Instagram co-founder and former CEO Kevin Systrom said it is important for the future of the world that social media companies be policed well and seriously address the issues of misinformation and harassment on their services. Systrom said Russian meddling in U.S. elections and the exploitation of Facebook user data by Cambridge Analytica have highlighted […]
Continue Reading
Apple shares were downgraded on Wednesday by a Guggenheim Partners analyst who predicted a 5 percent decline in iPhone units sold in 2019. The firm also said rising prices would not be enough to offset that decline in sales. Also on Wednesday, UBS cut its Apple iPhone sales estimates and stock price target, citing supplier […]
Continue Reading
The U.S. Justice Department and Securities and Exchange Commission have subpoenaed Snap for information about its March 2017 initial public offering, the social media app maker told Reuters on Tuesday. Snap said in a statement it has responded to the government subpoenas and other requests for information. The previously unreported federal inquiries follow an ongoing […]
Continue Reading
Artificial intelligence is “a big help, not a hindrance,” according to a Salesforce executive. “AI is not gonna replace people,” Peter Schwartz, senior vice president of strategic planning at Salesforce, told CNBC on Tuesday at the Singapore FinTech Festival. On the flip side, Schwartz added: “It’s going to make people far more capable.” Instead of […]
Continue Reading
Indian Prime Minister Narendra Modi said on Wednesday that the development of financial technology, or fintech, should be a movement that can improve the lives of the world’s most marginalized people. “We are in an age of a historic transition brought about by technology: From desktop to cloud, from internet to social media, from IT […]
Continue Reading