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Facebook’s decision-review body to take ‘weeks’ longer over Trump ban call

Facebook’s self-styled and handpicked ‘Oversight Board’ will make a decision on whether or not to overturn an indefinite suspension of the account of former president Donald Trump within “weeks”, it said in a brief update statement on the matter today.
The high profile case appears to have attracted major public interest, with the FOB tweeting that it’s received more than 9,000 responses so far to its earlier request for public feedback.
It added that its commitment to “carefully reviewing all comments” after an earlier extension of the deadline for feedback is responsible for the extension of the case timeline.

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Hadrian is building the factories of the future for rocket ships and advanced manufacturing

If the eight person team behind the new startup Hadrian has their way, they’ll have transformed the manufacturing industry within the next decade.
At least, that’s the goal for the new San Francisco-based startup, founded only last year, which has set its sights on building out a new model for advanced manufacturing to enable the satellite, space ship, and advanced energy technology companies to build the future they envision better and faster.
“We view our job as to provide the world’s most efficient space and defense component factory,” said Hadrian founder, Chris Power.
Initially, the company is …

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Dear Sophie: How can I get an H-1B without the lottery?

Sophie Alcorn
Contributor

Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives.

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Dear Sophie: Help! My H-1B wasn’t chosen!
Dear Sophie: What should I know about prenups and getting a green card through marriage?

Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies.
“Your questions are vital to the spread of knowledge …

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FBI launches operation to remove backdoors from hacked Microsoft Exchange servers

A court in Houston has authorized an FBI operation to “copy and remove” backdoors from hundreds of Microsoft Exchange email servers in the United States, months after hackers used four previously undiscovered vulnerabilities to attack thousands of networks.
The Justice Department announced the operation on Tuesday, which it described as “successful.”
In March, Microsoft discovered a new China state-sponsored hacking group — Hafnium — targeting Exchange servers run from company networks. The four vulnerabilities when chained together allowed the hackers to break into a vulnerable Exchange server and steal its contents. Microsoft fixed the vulnerabilities but the patches did not close the …

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Republican antitrust bill would block all Big Tech acquisitions

There are about to be a lot of antitrust bills taking aim at Big Tech, and here’s one more. Senator Josh Hawley (R-MO) rolled out a new bill this week that would take some severe measures to rein in Big Tech’s power, blocking mergers and acquisitions outright.
The “Trust-Busting for the Twenty-First Century Act” would ban any acquisitions by companies with a market cap of more than $100 billion, including vertical mergers. The bill also proposes changes that would dramatically heighten the financial pain for companies caught engaging in anti-competitive behavior, forcing any company that loses an antirust suit …

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Mortgage is suddenly sexy as SoftBank pumps $500M in Better.com at $6B valuation

Digital mortgage lender Better.com has raised a $500 million round from Japanese investment conglomerate SoftBank that values the company at $6 billion.
The financing is notable for a few reasons. For one, that new $6 billion valuation,  is up 50% from the $4 billion it was valued at last November when it raised $200 million in Series D financing. It’s also up tenfold from its $600 million valuation at the time of its Series C raise in August 2019.
Secondly, it’s further proof that mortgage – a traditionally “unsexy” industry that has long been in need of disruption – is officially hot. For all its controversy, when …

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After Pandemic, Shrinking Need for Office Space Could Crush Landlords

Roughly 17.3 percent of office space in Manhattan is available for lease, the most in at least three decades. Asking rents have dropped to just over $74 a square foot, from nearly $82 at the beginning of 2020, according to the real estate services company Newmark. Elsewhere, asking rents are largely flat from a year ago, including in Boston and Houston, but have climbed slightly in Chicago.The Japanese clothing brand Uniqlo, whose United States headquarters are in Manhattan’s SoHo neighborhood, recently relocated to another building nearby, an open layout with tables designed for 130 people who will come into the office only a …

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Andium is watching oil fields for emissions and just got money from the biggest oil companies to do it

Andium, a company focused on remote field monitoring of assets including oil and gas wells has just raised some not-insignificant cash in an investment round led by OGCI Climate Investments, a firm formed by the largest oil companies in the world.
Launched in 2014 to “support” the targets laid out in the Paris Agreement to limit global greenhouse gas emissions, OGCI has invested in 21 projects to date.
With Andium, the oil majors join existing investors including Tom Miglis, the former chief investment officer of Citadel Securities and Talis Capital in backing a company developing technologies for natural gas flare monitoring, tank …

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Facebook’s tardy disclosure of breach timing raises GDPR compliance questions

The question of whether Facebook will face any regulatory sanction over the latest massive historical platform privacy fail to come to light remains unclear. But the timeline of the incident looks increasingly awkward for the tech giant.
While it initially sought to play down the data breach revelations published by Business Insider at the weekend by suggesting that information like people’s birth dates and phone numbers was “old”, in a blog post late yesterday the tech giant finally revealed that the data in question had in fact been scraped from its platform by malicious actors “in 2019” and “prior to …

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H&M and Other Brands Face Backlash From Chinese Consumers

Faced with accusations that it was profiting from the forced labor of Uyghur people in the Chinese territory of Xinjiang, the H&M Group — the world’s second-largest clothing retailer — promised last year to stop buying cotton from the region.But last month, H&M confronted a new outcry, this time from Chinese consumers who seized on the company’s renouncement of the cotton as an attack on China. Social media filled with angry demands for a boycott, urged on by the government. Global brands like H&M risked alienating a country of 1.4 billion people.The furor underscored how international …

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