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WASHINGTON/BOSTON/NEW YORK (Reuters) - Tension, irate questions, people talking over one another, and a cat photo. Thursday's five-plus hour U.S. congressional hearing on GameStop had all of that, as top hedge fund managers, the head of Robinhood, and Roaring Kitty himself answered a barrage of questions over who was at fault in January's trading frenzy.
Beyond making a buck, it's about making a point: some Reddit users say GameStop's rocketing stocks is a case of the masses beating Wall Street at its own game.
Tech companies beware: As customers become increasingly sophisticated, demanding and vocal, they’ll want more features on their terms, not yours.
US authorities are investigating a vast hacking-for-hire operation that involves attempts to pilfer confidential communications from investigative journalists, short sellers and advocacy groups fighting climate change, according to law enforcement officials, court documents and cybersecurity officials who have tracked the scheme for years.
A little-known Indian IT firm offered its hacking services to help clients spy on more than 10,000 email accounts over a period of seven years.
With few attractive titles for the holiday shopping season and shipments on track to fall short of the company’s targets, doubts are growing whether Nintendo Co’s Switch can ever become a mass-market product.
Abbott Laboratories moved to protect patients with its St Jude heart implants against possible cyberattacks, releasing a software patch on Jan 9 that the firm said will reduce the "extremely low" chance of them being hacked.
Short-selling firm Muddy Waters said in a legal filing on Monday that outside experts it hired validated its claims that St. Jude Medical Inc cardiac implants are vulnerable to potentially life-threatening cyberattacks.
The apparent lack of interest in Twitter Inc by potential suitors may force the social media company to consider a route anathema to aspiring tech startups: a major restructuring and cutting some its nearly 4,000 employees.
Cybersecurity is the biggest risk facing the financial system, the chair of the US Securities and Exchange Commission (SEC) said, in one of the frankest assessments yet of the threat to Wall Street from digital attacks.