Enlarge (credit: Getty Images | Bloomberg) AT&T today announced it will spin off WarnerMedia—including HBO and Warner Bros.—into a new company, less than three years after AT&T bought Time Warner Inc. for $108 billion. AT&T said it struck a deal with Discovery, Inc. to combine WarnerMedia and Discovery’s assets into a “standalone global entertainment company.” […]
Enlarge (credit: Geographer / Wikimedia Commons) The city of Fullerton, California, has agreed to pay $350,000 to settle a lawsuit it brought against two bloggers it accused of hacking the city’s Dropbox account. Joshua Ferguson and David Curlee frequently made public record requests in the course of covering city government for a local blog, Friends […]
Enlarge (credit: peng song / Getty) After the California Gold Rush, in 1870, two Kentucky swindlers whipped up a scheme to prey on thirsty financiers’ FOMO. They invented a diamond field out West. Investors sunk millions in today’s money into the scheme. All of it, of course, was for naught—a cautionary tale about believing anyone […]
Enlarge (credit: Getty Images | Guirong Hao) Biden administration officials are not convinced by the broadband industry’s claims that Internet prices aren’t too high, according to a report today by Axios. The White House announced on March 31 that President Biden “is committed to working with Congress to find a solution to reduce Internet prices […]
Enlarge (credit: Bloomberg / Getty Images News) Binance, the world’s largest cryptocurrency exchange, is under investigation by a laundry list of US government agencies, including the US Justice Department, the Internal Revenue Service, and the Commodity Futures Trading Commission, according to a report by Bloomberg. The agencies are probing Binance for potential criminal violations, the […]
Enlarge / Interior of a Tesla Model 3. (credit: Tesla) The California Highway Patrol said it arrested a man seen riding in the back seat of a Tesla Model 3 that had no one in the driver’s seat. Param Sharma, 25, was arrested “and booked into Santa Rita Jail” on counts of reckless driving and […]
Enlarge / Elon Musk in 2020. (credit: BRENDAN SMIALOWSKI / Getty) Tesla CEO Elon Musk announced on Wednesday that Tesla would stop taking bitcoin as payment for the company’s electric vehicles. The change comes less than two months after the automaker began accepting the cryptocurrency. Why the about-face? Musk now says he has concerns over bitcoin’s […]
Enlarge (credit: Getty Images | Photographer is my life) Joe Biden signed an executive order on Wednesday in an attempt to bolster US cybersecurity defenses, after a number of devastating hacks including the Colonial pipeline attack revealed vulnerabilities across business and government. “Recent cybersecurity incidents… are a sobering reminder that US public and private sector […]
Enlarge (credit: Getty Images | Oscar Wong) The Federal Communications Commission today opened enrollment for $50-per-month broadband subsidies for US residents who have low incomes or who lost income during the pandemic. Over 825 Internet service providers across the US are participating in the program, with the full list of ISPs in each state and […]
Enlarge (credit: stockcam / Getty) Snapchat’s parent company, Snap, yesterday suspended two apps that allowed users to send anonymous messages to other users on the platform. The move came in response to a lawsuit filed Monday against Snap and the two messaging apps. The lawsuit seeks class-action status to represent all 92 million Snapchat users, […]