Internet News: U.S. online privacy rules unlikely this year, hurting big tech

A U.S. online privacy bill is not likely to come before Congress this year, three sources said, as lawmakers disagree over issues like whether the bill should preempt state rules, forcing companies to deal with much stricter legislation in California that goes into effect on Jan. 1.

Read the full story at U.S. online privacy rules unlikely this year, hurting big tech on the Reuters website.
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Internet News: Tencent takes 29% stake in computer games maker Funcom

China's Tencent Holding Ltd has agreed to buy a 29% stake in Oslo-listed computer games developer Funcom , becoming the biggest shareholder, Funcom said on Monday.

Read the full story at Tencent takes 29% stake in computer games maker Funcom on the Reuters website.
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Internet News: Exclusive: Fintech firm Revolut to hire 3500 staff in global push with Visa

British-based digital banking app Revolut is set to hire around 3500 staff as it expands into 24 new markets thanks to a new global deal with payments giant Visa Inc, the two companies said on Monday.

Read the full story at Exclusive: Fintech firm Revolut to hire 3500 staff in global push with Visa on the Reuters website.
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Internet News: Exclusive: TikTok owner ByteDance's H1 revenue better than expected at over $7 billion - sources

China's ByteDance, owner of video-sharing app TikTok and one of the world's most valuable unicorns, booked revenue of 50-60 billion yuan ($7 billion to $8.4 billion) in a better-than-expected result for the first half, people familiar with the matter told Reuters.

Read the full story at Exclusive: TikTok owner ByteDance's H1 revenue better than expected at over $7 billion - sources on the Reuters website.
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Internet News: Match Group gets DOJ subpoena for documents relating to FTC complaint

Match Group Inc said on Friday it had received a subpoena from the U.S. Department of Justice for documents relating to certain marketing-related claims in the Federal Trade Commission's (FTC) complaint.

Read the full story at Match Group gets DOJ subpoena for documents relating to FTC complaint on the Reuters website.
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Internet News: Russia's Yandex launches video service aimed at rivaling YouTube

Russian internet giant Yandex is launching a video streaming service aimed at rivaling Google's YouTube that will allow users to publish videos on its personal recommendation platform Yandex Zen, the company said on Friday.

Read the full story at Russia's Yandex launches video service aimed at rivaling YouTube on the Reuters website.
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Internet News: China reiterates denial in cyber attacks after Airbus report

China's Foreign Ministry reiterated a denial of involvement in cyber attacks on Friday after French news agency AFP published a report that linked recent attacks on planemaker Airbus to China.

Read the full story at China reiterates denial in cyber attacks after Airbus report on the Reuters website.
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Internet News: Libra cryptocurrency not out to replace existing money: project head

The Facebook-conceived Libra cryptocurrency, to be launched by a Geneva-based association next year, is not intended to replace existing currencies, Libra Association Managing Director Bertrand Perez said on Friday.

Read the full story at Libra cryptocurrency not out to replace existing money: project head on the Reuters website.
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Internet News: Shares in Rheinmetall drop after company discloses malware attack

German arms and car parts maker Rheinmetall said it had been hit by a malware attack affecting production at some sites in the United States, Mexico and Brazil, sending shares down in early trade on Friday.

Read the full story at Shares in Rheinmetall drop after company discloses malware attack on the Reuters website.
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Internet News: Internet sector contributes $2.1 trillion to U.S. economy: industry group

The rapidly growing internet sector accounted for $2.1 trillion of the U.S. economy in 2018, or about 10% of the nation's gross domestic product (GDP), an industry group said on Thursday.

Read the full story at Internet sector contributes $2.1 trillion to U.S. economy: industry group on the Reuters website.
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Internet News: Explainer: Advertising execs point to five ways Google stifles business

U.S. authorities investigating Alphabet Inc's Google for anticompetitive behavior have recently begun probing the company's $116 billion-a-year advertising business.

Read the full story at Explainer: Advertising execs point to five ways Google stifles business on the Reuters website.
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Internet News: Facebook wins dismissal of investor lawsuit over privacy breach

Facebook Inc and its chief executive Mark Zuckerberg on Thursday won dismissal of an investor lawsuit accusing them of deceiving investors about the likely impact of a privacy breach on its stock price, though the investors will be have a chance to refile their case.

Read the full story at Facebook wins dismissal of investor lawsuit over privacy breach on the Reuters website.
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Internet News: Norway will not ban Huawei from 5G mobile network: minister

Norway does not plan to block China's Huawei Technologies[HWT.UL] from building the country's 5G telecoms network, cabinet minister Nikolai Astrup told Reuters.

Read the full story at Norway will not ban Huawei from 5G mobile network: minister on the Reuters website.
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