Tuesday, July 27

Innovation

Donald Trump, Facebook Inc., Innovation, Jack Dorsey, Mark Zuckerberg, Twitter Inc.

Trump sues Facebook, Twitter, Google after social media ban

Breadcrumb Trail Links News Innovation Without access to the broad reach afforded by social media giants, Trump has struggled to maintain an online presence Author of the article: Bloomberg News Mark Niquette and Naomi Nix Former US president Donald Trump gestures while speaking to his supporters during the Save America Rally in Sarasota, Florida, July 3, 2021. Photo by Octavio Jones/Reuters files Article content Former President Donald Trump sued Facebook Inc., Twitter Inc., Alphabet Inc.'s Google and their chief executives, raising the stakes in his battle against social media giants who have blocked him. Advertisement This advertisement has not loaded yet, but your article continues below. Article content Billing the effort during a Wednesday p...
Facebook Inc., Innovation

Facebook’s market cap tops $1 trillion for first time after judge rejects monopoly complaints

Breadcrumb Trail Links News Innovation The dismissal is the first big blow to state and federal lawsuits against Big Tech firms Author of the article: Reuters Diane Bartz and Elizabeth Culliford A judge Monday dismissed a blockbuster antitrust suit against Facebook filed last year by federal and state regulators, saying the lawsuit failed to "plausibly" establish that the social network had created a monopoly. Photo by Lionel Bonaventure/AFP via Getty Images Article content WASHINGTON — A US judge on Monday dismissed federal and state antitrust complaints against Facebook Inc that sought to force the social media company to sell Instagram and WhatsApp, saying the federal complaint was “legally insufficient.” Facebook shares rose more than 4 per cent after the ru...
Innovation, Sustainable Marine Energy Canada Ltd., tidal energy

Tidal energy: The quest to turn Nova Scotia’s ocean tides into stable, renewable electricity — at a reasonable cost

Article content continuedIn addition, DP Energy Ireland Ltd., a private renewable energy development company based in County Cork, Ireland, holds two FORCE berths through two affiliate companies, Halagonia Tidal Energy Ltd. and Rio Fundo Operations Canada Ltd. In 2018, the Canadian government announced $29.8 million in funding for Halagonia.DP's turbine of choice is made by Quebec-based Andritz Hydro and, according to the company, has been used in Scotland since November 2016. Last year, DP said its $117-million project in Nova Scotia is expected to deploy six seabed-mounted turbines to produce a total of nine megawatts.Big Moon Canada Corp., a new berth holder that has tested technology elsewhere in the Bay of Fundy in recent years and, according to FORCE, plans to deploy its custom-bu...
cryptocurrency, Ethereum, Innovation, Som Seif

Bay Street investor Som Seif has lost money in cryptocurrency, but not faith

Article content continuedThen there are blockchain-technology investment firms like Galaxy Digital Holdings, run by ex-hedge fund manager Mike Novogratz of Fortress Investment Group fame, and listed on the Toronto Stock Exchange (TSX). Galaxy, unlike Ether Capital, has an array of businesses ranging from trading to advisory services.Mike Novogratz of Fortress Investment Group. Photo by Getty Images/Getty Images for Friends of Hudson River ParkEther Capital's value proposition, according to Coolican, remains the same today as when it launched in 2018. If you're an average retail investor who wants to gain exposure to blockchain technology, but you don't really know what Ethereum is, or how to buy Ether, buy Ether Capital's stock, instead.From the get-go, Seif brought in Bay Street heavyw...
Amazon.com Inc., Innovation

EU charges Amazon with distorting online retail competition

Article contentBRUSSELS — EU regulators charged Amazon on Tuesday with distorting competition in online retail and opened a second investigation into its business practices, as antitrust chief Margrethe Vestager takes aim at another US technology giant.The European Commission has been investigating Amazon's dual role – as a marketplace for merchants and also a rival seller – since July last year, triggered by complaints from traders about the company's practices.It has also looked into how Amazon uses competitively sensitive merchant data to select winners for its “buy box,” which allows customers to add items from a specific retailer directly into their shopping carts.“We must ensure that dual-role platforms with market power, such as Amazon, do not distort competition,” said Vestager,...
Alibaba Group Holding Ltd, ant group, Innovation, Investing, Jack Ma

Shanghai stock exchange pulls Ant Group’s $37 billion IPO

Article contentHONG KONG — The Shanghai stock exchange has suspended Ant Group's A-share IPO on its STAR Market, which was initially set for Thursday, the Chinese exchange said on Tuesday.Ant Group has recently reported to China's securities regulator about the significant changes in the regulatory environment, the exchange said, and this major development might make Ant Group fall short of listing requirements on information disclosure, the Shanghai stock exchange said in a statement.Ant was set to go public in Hong Kong and Shanghai on Thursday after raising about US$37 billion, including the greenshoe option of the domestic leg, in a record public sale of shares.The Hong Kong stock exchange declined to comment on the Shanghai stock exchange's suspension on the Hong Kong leg of the An...
coronavirus, Innovation

A real estate executive and a microbiologist have teamed up to try to increase rapid COVID-19 testing in Canada

Article content continuedA Dartmouth, NS-based company, Sona Nanotech, began developing a rapid COVID-19 test back in February. Eight months later, the firm—whose technology promises results in 15 minutes—is still waiting for Health Canada approval.Canada was well positioned to lead in rapid COVID-19 testing early in the pandemic, said Sahir Khan, executive vice-president at the Institute of Fiscal Studies and Democracy, a University of Ottawa think tank. “I was getting information from US think tanks on the state of vaccines and quick tests. The sense was that nobody else was doing this," said Khan.In the following months, however, the government has attracted criticism for falling behind on approving rapid tests and placing orders to buy and distribute them. Health Canada didn't appro...
Innovation, Jim Ryan, Personal Tech, PlayStation 5, Post Arcade, Sony Interactive Entertainment Inc.

Global PlayStation boss Jim Ryan on PlayStation 5, COVID-19 and community

Article content continuedPA:How do you transition an audience from one platform with millions of users to a new platform without bleeding any of your customers?JR:Yeah, at a business level that's one of our big challenges. I think we've clearly got to come up with good reasons for them to not walk away, or to spend $500 or $600 on a new PlayStation when in many cases they're really happy with their current PlayStation.I think that's where this issue of community comes in. The community is very powerful. If we can achieve a certain tipping point, and get the key members of the community to make a change, the rest will follow. And we think that will be the case here. We know we're off to a great start with pre-orders, and we know the momentum is going to be great through the rest of this ...
Innovation

Facebook revenue beats estimates

Article contentFacebook Inc beat analysts' estimates for quarterly revenue on Thursday, as more businesses used its digital advertising tools during a pandemic-induced surge in online traffic.Total revenue, which primarily consists of ad sales, rose to US$21.47 billion from US$17.65 billion in the third quarter ended Sept. 30, beating analysts' estimates of US$19.82 billion, according to IBES data from Refinitiv.© Thomson Reuters 2020 financialpost.com
Innovation, Retail & Marketing

Canadian mall giant collected 5 million images of shoppers through embedded cameras in info kiosks, say privacy watchdogs. These are the malls

Article content continued“Shoppers had no reason to expect their image was being collected by an inconspicuous camera, or that it would be used, with facial recognition technology, for analysis,” says Privacy Commissioner of Canada Daniel Therrien. “The lack of meaningful consent was particularly concerning given the sensitivity of biometric data, which is a unique and permanent characteristic of our body and a key to our identity."The mall giant defended the practice, saying it alerted shoppers by posting decals on mall entry doors that referred to their privacy policy. But the commissioners determined this insufficient. Shoppers were directed by the stickers to visit guest services to obtain a copy of the Cadillac Fairview's privacy policy, but when investigators asked a guest service...