The damaging fall-out from emails leaked after the Sony Pictures cyber attack has spread to the technology industry, with details of Snapchat‘s business plan exposed in messages reported to be found in the inbox of Michael Lynton, Sony Entertainment CEO and Snapchat board member.
Evan Spiegel, Snapchat‘s chief executive, has reacted angrily to having what he described as his “business plans” and “secrets” spilled in an industry that places a high value on stealth. Read more
Jan Koum, WhatsApp’s chief executive officer and Facebook’s newest board member, apologised today for harassing an ex-girlfriend in a series of incidents that led to a restraining order being taken out against him.
Mr Koum‘s ex-girlfriend said he verbally and physically threatened her, harassed her at work and followed her through the campus of her community college. In court documents, filed in 1996 but discovered by Bloomberg, she also complained of “sexual harassment”. Read more
Amazon founder Jeff Bezos is among the new investors in Lookout, a San Francisco-based mobile security company that just pulled in the largest fundraising by a cyber security company so far this year.
As Amazon promised to be “relentless” in its pursuit of selling everything, Bezos appears to being equally eager to make personal investments in almost every industry. Here are some – but not all – of the investments he has made through his vehicle Bezos Expeditions.
Media: Bezos’ most high profile recent investment was his purchase of the Washington Post, the DC-based newspaper renowned for its role in breaking the news of the Watergate scandal. But he has fingers in other media pies too: in 2013, he took a stake in Business Insider, the loud mouthed financial news site fond of slideshows, and back in 2008 he invested in Twitter, the social media site beloved by journalists. He also has investments in Vessel, a video platform, and Next Door, a social network for neighbours. Read more
Apple beat earnings expectations but disappointed investors with its revenue forecast for next quarter, scuppering hopes that the share price could rapidly return to its all-time high of $100. Shares have dipped 1 per cent in after hours trading in New York on the back of this lower-than-expected guidance. However, muted sales of the iPhone and iPad in Apple’s third quarter did not prevent it from beating analysts’ earnings forecasts. Earnings of $1.28 per share compared favourably with analysts’ consensus estimates of $1.23, with gross margins reaching 39.4 per cent, a sharp increase over the prior year.
Join the FT’s Tim Bradshaw and Hannah Kuchler as they live blog the earnings call of the world’s largest company by market capitalisation.
The news that Facebook manipulated its news feed to analyse the impact on users’ emotional expressions has angered many who believe they should have been told they were part of a psychology experiment.
The study of more than 689,000 Facebook users, conducted over a week in 2012, found those who were exposed to fewer positive stories in the feed were more likely to write negative posts and vice versa. People felt worried the billion plus social network was trying to manipulate their emotions, coming as it does after years of conflicts over privacy with the social network. Read more
The FT gathered experts on cloud security on Twitter on Tuesday to discuss how to protect confidential corporate data as companies move it into the cheaper, and often more convenient, cloud.
We started by asking to what extent companies are moving away from US-based cloud providers in the wake of the revelations of an mass surveillance programme by the NSA? The experts were divided: Read more
Twitter has acquired video start-up Snappy TV as part of its bid to dominate the second screen, taking money from advertisers who want to reach people watching TV while they are fiddling with their smartphones.
The messaging platform bought Snappy TV for an undisclosed sum, bringing the company’s video tools in house at Twitter for brands and media partners to use to clip and edit video just after it is recorded to distribute online.
Twitter promotes two main ways to use video. Firstly, encouraging marketers to buy adverts that echo their TV ads to ensure the message sticks as it tries to dominate digital advertising around live events such as the World Cup and the Oscars. Secondly, it is working with TV networks through its Amplify partnerships with TV networks to show live clips to persuade people to tune in. Read more