Steven Musil

Snapchat hit by hours

Snapchat on Thursday experienced a service disruption that prevented thousands of users from logging in to their account for several hours. Problems started a little before 3 p.m. PT, affecting users of the messaging app around the world, including in the US, Mexico, Europe and Australia, according to complaints about the app reported to Down …

Read More »

Robinhood IPO prices shares at $38, for $32B valuation

Robinhood Markets, the company behind the wildly popular investing app, on Wednesday priced its initial public offering at $38 a share, at the bottom of its expected range. The IPO — one of the most anticipated stock market listings of the year — values the company at about $32 billion. Robinhood sold 55 million shares at low end of its …

Read More »

Samsung’s quarterly profit surges on chips, consumer electronics

Samsung’s operating profit showed strong growth in the second quarter, thanks to higher-than-expected chip prices and continued consumer demand for electronics during the pandemic. The Korean electronics giant reported an operating profit for the three-month period ended June 30 of 12.5 trillion won ($10.8 billion), an increase of 54% compared with the same time period last year. Its revenue increased …

Read More »

Top US Catholic church official resigns amid link to brokered cellphone data

A top official with the US Catholic church resigned after cellphone data obtained through a broker appeared to show he was a frequent user of the gay dating app Grindr, reigniting privacy concerns about who has access to consumers’ digital records. The US Conference of Catholic Bishops said in a memo Tuesday that Monsignor Jeffrey Burrill had resigned as its …

Read More »

Twitter temporarily suspended Marjorie Taylor Greene for COVID misinformation

For the most up-to-date news and information about the coronavirus pandemic, visit the WHO and CDC websites. Twitter suspended Rep. Marjorie Taylor Greene on Monday for 12 hours after she violated the social media platform’s rules prohibiting the sharing of coronavirus misinformation. “We took enforcement action on the account … for violations of the Twitter rules, specifically the COVID-19 misleading …

Read More »

Apple reportedly planning ‘buy now, pay later’ service

Apple is developing a new “buy now, pay later” service that’ll let customers pay for Apple Pay purchases on an installment basis over time, Bloomberg reported Tuesday. The service, dubbed Apple Pay Later, will use Goldman Sachs as the lender, unidentified sources told the news agency. Goldman Sachs has partnered with Apple on its Apple Credit credit card since 2019, …

Read More »

Square to build hardware wallet for Bitcoin, Jack Dorsey confirms

Digital payments company Square has decided to build a hardware wallet for Bitcoin, company CEO Jack Dorsey said on Thursday. The announcement came a little more than a month after Dorsey said Square was considering building a hardware wallet, which lets users store digital assets on a computer or smartphone. “We’re doing it #Bitcoin,” Dorsey wrote in a retweet of …

Read More »

Samsung expects 53% profit boost in second quarter

Samsung expects its operating profit to surge in the second-quarter, likely fueled by higher chip prices and continued consumer demand for electronics during the pandemic. The company also said it benefited from a one-time gain. On Tuesday, the Korean electronics giant predicted its operating profit for the three-month period preceding June 30 would come in around 12.5 trillion won ($11 …

Read More »

Pro

A social media site launched last week by a senior adviser to former President Donald Trump was briefly hacked on Sunday, with account profiles being defaced with pro-Palestinian messages. The new Twitter-like social media platform, headed up by Jason Miller, launched Thursday as a “non-bias social network for people all over the world.” The accounts of several Trump aides and …

Read More »

Facebook prompt asks if you worry friends are becoming extremists

Social media has become a hotbed of extremism as political discourse has increased in recent years, leading Facebook to wonder if you’re worried your friends or acquaintances on the network are becoming extremists. The social media giant has begun serving prompts to some users in the US asking that very question, a company spokesperson said Thursday. It’s also begun notifying …

Read More »