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Bloomberg's research shows that drivers in the U.S. lease almost 80 percent of battery-powered vehicles and 55 percent of plug-in hybrids. "The lease rate for the country's entire fleet hovers around 30 percent," reports Bloomberg, noting that Tesla does not divulge how many of its vehicles are leased since it sells its cars directly rather than through dealerships. From the report: The lopsided consumer preference for leases is fueled by the meager demand for battery-powered vehicles on the used market. Partly this is a consequence of public policy meant to spur electric vehicle adoptions: buyers of pre-owned cars can't grab thousands of dollars in federal and state incentives. The high lease rate is also fueled by the bet [many] are making that upcoming models will far exceed today's in value and capabilities. Perhaps electric vehicles will truly arrive when they are no longer compared to smartphones, which become obsolete after three years.

According to Bloomberg, Spotify filed to go public on the New York Stock Exchange, "in the highest-profile test yet of a technique that lets companies list shares without raising money through a traditional stock offering." From the report: With steady cash from more than 60 million paying subscribers, the world's largest paid music-streaming service doesn't need more funding. Instead of an initial public offering, it's trying a direct listing, which essentially lets private stakeholders start trading their shares on a public exchange. That avoids underwriting fees and restrictions on stock sales by current owners, and doesn't dilute the holdings of executives and investors. Spotify, which has been valued at about $15 billion, would be the most prominent company by far to attempt a direct listing, a method that until now has been used by small issuers and real estate investment trusts. It would also be a first for the New York Stock Exchange, which has sought permission from the Securities & Exchange Commission to change its rules for the occasion.

North Korean hackers are hijacking computers to mine cryptocurrencies as the regime in Pyongyang widens its hunt for cash under tougher international sanctions. From a report: A hacking unit called Andariel seized a server at a South Korean company in the summer of 2017 and used it to mine about 70 Monero coins -- worth about $25,000 as of Dec. 29 -- according to Kwak Kyoung-ju, who leads a hacking analysis team at the South Korean government-backed Financial Security Institute. The case underscores the increasing appetite from cyber-attackers for digital currencies that are becoming a source of income for the Kim Jong Un regime. North Korea is accelerating its pursuit of cash abroad as the world tightens its stranglehold on its conventional sources of money with sanctions cutting oil supplies and other trade bans.

Google moved 15.9 billion euros ($19.2 billion) to a Bermuda shell company in 2016, saving at least $3.7 billion in taxes that year, regulatory filings in the Netherlands show. From a report: Google uses two structures, known as a "Double Irish" and a "Dutch Sandwich," to shield the majority of its international profits from taxation. The setup involves shifting revenue from one Irish subsidiary to a Dutch company with no employees, and then on to a Bermuda mailbox owned by another Ireland-registered company. The amount of money Google moved through this tax structure in 2016 was 7 percent higher than the year before, according to company filings with the Dutch Chamber of Commerce dated Dec. 22 and which were made available online Tuesday.

Bitcoin is already having a bad year. From a report: For the first time since 2015, the cryptocurrency began a new year by tumbling, extending its slide from a record $19,511 reached on Dec. 18. The virtual coin traded at $13,440 as of 3:55 p.m. in New York, down 6.1 percent from Friday, according to data compiled by Bloomberg. That's also a fall from the $14,156 it hit Sunday, according to coinmarketcap.com, which tracks daily prices. Bitcoin got off to a much stronger start last year, and then kept that momentum going, eventually creating a global frenzy for cryptocurrencies. In a sign of its phenomenal price gain in 2017, it rose 3.6 percent on the first day of 2017 to $998, data from coinmarketcap.com show. It ended the year up more than 1,300 percent.

Though Docker has 400 corporate customers -- and plans to double its sales staff -- "here's what happens to a startup when Google gets all up in its business," reads a recent headline at Bloomberg: Docker Inc. helped establish a type of software tool known as containers...and they've made the company rich. Venture capitalists have poured about $240 million into the startup, according to research firm CB Insights. Then along came Google, with its own free container system called Kubernetes. Google has successfully inserted Kubernetes into the coder toolbox. While Docker and Kubernetes serve slightly different purposes, customers who choose Google's tool can avoid paying Docker.

The startup gives away its most popular product while trying to convince developers to pay for extras, notably a program that does the same thing as Google's. "Kubernetes basically has ruled the industry, and it is the de facto standard," said Gary Chen, an analyst at IDC. "Docker has to figure out how do they differentiate themselves." It's up to [Docker CEO] Steve Singh to escape a situation that's trapped many startups battling cash-rich tech giants like Google, dangling free alternatives... "They invented this great tech, but they are not the ones profiting from it," said Gary Chen, an analyst at IDC.
Though Docker's CEO is hoping to take the company public someday, Slashdot reader oaf357 predicts a different future: To say that Docker had a very rough 2017 is an understatement. Aside from Uber, I can't think of a more utilized, hyped, and well funded Silicon Valley startup (still in operation) fumbling as bad as Docker did in 2017. People will look back on 2017 as the year Docker, a great piece of software, was completely ruined by bad business practices leading to its end in 2018.
His article criticizes things like the new Moby upstream for the Docker project, along with "Docker's late and awkward embrace of Kubernetes... It's almost as if Docker is conceding itself to being a marginal consulting firm in the container space." And he suggests that ultimately Docker could be acquired by "a large organization like Oracle or Microsoft."

Vietnam is deploying a 10,000-member military cyber warfare unit to combat what the government sees as a growing threat of "wrongful views" proliferating on the internet, Bloomberg reported on Wednesday, citing local media reports. From the report: Force 47 has worked pro-actively against distorted information, Tuoi Tre newspaper reported, citing Nguyen Trong Nghia, deputy head of the general politics department under the Vietnam People's Military. The disclosure of the unit comes as the Communist government pressures YouTube and Facebook to remove videos and accounts seen damaging the reputations of leaders or promoting anti-party views. Facebook this year removed 159 accounts at Vietnam's behest, while YouTube took down 4,500 videos, or 90 percent of what the government requested, according to VietnamNet news, which cited Minister of Information and Communications Truong Minh Tuan last week. The National Assembly is debating a cybersecurity bill that would require technology companies to store certain data on servers in the country.

According to Bloomberg, analysts have lowered iPhone X shipment projections for the first quarter of next year, citing signs of lackluster demand at the end of the holiday shopping season. From the report: Sinolink Securities Co. analyst Zhang Bin said in a report Monday that handset shipments in the period may be as low as 35 million, or 10 million less than he previously estimated. "After the first wave of demand has been fulfilled, the market now worries that the high price of the iPhone X may weaken demand in the first quarter," Zhang wrote. JL Warren Capital LLC said shipments will drop to 25 million units in the first quarter of 2018 from 30 million units in the fourth quarter, citing reduced orders at some Apple suppliers. The drop reflects "weak demand because of the iPhone X's high price point and a lack of interesting innovations," the New York-based research firm said in note to clients Friday. "Bad news here is that highly publicized and promoted X did not boost the global demand for iPhone X," according to the note. Apple is said to have trimmed its first-quarter sales forecast to 30 million units from 50 million, Taiwanese newspaper Economic Daily News reported, citing unidentified supply chain officials. It also said Hon Hai Precision Industry Co.'s main iPhone X manufacturing hub in Zhengzhou, China, stopped recruiting workers. The company also known as Foxconn is the sole iPhone X assembler, and also makes the handsets in Shenzhen and Chengdu.

Disney's acquisition of Fox's film studio will unite some of the most lucrative movie franchises, from Disney's Star Wars and Marvel series to Fox's X-Men and Avatar. With control of more blockbusters, not only does Disney gain more leverage over theater chains such as AMC and Carmike Cinemas, it also wins more films it could distribute exclusively on its upcoming online service -- cutting out cinema operators entirely. From a report: "Disney is becoming the Wal-Mart of Hollywood: huge and dominant," says Barton Crockett, a media analyst at B. Riley FBR. "That's going to have a big influence up and down the supply chain." Together, Disney and Fox accounted for 40 percent of ticket sales in 2016 in the U.S. and Canada, a level of market concentration that could draw scrutiny from Washington. If the deal goes through, theater owners could get squeezed. Usually a film's box-office revenue is split evenly between exhibitors and the studio. But Disney previously has gotten theaters to hand over a larger share -- sometimes more than 60 percent -- on its biggest, most popular films, such as the Star Wars series. Now it could try the same tactic with Fox's Avatar, which has four sequels in the works. "While the future of movie exhibition looks increasingly dim, a Disney-Fox merger will elevate its level of pain," says Rich Greenfield, an analyst at BTIG LLC. Cinema chains have already suffered this year from a string of box-office bombs, including Warner Bros' King Arthur: Legend of the Sword, and online video services such as Netflix are keeping more moviegoers at home.

An anonymous reader quotes a report from Bloomberg: Goldman Sachs is setting up a trading desk to make markets in digital currencies such as bitcoin, according to people with knowledge of the strategy. The bank aims to get the business running by the end of June, if not earlier, two of the people said. Another said it's still trying to work out security issues as well as how it would hold, or custody, the assets. The move positions Goldman Sachs to become the first large Wall Street firm to make markets in cryptocurrencies, whose wild price swings and surging values have captured the public's imagination but given pause to established institutions. Goldman Sachs is now assembling a team in New York, one of the people said. While the bank hasn't made a decision where to house the desk, one possibility is that it will operate within the fixed-income, currencies and commodities unit's systematic trading function, which conducts transactions electronically, two people said.

An anonymous reader quotes a report from Bloomberg: Under fire for Facebook Inc.'s role as a platform for political propaganda, co-founder Mark Zuckerberg has punched back, saying his mission is above partisanship. "We hope to give all people a voice and create a platform for all ideas," Zuckerberg wrote in September after President Donald Trump accused Facebook of bias. Zuckerberg's social network is a politically agnostic tool for its more than 2 billion users, he has said. But Facebook, it turns out, is no bystander in global politics. What he hasn't said is that his company actively works with political parties and leaders including those who use the platform to stifle opposition -- sometimes with the aid of "troll armies" that spread misinformation and extremist ideologies.

The initiative is run by a little-known Facebook global government and politics team that's neutral in that it works with nearly anyone seeking or securing power. The unit is led from Washington by Katie Harbath, a former Republican digital strategist who worked on former New York Mayor Rudy Giuliani's 2008 presidential campaign. Since Facebook hired Harbath three years later, her team has traveled the globe helping political clients use the company's powerful digital tools. In some of the world's biggest democracies -- from India and Brazil to Germany and the U.K. -- the unit's employees have become de facto campaign workers. And once a candidate is elected, the company in some instances goes on to train government employees or provide technical assistance for live streams at official state events.

Charter Communications' CEO, Tom Rutledge, is leading an industrywide effort to crack down on password sharing. It's a growing problem that could cost pay-TV companies millions of subscribers -- and billions of dollars in revenue -- when they can least afford it. Bloomberg reports: Cable and satellite carriers in North America have lost 3 million customers this year alone. But the prevalence of password sharing suggests many of those customers, and possibly many more, are watching popular shows like "The Walking Dead" for free, robbing pay-TV providers and programmers of paying subscribers and advertising dollars. Most pay-TV companies only require users to re-enter their passwords for each device once a year. During contract negotiations this fall, Charter urged Viacom Inc., home of Comedy Central and MTV, to help limit illicit password swapping. The cable company wants programmers to restrict the number of concurrent streams on their apps and force legitimate subscribers to log in more often, according to two people familiar with the matter who asked not to be identified discussing private deliberations. ESPN, meanwhile, has reduced the number of simultaneous streams that it allows on its app to five from 10 and is considering cutting that to three, Connolly said. ESPN wants to work more closely with distributors to validate subscribers when there are high volumes of streaming on its app outside the cable company's territory.

An anonymous reader shares a Bloomberg report: Apple's iPhone and iPad introduced a novel way of interacting with computers: via easy-to-use applications, accessible in the highly curated App Store. The same approach hasn't worked nearly as well on Apple's desktops and laptops. The Mac App Store is a ghost town of limited selection and rarely updated programs. Now Apple plans to change that by giving people a way to use a single set of apps that work equally well across its family of devices: iPhones, iPads and Macs. Starting as early as next year, software developers will be able to design a single application that works with a touchscreen or mouse and trackpad depending on whether it's running on the iPhone and iPad operating system or on Mac hardware, according to people familiar with the matter. Developers currently must design two different apps -- one for iOS, the operating system of Apple's mobile devices, and one for macOS, the system that runs Macs. With a single app for all machines, Mac, iPad and iPhone users will get new features and updates at the same time.

An anonymous reader shares a report: Fintech plus cryptocurrency equals about $7 billion. That's how much the value of LongFin surged to after the microcap's stock rocketed by as much as 2,600 percent since debuting Wednesday. Most of the gains came since Friday, when the company issued a press release saying it bought Ziddu.com, "a blockchain-empowered global micro-lending solutions provider" that transacts only in cryptocurrencies. LongFin joins a growing list of little-known companies that have seen their values soar after simply announcing plans to join the digital currency craze that's pushed the value of bitcoin past $300 billion. The microcap rallies are reminiscent of the height of the dot.com bubble, when virtually any company that put tech in its name found favor on the public markets.

The European Union was aiming for a "deterrent effect" on Google and other technology giants when it ordered the Android-maker to pay 2.4 billion euros ($2.8 billion) for breaching antitrust law over how it displays shopping ads. From a report: Regulators weighed "the need to ensure that the fine has a sufficiently deterrent effect not only on Google and Alphabet but also on undertakings of a similar size and with similar resources," the European Commission said in a 215-page document laying out details of its seven-year investigation into the company. The "particularly large" revenue of Google's parent, Alphabet, also determined the size of the fine, the EU said. The penalty, levied in June, was more than double an earlier 1 billion-euro fine on Intel and came with a threat of more daily fines for Google if it didn't comply with an order to offer equal treatment to rival shopping-comparison services. Big numbers for big technology names have been a theme for EU Competition Commissioner Margrethe Vestager, who ordered Apple Inc. to pay back some 13 billion euros in taxes last year.

An anonymous reader quotes Bloomberg: Google moved to strip from its news search results publications that mask their country of origin or intentionally mislead readers, a further step to curb the spread of fake news that has plagued internet companies this year. To appear in Google News results, websites must meet broad criteria set out by the company, including accurately representing their owners or primary purposes. In an update to its guidelines released Friday, the search giant added language stipulating that publications not "engage in coordinated activity to mislead users."

Additionally the new rules read: "This includes, but isn't limited to, sites that misrepresent or conceal their country of origin or are directed at users in another country under false premises." A popular tactic for misinformation campaigns is to pose as a credible U.S. news outlet. Russian Internet Research Agency, a Kremlin-backed organization, used that technique to reach an audience of nearly 500,000 people, spread primarily through Twitter accounts, Bloomberg reported earlier.

In an effort to use digital money to reinvent finance, cryptocurrency exchange Coinbase is trying to legitimize itself by convincing big money managers to trust it enough to trade on its exchange. They need to "reassure regulators that bitcoin isn't a silk road for hackers, money launderers and tax evaders," reports Bloomberg. From the report: Despite the table tennis, Coinbase shows glimmers of maturity. More than 10 million customers have used the company since it began, though it recently quit updating the tally on its website. About $57 billion of digital currency has traded on the exchange so far this year. It doubled its staff in that time and expects to do so again in 2018. Ultimately, Coinbase plans to go public. The firm said it's prevailed against security threats, helping it avoid the fate of Mt. Gox, the world's biggest bitcoin exchange before shutting its doors in 2014 after $480 million of customer funds went bye-bye. Coinbase stores 98 percent of users' digital currencies in offline safe-deposit boxes. The remaining 2 percent, which is vulnerable because it's online, is covered by insurance. The company holds more than $10 billion in digital assets. Developing ties with banks is one of the biggest challenges. Coinbase doesn't publicly disclose its banking relationships, but a person familiar with the matter said the company is partnering with Cross River Bank, Metropolitan Bank and Silvergate Bank in the U.S.

From a report: Huawei and Xiaomi are in talks with U.S. wireless operators about selling flagship smartphones to American consumers as soon as next year, according to people familiar with the matter. The handset makers are negotiating with carriers including AT&T and Verizon, said the people, asking not to be identified because the matter is private. Talks are still fluid and it's possible no agreements will materialize, they said.

Kaye Wiggins, reporting for Bloomberg: The multi-millionaire founder of Twynam Agricultural Group lost $1 million in an email fraud, a London court heard Thursday. The British man who facilitated the theft says he's a victim too. John Kahlbetzer, who is on the Forbes list of the 50 richest Australians, lost the money when fraudsters tricked the administrator of his personal finances into transferring it to them, his court papers say. Fraudsters emailed Christine Campbell, pretending to be the 87-year-old and asking her to pay $1 million to an account held by a British man, David Aldridge, which she did. Kahlbetzer is suing Aldridge to recover the funds, but Aldridge says he was being "unwittingly used" and was himself the victim of a fraud involving a woman he met online and believed he was in a loving relationship with. Email frauds where companies' staff are tricked into transferring money are a growing problem. U.S. Federal Bureau of Investigation statistics show "business email compromise" cases, where criminals ask company officials to transfer funds, have cost more than $3 billion since 2015.

An anonymous reader shares a report: Samsung is aiming to introduce a smart speaker in the first half of 2018, entering a crowded field of voice-controlled devices from Amazon, Apple and Alphabet, people briefed on the plans said. The device by the South Korean technology giant will have a strong focus on audio quality and the management of connected home appliances such as lights and locks, said the people, who asked not to be identified talking about private plans. The gadget will run Bixby, Samsung's digital assistant that rivals Alexa, Siri, and Google Assistant. It will also synchronize with TVs, Galaxy smartphones and other Samsung devices, the people also said. The upcoming speaker, the report claims, will be priced at about $200.

An anonymous reader quotes a report from Bloomberg: Apple agreed to acquire music-identification service Shazam, taking ownership of one of the first apps to demonstrate the power of the iPhone, recognizing songs after hearing just a few bars of a tune. Terms of the deal weren't disclosed, but a person familiar with the situation said Apple is paying about $400 million for the U.K.-based startup. That would be one of Apple's largest acquisitions ever, approaching the size of its 1996 purchase of Next Computer Inc. which brought co-founder Steve Jobs back to the company. That transaction would be worth more than $600 million in today's dollars. The Shazam app uses the microphone on a smartphone or computer to identify almost any song playing nearby, then points users to places they can listen to it in future, such as Apple Music or Google's YouTube.

"Apple Music and Shazam are a natural fit, sharing a passion for music discovery and delivering great music experiences to our users," Apple said in an emailed statement on Monday. "We have exciting plans in store, and we look forward to combining with Shazam upon approval of today's agreement. Since the launch of the App Store, Shazam has consistently ranked as one of the most popular apps for iOS," Apple also said. "Today, it's used by hundreds of millions of people around the world, across multiple platforms." The acquisition would help Apple embed that capability more deeply into its music offerings. The company's digital assistant Siri gained Shazam integration in 2014, so users could ask it what song is playing in the background.

An anonymous reader shares a Bloomberg report: For months Lovkesh Joshi was quietly terrified of losing his job as a manager at a top Indian tech services company. Joshi didn't want to burden his wife or friends so he turned to a chatbot therapist called Wysa. Powered by AI, the app promises to be "loyal, supportive and very private," and encourages users to divulge their feelings about a recent major event or big change in their lives. "I could open up and talk," says the 41-year-old father of two school-age children, who says his conversations with the bot flowed naturally. "I felt heard and understood." Joshi moved to a large rival outsourcer two months ago. The upheaval in India's $154 billion tech outsourcing industry has prompted thousands of Indians to seek solace in online therapy services. People accustomed to holding down prestigious jobs and pulling in handsome salaries are losing out to automation, a shift away from long-term legacy contracts and curbs on U.S. work visas. McKinsey & Co says almost half of the four million people working in India's IT services industry will become "irrelevant" in the next three to four years. Indians, like people the world over, tend to hide their mental anguish for fear of being stigmatized. That's why many are embracing the convenience, anonymity and affordability of online counseling startups, most of which use human therapists.

"FCC general counsel Tom Johnson has told the New York State attorney general that the FCC is not providing information for his investigation into fake net-neutrality comments, saying those comments did not affect the review, and challenging the state's ability to investigate the feds." Variety has more: The FCC's general counsel, in a letter to New York Attorney General Eric Schneiderman, also dismissed his concerns that the volume of fake comments or those made with stolen identities have "corrupted" the rule-making process... He added that Schneiderman's request for logs of IP addresses would be "unduly burdensome" to the commission, and would "raise significant personal privacy concerns."

Amy Spitalnick, Schneiderman's press secretary, said in a statement that the FCC "made clear that it will continue to obstruct a law enforcement investigation. It's easy for the FCC to claim that there's no problem with the process, when they're hiding the very information that would allow us to determine if there was a problem. To be clear, impersonation is a violation of New York law," she said... "The only privacy jeopardized by the FCC's continued obstruction of this investigation is that of the perpetrators who impersonated real Americans."
One of the FCC's Democratic commissioners claimed that this response "shows the FCC's sheer contempt for public input and unreasonable failure to support integrity in its process... Moreover, the FCC refuses to look into how nearly half a million comments came from Russian sources."

An anonymous reader shares a report: YouTube plans to introduce a paid music service in March, according to people familiar with the matter, a third attempt by parent company Alphabet Inc. to catch up with rivals Spotify and Apple. The new service could help appease record-industry executives who have pushed for more revenue from YouTube. Warner Music Group, one of the world's three major record labels, has already signed on, said the people, who asked not to be identified discussing private talks. YouTube is also in talks with the two others, Sony Music Entertainment and Universal Music Group, and Merlin, a consortium of independent labels, the people said.

On Nov. 12, someone moved almost 25,000 bitcoins, worth about $159 million at the time, to an online exchange. The news soon rippled through online forums, with bitcoin traders arguing about whether it meant the owner was about to sell the digital currency. From a report on Bloomberg: Holders of large amounts of bitcoin are often known as whales. And they're becoming a worry for investors. They can send prices plummeting by selling even a portion of their holdings. And those sales are more probable now that the cryptocurrency is up nearly twelvefold from the beginning of the year. About 40 percent of bitcoin is held by perhaps 1,000 users; at current prices, each may want to sell about half of his or her holdings, says Aaron Brown, former managing director and head of financial markets research at AQR Capital Management. What's more, the whales can coordinate their moves or preview them to a select few. Many of the large owners have known one another for years and stuck by bitcoin through the early days when it was derided, and they can potentially band together to tank or prop up the market.

In response to the drop in demand for fossil fuel energy, General Electric -- the world's largest maker of gas turbines -- announced plans to cut 12,000 jobs. Quartz reports: Those cuts will mostly come from GE's power division, which makes energy-generation technologies. The reduction will account for 18% of the division's workforce and affect both professional and production employees, the company said in a statement. The majority of job losses will occur outside the U.S., Bloomberg reports. In a statement, Russell Stokes, the division's president and CEO, said disruptions to the power market were "driving significantly lower volumes in products and services." Demand for GE's power-generation equipment has stalled in part because of renewable energy growth, says Robert McCarthy, an analyst at Stifel Financial.

The move is part of a larger restructuring effort under GE's new chief executive John Flannery, who has faced immense pressure to regain the company's footing since taking the helm in June of this year. GE's stock price plunged 44% this year, the worst performer on the Dow, according to Bloomberg. The company aims to cut $3.5 billion of expenses across its divisions by the end of 2018, including a $1 billion cut from the power division.

An anonymous reader shares a report: A Russian software-maker, whose products are banned for use in federal information systems by the U.S. government, is seeking to remain in the North American market and prove its products have no hidden capabilities. Kaspersky Lab Inc. will close its Washington D.C. office that was selling to the government and will keep working with non-federal customers in the U.S. via its remaining offices in the country, vice-president Anton Shingarev said in an interview in Moscow. The company also committed in October to open its product's source code to an independent third-party review and plans to open new offices in Chicago, Los Angeles and Toronto next year. "This allows independent experts to verify that our software has no hidden functionality, that it doesn't send your files to third parties, doesn't spy on you and fully complies with the end-user agreement," Shingarev said. The U.S. banned government use of Kaspersky software in September, citing founder Eugene Kaspersky's alleged ties to Russian intelligence and the possibility its products could function as "malicious actors" to compromise federal information systems. The move caused concern about the company's products in other markets, including the U.K.

An anonymous reader shares a Bloomberg report: Apple's Tim Cook and Google's Sundar Pichai made their first appearances at China's World Internet Conference, bringing star power to a gathering the Chinese government uses to promote its strategy of tight controls online. Apple's chief executive officer gave a surprise keynote at the opening ceremony on Sunday, calling for future internet and AI technologies to be infused with privacy, security and humanity. The same day, one of China's most-senior officials called for more aggressive government involvement online to combat terrorism and criminals. Wang Huning, one of seven men on China's top decision-making body, even called for a global response team to go well beyond its borders. It was Cook's second appearance in China in two months, following a meeting with President Xi Jinping in October. The iPhone maker has most of its products manufactured in the country and is trying to regain market share in smartphones against local competitors such as Huawei. "The theme of this conference -- developing a digital economy for openness and shared benefits -- is a vision we at Apple share," Cook said. "We are proud to have worked alongside many of our partners in China to help build a community that will join a common future in cyberspace."

Facebook faced a skeptical judge over its second request to get out of a lawsuit alleging its photo scanning technology flouts users' privacy rights. From a report: "The right to say no is a valuable commodity," U.S. District Judge James Donato said Thursday during a hearing in San Francisco. The case concerns the "most personal aspects of your life: your face, your fingers, who you are to the world." The owner of the world's largest social network faces claims that it violated the privacy of millions of users by gathering and storing biometric data without their consent. Alphabet's Google is fighting similar claims in federal court in Chicago.

An anonymous reader writes: Not only does Elon Musk deny being the mysterious creator of bitcoin Satoshi Nakamoto, but he's also forgotten where he keeps his cryptocurrency. Musk's assertions came in response to a blog post coursing through digital-currency sites that suggested the PayPal co-founder and Tesla chief executive officer himself is probably the bitcoin originator who used the alias Nakamoto. "Not true," Musk said Tuesday in a tweet. "A friend sent me part of a BTC a few years, but I don't know where it is."

The White House is considering banning its employees from using personal mobile phones while at work. While President Trump has been vocal about press leaks since taking office, one official said the potential change is driven by cybersecurity concerns. Bloomberg reports: One official said that there are too many devices connected to the campus wireless network and that personal phones aren't as secure as those issued by the federal government. White House Chief of Staff John Kelly -- whose personal phone was found to be compromised by hackers earlier this year -- is leading the push for a ban, another official said. The White House already takes precautions with personal wireless devices, including by requiring officials to leave phones in cubbies outside of meeting rooms where sensitive or classified information is discussed. Top officials haven't yet decided whether or when to impose the ban, and if it would apply to all staff in the executive office of the president. While some lower-level officials support a ban, others worry it could result in a series of disruptive unintended consequences.

"Tesla's newest promises break the laws of batteries," writes Bloomberg. Long-time Slashdot reader rudy_wayne summarizes their report. "Elon Musk knows how to make promises. Even by his own standards, the promises made last week while introducing two new Tesla vehicles...are monuments of envelope pushing. To deliver, according to close observers of battery technology, Tesla would have to far exceed what is currently thought possible." The Tesla Semi, which Musk claims can haul 80,000 pounds at highway speeds for 500 miles, then recharge 400 miles of range in 30 minutes, would require "a charging system that's 10 times more powerful than one of the fastest battery-charging networks on the road today -- Tesla's own Superchargers."

The Tesla Roadster is promised to be the quickest production car ever built. But that achievement would mean squeezing into its tiny frame a battery twice as powerful as the largest battery currently available in any electric car. These claims are so far beyond current industry standards for electric vehicles that they would require either advances in battery technology or a new understanding of how batteries are put to use, said Sam Jaffe, battery analyst for Cairn Energy Research in Boulder, Colorado.
But Jaffe reaches an interesting conclusion. "I don't think they're lying. I just think they left something out of the public reveal that would have explained how these numbers work."

Amid optimism for Amazon's Black Friday sales, Jeff Bezos' net worth jumped above $100 billion on Friday. The Amazon CEO's fortune reportedly surged $2.4 billion to $100.3 billion, after the retailer's shares grew more than 2 percent on Black Friday. Bloomberg reports: Online purchases for the day are up 18.4 percent over last year, according to data from Adobe Analytics, and investors are betting the company will take an outsized share of online spending over the gifting season. The $100 billion milestone makes Bezos, 53, the first billionaire to build a 12-figure net worth since 1999, when Microsoft co-founder Bill Gates hit the mark. Bezos's fortune rose $32.6 billion this year through Thursday, the largest increase of anyone on the Bloomberg Billionaires Index, a daily ranking of the world's 500 richest people. Amazon have climbed 5 percent this week alone.

Amid optimism for Amazon's Black Friday sales, Jeff Bezos' net worth jumped above $100 billion on Friday. The Amazon CEO's fortune reportedly surged $2.4 billion to $100.3 billion, after the retailer's shares grew more than 2 percent on Black Friday. Bloomberg reports: Online purchases for the day are up 18.4 percent over last year, according to data from Adobe Analytics, and investors are betting the company will take an outsized share of online spending over the gifting season. The $100 billion milestone makes Bezos, 53, the first billionaire to build a 12-figure net worth since 1999, when Microsoft co-founder Bill Gates hit the mark. Bezos's fortune rose $32.6 billion this year through Thursday, the largest increase of anyone on the Bloomberg Billionaires Index, a daily ranking of the world's 500 richest people. Amazon have climbed 5 percent this week alone.

An anonymous reader shares a report: Hurricane victims emerging from ravaged trailer parks are discovering that the U.S. mobile-home market has left them behind. In Florida and Texas, dealerships are swarmed by buyers looking to rebuild their lives after hurricanes Harvey and Irma, but many leave disappointed. The industry, led by Warren Buffett's Clayton Homes, is peddling such pricey interior-designer touches as breakfast bars and his-and-her bathroom sinks. These extras, plus manufacturers' increased costs for labor and materials, have pushed average prices for new double-wides up more than 20 percent in five years, putting them out of reach for many of the newly homeless.

An anonymous reader quotes a report from Bloomberg: Facebook will show people which Russian propaganda pages or accounts they've followed and liked on the social network, responding to a request from Congress to address manipulation and meddling during the 2016 presidential election. The tool will appear by the end of the year in Facebook's online support center, the company said in a blog post Wednesday. It will answer the user question, "How can I see if I've liked or followed a Facebook page or Instagram account created by the Internet Research Agency?" That's the Russian firm that created thousands of incendiary posts from fake accounts posing as U.S. citizens. People will see a list of the accounts they followed, if any, from January 2015 through August 2017. Facebook will only be showing people the names of the pages and accounts, not the content. A user will only see what they liked or followed, so if they simply saw IRA content in their news feeds, they won't be notified.

According to Bloomberg, hackers stole the personal data of 57 million customers and drivers from Uber. The massive breach was reportedly concealed by the company for more than a year. From the report: Compromised data from the October 2016 attack included names, email addresses and phone numbers of 50 million Uber riders around the world, the company told Bloomberg on Tuesday. The personal information of about 7 million drivers were accessed as well, including some 600,000 U.S. driver's license numbers. No Social Security numbers, credit card details, trip location info or other data were taken, Uber said. At the time of the incident, Uber was negotiating with U.S. regulators investigating separate claims of privacy violations. Uber now says it had a legal obligation to report the hack to regulators and to drivers whose license numbers were taken. Instead, the company paid hackers $100,000 to delete the data and keep the breach quiet. Uber said it believes the information was never used but declined to disclose the identities of the attackers.

Here's how the hack went down: Two attackers accessed a private GitHub coding site used by Uber software engineers and then used login credentials they obtained there to access data stored on an Amazon Web Services account that handled computing tasks for the company. From there, the hackers discovered an archive of rider and driver information. Later, they emailed Uber asking for money, according to the company.

Apple unveiled the HomePod, its first smart speaker to take on market-leading Amazon's Echo lineup of speakers, in June this year. Despite being three years late to the party, the HomePod has largely been pitched more as a speaker that sounds great instead of a device that sounds great but more importantly can also help you with daily chores. On top of this, Apple said last week it was delaying the shipment of HomePod from December this year to "early 2018." So why does a company, the market valuation of which is quickly reaching a trillion dollar, so behind its competitors? Bloomberg reports on Tuesday: Apple audio engineers had been working on an early version of the HomePod speaker for about two years in 2014 when they were blindsided by the Echo, a smart speaker from Amazon with a voice-activated assistant named Alexa. The Apple engineers jokingly accused one another of leaking details of their project to Amazon, then bought Echos so they could take them apart and see how they were put together. They quickly deemed the Echo's sound quality inferior and got back to work building a better speaker. More than two years passed. In that time Amazon's Echo became a hit with consumers impressed by Alexa's ability to answer questions, order pizzas and turn lights on and off. Meanwhile, Apple dithered over its own speaker, according to people familiar with the situation. The project was cancelled and revived several times, they said, and the device went through multiple permutations (at one point it stood 3 feet tall) as executives struggled to figure out how it would fit into the home and Apple's ecosystem of products and services. In the end, the company plowed ahead, figuring that creating a speaker would give customers another reason to stay loyal. Yet despite having all the ingredients for a serious competitor to the Echo -- including Siri and the App Store -- Apple never saw the HomePod as anything more than an accessory, like the AirPods earphones.

Apple's main supplier in Asia has been employing high-school students working illegal overtime to assemble the iPhone X in an effort to catch up with demand after facing production delays, the Financial Times reported on Tuesday, citing several teenagers involved. From a report: A group of 3,000 students from the Zhengzhou Urban Rail Transit School were sent to work at the local facility run by Taiwan-based Hon Hai Precision Industry, known as Foxconn, as part of a three-month stint that was billed as "work experience," and required to graduate, the Financial Times reported. Six of the students told the FT they routinely worked 11-hour days assembling Apple's flagship smartphone, which constitutes illegal overtime for student interns under Chinese law. Apple said an audit did find instances of student interns working overtime, adding that they were employed voluntarily, were compensated and provided benefits, but that they shouldn't have been allowed to work overtime.

Uber agreed to buy 24,000 sport utility vehicles from Volvo to form a fleet of driverless autos. According to Bloomberg, "The XC90s, priced from $46,900 at U.S. dealers, will be delivered from 2019 to 2021 in the first commercial purchase by a ride-hailing provider." Uber will add its own sensors and software to permit pilot-less driving. From the report: Uber's order steps up efforts to replace human drivers, the biggest cost in its on-demand taxi service. The autonomous fleet is small compared with the more than 2 million people who drive for Uber but reflects dedication to the company's strategy of developing self-driving cars. "This new agreement puts us on a path toward mass-produced, self-driving vehicles at scale," Jeff Miller, Uber's head of auto alliances, told Bloomberg News. "The more people working on the problem, we'll get there faster and with better, safer, more reliable systems."

Bitcoin's value has increased more than 26% in less than three weeks, writes Bloomberg. An anonymous reader quotes their report: Bitcoin topped $8,000 for the first time, as investors set aside technology concerns that had derailed its advance earlier this month. Bitcoin rose 4.8 percent to $8,071.05 as of 7:17 a.m. Sydney time on Monday. It's now up more than 700 percent this year after shrugging off a tumble of as much as 29 percent earlier this month. It's been a tumultuous year for the largest cryptocurrency, with three separate slumps of more than 25 percent in value all giving way to subsequent rallies.

An anonymous reader quotes a report from Bloomberg: In-N-Out Burgers has some new competition for attracting drivers on two heavily traveled stretches of California freeways that help link Los Angeles to Las Vegas and San Francisco: Tesla's biggest Supercharger stations yet. The charging stations in Kettleman City, off Interstate 5, and Baker, near Interstate 15, each have 40 stalls, making them the largest among more than 1,000 in North America, according to an emailed statement Wednesday. If filling up your Tesla takes half an hour, you might as well get comfortable. The Kettleman City station north of Bakersfield has a play wall for kids, a pet relief area and outdoor space for families. It's open round-the-clock, there's wi-fi and there will be food as well. But if you want to stretch your legs, the nearest In-N-Out is just across the street. And there are inevitable Tesla touches at both: solar-covered parking and Tesla Powerpacks.

An anonymous reader shares a report from Bloomberg, explaining how Silicon Valley makes billions of dollars peddling personal information, supported by an ecosystem of bit players. Editor Drake Bennett highlights the battle between an upstart called HiQ and LinkedIn, who are fighting for your lucrative professional identity. Here's an excerpt from the report: A small number of the world's most valuable companies collect, control, parse, and sell billions of dollars' worth of personal information voluntarily surrendered by their users. Google, Facebook, Amazon, and Microsoft -- which bought LinkedIn for $26.2 billion in 2016 -- have in turn spawned dependent economies consisting of advertising and marketing companies, designers, consultants, and app developers. Some operate on the tech giants' platforms; some customize special digital tools; some help people attract more friends and likes and followers. Some, including HiQ, feed off the torrents of information that social networks produce, using software bots to scrape data from profiles. The services of the smaller companies can augment the offerings of the bigger ones, but the power dynamic is deeply asymmetrical, reminiscent of pilot fish picking food from between the teeth of sharks. The terms of that relationship are set by technology, economics, and the vagaries of consumer choice, but also by the law. LinkedIn's May 23 letter to HiQ wasn't the first time the company had taken legal action to prevent the perceived hijacking of its data, and Facebook and Craigslist, among others, have brought similar actions. But even more than its predecessors, this case, because of who's involved and how it's unfolded, has spoken to the thorniest issues surrounding speech and competition on the internet.

An anonymous reader quotes a report from Bloomberg: The U.S. Federal Communications Commission under its Republican chairman plans to vote in December to kill the net neutrality rules passed during the Obama era, said two people briefed on the plans. Chairman Ajit Pai in April proposed gutting the rules that he blamed for depressing investment in broadband, and said he intended to "finish the job" this year. The chairman has decided to put his proposal to a vote at the FCC next month, said the people. The agency's monthly meeting is to be held Dec. 14. The people asked not to be identified because the plan hasn't been made public. It's not clear what language Pai will offer to replace the rules that passed with only Democratic votes at the FCC in 2015. He has proposed that the FCC end the designation of broadband companies such as AT&T Inc. and Comcast Corp. as common carriers. That would remove the legal authority that underpins the net neutrality rules. One of the people said Pai may call for vacating the rules except for portions that mandate internet service providers inform customers about their practices. The current regulations forbid broadband providers from blocking or slowing web traffic, or from charging higher fees in return for quicker passage over their networks.

mi writes: California State Appeals Court ruled this week that Yelp can't shield the identify of an anonymous reviewer who posted allegedly defamatory statements about a tax preparer. "The three-judge appeals panel in Santa Ana agreed with Yelp that it could protect the First Amendment rights of its anonymous reviewer but it still had to turn over the information," reports Bloomberg. "The panel reasoned that the accountant had made a showing that the review was defamatory in that it went beyond expressing an opinion and allegedly included false statements."

An African-American employee has filed a lawsuit against Tesla, claiming their production floor is a "hotbed for racist behavior" and that black workers at the electric carmaker suffer severe and pervasive harassment. "The employee says he's one of more than 100 African-American Tesla workers affected and is seeking permission from a judge to sue on behalf of the group," reports Bloomberg. "He's seeking unspecified general and punitive monetary damages as well as an order for Tesla to implement policies to prevent and correct harassment." From the report: "Although Tesla stands out as a groundbreaking company at the forefront of the electric car revolution, its standard operating procedure at the Tesla factory is pre-Civil Rights era race discrimination," the employee said in the complaint, filed Monday in California's Alameda County Superior Court. The lawsuit was filed on behalf of Marcus Vaughn, who worked in the Fremont factory from April 23 to Oct. 31. Vaughn alleged that employees and supervisors regularly used the "N word" around him and other black colleagues. Vaughn said he complained in writing to human resources and Musk and was terminated in late October for "not having a positive attitude."

Several readers share a report: Germany is widely seen as a world leader in the fight against climate change. Thanks to its investments in renewable power, wind and solar energy provide a third of its electricity, more than double the U.S. share. Germany's goal to lower carbon-dioxide emissions 40 percent by 2020 is significantly more ambitious than that of Europe as a whole or the U.S. After the U.S. withdrawal from the Paris climate accord, Chancellor Angela Merkel vowed even greater determination. "We can't wait for the last man on Earth to be convinced by the scientific evidence for climate change," she explained. But there's another, troubling side to the German story: The country still gets 40 percent of its energy from coal, a bigger share than most other European countries. And much of it is lignite, the dirtiest kind of coal. As a result, Germany is set to fall well short of its 2020 goal. This dependence on coal is partly a side effect of Germany's abandonment of emissions-free nuclear power and partly foot-dragging on the part of a government wary of alienating voters in German coal country. During the summer election campaign, Merkel largely avoided the subject.

Targeted ads that seem to follow us everywhere online may soon be doing the same on our TV. From a report: The Federal Communications Commission is poised to approve a new broadcast standard that will let broadcasters do something cable TV companies already do: harvest data about what you watch so advertisers can customize pitches. The prospect alarms privacy advocates, who say there are no rules setting boundaries for how broadcasters handle personal information. The FCC doesn't mention privacy in the 109-page proposed rule that is scheduled for a vote by commissioners Thursday. "If the new standard allows broadcasters to collect data in a way they haven't before, I think consumers should know about that," Jonathan Schwantes, senior policy counsel for Consumers Union, said in an interview. "What privacy protections will apply to that data, and what security protections?" For broadcasters, Next Gen TV represents an advance into the digital world that for decades has been siphoning viewers away to the likes of Facebook, Netflix, Google's YouTube and Amazon's Prime video service.

Solar manufacturers are being battered by higher costs and smaller margins, after an unexpected shortage of a critical raw material. From a report, shared by an anonymous reader: Prices of polysilicon, the main component of photovoltaic cells, spiked as much as 35 percent in the past four months after environmental regulators in China shut down several factories. That's driving up production costs as panel prices continue to decline, and dragging down earnings for manufacturers in China, the world's biggest supplier. "There's just not enough polysilicon in China," said Carter Driscoll, an analyst who covers solar companies for FBR & Co. "If prices don't come down, it will crush margins."

"Equifax executives will forgo their 2017 bonuses," reports CNBC. But according to the New York Post, the company "hasn't lost any significant business customers... Equifax largely does business with banks and other financial institutions -- not with the people they collect information on."

Even though it's facing more than 240 class-action lawsuits, Equifax's revenue actually increased 3.8% from July to September, to a whopping $834.8 million, while their net income for that period was $96.3 million -- which is still more than the $87.5 million that the breach cost them, according to a new article shared by chicksdaddy: The disclosure, made as part of the company's quarterly filing with the US Securities and Exchange Commission, is the first public disclosure of the direct costs of the incident, which saw the company's stock price plunge by more than 30% and wiped out billions of dollars in value to shareholders. Around $55.5m of the $87.5m in breach-related costs stems from product costs â" mostly credit monitoring services that it is offering to affected individuals. Professional fees added up to another $17.1m for Equifax and consumer support costs totaled $14.9m, the company said. Equifax also said it has spent $27.3 million of pretax expenses stemming from the cost of investigating and remediating the hack to Equifax's internal network as well as legal and other professional expenses.

But the costs are likely to continue. Equifax is estimating costs of $56 million to $110 million in "contingent liability" in the form of free credit monitoring and identity theft protection to all U.S. consumers as a good will gesture. The costs provided by Equifax are an estimate of the expenses necessary to provide this service to those who have signed up or will sign up by the January 31, 2018 deadline. So far, however, the company has only incurred $4.7 million through the end of September. So, while the upper bound of those contingent liability costs is high, there's good reason to believe that they will never be reached.
The Post reports that some business customers "have delayed new contracts until Equifax proves that they've done enough to shore up their cybersecurity."

But in their regulatory filing Thursday, Equifax admitted that "We cannot assure that all potential causes of the incident have been identified and remediated and will not occur again."