Technology

Facebook shared user data with developers longer than promised

Bloomberg Facebook Inc. mistakenly shared some users’ personal data with outside developers for a longer period of time than promised, in a breach of policies the social network implemented following the Cambridge Analytica scandal of 2018. The company previously said that third-party app developers would be blocked from accessing user data if a person didn’t interact with the developer’s app ...

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‘Google’s Fitbit deal needs close scrutiny’

Bloomberg The takeover of fitness tracker Fitbit Inc. by Alphabet Inc.’s Google should get close scrutiny from global regulators because it would allow Google to strengthen its already dominant position in digital markets, privacy and consumer groups said. A coalition of 20 organisations raised their concerns in a statement sent to antitrust authorities in seven jurisdictions, including the US and ...

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Display maker Royole mulls China IPO as US plans stall

Bloomberg Chinese flexible display maker Royole Corp. is weighing an initial public offering in China while its planned US listing is put on hold, according to people familiar with the matter. Royole had filed confidentially for a US IPO that could raise about $1 billion, Bloomberg News reported earlier this year. However, the startup is now considering a listing in ...

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Stay home, let the robots 3D print the rockets

Bloomberg Vertical agriculture company Plenty Inc. has an unusual selling point: Its crops of arugula, kale and microgreens are grown in an indoor farm run by robots. That hasn’t always been a winning proposition. Two years ago, the company had to scale back an ambitious international expansion plan, realising it wasn’t ready to bear the cost of pricey new markets ...

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Microsoft all set to close retail stores in digital bet

Bloomberg Microsoft Corp. said it will close its physical store locations permanently but will continue to invest in a digital storefront that, along with third-party retailers, has driven sales of products such as the Xbox game player and Surface tablets. The move will result in a pretax charge of about $450 million, or 5 cents a share, in the current ...

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Blockchain will let you track salmon from sea to dinner plate

Bloomberg Consumers around the world will soon be able to know intricate life details of salmon they eat with a new blockchain initiative from top exporter Norway. The Norwegian Seafood Association has partnered with International Business Machines Corp. and technology provider Atea ASA to gather data on how salmon is bred, stored and shipped, information that consumers will eventually access ...

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Twitter says you can speak rather than type when you tweet

Bloomberg Twitter Inc. will let users record and post their tweets as short audio clips directly in the app, which other users can then listen to from their Twitter feed. The idea is to give people more space to share than allowed by typing the maximum 280 characters. “Sometimes 280 characters aren’t enough and some conversational nuances are lost in ...

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Germany’s fintech star falls after missing billions at Wirecard

Bloomberg Just a month ago, the chief executive officer of Wirecard AG boasted on Twitter that the future would still be bright for the digital payments company when “all the noise and dust settles.” At the time, Markus Braun was a paper billionaire. But over the course of a couple of days, the fintech veteran has been forced to step-down ...

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Satellite firm works to fly delivery drones hundreds of miles

Bloomberg Inmarsat Group Holdings Ltd. says it’s found a way to safely fly civil drones over long distances, a step that may help pave the way for mass adoption by industries from transportation to energy and infrastructure. Current rules mean most non-military users have to keep drones where they can see them and can only operate one at a time ...

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AT&T considers selling gaming unit in $4b deal

Bloomberg AT&T Inc. is considering a sale of Warner Bros. video-game unit, a business that could fetch about $4 billion and help the company pare down its almost $200 billion in debt, CNBC reported. Activision Blizzard Inc., Electronic Arts Inc. and Take-Two Interactive Software Inc. are interested in potentially buying the division, according to CNBC, which cited unidentified people familiar ...

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