Netflix isn’t just expanding its footprint in California. The streaming behemoth is planning to open a production hub in New Mexico by acquiring Albuquerque’s ABQ Studios — its first purchase of a production studio complex. It’s making the deal (which is still in “final negotiations”) in part due to incentives, which include up to $10 million in Local Economic Development Act funding from the state as well as a maximum of $4.5 million from Albuquerque.
Ticketmaster claims it’s fighting scalpers tooth and nail, but it may be aiding them in private. Exposés at CBC News and the Toronto Star have shown the company courting professional scalpers, even when it’s clear they’re using bots or otherwise violating Ticketmaster’s terms of service. The company quietly launched a secretive ticket inventory system, TradeDesk, that lets scalpers upload high volumes of tickets and quickly resell them at the price of their choice. Moreover, Ticketmaster salespeople caught on camera were adamant that they didn’t verify whether or not TradeDesk users were violating terms of service, including the use of bots — at least one rep was fully aware of the activity.
More tech companies are about to face congressional scrutiny. Leaders from Amazon, Apple, AT&T, Charter and Google are scheduled to testify before a US Senate panel at a data privacy hearing on September 26th. Senators will grill the companies on their existing approaches to privacy, how Congress can press for “clear privacy expectations” and how firms will adapt to stricter requirements like the European Union’s GDPR and the California Consumer Privacy Act.
Paul McCartney is no stranger to embracing technology, and you’re about to get further proof of it. The iconic musician is performing an “intimate” YouTube concert on September 7th at 8PM Eastern as part of a YouTube Original production. It’s a plug for his new album Egypt Station, as you might have guessed, but he’ll also play tunes from his Beatles and Wings days.
Apple’s status as the only public trillion-dollar company didn’t last long. Amazon has been flirting with a $1 trillion market cap throughout trading on September 4th, passing the symbolic milestone in the morning. It reached the figure through a relatively recent surge, CNBC pointed out. While Apple reached $900 billion eight months earlier, Amazon’s stock price has been climbing steadily throughout most of 2018 and has thrived since a record-setting Prime Day in July.
WiFi security is finally getting an upgrade after 14 years. The Wi-Fi Alliance has officially launched WPA3, the next-generation standard that promises to tackle many of the vulnerabilities that have persisted in wireless networking. Most notably, it brings individualized data encryption that should protect your data against eavesdropping from within the WiFi network. You’ll also get tougher password-based sign-ins through Simultaneous Authentication of Equals, a key establishment protocol that reduces the chances of someone guessing your password — even if it’s lousy.
It feels like cryptocurrencies like Bitcoin are going mainstream. They’re becoming more heavily regulated around the world, in diverse places like Japan and New York. Now people are being investigated for price fixing. According to Bloomberg, the US Justice Department has opened a private criminal probe into traders who may be manipulating the price of Bitcoin and other digital currency products.