Businesses

Vungle CEO Arrested For Child Rape and Attempted Murder (axios.com) 129

Freshly Exhumed writes: Axios is working to get details about a revelation on a government website that Vungle CEO Zain Jaffer is facing charges at the Maple Street Correctional Center in Redwood City, California of attempted murder, a lewd act on a child, oral copulation of a person under 14, child abuse, assault with a deadly weapon and battery upon an officer and emergency personnel. Vungle is self-described on its website as "the leading in-app video advertising platform for performance marketers," and was founded by Jaffer in 2011. Vungle has since issued a statement: "While we do not have any information that is not in the public record at this point, these are extremely serious allegations, and we are shocked beyond words. While these are only preliminary charges, they are obviously so serious that it led to the immediate removal of Mr. Jaffer from any operational responsibility at the company. The company stressed that this matter has nothing to do with Mr. Jaffer's former role at the company." Axios notes that "the San Francisco-based company has raised over $25 million in VC funding from firms like Google Ventures, Thomvest Ventures, Crosslink Capital, SoftTech VC and 500 Startups."
Education

Arkansas Will Pay Up To $1,000 Cash To Kids Who Pass AP Computer Science A Exam 105

theodp writes: The State of Arkansas will be handing out cash to high school students who pass an Advanced Placement test in computer science. "The purpose of the incentive program is to increase the number of qualifying scores (3, 4, or 5) on Advanced Placement Computer Science A exams," explained a press release for the Arkansas Advanced Placement Computer Science A Incentive Program (only 87 Arkansas public school students passed the AP CS A exam in 2016, according to College Board data). Gov. Asa Hutchinson added, "The Arkansas Department of Education's incentive for high scores on the AP Computer Science A exam is a terrific way to reward our students for their hard work in school. The real payoff for their hard work, of course, is when they show their excellent transcripts to potential employers who offer good salaries for their skills." The tiered monetary awards call for public school students receiving a top score of 5 on the AP CS A exam to receive $1,000, with another $250 going to their schools. Scores of 4 will earn students $750 and schools $150, while a score of 3 will result in a $250 payday for students and $50 for their schools. The program evokes memories of the College Board's Google-funded AP STEM Access program, which rewarded AP STEM teachers with a $100 DonorsChoose.org gift card for each student who received a 3, 4, or 5 on an AP exam. DonorsChoose.org credits were also offered later by tech-bankrolled Code.org and Google to teachers who got their students coding.
Twitter

Twitter Plans To End Revenge Porn Next Week, Hate Speech In Two (arstechnica.com) 293

An anonymous reader quotes a report from Ars Technica: In the beginning of 2017, Twitter said it would take on harassment and hate speech. CEO Jack Dorsey said the company would embrace a "completely new approach to abuse on Twitter" with open dialogue along the way. For months, though, the company has offered few details about what it would do, or when. That changed late yesterday, when Twitter posted a timeline with specific promises on actions it will take. The changes begin next week. On October 27, Twitter will expand what types of "non-consensual nudity" (aka "revenge porn") that it takes action against. The company will already act when a victim complains, but Twitter will soon act even in cases where the victims may not be aware images were taken, instances like upskirt photos and hidden webcams. "Anyone we identify as the original poster of non-consensual nudity will be suspended immediately," the October entry reads. On November 3, Twitter will ban hate imagery in profile headers and avatars, and the service will start suspending accounts "for organizations that use violence to advance their cause." The same day it will institute a policy of stopping "Unwanted Sexual Advances," although the company says it has already been taking enforcement actions on this front. Later in November, Twitter will ban "hateful display names."
Businesses

Japan's SoftBank Says It Could Invest as Much As $880 Billion in Tech (recode.net) 42

SoftBank could commit as much as $880 billion to tech investments in the coming years, a gargantuan, unprecedented amount of cash that would amount to a seismic shift in tech-sector finance. From a report: "The Vision Fund was just the first step, 10 trillion yen ($88 billion) is simply not enough," CEO Masayoshi Son said in an interview with The Nikkei Asian Review that was published late Thursday. "We will briskly expand the scale. Vision Funds 2, 3 and 4 will be established every two to three years." Son's comment confirms a Recode report that his Vision Fund -- which is sinking $100 billion into the technology sector worldwide -- was only the first in a series of investments that he plans to make in young companies. "We are creating a mechanism to increase our funding ability from 10 trillion yen to 20 trillion yen to 100 trillion yen," Son told the outlet. That comes out to about $880 billion. Companies that SoftBank either completely owns or has major or minor stakes in include Vodafone Japan, Yahoo! Japan, India's Snapdeal, India's Ola, Sprint Corporation, and India's Flipkart. The company is expected to become a major stake holder in Uber as soon as next week.
Microsoft

Microsoft's Market Value Hits a Dot-Com Era Milestone: $600 Billion (wsj.com) 101

An anonymous reader shares a report: Microsoft's value is returning to tech-bubble peaks. The software giant closed with a market value of $600 billion Thursday for the first time since January 2000, according to the Journal's Market Data Group. Shares rose 0.4 percent to $77.91, setting a fresh all-time high. For the year, Microsoft shares are up 25% and on track for their best year since 2013, as the firm continues its rebirth as a force in cloud-computing. The firm is the third-largest S&P 500 company in market value, trailing Apple (about $800 billion) and Google's parent company, Alphabet, (about $690 billion). In July, fellow technology and internet stalwarts Facebook and Amazon.com joined the trio as the only U.S.-listed companies valued at more than in the $500 billion. The last time Microsoft was over $600 billion back in 2000, it didn't stay there for long. The tech bubble would peak in March of that year, and the Nasdaq Composite Index wouldn't climb back to the level it reach that year until 2015.

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