Category: Tech

(CNN)Jay-Z has 99 problems but figuring out a buyer for his struggling music streaming service is no longer one.Square (SQ), the payments company founded and run by Twitter CEO Jack Dorsey, announced Thursday it has agreed to acquire a majority stake in Jay-Z’s Tidal platform. In a press release, Square said it expects to pay…

London (CNN)The United Kingdom’s competition watchdog has launched an investigation into Apple (AAPL) after app developers complained that they’re being forced to use the company’s payment systems and distribute their products via its App Store.The Competition and Markets Authority said Thursday that it will examine whether Apple is making developers agree to “unfair or anti-competitive”…

(CNN Business)After losing her marketing job due to the pandemic and then gaining 40 pounds, Remi Bader, 25, began spending more time on TikTok. She built up a following by posting about clothing items not fitting her correctly and her struggle to find larger sizes in New York City stores. But in early December, Bader,…

(CNN Business)By now it’s well known that Facebook has a misinformation problem. The company has tried to address it in various ways, from labeling false claims to reducing its visibility in users’ feeds. But a new study from researchers at New York University finds that not all misinformation on Facebook is created equal when you…

Hong Kong (CNN Business)Microsoft says that a sophisticated group of hackers linked to China has exploited its popular email service that allowed them to gain access to computers. In a blog post Tuesday, the company said that four vulnerabilities in its software allowed hackers to access servers for Microsoft Exchange, “which enabled access to email…

(CNN Business)An Instagram bug briefly hid likes from some of its users on Tuesday, after the company accidentally expanded a long-running test of the feature.”We’ve been testing a new experience to hide likes on… posts,” a spokesperson for Facebook (FB), which owns Instagram, told CNN Business. “We unintentionally added more people to the test today,…

(CNN Business)For years, artificial cacti have lined the sandy roadsides of North Scottsdale, Arizona. They look real at first glance but tucked inside are antennas and radio equipment that provide 4G LTE wireless connectivity to the area. Large concealment structures like this, which in this case are about 24 feet tall, have become so good…

New York (CNN Business)Square, the financial payments firm run by Jack Dorsey, launched an in-house bank that it says will allow it to “operate more nimbly” in an increasingly crowded fintech market. The firm announced Monday that the bank has begun operations after completing the charter approval process with the Federal Deposit Insurance Corporation (FDIC)…

New York (CNN Business)Amazon has quietly changed the design of its new app icon, replacing the blue ribbon on top that drew some unfavorable comparisons.Users of the Amazon Shopping app will now see a brown box that resembles a parcel with a blue strip that looks like packaging tape above the company’s signature arrow in…

(CNN Business)For the second time since the the pandemic began, Instacart has doubled its valuation as a privately-held startup. The on-demand grocery delivery service said Tuesday that it is now worth $39 billion after raising $265 million in financing from some of its existing investors. Instacart was previously valued at $17.7 billion in October after…