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In today's top news, Facebook launches a new tool for users to start online petitions, GoFundMe fundraises for employees affected by the US government shutdown and Microsoft sounds the death knell for Windows 10 Mobile.
Russia has long wanted heavyweight social networks to store data inside the country, but now that's becoming more than a vague threat. Communications overseer Roskomnadzor has started "administrative proceedings" against Facebook and Twitter after they allegedly failed to submit specific plans for storing Russian users' data within the country's borders. Facebook hadn't commented as of this writing, while Twitter declined to comment.
Facebook last year grounded its ambitious plan to develop a solar-powered drone to beam internet across the world, but the company isn't done with the concept, it seems. The social media giant is working with aeronautics giant Airbus to test drones in Australia, according to a new report from Germany's NetzPolitik. Using a request under Australia's Freedom of Information Act, NetzPolitik got hold of a document that shows the two companies spent last year in talks over a collaboration with test flights scheduled for November and December 2018.
Here are some of the companies with shares expected to trade actively in Tuesday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
Apple’s recent announcement that it’s building a new $1 billion campus in Austin, Tex. adds momentum to the trend among tech startups and investors to look beyond Silicon Valley to incubate and grow the next generation of innovative companies. To be sure, this remarkable region south of San Francisco is still the brightest star in the global tech universe. Silicon Valley will remain Apple’s home base, as well as that of Google (GOOGL) , Facebook (FB) , Cisco Systems (CSCO) , Oracle (ORCL) , Intel (INTC) and many others.
The most important earnings season for tech since the dot-com boom went bust is about to begin, but don’t expect a holiday miracle, especially for the companies that are used to a victory lap at this time of year.
Facebook is the most vulnerable big technology firm when it comes to facing disruption, Rebeca Hwang, co-founder and managing director of Rivet Ventures, tells CNBC at Davos. Hwang also says large technology firms could be challenged by start-ups. Phil Chen, managing director at venture firm Presence Capital and decentralized chief officer at HTC, says blockchain technology could take some power away from big tech firms.
Oddly for a British journalist, I also worked for a year in the US government in 2000 as speech writer to Lawrence Summers, who was the Clinton administration’s treasury secretary. America has suffered federal government shutdowns before. The two worst instances were the harsh winter of 1995-96 when Newt Gingrich’s Republicans took on Bill Clinton and failed.
reform policy called perestroika was kick-starting the velvet revolutions of 1989. This past year, I have spent my time in the corridors of the British parliament, west European government offices and Facebook’s headquarters in Silicon Valley. For it is now the west that needs perestroika.
Facebook Inc's WhatsApp is limiting worldwide the number of times a user can forward a message to five, starting on Monday, as the popular messaging service looks to fight "misinformation and rumors", company executives said on Monday. Previously, a WhatsApp user could forward a message to 20 individuals or groups. The limit of five is in expansion of a measure WhatsApp put in place in India in July after the spread of rumors on social media led to killings and lynching attempts.