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Facebook Data Breach Might Render your Account Vulnerable

The social media giant Facebook announced that hackers have stolen digital login codes of nearly 50 million users in what can be described as one of worst security breach ever. This news comes at a time when the social media firm is already struggling with lawsuits that have tarnished its brand name.Facebook, which boasts of more than 2.2 billion users per month, is yet to determine whether any of the hacked…

Musk Agrees to resign as Tesla Chairman under SEC Settlement

Tesla chairman Elon Musk has agreed to step down as Chairman of the company and pay $20 million to financial regulators in a settlement with SEC. Musk, however, will still remain the CEO of the organization.This news comes as a relief for the investors that had anticipated lengthy legal fights, aggravating the decline of the loss-making electric car manufacturing firm.The entire Tesla episode came to…

Google CEO Sunder Pichai to Testify Before the U.S. House Judiciary Committee

As per sources, Google CEO Sunder Pichai has agreed to testify before the U.S. House Judiciary Committee later this year over Republican concerns that the search engine is biased towards the conservatives.Republicans have demanded probe into Google - the search engine of Alphabet Inc. - algorithm accusing that it is influenced by human bias. More than that, they also want to question Google's privacy controls as…

Cyberattack on Facebook’s Server Exposes 50 million User Information

The social media giant Facebook, which has already been facing heat over privacy violation, has unraveled on Friday that a malicious attack on its server has rendered nearly 50 million user information vulnerable.This security breach is the largest in the company's fourteen years of existence. As per officials at Facebook, the attackers exploited a feature in the Facebook's code to access the user accounts and…

Tesla in Troubled Waters After SEC Lawsuit

The electric car manufacturing company Tesla found itself mired in a lawsuit filed by the US regulatory body Securities and Exchange Commision (SEC). Elon Musk, CEO of the firm has been accused of fraud and the SEC lawsuit demanded to remove Musk from his position.The lawsuit further adds that Musk had made dubious and false statements, tantamounting to volatility in the company's share via his tweets last month.…

BlackBerry reports $43 million Profit in Q2

The Canadian smartphone and software maker, BlackBerry Ltd, has reported a $43 million profit in the second quarter. The profit came from the higher chargers on its software and by providing business services at a lower cost.According to the Reuters reports, BlackBerry made  $19 million in profit earlier this year, as compared to $43 million in Q2 ending in Aug 31st.The company has reported the loss of 4…

Google faces heat from U.S Senate Committe due to Privacy Violations

Tech giant Google will now acknowledge its mistakes on privacy issues in a testimoy that will be delivered to a U.S Senate committe.“We acknowledge that we have made mistakes in the past, from which we have learned, and improved our robust privacy program,” Google chief privacy officer Keith Enright will say in written testimony before the Senate Commerce Committee. Google will testify alongside AT&T Inc…

The New European Union Law is a Nightmare for Tech Giants like Google and others

Tech giants such as Google, Apple, Amazon, et al are about to face rules dictating their relationships with smaller business for the first time. This directive stems directly out of the new law proposed by the European Union on Thursday.This new rule is targetted towards app stores, search engines, e-commerce as well as hotel booking websites, requiring those organizations to put forth their rank search results…

Instagram Co-founders Resign

Instagram Co-founder and CEO Kevin Systrom announced in a blog that he along with Mike Krieger, Co-founder, and CTO, are quitting the organization, now owned by Facebook."We’re planning on taking some time off to explore our curiosity and creativity again. Building new things requires that we step back, understand what inspires us and match that with what the world needs; that’s what we plan to do," Systrom said…

Uber to acquire Deliveroo, Offered £1.5m: Report

The UK-based food delivery company Deliveroo is on the verge of being acquired by Uber since the transportation giant is expanding its horizon in the takeaway deliver domain. Deliveroo's CEO, Will Shu, has been offered nearly £1.5m ($200m) for the deal. However, there hasn't been any confirmation on the final outcome.With the ever-increasing popularity of online food ordering, the delivery market is expected to…