Hudson News chief James Cohen will reportedly buy National Enquirer

American Media is selling its tabloid the National Enquirer for $100 million to James Cohen, chief executive of Hudson News, the Washington Post reported on Thursday, citing people familiar with the agreement. The National Enquirer had admitted to paying hush money to help U.S. President Donald Trump get elected and been accused of attempting to blackmail Amazon founder Jeff Bezos. The weekly tabloid along with two sister publications will be purchased by the head of Hudson News known for its airport newsstands, the report said. This comes a week after…

Facebook says its employees had access to millions of Instagram passwords

Facebook on Thursday said millions of Instagram user passwords were exposed to employees in a searchable format in an internal database. div > div.group > p:first-child »> The announcement came in an update to a blog post that was published last month after the company disclosed millions of Facebook user passwords were exposed to employees. The blog post originally said thousands of Instagram passwords were exposed. Cybersecurity journalist Brian Krebs reported in March that up to 600 million Facebook passwords were exposed. Facebook said in the blog post it would…

These six stocks have ‘upside’ potential due to recent developments, Wall Street analysts say

div > div.group > p:first-child »> A few well-known stocks — and some not quite so well known — are just a few of the names analysts say have « upside » potential. They see companies like Snap, Estee Lauder, and Pinnacle West as just a few worth looking at as earnings season rolls on. CNBC did a deep dive through company research to find analysts from different industries singling out stocks in their coverage universes. Popular tech and social media platform Snap caught analyst’s eyes this week. « We…

Apex Legends’ viewership hours plunged 75%. Here’s what that says about the gaming and streaming space

Lately when gamers go on Twitch, they see Electronic Arts’ battle royale game Apex Legends ranking as the third- or fourth-most-watched category — if that — of all categories streaming on the platform, a far cry from when the game launched in February and dominated viewership. div > div.group > p:first-child »> That’s reflected in a quarterly report released Thursday by StreamElements, a platform that helps Twitch and YouTube streamers manage and improve their livestreams. The report showed that the game hit peak viewership levels when viewers watched over 40…

Zoom is worth billions more than Pinterest as both go public — even though it’s half the size

When it comes to emerging tech companies, investors are clearly rewarding growth and profitability above all else. div > div.group > p:first-child »> Videoconferencing company Zoom and social media site Pinterest both debuted on the public markets today and immediately rallied from their IPO prices. But Zoom went up significantly more, giving it an early valuation of $16.7 billion, topping Pinterest’s market capitalization of nearly $13 billion. That’s a surprising development considering that Zoom is less than half the size of Pinterest, based on the latest full year of sales.…

Mueller report details how Russians reached millions of American Facebook and Twitter users

Russia’s Internet Research Agency (IRA) reached millions of social media users on Twitter, Facebook and Instagram. Russian operatives communicated with the Trump campaign under false identities, « without revealing their Russian association, » and interacted with prominent pro-Trump activists in order to arrange activities that ranged from the staging of political rallies, to « confederate » events and even an organization under the hashtag #KidsforTrump, according to the report. div > div.group > p:first-child »> « IRA-controlled Twitter accounts separately had tens of thousands of followers, including multiple U.S. policial…

Pinterest begins its first day of trading at $23.75, up 25%

Pinterest began its first day of trading Thursday at $23.75, up 25%. div > div.group > p:first-child »> The bump pushed Pinterest’s valuation above $12 billion after it was initially priced at $19 per share, which had valued it at $10 billion. The company, which debuted on the New York Stock Exchange under the ticker « PINS, » originally said in a regulatory filing it would sell 75 million shares at a price range between $15 and $17 per share, which would have valued it as high as $9 billion.…

Chinese electric sports car Qiantu K50 by Mullen coming to US roads next year

An estimated 40 battery-electric vehicles are on display at this week’s New York International Auto Show, and contrary to their popular image as slow and stodgy, many of them put an emphasis on performance, including the new Qiantu K50 by Mullen. div > div.group > p:first-child »> With its twin electric motors drawing power from a lithium-ion battery pack, the K50 can punch out 430 horsepower and 560 pound-feet of torque, enough to launch it from 0 to 60 in just 4.3 seconds, with an electronically limited top speed of…

Google reveals its Android browser ballot screens for Europe

Google is planning to roll out new browser and search ballot screens for Android in Europe in the coming weeks. The new screens will be displayed the first time an Android user opens Google Play after an upcoming update, and they will show rival Android browsers and search engines. Google will present four other browsers and search engines in a random order, and Android users will be able to install and enable as many of them as they like. A separate screen will also be shown to help configure app…

Google and Amazon have ended their war over the YouTube app

Google will relaunch the YouTube app and will release a new YouTube TV app on Amazon Fire TV devices in the coming months, according to a press release from Amazon on Thursday. div > div.group > p:first-child »> Amazon Prime video will also soon support the Google Chromecast, ending a streaming spat between the two firms that started in 2017. Google pulled its YouTube app from Amazon’s Fire TV and Echo Show in Dec. 2017 as competition between the two companies began to heat up in the streaming space. At…

Audi debuts $200,000 R8 supercar that tops 200 mph

The magic number for Audi at this year’s New York International Auto Show is 200 — as in 200 mph and $200,000. div > div.group > p:first-child »> Among the numerous new models the German automaker is launching in the Big Apple this week, the spotlight focuses on Audi’s R8 supercar which is using the annual show to mark its 10th anniversary. For the first time, all versions of the R8 will be able to blow past the 200 mph mark, while the limited-edition R8 Decennium will become the first…

YouTube is finally coming back to Amazon’s Fire TV devices

YouTube is returning to Amazon’s lineup of Fire TV products, and the Amazon Prime Video app will be adding Chromecast support. Those two developments, jointly announced by both companies this morning, mark the end of a long-running standoff between Google and Amazon, a feud that has kept a native YouTube app off of the Fire TV platform for well over a year. Customers were really the ones who were disadvantaged as soon as these two tech giants entered into this spat, so to see that it’s over is very good…

Google Chrome is getting a reader mode on desktop

The desktop version of Google Chrome’s browser is getting a reader mode, which can be used to strip out a page’s unnecessary background clutter to make an article easier to read. ZDNet notes that the feature launched today in Chrome’s experimental Canary release, and it should make its way to more stable versions of the browser in the future. Reader modes have become a standard browser feature. Microsoft’s Edge browser has had one since at least 2015, and Firefox and Safari both added them in 2017. Firefox’s implementation is the…

Snap falls after Wedbush analyst downgrades stock, says shares are getting too expensive

Shares of Snap fell more than 3% in the premarket Thursday after an analyst at Wedbush Securities downgraded the social media company amid valuation concerns. div > div.group > p:first-child »> Analyst Michael Pachter cut his Snap rating to neutral from outperform. « With shares currently trading around 8x the consensus 2020 revenue estimate, current valuation appears to leave little room for multiple expansion, as greater investor confidence in current management and the potential for earlier-than-expected profitability appear to be largely priced in, » he said. Snap shares have been…

A new Russian law will further separate the country from the global internet

A new law that could further cordon Russia from the global internet passed the country’s parliament this week and awaits President Vladimir Putin’s signature. div > div.group > p:first-child »> Moscow has positioned the law as a security and privacy measure, meant to counter what it has said is an increasingly aggressive cybersecurity stance by the U.S. and increasingly risky threat landscape generally. But activists and other international observers outside Russia say the law would give Putin’s government far greater control over internet traffic within the country, despite measures already…

Keyboards will be gone in five years and voice tech is ‘the opportunity of a decade,’ investor says

Voice-enabled technology will end the need for keyboards within five years, and investors should put their money into the space, a venture capitalist with a track record for successful bets has told CNBC. div > div.group > p:first-child »> « What’s clear to me today is that the keyboard in five years will be gone as an input device, » Mark Tluszcz, co-founder and CEO of Mangrove Capital Partners, said in an interview this week. He said a struggle for the investment community when it comes to voice is figuring…

Grocery firm Kroger launches autonomous deliveries in Houston

Grocery giant Kroger has partnered with robotics firm Nuro to launch an autonomous delivery service in Houston, Texas. In an announcement Wednesday, Kroger said that the service would represent the first public use of Nuro’s self-driving vehicles in Houston. div > div.group > p:first-child »> The scheme will initially operate out of a store in South Post Oak, with Kroger’s Buffalo Speedway store offering it soon after. It will start off by using a fleet of manual and self-driving Toyota Prius cars, with the next generation of Nuro’s driverless vehicle…

EU parliament votes to fine internet firms for not removing extremist content quickly

The European parliament voted on Wednesday to fine firms like Facebook, Google and Twitter up to 4 percent of their turnover if they persistently fail to remove extremist content within one hour of being asked to do so by authorities. The measures have been brought into sharper focus since the live streaming on one of Facebook’s platforms of a lone gunman killing 50 people at two New Zealand mosques in March. The parliament voted 308 to 204 with 70 abstentions to back the proposal to tackle the misuse of internet…

Samsung shares tumble amid concerns its foldable phones are breaking

Shares of Samsung Electronics dropped more than 3 percent on Thursday after multiple accounts emerged of its cutting-edge folding phone breaking ahead of the device’s retail launch. div > div.group > p:first-child »> The phone, named the Galaxy Fold and priced at $1,980, has only been given to gadget reviewers so far, but several people have reported that their screens appear to be disconnecting and permanently flashing on or off. Samsung started taking pre-orders for the Galaxy Fold last weekend, but quickly ran out of availability, suggesting supply is constrained…

Amazon is shutting down its China marketplace business. Here’s why it has struggled

Queenie Liao, an office worker in Guangzhou, China, shops online several times a week. Alibaba’s Taobao and JD.com are her go-to platforms, but it wasn’t always that way. div > div.group > p:first-child »> « I used to use Amazon a few years ago. Amazon was one of the first online shops in China and a lot of friends told me that the things from Amazon were much more trustable. That’s why I used it, » Liao told CNBC. « Taobao and JD have more items now. » Her shift…

Facebook says it ‘unintentionally uploaded’ 1.5 million users’ email contacts without permission

Social networking giant Facebook said on Wednesday evening it may have « unintentionally uploaded » the email contacts of up to 1.5 million users on its site, without their permission or knowledge, when they signed up for new accounts since May 2016. div > div.group > p:first-child »> Those contacts were not shared with anyone and Facebook is deleting them, a company spokesperson told CNBC. « We’ve fixed the underlying issue and are notifying people whose contacts were imported. People can also review and manage contacts they share with Facebook…

Pinterest prices IPO at $19, valuing social media company at $10 billion

Pinterest raised $1.43 billion in its IPO after pricing the offering at $19 a share on Wednesday, valuing the company at $10 billion. div > div.group > p:first-child »> Pinterest, which is expected to start trading on Thursday on the New York Stock Exchange, had originally given a pricing range of $15 to $17. But investors appear to be showing an appetite for the social media company despite the challenges Lyft has faced since becoming the first consumer tech IPO of the year last month. CNBC reported earlier on Wednesday…

Cramer: Netflix’s content will be enough to hang with Disney, streaming competitors

Netflix can peacefully coexist in the streaming industry even as the market braces for more competition from Walt Disney, Google’s YouTube, and Apple, CNBC’s Jim Cramer said Wednesday. div > div.group > p:first-child »> As the video giant continues to add popular content, such as « Triple Frontier, » « Bird Box, » and « FYRE: The Greatest Party That Never Happened, » to its platform, customers will fear missing out, he said. « It’s all about peer pressure. That’s why [CEO] Reed Hastings is right when he says: ‘the…

Zoom prices IPO at $36 per share: Source, valuing videoconferencing company at $9.2 billion

Videoconferencing company Zoom priced its IPO at $36 a share, above of its already increased range and valuing the business at $9.2 billion. div > div.group > p:first-child »> Zoom, which is slated to start trading on Thursday on the Nasdaq, had originally given a pricing range of $28 to $32, but investor demand was so high for the profitable, fast-growing company, that the offering ended up well above that mark. CNBC reported earlier on Wednesday that the company would price at the top end of the increased range —…

Google Assistant can now ‘gently’ wake you up with Philips Hue lights

Google is rolling out a new feature to Google Assistant today that will allow a Google Home device to work in concert with a Philips Hue light setup to gently wake you up in the morning or go to sleep at night by gradually raising or lowering the lights over the course of 30 minutes. The feature — fittingly called Gentle Sleep & Wake — is designed to mimic a sunrise and sunset. It will let you get the kind of luxury experience that people who can afford homes and…

Amazon plans to close its marketplace for Chinese consumers

Amazon plans to close its domestic marketplace business in China by mid-July, people familiar with the matter told Reuters on Wednesday, focusing efforts on its more lucrative businesses selling overseas goods and cloud services in the world’s most populous country. Shoppers in China will no longer be able to buy goods from other third-party merchants in the country, but they still will be able to order from the United States, United Kingdom, Denmark and Japan via Amazon’s global store. Amazon expects to close fulfillment centers and wind down its support…

Samsung’s $2,000 folding phone is breaking for some users after two days

Samsung’s $1,980 Galaxy Fold phone is breaking for some users after a day or two of use. A review unit given to CNBC by Samsung is also completely unusable after just two days of use. div > div.group > p:first-child »> The phone has only been given to gadget reviewers, but some of the screens appear to be disconnecting and permanently flashing on or off. The Verge’s Dieter Bohn posted earlier on Wednesday that his phone appears to have a defective hinge with a « small bulge » that he…

Facebook is working on a voice assistant to rival Amazon Alexa and Apple Siri

Facebook is working on a voice assistant to rival the likes of Amazon’s Alexa, Apple’s Siri and the Google Assistant, according to several people familiar. div > div.group > p:first-child »> The tech company has been working on this new initiative since early 2018. The effort is coming out of the company’s augmented reality and virtual reality group, a division that works on hardware, including the company’s virtual reality Oculus headsets. A team based out of Redmond, Washington, has been spearheading the effort to build the new AI assistant, according…

How to use Google’s new budget feature on Android so you don’t overspend

Google is adding a new budgeting feature to its Play Store that will allow Android users to establish a monthly maximum they want to spend on digital content. This applies to apps, games, movies, TV shows, music, ebooks, and so on. As you get close to reaching your budget limit, you’ll see an alert that you’re nearing it — or have gone over the amount you specified. This budget option hasn’t rolled out to everyone yet. When it does, you’ll be able to access it like this: Open the Play…

Netflix isn’t concerned about lower prices as Disney streaming starts, except in one huge market

If there’s a market where Netflix is concerned about plan pricing as Disney begins its big push into the video streaming market, it’s not the U.S. It’s India. div > div.group > p:first-child »> Netflix has raised its prices on plans in the U.S. and recently announced intentions to do the same in Brazil, Mexico and some countries in Europe, but it is struggling to lower its price tier in India as it looks to add more subscribers in a country that has more than 460 million internet users. The…