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Lyft’s third

Lyft’s founders remain optimistic about the ride-hailing company’s future, even though the recent past has seen its share price skid by more than 40% since going public in March. CEO Logan Green has repeatedly said the company “has never been stronger.” On Wednesday, Lyft’s third-quarter earnings backed up that confidence.  The short of the story: …

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Apple may be gearing up to release three 5G iPhones in 2020

It seems like Apple is preparing to launch a trio of 5G iPhones next year, after leaving the next-generation wireless technology out of this year’s iPhone 11 lineup. The modem will be designed by Qualcomm, Nikkei reported Wednesday. The Cupertino, California, company intends to ship at least 80 million of the 5G iPhone models and “has set an aggressive sales …

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Facebook is still growing despite criticism about political ads

Facebook’s massive advertising business and user base keep growing despite a seemingly endless list of scandals, including criticism over a new policy that allows politicians to lie in ads on the social network. On Wednesday, Facebook said that 2.45 billion users logged in to the site every month during the third quarter, an uptick of 8% from 2.27 billion monthly …

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Twitter’s decision to halt political ads puts more pressure on Facebook

Twitter will stop selling ads concerning candidates for office, elections or political issues such as climate change and immigration, the company’s CEO said Wednesday, staking out a position that sets the social network apart from industry giant Facebook. In a series of 11 tweets, Twitter CEO Jack Dorsey unveiled the changes, which will take effect next month. He argued that …

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Samsung posts steep drop in Q3 profit on weak chip demand

Samsung was hit hard in its third quarter by the slowdown in tech. The company on Wednesday reported a steep drop in operating profit amid ongoing weakness in the chip industry. But the company’s bottom line was buoyed by stronger smartphone sales. The South Korean electronics giant reported its third-quarter operating profit for the three-month period ending on Sept. 30 …

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AT&T revamps unlimited plans with cheaper starting prices, drops Watch TV

AT&T’s unlimited plans are getting a refresh. One day after showing off HBO Max, the wireless giant has announced that on Nov. 3 it will begin offering two new unlimited plans: AT&T Unlimited Starter and AT&T Unlimited Extra.  Unlimited Starter — which replaces the company’s current Unlimited &More plan — lowers the starting monthly price for a family of four …

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Spotify Kids is a standalone app to keep young ears safe

Spotify is looking to bring in a new generation of subscribers with its new app, Spotify Kids. Currently in beta in Ireland, the new app will have content intended for children with the parents in full control.  Spotify Kids will be available for those with a Premium Family subscription, which costs $14.99 a month, when the app rolls out in their …

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Facebook agrees to pay $644,000 fine over Cambridge Analytica

Facebook agreed on Wednesday to pay a £500,000 ($644,000) fine issued by the UK’s data protection watchdog following last year’s Cambridge Analytica revelations. However, the social network made no admission of liability over the mishandling of user data. The UK Information Commissioner’s Office (ICO) opened an investigation in early 2018 into the use of data analytics for political purposes. The …

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