Good morning, Austin! We have scrolled the internet to bring you the latest in technology news. Here’s what’s going on:
Apple, returning overseas cash, to pay $38 billion tax bill
Apple says it will bring hundreds of billions of overseas dollars back to the U.S., pay about $38 billion in taxes on the money and spend tens of billions on domestic jobs, manufacturing and data centers in the coming years.
The iPhone maker plans capital expenditures of $30 billion in the U.S. over five years and will create 20,000 new jobs at existing sites and a new campus it intends to open. The Cupertino, California-based company’s shares rose 1.7 percent to a record closing price of $179.10.
Apple also told employees Wednesday that it’s issuing stock-based bonuses worth $2,500 each following the new U.S. tax law, according to people familiar with the matter.
Here’s a look at how Austin could play into the expansion plans.
Austin is on Amazon’s list of metro areas for its second HQ
In addition, the list includes major metropolitan areas such as Los Angeles and Atlanta, as well as smaller communities including Pittsburgh, Raleigh and Nashville.
The nation's capital is heavily represented, with D.C., northern Virginia and the Maryland suburb of Montgomery County also making the cut.
Amazon’s so-called HQ2 will be the Seattle-based online retailer’s second headquarters in North America.
YouTube cracks down on Tide Pod challenge videos
YouTube is cracking down on a dangerous new online trend: Teens putting poisonous laundry gel pods in their mouths and eating them like candy in "Tide Pod challenge" videos.
The Google-owned video streaming service said it would remove the videos. In a a statement, YouTube said its community guidelines prohibit content that encourages dangerous activities that have a risk of causing physical harm.
"Videos showing people participating in the Tide Pod challenge are removed from YouTube when flagged and the channel is given a strike for violating our Community Guidelines, which prohibit harmful or dangerous content," the company said.
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