Justin Sun, founder of Tron and its TRX cryptocurrency, just purchased BitTorrent, a pioneering file-sharing company. TorrentFreak first reported rumors of the acquisition last month, saying that Sun was pursuing the company. After starting talks with BitTorrent in September last year, Sun signed a letter of intent to purchase the company in January. Meanwhile, BitTorrent began speaking with other suitors, leading Sun to file a temporary restraining order, asserting that BitTorrent agreed not to pursue other offers. Continue reading Tron Founder Sun Purchases File-Sharing Pioneer BitTorrent

As part of its efforts to expand in Asia and compete with Amazon, Google is investing $550 million in Chinese e-commerce platform JD.com. The partnership will include the Google Shopping advertising platform promoting JD.com products, which should help the Beijing-based Jingdong (formerly 360buy) reach beyond China and Southeast Asia markets to the U.S. and Europe. Google has been ramping up investments across Asia. The company recently invested in Indonesian ride-hailing company Go-Jek, and is reportedly considering an investment in Indian e-commerce upstart Flipkart. Continue reading Google Plans to Invest $550 Million in China Retailer JD.com

Research by the Reuters Institute for the Study of Journalism reveals that younger people have changed their social media habits on consuming news. For Reuters, YouGov surveyed 74,000 people in 37 markets about their social media habits, and found that, among younger people, use of Facebook for news is down 9 percent from last year. Instead, this group is more likely to use Facebook’s WhatsApp to discuss current events in a more private forum. The survey took place before Facebook changed its News Feed filters in January. Continue reading Research Reveals Fewer People Rely on Facebook for News

Spotify is offering some managers and indie music acts a new arrangement: Management firms can receive “several hundred thousand dollars” as an advance fee for licensing “a certain number of tracks” of their indie artists directly to Spotify. In addition, in some cases, the managers and acts will earn 50 percent of the revenue of those songs per stream. In comparison, major-label artists and their management teams usually get 20 percent to 50 percent of the label’s share and don’t own their master recordings. Continue reading Spotify Offers Direct Licensing Deals to Managers, Indie Acts

Facebook is introducing a new feature that will allow users to leave feedback after buying products from advertisers on its site, with the goal of cracking down on businesses that sell shoddy goods or don’t deliver them promptly. In addition to this new tool, Facebook is also warning e-commerce companies that get large numbers of complaints, to allow them to improve. If the companies do not clean up their act, says Facebook, it will constrain the number of ads they deliver and could ban them. Continue reading Facebook Monitors Advertisers via Customer Feedback Tool

Judge Richard Leon of the U.S. District Court in Washington has approved the proposed merger between AT&T and Time Warner, despite the Justice Department’s claim that the deal would stifle competition. Judge Leon ruled the Justice Department did not prove that AT&T’s $85.4 billion takeover of Time Warner would result in fewer consumer choices and higher prices for Internet and TV services. While AT&T aims to move forward with the transaction, the DOJ is reportedly considering its options. The decision is expected to impact the future of media and telecom industries, and spur additional mergers and related deals. Continue reading Federal Judge Rules in Favor of AT&T-Time Warner Merger

Noted venture capitalist and Kleiner Perkins Caufield & Byers partner Mary Meeker recently released her annual Internet Trends report at the Code Conference in Rancho Palos Verdes, California. Among the 294 slides, Meeker explained that smartphone shipments did not grow in 2017, and Internet user growth slowed to 7 percent (more than half the world is already online). However, people are spending more time online. Of the 5.9 hours per day that U.S. adults spent on digital media last year, 3.3 were spent on mobile, which is leading the charge in digital media consumption. Continue reading Highlights From Mary Meeker’s 2018 Internet Trends Report

A recent deal between Google and Huawei Technologies now has some influential Congress members looking into the relationship between the two behemoths. Google and Huawei, which have an operating-system partnership, recently struck a deal to upgrade capabilities on Huawei smartphones, which run Google’s Android operating system. After Congressional scrutiny, another Silicon Valley giant — Facebook — said it will end its relationship with Huawei and three other Chinese electronics manufacturers. Continue reading Congress Takes Closer Look at Google-Huawei Relationship

Influenced by employee discontent, Google will not renew a contract with the Pentagon’s Project Maven when it expires next year. Google Cloud business head Diane Greene, who won the contract, was the one who announced the company’s decision in a weekly employee meeting. The Maven project uses artificial intelligence to interpret video images and, among its potential uses, could be employed to improve drone attack targeting. Many Google AI researchers worried aloud that it was a step towards using AI for advanced weaponry. Continue reading Google Plans Not to Renew its Defense Department Contract

It’s not just Europe that’s battening down the privacy hatches with the recently activated General Data Protection Regulation (GDPR). California voters in November will likely be able to weigh in on the California Consumer Privacy Act of 2018, an initiative that would provide the state one of the broadest online privacy laws in the country. One of this initiative’s most significant backers is San Francisco real estate mogul Alastair Mactaggart, who put more than $2 million of his own money into getting it on the ballot. Continue reading California Data Privacy Measure Is Likely to Impact the Nation

Consumers buying smart home and other Internet of Things devices don’t often understand the wider implications of their purchases. The tech companies building these devices are creating ecosystems that could, among other things, determine the future of retail. For example, buying a smart speaker to play music will likely become the consumer’s “access point” for a range of services, including shopping options. Consumers opting into one company’s products may be unknowingly opting out of other companies’ offerings. Continue reading Smart Speakers Could Become Centers of Retail Ecosystems

In an interview with CNBC, Hulu CEO Randy Freer revealed that his company’s $40 per month Internet streaming service, Hulu with Live TV, which launched a little more than one year ago, has surpassed 800,000 subscribers. Dish Network’s Sling TV reached 2.3 million customers at the end of Q1, and AT&T’s DirecTV Now has about 1.46 million subscribers. Other competitors in this space include Google’s YouTube TV, PlayStation Vue from Sony, and the sports-focused fuboTV. In total, Hulu has more than 20 million paying customers (half subscribe to the ad-free $11.99 monthly package). Continue reading Hulu Draws 800,000+ Subscribers to its New Live TV Service

FCC commissioner Michael O’Rielly is urging Amazon and eBay to pull listings from their sites for “rogue” set-top boxes that enable consumers to watch pirated TV shows. On Friday, the commissioner sent a letter to Amazon CEO Jeff Bezos and eBay CEO Devin Wenig noting that the STBs in question often falsely feature the FCC logo, and are responsible for encouraging “intellectual property theft and consumer fraud.” O’Rielly recognized that the companies have been working to address the problem, but wrote “despite your good work in this area, devices continue to make it to consumers through your websites.” Continue reading FCC’s O’Rielly Asks Amazon, eBay to Remove ‘Rogue’ STBs

Samsung has committed to integrating artificial intelligence and Internet connectivity into all its products by 2020, even as Google and Amazon beat the South Korean company to market with their AI-powered smart speakers. Samsung’s goal is to have every device from televisions to refrigerators synch with each other and drive demand for its smartphones. Samsung eventually plans to centralize these devices with its SmartThings app, acquired in 2014. It also will include its own virtual assistant Bixby, which debuted last year on its flagship Galaxy S8 smartphone. Continue reading Samsung Zeroes In on AI to Meet 2020 Goal for Smart Devices

According to Cisco’s threat intelligence division Talos, an estimated 500,000 routers in 54 countries have been infected by malware that the FBI and cybersecurity experts refer to as VPNFilter. The Justice Department has warned that routers are already under control of the Sofacy Group, which is reportedly directed by Russia’s military intelligence agency. Devices from Linksys, MikroTik, Netgear, QNAP and TP-Link are believed to be among the affected equipment. The FBI has requested that owners of home and office routers turn them off and turn them back on. Rebooting the routers will disrupt the malware if present. Users are also encouraged to upgrade firmware, disable remote-management settings, and select a new password. Continue reading FBI Requests That We Reboot All Routers to Disrupt Malware