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Cord Cutting Accelerates as Pay TV Loses 1 Million Customers in Largest-Ever Quarterly Loss
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Cable and satellite TV providers lost about 1.1 million subscribers during the July to September period, the largest quarterly loss ever — and the first time the industry lost more than 1 million subscribers in a quarter, according to media and telecommunications research firm MoffettNathanson. From a report: After Dish Network reported its third-quarter earnings […]

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SF fines two landords $2.25 million for illegal Airbnb rentals
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San Francisco City Attorney Dennis Herrera is laying down the law — literally. Today, Herrera’s office announced a $2.25 million settlement with two property owners in the city. The landlords, Darren and Valerie Lee, ran “an illicit hotel chain during San Francisco’s housing crisis rather than lawfully renting the units to residential tenants,” Herrera’s office […]

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Cathay Pacific Data Breach Hits 9.4 Million People
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An anonymous reader quotes a report from ZDNet: Hong Kong-based airline Cathay Pacific informed the Hong Kong stock exchange of a data breach late on Wednesday night that could affect 9.4 million people. In a notice, the airline said it would reach out to members of its Marco Polo Club, Asia Miles, and registered users. […]

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Here’s how to see if you’re among the 30 million compromised Facebook users
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Enlarge (credit: Getty Images | NurPhoto ) The attackers who carried out the mass hack that Facebook disclosed two weeks ago obtained user account data belonging to as many as 30 million users, the social network said on Friday. Some of that data—including phone numbers, email addresses, birth dates, searches, location check-ins, and the types […]

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Why would Exxon donate $1 million to a carbon tax initiative?
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Enlarge / MIDLAND, Tex. – JANUARY 20: A pumpjack sits on the outskirts of town at dawn in the Permian Basin oil field on January 21, 2016 in the oil town of Midland, Texas. (credit: Spencer Platt/Getty Images) On Wednesday, The Wall Street Journal reported that ExxonMobil had committed $1 million to a Republican-led carbon tax […]

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Former South Korean President Sentenced To 15 Years In Prison For Accepting $5.4 Million In Bribes From Samsung
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South Korea’s former president, Lee Myung-bak, was sentenced Friday to 15 years in prison for bribery and embezzlement. He will also have to pay $11.5 million in fines. NPR reports: Lee is the second South Korean leader convicted this year of charges of corruption and the fourth former president to be arrested for corruption since […]

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Honda Will Use GM's Self-Driving Technology, Invest $750 Million In Cruise Startup
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Honda announced today that it is investing $750 million in Cruise, the self-driving car startup whose majority shareholder is General Motors. The automotive company is also planning to invest $2 billion over the next 12 years to develop and manufacture self-driving cars based on Cruise’s software. Ars Technica reports: Honda has been working on autonomous […]

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Facebook breach put data of 50 million users at risk     – CNET
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The vulnerability had to do with the social network’s “view as” feature.

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The Family raises $17.4 million to support European startups
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The Family has always been an ambitious startup accelerator. But it has always felt like the company never had enough money to grow as quickly as it wanted. The Family is raising a new $17.4 million funding round (€15 million). Private banking and asset management group LGT Capital Partners is leading the round, with HummingBird […]

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