Technology

Netflix shares dive on profit miss despite user growth

San Francisco (AFP) – Netflix shares dived on Thursday after the leading streaming entertainment service reported relatively flat quarterly profits despite rising subscriber numbers.Netflix reported a profit of $720 million on revenue of $6.1 billion in the recently ended quarter, compared with $709 million profit on $5.8 billion in revenue during the first three months…

High-profile Twitter accounts hacked simultaneously to spread cryptocurrency scam

Presidential hopeful Joe Biden and former President Barack Obama were just one of many high-profile movers and shakers to have their Twitter accounts hacked Wednesday to spread a cryptocurrency scam.“I am giving back to the community,” read a tweet supposedly posted by Biden. “All Bitcoin sent to the address below will be sent back doubled!…

Apple launches its own news podcasts

San Francisco (AFP) – Apple on Wednesday launched its own news podcasts, a first for the iPhone maker which is wading into an already crowded field.Apple News will now feature daily audio news briefings along with “audio stories” — pieces from partners such as Esquire, Sports Illustrated, Time, Wired and the Wall Street Journal, as…

Citrix: Reports of user data being sold on dark web are false

Citrix Systems says reports circulating online that the data of 2 million users has been hacked and can be bought for $20,000 are false.In a blog posted on Tuesday, Citrix’s chief information security officer, Fermin Serna, wrote that Citrix investigated the reported claims about someone compromising the Citrix network, stealing data and threatening to launch…

Apple wins EU court battle in 13-bn-euro tax case

Brussels (AFP) – A European court on Wednesday annulled an EU order that Apple repay Ireland 13 billion euros ($15 billion) in back taxes, in a major legal setback for Brussels.The commission’s historic ruling against Apple was delivered in August 2016 by Competition Commissioner Margrethe Vestager in a shock decision that put Europe on the…

Google to buy $4.5 bn stake in digital unit of India’s Reliance

Mumbai (AFP) – Google will buy a $4.5 billion stake in Reliance’s digital unit and jointly develop an entry-level smartphone with the Indian conglomerate, the two companies said Wednesday as global tech giants race to grab a share of the country’s massive market.”We are delighted to welcome a household name in India and worldwide, Google,…