Every move you make. Another day, another Facebook scandal. The beleaguered social network was paying people (including teenagers) up to $20 a month to install an app that deeply tracked all of their mobile activity, perhaps violating Apple’s app store rules, TechCrunch reports. Facebook said it would shut down the iOS version of the program after the article appeared. And if you’re not a fan of Facebook and looking for confirmation, it sounds like venture capitalist Roger McNamee’s new book, Zucked, will provide more fodder.
Every move you make, II. Check out the amazing graphic that the Washington Post created to illustrate all of Elon Musk’s private jet travels last year. It depicts 150,000 in total miles covered by the controversial Tesla and SpaceX CEO.
Every breath you take. How scammy is the world of digital currencies? Pretty scammy, according to the latest report from security firm CipherTrace. Cryptocurrency holders lost $1.7 billion to thieves and hackers in 2018, the firm says.
I’ll be watching you. You may have heard there was some news about some phonemaker last night. Apple offered sweet relief for its shareholders, confirming the 5% sales drop it had warned of a few weeks ago, but disclosing that its fast-growing services segment grew 19% and had a 63% profit margin. CEO Tim Cook also offered a series of short-term moves to bolster Apple’s sales. The stock jumped 5% in premarket trading on Wednesday.
Every smile you fake. Aside from Apple, telecom giant Verizon just missed analyst expectations for sales even as it added twice as many wireless subscribers as expected. Revenue increased 1% to $34.3 billion, below the $34.4 billion Wall Street forecast, and the number of postpaid phone customers grew 653,000. But weak guidance for this year spooked investors, and Verizon shares lost 7%. Chipmaker AMD saw sales jump 6% to $1.4 billion, also just below analyst expectations. But a forecast of modest growth for 2019 was a relief to investors who feared the worst after Nvidia’s earlier report. Shares of AMD gained 10% in premarket trading on Wednesday. Shares of GameStop plummeted 27% after the company said it couldn’t find anyone who would buy the struggling retail chain.
Every vow you break. A federal court rejected rejected Yahoo’s proposed $50 million settlement for users hit by the massive hacking breach disclosed in 2016. “Yahoo’s history of nondisclosure and lack of transparency related to the data breaches are egregious,” District Judge Lucy Koh wrote. “Unfortunately, the settlement agreement, proposed notice, motion for preliminary approval, and public and sealed supplemental filings continue this pattern of lack of transparency.”
Every claim you stake. Data technology startup Collibra reached unicorn status after raising $100 million in venture capital backing at a valuation of over $1 billion, Fortune reports. CapitalG, an investment arm of Google parent Alphabet, led the round for the company, which specializes in data governance technology that lets companies manage their data so they adhere to regulatory standards. Longtime unicorn Stripe raised $100 million, too, but the deal brought its valuation to $22 billion.