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Saudi’s Prince Alwaleed buys Twitter stake

DUBAI (Reuters) – Saudi billionaire Prince Alwaleed bin Talal, an investor in some of the world’s top companies, on Monday unveiled a $300 million stake purchase in fast-growing microblogging site Twitter, gaining another foothold in the global media industry. Alwaleed, a nephew of the Saudi king with a personal net…

Silver Lake, Microsoft working on new Yahoo stake offer: source

(Reuters) – A consortium of private equity group Silver Lake, software giant Microsoft Corp and venture capital firm Andreessen Horowitz are reworking their bid for a minority stake in Internet company Yahoo Inc, a source familiar with the matter said on Friday. Silver Lake’s consortium is working on a new…

Anonymous declares war on Congress with #OpAccountable

The National Defense Authorization Act for 2012 has been assailed by civil libertarians for its provisions which allow for the indefinite detention of American citizens without trial. Now the hacktivist collective Anonymous has joined the battle in its own distinctive manner, declaring war on the members of Congress who voted…

Talks on anti-piracy bill adjourn until 2012

Rep. Lamar Smith (R-TX), the Republican behind a controversial piece of legislation that would shut down any website accused of copyright infringement, abruptly adjourned a marathon session of the House Judiciary Committee on Friday as it was considering marking up the bill. After roughly 14 hours of debate spanning two…

Iranian engineer claims simple GPS hack took U.S. drone down

An unnamed Iranian engineer reportedly working to reverse-engineer a U.S. drone recently captured by Revolutionary Guard forces told a reporter for The Christian Science Monitor that the aircraft was downed through a relatively unsophisticated cyber-attack that tricked its global positioning systems (GPS). The technique, known as “GPS spoofing,” has been…

Beijing tightens controls over popular blogs

BEIJING (Reuters) – The Beijing city government said on Friday it would tighten control over popular microblogs that have vexed authorities with their rapid dissemination of news, giving users three months to register with their real names or face legal consequences. China has repeatedly criticized microblogs for spreading what it…

Zynga prices IPO at top end of range

(Reuters) – Online games maker Zynga Inc is expected to make a strong debut on the Nasdaq stock exchange on Friday after it priced its initial public offering at the top end of a preliminary range but did not increase the size of the $1 billion deal. Analysts and investors…

Facebook rolls out ‘Timeline’ feature to all users

SAN FRANCISCO — Facebook on Thursday began transforming profile pages into interactive digital scrapbooks that let members of the world’s leading online social network tell the stories of their lives. The “Timeline” feature being rolled out by Facebook was unveiled at a developers conference in September and comes with new…

California unveils cyber crime unit

SAN FRANCISCO — California has a new eCrime Unit devoted to catching and prosecuting Internet Age crooks. State attorney general Kamala Harris created the team, which is comprised of 20 attorneys and investigators specializing in identity theft and cyber crime. “Today’s criminals increasingly use the Internet, smartphones, and other digital…

Internet pioneers oppose U.S. online piracy bills

WASHINGTON — The founders of Craigslist, eBay, Google, Twitter, Yahoo! and other Internet giants expressed concern to the US Congress on Wednesday over legislation intended to crack down on online piracy. The Stop Online Piracy Act has received some bipartisan support in the House of Representatives and is the House…

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