Good morning! This is the tech news you need to know this Friday.
1. Facebook wipes out all of its losses following the Cambridge Analytica data scandal. Shares hit an intraday high of $US185.99 on Thursday.
2. Cisco said in a blog post that it’s yanking online ads from YouTube because the site “doesn’t meet its brand safety standards.” But after Business Insider’s inquiries to YouTube about the post, Cisco quietly deleted it.
3. Dropbox released its first earnings report since going public in March. The company beat Wall Street’s expectations on both revenue and earnings per share but didn’t give guidance for the upcoming quarters.
4. Apple pulling a $US1 billion data centre is ‘a major black mark’ against Ireland. It has been trying to establish the data centre since 2015 but threw in the towel after two residents objected to the plans on environmental grounds.
5. Klout, the $US200 million website that measured how important you are on social media with one number, is shutting down. The company used Twitter and Facebook data to give users a “klout score,” a number from 1 to 100 that indicated how popular on social media a user is.
6. In an interview with CNBC, early Theranos investor Tim Draper said the company’s founder, Elizabeth Holmes, is the victim of a witch hunt. He also said Wall Street Journal investigative reporter John Carreyrou was “like a hyena going after her.”
7. Robinhood, a zero-fee stock-trading app popular among millennials, confirmed its series D funding round of $US363 million. That puts the startup’s valuation at $US5.6 billion.
8. A major iPhone supplier is trying to persuade investors that it’s not about to be destroyed by Apple. Analysts are not convinced about Dialog Semiconductor’s optimism, however.
9. How a Dallas construction company saves nearly $US2 million a year by using hundreds of Apple’s iPads. Building plans are now stored in the cloud and everyone works off the same always-updated version.
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