SIPC chief raises concerns to SEC about Robinhood’s free checking accounts

Harbeck’s tenure at the the Securities Investors Protection Corp., beginning as CEO in 2003, spans the liquidations of Lehman Brothers, Bernard L. Madoff Securities, and MF Global. Cash balances sitting in accounts collecting interest for a long period of time also skirt the SIPC rules on what’s covered in the event of a collapse, Harbeck…

Adobe trades lower after Q4 2018 beat

Adobe stock dropped as much as 5 percent in a down market for tech stocks on Friday, a day after reporting better-than-expected earnings for the fourth quarter of its 2018 fiscal year. Investors are concerned about the $4.75 billion acquisition of Marketo diluting earnings, as well as a write-down of some assets from the deal….

Instagram will start telling brands which products users bookmark

One year after forming a team to develop shopping specific features, Facebook’s Instagram is now beginning to develop analytics tools that brands could eventually use for ad targeting. Instagram last month introduced a tool that lets users bookmark products they find on the social network. Now, Instagram is working on an insight tool that will…

Joe Lieberman joins ZTE to lead national security assessment 

ZTE has reportedly hired former Sen. Joe Lieberman to help the Chinese telecom giant allay fears in Washington that it poses a threat to national security. He will spearhead an assessment of its products, as the company tries to ensure U.S. officials that it is not a spy for the Chinese government. Politico reported Thursday…

Facebook bug exposed photos from up to 6.8 million users

Marlene Awaad | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Inc., listens during the Viva Technology conference in Paris, France, on Thursday, May 24, 2018.  A Facebook bug exposed photos from up to 6.8 million users using third-party apps, the company disclosed Friday. The exposed photos include those that…

Google Shopping launches in India

Google has launched its shopping aggregator service in India, in a bid to take advantage of the country’s booming digital economy. The tech giant said Thursday that Indian shoppers will now be able to browse deals using its Google Shopping home page, a mobile-friendly web app, a new “shopping” tab on its search engine and…

The seductive diversion of ‘solving’ bias in artificial intelligence 

This story originally ran on Medium on December 7, 2018. The rise of Apple, Amazon, Alphabet, Microsoft and Facebook as the world’s most valuable companies has been accompanied by two linked narratives about technology. One is about artificial intelligence — the golden promise and hard sell of these companies. A.I. is presented as a potent,…

Apple China to push software update in bid to resolve Qualcomm case

Apple, facing a court ban in China on some of its iPhone models over alleged infringement of Qualcomm patents, said on Friday it will push software updates to users in a bid to resolve potential issues. Apple will carry out the software updates at the start of next week “to address any possible concern about…

Slower IT spending could reveal Cisco’s ‘imperfections,’ analyst says

While stronger technology spending across Wall Street and a spell of innovation at Cisco have boosted the stock to post-recession highs, shares now look a little expensive, according to Normura Instinet. The brokerage downgraded Cisco’s stock to neutral from buy on Friday, arguing that the strong stream of IT purchases that has buoyed shares may…

Twilio’s 300 percent surge this year has been windfall for Bessemer

Getty Images Twilio Inc. founder and CEO Jeff Lawson (C, in glasses) reacts after ringing the opening bell to celebrate Twilio’s initial public offering, at the New York Stock Exchange, June 23, 2016 in New York City. In a year that’s featured the high-profile market debuts of Dropbox, Spotify and DocuSign, as well as numerous…