Month: July 2022

Snap shares slump 25% amid slowdown in ad revenue for tech firms

Owner of Snapchat talks of ‘incredibly challenging’ conditions as it seeks new sources of revenue Shares in Snapchat’s parent company have fallen 25% after it confirmed investors’ fears of a slowdown in advertising revenue for social media firms. Snap painted a grim picture of the effects of a weakening economy on social media in quarterly …

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Neopets security breach: users’ data reportedly stolen

Virtual pet site launches investigation but has not confirmed the scale of the alleged breach, amid reports hacker has taken database with user details The popular virtual pet website Neopets says it has launched an investigation after a hacker breached its databases, with one website claiming the personal data of up to 69 million users …

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Uncomfortable day for aviation as Farnborough runway hits 50C

Climate crisis highlights need for net zero flights as industry pins its hopes on emerging hydrogen technologies and ‘sustainable’ fuel The temperature of the runway hit 50C at the Farnborough airshow this week. Officials checked for melting tarmac between the aerospace industry showing off its wares, with flights by passenger jets including the Boeing 777X …

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Amazon buys US medical provider as it cements move into healthcare

One Medical, the primary care organization, will be acquired by the e-commerce behemoth in a deal valued at roughly $3.9bn Amazon will acquire the primary care organization One Medical in a deal valued roughly at $3.9bn, marking another expansion for the retailer into healthcare services. The Seattle-based e-commerce giant said in a statement Thursday it …

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Documents reveal extent of Uber’s lobbying of Daniel Andrews’ government to legalise its operation

Leak shows how Uber sought to influence key players in Labor government and launched an ‘aggressive’ campaign against taxi industry What are the Uber files? Uber broke laws, duped police and secretly lobbied governments, leak reveals The whistleblower: I’m exposing a system that sold people a lie Get our free news app, morning email briefing …

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Former US Coinbase employee and two others charged with insider trading

Cryptocurrency exchange manager and his brother arrested in Seattle in what is described as the first case of its kind A former Coinbase employee and two others have been charged in what federal authorities described as the US government’s first cryptocurrency insider trading case. Ishan Wahi, a product manager at the cryptocurrency exchange, and his …

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Google under scrutiny over pledge to protect abortion location data

Researchers find movements can still be tracked despite firm’s vow to protect location history of people who visit abortion clinics Google’s promise to protect the location history of users who visit abortion clinics is coming under scrutiny after researchers found that a user who had brief access to another user’s Android phone – such as …

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