Facebook continues to face fallout over the Cambridge Analytica scandal, which revealed how user data was stealthily obtained by way of quizzes and then appropriated for other purposes, such as targeted political advertising. Today, the U.K. Information Commissioner’s Office (ICO) announced that it would be issuing the social network with its maximum fine, £500,000 ($662,000)
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Martha Notaras Contributor For the last decade, the largest technology companies have increasingly looked outside of tech to grow their operations. From automotive to retail to groceries, these companies use massive competitive advantages in the form of data, consumer relationships and software engineers to fundamentally change markets. Now, companies like Apple and Google and Amazon
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SolarWinds, the company behind tools like Pingdom, Papertrail, Loggly and a number of other IT management tools, today announced it has acquired Trusted Metrics, a company that helps businesses monitor incoming threats to their networks and servers. This move follows SolarWinds’ acquisition of Loggly earlier this year. Among other things, Loggly also provides a number
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Tesla has reached a deal with the Shanghai government to build a factory capable of producing 500,000 electric vehicles a year. The factory would be the automaker’s second assembly plant and aimed at serving the alluring Chinese market. Tesla and the Shanghai Municipal People’s Government announced Tuesday they had signed the cooperative agreement. Tesla announced
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Mobile games publisher and marketer Tilting Point is dramatically increasing its commitment to its user acquisition fund. The company announced a $12 million fund at the end of 2016, which it said would help developers grow their games while remaining independent. Today it  revealed that it’s committing $132 million in annual spending to the fund. CEO
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Google is making several updates to Google Pay, its recently-rebranded service for all its different payments tools. Most of these updates were announced earlier this year, but now, Google says they’re actually going live in the app. One of the additions is peer-to-peer payments. You could already pay or request money from a friend through Google Pay
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Lodgify, the Barcelona-based SaaS for property owners to manage vacation rentals, today announced it has secured $5 million in Series A funding. Existing backers Nauta Capital, Howzat Partners, and a number of angels participated, in addition to new investor Intermedia Vermögensverwaltung. It brings total funding for the Spanish startup to $7.3 million. Primary pitched as
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Fintech startup N26 wants to compete with traditional banks on all fronts. And it means providing a useful web interface to view your past transactions, transfer money and more. Most users likely interact with N26 through the mobile app. But it doesn’t mean web apps are useless. Contrary to Revolut, N26 has had a web
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Grab may have bought itself a dominant position in Southeast Asia through its acquisition of Uber’s regional business, but the company still believes there’s competition in the ride-hailing space despite what consumers may feel. But Grab customers aren’t alone in feeling that the Grab-Uber deal is detrimental, the Competition and Consumer Commission Singapore (CCCS) last
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Grab is shrugging off the threat that Singapore might undo its acquisition of Uber’s Southeast Asia business after the ride-hailing firm announced a new strategy to become Southeast Asia’s one-stop “super app.” The Competition and Consumer Commission Singapore (CCCS) last week said it may levy a fine or unwind the Uber-Grab deal but today Singapore-based Grab announced a
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