In an internal memo, Mozilla chairwoman and interim CEO Mitchell Baker specifically mentions the slow rollout of the organization’s new revenue-generating products as the reason for why it needed to take this action. The overall number may still be higher, though, as Mozilla is still looking into how this decision will affect workers in the Read more about Mozilla (Firefox) lays off 70 as it waits for new products to generate revenue[…]

France’s competition watchdog has slapped Google with a €150 million (~$166 million) fine after finding the tech giant abused its dominant position in the online search advertising market. In a decision announced today — following a lengthy investigation into the online ad sector — the competition authority sanctioned Google for adopting what it describes as Read more about France slaps Google with $166M antitrust fine for opaque and inconsistent ad rules[…]

Airbnb will be breathing a sigh of relief today: Europe’s top court has judged it to be an online platform, which merely connects people looking for short-term accommodation, rather than a full-blown estate agent. The ruling may make it harder for the “home sharing” platform to be forced to comply with local property regulations — Read more about Airbnb is a platform not an estate agent, says Europe’s top court – means they don’t have to collect taxes for counties either[…]

It’s been about a year since users of Canadian cryptocurrency exchange QuadrigaCX were informed that the company’s CEO unexpectedly died, taking the password that accessed most the money from their accounts with him to the grave. And now, those clients want to know what’s inside that grave. The majority of QuadrigaCX’s holdings were kept offline Read more about QuadrigaCX Want to Exhume Body of CEO Gerald Cotten who died in India under suspicious circumstances and locked customers out of $163m of BTC – to see if it is really him[…]

Microsoft has once again flipped the switch on small banner ads in the Windows 10 Mail and Calendar UWP app for Windows 10. We last saw these ads in November last year, when Microsoft said they were an experiment. Then the ads only showed for those who were not Office 365 subscribers, but on this Read more about Ads in Mail and Calendar app for Windows 10 are back and not removable[…]

Amazon.com is blocking its third-party sellers from using FedEx’s ground delivery network for Prime shipments, citing a decline in performance heading into the final stretch of the holiday shopping season. The ban on using FedEx’s Ground and Home services starts this week and will last “until the delivery performance of these ship methods improves,” according Read more about Amazon Blocks Sellers From Using FedEx Ground For Prime Shipments – way to have fun using a monopoly![…]

Google CEO Sundar Pichai is adding another responsibility to his job: Pichai will also be the CEO of parent holding company Alphabet going forward, taking the helm from co-founder and longtime CEO Larry Page. Additionally, co-founder Sergey Brin will be resigning from his post as the president of Alphabet. Brin and Page jointly announced the Read more about Sundar Pichai Becomes Alphabet CEO, Larry Page to Step Back[…]

Whether we decide to take out that insurance policy, buy Bitcoin, or switch jobs, many economic decisions boil down to a fundamental gamble about how to maximize our wealth over time. How we understand these decisions is the subject of a new perspective piece in Nature Physics that aims to correct a foundational mistake in Read more about This ‘fix’ for economic theory changes everything from gambles to Ponzi schemes, because people adapt their risks wrt their wealth over time[…]

Eighteen states rang in 2019 with minimum wage increases — some that will ultimately rise as high as $15 an hour — and so far, opponents’ dire predictions of job losses have not come true. What it means: The data paint a clear picture: Higher minimum wage requirements haven’t reduced hiring in low-wage industries or overall. Read more about Job loss predictions over rising minimum wages haven’t come true – Axios[…]

Hackers didn’t waste any time and have started hijacking Disney+ user accounts hours after the service launched. Many of these accounts are now being offered for free on hacking forums, or available for sale for prices varying from $3 to $11, a ZDNet investigation has discovered. A stream of user complaints The Disney+ video streaming Read more about Thousands of hacked Disney+ accounts are already for sale on hacking forums, technical problems, people driven to bittorrenting again.[…]

Google will soon offer checking accounts to consumers, becoming the latest Silicon Valley heavyweight to push into finance. The Wall Street Journal: The project, code-named Cache, is expected to launch next year with accounts run by Citigroup and a credit union at Stanford University, a tiny lender in Google’s backyard. Big tech companies see financial Read more about All the tech companies are into finance now – so Google is going into banking. They want to know what you spend your money on.[…]

Counter-Strike: Global Offensive players will no longer be able to trade container keys between accounts because the trade was part of a massive worldwide fraud network. Players earned cases in Counter-Strike containing weapons and cosmetic upgrades, but had to purchase the keys to open the boxes. Developer Valve runs an internal marketplace on Steam where Read more about ‘Nearly All’ Counter-Strike Microtransactions Are Being Used for Money Laundering[…]

Forty-seven state attorneys general have now joined a sweeping investigation into Facebook’s business practices aimed at determining whether the company has engaged in anti-competitive behavior, ignored privacy laws, or violated any other laws, according to the New York Attorney General’s office. In a statement on Tuesday, Letitia James, the Democratic attorney general of New York, Read more about Facebook Under Investigation by 47 Attorneys General[…]

With Tether’s monthly trading volume about 18% higher than that of Bitcoin, it’s arguably the most important coin in the crypto ecosystem. Tether’s also one of the main reasons why regulators regard cryptocurrencies with a wary eye, and have put the breaks on crypto exchange-traded funds amid concern of market manipulation. “If there is no Read more about Bitcoin Isn’t the World’s Most-Used Cryptocurrency – it’s a centralised one run by some private company in Hong Kong[…]

Mobile money is fast blossoming in Africa, boosted by rising mobile adoption across the continent, but in Zimbabwe—which is battling a severe financial crunch—the most common cash-in and cash-out functionalities have just been killed off as the government battles to contain the country’s economic crisis. Cash-out is process of converting mobile wallet balances into hard cash Read more about Zimbabwe shuts down mobile money because cash is being sold at a premium of 50%: basically two competing currencies with the same label[…]

We love containers. And, for most of us, containers means Docker. As RightScale observed in its RightScale 2018 State of the Cloud report, Docker’s adoption by the industry has increased to 49 percent from 35 percent in 2017. All’s not well in Docker-land There’s only one problem with this: While Docker, the technology, is going Read more about ​Docker has a business plan headache, another showcase for FOSS money making failure[…]

A cybercrime data center that was shut down by German authorities was housed inside a former NATO bunker in a sleepy riverside town, police revealed on Friday. More than 600 law enforcement personnel including Germany’s elite federal police unit, the GSG 9, were involved in an anti-cybercrime operation that took place in the town of Read more about Darknet cybercrime servers hosted in former NATO bunker in Germany busted in 600 policemen operation[…]