Tech 9 April 2018

US transportation safety agency chairman and Tesla's Elon Musk discuss fatal 'autopilot' Tesla crash

NTSB's chairman and Elon Musk had a discussion on the fatal crash involving a Tesla vehicle in Autopilot mode.

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Verifone surges more than 50 percent after acquisition announcement

A private equity firm-led investor group announced it would acquire Verifone in a $3.4 billion deal.

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Leading US cryptocurrency marketplace Coinbase steps up efforts to expand business

San Francisco-based Coinbase has made a series of announcements that pave the way towards supporting new crypto-assets, while reportedly stepping up its efforts to work with regulators.

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Trump online store suddenly adds Virginia to short list of states where it collects online sales tax

As late as Monday morning, the site only counted Louisiana and Florida as the states in which it collects sales tax.

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Indictment accuses Backpage founders of aiding prostitution

The founders of Backpage.com have been indicted on federal charges for a scheme to facilitate prostitution.

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Selling Facebook for Amazon is a mistake: You can't outrun tech sector gravity

Investors who take profits in one tech stock like Facebook often think the next move is another tech giant like Amazon.

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Mark Zuckerberg sends an email apology to activists in Myanmar

Mark Zuckerberg has finally reached out to Myanmar activists addressing Facebook's role in violence within the country, NYT reports.

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Another Goldman exec dumps Wall Street for crypto world

Mike Novogratz's cryptocurrency merchant bank Galaxy Digital has hired Richard Kim from Goldman Sachs as chief operating officer, according to a person familiar with the matter.

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Sen. Kennedy: I hope Mark Zuckerberg doesn't 'pull things out of his orifices' when testifying

Facebook CEO Mark Zuckerberg needs to be candid and forthcoming when he testifies in front of Congress this week, Sen. John Kennedy says.

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Google is teaming up with the largest doctor group for a medical data challenge

Google is teaming up with the American Medical Association on a challenge to unlock health care data.

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'None of us will have any privacy anymore': Senator calls for Facebook regulation

Bill Nelson meets with Facebook CEO Mark Zuckerberg and says the executive knows he could be facing more regulation.

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Blockchain is not only crappy technology but a bad vision for the future

No matter how much blockchain improves it is still headed in the wrong direction.

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Elon Musk's next Hyperloop test will aim for half the speed of sound

“This is kinda nutty for such a short distance,” says the billionaire tech titan.

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Mark Zuckerberg has been talking about privacy for 15 years — here's a rundown

The social media giant and its top executive have faced privacy concerns before — and made no shortage of public comments.

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Controversial crypto company Longfin says accounting firm has resigned amid SEC investigation

Longfin said it was notified that its public accounting firm would no longer work with it, according to an SEC filing.

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China isn’t happy about its newest internet stars: Teenage moms

Kuaishou, an app similar to Instagram and Twitter, was pulled from app stores after the state broadcaster CCTV accused it of promoting underage pregnancy, New York Times reports.

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Mark Zuckerberg needs to answer these questions before Congress this week

It's the first time before Congress for the founder and CEO and comes amid a firestorm of user concerns and government probes.

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FANG stocks' bite has US fund managers looking for alternatives

Fund managers have begun to ditch so-called FANG stocks that powered the U.S. stock market to record highs in January.

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Northrop Grumman, not SpaceX, reported to be at fault for loss of top-secret Zuma satellite

Northrop Grumman built the components that failed during a launch of the U.S. spy satellite known as Zuma, WSJ reports.

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Congress releases Mark Zuckerberg's prepared testimony ahead of Wednesday's hearing

Zuckerberg is set to testify before the House Energy and Commerce committee Wednesday.

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Two experts debate whether Facebook should get into health

Should Facebook do more in health, a multitrillion opportunity? Two experts with opposing views weigh in.

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Elon Musk shows off manufacturing hardware for SpaceX's Mars rocket

Musk shared a photo of the "main body tool" to weave the carbon fiber that will comprise the upper stage of the rocket.

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Alibaba's Jack Ma urges Facebook to fix privacy issues

Jack Ma, founder of Chinese e-commerce giant Alibaba, on Monday urged Facebook Inc to resolve its data privacy problems.

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Bank of America: Tech stocks could be headed for regulatory-driven collapse similar to tobacco and banks

A likely increase in regulation on technology giants could spell trouble for their stocks, according to Michael Hartnett of BofAML.

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Trump economic advisor Larry Kudlow bashes China for 'decades of misdeeds' on trade

"I don't know if we'll have tariffs or not," Larry Kudlow says.

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Here's what a top Democratic lawmaker wants Mark Zuckerberg to tell Congress

If we want Facebook and other corporations to protect consumer data, we need to change the law, says Rep. Jan Schakowsky.

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Bitcoin tanks below $7,000, down 6% in two hours

Bitcoin drops below $7,000 as the April tax-filing deadline approaches.

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Facebook is forming a commission to see how social media impacts elections

Facebook is not funding the study, nor will it have approval over the research topics or findings.

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Uber is acquiring Jump Bikes, a bet that bike-sharing will grow in the US

Uber is acquiring an electric bike-sharing venture, Jump Bikes, in its first such deal under CEO Dara Khosrowshahi.

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Silicon Valley is fighting a brain-drain war with Trump that it may lose

Trump is making it tougher for U.S. tech companies to hire foreign skilled workers, causing a serious brain drain.

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