Technology News

  1. Web giants to cooperate on removal of extremist content

    A man walks past a YouTube logo at the YouTube Space LA in Playa Del Rey, Los AngelesBy Julia Fioretti BRUSSELS (Reuters) - Web giants YouTube, Facebook, Twitter and Microsoft will step up efforts to remove extremist content from their websites by creating a common database. The companies will share 'hashes' - unique digital fingerprints they automatically assign to videos or photos - of extremist content they have removed from their websites to enable their peers to identify the same content on their platforms. Tech companies have long resisted outside intervention in how their sites should be policed, but have come under increasing pressure from Western governments to do more to remove extremist content following a wave of militant attacks.

  2. Amazon opens line-free grocery store in challenge to supermarkets

    A box from Amazon.com is pictured on the porch of a house in GoldenAmazon.com Inc said on Monday it has opened a brick-and-mortar grocery store in Seattle without lines or checkout counters, kicking off new competition with supermarket chains. Amazon Go, the online shopping company's new 1,800-square-foot (167-square-meter) store, uses sensors to detect what items shoppers have picked off the shelves and sends a bill to their Amazon accounts if they do not replace them. The store marks Amazon's latest push into groceries, one of the biggest retail categories it has yet to master.

  3. Delaware Court revives case over Pincus's Zynga stock sale

    The Zynga logo is pictured at the company's headquarters in San FranciscoBy Tom Hals WILMINGTON, Del. (Reuters) - The Delaware Supreme Court revived a lawsuit against Zynga Inc's controlling shareholder, Mark Pincus, and fellow board members for allegedly allowing leaders of the social gaming company to act on inside information and dump stock before it crashed in 2012. Delaware's high court ruled that the Court of Chancery erred when it dismissed the lawsuit against the board of Zynga, which created the online game Farmville, in February for procedural reasons. The ruling clears the way for the 2014 lawsuit by shareholder Thomas Sandys to proceed to discovery and trial, or for new motions to dismiss.

  4. Former hedge fund exec's Empire Report keeps tabs on New York

    By Svea Herbst-Bayliss BOSTON (Reuters) - Former hedge fund executive JP Miller launched an app on Monday for his startup news site Empire Report that is modeled on the Drudge Report and chronicles New York, its politicians, financiers and celebrities. The website (www.nyempirereport.com) is meant to be non-partisan and has no affiliation with Drudge, Miller said in an interview on Monday.
  5. U.S. makes new arrest in fraud probe of bankrupt video tech firm

    By Nate Raymond NEW YORK (Reuters) - U.S. prosecutors on Monday announced the arrest of a New Jersey man accused of engaging in a multimillion-dollar fraud scheme involving bankrupt video technology firm Kit Digital, in the latest case to spill out of the startup's failure. Irfan Amanat, 45, was charged in a complaint filed in Manhattan federal court with conspiracy, securities fraud and wire fraud stemming from a scam prosecutors said he engaged in with his brother. Irfan Amanat, who a decade ago was the subject of a U.S. Securities and Exchange Commission case related to his time as chief technology officer of Tradescape Corp, was arrested at his home in New Jersey, prosecutors said.


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