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TikTok Agrees to Pay $92 Million to Settle Lawsuit Alleging Data Theft

3Mar By PriyankaNo Comments

News

TikTok Agrees to Pay $92 Million to Settle Lawsuit Alleging Data Theft

CHICAGO, 3rd March 2021-- US-based law firms will receive a $92 million proposed class action settlement on behalf of users of the TikTok app. The settlement, if approved by the court, would resolve claims that the social media company wrongfully collected its users’ biometric information and private data, and disclosed that information to third parties. In addition to creating a monetary fund for TikTok users, the settlement requires that TikTok initiate a new privacy compliance training program and take other steps to protect its users’ privacy going forward. TikTok is a video-sharing social network that has denied any privacy violations, the class action lawsuit contended that the app collects and discloses personal data in violation of the Illinois Biometric Information Priv...

Microsoft Launched Linkedin Mini Version For Semi Skilled Workers in India

23Feb By PriyankaNo Comments

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Microsoft Launched Linkedin Mini Version For Semi Skilled Workers in India

Microsoft CEO Satya Nadella today made a strong case for using digital technologies to empower the common man and launched a slew of India-centric initiatives, including a platform to connect semi-skilled workers with employers. The technology giant also launched a 'lite' version of its video interaction platform Skype. "If digital technology is only the purview of the large businesses and the start-ups, I think that is not sufficient for an economy to make progress," the India-born Nadella said speaking at a company event here. We’ve built Skype Lite for India, it's lightweight and has #Aadhar integration built in.@satyanadella #FutureDecoded — Microsoft India (@MicrosoftIndia) February 22, 2017 "We can celebrate technology, but if it doesn't truly empower every Indian and eve...

13May By NitishNo Comments

FUNDING

Hindi Social Networking Portal ShabdaNagari Raised Funding From ah! ventures

Hindi social networking portal ShabdaNagari has raised undisclosed amount of bridge funding from ah! ventures. The company had said that it plans to use the funds raised to expand its genres and improve its user interface, marketing and promotional activities. Artha Energy Project's Anirudh Damani & others also participated in this round. "ShabdaNagari team's thorough understanding of the Hindi speaking market and their innovative solutions to the various requirements make them stand apart. The positive results we have witnessed in the last one year makes us confident that ShabdaNagari is soon to be the biggest player in this niche category." said Harshad Lahoti, founder and CEO of ah! Ventures. ShabdaNagari had earlier raised Rs 1.2 crore from Kanpur Angels and a clutch of other...

Bengaluru-Based Hacker Rewarded Rs 10 lakh For Finding Bug in Facebook

9Mar By PriyankaNo Comments

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Bengaluru-Based Hacker Rewarded Rs 10 lakh For Finding Bug in Facebook

A Bengaluru-based computer programmer has received USD 15,000 (around Rs 10 lakh) from social networking giant Facebook as a reward, for reporting a bug through which he was able to hack into any Facebook account using relatively simple software. Anand Prakash, a product security engineer at Flipkart, wrote in a blog post on February 22 that he had found a simple vulnerability that could have been used to hack into any user's Facebook account to get access to credit or debit card details, personal pictures, and messages without any user interaction. The 22-year-old further wrote that he has earned around Rs 1.2 crore just by reporting bugs for Facebook, Twitter and a host of other US-based companies. "I started doing this after completing my graduation in BTech. I have so ...

12Dec By AdityaNo Comments

News

‘Facebook at Work’ Is Finally Launching

Facebook at Work, Facebook Inc's professional version of its social network, is expected to launch in the coming months, after spending a year in tests, a company executive said. The new service, geared towards workplace collaboration, is nearly identical to its ubiquitous social network, with a scrolling news "feed", "likes" and a chat service. "I would say 95 percent of what we developed for Facebook is also adopted for Facebook at Work," Julien Codorniou, director of global platform partnerships at Facebook, told Reuters. However, Facebook at Work users will maintain special profiles that are distinct from their existing Facebook profiles. The company is also developing exclusive products for Facebook at Work, including security tools, Codorniou said. Facebook started beta...

Googlers and Bankers Invest in Social Network for Investors – Talkoot

2Dec By No Comments

News

Googlers and Bankers Invest in Social Network for Investors – Talkoot

Talkoot is a real-time social platform for investors and traders. The venture aims to make financial markets fun, open and accessible to everyone in the country. Talkoot creates a personalized financial feed for each user based on the stocks and people they follow. Talkoot algorithms constantly measure performance of each idea shared on the platform and push out ideas that have high winning potential to the relevant users. Users can discuss and debate individual ideas' merit collectively and make better and informed investment decisions. All this is done through a transparent, collaborative and easy-to-use app that takes the sting out of investing. "Indian stock market has returned more than 13% annually during the 21st century. Despite this, most Indians do not invest because investing...

Facebook Wants to Make Your Recent Breakup Less Painful

20Nov By No Comments

News

Facebook Wants to Make Your Recent Breakup Less Painful

Facebook prides itself on its effectiveness in connecting people and bringing them together. But what happens when two people decide they’re better off apart? Today, the social network announced on its blog that it began testing out new tools to help people survive a breakup. U.S. mobile users will now see prompts to try these tools when they change their profile’s relationship status back to single. The option to “Take a Break” include seeing less updates and photos from a former partner without having to unfriend or hide them, and to limit what updates that person can see from the user as well. Newly single people will also have the option to customize who can see their previous posts and the ability to untag themselves from statuses and pictures. The changes are in response to cus...