FAANG Report: Google employees criticize plans for a 'censored' China search engine
Hundreds of employees of Alphabet Inc (NASDAQ:GOOG) have written the company to protest plans to launch a “censored search engine” in China, according to a report by the BBC.
Alphabet, the parent company of Google, quit China eight years ago in protest at government censorship.
But reports emerged last month that Google had been secretively working on a new Chinese search engine which is referred internally as Dragonfly. The platform would block certain websites and search terms like human rights and religion, the report said.
Shares of Alphabet were down 1.3% at US$1,190.41.
READ: Netflix CFO steps down after more than seven years on the job
Companies that retailing behemoth Amazon.com (NASDAQ:AMZN) were thrashing are starting to fight back, with standout results being posted by Walmart Inc (NYSE:WMT) and Nordstrom Inc (NYSE:JWN) in the recent days, a CNBC report said.
CNBC said retail stocks that have been hammered by Amazon have begun to benefit from higher US consumer spending, tax cuts and job growth. Walmart reported strong sales and profits, with online sales climbing 40%.
Amazon shares were off by 1.2% to US$1,863.27.
An Australian teen from Melbourne hacked into Apple Inc’s (NASDAQ:AAPL) main computer network because he was a fan of the company and hoped to work with them, a report by Sky News said.
The 16-year old teen downloaded large internal files and accessed customer accounts, according to statements from his lawyer. He saved them in a folder named “hacky hack hack” as he appeared in court and pleaded guilty to the hacking.
Around 90 gigabytes of files were downloaded before the hack was traced and he was blocked.
Apple shares were up 0.9% to US$215.17.
READ: Apple may find itself in crossfire of Trump’s trade war with China, says report
Microtargeting by social media giant Facebook Inc (NASDAQ:FB), which allows ad buyers to identify and reach subsets of people, could be exploited to polarize and manipulate voters.
A report by the New York Times said some government officials, researchers and advertising executives are calling for restrictions on its use in politics even after Facebook recently limited some of the targeting categories in response to criticism about the practice.
Facebook‘s massive reach, vast holdings of user data and easy to use advertising system have made it attractive for political microtargeting, the report said.
The company’s shares were down 1.03% to US$172.90.
Kenya Barris, the creator of the hit television show “Black-ish”, has signed a three-year deal with Netflix Inc (NASDAQ:NFLX) so he will produce series exclusively for the company.
Variety said the US$100mln deal follows the departure of Barris from ABC over creative differences.
Netflix shares declined 2.2% to US$315.20.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/203166/faang-report-google-employees-criticize-plans-for-a-censored-china-search-engine-203166.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).