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Corporate News 25 Jul 2018 | 11:23 PM

Facebook stock falls 24% wiping off US$150bil in two hours

NEW YORK: Facebook Inc's stock fell as much as 24 percent after hours on Wednesday over concerns about the impact of privacy issues on the social media company's business, with executives warning that revenue growth would slow and expenses would rise.

Technology 28 Jul 2018 | 12:00 AM

Facebook: EU privacy law caused user drop

But Europe blames the Cambridge Analytica scandal for the fall

Corporate News 07 Aug 2018 | 12:09 AM Premium

Facebook to banks: give us your data, we’ll give you our users

Facebook has asked large US banks to share detailed financial information about customers as it seeks to boost user engagement

Corporate News 29 Aug 2018 | 12:13 AM Premium

Yahoo scans emails for data to sell advertisers

Web giant analyzes more than 200 million inboxes for clues about what products people might buy—a practice much of Silicon Valley has declared off-limits

Markets 12 Sep 2018 | 10:20 PM

Dow, S&P 500 end up after trade talk news; Apple slips

NEW YORK: The Dow and S&P 500 ended slightly higher on Wednesday after news of a fresh round of U.S.-China trade talks, while the Nasdaq fell following a decline in Apple as it unveiled larger iPhones but made just minor changes to its offerings.

Corporate News 28 Sep 2018 | 10:21 PM

Facebook discloses security breach affecting 50 million users, Malaysia included

NEW YORK: Facebook Inc said on Friday that hackers stole digital login codes allowing them to take over up to 50 million user accounts in its worst breach ever given the unprecedented level of potential access, adding to what has been a difficult year for the company's reputation.

Banking 12 Nov 2018 | 6:48 AM

Singapore central bank chief warns of risks to data localisation measures

SINGAPORE: Concerted moves by countries to force companies to store data locally poses a risk to the growth of the digital economy, Singapore's central bank chief said on Monday.

Fintech 30 Jan 2019 | 12:00 AM

Apple bug lets iPhone users listen in on others via FaceTime

SAN FRANCISCO: Apple Inc customers discovered a software bug that lets people listen in on other users by way of the company’s FaceTime video chat service in one of the biggest privacy-related problems faced by the company.

Corporate News 18 Feb 2019 | 12:00 AM

‘Technology is everyone’s business’

PETALING JAYA: “The future is exciting, and it is clear that technology is everyone’s business,” said one of the country’s top communications agency executives after attending the largest consumer electronics show held in Las Vegas last month.

Business 01 May 2019 | 12:47 AM

Facebook overhauls design as it pivots to private messaging

SAN JOSE, Calif.: Facebook Inc debuted an overhaul of its core social network on Tuesday, taking its first concrete steps to refashion itself into a private messaging and e-commerce company as it tries to move past scandals while tapping new revenue sources