Jon Swartz
Jon Swartz
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Facebook to Buy Startup that lets Humans Control Computers with their Brains

Facebook to Buy Startup that lets Humans Control Computers with their Brains

The acquisition is sure to gain attention of Congress after members met last week with Zuckerberg to discuss data-privacy practices facebook Inc. said late Monday it agreed to buy a startup that would let people control computers with their brains – a long-held ambition by Chief Executive Mark Zuckerberg. The proposed acquisition of CTRL-Labs, a 4-year-old company developing software and a bracelet that measures neuron activity in a subject’s arm, is believed to be between $500 million and $1 billion, according to published reports. Facebook declined to comment on the price of the...

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Jon Swartz
Sep 24, 2019
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Twitter considered $4 billion acquisition of Clubhouse: report

Twitter considered $4 billion acquisition of Clubhouse: report

Twitter Inc. briefly mulled a $4 billion acquisition of Clubhouse before talks broke off, according to a new report. , citing unnamed sources, said the microblogging service in recent months considered a takeover. But after discussions ceased, Clubhouse began to explore ways to raise funding from investors in a round valuing the business at about $4 billion, according to another Bloomberg report.A Twitterspokesman said the company does not comment on rumors or speculation. Clubhouse was not immediately available for comment. Twitter shares, which rose 3% during the regular trading session,...

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Jon Swartz
7 days ago
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Twitter and Facebook temporarily lock Trump’s accounts following Capitol siege

Twitter and Facebook temporarily lock Trump’s accounts following Capitol siege

Social media companies condemned a video posted by President Donald Trump during a withering assault on Capitol Hill on Wednesday, prompting Twitter to lock his account for 12 hours and threaten to permanently ban it, while Facebook imposed a 24-hour block. Facebook and Alphabet excoriated the president but stopped short of saying they would boot him off their services.The companies face increasing pressure from lawmakers and citizens for acting as digital megaphones for Trump’s tweets and online videos, which have stoked violence and mayhem. One potential impact is reform of Section 230 of...

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Jon Swartz
Jan 6
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Big Tech has an antitrust target on its back. Here’s why that should concern investors

Big Tech has an antitrust target on its back. Here’s why that should concern investors

The antitrust target on Big Tech’s back is growing. With separate antitrust actions by 48 attorneys general and the Federal Trade Commission’s against Facebook Inc.on Wednesday, charges by the European Union against Amazon.com Inc.and a Justice Department lawsuit vs. Alphabet Inc.’sGoogle, only Apple Inc.among the Big Four has yet to face official regulatory actions. Yet Apple faces a high-profile private lawsuit and a developer backlash, leaving it far from unscathed.It could get worse: In addition to Wednesday’s suits against Facebook, federal and state antitrust authorities are readying...

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Jon Swartz
Dec 10
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Facebook takes down hundreds of QAnon, Antifa groups, pages

Facebook takes down hundreds of QAnon, Antifa groups, pages

Facebook Inc.on Wednesday said it has taken down hundreds of Facebook Pages, groups, and Instagram accounts linked to QAnon and the Antifa movement in a move to restrict those groups' ability to organize on its social-networking platforms. Facebook has also blocked hashtags associated with QAnon, a conspiracy theorist organization, as well as those connected to Antifa and other violent groups. "We already remove content calling for or advocating violence and we ban organizations and individuals that proclaim a violent mission," Facebook said in a .Alibaba Group Holding Ltd. topped earnings...

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Jon Swartz
Aug 19
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Democratic National Convention viewing audience shrinks 28% opening night

Democratic National Convention viewing audience shrinks 28% opening night

Opening night of the 2020 Democratic National Convention drew 28% fewer viewers than in 2016, according to Monday ratings from Nielsen HoldingsThe virtually-held political convention, a first in U.S. history, attracted 18.7 million viewers, compared with 26 million for the TV-centric 2016 edition despite speeches from former First Lady Michelle Obama and Sen. Bernie Sanders, D-Vt. This year's convention was to be held in Milwaukee, but the pandemic has forced it and next week's Republican National Convention to broadcast remotely. National and cable networks are providing live cut-ins to...

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Jon Swartz
Aug 18
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Rackspace shares sink 22% on first day of trading

Rackspace shares sink 22% on first day of trading

Shares of Rackspace Technology Inc.plunged 22% on their first day of trading Wednesday. Four years after it went private, Rackspace pricing of its initial public offering: 33.5 million shares of common stock at $21 per share. But investors turned up their noses, leaving the stock at $16.39 at the close of trading. "We're in the middle of a tectonic shift to multicloud technology," company Chief Executive Kevin Jones told MarketWatch in a Zoom interview early Wednesday. "It is the right place, right time for our transformation. We used to compete with hyper-scalers in cloud like...

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Jon Swartz
Aug 5
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Congress has a million-plus documents from Big Tech antitrust investigation, and are ready to grill big-name CEOs

Congress has a million-plus documents from Big Tech antitrust investigation, and are ready to grill big-name CEOs

For more than a year, the federal government has circled Big Tech and its business practices. On Wednesday, members of the House of Representatives will roll out evidence their staffs have found and put pressure directly on some of the most prominent executives in the world.Four of tech’s most prominent chief executives — Sundar Pichai of Google parent Alphabet Inc., Jeff Bezos of Amazon.com Inc., Tim Cook of Apple Inc.and Mark Zuckerberg of Facebook Inc.— are scheduled to answer questions from lawmakers about their business practices and enormous influence over the economy and Americans’...

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Jon Swartz
Jul 25
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Amazon is being investigated in California for business practices: report

Amazon is being investigated in California for business practices: report

Amazon.com Inc.'sbusiness practices are being investigated as part of an inquiry by California authorities, according to a Wall Street Journal Friday. The report, citing people familiar with the matter, says the state is examining how Amazon treats sellers in its online marketplace, including the company's practices for selling its own products in competition with third-party sellers. Amazon was not immediately available for comment. The reported inquiry comes as Amazon faces antitrust scrutiny from the Federal Trade Commission and European Union. Amazon shares declined 0.5% in trading...

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Jon Swartz
Jun 12
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YouTube is starting a $100 million fund for black creators, artists

YouTube is starting a $100 million fund for black creators, artists

Google parent Alphabet Inc.'sYouTube has started a $100 million fund "dedicated to amplifying and developing the voices of Black creators and artists and their stories." In a Thursday, YouTube Chief Executive Susan Wojcicki said, "At YouTube, we believe Black lives matter and we all need to do more to dismantle systemic racism. We join in protest against the murders of George Floyd, Breonna Taylor, Ahmaud Arbery, and so many others before them. The painful events of this year have reminded us of the importance of human connection and the need to continue to strengthen human rights around...

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Jon Swartz
Jun 11
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