An anonymous reader quotes a report from Deadline: Three former Netflix software engineers are among those who have been charged by the U.S. Securities and Exchange Commission for alleged insider trading. In a complaint (PDF) filed in federal court in Seattle, the regulatory agency says the engineers and two associates generated more than $3 million in profits from a "long-running scheme." The cornerstone of the setup, according to the complaint, was confidential information they obtained about Netflix subscriber growth. Subscriber numbers at Netflix or, more recently, Disney and other companies, have been central to Wall Street's embrace or rejection of stocks in recent years.

The SEC's complaint, Sung Mo "Jay" Jun was at the center of a long-running scheme to illegally trade on non-public information concerning the growth in Netflix's subscriber base. The complaint alleges that Sung Mo Jun, while employed at Netflix in 2016 and 2017, repeatedly tipped this information to his brother, Joon Mo Jun, and his close friend, Junwoo Chon, who both used it to trade in advance of multiple Netflix earnings announcements. After Sung Mo Jun left Netflix in 2017, the complaint says, he obtained confidential Netflix subscriber growth information from another Netflix insider, Ayden Lee. Sung Mo Jun allegedly traded himself and tipped Joon Jun and Chon in advance of Netflix earnings announcements from 2017 to 2019. The SEC alleges that Sung Mo Jun's former Netflix colleague Jae Hyeon Bae, another Netflix engineer, tipped Joon Jun based on Netflix's subscriber growth information in advance of Netflix's July 2019 earnings announcement.

The SEC said its market abuse unit uncovered the trading ring by using data analysis tools to identify the traders' suspicious run of success. "We allege that a Netflix employee and his close associates engaged in a long-running, multimillion dollar scheme to profit from valuable, misappropriated company information," Erin E. Schneider, director of the SEC's San Francisco office, said in a press release. "The charges announced today hold each of the participants accountable for their roles in the scheme." The defendants allegedly tried to evade detection by using encrypted messaging applications and paying cash kickbacks," added Joseph Sansone, Chief of the SEC's market abuse unit. Sung Mo Jun, Joon Jun, Chon, and Lee have consented to the entry of judgments, the SEC said. If approved by the court, the judgments would permanently enjoin each from violating the charged provisions, with civil penalties to be decided later by the court. Sung Mo Jun also agreed to an officer and director bar. Bae consented to the entry of a final judgment, also subject to court approval, and imposing a civil penalty of $72,875.

In a statement to CRN, Intel said it was "winding down" RealSense and transferring the talent and computer vision tech to efforts that "better support" its core chip businesses. Engadget reports: Questions surfaced about the fate of RealSense after the team's leader, Sagi Ben Moshe, said he was leaving Intel two weeks ago. RealSense aimed to make computer vision more flexible and accessible. A company or researcher could buy cameras to aid everything from robot navigation through to facial recognition, and there was even a developer-focused phone. It was never a truly mainstream product, though, and ASI VP Kent Tibbils told CRN that there were few customers buying RealSense cameras in any significant quantities. It wasn't really a money-making division, even if the work helped Intel's other teams.

For Intel, there's likely a simpler answer: it wants to cut ballast. CEO Pat Gelsinger wants Intel to reclaim the chipmaking crown, and that means concentrating its resources on design and manufacturing capabilities. No matter how successful RealSense is, it's a potential distraction from Intel's latest strategy.

An anonymous reader quotes a report from The New York Times: Facebook's mission is to "bring the world closer together." Increasingly, that's about not just connecting friends and family to share messages, but also serving as a platform for people's financial lives. Some $100 billion in payments have been enabled by Facebook over the past year, said David Marcus, who runs the company's financial services unit. But that's just the start of the social network's ambitions in the finance industry, Mr. Marcus writes in a new memo about the country's "broken" payments system, reported in the DealBook newsletter.

At the center of Facebook's push into payments is Novi, a digital wallet intended for users to move money around the world quickly and cheaply (free, in many cases). The company had a plan to pair it with a "stablecoin" cryptocurrency called Libra, but that was shelved amid regulatory scrutiny, and now the scaled-back project, known as Diem, is overseen by an outside nonprofit group seeking the necessary government approvals. In recounting some of Facebook's setbacks in trying to break into the crypto payments industry, Mr. Marcus describes the tech giant, the subject of antitrust inquiries around the world, as an underdog. Facebook faces unfair resistance in the financial industry, he wrote. "I've heard multiple conversations about how this proposal would be so great if only Facebook wasn't involved," he said. "I understand and accept the need for extra scrutiny due to our scale." But Mr. Marcus describes Facebook as a "challenger in the payments industry," with no specific plan yet to monetize use of the Novi wallet, which won't charge for person-to-person payments, even across borders.

He added that allowing users to pay with dollars, euros and other fiat currencies via the Novi wallet would bring a lot of value. "So why not just do that and call it a day?" he wrote. "Well, we might." But before deciding on that, he doesn't want to "waste our shot" at incorporating stablecoins into an "open, interoperable protocol" for online payments. "To have the maximum impact, building a closed system using fiat only wasn't going to cut it," he said in the memo. Mr. Marcus believes that a well-designed stablecoin pegged to a fiat currency, backed one to one in cash reserves, could offer strong consumer protections. It would also provide quicker access to funds than traditional bank accounts. "We will continue to persevere and demonstrate we can be a trusted player in this industry," he wrote, adding that the Novi wallet has licenses or approvals in nearly every U.S. state and that the Diem stablecoin project "has addressed every legitimate concern." Facebook's digital wallet is ready to come to market, Mr. Marcus said, and "we deserve a fair shot." To judge by Facebook's difficulties getting to this point, regulators remain to be convinced.

T-Mobile has confirmed that millions of current and former customers had their information stolen in a data breach, following reports of a hack over the weekend. From a report: In a statement, T-Mobile, which has more than 100 million customers, said its preliminary analysis shows 7.8 million current postpaid T-Mobile customers had information taken in the data breach. The carrier said that some personal data was also taken, including customer names, dates of birth, Social Security numbers and driver's license information for a "subset" of current and former postpay customers and prospective T-Mobile customers. The company also said that 40 million records of former and prospective customers was taken, but that "no phone numbers, account numbers, PINs, passwords, or financial information were compromised." But the company warned that approximately 850,000 active T-Mobile customer names, phone numbers and account PINs were in fact compromised, and that customer names, phone numbers and account PINs were exposed.

Apple has released a new version of iCloud for Windows, numbered 12.5. The update adds the ability to access and manage passwords saved in iCloud from a Windows machine, a feature that users have long requested. From a report: Apple has been gradually adding more support for iCloud passwords on non-Apple platforms with mixed results. The company released a Chrome extension that synced iCloud passwords with Chrome. But like this new iCloud Passwords app, it did the bare minimum and not much else. Still, this addition is welcome for users who primarily live in the Apple ecosystem (and thus use Apple's iCloud password locker) but who sometimes have to use Windows. For example, some folks use an iPhone or a Mac most of the time but have a Windows PC that is only used to play games that can't be played on the Mac.

Google's next midrange smartphone is the Pixel 5a, featuring a slightly bigger display than last year's Pixel 4a, a considerably larger battery and IP67 water and dust resistance. It's priced at $449, which is $100 more than the Pixel 4a, and is expected to be the last Google phone to include a charger in the box (sorry Pixel 6 fans). Ars Technica reports: Part of the reason for the price increase is that the Pixel 5a is a bigger phone, with a 6.34-inch display and 73.7 mm width compared to the Pixel 4a's 5.8-inch display and 69.4 mm width. Another big change is the addition of IP67 dust and water resistance, which means the phone should survive submersion in 3 feet of water (1 meter) for 30 minutes. As with the Pixel 5, the Pixel 5a's body is metal coated in plastic instead of the pure plastic body of the Pixel 4a. We didn't see the appeal of this construction in the Pixel 5, but the new phone is presumably stronger now.

As usual, we're getting a no-frills design that takes care of the basics. On the front, there's a slim-bezel OLED display and a hole-punch camera in the top right, while there are two cameras (main and wide-angle) and a capacitive fingerprint reader on the back. Specs include a Snapdragon 765G (that's a 7 nm chip with two Cortex A76 cores and six Cortex A55 cores), 6GB of RAM, 128GB of storage, and the biggest battery of any Pixel: 4680 mAh. The main camera is 12.2 MP and looks like the same Sony IMX363 sensor that Google has used for the past four years. There's a 16 MP wide-angle and an 8 MP front camera. Oh yeah, the headphone jack is sticking around for at least one more year. If there's a disappointment with the Pixel 5a, it's the 60 Hz display, which is looking pretty slow in a world where 90 Hz and 120 Hz are often the norm. Another important note is that the Pixel 5a will get three years of major updates and three years of security updates. It's currently available for preorder now and starts shipping on August 26.

ByteDance, TikTok's parent company, has joined the Open Invention Network (OIN), the world's largest non-aggression consortium that protects Linux and related open-source software and the companies behind them from patent attacks and patent trolls. ZDNet reports: The OIN recently broadened its scope from core Linux programs and adjacent open-source code by expanding its Linux System Definition to other patents such as the Android Open Source Project (AOSP) and the Extended File Allocation Table exFAT file system. By becoming a licensee and community member of OIN, ByteDance will be sharing its other patents to Helo, Resso, and the Chinese specific programs Toutiao, Douyin, and Xigua.

Why is ByteDance doing this? Because, like many other companies, including Microsoft, they consider "Linux and adjacent open source software as key elements for our business," said Lynn Wu, ByteDance's Chief IP Counsel. Wu continued, "ByteDance's participation in the OIN community shows our consistent commitment to shared innovation. We will continue to support it with patent non-aggression in core Linux and other important open-source software technologies." ByteDance may also have joined because its biggest fellow Chinese rival, Kuaishou, recently joined the OIN. In recent years, many Chinese firms, such as hardware giant Inspur, have joined forces with the OIN.

CES 2022 will be a hybrid event with in-person and digital components. However, in order to attend the event in person, the Consumer Technology Association (CTA) says you'll need to provide proof of vaccination against COVID-19. The Verge reports: As far as those who are not vaccinated, whether by their own choice or because they live somewhere without access to vaccines, the CTA says it's "assessing the acceptance of proof of a positive antibody test as an alternative requirement." It's also unknown how this will apply to events happening beyond the show floor and keynote ballrooms, or outside the CTA's umbrella entirely. We expect to hear more details about all of this long before the CES 2022 media days start on January 3rd, or when the show floor opens on January 5th. Here's an excerpt from the CTA's announcement: The Consumer Technology Association (CTA) today announced that CES 2022, the world's most influential technology event, will require in-person attendees to provide proof of COVID-19 vaccination. CES 2022 will take place in Las Vegas on January 5-8, 2022. For those who may be unable to travel to Las Vegas, CTA will again create a digital event that will run in parallel with the in-person program. Digital audiences will have the opportunity to share the spirit of the in-person event.
[...]
CTA is also assessing the acceptance of proof of a positive antibody test as an alternative requirement and will share more details on this later. Safety, security and health are a priority at CES, and we will follow state and local guidelines and recommendations by the CDC. CTA will continue to monitor and evaluate the situation and will announce additional or modified protocols closer to the show.

For years, a mysterious figure has been stealing books before their release. Is it espionage? Revenge? Or a complete waste of time? Vulture: On the spectrum of cyberattacks, this one wasn't very complex. There was no malicious software or actual hacking involved. Some of the earliest victims used Gmail accounts for work, which were easy and free to spoof. Registering an alternate domain and setting up an email server was only slightly more involved, and the possibilities were endless: t's became f's (@wwnorfon.com), q's replaced g's (@wylieaqency.com), r's and n's cornbined to make m's (@penguinrandornhouse.com). The domains suggested someone who liked to play with words as much as code. Books became bocks, unless the company was Dutch, in which case boek was Anglicized to book.

What did seem sophisticated was the thief's knowledge of the business. The culprit wrote like someone in publishing, abbreviating to "MS" for manuscript and "WEL" for world English-language rights, while exchanging insider chatter, telling one victim that a publisher was pitching a book as a comp to Pachinko and expressing surprise to another that a novel had recently sold for a shocking amount. The thief sent messages in the wake of announcements on Publishers Marketplace, a subscription website that tracks deals, but they also asked about books that the thief's marks didn't even know existed. The mimicry wasn't always perfect -- an assistant at the talent agency WME realized her boss was being impersonated because she would never say "please" or "thank you" -- but the impression was good enough.

What's more, the thief seemed to have a strong grasp of the rarefied world of international publishing. The first emails, in the fall of 2016, traveled almost exclusively among the small group of people who handle the flow of manuscripts between countries, including a foreign-rights manager in Greece, an editor in Spain, and an agent selling international writers in the Chinese market. In the attempted "Millennium" heist, only a few dozen people in the world knew the book was being shared with foreign publishers and that Mork and Altrov Berg controlled access to it.

Google is the latest manufacturer to bid farewell to the in-box charging brick, saying it expects the Pixel 5A will be the last phone to include one. That means the Pixel 6 and Pixel 6 Pro won't include one when they arrive this fall. From a report: The company says that most people already have a USB-C charging brick, so there's no longer a need to include one with its phones. Apple and Samsung made similar arguments when they announced they would no longer be offering an in-box charger. That may be true, but it's likely that the cost savings of not including a charger played a big role in those decisions.

phalse phace writes: Chinese regulators on Tuesday issued a lengthy set of draft regulations for the internet sector, banning unfair competition and restricting the use of user data, the latest move in a crackdown on the country's powerful tech companies.

According to a document published on China's State Administration for Market Regulation (SAMR) website, business operators should not use data, algorithms or other technical means to hijack traffic or influence users' choices. They may also not use technical means to illegally capture or use other business operators' data.

The regulator also said firms cannot use technological means to maliciously impose incompatible barriers to other legal internet products and services. It added that in cases involving violations, third-party institutions may be hired to audit data. The proposed regulations come after SAMR imposed various restrictions and punishments on tech giants in an effort to restrict anti-competitive or monopolistic behaviour.

Audi's latest concept car, the skysphere, will be able to drive itself, the company claims. But the real hook is that, as it changes from human driving to self-driving, the body of the skysphere expands by 10 inches from end-to-end. CNN reports: The concept car's long hood extends forward and the steering wheel and pedals fold away. The driver's side of the dashboard, really a glass display panel, and the gear selector also pull away, creating a more comfortable space for the driver to relax. All this is possible because the skysphere is an electric car powered by a motor that's mounted behind the seats. That means there's not much under the hood to get in the way as the front end moves forward and backward.

In its self-driving mode, the skysphere acts like a touring car, an elegant two seater designed for fast comfortable long distance travel. A longer wheelbase -- the distance between the front and back wheels -- is good for road trips because it can give the car a more stable feel on the highway. And without a steering wheel or pedals, the driver can stretch out, relax and enjoy the scenery. In regular human driving mode, it's more like a sports car. The much shorter wheelbase can give the car a quicker, more responsive driving feel. The car also lowers on its suspension almost a half inch closer to the ground. When put in its sports car mode, a steering wheel unfolds from underneath the dashboard and a set of pedals moves into position in the driver's footwell.

This shape-shifting is Audi's attempt to answer a conundrum facing automotive designers. Their advocates say self-driving vehicles can, theoretically, be safer than human drivers, and offer opportunities to rethink what a car can and should be. But among the challenges they face is consumer adoption from people who actually enjoy driving. And Audi, which boasts about the power and performance of its cars, considers those people to be among its core customers. So this car offers them a comforting compromise.

An anonymous reader quotes a report from Interesting Engineering: The Manatee Energy Storage Center -- the world's largest solar-powered battery storage facility -- is now 75% finished with 100 of 132 total containers already installed, reveals a press release from Florida Power and Light Company (FPL). The battery is housed in Manatee County as the name indicates and is expected to be fully operational by the end of the year. When completed, the system will have a 409-MW capacity with the ability to deliver 900 MWh of energy. This is enough electricity to power 329,000 homes for more than two hours.

The battery will serve to replace FPL's coal plants. The battery will store energy in order to bring electricity to homes even when the sun's not shining (at night and on cloudy days) meaning other more polluting power sources will not be required. Although customers are bound to see some financial benefits the main gains will be environmental. According to FPL, each battery module is capable of storing an amount of solar energy equivalent to roughly 2,000 iPhone batteries. The complete battery system will be equivalent to 100 million iPhone batteries and the energy storage containers will be organized across a 40-acre plot of land (the equivalent of 30 football fields). The battery will have a lifespan of 40 years.

Early Monday morning, the Wikipedia pages for a slew of celebrities, writers, and political figures were replaced by full-page spreads of black and white swastikas on a bright red background. The vandalism was reversed within minutes of being noticed by users. Gizmodo reports: Wikipedia is certainly no stranger to vandalism on some of its more controversial pages, but this incident highlighted one of the lesser-known weaknesses in the platform's airtight content moderation policies. Instead of targeting the content on any particular Wikipedia page, the vandal behind this blitz targeted a particular article template used by more than 50,000 different Wikipedia pages, including those for Jennifer Lopez, Joe Biden, and Discworld author Terry Pratchett.

According to an ongoing discussion by a handful of Wikipedia admins on one of the site's public forums, the template's since been fixed and the vandal in question -- who first joined the site about ten days ago -- has been put on an indefinite ban. One admin noted that by targeting these article templates directly, the user was able to bypass the typical protections put on certain Wikipedia pages to protect them from vandals in the first place.

T-Mobile confirmed hackers gained access to the telecom giant's systems in an announcement published Monday. Joseph Cox, reporting at Motherboard: The move comes after Motherboard reported that T-Mobile was investigating a post on an underground forum offering for sale Social Security Numbers and other private data. The forum post at the time didn't name T-Mobile, but the seller told Motherboard the data came from T-Mobile servers.

We have determined that unauthorized access to some T-Mobile data occurred, however we have not yet determined that there is any personal customer data involved," T-Mobile wrote in its new announcement. "This investigation will take some time but we are working with the highest degree of urgency. Until we have completed this assessment we cannot confirm the reported number of records affected or the validity of statements made by others," the announcement added.

Mastercard, writing in a blog post: In the early age of modern credit cards, they had to write down account information for each card-carrying customer by hand. Later, they used flatbed imprinting machines to record the card information on carbon paper packets, the sound of the swiping of the handle earning them the name, zip-zap machines. (They were also dubbed "knuckle-busters" by the unfortunate clerks who skinned their fingers on the embossing plate.) And how could clerks tell whether the customer was good for the purchase? They couldn't. Credit card companies would circulate a list of bad account numbers each month, and the merchant would have to compare the customers' cards against the list.

The arrival of the magnetic stripe changed all that. An early 1960s innovation largely credited to IBM, the magnetic stripe allowed banks to encode card information onto magnetic tape laminated to the back. It paved the way for electronic payment terminals and chip cards, offering more security and real-time authorization while making it easier for businesses of all sizes to accept cards. That thin stripe has remained a fixture on billions of payment cards for decades, even as technology has evolved. But now the magnetic stripe is reaching its expiration date with Mastercard becoming the first payments network to phase it out.

The shift away from the magnetic stripe points to both consumers changing habits for payments and the development of newer technologies. Today's chip cards are powered by microprocessors that are much more capable and secure, and many are also embedded with tiny antennae that enable contactless transactions. Biometric cards, which combine fingerprints with chips to verify a cardholder's identity, offer another layer of security. Based on the decline in payments powered by magnetic stripes after chip-based payments took hold, newly-issued Mastercard credit and debit cards will not be required to have a stripe starting in 2024 in most markets. By 2033, no Mastercard credit and debit cards will have magnetic stripes, which leaves a long runway for the remaining partners who still rely on the technology to phase in chip card processing.

Chet Haase, who worked at several Silicon Valley tech companies and in 2010 joined the Android engineering team at Google and watched Android rise from the bottom of the smartphone field to where it is today, writes in a new book: The final part of the pitch (and the most important part, for the VCs they were pitching to) was how Android was going to make money. The open source platform described in the slides is essentially what the Android team eventually built and shipped. But if that was all there was, the company would not have been worth funding for VCs. Developing and giving away an open source platform sounds great from a save-the-world standpoint, but where's the payoff? Where's the upside for investors? That is, how did Android plan to make money off of a product that they planned to simply give away? Venture capitalists fund companies that they hope will make more (far more) than their investment back.

The path to revenue was clear for the other platform companies in the game. Microsoft made money by licensing its platform to Windows Phone partners; every phone sold contributed a per-device cost back to Microsoft. RIM made money both on the handsets they sold as well as the lucrative service contracts that their loyal enterprise customers signed up for. Nokia and the other Symbian adopters made money by selling the phones that they manufactured with variations of that operating system. Similarly, all of the other handset manufacturers funded their own software development through the revenue generated by the phones they sold.

So what was Android's play that would fund the development of this awesome platform that they had yet to build and which they would give away free to other manufacturers to build their own devices? Carrier services.

Carriers would provide applications, contacts, and other cloud-based data services to their customers for Android-based handsets. The carriers would pay Android for providing these services. Swetland explained: "Rather than running and hosting the services [like Danger did for its Hiptop phones], we would build the services and sell them to the carriers." (In fact, the system that the team eventually built and shipped stayed true to the vision laid out in the pitch deck, except for this part about revenue from carrier services, which went away entirely.)

Alphabet's Google and Facebook announced their participation in a new subsea cable system for 2024 set to improve internet connectivity across the Asia-Pacific region. Bloomberg: Dubbed Apricot, the infrastructure project will link Japan, Singapore, Taiwan, Guam, the Philippines and Indonesia and help serve growing demand for broadband access and 5G wireless connectivity, Facebook said. In March, the company announced two new transpacific subsea cables connecting Singapore to the U.S. west coast, Bifrost and Echo, with Google participating in the latter. The Echo and Apricot cables are complementary submarine systems, Google said in a blog post, and will improve the resilience of Google Cloud and the company's other digital services. The new fiber-optic link spanning the Asia-Pacific has an initial design capacity of more than 190 terabits per second, according to Facebook.

An anonymous reader shared this report from NBC News: Facebook said Tuesday that it has removed hundreds of accounts linked to a mysterious advertising agency operating out of Russia that sought to pay social media influencers to smear Covid-19 vaccines made by Pfizer and AstraZeneca. A network of 65 Facebook accounts and 243 Instagram accounts was traced back to Fazze, an advertising and marketing firm working in Russia on behalf of an unknown client.

The network used fake accounts to spread misleading claims that disparaged the safety of the Pfizer and AstraZeneca vaccines. One claimed AstraZeneca's shot would turn a person into a chimpanzee. The fake accounts targeted audiences in India, Latin America and, to a lesser extent, the U.S., using several social media platforms including Facebook and Instagram. Russia has been actively marketing its Covid-19 vaccine, Sputnik V, abroad in what some analysts see as an effort to score geopolitical points...

The Fazze network also contacted social media influencers in several countries with offers to pay them for reposting the misleading content. That ploy backfired when influencers in Germany and France exposed the network's offer....

Facebook investigators say some influencers did post the material, but later deleted it when stories about Fazze's work began to emerge.
The article also summarizes reporting from the Associated Press about the offers received by those YouTube influencers. It "urged influencers not to mention that they were being paid, and also suggested they criticize the media's reporting on vaccines."

Lamborghini's exotic Countach sportscar was featured in the opening scene of the 1981 movie Cannonball Run. On the car's 50th anniversary, they've now introduced a 802-horsepower hybrid-electric version. Mashable reports: The reimagined Countach, unveiled in Monterey, California on Friday, is the Italian carmaker's second hybrid. Its drivetrain and performance borrows heavily from the Sián supercar, which was introduced in 2019 as the famous sports car maker's first hybrid. Lamborghini's new Countach (pronounced "coon-tash") has a V12 hybrid engine and 48 volt e-motor, as also seen in the Sián. It can accelerate up to 60 mph in 2.8 seconds and has a 220 mph top speed. Unlike some hybrids, the Countach doesn't have a pure electric mode. Instead, it's always using a blend of the electric motor and gas engine.

The air vents on the back are 3D-printed and the roof is photochromic, meaning it switches from solid to transparent at the push of a button. There are also four exhaust pipes on the backside...

There will only be 112 of Lamborghini's new hybrid Countach ever made...
TechCrunch adds that "Powering the Countach's electric motor is a supercapacitor Lamborghini claims delivers three times more power compared to a lithium-ion battery of the same weight.

"The automaker says it mounted the electric motor directly to the gearbox to preserve the feeling of power transfer you get from a V12 engine."