Facebook Inc (NASDAQ:FB) has received approval by the European Union to purchase WhatsApp for $19 billion. The EU was concerned that Facebook’s acquisition of WhatsApp could harm communication in the telecommunications market. The European Commission has determined that the acquisition will not impede competition though.
JPMorgan Chase & Co. (NYSE:JPM) was reported that it was hacked and 83 million households and small business accounts were affected. The hackers stole the contact information for 76 million households, which is nearly 65% of all the households in the U.S.
Facebook Inc (NASDAQ:FB) is rumored to be working on a health app. The health app will revolve around a community. The app is currently in early stages. Rumors also suggest that Facebook is in talks with medical experts to build apps that are based on preventative care. There are millions of users on Facebook that discuss surviving cancer and offer tips about wellness.
Apple Inc. (NASDAQ:AAPL) is offering several new perks to its employees. Apple’s HR head Denise Young Smith sent out a memo that said new benefits include longer parental leave, education reimbursements for classes that employees have taken, expanded donation-matching, subsidized student loan refinancing, and the full acceleration of stock in the case of an employee death.
Apple Inc. (NASDAQ:AAPL) said that it will replace bent iPhone 6 handsets. Several customers complained that the iPhone 6 Plus bent in their pockets. The bent iPhone 6 Plus devices are portrayed as a #bendgate issue on social media. The bent iPhone 6 Plus devices are still operational. The iPhone 6 Plus devices generally bend in the middle or top of the handset. The bends are formed when the iPhone 6 Plus is placed under pressure like when a user sits for a period of time with the device in their pocket. The regular iPhone 6 does not have the same issue. The bent iPhone 6 Plus devices will be replaced if it passes a visual inspection by Genius Bar employees.
[Image Credit: Unbox Therapy]
Hootsuite is a social media management company that has raised $60 million in funding. The new round of funding values Hootsuite at around $1 billion. This round of funding was led by an undisclosed investor with participation from Insight Venture Partners, Accel Partners and OMERS Ventures.
Facebook Inc (NASDAQ:FB) plans to build drones to provide Internet to rural areas in developing countries. The drones will fly around 17 miles off the ground.