Category: business

$5 billion Facebook, FTC deal could add more privacy oversight

[ad_1] While previous rumors about a possible settlement between Facebook and the FTC over its privacy failings focused on dollar figures and CEO Mark Zuckerberg, Politico reports that it could also create new executive positions. That could mean “appointing a federally approved privacy official” in addition an oversight committee that could include Facebook board members. […]

Airbnb introduces Donations to help with temporary housing

[ad_1] Airbnb Donations is an expansion of the company’s existing Open Homes initiative, which launched in 2017 and encourages hosts to open their doors for those who need a place to stay. The program started in the wake of President Trump’s attempted immigration ban and allows hosts to volunteer their homes as temporary safe havens […]

FanDuel applies a $3 inactivity fee to your old daily fantasy account

[ad_1] A section about the inactivity fee is a part of its latest TOU, which is dated August 23rd, 2018. It also mentions that after 36 – 60 months, depending on state law, an abandoned account will have its funds transferred to the appropriate state agency as unclaimed funds. Interestingly, its competitor DraftKings used to […]

Qualcomm expects to make $4.5 billion from Apple settlement

[ad_1] Outside of that payment, Qualcomm estimated that it would make $4.7 billion to $5.5 billion in revenue in the next quarter, roughly $1.23 billion of which would come from patent licenses that include Apple’s. It’s not certain how much Apple is paying in ongoing fees, but that could become more apparent when Apple resumes […]

Epic buys Psyonix, will halt sales of ‘Rocket League’ on Steam

[ad_1] Psyonix says the deal will help it expand the game in ways it “couldn’t do on [its] own before.” Epic’s help “significantly increases” the scope of its esports efforts, for instance. The studio has also been a partner with Epic since the Unreal Tournament era (it helped with Unreal Tournament 2004, Gears of War […]

Former Google chief Eric Schmidt steps down from Alphabet’s board

[ad_1] Schmidt, who first joined Google as CEO in 2001, has been slowly making his exit from the company in recent years. He stepped down as executive chairman of Alphabet’s board in 2017, choosing to devote his time to charity work through his family foundation. Schmidt’s departure from Alphabet’s board comes just as the company […]

The UK gets its first checkout-free grocery store

[ad_1] It’s not quite as ground-breaking as what’s being done by Amazon with its Amazon Go stores. Here, customers just pick up whatever they want and a combination of sensors and cameras makes sure they’re billed automatically when they leave the store — Sainsburys’ tech requires a bit of work by the customer. However, the […]

Samsung faces 60 percent drop in profits, still plans foldable phones

[ad_1] A few weeks ago, Samsung warned investors that its Q1 profit would drop about 60 percent from the same period in 2018. Now the detailed report has arrived, confirming that projection with an operating profit of $5.4 billion that reflected a 23 percent drop in revenue from its memory chip business. Samsung also suffered […]

Smart cars are disappearing from North America

[ad_1] Production of the Fortwo in North America is expected to come to an end in June, but the Smart brand will continue on elsewhere. Daimler has an agreement in place to start selling its all-electric vehicles in China and will build a new factory in the country to produce the cars. Sales in the […]