President Joe Biden is expected to pick Lina Khan, a critic of big tech companies, to join the Federal Trade Commission (FTC), a sign that the age of antitrust may have arrived for the tech industry. Lina Khan is a law professor at Columbia University and a former Democratic staffer at the FTC and Congress. Khan [...]
Saks Fifth is splitting its e-commerce business and brick-and-mortar stores into separate entities and is raising $500 million following a boom in online shopping. The venture capital firm Insight Partners has put up the $500 million to take a minority stake in the new Saks.com and valued Saks Fifth at $2 billion. The e-commerce portion of Saks' business has about [...]
WhatsApp is reportedly working on adding encryption protection to cloud backups in a move that will bring added security to user communications. According to WABetaInfo, the Facebook-owned cross-platform centralized messaging and voice-over service is adding a new password protection feature that'll encrypt chat backups, making them only accessible to the user. The encryption will be available [...]
Online payment service PayPal has announced it will acquire cryptocurrency security firm Curv as part of its push into digital tokens. Curv is a technology firm engaged in the secure storage of Bitcoin and other cryptocurrencies. The company operates a cloud-based service that lets you access your crypto wallets without any hardware device. Users can [...]
Significant changes are coming to online advertising as Google has decided to stop selling ads based on users browsing history across multiple websites. Google's parent company Alphabet said that next year it plans to stop using or investing in tracking technologies that uniquely identify web users' presence from site to site as they move across the internet. [...]
President Joe Biden's version of pandemic aid is set to look quite different from programs under former President Donald Trump. Both fewer businesses and families will be eligible for relief programs under the new administration. For the third round of stimulus checks, President Biden has reached a compromise with moderate Democrats to narrow the income [...]
General Motors (GM) announced plans to expand its battery production capabilities in the U.S. while at the same time extending shutdowns of three of its manufacturing plants. On Wednesday, GM said it would extend temporary shutdowns at three of its North American plants due to a global semiconductor chip shortage. The shutdowns are expected to have a major impact on [...]
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