Good morning, Austin! We scrolled the internet to bring you the latest in tech news. Here's what's happening:
Report: Yahoo will disclose a major data breach
Yahoo is preparing to disclose a "massive" data breach of its main service, Recode reported this morning.
The move comes just as Verizon Communications gets ready to take over the struggling company's core assets.
According to Recode, the break-in was "widespread and serious" and is expected to be disclosed this week. Yahoo hasn't commented so far.
The news would confirm earlier reports that the same hacker who'd stolen data from LinkedIn was now selling information from 200 million Yahoo accounts on a dark web marketplace. That data included user names, scrambled passwords and birth dating back to 2012.
Instagram more than doubles its advertiser base
Thanks to the arrival of new brands and retailers, Instagram said Thursday that it now has 500,000 advertisers.
That's more than twice the number the photo and video sharing app had in February.
Instagram, acquired by Facebook four years ago, only launched its advertising program in September.
The fast rise shows a strong momentum with advertisers that want to reach its 500 million monthly active users.
Of course, Instagram's numbers are still a sliver of those from Facebook, which are estimated to be in the 2 million range. But Instagram has already bested older social media sites like Twitter, which has just over 100,000 advertisers.
Is Apple is sizing up vehicle technology companies?
The New York Times takes a look how Apple, which laid off dozens of employees from its secretive car project this month, is quietly seeking help from outside vehicle technology companies.
The tech giant has been talking with McLaren, the automaker known for its Formula One racecars, about an investment in the company, according to Times sources.
Apple is also in talks with Lit Motors, a San Francisco start-up that has developed an electric self-balancing motorcycle, about a potential acquisition, sources said. Apple has already hired several former Lit Motors engineers.
The Times notes that while Silicon Valley companies like Google, Tesla and Uber have launched high-profile electric and driverless car initiatives, Apple has kept mum. Internally, though, it has pursued a car project called Project Titan, which has had ups and downs in leadership and direction.
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