NexOptic Technology Corp (TSXV: NXO)
You’ll Never See The World The Same Way Again
“How Facebook treats posts from public figures that may violate their community standards are within the scope of the Board, and are the type of highly challenging cases that the Board expects to consider when we begin operating in the coming months,” the board wrote in a blog post.
“As an institution that announced our first members less than a month ago, and which will not be operational until later this year, we are not in an immediate position to make decisions on issues like those we see unfolding today.”
Facebook (NASDAQ:FB) announced the Oversight Board’s bylaws in January, and in May, appointed its first 20 members.
Amazon (NASDAQ:AMZN) is in early-stage talks with India’s telecom giant Bharti Airtel (OTCPK:BHRQY) for a roughly 5% stake in the company, reports Reuters. A deal of that size would be around $2B.
Bharti said they routinely work with all digital players to bring their products, content, and services to customers. “Beyond that there is no other activity to report,” it said in a statement.
Lately, global players are vying for the slice in Indian digital market after Reliance Industries-owned Jio raised $10B from Facebook, KKR and other entities.
Bharti shares are up 4%.
Wrap Technologies (NASDAQ:WRTC) +4% announced the closing of its previously announced $12.4M financing.
The Company’s founder and largest shareholder Elwood Norris exercised 0.1M outstanding warrants at $5.00/share for cash of $0.5M.
WRTC currently has over $30M cash on hand after these transactions.
Rockstar Games (TTWO -1.6%) is temporarily shutting down access to its hit online games Grand Theft Auto Online and Red Dead Online, in reaction to the unrest following the killing of George Floyd in Minneapolis.
Another Take-Two unit, 2K Games, has muted its channel in similar reaction.
Those are the latest moves from videogame companies in reaction to the nationwide protests. Activision Blizzard delayed season launches for its Call of Duty games earlier this week, and Epic Games delayed a Fortnite live event and its season 3 launch.
Zoom Video Communications (ZM -5.6%) – currently under the microscope for its approach to securing/encrypting its video calls – is in advanced talks with Google Cloud (GOOG -1.5%, GOOGL -1.5%) to use its cybersecurity service, The Information reports.
That service alerts users to the dangers of clicking on links that are tied to malicious sites and purposes.
An agreement would mean Zoom could flag links to those malicious websites that are sent to users through Zoom chat, according to the report.
