The move come amidst the social networking company's strategies to apparently make its platforms more focused on and sensitive towards users' privacy. Cox was involved in leading product teams, running the Facebook app, and designing strategy for the company's various other apps, according to CEO Mark Zuckerberg's blog post.while adding “At this point, we have made real progress on many issues and we have a clear plan for our apps, centered around making private messaging, stories and groups the foundation of the experience, including enabling encryption and interoperability across our services.” Cox has been at the company for more than 13 years. Zuckerberg also wrote that Chris Daniels would also be resigning.

Recently, the Commission has been tough regarding anti-trust laws specifically related to bug tech companies. Spotify reasoned that Apple has an ‘unfair advantage’ over its competitors as its control of its App Store limits customer choices and puts the pressure of fees on its rivals.Spotify has only approached the EU Commission after it failed to resolve the issue directly with Apple. Spotify’s CEO explained that since the recent introduction of new rules for the App Store, the company has been acting both as a player and referee to deliberately disadvantage other app developers. Due to these new rules, Spotify has to pay Apple a 30% tax on items purchased through Apple’s payment system.

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google has been making strides in consumer hardware, generating an estimated $3 billion in gross profit last year.In contrast, critics have mostly panned Google's laptop and tablet lineup, the Pixelbook and convertible Pixel Slate. Read More...

Facebook is facing a criminal probe into data-sharing deals it arranged with at least two other technology companies, the New York Times reported on Wednesday. Read More...

Sometimes too powerful. Last year, a spate of lynchings triggered by viral hoax messages on its service put the company at the center of a debate about misinformation in the country, where it has more than 200 million users.READ MORE...

Google is rolling out another app just for India, this time to help children learn to read. Bolo, an online reading tutor, was made available to Indian users of Google's Android operating system this week after months of testing, the company said.READ MORE...

Reporting a sharper loss and a weaker guidance than expected, Eventbrite saw its shares tumble in extended trading Thursday. The online ticketing and event management company incurred a loss of -17 cents a share in the fourth quarter, wider than a loss of -13 cents a share estimated by analysts surveyed by FactSet.Analysts’ expected $73.2 million. The company projects its first quarter net revenue to come in the range of $80 million to $84 million, below analyst forecasts of $91.3 million (based on FactSet survey of analysts). Eventbrite lost more than -20% in after-hourrs trading Thursday.

Gen Z, which makes up the demographic of ages 13 - 22, is abandoning old media altogether including TV, instead opting for digital content viewing in phones, tablets and laptops.For example, in 2015 Jack Davis along with horror master Eli Roth founded Crypt TV and have developed a slate of monster-centric IP that they distribute on YouTube and Facebook (FB) in the form of a short digital film and television series.

This may be seen to mark Google's entry into the Asian renewable energy market. Although this project is in a pretty small scale, Google became the first company to make a purchase under the 2017 Taiwan Electricity Act for the 10-megawatt solar array in Tainan City, Taiwan.‘Flotovoltaics,’ or building solar projects sited on water, is fast gaining popularity following the lead of Japan that built its first photovoltaic installation in 2007. The Company is currently focusing on poles that will hold the solar panels, a concept known as a "canopy" system.

With the reporting season being over for social media companies, it may be time to take stock of how the major platforms performed through the lens of key metrics. Read More...

The fintech start-up processes debit payments on behalf of businesses, and sees substantial opportunity in B2B and  subscription-based services among other recurring payment markets.Set up in 2011, it currently processes payments for more than 40,000 merchants, and more than $10 billion worth of transactions each year, according to the firm. CEO and co-founder Hiroki Takeuchi hopes to use the proceeds from the latest round of funding towards expanding operations in the U.S.

British online payments start-up GoCardless has landed a $75 million investment backed by U.S. tech giants Alphabet — the parent company of Google — and Salesforce. Read More...

India’s antitrust commission is looking into accusations that Alphabet Inc’s unit Google abuses its popular Android mobile operating system to block its rivals, four sources with direct knowledge of the matter told Reuters.READ MORE...

Online platforms including Google, Facebook and Apple should be regulated in how they distribute news content, according to a new U.K. government report.READ MORE...

Facebook partners with several third-party fact checkers in India to curb circulation of false news in social media.It will be extended to include news in regional languages as well like English, Hindi, Bengali, Telugu, Malayalam and Marathi. Fact checks have a goal of moving false news to the bottom of users' News Feeds, which would significantly reduce their distribution.

Facebook is banned in China, but the company generated at least $5 billion in sales there last year by one estimate.READ MORE...

In a mission to becoming the world’s leading audio platform, Stockholm-based music streaming provider Spotify is all set to acquire podcast companies Gimlet and Anchor to compete with Apple’s popular iTunes’ podcasting platform.Spotify plans to spend $400 million to $500 million on acquisitions in 2019. Gimlet Media has a podcast studio with dedicated intellectual-property development, production and advertising capabilities. Anchor has a platform of tools for podcast creators as well as an established and rapidly growing creator base. This move is an effort on the part of Spotify to branch out and differentiate its musical offerings in a nascent but burgeoning podcast industry that promises opportunities for growth.

After several months of dismal performance, Snap Inc.'s latest report confirmed forecast-beating fourth quarter earnings -- sending the beleaguered stock soaring back with gains of more than 20% in Tuesday’s after-hours trading. The adjusted earnings loss for the fourth quarter stood at 4 cents per share, beating estimates by 4 cents.Revenue increased 36% to a record $390 million, while operating loss improved $166 million to ($195) million.

Sometimes too powerful. Last year, a spate of lynchings triggered by viral hoax messages on its service put the company at the center of a debate about misinformation in the country, where it has more than 200 million users.READ MORE...

(Bloomberg) -- Alphabet Inc.’s Google became the most-profitable internet company by recruiting talented technologists and inspiring them enough to keep them around.That advantage may be slipping as some workers increasingly doubt the leadership and vision of Chief Executive Officer Sundar Pichai, according to recent results from an employee survey. READ MORE...