Tech

November 25, 2019 9:39PM PT Shares in e-commerce giant Alibaba surged by more than 5% in early Tuesday trading on the Hong Kong Stock Market. It was the first day that Alibaba stock could be traded in the Asian financial capital following a secondary listing and share sale that raised about $12 billion. After reaching
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Online commerce company eBay has landed a buyer for StubHub, announcing a pact to sell the unit to Viagogo for $4.05 billion in cash — bringing together the world’s two biggest ticket-resale providers. The deal comes after eBay in March 2019 announced that it was exploring a potential sale of StubHub at the urging of activist
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November 25, 2019 3:07AM PT In the second such pact announced within a week, global streaming giant, Netflix has unveiled a multi-year program supply deal with Korean producer JTBC Content Hub. JTBC and Netflix will co-develop and showcase JTBC’s prime-time TV drama globally as well as optimizing what will be presented to the world among
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November 25, 2019 3:00AM PT Digital reading subscription service Scribd has raised a $58 million round of funding led by Spectrum Equity. The new funding round brings the total amount of money raised by Scribd to $106 million. Scribd launched in 2007 as a hosting service for digital documents, and has since evolved into a
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Kay Madati, Twitter’s global VP, head of content partnerships, is departing the social network after two years in the job. Madati announced in a series of tweets Sunday that his last day at Twitter will be Dec. 13. “I have made the difficult and personal decision to move on from this extraordinary and wonderful company,”
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Lilly Singh lampooned Disney Plus’ disclaimer that certain older movies include “outdated cultural depictions” on her NBC show. The YouTube and late-night TV comedian took issue with Disney’s euphemistic phrasing — pointing out that the warning is really about the “racist” tropes in decades-old movies that were made for kids. Disney Plus includes “a bunch
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Calling social media “the greatest propaganda machine in history,” and the CEOs of Facebook, Twitter and YouTube “high-tech robber barons,” comedian Sacha Baron Cohen used a speech given to the Anti-Defamation League (ADL) this week to call for much more stringent regulation of internet companies. “By now, it’s pretty clear they cannot be trusted to
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YouTube wants to help creators who use profanity — or otherwise produce videos that are deemed “advertiser unfriendly” — to make more money: The video giant has launched of a test program to identify marketers who are “interested in edgier content,” according to CEO Susan Wojcicki. One of the first categories of advertisers YouTube has
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Director Harmony Korine donned a pair of Snap’s high-end Spectacles 3 camera-enabled glasses to make an experimental short film — transforming Miami into a psychedelic swirl of colors, music and characters. It’s a proof-of-concept project: Snap enlisted the filmmaker to create the 10-minute short, called “Duck Duck,” to showcase the new Spectacles 3 hardware, which
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