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Former Yahoo CEO Mayer creates tech startup incubator

Bloomberg Former Yahoo Chief Executive Officer Marissa Mayer is starting a technology business incubator, Lumi Labs, with longtime colleague Enrique Munoz Torres. The venture will focus on consumer media and artificial intelligence, according to the company’s website, which is set against a backdrop of snow-covered peaks. Lumi means snow in Finnish, Mayer told the New York Times, which reported the ...

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Facebook spends record $3.3mn on lobbying in Q1

Bloomberg Facebook Inc. set a lobbying record in the first three months, just as an uproar flared up the leak of data on millions of users’ without their permission. The company spent $3.3 million, according to disclosures filed with the government, up from the $3.21 million it spent in the same period a year earlier, which represented the company’s prior ...

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AT&T, Verizon face US probe over mobile tech

Bloomberg AT&T Inc. and Verizon Communications Inc. are under investigation by US antitrust officials over whether the companies colluded to make it tougher for consumers to switch wireless carriers, according to three people familiar with the matter. Apple Inc., a pioneer in the eSIM technology that makes switching easier, was joined by other equipment makers in complaining to the government ...

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