Thursday Tech Wrap: Apple, Google, Facebook (Forbes)

Photographer: Daniel Acker/Bloomberg News.

Tim Cook has said that Apple will start a $1 billion fund to promote advanced manufacturing jobs in the United States. The iPhone maker’s chief executive revealed the news on CNBC’s “Mad Money” and said that Apple would announce its first investment in a company later this month.

“If we can create many manufacturing jobs, those manufacturing jobs create more jobs around them because you have a service industry that builds up around them,” Cook added. New York Times technology writer Mike Isaac tweeted, “someone convince me this isn’t pure PR/presidential buttering up.” Bringing manufacturing jobs back to the U.S. was a major part of U.S. President Donald Trump’s mandate coming into office. 

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Facebook reported another blowout quarter on Wednesday, Forbes’ Kathleen Chaykowski reports. Sales beat analysts’ estimates, rising 49% on an annual basis to $8 billion. It’s the eighth quarter in a row that Facebook has surpassed Wall Street forecasts. Mobile ad revenue represented a whopping 85% of total ad sales in the quarter, up from 82% last year.

The company earned $3.1 billion in profit for the quarter, up 76% from last year. Facebook’s shares fell in after-hours trading on Wednesday and were down again on Thursday after the company warned that expenses would rise “meaningfully” in 2017, adding that the volume of ads that it could show users wouldn’t drive sales as much as it did before. 

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Google says it has taken action to protect users of Gmail against a phishing email impersonating Google Docs, and “disabled offending accounts.” The large-scale attack saw Gmail users getting a message in their inbox from a trusted contact, asking them to open a Google Doc. “As soon as the recipient clicks through, they are asked to give away permissions to an app imitating Google Docs, namely the ability to read, send, delete and manage email, as well as manage contacts,” writes Forbes cyber security reporter Tom Fox-Brewster.

“For the user, once they’ve clicked through, nothing happens. But the attacker is effectively given access to people’s Gmail… It’s remarkably sophisticated and spreading like wildfire.” Google has said 0.1% of its users were affected by the attack, suggesting as many as 1 million people may have been impacted. “We’ve removed the fake pages, pushed updates through Safe Browsing, and our abuse team is working to prevent this kind of spoofing from happening again,” the company said.

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Indonesian on-demand motorbike startup Go-Jek has raised $1.2 billion in a round led by Chinese Internet giant Tencent, which values the startup at around $3 billion, according to TechCrunch, which cited two sources close to the company.

Go-Jeck says it has 200,000 drivers in Indonesia, who are able to zip around the congested traffic that’s native to metropolises like Jakarta. Rivals Uber and Grab have also introduced motorbike taxies in Indonesia to compete. Indonesia is one of the most heavily-populated nations in Asia, with nearly 260 million inhabitants.

Source: SANS ISC SecNewsFeed @ May 4, 2017 at 09:24AM

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