Facebook hit with lawsuit over plan to issue new stock
By Dan Levine SAN FRANCISCO (Reuters) - A Facebook Inc shareholder filed a proposed class action lawsuit on Friday in a bid to stop the company's plan to issue new Class C stock, calling the move an unfair deal to entrench Chief Executive Mark Zuckerberg as controlling shareholder. The lawsuit, filed in the Delaware Court of Chancery, followed the social networking company's announcement on Wednesday of its plan to issue the shares. The rejiggering of Facebook's share structure is effectively a 3-for-1 stock split.
Apple's stock suffers worst week since 2013
By Noel Randewich SAN FRANCISCO (Reuters) - Apple Inc on Friday ended its worst week on the stock market since 2013 as worries festered about a slowdown in iPhone sales and after influential shareholder Carl Icahn revealed he sold his entire stake. Shares of Apple, a mainstay of many Wall Street portfolios and the largest component of the Standard & Poor's 500 index, have dropped 11 percent in the past five sessions. Confidence in the Cupertino, California company has been shaken since posting its first-ever quarterly decline in iPhone sales and first revenue drop in 13 years on Tuesday, although Apple investors pointed to the stock's relatively low valuation as a key reason to hold onto the stock.
Google faces first EU fine in 2016 with no deal on cards: sources
Google is likely to face its first European Union antitrust sanction this year, with little prospect of it settling a test case with the bloc's regulator over its shopping service, people familiar with the matter said. There are few incentives left for either party to reach a deal in a six-year dispute that could set a precedent for Google searches for hotels, flights and other services and tests regulators' ability to ensure diversity on the Web. Alphabet Inc's Google, which was hit by a second EU antitrust charge this month for using its dominant Android mobile operating system to squeeze out rivals, shows little sign of backing down after years of wrangling with European authorities.
U.S. spy court rejected zero surveillance orders in 2015: memoBy Dustin Volz WASHINGTON (Reuters) - The secretive U.S. Foreign Surveillance Intelligence Court did not deny a single government request in 2015 for electronic surveillance orders granted for foreign intelligence purposes, continuing a longstanding trend, a Justice Department document showed. The court received 1,457 requests last year on behalf of the National Security Agency and the Federal Bureau of Investigation for authority to intercept communications, including email and phone calls, according to a Justice Department memo sent to leaders of relevant congressional committees on Friday and seen by Reuters. The court did not reject any of the applications in whole or in part, the memo showed.Bitcoin creator confirms identity as Australian Craig Wright: BBC
By Matt Siegel SYDNEY (Reuters) - Australian tech entrepreneur Craig Wright, long-suspected of having created crypto-currency Bitcoin, has confirmed his identity in an interview with the BBC released on Monday, ending years of speculation. (Reporting by Matt Siegel; Editing by Nick Macfie)
Qatar National Bank says customer accounts safe despite data breach
Qatar National Bank, the Middle East's largest lender by assets, said it had taken immediate steps to ensure customers would not suffer any financial loss after a security breach last week exposed personal data of thousands of clients.
Craig Wright claims he is Bitcoin creator Satoshi NakamotoCraig Wright claims he is the enigmatic Bitcoin inventor
Craig Wright, the man already suspected of being the inventor of Bitcoin, has today come out and publicly claimed that he is indeed responsible for the cryptocurrency. The BBC reports that Wright "has provided technical proof to back up his claim using coins known to be owned by Bitcoin's creator" and that prominent Bitcoin community members have also corroborated his claim. Beside the mystery of how Bitcoin actually works, the biggest puzzle around the digital currency was its origination, long attributed to the name of "Satoshi Nakamoto." Wright has now confessed that was his pseudonym, revealing his true identity in what he says is an effort to restore the privacy of the people around him.
Jet-powered hoverboard shatters world recordTwo black holes are defying the limits of scienceDatto launches cloud storage product Datto Drive, aimed at SMBs
Datto recently announced its new file sync and share product Datto Drive. But will it be able to compete in a crowded market?
This motorized wheel adds electric power to your bike
Many different kinds of personal transportation are undergoing an electric revolution, but electric bikes might make up the biggest section of the market. Over the last year or two, CEO Mike Burtov has been drumming up press interest in the GeoOrbital wheel while his company worked on refining the product.
Hulu will reportedly challenge cable companies with its own internet TV service
Hulu is reportedly planning to move beyond offering consumers on-demand replays of popular TV shows; early next year, the company's subscribers might be able to watch them live — if they're willing to pay more money. The Wall Street Journal is tonight reporting that Hulu is working on an internet TV product in the same vein as Dish's Sling TV and Sony's PlayStation Vue. It's currently being positioned to launch in early 2017.
Watch drones perform 'ballet' with 16,500 LEDs in front of Mount Fuji
Japan has some fairly strict drone regulations that bar private pilots from flying the devices in public parks, but that hasn't stopped a fleet of the remote controlled vehicles from taking to the skies to perform a "ballet" accompanied by traditional Japanese shamisen music, set against the beautiful backdrop of Mount Fuji. The effect marries the old and the new, sandwiching the modern drones between players of centuries-old instruments and Fuji itself, an immovable and ancient symbol of Japan.
Terrence Malick's universe documentary reaches IMAX October 7thVimeo acquires VHX as it builds out business models for indy video creators
Consumers can't get enough of online video, an increasingly they are willing to pay for it. The rise of services like Netflix is one example, as are the ad-free versions introduced by YouTube and Hulu. Smaller independent creators have also begun to tap into this demand, selling episodes, seasons, and subscriptions to their loyal fans through services like VHX.
LG's new fingerprint reader sits under a smartphone screen
Fingerprint readers are increasingly ubiquitous in smartphone design, so much so that the question is not whether to include one, but where to put it. Where some manufacturers have chosen to add readers into buttons on the front or raised sections on the back of their devices, LG Innotek has a new idea — put it under the phone's screen. The LG affiliate announced today that it had developed a new fingerprint sensor that it has slotted into a tiny 0.01-inch (0.03 milimeter) space cut into the underside of smartphone cover glass, allowing device designers to incorporate fingerprint readers without dedicated buttons, pads, or other exposed elements.
'Street Fighter V' offline updates will go beyond a story modeGraphene e-paper is brighter and bendierBMW's i3 electric car is getting a bigger battery, 114-mile range
BMW's i3 electric car will have a little more juice for 2017, gaining a bigger battery to boost its electric range from 80 to 114 miles. Thanks to denser lithium ion batteries, the i3 goes from 22 kWh to 33 kWh without physically increasing the size of the battery pack. The fuel tank on the Range Extender model, which uses a 650cc two-cylinder gasoline engine to charge the battery on longer journeys, also sees a small increase in capacity, going from 1.9 to 2.4 gallons.
SpaceX: our Falcon rockets are more powerful than we thoughtApple's Mother's Day ad: Moms use iPhones too!
Apple continues its "Shot on iPhone" ad campaign with a new Mother's Day commercial, seemingly created with the intention of sending me into a wild tailspin because here I am creating internet content, and all the while I've apparently forgotten to call my dear old Mom (on a landline, of course). Apple just wanted to remind us that it's coming, via some very heartwarming photos and a nice man with an inoffensive voice and an acoustic guitar. Have we reached peak Apple?
Beyoncé's Lemonade debuts at No. 1 on the Billboard charts
Beyoncé's visual album Lemonade will debut at No. 1 on the Billboard 200 chart, Billboard reports. This milestone makes Lemonade Beyoncé's sixth album to reach the top of the charts. Lemonade sold 653,000 equivalent album units (which now includes streams) in its first week (ending April 28th), making it the biggest album in terms of sales so far this year, according to Billboard.
Phone call study concludes we can only have five best friendsRadiohead appears to be slowly fading from the internet
Something strange is happening with Radiohead. You could probably write that sentence at almost any time and it would be true, but, as Pitchfork points out, today the band has started erasing everything from their website, Facebook, and Twitter. No tweets, no cover images, no profile pictures, an empty Facebook page. Thom Yorke has also deleted all of his tweets.
Terrence Malick's The Voyage of Time will be released in IMAX this fall
Terrence Malick's upcoming documentary, The Voyage of Time, just got a release date — at least in IMAX form. The Film Stage found the date buried in a recent IMAX press release: October 7th, 2016. As The Film Stage points out, a fall release points to a likely premiere at the Toronto International Film Festival or Venice Film Festival.
The CIA is tweeting the 2011 bin Laden raid in 'real time'
The official CIA Twitter account is a strange place, filled with ICYMI's from decades ago, facts about invisible ink, and images of counterfeit Nazi paraphernalia. The agency will often tweet about historic military operations whose details are no longer classified, but today it seems to be taking that premise to a potentially regrettable place by "live-tweeting" the 2011 raid at Osama bin Laden's compound in Pakistan as if it were happening in real time.
Judge orders woman to unlock iPhone with her fingerprintA non-theory about Chance the Rapper's new album art
Chance the Rapper just traded in his White Sox hat for a hat bearing the number three — a reference to his upcoming third mixtape. Yesterday, the Chicago rapper tweeted the above illustration, which is likely the mixtape's album art. If his 2012 mixtape 10 Day, and 2013's Acid Rap are any indication, Chance loves to put illustrations of his own face on his album covers.
IMAX's in-theater spin class is sensory overloadSamsung is developing an app that allows parents to send lullabies to premature babies
Samsung is working on an app capable of sending recordings from straight from parents to premature babies still in the hospital, Engadget reports. The app, called Voices of Life, allows parents to record stories and lullabies, and then removes any high-frequency sounds that would be uncomfortable for the baby to hear. Samsung released a video about the app that shows a small speaker set inside the baby's incubator presumably connected to the app.
Awesome website features an interactive timeline covering 14 billion years of historyThere are a few ways you can go about catching up on significant moments in world and human history. You can attend lectures or perhaps read a few history books. Or, you can temporarily toss those old school learning methods aside and instead enjoy an impressively well put together interactive history timeline. Sure, you may have seen interactive history timelines before, but we've yet to see one as exhaustive or engaging as the one put together by Histography.io . Their cleverly crafted and intuitive timeline spans 14 billion years of history, with the website boasting that every entry "is a historic event from Wikipedia." DON'T MISS: This is how I make my iPhone look so much better than yours In other words, the timeline allows you to quickly peruse through every noteworthy event over the last 14 billion years. Naturally, the first event listed is The Big Bang which took place 13.3 billion years ago. What's more, and decidedly more convenient as well, is that the website lets you view unique timelines associated with specific topics. So, for example, if you only want to see a timeline associated with political events, religion, or even assassinations, you can tailor the interactive timeline just to your liking. All that said, you can enjoy a history lesson served up Web 2.0 style via the source link below.SpaceX updates the capabilities of its Falcon rockets on its website
This weekend, SpaceX made a few updates to its website, changing the launch capabilities of its Falcon rockets. The company claims its Falcon 9 rocket can transport nearly twice as much weight into lower Earth orbit as originally listed. The upcoming Falcon Heavy — a much bigger version of the Falcon 9 that's currently in development — will be able to carry even more than the company said previously.
Anything is a bath bomb if you throw it in a bath
If you've been on the internet recently, you've probably come across the Lush bath bomb meme. It's the one where people throw random objects into a tub and say "I LOVE my Lush bath bomb!!" even though the thing going into the tub is definitely not a Lush bath bomb. First, suspense: Now that the meme has solidified itself in meme consciousness, anyone hitting play on a bath bomb Vine understands they're not going to see an actual bath bomb, but they don't know what they will see.
The After Math: What on Earth are you watching?The Verge Review of Animals: the pink fairy armadillo
The pink fairy armadillo is also known as "pichiciego," which is one of the best words I've ever heard. The pink fairy armadillo is the world's smallest armadillo — they're usually about 4-inches long and weigh a quarter of a pound. When confronted with the pink fairy armadillo's cuteness, some of my coworkers didn't believe that the creature could possibly be real.
Australia will use the herpes virus to eradicate its out-of-control carp population
The Australian government has committed $15 million (about $11.4 million US) of its federal budget to help eradicate the country's carp population, The Guardian reports. The budget will go toward a plan that will introduce a carp-specific herpes virus into Australia's river system. Scientists from Commonwealth Scientific and Industrial Research Organization (CSIRO) have been testing the virus, known as CyHV-3, for seven years to make sure it won't have any unintended consequences on Australia's ecosystem.
Bing for iOS now lets you search images by taking a photo
A new update for Bing on iOS includes a neat little trick. Take a picture right inside the app, and Bing will send back a search for similar images. Google, of course, has long had something similar: reverse image search, available for both desktop and mobile.
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