Top Italian official says Facebook must do more against hate speech

By Crispian Balmer ROME (Reuters) – Facebook must do much more to stamp out hate speech on its site, the president of Italy's lower house of parliament said, warning that rising abuse on various social media was being fueled by fake news. Laura Boldrini, herself often the focus of sexist insults and online threats, complained to Facebook managers in November about hate speech on the social network and put forward several proposals on ways to deal with the problem. In a statement, Facebook said it was committed to battling hate speech and fake news, and was working closely with various institutions in Italy to deal with cyber bullying.

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Top Italian official says Facebook must do more against hate speech

South Korea prosecutor to summon Samsung’s Lee again on suspicion of bribery

By Ju-min Park SEOUL (Reuters) – South Korea's special prosecutor said it would again summon Samsung Group scion Jay Y. Lee on Monday to question him on suspicion of bribery, as it investigates a graft scandal that has engulfed the country's president. Last month, special prosecution officials questioned 48-year-old Lee for more than 22 hours straight, but a court rejected a warrant to arrest him in the inquiry into a scandal that led parliament to impeach President Park Geun-hye. Lee Kyu-chul, a spokesman for the special prosecutor, told a news briefing the office would decide later, possibly this week, whether to again seek an arrest warrant for Lee after he is questioned on Monday.

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South Korea prosecutor to summon Samsung’s Lee again on suspicion of bribery

Amazon warns that trade protectionism could hurt business

(Reuters) – Amazon.com Inc warned on Friday that government actions to bolster domestic companies over foreign competition could hurt its business, in a potential reference to U.S. President Donald Trump's “America First” agenda.

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Amazon warns that trade protectionism could hurt business

Facebook to provide ad data for independent audit

(Reuters) – Facebook Inc said it would provide information about ads displayed on its platform for an audit, months after the social network admitted to overstating key ad metrics. The audit by media regulator Media Rating Council (MRC) will likely provide more clarity to advertisers. (http://bit.ly/2lyER01) Facebook said in September that a metric for average user time on videos was artificially inflated as it only counted videos viewed for over three seconds. …

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Facebook to provide ad data for independent audit

Toshiba receives bids as high as $3.6 billion for chip business stake: source

Toshiba Corp has received bids ranging from 200 billion yen to as much as 400 billion yen ($1.8-3.6 billion) for a 19.9 percent stake in its flash memory business, a person directly involved in the deal told Reuters on Thursday. A sale at that price would help Toshiba offset a multi-billion dollar writedown on its U.S. nuclear power business, which investors worry could wipe out shareholder equity. Suitors for the Japanese company's chip unit include rivals SK Hynix Inc and Micron Technology Inc, data storage firm Western Digital Corp and financial investors such as Bain Capital, people told Reuters earlier this week.

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Toshiba receives bids as high as $3.6 billion for chip business stake: source

Exclusive: Tesla pausing factory for Model 3 preparation this month

By Paul Lienert and Alexandria Sage DETROIT/SAN FRANCISCO (Reuters) – Tesla Inc said on Wednesday it will shut down production at its California assembly plant for a week this month to prepare for production of its high-volume Model 3 sedan, moving the company closer to meeting its target to start production in July. Tesla said the “brief, planned” pause would allow the company to add capacity to the existing paint shop to prepare it for the Model 3, and other general maintenance. “This will allow Tesla to begin Model 3 production later this year as planned and enable us to start the ramp towards 500,000 vehicles annually in 2018,” said a Tesla spokesman.

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Exclusive: Tesla pausing factory for Model 3 preparation this month

Samsung Group says process to disband its corporate strategy office underway

SEOUL (Reuters) – South Korean conglomerate Samsung Group [SAGR.UL] said on Monday it will disband its corporate strategy office tasked with managing long-term group-related affairs at the conclusion of the current special prosecution probe. Jay Y. Lee, third-generation leader of the country's top conglomerate, said at a December parliament hearing he plans to disband the office but did not give a specific timeline. Samsung said in a statement the process of dismantling the office is already underway but did not elaborate further. …

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Samsung Group says process to disband its corporate strategy office underway

Technology firms to urge Trump to alter U.S. travel ban: sources

(Reuters) – Several technology companies plan to send a letter to U.S. President Donald Trump on Monday urging his administration to follow through on proposed changes to a travel ban on seven mainly Muslim nations, sources familiar with the letter said Sunday. “We welcome the changes your administration has made in recent days in how the Department of Homeland Security will implement the Executive Order,” according to a draft of the letter. The technology companies expected to sign the letter include Apple Inc, Facebook Inc, Alphabet Inc's Google, Twitter Inc, Microsoft Corp and Yahoo Inc. The sources did not want to be identified because discussions regarding the letter were ongoing.

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Technology firms to urge Trump to alter U.S. travel ban: sources

At Snap, cost of hosting sets high bar for revenue growth

By Stephen Nellis and Liana B. Baker SAN FRANCISCO (Reuters) – Snap Inc’s initial public offering filing seemed to show a company with a basic math problem: the company's cost of revenue for 2016 – the amount it had to spend just to keep the messaging service running – was $47 million higher than its $405 million in sales. The high cost of revenue, which in Snap's case consists mainly of payments to Alphabet Inc's Google for hosting the service, means that, on an annual basis, Snap lost money on every one of its 158 million users in 2016, even before accounting for salaries, office rents or anything else. Snap revealed in its IPO prospectus, filed with securities regulators on Thursday, that it will pay Google at least $2 billion over the next five years.

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At Snap, cost of hosting sets high bar for revenue growth

Google sells satellite imaging business Terra Bella to Planet Labs

(Reuters) – Alphabet Inc's Google said on Friday it would sell its satellite imaging business, Terra Bella, to Planet Labs, a San Francisco-based private satellite operator founded by former NASA scientists.

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Google sells satellite imaging business Terra Bella to Planet Labs