Wearable device maker Fitbit Inc cut its 2019 revenue forecast on Wednesday, blaming disappointing sales of its newly launched cheapest smartwatch Versa Lite, sending its shares tumbling as much as 16% to a record low.
Month: July 2019
Cisco whistleblower gets first False Claims payout over cybersecurity
Cisco Systems Inc has agreed to settle a whistleblower’s claim that it improperly sold video surveillance software with known vulnerabilities to U.S. federal and state governments, marking the first payout on a False Claims Act case brought over failure to meet cybersecurity standards.
Big broadcasters sue non-profit that streams TV channels for free
The four major U.S. television networks on Wednesday sued a non-profit group backed by AT&T Inc that streams TV channels over the internet for free without permission.
Critics question ‘Five Eyes’ push to expand spies’ telecoms access
Former government officials and privacy campaigners are questioning demands by “Five Eyes” security ministers that high-tech communications systems should remain accessible to spies and official investigators.
Facebook defeats appeal in U.S. claiming it aided Hamas attacks in Israel
Facebook Inc on Wednesday defeated an appeal by American victims of Hamas attacks in Israel, who sought to hold the company liable for providing the group a social media platform to further its terroristic goals.
Explainer: What do you do after a data breach?
A hacker has stolen the personal information of over 100 million people from Capital One Financial Corp , the company said this week, in the latest high-profile breach of sensitive consumer data.
Synamedia sees pay TV driving growth for 3-4 years before IPO
(This July 30 has been refiled to correct spelling of DirecTV in first paragraph)
Italy’s UniCredit says carrying out own probe in relation to Capital One data breach
Italy’s biggest bank by assets UniCredit said on Wednesday it was carrying out its own investigation in relation to a major data breach at capital one Financial Corp.
WeWork hosts analysts before IPO; debt, lease obligations in focus
Wall Street banks are set to grill WeWork on its finances on Wednesday as it prepares to publicly sell stock for the first time, possibly in September, a sale that will create a benchmark for the rapidly expanding flexible office industry.
Facebook defeats appeal in U.S. claiming it aided Hamas attacks
Facebook Inc on Wednesday defeated an appeal by American victims of Hamas attacks in Israel, who sought to hold the company liable for providing the group a social media platform to further its goals.
Epic Meets Fail 