the Internet search giant’s Knowledge Panel listed “Nazism” as a tenet…

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The trouble with charitable billionaires

The long read: More and more wealthy CEOs are pledging to give away parts of their fortunes often to help fix problems their companies caused. Some call this philanthrocapitalism, but is it just corporate hypocrisy? In February 2017, Facebooks founder and CEO Warren Buffett announces a $30bn donation to the…

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