Snapchat runs live coverage of California shooting

Snapchat, the mobile app featuring photos, videos and messages that disappear in seconds, made its first foray into major breaking news coverage Wednesday with a live stream of the mass shooting in Southern California. Snapchat, valued at $16 billion and with more than 100 million active users, most under the age of 25, ran a “Live Story” on the shooting in Bernardino, California, shortly after news broke of the massacre, which left 14 people dead and 21 more wounded

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EU member states agree higher fines for firms for privacy violations

By Julia Fioretti BRUSSELS (Reuters) – Businesses operating in the European Union could be fined up to 4 percent of their annual global turnover for breaching data protection rules under a proposal agreed on Wednesday. The EU is negotiating a data protection law to replace a patchwork of national laws dating back to 1995, aiming to set clearer limits on how companies can use EU citizens’ private data and beef up regulators’ enforcement powers. Under the current system, not all national regulators have the power to levy fines, and when they do the amounts are often paltry compared with the revenues of some of the companies affected, particularly big U.S.

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Hacking of U.S. government was criminal, not state-sponsored: China

China's official Xinhua news agency said on Wednesday that an investigation into a massive U.S. computer breach last year that affected more than 22 million federal workers found the hacking attack was criminal, not state-sponsored. In an article about a meeting between top U.S.

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Facebook’s CEO and wife to give 99 percent of shares to their new foundation

By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Mark Zuckerberg will put 99 percent of his Facebook Inc shares, currently worth about $45 billion, into a new philanthropy project focusing on human potential and equality, he and his wife said Tuesday in a letter to their newborn daughter. The plan, which was posted on the Facebook founder and chief executive officer's page, attracted more than 570,000 “likes,” including from singer Shakira, former California Governor Arnold Schwarzenegger and Melinda Gates, wife of Microsoft founder Bill Gates

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AppDynamics raises $158 million, showing appetite of late-stage investors

By Heather Somerville SAN FRANCISCO (Reuters) – AppDynamics, a maker of software to manage and analyze applications, has raised $158 million, evidence that some highly valued companies are still garnering investor support despite a pullback in late-stage venture capital. The new funding round, announced by the company on Monday, puts AppDynamics’ total financing at $315 million since its founding in 2008

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AppDynamics raises $158 million, showing interest in late-stage financing

SAN FRANCISCO (Reuters) – AppDynamics, a maker of software to manage and analyze applications, has raised $158 million from investors, showing that some highly valued companies are still earning investor enthusiasm despite indications of a pullback in late-stage venture capital. The new funding round, announced by the company on Monday, puts AppDynamics total financing at roughly $450 million

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Backpage.com wins injunction vs Chicago sheriff over adult ads

A federal appeals court on Monday ordered an injunction blocking the Cook County, Illinois, sheriff from pursuing any effort to stop credit card companies from handling transactions for Backpage.com, a classified ad website that the sheriff said promotes sex trafficking. The 7th U.S.

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