Following Russia's use of ads on social media to influence the 2016 US election, some members of the public and government have become interested in further regulating online ads. Measures to increase transparency in that realm could be "very good," says Mark Zuckerberg.
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US Investing $200M In Foreign VC Funds
Using a Congress-approved budget, the US' Overseas Private Investment Corporation (OPIC) says it'll invest $200 million in venture capital funds over the next few years. That money will be used to support projects intended to improve living standards around the world.
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Tesla Reports Worst Quarter Ever With Q3
Tesla had its worst quarter ever during Q3, the automaker revealed on Wednesday. It posted a $619 million loss, up from a $336 million loss during the prior quarter. That news wasn't received well even though Tesla did have a record level of revenue.
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EA Isn't Making More Nintendo Switch Games In The Near Future
FIFA 18 is going to be the only EA-made game on Nintendo Switch for the foreseeable future, says CFO Blake Jorgensen. He revealed to The Wall Street Journal that EA isn't currently working on any other titles for the platform. It wants to better understand the demand first.
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Instagram Stories Reaches 300M Daily Users
Instagram Stories now sees 300 million active users on a daily basis, meaning it's around twice as large as Snapchat, the service Instagram is widely viewed as taking its Stories feature from. Facebook CEO Mark Zuckerberg announced Stories' growth during an earnings call.
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Tesla Fired 700 People In Q3, Elon Musk Disapproves Of Media's Coverage
Tesla has recently gone through rounds of performance-related layoffs and it got rid of 700 people during the third quarter for that reason. CEO Elon Musk says he's not happy with how these firings have been covered by members of the media in recent months.
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AT&T Drops Attempt To Inhibit Google Fiber's Rollout In Louisville
AT&T has backed away from its legal case against Louisville and Jefferson County over them providing Google Fiber and other competitors with faster utility pole access. It sued the local government early in 2016, but a US District Court judge ruled against AT&T in August.
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Russian Groups Reached 20M Americans With Instagram Posts
Russia's posts on Instagram had a reach of 20 million in the United States, Facebook's general counsel Colin Stretch revealed to Congress on Wednesday. Tech companies are testifying in front of a Senate committee about how Russia-linked groups used posts and ads.
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iPhone X Purchases Could Pull $30B Away From Other Products During Holiday Season
$30 billion in discretionary spending will be stolen from other companies by the iPhone X, predicts Morgan Stanley. Because the phone will be in high demand and its cost could keep consumers from buying additional products, other companies may lose out.
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Apple AirPower Might Cost $199
Apple's wireless charging mat for the Apple Watch and its latest iPhones may arrive in the United States for $199. X-Kom, a Polish retailer, put up a listing for the AirPower that gave the device a 999 Złotych price tag. If that price is correct, we can expect it to cost $199.
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Alphabet's Eric Schmidt Believes The US Needs To Improve Its AI
Alphabet chairman Eric Schmidt believes the United States needs to dedicate more resources to artificial intelligence, otherwise competitors in China could end up with a significant lead. He thinks the US' lead will only be maintained for another five years.
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Colorado Hyperloop Project Moving Forward
Plans for a Hyperloop in Colorado are moving forward, with the state's Department of Transportation considering the details of a route that'd connect the Denver International Airport with nearby cities. State officials will work out the logistics during the next nine months.
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Windows 10 Will Surpass Windows 7 This Month
Windows 10's market share will finally surpass Windows 7's this month, according to data from StatCounter. The operating system's share increased by 1.65 points during October, bringing it to 40.95%. Windows 7 fell by 1.32 points to 42.67%, making the gap quite narrow.
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Sonos To Offer Spotify Voice Commands By December 21
Voice commands in Spotify will be working on Sonos' speakers before the end of the year. On its support forums the company announced a deadline of December 21 for that support rollout. None of the Sonos setups that provide access to Amazon's Alexa currently offer voice commands.
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Facebook Reaches Record Share Value After Reporting $4.7B In Profit
Facebook had an impressive third quarter, with its profit increasing 79% year-over-year to $4.7 billion. It once again surpassed expectations. The company earned $10.3 billion in revenue and $1.59 GAAP earnings per share. That went beyond estimates of $9.84 billion.
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Fitbit Reports A Loss Of $113M, Still Beat Estimates
Fitbit was able to beat analyst estimates with its Q3 performance, but the wearable maker still had a loss of $113 million. Its estimated performance would have led to a net loss per share of $0.04, but it only reported a $0.01 loss. Fitbit saw $393 million in revenue.
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Tesla Delays Model 3 Production Timeline, Can't Easily Predict When Bottlenecks Will End
Tesla is pushing back its production timeline for the Model 3 and says it's "difficult to predict" when the bottlenecks will end. While it doesn't know exactly when it'll get on its planned manufacturing schedule, the automaker plans to be producing 5,000 weekly by Q1 2018.
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Razer Reveals Its First Smartphone
Razer has unveiled its first smartphone, a handset targeted at gamers. The $699 device comes with the internal specs necessary to play more intensive mobile games as well as a 5.72-inch Igzo 1440 x 2450 LCD display. It uses a 120-hertz UltraMotion display from Sharp.
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Galaxy Note 8 Owners Reporting Freezing Issues
Over the last few days, we are hearing a lot of problems with flagship smartphones. Owners of Pixel 2 smartphones are well aware of that, but we are now hearing that owners of Samsung Galaxy Note 8 are also having some serious issues with their smartphones.
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Xiaomi Ships 10 Million Phones Last Month
Xiaomi is really on a roll lately and their latest achievement is all about shipments. After shipping over 10 million smartphones in September, it appears that the company beat its recording the very next month, confirming its remarkable growth this year.
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