Hackers got into SEC database, my have traded on inside information
A government regulator said Wednesday that hackers accessed its corporate disclosure database and may have illegally profited from insider information, according to Reuters.
The U.S. Securities and Exchange Commission said the hack occurred in 2016 but it was only discovered last month that the cyber criminals may have used the information to make trades, Reuters said.
Google will pay $1.1 billion for HTC talent
Internet giant Google is buying part of HTC Corp.’s engineering and design teams for $1.1 billion, Bloomberg reports.
The agreement means that HTC veterans who worked on the Pixel phone will be working for Google. The deal also includes a non-exclusive licensing agreement for HTC intellectual property.
Facebook makes changes after ad-targeting problems
After a ProPublica report revealed that Facebook’s ad-targeting system could be used to target people who used racist comments or hate speech in their profiles, Facebook said it was changing its ad targeting system.
The New York Times reported that Facebook’s Chief Operating Office called the fact that its ad-targeting system could be used in this way “a fail” for the company. She added that Facebook would add “more human review and oversight” to its automated systems to prevent further misuse.
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