Day: May 12, 2020

Colombia to look into TikTok’s treatment of children’s data

FILE PHOTO: The TikTok logo is seen on a screen over Times Square in New York City, U.S., March 6, 2020. REUTERS/Andrew Kelly

BOGOTA (Reuters) – Colombia’s commerce regulator said on Tuesday it would look into whether Chinese-owned social media app TikTok complies with laws on the collection and treatment of children’s and adolescents’ personal data.

The move comes amid growing U.S. scrutiny of the app and a similar investigation announced last week by the Netherlands’ privacy watchdog.

TikTok allows users to create and share short videos with millions of people worldwide.

“The superintendency is seeking to establish if TikTok Pte Ltd. has demonstrably implemented the principle of responsibility in the treatment of data from Colombian citizens who use its services,” the Superintendency of Industry and Commerce said in a statement posted on its website.

Colombia’s constitution orders special protections for minors, who are the app’s principal users, the statement

Read More

Uber approaches Grubhub with acquisition offer: sources

(Reuters) – Uber Technologies Inc is in negotiations to buy online food delivery company Grubhub Inc in an all-stock deal, according to people familiar with the matter.

FILE PHOTO: The Uber logo is displayed on a mobile phone in this picture illustration taken November 25, 2019. REUTERS/Hannah McKay/Illustration

A merger could give Uber Eats’ money-losing restaurant delivery service a leg up on market leader DoorDash at a time when the coronavirus pandemic has upended Uber’s core business of shuttling people from place to place.

Uber and Grubhub are still haggling over the deal’s stock exchange ratio, and there is no certainty that they will reach an agreement, the sources said.

The potential acquisition suggests that the Silicon Valley disruptor is doubling down on its fastest-growing service in a scramble to adapt to what is likely to be a long business interruption.

“This would be an aggressive move by Uber to

Read More

Twitter to let some employees to work from home permanently

FILE PHOTO: The Twitter App loads on an iPhone in this illustration photograph taken in Los Angeles, California, U.S., July 22, 2019. REUTERS/Mike Blake

(Reuters) – Twitter Inc (TWTR.N) on Tuesday became the first major tech company to allow employees who can work remotely to do so indefinitely, as the coronavirus outbreak forces unprecedented changes in work culture across the world.

The pandemic, which has infected more than 4.2 million people globally so far, has led to strict lockdowns in most countries and changed the way businesses function, with work-from-home emerging as the new norm.

The social media company said it will not re-open most offices before September and employees can choose whether or not to come to the facilities. BuzzFeed first reported bit.ly/35ULX6u Twitter’s move.

Twitter said it will not have business travels before September, with very few exceptions, and no in-person company events for the rest

Read More

Uber approaches GrubHub with takeover offer: source

(Reuters) – Uber Technologies Inc is in advanced talks to buy online food delivery company GrubHub Inc in an all-stock deal, according to a person familiar with the matter.

FILE PHOTO: The Uber logo is displayed on a mobile phone in this picture illustration taken November 25, 2019. REUTERS/Hannah McKay/Illustration

A deal could make Uber more competitive with market leader DoorDash.

The coronavirus pandemic has upended Uber’s core business of paying freelance drivers to shuttle people from place to place. A merger of its loss-making Uber Eats restaurant delivery service with GrubHub shows how the Silicon Valley disruptor is scrambling to pivot in what promises to be a long period of business interruption by doubling down on its fastest growing business.

Shares of GrubHub jumped more than 36% to $17.05 while Uber’s were up just over 6% to $33.60.

An Uber spokesman said the company does not respond to “speculative

Read More