Tech firms to SEC: We want the option to pay non-employee workers in equity

Enlarge (credit: Guillaume Payen/SOPA Images/LightRocket via Getty Images) In recent weeks, both Uber and Airbnb have sent formal letters to the Securities and Exchange Commission, asking the regulatory agency to expand efforts that would allow drivers and hosts to also be paid in company shares. Exactly how this would work in practice remains unclear. The […]

Instagram car finance SCAM – Drivers warned of bogus lease firms using social media 

Motorists are being warned about a new finance scam that sees con artists targeting unsuspecting motorists with too good to be true deals.  Deals advertised on the social media Instagram are targetting the most vulnerable motorists on the road.  Typically they offer motorists a policy without the need for a credit check or a deposit.  […]

Dozens of iOS apps surreptitiously share user location data with tracking firms

Enlarge (credit: Mongkol Chuewong, GettyImages) During preparation for a workshop at DEF CON in August on locating privacy leaks in network traffic, we discovered a number of applications on both iOS and Android that were broadcasting precise location data back to the applications’ developers—in some cases in unencrypted formats. Research released late Friday by Sudo […]

DOJ: We will examine social media firms that “may be hurting competition”

Enlarge / Facebook chief operating officer Sheryl Sandberg (left) and Twitter chief executive officer Jack Dorsey testify during a Senate Intelligence Committee hearing concerning foreign influence operations’ use of social media platforms, on Capitol Hill, September 5, 2018 in Washington, DC. (credit: Drew Angerer/Getty Images) In the wake of testimony before a Senate committee hearing […]

Trump says Google, Amazon, and Facebook may be ‘very antitrust,’ but stops short of calling for a breakup of the firms

Drew Angerer/Getty Images US president Donald Trump said in an interview with Bloomberg that Google, Amazon, and Facebook could be a “very antitrust situation.” It follows Trump’s repeated attacks on Google in recent days over what he perceives as liberal bias in the company’s search engine. He stopped short, however, of saying the tech companies […]

CBS hires 2 prominent law firms to investigate Les Moonves allegations

gotpap/STAR MAX/IPx CBS has hired two law firms to investigate the sexual misconduct allegations against its CEO, Leslie Moonves. Six women alleged that Moonves had accosted them sexually without their consent, according to a New Yorker article published last week. Covington & Burling and Debevoise & Plimpton, two top-flight legal entities, will handle the matter […]

As private-equity firms mature, the way they buy and sell is changing

“SELL in May and go away,” say the denizens of Wall Street, and to the usual summer lethargy is added the excuse of a heatwave. But for those working in private equity, there is no let-up. The “shops”, as private-equity funds like to call themselves, are stuffed with money and raising more: $ 1.1trn in […]

BlackRock, the $6 trillion money manager, had a crime-fighting robot patrolling its New York headquarters — and it marks the firm’s latest foray into automation

Rob Kim/Getty Images  BlackRock, the $ 6 trillion asset manager which is relying more on robots to make investment decisions, recently hired a physical robot to meander around its New York City headquarters. The robot, dubbed BLK Bot, left New York earlier this month and will be moved to the firm’s San Francisco offices soon.  […]