One expert is calling today’s social media apps legal malware. “Tristan Harris had this to say: the average person checks their smartphone 150 times per day. Why do we do this? It’s the number one ingredient in slot machines: intermittent variable rewards. Addictiveness is maximized when the rewards are variable. Technology hijacks the way we…
Facebook Warns 1 Million Users About Usernames, Passwords Stolen via Malicious Apps
Meta Platforms Inc.’s Facebook has announced that it is going to share details about Facebook users whose accounts may have been compromised due to security issues with various apps downloaded from iOS and Android. According to a report, Facebook said that it has identified 400 malicious Android and iOS apps that have targeted users to…
US Fines 16 Wall Street Firms $1.8 Billion for Talking Deals, Trades on Personal Apps
U.S. regulators on Tuesday fined 16 financial firms, including Barclays, Bank of America, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley, and UBS, a combined $1.8 billion after staff discussed deals and trades on their personal devices and apps. The sweeping industry probe, first reported by Reuters last year and subsequently disclosed by multiple lenders, is…
Dr. Jenny Radesky on Kids and Smart Devices
Excerpts from our conversation with Dr. Jenny Radesky, an NIH-funded expert on kids and media use. NIHNiH: How do kids interact with media on smartphones and tablets differently from how they watch television? Radesky: The handheld design makes it harder for parents to watch things with their kids. Someone always wants to grab it and control it….
4 Best Money and Investment Management Apps
By Shipra Singh Budgeting is indispensable to keeping your finances in order. While the task of monitoring each and every penny you spend may seem daunting, it actually is not. Budgeting apps have made money management easier than ever. Budgeting apps let you monitor, save and invest your money with a few taps on your…
3 Free Life-Improving Resources
If you are generally wary of free stuff, I’m right there with you. Most of the time, I’ve found that free stuff is like bait. It’s a tasty morsel, a big tease with the clear intent of getting us to part with money we have no intention of parting with to get whatever it is…
Sports Card App CollX Bringing High-Tech to an Old Favourite Pastime
A sports card app that was inspired by a 10-year-old boy after he and his 7-year-old brother discovered their dad’s collection in the basement of their home, is growing in value for collectors around the world. For those who lost their shoeboxes full of sports cards when their mother threw them out when they weren’t…
India Bans Game Apps on China Surveillance Fears. And the World Should, Too
Commentary Shares of Sea Ltd., a Singapore-based technology company, slumped over 18 percent on Feb. 14 after India banned 54 game apps, including Sea’s popular Free Fire game. While Sea is located in Singapore, its American depositary receipts (ADRs) are listed on the New York Stock Exchange (NYSE). While it is the city-state’s most valuable company…
US Lags Behind India on Blocking Chinese Apps, Including TikTok
February 15, 2022
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News Analysis India sent a special Valentine’s Day gift to China on Feb. 14. Citing national security reasons, New Delhi banned 54 apps linked to China. These included one from Singapore called “Free Fire,” whose company, the gaming giant Sea, investors punished by wiping out $16 billion of its value. Since 2020, after the Chinese…
SEC’s GameStop Report Investigates Role of ‘Game-Like’ Brokerage Apps
A report by the Securities and Exchange Commission (SEC) released Monday that investigated the trading controversy surrounding GameStop earlier this year has challenged the role of “game-like” trading apps that may urge investors to trade stocks too frequently. GameStop experienced a surge of activity in January following social media chatter that led to the term…
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