Facebook Reports ‘Signs of Stability’ in Ad Spending After Coronavirus Drop

Facebook beat analysts’ estimates for quarterly revenue on Wednesday and said it has seen “signs of stability” for sales in April after a plunge in March, in yet another signal that tech giants may weather the coronavirus-induced economic collapse better than other sectors.

The announcement came a day after Alphabet’s Google said a drop in its online ad sales similarly steadied in April. Shares of Facebook, the world’s biggest social network and the owner of WhatsApp and Instagram, soared 9 percent in extended trading.

Facebook said advertising revenue was roughly flat in the first three weeks of April

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Meet EventBot, a new Android malware that steals banking passwords and two-factor codes – TechCrunch

Security researchers are sounding the alarm over a newly discovered Android malware that targets banking apps and cryptocurrency wallets.

The malware, which researchers at security firm Cybereason recently discovered and called EventBot, masquerades as a legitimate Android app — like Adobe Flash or Microsoft Word for Android — which abuses Android’s in-built accessibility features to obtain deep access to the device’s operating system.

Once installed — either by an unsuspecting user or by a malicious person with access to a victim’s phone — the EventBot-infected fake app quietly siphons off passwords for more than 200 banking and cryptocurrency apps

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TikTok tops 2 billion downloads – TechCrunch

TikTok, the widely popular video sharing app developed by one of the world’s most valued startups (ByteDance), continues to grow rapidly despite suspicion from the U.S. as more people look for ways to keep themselves entertained amid the coronavirus pandemic.

The global app and its Chinese version, called Douyin, have amassed over 2 billion downloads on Google Play Store and Apple’s App Store, mobile insight firm Sensor Tower said Wednesday.

TikTok is the first app after Facebook’s marquee app, WhatsApp, Instagram and Messenger to break past the 2 billion downloads figure since January 1 of 2014, a Sensor Tower

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Apple and Google release first seed of COVID-19 exposure notification API for contact tracing app developers – TechCrunch

Apple and Google have released the first version of their exposure notification API, which they previously called the contact tracing API. This is a developer-focused release, and is a seed of the API in development, with the primary intent of collecting feedback from developers who will be using the API to create new contact tracing and notification apps on behalf of public health agencies.

Last week, Apple CEO Tim Cook told EU Commissioner Thierry Breton that the API would be arriving shortly, and this version is indeed now available — albeit to a specific and limited group that includes select

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Amazon Pay Later Service Launched in India With Aim to Provide Instant Credit

Amazon has launched a credit service called Amazon Pay Later for its customers in India. The service is a rebrand of Amazon Pay EMI that the US e-commerce giant launched in the country back in September 2018. However, there are additional benefits such as the ability to get instant credit on (almost) any of the products listed on the online marketplace and access credit even for groceries and utility bills. The Amazon Pay Later service also offers the option to repay in a subsequent month at no additional fees or convert large ticket transactions into monthly instalments for up to

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Coronavirus: Amazon Defends Safety Efforts Amid Fresh Protests

Amazon on Monday defended its coronavirus safety efforts as it faced renewed protests from warehouse workers, which have drawn support from some of the US giant’s technology employees.

Warehouse protest organisers, which include activist groups in several parts of the United States, said more than 50 employees walked out of an Amazon warehouse in Minnesota on Sunday and 2,000 signed a petition demanding that Amazon extend its paid leave policy set to be curtailed on April 30.

The latest actions stemmed from a recent decision by Amazon not to extend uncapped unpaid time off for distribution center employees facing increased

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