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Didi is fined $1.2 billion for violating data security laws

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Chinese authorities have fined ride-hailing company, Didi more than $1 billion for breaking data security laws

China’s cybersecurity authority believes ride-hailing company Didi violated a series of laws relating to security, and personal information breaches.

The Cyberspace Administration of China (CAC) began an investigation days after Didi’s IPO on the New York Stock Exchange.

The company proceeded with the listing despite outstanding concerns about data security by authorities.

“Didi’s violations of laws and regulations are serious … and should be severely punished.”

The Cyberspace Administration of China

Less than six months later, the company delisted from the New York Exchange and made plans to list in Hong Kong instead.

The CAC believes the company illegally collected millions of pieces of user information over a seven-year period.

In a statement, Didi says it accepts the ruling.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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How Disney beat Netflix at its own game

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When it comes to streaming, there’s a new sheriff in town.

Disney+ has quickly become a major force in the streaming wars, adding over 14 million new subscribers in its latest quarter. That’s a big jump from the 3 million it had just three months prior.

In comparison, Netflix lost nearly 1 million subscribers in the same period.

So what happened? How did Disney+ overtake Netflix so quickly?

There are a few factors at play.

For one, Disney+ has a lot of content that people want to watch. As well as its acquisition of 21st Century Fox, the service  has access to popular franchises like Star Wars, Marvel, and The Simpsons. That’s a big draw for people who are looking for something to watch.

In addition, Disney+ is much cheaper than Netflix. A subscription to Disney+ costs $6.99 per month, while a Netflix subscription starts at $8.99 per month. For people who are trying to save money, Disney+ is the more appealing option. Though Disney and Netflix have signalled they’re going to push up their prices.

Disney+ has been aggressive in marketing itself as the superior streaming service. The company has run a number of ads that compare its service favorably to Netflix. This has helped convince people to switch to Disney+.

The Disney effect

The Walt Disney Company launched Disney+ on November 12, 2019. The streaming service is available in the United States, Canada, the Netherlands, Australia, New Zealand, and Puerto Rico.

As of the second quarter of 2020, Netflix had nearly 221 million subscribers across 190 countries.

Netflix facts

What is the market share of Netflix? In the United States, Netflix has a market share of 37%. That means it is the most popular streaming service in the country.

When was Netflix founded? Netflix was founded on August 29, 1997, in Scotts Valley, California.

What type of company is Netflix? Netflix is a publicly-traded company. Its stock is traded on the Nasdaq under the ticker symbol NFLX.

What is the headquarters of Netflix? The headquarters of Netflix is located in Los Gatos, California.

Disney+ facts

Disney is spending $1 billion per year on its streaming service.

What is the market share of Disney+? In the United States, Disney+ has a market share of 24%.

When was Disney+ launched? Disney+ was launched on November 12, 2019.

What type of company is Disney? Disney is a publicly-traded company. Its stock is traded on the New York Stock Exchange under the ticker symbol DIS.

How much does Disney stock cost? As of August 2020, the price of one share of Disney stock is $115.76.

What is the headquarters of Disney? The headquarters of Disney is located in Burbank, California.

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Apple exec fired over crude TikTok video

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Apple’s vice president of procurement, Tony Blevins, has been fired from the company after his crude remarks in a TikTok interview went viral

Apple has fired its vice president of procurement, Tony Blevins for making crude comments in a viral TikTok video.

It all started with an interview that went horribly wrong. Creator Daniel Mac posted a video where he asked Blevins what he does for a living, and Blevins response didn’t reference anything respectable.

“I race cars and play golf and fondle big-breasted women. But I take weekends But I take weekends and major holidays off,” Blevins replied.

The video has been viewed over 1.3 million times.

The video didn’t identify Blevins by name and didn’t reference his position at Apple, though Blevins does note that his job offers “a hell of a dental plan.”

But Apple moved quickly to fire Blevins, saying the comments don’t align with their values and respect of women.

Apple is known for being a family-friendly company, so it’s no surprise that they wouldn’t want an employee making crude jokes on TikTok.

This just goes to show that you should be careful what you say on social media.

Ton Blevins

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Apple downgrade signals broader tech problem

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Apple’s downgrade by Bank of America sparked a selloff in tech stocks, sending shares of Alphabet and Microsoft to one-year lows.

The move came as investors rotated out of growth stocks and into more defensive assets to deal with higher interest rates and get ahead of a possible recession.

Apple’s stock fell sharply after the downgrade, while shares of other major tech companies also tumbled.

The selloff in tech stocks weighed on the broader market, with the Dow Jones Industrial Average and the S&P 500 both falling sharply.

The market’s declines were broad-based, but the tech sector was hit particularly hard.

The Nasdaq Composite Index fell more than 3%, while the Dow Jones Industrial Average and the S&P 500 both declined more than 2%.

The market’s sell-off was sparked by a downgrade of Apple’s stock by analysts at Bank of America.

The downgrade came as investors are increasingly worried about the outlook for the tech sector.

Shares of Apple have fallen sharply this year, and the stock is now down more than 30% from its highs.

Other major tech stocks have also been under pressure, with shares of Alphabet, Facebook, and Amazon all down significantly from their highs.

The market’s sell-off on Thursday was a continuation of the recent trend of investors rotating out of growth stocks and into more defensive assets.

The rotation out of growth stocks has been driven by concerns about higher interest rates and a possible recession.

Investors have been flocking to safe-haven assets such as gold and government bonds.

The market’s sell-off on Thursday also came as oil prices fell sharply, with West Texas

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