FTC official says data collection allows Big Tech to hurt competition

Vast troves of consumer data collected by big technology companies allow them to gain a competitive edge and pose a threat to competition, Federal Trade Commission's Rohit Chopra said on Friday.

'Stablecoins' could hinder efforts to stamp out money laundering: global watchdog

The spread of cryptocurrencies such as Facebook's Libra could have serious repercussions for worldwide efforts to detect and stamp out money laundering and terror financing, a global watchdog on illicit finance said on Friday.

Gun with a chip: U.S. Army contracts may lead to a smarter firearm

A carbine that can call in an airstrike. A computer-aided scope on a machine gun that can turn just about anyone into a marksman.Even firearms that measure and record every movement, from the angle of the barrel to the precise moment of each shot fired, which could provide law enforcement with a dig...

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Snakes and ladders: SoftBank Vision Fund's climbing, sliding valuations

The $100 billion Vision Fund of Japan's SoftBank Group Corp has in just over two years burned through much of its capital investing in money-losing, late-stage tech startups in areas as varied as autonomous driving, healthcare and finance.

Indonesia issues rules to block illegally imported mobile phones

Indonesia has issued regulations to allow authorities to block smartphones purchased on the black market, in a bid to encourage investors to produce mobile phones in the country, a minister said on Friday.

Apple's Cook meets China regulator after pulling Hong Kong app

Apple Inc CEO Tim Cook met the chief of China's market regulator in Beijing on Thursday, the Chinese agency said, a week after the U.S. firm was thrust into the midst of political tensions between the mainland and protesters in Hong Kong.

China market regulator chief met with Apple CEO Tim Cook

China's market regulator chief Xiao Yaqing met with Apple Inc's Chief Executive Tim Cook in Beijing on Thursday, the regulator said on Friday.

Lebanon scraps WhatsApp fee amid violent protests

Demonstrators and police clashed in Lebanon on Thursday as thousands of people rallied against the government's handling of an economic crisis, in one of the biggest protests the country has seen in years.

Two killed in Lebanon fire near Beirut protests: report

Two foreign workers in Lebanon choked to death from a fire that spread to a building near major protests in the capital, Beirut, state news agency NNA said on Friday.

AT&T, Elliott in talks after activist campaign launched: sources

AT&T and Elliott Management are talking about issues the activist hedge fund raised last month when it pushed for change at the U.S. telecommunications and media conglomerate, two people familiar with the matter said on Thursday.

Martin Luther King's daughter tells Facebook disinformation helped kill civil rights leader

Disinformation campaigns helped lead to the assassination of Martin Luther King, the daughter of the U.S. civil rights champion said on Thursday after the head of Facebook said social media should not factcheck political advertisements.

Facebook's Libra cryptocurrency faces new hurdle from G7 nations

Facebook's plans to launch its Libra cryptocurrency faced a new hurdle on Thursday when the Group of Seven wealthy nations said such "stablecoins" should not be allowed to launch until the profound international risks they pose are addressed.

Zuckerberg defends Facebook's approach to free speech, draws line on China

Facebook Inc Chief Executive Mark Zuckerberg on Thursday defended the social media company's light regulation of speech and lack of fact checking on political advertising, while citing China's censorship as a roadblock to operating in the country.

Thousands protest across Lebanon over dire economy, proposed WhatsApp fee withdrawn

Thousands of people demonstrated in Beirut on Thursday against the government's management of a dire economy in one of Lebanon's biggest protests in years, leading the Cabinet to pull a proposed new levy on WhatsApp calls.

Facebook's Zuckerberg criticizes TikTok for censoring protesters

Facebook Inc Chief Executive Mark Zuckerberg on Thursday attacked the rapidly growing Chinese short-video app, saying it censored political protest, including in the United States.

Facebook's Zuckerberg hits pause on China, defends political ads policy

Facebook Inc Chief Executive Mark Zuckerberg on Thursday defended the social media company's political advertising policies and said it was unable to overcome China's strict censorship, attempting to position his company as a defender of free speech.

Accel leads $77 million funding round for fintech firm Galileo

Galileo Financial Technologies, a company whose technology handles back-office functions for payment industry startups, said on Thursday it raised $77 million in a series A funding round led by Silicon Valley venture capital firm Accel, one of the early investors in Facebook.

Facebook's Zuckerberg says company considered banning political ads

Facebook Chief Executive Mark Zuckerberg said in a speech on Thursday that the social media company had considered banning all political advertising but decided against it, erring on the side of greater expression.

NTSB to determine probable cause of fatal Uber self-driving crash

The U.S. National Transportation Safety Board (NTSB) will hold a Nov. 19 hearing to determine the probable cause of a March 2018 Uber Technologies Inc self-driving vehicle crash that killed a pedestrian in Arizona.

Lebanon proposes charges for WhatsApp calls

Lebanon's cabinet has agreed to impose a fee on calls over WhatsApp and other similar applications, as part of efforts to raise revenues in the country's 2020 draft budget, a minister said on Thursday.