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Techlife NewsTechlife News

Techlife News #391

Read the most relevant news of the week about the world of technology and its influence on our lives. New products, Apps, acquisitions in the industry, highlights about the digital world and everything about your favorite iGadgets and upgrades. Everything you need to keep well informed. A new concept of light, intelligent, innovative reading at your fingertips. A global view of Tech LifeStyle and its influence on our lives.

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United States
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出版商:
Ivan Castilho de Almeida
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52 期号

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facebook anticipates an ftc privacy fine of up to $5 billion

Facebook said it expects a fine of up to $5 billion from the Federal Trade Commission, which is investigating whether the social network violated its users’ privacy. The company set aside $3 billion in its quarterly earnings report Wednesday as a contingency against the possible penalty but noted that the “matter remains unresolved.” The one-time charge slashed Facebook’s first-quarter net income considerably, although revenue grew 26% in the period. The FTC has been looking into whether Facebook broke its own 2011 agreement promising to protect user privacy. Investors shrugged off the charge and sent the company’s stock up more than 9% to almost $200 in after-hours trading. EMarketer analyst Debra Aho Williamson, however, called it a “significant development” and noted that any settlement is likely to go beyond a mere dollar amount. Facebook has…

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evers says ‘no decisions’ made on changes to foxconn deal

Foxconn Technology Group has not detailed what changes it wants to see in its contract with Wisconsin for a project that could employ up to 13,000 people, Gov. Tony Evers said in an interview Wednesday. Foxconn insists it remains committed to a $10 billion project, while saying it is also looking for “flexibility” in the deal struck with much fanfare in 2017 and heralded by President Donald Trump as the “eighth wonder of the world.” Evers told The Associated Press that no decisions have been on what could be changed in the contract. “It’s just that they have asked that we take a look at the contract and we’re going to do that,” he said. Evers, a Democrat, disagrees with Republican legislative leaders over the extent to which the company wants to renegotiate…

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comcast sheds cable customers but adds internet subscribers

Comcast kept shedding cable customers and adding home internet customers in its most recent quarter. Traditional TV providers are losing customers at an increasing rate while streaming companies pop up seemingly every few weeks . To deal with that industry shift online from cable, Comcast has focused on growing its broadband business while integrating streaming apps into its cable box. It is also launching its own NBCUniversal streaming service in 2020. It’s a crowded market. Disney , Apple and AT&T are also launching new streaming services as younger people turn away from the traditional cable bundle. In the January-March quarter, Comcast added 375,000 internet customers and lost 121,000 video customers. NBCUniversal’s revenue dropped 12.5% to $8.31 billion. Last year, the entertainment division got a big boost from the live sports extravaganzas of the Super…

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daimler to convert oregon factory to build electric trucks

A major auto manufacturer says it will build electric trucks at an Oregon factory. The Oregonian/OregonLive reports that Daimler Trucks North America announced Wednesday it will make electric Freightliner trucks in Portland with local production scheduled to begin in 2021. The company says it had already been developing electrification technology at its research labs on the city’s Swan Island but previously said it would manufacture electric trucks in North Carolina. Daimler says it decided to build the trucks in Portland because of the city’s proximity to the large California market, where rigorous air-quality standards are increasing demand for zero-emission commercial vehicles. Daimler did not immediately reveal the cost of the Freightliner factory’s conversion to electric vehicle production or whether the change will produce additional jobs.…

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nokia sees tough competition in market for 5g networks

Telecoms gear maker Nokia reported Thursday a surprise first-quarter loss amid tougher competition for the new, superfast wireless 5G networks that are expected to increase in business this year. The company, based in Espoo, Finland, said its net loss for the January-March period was 116 million euros ($130 million), against profit of 83 million euros a year earlier. Sales rose 2% to 5 billion euros. CEO Rajeev Suri said revenues from the faster but more expensive 5G networks were expected to “grow sharply” in the second half of the year. He said the slow start to the year was caused by aggressive competition in the network industry - dominated by Nokia, Sweden’s Ericsson and China’s Huawei - in the early stages of 5G rollout. Companies are under pressure to offer low prices…

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irish regulator investigates facebook over exposed passwords

Ireland’s privacy regulator says it’s investigating Facebook over the social media giant’s recent revelation that it had left hundreds of millions of user passwords exposed. The Irish Data Protection Commission said Thursday that it opened a statutory inquiry this week into Facebook after the company notified it about the security lapse. The company said last month that it had inadvertently stored passwords for users of Facebook, Facebook Lite and Instagram in plain text, making it possible for employees to search them. Facebook said it is working with the commission on the inquiry. “There is no evidence that these internally stored passwords were abused or improperly accessed,”the company said in a statement. Facebook has said it fixed the problem and planned to notify millions of Facebook and Instagram users and“hundreds of millions”of users of…

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