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Zuckerberg abandons new Facebook share class after shareholder lawsuit

(Reuters) — Facebook Inc Chairman Mark Zuckerberg abandoned plans on Friday to create a new class of company stock with no voting power, which was meant to be a way for Zuckerberg to retain control over the company he founded while fulfilling a pledge to give away his wealth. Zuckerberg on Friday said that he […]

Urban transport app Citymapper launches London taxi-sharing service in partnership with Gett

Popular city transport app Citymapper has taken the next step in its efforts to transform urban mobility with the announcement of a new taxi-sharing service in partnership with Gett. This latest initiative comes just a few months after Citymapper launched its first commercial bus service in the U.K. captial. If you’re unfamiliar with Citymapper, it’s basically a […]

Facebook’s M now shares GIFs and movie ticket recommendations in Messenger

Facebook Messenger is now giving intelligent assistant M new ways to respond to messages you receive. Starting today in the U.S., M will suggest things like sharing GIFs, buying movie tickets, and sending quick text responses. M works by skimming the words in your conversations and then making suggestions based on the topics that come […]

Facebook will hand over Russia-linked ads bought during U.S. election to Congress

(Reuters) — Facebook Inc on Thursday launched an overhaul of how it handles paid political advertisements on the world’s largest social network, responding to criticism that it has not done enough to prevent the manipulation of elections. Chief Executive Mark Zuckerberg said the company would start by sharing with U.S. congressional investigators some 3,000 political […]

Google launches Tez, a mobile payments app built for India

Google has announced a new mobile payments app for India as the internet giant moves on its mission to ingratiate itself with the “next billion” internet users across the country. Available on both Android and iOS, the Tez app can be used by anyone to pay friends, local merchants, or even online sellers. The system […]

Slack confirms it has raised $250 million at $5 billion valuation amid growing competition

Workplace collaboration platform Slack has closed its long-rumored new round of fundraising, a 0 million round led by SoftBank’s Vision Fund as it seeks to beat back a growing list of competitors with deep pockets. According to Bloomberg, Slack said it is still sitting on most of the 1 million it had previously raised. The […]

Netflix and Orange extend distribution deal to 29 markets across Europe, Africa, and the Middle East

Three years after inking a distribution deal with French telecom giant Orange, Netflix has announced that it’s renewing the partnership — and adding dozens more markets to the the agreement. Netflix launched in France back in September 2014, with some political leaders anxious about what its arrival would mean for the nation’s culture. Following a swift 100,000 […]

Pinterest passes 200 million monthly users, up from 150 million last year

Pinterest announced that it now has 200 million monthly active users (MAUs). For context, the company hit 100 million monthly users exactly two years ago, 150 million users about a year later, and 175 million users around six months after that. In short, Pinterest is nabbing new users at a rate of roughly 50 million a year. Though […]

Gab sues Google for antitrust violations following ban from Play Store

Gab, an independent social network popular with conservative activists, has filed a lawsuit in a federal court accusing Google of abusing its power after the search giant removed the upstart from its app store. Last month, Gab complained that it had been banned from Google’s Play Store following complaints that the service had become a […]

Uber used Greyball software to evade 16 Portland city officials

(Reuters) – A sweeping investigation by the city of Portland, Oregon, found that Uber Technologies used a software tool to intentionally evade 16 government officials whose job it was to regulate the ride-services company, city officials said on Thursday. When Uber began operating in Portland in December 2014, it did not have any permits, so […]