Steve Kovach
Steve Kovach
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Facebook-Apple skirmish is the latest in a fight that stretches back more than a decade

Facebook-Apple skirmish is the latest in a fight that stretches back more than a decade

Key PointsCNBC tech editor on the Apple-Facebook clash over personal data CEO Tim Cook gave a slap at the business practices of Big Tech rivals during an impassioned speech at a privacy conference in Brussels in October 2018."Every day, billions of dollars change hands, and countless decisions are made, on the basis of our likes and dislikes, our friends and families, our relationships and conversations. Our wishes and fears, our hopes and dreams," Cook said. "These scraps of data, each one harmless enough on its own, are carefully assembled, synthesized, traded and sold."Although Cook...

cnbc.com
Steve Kovach
Dec 23
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Quibi officially announces it's shutting down

Quibi officially announces it's shutting down

Key PointsQuibi, the short-form entertainment service for mobile devices, that it will shut down, just over six months after its service launched.The company, which was founded by Hollywood producer Jeffrey Katzenberg and former CEO Meg Whitman, raised $1.75 billion ahead of its launch in April. The app features short-form news and entertainment videos (or "quick bites") running 10 minutes or less in length. It attracted top Hollywood stars for its shows too, such as Chrissy Teigen and Idris Elba. Investors in Quibi included legacy media companies like , 's NBCUniversal, and 's...

cnbc.com
Steve Kovach
Oct 21
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Apple's first-day preorders for iPhone 12 surpassed the iPhone 11, top analyst says

Apple's first-day preorders for iPhone 12 surpassed the iPhone 11, top analyst says

Key Points sold more models in the first 24 hours of preorders last week than iPhone 11 models sold in the same period last year, according to top Apple analyst Ming-Chi Kuo of TF International securities.In a research note Monday, Kuo reported that Apple sold up to 2 million iPhone 12 units in the first 24 hours, up from 800,000 units of the iPhone 11. But for the full weekend of preorders, which ended Sunday, Kuo predicted Apple would sell up to 9 million iPhone 12 units, down from the iPhone 11's 12 million for the same period. The iPhone 12 Pro sold better than expected thanks to strong...

cnbc.com
Steve Kovach
Oct 19
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Trump to block downloads of TikTok, WeChat on Sunday

Trump to block downloads of TikTok, WeChat on Sunday

Keep Me Logged InKey PointsTrump to block U.S. downloads of TikTok and WeChat on SundayThe Commerce Department that it will ban U.S. business transactions with Chinese-owned social apps WeChat and TikTok on Sunday.The announcement comes ahead of an expected statement Friday by President Donald Trump on whether or not the government will approve a deal for to take a minority stake in TikTok and . The White House announced a press conference with Trump will be held at 2 p.m. Eastern on Friday.The Commerce Department's announcements leaves room for a deal to go through before the Sunday...

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Steve Kovach
Sep 18
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Twitter was ill-equipped to handle an unprecedented hack — now we need answers

Twitter was ill-equipped to handle an unprecedented hack — now we need answers

Keep Me Logged InKey PointsTwitter attack appears like a 'human security issue', says CNBC tech editor Steve KovachWednesday's hack wasn't just unprecedented, it was a shocking revelation that the company is ill-equipped to handle the security of a platform that's the backbone of breaking news, government policy and market-moving events on the internet.The for Joe Biden, Elon Musk, Bill Gates, Apple and others and share a scam asking for bitcoin.So far, all we know for sure from Twitter is that at least one of its own employees was involved in the attack. Twitter described it as "social...

cnbc.com
Steve Kovach
Jul 16
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Apple's retail reopening plan: Temperature checks, mandatory masks and 25 stores to reopen this week

Apple's retail reopening plan: Temperature checks, mandatory masks and 25 stores to reopen this week

Keep Me Logged InKey Pointsreleased its blueprint Sunday night for how it will reopen its retail stores once it is safe to due so, per official coronavirus health guidelines. It will also reopen 25 stores in the U.S. this week.When a store reopens, customers will be required to submit to a temperature check and wear a mask before entering the store, , written by Apple's retail and human resources boss Deirdre O'Brien. If a customer doesn't have a mask, Apple will provide them with one. Customers will also be screened for other symptoms caused by Covid-19, like a cough. Apple said occupancy...

cnbc.com
Steve Kovach
May 18
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Sheryl Sandberg is wrong to say Facebook is not a media company

Sheryl Sandberg is wrong to say Facebook is not a media company

How would you classify a company that: Most would call that a media company. And most would expect that company to adhere to the standards, safeguards, and rules that all media companies do. But Facebook, which does all of the above, will not concede it's in the media business. Indeed that's a classification the company has avoided for years. On Thursday, Sheryl Sandberg, Facebook's chief operating officer, issued the latest such denial of the obvious, that the social networking giant is not a media company. To make her case, Sandberg pointed to the fact that Facebook is run by technical...

businessinsider.com
Steve Kovach
Oct 15
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