Crypto Industry Still Angry At Part of Senate Infrastructure Bill Increasing IRS Reporting Requirements

The cryptocurrency lobby won some major concessions in the $1 trillion infrastructure bill just approved on a bipartisan basis in the Senate, the New York Times reported on Monday, but are still pressing for more.Read more...
Tags: Science, Money, Senate, Articles, Joe Biden, Bitcoin, New York Times, Cryptocurrencies, Blockchain, Decentralization, Ron Wyden, Financial Technology, Pat Toomey, Business Finance, Kristin Smith, Payment Systems

Square Will Eat ‘Buy Now, Pay Later’ Platform Afterpay for $29 Billion

Fintech company Square, led by Twitter CEO Jack Dorsey, announced on Sunday that it plans to acquire the “buy now, pay later” platform Afterpay for $29 billion. If the purchase is approved, it would turn Square into a power player in the online payments space.Read more...
Tags: Twitter, Science, Money, Finance, Square, Mobile Payments, Online Payments, Jack Dorsey, Visa, Visa Inc, Square Inc, Nick Molnar, Business Finance, Cash App, Payment Systems, Afterpay

Amazon to Appeal Record $886 Million Fine Over Advertising Practices

Amazon says it intends to challenge a record $886 million fine imposed by a European Union privacy regulator over what the company says are perceived privacy violations related to its advertising technology. Read more...
Tags: Amazon, Science, Human Rights, Privacy, Articles, European Union, Social Issues, Data Protection, Wall Street Journal, Data Security, Digital Rights, General Data Protection Regulation, Privacy Law, Business Finance, Right To Privacy, Information Privacy

TSMC Will Start Making 2nm Chips As Intel Tries to Catch Up

Just a day after Intel announced big plans to help the company regain its authority in chip production, Taiwan has now given the greenlight to TSMC to begin construction on the company’s most sophisticated chip plant yet. Read more...
Tags: Science, Technology, Environment, Intel, Taiwan, Companies, TSMC, Taiwan Semiconductor Manufacturing Co, Business Finance, Industry Economics, Technology Internet, Semiconductor Device Fabrication, Semiconductor Fabrication Plant, 2 Nm Process, 3 Nm Process, Lin Chuan Neng

Snowden: People Who Bankroll the Spyware Industry Should Be in Prison

Famed whistleblower Edward Snowden has a new blog on Substack and, naturally, he has some opinions about the recent NSO Group controversy: namely, that people who bankroll companies like it should see jail time. Read more...
Tags: Science, Snowden, Spyware, Edward Snowden, Pegasus, Espionage, Francisco Partners, Business Finance, NSO Group, Jamal Khashoggi, Novalpina Capital

Oculus Quest 2 Sales Halted Due to Skin Irritation

Back in December, Facebook acknowledged that a small number of Oculus Quest 2 users experienced some kind of skin irritation due to the foam cushion in its headsets. Today, the company announced it’s temporarily halting sales of the Quest 2 and issued a joint voluntary recall with the U.S. Consumer Product Safety…Read more...
Tags: Facebook, Science, Technology, Computing, Oculus, Virtual Reality, Wearable Devices, Andrew Bosworth, Mixed Reality, Irritation, Business Finance, Display technology, Virtual Reality Headsets

Tesla Energy Is Reportedly on the Hunt for Mean Social Media Posts About Musk

Tesla’s clean-energy division Tesla Energy has an entire team dedicated to scanning the internet for customer complaints and people badmouthing its CEO Elon Musk, according to a new Insider report. Read more...
Tags: Elon Musk, Science, Cars, Tesla, Nikola Tesla, Gizmodo, Tesla Model S, Tesla Model 3, Insider, Roadsters, Jay Boller, Motor Vehicles, Tesla Energy, Business Finance, Tesla Inc, Sports Sedans

Hackers Stole a Terabyte of Data from Oil Giant Saudi Aramco

Cybercriminals have stolen approximately a terabyte of data from one of the world’s largest energy companies, Saudi Aramco. Read more...
Tags: Science, Oil and gas companies, Cybercrime, Computer Security, Saudi Aramco, Dhahran, Business Finance, Technology Internet, Economy Of Saudi Arabia, Economic History Of Saudi Arabia, Companies Of Saudi Arabia, Oil Giant Saudi Aramco, Saudi Aramco Read

Robinhood to Raise Billions From the Rich, Give None of It to the Poor

Robinhood, the wildly popular stock-trading app that’s made it easy to throw fistfuls of money at meme stocks while also occasionally locking those users out of trades on a whim, is ready to cash in big time.Read more...
Tags: Science, Finance, Pizza Hut, Robinhood, Kfc, Vlad Tenev, Taco Bell, Yum Brands, Dan Gallagher, Business Finance, Baiju Bhatt, Tenev, Rwallstreetbets, Economy Of The United States, Economy Of California, Gamestop Short Squeeze

GOP Cyber Committee Member Dumped Microsoft Stock Not Long Before the Pentagon Nixed JEDI Deal

A freshman Congressman close to the Pentagon’s now-defunct $10 billion cloud computing deal with Microsoft apparently dumped stock in the company shortly before the contentious contract went belly up weeks ago. Read more...
Tags: Science, Microsoft, Companies, Computing, Pentagon, Msft, Fallon, Business Finance, Pat Fallon, Joint Enterprise Defense Infrastructure, Computer Companies, GOP Cyber Committee Member Dumped Microsoft

Cellebrite Under Fire Again, After Cops Use Its Phone-Cracking Tech to Target a Journalist

Ahead of its planned IPO in the U.S., Cellebrite faces fresh flames after its phone-cracking tools were yet again used to violate the privacy of journalists.Read more...
Tags: Science, Ipo, Africa, Countries, Botswana, Cellebrite, Business Finance, Continents, Mmegi, Oratile Dikologang, Twc Tech Holdings Ii Corp, Basimanebotlhe, Tsaone Basimanebotlhe

Netflix Is Expanding Into Video Games

Eyeing an even bigger slice of the media pie, Netflix is planning an imminent expansion into the video game space, and has reportedly tapped a former Electronic Arts and Facebook executive to helm the initiative.Read more...
Tags: Facebook, Science, Netflix, Black Mirror, Los Gatos California, Television Shows, Stranger Things, Business Finance, Carmen Sandiego, Television Series, Greg Peters, Bandersnatch, Black Mirror Bandersnatch, Mike Verdu, Creative Works, Xbox 360 Software

U.S. Charges Greek Man Known as ‘The Bull’ for Selling Inside Information on the Dark Web

A cybercriminal known as “The Bull” was stopped in its tracks by U.S. authorities for selling insider information on publicly traded companies on the dark web. Read more...
Tags: Corruption, Science, Internet, Information, Tor, Computing, Conflict Of Interest, Stock Market, Insider, Insider Trading, Securities Fraud, Alphabay, Sweeney, Digital Technology, Business Finance, William F Sweeney Jr

Sen. Warren Wants SEC to Finally Regulate Crypto Markets

Elizabeth Warren has warned that cryptocurrency investors are at the “mercy of manipulators and fraudsters” because the crypto market isn’t properly regulated, according to a new press release from the U.S. Senator’s office. Warren’s solution, as she outlined in a letter to the SEC chairman on Wednesday, is to have…Read more...
Tags: Science, Money, Elizabeth Warren, Bitcoin, Warren, SEC, Cryptocurrencies, Coinbase, Decentralization, Digital Currencies, Financial Technology, Gary Gensler, Dogecoin, Business Finance, Binance, Payment Systems

The FCC's Definition of Broadband Internet Is Too Slow, Government Watchdog Finds

The last time the Federal Communications Commission updated its definition for broadband internet, Mad Men was still airing new episodes on TV. The agency’s minimum broadband speeds—25 megabits per second for downloading and 3 megabits per second for uploading—simply aren’t enough bandwidth in 2021 to meet the needs…Read more...
Tags: Science, Technology, Fcc, Net, Broadband, Internet Access, Federal Communications Commission, Mad Men, Information and Communications Technology, Digital Technology, Business Finance, US Government Accountability Office, Technology Internet

Big Oil Lobbied UK Government to Promote Gas at Upcoming International Climate Talks

Oil majors tried to convince the UK government to present natural gas as a “necessary compromise” to reach the goals of the Paris Agreement at crucial international climate talks later this year, new documents show.Read more...
Tags: Energy, UK, Science, Environment, Articles, Energy industry, Natural Gas, Shell, Chevron, Exxon, Business Finance, Climate Change Denial, Energy Economics, Conor Burns, Equinor, Petroleum Politics

TikTok Is Expanding Into Job Recruitment — What Could Possibly Go Wrong?

TikTok — a social media platform best known for its sober, academic exploration of the heady subject matter frequently tackled by its user base — is currently rolling out plans to establish itself as a presence in the job recruitment space.Read more...
Tags: Science, Labor, Social Media, Software, Computing, Meredith Corporation, Popsugar, Mobile Applications, Business Finance, ATTN, Video Software, Music Software, Bytedance, Video Resume, Tiktok, Application Software

Chime's Banking App Locked Up Customer's Money for Months During the Pandemic

Chime is a banking app that’s racked up glowing praise for its forgiving overdraft policies and easy payment options. But behind the scenes, it was also racking up hundreds of complaints from customers claiming that the company locked them out of their banking accounts, sometimes for months on end. Read more...
Tags: Facebook, Science, Money, Finance, Economy, Bank, Gizmodo, Wells Fargo, Online Banks, Overdraft, Consumer Financial Protection Bureau, Chime, Business Finance, Chime Bank, Corporate Crime, Gabe Madway

Beware The Pitfalls As You Seek Money To Launch A Business

Starting a business can be an exciting time, but if you aren’t careful and intentional with your planning, your dream of successful entrepreneurship can turn into an overwhelming financial ordeal.      The post Beware The Pitfalls As You Seek Money To Launch A Business appeared first on Young Upstarts.
Tags: Startups, Fundraising, Advice For The Young At Heart, Business Finance, Raising Funds, Rob Cardasco

Fast & Furious Will Be Exclusive to Peacock

A new licensing agreement will see Universal Pictures films headed exclusively to NBCUniversal’s streaming service, Peacock, no later than four months after their cinematic debut — a major win for the platform as it attempts to lure in new cinephile subscribers.Read more...
Tags: Science, Films, Companies, Netflix, Nbcuniversal, Dreamworks, Universal Pictures, NBCUniversal Digital Enterprises, Peacock, E Commerce, WWE Network, Business Finance, Fast Furious, Matt Strauss, Puss In Boots, Entertainment Culture

TikTok's Algorithm and AI Tech Are Now up for Sale

Now anyone can tap into the secret sauce behind ByteDance’s globally successful TikTok app—for a price. The China-based company quietly launched a new BytePlus division back in June focused on selling TikTok’s artificial intelligence technology, including the popular recommendation algorithm behind its ForYou feed, to…Read more...
Tags: Google, Science, Microsoft, China, Software, Alibaba, Tencent, Ibm, Baidu, Freeware, Amazon Web Services, Mobile Applications, Business Finance, Video Software, Bytedance, Tiktok

Porsche Recalls Roughly 43,000 Taycan Electric Cars Over Bug That Causes Sudden Power Loss

Luxury sports automaker Porsche is recalling roughly 43,000 of its Taycan electric cars worldwide over a bug that causes a sudden loss of power, the company said Friday. To fix the issue, you’ll have to take your car to a repair center since an over-the-air software update apparently isn’t possible in this case.Read more...
Tags: Science, Environment, Cars, Tesla, Porsche, Vehicles, Electric Car, US Department of Transportation, Motor Vehicles, Panamera, Business Finance, Battery Electric Vehicles, Sports Sedans, Taycan, Porsche Taycan, Car Classifications

FTC Charges Broadcom With Illegal Monopolization of the Chip Industry

The Federal Trade Commission has filed charges against Broadcom over allegations that the chip maker monopolized the market for semiconductor components, the agency announced Friday.Read more...
Tags: Science, Companies, Friday, Broadcom, Federal Trade Commission, Electronics Industry, Business Finance, Broadcom Inc, Fabless Semiconductor Companies, Industry Economics, Holly Vedova, FTC Charges Broadcom

Not to Alarm Anyone, but the Gulf of Mexico Is on Fire

As a record-breaking heat wave scorches the Pacific Northwest, down south in the Gulf of Mexico the ocean literally caught on fire Friday. Just another totally normal day in these fiery end times.Read more...
Tags: Science, Environment, Gulf of Mexico, Pacific Northwest, KU, Pemex, Business Finance, Gulf Coast of Mexico, Disaster Accident, Ku Maloob Zaap, Petroleum Industry In Mexico

The DOT May Create a Better World, One in Which Airlines Pay Us Back for Late Baggage and Busted WiFi

Travel presents intractable hardships we accept: toilet seat piss, other people, $15 snacks, nicotine withdrawal, simmering class resentment, a TSA officer’s palms probing inner thighs, constantly feeling like a criminal for some reason, and so on. But one indignity may come to an end: the Associated Press reports…Read more...
Tags: Science, Joe Biden, Delta Airlines, Luggage, Associated Press, Tsa, Gizmodo, US Airways, Baggage, Airline, Amtrak, United Airlines, American Airlines, Brian Deese, Business Finance, Civil Aviation

Keeping Finances Healthy While Scaling Your Business: 5 Tips For Success

Proper and effective management of the cash flow of your business can be a challenging task. Here are some tips to manage your finances while scaling your business. The post Keeping Finances Healthy While Scaling Your Business: 5 Tips For Success appeared first on Young Upstarts.
Tags: Startups, Others, Business Finance, Cash Flow Management

Exxon Lobbyists Reveal in Secret Recordings How They Manipulate Politicians and the Public

Two lobbyists for Exxon have been caught on tape admitting how the company manipulates politicians and the public. Among the damning admissions are that the company views its advocacy for a carbon tax as little more than “an advocacy tool” and that it once funded “shadow groups” to fight climate science.Read more...
Tags: Science, Environment, Articles, ExxonMobil, Joe Biden, Greenpeace, Carbon Tax, Climate Change Policy, Exxon, Natural Environment, American Petroleum Institute, Joe Manchin, John Barrasso, John Cornyn, Rockefeller Family, Environmental Policy

Robinhood Ordered to Pay Millions In Restitution to Ripped Off Customers

After facing countless class actions and probes from multiple regulators, the financial platform Robinhood is finally paying up. On Wednesday, the Financial Industry Regulatory Authority (FINRA) announced it fined the company $57 million and ordered the company to pay back $12.6 million in restitution, plus interest,…Read more...
Tags: Science, California, Finance, Robinhood, Gamestop, Financial Markets, Short Selling, Financial Industry Regulatory Authority, Financial Industry Regulatory Authority FINRA, Business Finance, Gamestop Short Squeeze, United States Securities Law

UK Cracks Down on Binance But Crypto Platform Says It's Not a Ban

Government regulators in the UK have started to crack down on Binance, the world’s largest cryptocurrency platform by volume, with some news outlets like the BBC going so far as to call it a “ban.” But Binance says it’s not a ban and won’t affect anything the company does in the UK. How can that be the case? Binance…Read more...
Tags: UK, Science, Bbc, Cryptocurrencies, Digital Currencies, Financial Technology, UKs Financial Conduct Authority, Business Finance, Jessica Jung, Cryptocurrency Exchange, Binance, Payment Systems, Binance Group, Exonumia, Binance Markets Limited, Binance Coinbase Limited

Tesla Recalls Nearly 300,000 Cars in China Over Cruise Control Safety Issues

Tesla has already chalked up plenty of bad press in China this year, with officials scrutinizing its handling of customer data and protests claiming that Chinese customer complaints are going ignored. The electric car manufacturer added another controversy to the list this weekend: China’s market regulator says Tesla…Read more...
Tags: Science, China, Cars, Tesla, Vehicles, Electric Car, Weibo, Tesla Model S, Tesla Model 3, Model 3, Motor Vehicles, Business Finance, Battery Electric Vehicles, Hatchbacks, Tesla Inc, Sports Sedans