Good morning! This is the tech news you need to know this Thursday.
- Facebook suffered another privacy lapse after a security researcher found 400 million phone numbers scraped from the social network and dumped on an online server that wasn't password-protected. Some records are said to also have included the user's name, gender, and country in which they resided.
- Security teams from Facebook, Google, Twitter, and Microsoft met with national intelligence officials on Wednesday to discuss 2020 election security. According to The New York Times, tech company representatives and government officials talked about the potential threats during the election as well as how to share information and detect these threats in advance.
- Google will pay $170 million to settle allegations that YouTube illegally collected kids' data without their parents' consent. YouTube has been under investigation for allegedly violating children's privacy laws by collecting the data of children under the age of 13 without their parents' consent.
- Apple is reportedly planning to launch a cheap iPhone in 2020. The new phone is being billed as a next-generation version of the 2016 iPhone SE, which started at $399, according to Nikkei Asian Review.
- Samsung's delayed Galaxy Fold is expected to launch in the US on September 27. Samsung unveiled the Galaxy Fold in February to much fanfare but quickly pushed back its initial launch date after a small number of reviewers reported that the screens on their devices had broken after just two days of use.
- Slack stock is down 12% after its first-ever earnings as a public company, in which it posted a big loss. Its stock price plunged to $26 after the bell, which is exactly what Slack had originally priced its shares at when it went public in June
- 14 women have filed a lawsuit against Lyft accusing the company of not addressing a 'sexual predator crisis' among drivers. These women alleged that they were sexually assaulted or raped by drivers.
- Twitter CEO Jack Dorsey says he doesn't have a phone number after his account was hacked to send out racist tweets. Dorsey on Wednesday broke five days of Twitter silence after hackers took over his account on Friday and tweeted racial slurs, including the N-word.
- Twitter has disabled the ability for users to tweet via SMS after Jack Dorsey's account was hacked. Hackers are able to compromise accounts if someone's phone number is stolen.
- Europe's top antitrust enforcer is already examining Facebook's Libra currency so that it can 'act swiftly' if intervention is necessary. European Competition Commissioner Margrethe Vestager said that scrutiny was justified even though the new digital coin, to be backed by four official currencies and available to billions of Facebook's users around the world, has yet to be launched.
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