Netflix Marks Strong Q1 Subscriber Growth, Beating Forecasts

Netflix’s latest quarter showed subscriber growth exceeding its own forecast and Wall Street expectations. Wall Street analysts predicted Netflix would add 6.5 million new subscribers in Q1; in fact, it added 7.41 million subscribers in that quarter, of which 5.46 were international. In response to the news, shares rose 4.9 percent to $322.85 in after-hours trading. This follows a 1.2 percent decline during regular hours on Monday, representing shareholder concern over the imminent announcement of stalled growth. Continue reading Netflix Marks Strong Q1 Subscriber Growth, Beating Forecasts

Silicon Valley Pioneers Question Today’s Dysfunctional Internet

Testifying before Congress, Facebook chief executive Mark Zuckerberg listed all the ways his company has erred, from fake news to hate speech and data privacy — and then apologized for not taking “a broad enough view of our responsibility.” He isn’t the only Silicon Valley leader to take stock of the state of the Internet and worry about its future. Facebook’s first president, Sean Parker, has warned about what social media is “doing to our children’s brains,” calling it a “dangerous form of psychological manipulation.” Continue reading Silicon Valley Pioneers Question Today’s Dysfunctional Internet

FAA: Number of Commercial Drones Will Quadruple by 2022

In positive news for the drone industry, recently updated Federal Aviation Administration (FAA) numbers project significant growth in commercial drone use by 2022, at which point the current numbers are expected to quadruple. By that year, 450,000 unmanned drones will operate within domestic airspace. Today, there are roughly 110,000 in use. These increases are projected even if federal restrictions are loosened more slowly than expected or desired by advocates and others.

Continue reading FAA: Number of Commercial Drones Will Quadruple by 2022

Policymakers Debate the Internet Economy and Net Neutrality

Regardless of your opinion on the end of net neutrality, the topic is of huge importance not simply to consumers but to policymakers in Washington. A CES 2018 panel of such policymakers examined how to best protect the Internet economy. “It’s a tough time for the Internet economy,” said Center for Democracy & Technology president/chief executive Nuala O’Connor. “People are concerned about the intrusion of technology into their daily lives, and some of the conversation in DC is about what the role of technology is in democracy.” Continue reading Policymakers Debate the Internet Economy and Net Neutrality

GoPro to Exit Drone Market in 2018, Cut More Than 250 Jobs

While companies such as Yuneec, DJI, Ryze Tech, AirSelfie Group and others tout their latest drones and related products at CES this week, action-cam manufacturer GoPro announced that it plans to exit the drone market completely once it unloads its remaining $799 Karma drones. Citing “hostile regulatory environments” and an “untenable” aerial market, the company also plans to cut more than one-fifth of its workforce. GoPro faces mounting competition from new smartphones that feature improved video capabilities and advanced lenses. The company reduced the price of its Hero5 Black and Hero5 Session cameras in December, and this week announced it would lower its Hero6 model from $499 to $399. Continue reading GoPro to Exit Drone Market in 2018, Cut More Than 250 Jobs

New SEC Cyber Unit Takes on Cryptocurrency and ICO Fraud

At the Securities and Exchange Commission, chairman Jay Clayton made it clear that there is “very little distinction” between Bitcoin and traditional stocks, suggesting that the SEC believes Bitcoin is subject to securities laws and is willing to act against alleged fraud in an ICO, or initial coin offering. In fact, the SEC new cyber unit did just that for the first time, charging Canada-based cryptocurrency company PlexCorps with violating security laws by selling up to $15 million in an ICO. Clayton said future suits are possible. Continue reading New SEC Cyber Unit Takes on Cryptocurrency and ICO Fraud

Qualcomm Rejects Broadcom’s Offer, But Deal Is Still In Play

Qualcomm turned down Broadcom’s offer to acquire the company for $105 billion, with its board stating that the offer both significantly undervalues the company and could be beset by regulatory issues. Broadcom, which will seek other avenues to make the deal, says it is committed to the acquisition. Should Broadcom acquire Qualcomm, the merger of these two titans of chip manufacturing would create a single behemoth controlling chip production for everything from consumer devices to data centers. Continue reading Qualcomm Rejects Broadcom’s Offer, But Deal Is Still In Play

Facebook Debates Self-Regulation to Combat Misinformation

Facebook is facing many challenges, none more pressing than the posts and memes covertly created by Russian government-led organizations whose goal was to influence the 2016 U.S. election. Inside Facebook, say a dozen current and former employees, the debate rages over how to deal with the issue. One side, supporting free speech, believes that nothing should be censored; the other side is worried about the problems created by this laissez-faire approach. Meanwhile, the company is reportedly in full-on defense mode. Continue reading Facebook Debates Self-Regulation to Combat Misinformation

FAA Panel Fails to Reach Consensus on Drone Regulations

A federal advisory panel of 70+ industry, labor and law enforcement experts failed to come to agreement on a proposal on how to track and identify drones. More specifically, the panel could not find agreement regarding categories of drones that should require remote monitoring. The result is that it will now be more difficult for the Federal Aviation Administration to execute rules that would please all concerned groups, which include law enforcement agencies, hobbyists and drone advocates. Continue reading FAA Panel Fails to Reach Consensus on Drone Regulations

Equifax Breach Spurs Call for Federal Laws on Transparency

The Equifax breach exposed millions of U.S. adults’ personal information, prompted Federal Trade Commission and FBI investigations, and spurred lawsuits by many states’ attorneys general. With the threat of even worse breaches in the future, companies will be urged to adopt better cybersecurity practices. But the Equifax breach is likely to have another result that tech companies won’t like: the need for transparency. Although 48 states have already passed data-breach disclosure laws, now federal regulations are proposed. Continue reading Equifax Breach Spurs Call for Federal Laws on Transparency

UN Civil Aviation Group Brainstorms Global Drone Standards

The United Nations’ 191-member state International Civil Aviation Organization held its first-ever symposium to solicit industry ideas on global operating standards for drones. Held at the ICAO’s Montreal headquarters, the two-day event was not aimed at establishing specific rules but rather to spur discussion and ideas among those already involved in the drone industry. Amazon, NASA, Boeing and General Electric participated along with leading industry trade associations and Chinese and Brazilian researchers. Continue reading UN Civil Aviation Group Brainstorms Global Drone Standards

Most Americans Support Net Neutrality, Online Protest Slated

Amazon, Etsy, Kickstarter, Mozilla, Reddit and Y Combinator are planning a “day of action” to oppose the FCC’s plan to undo net neutrality. On July 12, the companies plan to change their websites in various ways to raise awareness of the current efforts to repeal net neutrality, which prohibits ISPs from blocking or slowing websites or charging fees to display content. A recent poll showed that a large percentage of Americans, across all political affiliations, support net neutrality and question the government’s ability to protect Internet access. Continue reading Most Americans Support Net Neutrality, Online Protest Slated

FCC: Pai Halts Privacy Rules, Foreshadowing Broader Repeal

After a 2-to-1 vote, the FCC put a halt to a portion of the privacy rules passed in October. New FCC chair Ajit Pai said those rules required high-speed Internet providers, such as AT&T and Comcast, to secure their customers’ data against hacking and other unauthorized uses. This stay of new government rules may be a foreshadowing of a broader repeal of privacy protections, believe some experts. In line with that, Pai also stated that the Federal Trade Commission, not the FCC, should “oversee broadband and Internet industries.” Continue reading FCC: Pai Halts Privacy Rules, Foreshadowing Broader Repeal

Amazon and Google Look to Turn Home Speakers into Phones

Both Amazon and Google are thinking about turning their respective home speakers — Echo and Google Home — into home telephones. Knowledgeable sources say the tech giants could introduce the feature this year, with the goal of gaining yet more control over consumers’ home lives. But the companies are also finding that it’s not so simple, facing issues related to privacy, telecom regulations and emergency services — as well as the potential that consumers will be wary that their conversations are being recorded. Continue reading Amazon and Google Look to Turn Home Speakers into Phones

New FCC Chairman Calls for Expansion of High-Speed Internet

FCC chair Ajit Pai recommends Congress include expanded broadband Internet service in upcoming infrastructure legislation. “The one consistent message I hear is that there is a thirst for better, faster, cheaper Internet access… I think members of Congress get that as well,” he said. Pai’s broadband deployment agenda “is aimed at encouraging telecommunications firms to make high-speed Internet service more widely available in hard-to-serve areas,” reports The Wall Street Journal. “President Donald Trump has indicated he wants an infrastructure initiative worth as much as $1 trillion to improve the nation’s roads, bridges and other physical assets, which would require legislation and, potentially, a way to pay for it.” Continue reading New FCC Chairman Calls for Expansion of High-Speed Internet

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