SofiaWW writes: Microsoft has announced that the next subscription-free version of its Office suite will launch later this year. A commercial preview of Office LTSC 2024 will be available from next month, with a full launch scheduled for later in the year.

The Office Long-Term Servicing Channel is supported for five years, and it holds great appeal for the many businesses that are not keen on the idea of software subscriptions. There will also be a consumer-focused version of the suite, Office 2024, available via a traditional 'one-time purchase' model. Further reading: Microsoft Really Doesn't Want You To Buy Office 2019 (From 2019).

Over 15,000 Roku customers were hacked and used to make fraudulent purchases of hardware and streaming subscriptions. According to BleepingComputer, the threat actors were "selling the stolen accounts for as little as $0.50 per account, allowing purchasers to use stored credit cards to make illegal purchases." From the report: On Friday, Roku first disclosed the data breach, warning that 15,363 customer accounts were hacked in a credential stuffing attack. A credential stuffing attack is when threat actors collect credentials exposed in data breaches and then attempt to use them to log in to other sites, in this case, Roku.com. The company says that once an account was breached, it allowed threat actors to change the information on the account, including passwords, email addresses, and shipping addresses. This effectively locked a user out of the account, allowing the threat actors to make purchases using stored credit card information without the legitimate account holder receiving order confirmation emails.

"It appears likely that the same username/password combinations had been used as login information for such third-party services as well as certain individual Roku accounts," reads the data breach notice. "As a result, unauthorized actors were able to obtain login information from third-party sources and then use it to access certain individual Roku accounts. "After gaining access, they then changed the Roku login information for the affected individual Roku accounts, and, in a limited number of cases, attempted to purchase streaming subscriptions." Roku says that it secured the impacted accounts and forced a password reset upon detecting the incident. Additionally, the platform's security team investigated for any charges due to unauthorized purchases performed by the hackers and took steps to cancel the relevant subscriptions and refund the account holders.

A researcher told BleepingComputer last week that the threat actors have been using a Roku config to perform credential stuffing attacks for months, bypassing brute force attack protections and captchas by using specific URLs and rotating through lists of proxy servers. Successfully hacked accounts are then sold on stolen account marketplaces for as little as 50 cents, as seen below where 439 accounts are being sold. The seller of these accounts provides information on how to change information on the account to make fraudulent purchases. Those who purchase the stolen accounts hijack them with their own information and use stored credit cards to purchase cameras, remotes, soundbars, light strips, and streaming boxes. After making their purchases, it is common for them to share screenshots of redacted order confirmation emails on Telegram channels associated with the stolen account marketplaces.

An article in Inc notes a "wild projection" in Reddit's SEC filing that Reddit's global market opportunity by 2027 is $1.4 trillion." Some of the numbers lead back to a single individual: Sam Altman. The co-founder and chief executive of ChatGPT-maker OpenAI owns an 8.7 percent stake in Reddit, more than its co-founder and CEO, Steve Huffman, who owns 3.3 percent... Altman, through various funds and holding companies he owns or manages, controls more than a million shares of Reddit at $60 million in aggregate purchase price — and holds more than 9 percent of voting rights...

Discussing Reddit's future, financial analyst and journalist Herb Greenberg recently told CNBC, "This is an AI play."
But the senior investing editor for Kiplinger.com argues that retail investors "may want to hold tight before rushing out to buy the Reddit IPO." While IPO stocks tend to have strong first-day showings, returns for the first year are generally weak, says the team of analysts at Trivariate Research, a market research firm based in New York. And since 2020, "the average IPO has lagged its industry average by 30% over the subsequent three years following its first closing price..."

Other commenters have noted that Reddit's allotment of shares to select Redditors could lower demand on the first day of trading, which would work against any IPO pop.
"Over the past few years, there have been a bunch of IPOs in the U.S. in which overhyped names enjoyed flashy stock-market debuts only to drop sharply soon after," notes the Street. Notable examples include Coinbase, which plummeted by almost 90% after its debut, Robinhood, still down 53% since its IPO, and Rivian, down over 91% since its debut. However, it's crucial to note that all of these IPOs occurred in 2021 amid market euphoria fueled by low interest rates, significant economic stimulus, and the lingering effects of the Covid-19 pandemic. Although the current macroeconomic landscape differs from three years ago, valuations of tech and growth stocks remain stretched.
Kiplingers.com concludes it "boils down to your own personal investing goals and risk tolerance. If you do decide to buy Reddit stock when it first begins trading, do so in a small amount that you can afford to lose."

But they also cite analysis from David Trainer, CEO of New Constructs, a research firm powered by artificial intelligence. "Reddit's IPO marks the return of the junk IPO," Trainer wrote in Forbes. "[The valuation] implies that Reddit will grow its user base to 26 times current levels, which would be nearly five times the size of [Snapchat-maker] Snap, and a highly unlikely feat. Reddit looks overvalued, and we think investors should pass on this IPO."

Trainer writes: [T]he company has never been profitable and should not be a publicly traded company... I think the company may never monetize its platform without angering its users and the entire premise of Reddit is user-generated content. This business model is inescapably built on a catch-22: make money or please users... Reddit looks overvalued, and I think investors should pass on this IPO.
Buyers and analysts told the site Marketing Brew "that they see the platform as nice-to-have, but that it is not an essential part of their media plans, like Meta or Google are." "They've always been solidly in the second or third tier of social networks," alongside Snap, Pinterest, and X, Brian Wieser, a former GroupM exec who's now author of the industry newsletter Madison and Wall, told Marketing Brew.
Yet Trainer notes that "98% of Reddit's revenue in 2023 came from third-party advertising on the site and 28% of all revenue came from ten customers," and "Reddit's cost of revenue, sales & marketing, general & administrative, and research & development costs were 117% of revenue in 2023."

Trainer concludes "Reddit is nowhere near breakeven. Reddit is an unprofitable social media company fighting for users."

Bloomberg adds that the subreddit r/WallStreetBets "has threatened to bet against the stock, with many people noting that the company still loses money two decades into its existence. (Reddit lost $90.8 million last year, down from $158.6 million the year before.)" Some have complained that the invitation to invest fails to make up for the unpaid labor they've invested making the site work... In 2021 the platform's WallStreetBets forum ignited a meme-stock frenzy, propelling skyward the stocks of nostalgic but struggling companies like GameStop Corp. and AMC Entertainment Holdings Inc. and sending shockwaves through the financial industry... When it goes public, the platform that invented meme stocks runs the risk of becoming one itself.

Reddit noted the possibility as a risk in its IPO filing. "Given the broad awareness and brand recognition of Reddit, including as a result of the popularity of r/wallstreetbets among retail investors," the company warned that its stock could "experience extreme volatility ... which could cause you to lose all or part of your investment if you are unable to sell your shares at or above the initial offering price."

Users on WallStreetBets got a kick out of the fact that the company listed the forum as a risk factor, posting about it with a sly smiling emoji...
Meanwhile, reports that marketers are infiltrating subreddits have been confirmed. Over 200 businesses have "integrated Reddit Pro into their digital strategies," reports Search Engine Land, including "well-known names such as Taco Bell, the NFL, and The Wall Street Journal...

"During the initial alpha testing phase with approximately 20 businesses, Reddit reported its Pro partners, on average, generated 11 additional posts and comments per month."

Nikon, in a press statement: Nikon hereby announces its entry into an agreement to acquire 100% of the outstanding membership interests of RED.com, LLC (RED) whereby RED will become a wholly-owned subsidiary of Nikon, pursuant to a Membership Interest Purchase Agreement with Mr. James Jannard, its founder, and Mr. Jarred Land, its current President, subject to the satisfaction of certain closing conditions thereunder.

Since its establishment in 2005, RED has been at the forefront of digital cinema cameras, introducing industry-defining products such as the original RED ONE 4K to the cutting-edge V-RAPTOR [X] with its proprietary RAW compression technology. RED's contributions to the film industry have not only earned it an Academy Award but have also made it the camera of choice for numerous Hollywood productions, celebrated by directors and cinematographers worldwide for its commitment to innovation and image quality optimized for the highest levels of filmmaking and video production.

This agreement was reached as a result of the mutual desires of Nikon and RED to meet the customers' needs and offer exceptional user experiences that exceed expectations, merging the strengths of both companies. Nikon's expertise in product development, exceptional reliability, and know-how in image processing, as well as optical technology and user interface along with RED's knowledge in cinema cameras, including unique image compression technology and color science, will enable the development of distinctive products in the professional digital cinema camera market.

An anonymous reader shared this report from Electrek: Renewable developer Clearway Energy Group has completed a 452-megawatt (MW) solar farm in West Texas — and it's huge... It's built on around 5,000 acres of land and features over 1.1 million solar panels... Texas Solar Nova will generate enough electricity to power over 190,000 homes annually.

It's got an offtake agreement with telecoms giant Verizon, and agreements with auto component maker Toyota Boshoku and Swedish bearing and seal maker SKF to purchase renewable energy certificates (RECs). Both Toyota Boshoku and SKF have 12-year agreements for RECs.
The $660 million facility will "contribute significantly to the local tax base," the company said in a statement, "starting with an estimated $5.4 million in property taxes and wages to be paid in the first year."

An anonymous reader shares a report: When Google Wallet launched in 2022, Google kept the "GPay" app around in a handful of countries. The company announced today that the old Google Pay app is soon going away in the US. That app, which appears as "GPay" on your Android homescreen, was Google's previous vision for mobile payments and finance.

It was "designed around your relationships with people and businesses" with conversation-like threads serving as a purchase history, while keeping track of your spending was another big aspect. GPay will stop working in the US from June 4, 2024. It will remain available for users in India and Singapore as Google continues to "build for the unique needs in those countries." As part of the app going away, Google is shutting down peer-to-peer payments that let you send, request, or receive money from others in the US. Google's P2P offering never really took off.

Sarah Perez reports via TechCrunch: The CEO of meditation app Insight Timer, Christopher Plowman, is frustrated. He doesn't think the teachers who leverage his app's marketplace to reach their students should have to share 30% of their income with Apple -- its commission on in-app purchases -- and for the past 12 months, Apple had also agreed. After Apple loosened its rules around in-app donations in 2022, Insight Timer took advantage of the option to adjust a digital donations feature that allowed Insight Timers' teachers to collect "tips" from their user profiles and during live events. Apple reviewed the app and approved its release on the App Store. Now the tech giant has changed its mind -- it wants to collect a commission from this content, and Insight Timer had no choice but to comply or have its iOS business shut down, Plowman says. [...]

In section 3.2.1 of Apple's App Review guidelines, the company explains that apps can route around Apple's in-app purchase if the app enables individual users to "give a monetary gift to another individual" and "100% of the funds" go to the receiver of the gift. Insight Timer capitalized on this option to allow its users to tip meditation teachers, healers, musicians, and others who use its app to teach classes on meditation, managing stress, finding happiness or spiritual enlightenment, and more. Insight Timer implemented the feature using Stripe as the payment provider on the back end, as the rule permits. Users can opt to donate funds to the teacher, but they don't have to. Insight Timer's main business is selling premium subscriptions to its app, which offer additional features, like offline listening, journaling, and unlimited access to its courses. Fifty percent of this revenue is shared with the teachers, so they don't have to rely on donations to fund their work. During the time the commission-free donations feature was live, Insight Timer's users donated roughly $100,000 per month to the app's teachers, Plowman says.

Apple appeared to have blessed this use case, as the tech giant went on to approve 47 more updates to Insight Timer's app over the course of a 12-month period. When a question arose, Insight Timer explained that these were donations -- it doesn't take a cut of that revenue -- and Apple would approve the app. Late last year, those approvals stopped. An app reviewer told Insight Timer that these donations were no longer considered monetary gifts -- they were now "digital content." That meant they were also now subject to Apple's commissions. This decision doesn't hurt Insight Timer's bottom line, as the app's main business is subscriptions. Instead, it hurts the community of teachers who generate additional funds via users' donations. Now, with Apple demanding 30% of that revenue, the teachers are getting a 30% pay cut overnight, so to speak.

Plowman says he went back and forth with Apple over this feature, trying to understand why the donations option that Apple had previously allowed -- 47 times! -- was now subject to commission. Apple compromised and said it would allow the donations' link on teachers' profiles to be subject to its commission-free rules, but all other donations -- from live events, from meditations themselves -- had to be commissioned. It wouldn't allow those links to point to the donation link on the teachers' profiles, either. "And I was like, well, what's the point of building an ice cream stand across the road if you won't let the customers cross the road to buy the ice cream?" Plowman argued. In the end, the two parties didn't reach any sort of resolution. Plowman was given until February to comply with Apple's decision, or his business would be shut out of the App Store.

An anonymous reader shares a report: For some Apple Vision Pro buyers, the honeymoon is already over. It's no coincidence that there's been an uptick on social media of Vision Pro owners saying they're returning their $3,500 headsets in the past few days. Apple allows you to return any product within 14 days of purchase -- and for the first wave of Vision Pro buyers, we're right about at that point.

Comfort is among the most cited reasons for returns. People have said the headset gives them headaches and triggers motion sickness. The weight of the device, and the fact that most of it is front-loaded, has been another complaint. Parker Ortolani, The Verge's product manager, told me that he thought using the device led to a burst blood vessel in his eye. At least one other person noted they had a similar experience with redness. (To be fair, VR headset users have anecdotally reported dry eyes and redness for years.)

An anonymous reader quotes a report from The Verge: The US government has committed $42 million to further the development of the 5G Open RAN (O-RAN) standard that would allow wireless providers to mix and match cellular hardware and software, opening up a bigger market for third-party equipment that's cheaper and interoperable. The National Telecommunications and Information Administration (NTIA) grant would establish a Dallas O-RAN testing center to prove the standard's viability as a way to head off Huawei's steady cruise toward a global cellular network hardware monopoly.

Verizon global network and technology president Joe Russo promoted the funding as a way to achieve "faster innovation in an open environment." To achieve the standard's goals, AT&T vice president of RAN technology Robert Soni says that AT&T and Verizon have formed the Acceleration of Compatibility and Commercialization for Open RAN Deployments Consortium (ACCoRD), which includes a grab bag of wireless technology companies like Ericsson, Nokia, Samsung, Dell, Intel, Broadcom, and Rakuten. Japanese wireless carrier Rakuten formed as the first O-RAN network in 2020. The company's then CEO, Tareq Amin, told The Verge's Nilay Patel in 2022 that Open RAN would enable low-cost network build-outs using smaller equipment rather than massive towers -- which has long been part of the promise of 5G.

But O-RAN is about more than that; establishing interoperability means companies like Verizon and AT&T wouldn't be forced to buy all of their hardware from a single company to create a functional network. For the rest of us, that means faster build-outs and "more agile networks," according to Rakuten. In the US, Dish has been working on its own O-RAN network, under the name Project Genesis. The 5G network was creaky and unreliable when former Verge staffer Mitchell Clarke tried it out in Las Vegas in 2022, but the company said in June last year that it had made its goal of covering 70 percent of the US population. Dish has struggled to become the next big cell provider in the US, though -- leading satellite communications company EchoStar, which spun off from Dish in 2008, to purchase the company in January. The Washington Post writes that O-RAN "is Washington's anointed champion to try to unseat the Chinese tech giant Huawei Technologies" as the world's biggest supplier of cellular infrastructure gear.

According to the Post, Biden has emphasized the importance of O-RAN in conversations with international leaders over the past few years. Additionally, it notes that Congress along with the NTIA have dedicated approximately $2 billion to support the development of this standard.

Abstract of a paper [PDF] the on pre-print server Arxiv: Citations are widely considered in scientists' evaluation. As such, scientists may be incentivized to inflate their citation counts. While previous literature has examined self-citations and citation cartels, it remains unclear whether scientists can purchase citations. Here, we compile a dataset of about 1.6 million profiles on Google Scholar to examine instances of citation fraud on the platform. We survey faculty at highly-ranked universities, and confirm that Google Scholar is widely used when evaluating scientists. Intrigued by a citationboosting service that we unravelled during our investigation, we contacted the service while undercover as a fictional author, and managed to purchase 50 citations. These findings provide conclusive evidence that citations can be bought in bulk, and highlight the need to look beyond citation counts.

Shell once announced it would build 48 new Hydrogen fueling stations for light-duty vehicles in California, according to the blog Hydrogen Insights. But then in September, Shell told the site they'd "discontinued" that plan.

And last month the Inside EVs blog noted that in all of 2023, just 2,968 hydrogen cars were sold "in the United States — and by that, we mean in California, where the series-produced models are available." That's according to data from the Hydrogen Fuel Cell Partnership — admittedly a 10% increase from 2022's sales figure of 2,707 — but with both numbers lower than 2021's sales of 3,341. "The overall cumulative sales of hydrogen fuel cell vehicles exceeded 17,940 as of the end of the quarter (not counting vehicles removed from use), which is 20% more than a year ago."

Then this week Shell said it will "no longer be operating" any light-duty hydrogen fuelling stations in the U.S., and will close all seven of its California pumping stations immediately. (Three in San Francisco, one in Berkeley, one in San Jose, and two in the Sacramento area.) Inside EVs says Shell's move "represents another blow to the struggling hydrogen car market in the only state where the fuel is widely available at all." Shell had, until recently, operated seven of the 55 total retail hydrogen stations in California, per the Hydrogen Fuel Cell Partnership (H2FCP). That makes this a blow, but not apocalyptic news for the (small) hydrogen community....

In the letter announcing the closure, Shell Hydrogen Vice President Andrew Beard said they were shutting them down "due to hydrogen supply complications and other external market factors." It's not hard to see what Beard is referencing here... Hydrogen Insight reports that this shortage has been disrupting stations since August 13...

Some are also down for repairs, as many hydrogen stations suffer from serious reliability issues. Iwatani, a Japanese gas company that is one of the two largest names in American hydrogen filling stations, is currently suing the company that provided the core technology for its stations. In a court filing viewed by Hydrogen Insight, Iwatini alleges that its provider did not test its equipment in a real-world commercial scenario, hid defects, and misled the company. It is, in short, a big mess.

All of this makes the future of hydrogen fuel-cell vehicles in the United States even more uncertain. The technology has struggled to catch on, as the stations and their fuel remain expensive. Though hydrogen car manufacturers usually include a large amount of free fuel in the purchase of a vehicle, once that runs out consumers are left with eye-watering prices from stations that are often broken, out of fuel, or swarmed with long lines. It's why used hydrogen cars are so cheap, and why they still aren't a good deal.

Few companies can make a better case for it than Shell, though, as the cheapest way to produce hydrogen involves a lot of natural gas. Its proximity to the fossil-fuel industry was supposed to make it cheaper, and provide incentive for robust fueling infrastructure. That hasn't played out, though, and one of the largest oil giants is throwing in the towel. If even a fossil giant like Shell can't justify investing in the future of light-duty hydrogen infrastructure, we're not sure who can.

An anonymous reader quotes a report from the San Francisco Standard: California would ban all plastic shopping bags in 2026 under a new bill announced Thursday in the state Legislature. California already bans thin plastic shopping bags at grocery stores and other shops, but shoppers at checkout can purchase bags made with a thicker plastic that purportedly makes them reusable and recyclable. Democratic state Sen. Catherine Blakespear said people are not reusing or recycling those bags. She points to a state study that found the amount of plastic shopping bags trashed per person grew from 8 pounds per year in 2004 to 11 pounds per year in 2021. "It shows that the plastic bag ban that we passed in this state in 2014 did not reduce the overall use of plastic. It actually resulted in a substantial increase in plastic," Blakespear, a Democrat from Encinitas, said Thursday. "We are literally choking our planet with plastic waste."

While California's bag ban would apply statewide, it would only end up impacting about half the state's population, according to Mark Murray, lead advocate for the environmental advocacy group Californians Against Waste. That's because most of the state's major cities already ban these types of thicker plastic bags. But a state law passed in 2014 and approved by voters in a 2016 referendum bans cities from passing new laws restricting plastic bag use. If the Legislature passes this bill, it would be up to Democratic Gov. Gavin Newsom to decide whether to sign it into law. As San Francisco's mayor in 2007, Newsom signed the nation's first plastic bag ban.

It is the end of an era for Big Oil in California, as the most populous U.S. state divorces itself from fossil fuels in its fight against climate change. From a report: California's oil output a century ago amounted to it being the fourth-largest crude producer in the U.S., and spawned hundreds of oil drillers, including some of the largest still in existence. Oil led to its car culture of iconic highways, drive-in theaters, banks and restaurants that endures today. On Friday, however, the marriage will officially end. The two largest U.S. oil producers, Exxon Mobil and Chevron will formally disclose a combined $5 billion writedown of California assets when they report fourth-quarter results.

"They are definitely getting a divorce," said Jamie Court, president of advocacy group Consumer Watchdog, which said the companies long ago stopped investing in California production, and now want to hive off their old wells there. "They've been separated for more than a decade, now they are just signing the papers," he said. Exxon Mobil last year exited onshore production in the state, ending a 25-year-long partnership with Shell when they sold their joint-venture properties. The state's regulatory environment has impeded efforts to restart offshore production, Exxon said this month, leading to an exit that includes financing a Texas company's purchase of its offshore properties. The No.1 U.S. oil producer's asset writedown will cost about $2.5 billion and officially end five decades of oil production off the coast of Southern California.

For the first time, Microsoft's Q2 earnings report includes the impact of the company's $68.7 billion Activision Blizzard acquisition. "While Microsoft isn't breaking out specific numbers, it says that its overall gaming revenue increased by 49 percent, 44 points of which came from the 'net impact' of the Activision deal," reports Engadget. From the report: Microsoft's More Personal Computing division, which includes Xbox, Surface and Windows, was up 19 percent ($16.9 billion) since last year. The company says the Activision deal accounted for 15 points of that increase. It's a huge change for a division that's been severely impacted by dwindling PC sales (which affects Windows licenses and Surfaces) and struggling Xbox consoles. PC device revenues were down 9 percent for the quarter, while Xbox hardware sales were up 3 percent. Xbox content and services revenue is also up 61 percent since last year, 55 points of which comes from Activision. Overall, Microsoft reported revenues of $62 billion, up from $52.7 billion a year earlier. Microsoft's cloud division posted revenue growth of 28%, with its intelligent-cloud revenue up 20% to $25.9 billion. Meanwhile, its productivity and business-processes segment generated $19.2 billion.

The National Security Agency buys certain logs related to Americans' domestic internet activities from commercial data brokers, according to an unclassified letter by the agency. The New York Times: The letter [PDF], addressed to a Democratic senator and obtained by The New York Times, offered few details about the nature of the data other than to stress that it did not include the content of internet communications. Still, the revelation is the latest disclosure to bring to the fore a legal gray zone: Intelligence and law enforcement agencies sometimes purchase potentially sensitive and revealing domestic data from brokers that would require a court order to acquire directly.

It comes as the Federal Trade Commission has started cracking down on companies that trade in personal location data that was gathered from smartphone apps and sold without people's knowledge and consent about where it would end up and for what purpose it would be used. In a letter to the director of national intelligence dated Thursday, the senator, Ron Wyden, Democrat of Oregon, argued that "internet metadata" -- logs showing when two computers have communicated, but not the content of any message -- "can be equally sensitive" as the location data the F.T.C. is targeting. He urged intelligence agencies to stop buying internet data about Americans if it was not collected under the standard the F.T.C. has laid out for location records. "The U.S. government should not be funding and legitimizing a shady industry whose flagrant violations of Americans' privacy are not just unethical, but illegal," Mr. Wyden wrote.

Starting today Apple is opening up its App Store to allow game streaming apps and services. From a report: This means that services like Xbox Cloud Streaming and GeForce Now, which previously were only accessible on iOS via a web browser, will be able to offer full-featured apps. "Developers can now submit a single app with the capability to stream all of the games offered in their catalog," Apple wrote in a blog post. These changes apply "worldwide," according to the company.

In 2020, Apple appeared to have carved out a space for these cloud gaming services in the App Store. But that turned out not to be the case, as all games available through each service had to be submitted and reviewed as a standalone app. So the shift to allow one app with a large catalog of games marks a major change. As part of today's announcement, Apple said that "each experience made available in an app on the App Store will be required to adhere to all App Store Review Guidelines and its host app will need to maintain an age rating of the highest age-rated content included in the app." Apple also says that developers will now "be able to provide enhanced discovery opportunities for streaming games, mini-apps, mini-games, chatbots, and plug-ins that are found within their apps," and that "mini-apps, mini-games, chatbots, and plug-ins will be able to incorporate Apple's In-App Purchase system to offer their users paid digital content or services for the first time, such as a subscription for an individual chatbot."

AT&T, Google and Vodafone are investing a total of $206.5 million in AST SpaceMobile, a satellite manufacturer that plans to be the first space-based network to connect standard mobile phones at broadband speeds. Fierce Wireless reports: AST SpaceMobile claims it invented the space-based direct-to-device market, with a patented design facilitating broadband connectivity directly to standard, unmodified cellular devices. In a press release, AST SpaceMobile said the investment from the likes of AT&T, Google and Vodafone underscores confidence in the company's technology and leadership position in the emerging space-based cellular D2D market. There's the potential to offer connectivity to 5.5 billion cellular devices when they're out of coverage.

Bolstering the case for AST SpaceMobile, Vodafone and AT&T placed purchase orders -- for an undisclosed amount -- for network equipment to support their planned commercial services. In addition, Google and AST SpaceMobile agreed to collaborate on product development, testing and implementation plans for SpaceMobile network connectivity on Android and related devices. AST SpaceMobile boasts agreements and understandings with more than 40 mobile network operators globally. However, it's far from alone in the D2D space. Apple/Globalstar, T-Mobile/SpaceX, Bullitt and Lynk Global are among the others.

One man living in Virginia oversaw "the laundering of some $7 million in fraudulently obtained gift cards" from Walmart in an international operation which over five years scammed hundreds of victims into sending the numbers over the phone, reports a new ProPublica investigation. (Citing court evidence that emerged after his arrested in 2021). Earlier that year, he complained to an associate that more and more people were competing to resell cards in China, eating into his profits. So many scammers were flocking to Walmart that he and his team regularly encountered them at self-checkout counters.... "We ran into quite a few at the store, and we even started chatting."
It was apparently so common that federal prosecutors started calling it "The Walmart scheme." And while the store is supposed to watch for customers who appear to be acting on a scammer's instructions, "Too often, Walmart has failed." America's largest retailer has long been a facilitator of fraud on a mass scale, a ProPublica investigation has found. For roughly a decade, Walmart has resisted tougher enforcement while breaking promises to regulators and skimping on employee training, according to more than 50 interviews, internal documents supplied by former industry executives, court filings and other public records...More than $1 billion in fraud losses were routed through the company's financial systems between 2013 and 2022, according to filings by the Federal Trade Commission and court cases analyzed by ProPublica. That has helped fuel a boom in financial chicanery. Americans, many of them elderly, were swindled out of $27 billion between 2013 and 2022, according to the FTC...

Walmart has a financial incentive to avoid cracking down. It makes money each time a Walmart gift card is used and earns a fee when another brand of card is bought. And it receives one commission when a person sends a money transfer and a second when the recipient picks it up. The company's financial services business generates hundreds of millions in annual profits. (Its filings do not provide specific figures for gift cards and money transfers.) "They were concerned about the bucks. That's all," Nick Alicea, a former fraud team leader for the U.S. Postal Inspection Service who investigated Walmart for years, told ProPublica. Walmart's deficiencies have repeatedly attracted government scrutiny. In 2017, the attorneys general of New York and Pennsylvania investigated Walmart over concerns that it was "reaping the benefits" of gift card fraud. The investigation concluded a year later with Walmart promising to restrict or eliminate the use of its gift cards to purchase other gift cards...

Instead, the company let the practice continue until 2022 — even after it knew that millions of dollars were being laundered through its stores. The FTC sued Walmart in 2022, alleging it "turned a blind eye" as criminals took advantage of its money transfer service. Walmart, the FTC claimed, pocketed millions in fees while "letting fraudsters fleece its customers." Summarizing the FTC's evidence, a federal judge in the case wrote that "Walmart knew that its services were used by fraudsters" and that the company was repeatedly warned about certain stores where "twenty-five, fifty, or even seventy-five percent of money transfer activity was fraudulent." Separately, a federal grand jury in Pennsylvania is hearing evidence of possible criminal conduct in Walmart's money transfer business, according to corporate filings that did not detail the allegations.
While the FTC says Americans were swindled out of $27 billion between 2013 and 2022, Walmart responded to ProPublica's investigation by pointing out it's refunded $4 million to gift-card fraud victims, and also blocked more than $700 million in suspicious money transfers. "We have a robust anti-fraud program and other controls to help stop scammers and other criminals who may use the financial services we offer to harm our customers." The company's legal filings in the FTC case struck a different tone. Walmart is seeking to dismiss the suit, partly on the grounds that it has "no responsibility to protect against the criminal conduct of third parties." Though fraud is "deeply unfortunate," Walmart argues, such schemes are "reasonably avoidable by consumers."
Other interesting quotes from the article:

• "Walmart outlets at one point accounted for the top 20 locations for fraud nationally among chains that partnered with MoneyGram, according to internal documents."

• "In a single week in March 2017, consumers claiming they'd been duped into a money transfer filed 610 complaints about Walmart, according to documents obtained by ProPublica. CVS ranked second, with 47."

• "Site inspections routinely found that Walmart staff lacked anti-fraud training and that employees failed to ask screening questions..."

• Walmart resisted MoneyGram's attempts to fight fraud [according to the former fraud team leader for the postal inspector's office in Harrisburg, Pennsylvania, who investigated MoneyGram and Walmart].

"Would you pay $15 a month so Android doesn't track you and send all of that data back to Google?" asks Stuff South Africa: A new Swiss-based privacy company thinks $15 is a fair fee for that peace of mind. "A person's data is the original digital currency," argues Apostrophy, which has created its own operating system, called Apostrophy OS.

It's based on Android — don't panic — but the version that has already been stripped of Google's intrusiveness by another privacy project called GrapheneOS, which used to be known as CopperheadOS. Launched in 2014, it which was briefly known as the Android Hardening project, before being rebranded as GrapheneOS in 2019. Apostrophy OS is "focused on empowering our users, not leveraging them," it says and is "purposely Swiss-based, so we can be champions of data sovereignty".

What it does, they say, is separate the apps from the underlying architecture of the operating system and therefore prevent apps from accessing miscellaneous personal data, especially the all-important location data so beloved of surveillance capitalism... Apostrophy OS has its own app store, but also cleverly allows users to access the Google Play Store. If you think that is defeating the point, Apostrophy argues that those apps can't get to the vitals of your digital life. Apostrophy OS has "partitioned segments prioritising application integrity and personal data privacy".
The service is free for one year with the purchase of the new MC02 phone from Swiss manufacturer Punkt, according to PC Magazine. "The phone costs $749 and is available for preorder now. It will ship at the end of January." Additional features include a built-in VPN called Digital Nomad based on the open-source Wireguard framework to secure your activity against outside snooping, which includes "exit addresses" in the US, Germany, and Japan with the base subscription.

Google announced today that it will invest $1 billion building a data center near London. Reuters reports: The data centre, located on a 33-acre (13-hectare) site bought by Google in 2020, will be located in the town of Waltham Cross, about 15 miles north of central London, the Alphabet-owned company said in a statement. The British government, which is pushing for investment by businesses to help fund new infrastructure, particularly in growth industries like technology and artificial intelligence, described Google's investment as a "huge vote of confidence" in the UK.

"Google's $1 billion investment is testament to the fact that the UK is a centre of excellence in technology and has huge potential for growth," Prime Minister Rishi Sunak said in the Google statement. The investment follows Google's $1 billion purchase of a central London office building in 2022, close to Covent Garden, and another site in nearby King's Cross, where it is building a new office and where its AI company DeepMind is also based. In November, Microsoft announced plans to pump $3.2 billion into Britain over the next three years.