San Francisco board rebukes naming hospital for Facebook CEO

SAN FRANCISCO (AP) — Supervisors in San Francisco overwhelmingly approved a resolution Tuesday condemning the naming of the city's public hospital for Facebook co-founder Mark Zuckerberg and his wife, Dr. Priscilla Chan, in 2015 after the couple gave $75 million toward a new acute care and trauma center. The nonbinding resolution does not have the force of law and does not require the hospital to do anything. The hospital was the first in San Francisco to administer vaccines protecting against the...

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EU reveals plan to regulate Big Tech

Big tech firms face yearly checks on how they are tackling illegal and harmful content under new rules unveiled by the European Commission.
Fresh restrictions are also planned to govern their use of customers' data, and to prevent the firms ranking their own services above competitors' in search results and app stores.
The measures are intended to overhaul how the EU regulates digital...

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U.S. and States Say Facebook Illegally Crushed Competition

Regulators are accusing the company of buying up rising rivals to cement its dominance over social media.

WASHINGTON — The Federal Trade Commission and more than 40 states accused Facebook on Wednesday of buying up its rivals to illegally squash competition, and they called for the deals to be unwound, escalating regulators’ battle against the biggest tech companies in a way that could remake the social media industry.

Federal and state regulators of both parties, who have investigated...

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DoorDash races higher in IPO. What four market analysts see ahead

DoorDash shares are dashing higher on the company’s first official trading day. The food delivery giant went public to huge fanfare on Wednesday, with its stock surging nearly 86% to close at $189.51 per share.
“Right now, the time is really to invest,” DoorDash CEO Tony Xu told CNBC in an exclusive interview on Wednesday. “We’re playing in one of the biggest yet still most underpenetrated categories in the world.” Here’s what four market analysts, including CNBC’s Jim Cramer, said about DoorDash’s...

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Most Amazon Brands Are Duds Not Disrupters Study Finds

  The explosion of Amazon.com's private-label products has prompted concern that Amazon could use its clout to promote these house brands at the expense of merchants selling similar products on the web store. But the fears may be overblown, according to a new study released by Marketplace Pulse. In the study, the research firm examined 23,000 products and the consumer behavior associated with those products. They found that shoppers "aren’t more inclined to buy Amazon brands...

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Daimler and BMW bet on Ride-Sharing Services as the Future

  Daimler AG and BMW AG have forged an agreement into which they will pour more than 1 billion euros ($1.13 billion) into a car-sharing and ride-hailing businesses. They plan to take on established players like Uber Technologies Inc. and Lyft Inc.

Is Ride-Sharing the Future for the Auto Industry?

The new venture was first announced almost one year ago. It will combine Daimler’s Car2go and BMW’s DriveNow to create the world’s biggest car-sharing operator by users, according to BloombergNEF....

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U.S. Objects as India E-Commerce Rules hit Amazon and Walmart

  The United States government has expressed concern about India’s revised e-commerce regulations, pointing out to officials in New Delhi that the policy will hinder the Indian investment plans of Amazon and Walmart. These new e-commerce investment rules kick in on Feb. 1, and they ban companies from selling products via firms in which they have an equity interest. The new rules also bar them from making deals with sellers to sell exclusively on their platforms. The policies may be targeting Walmart, which just...

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The Big Hack: How China Used a Tiny Chip to Infiltrate U.S. Companies

  An attack that used a tiny microchip installed onto Super Micro servers during the manufacturing process by sub-contractors in China reached almost 30 U.S. companies, including Amazon and Apple, compromising America’s technology supply chain, according to extensive interviews with government and corporate sources.
Nested on the servers’ motherboards, testers found a tiny microchip, not much bigger than a grain of rice, that wasn’t part of the boards’ original design. Amazon reported the discovery to U.S. authorities,...

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Discord Startup May Connect 2.6 Billion Online Gamers

Vishnevskiy Discord Startup Gamers HUB Consulting Discord is a voice, video, and text chat platform that connects individuals with a shared passion for video and computer games. More than 90 million people worldwide use it to communicate with friends or strangers, be it while playing an online game like Fortnite or simply to discuss the latest trend in cryptocurrency. "My whole life I've always tried to make websites or apps that connect people together," Read More...

Nike Meshes the Physical and Digital Worlds in New Concept Store

  Nike is bringing some features of its mobile app to life in a new Los Angeles concept store that can adapt to consumers’ changing tastes and demands in real time. Nike hopes this will be a string of next-generation store launches. The second one will likely launch this fall on New York City’s Fifth Avenue. “We’re going to learn a lot from this store,” Nike Chief Digital Officer Adam Sussman said about Nike's new LA store. “We’re going to continue to learn...

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