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10 things in tech you need to know today

Published by Business Insider on Wed, 14 Nov 2018


Good morning! This is the tech news you need to know this Wednesday.Amazon officially announced that its second headquarters, or HQ2, will be split between New York and Virginia.Amazon also announced a new office in Nashville, Tennessee, where it said it would hire 5,000 people and invest $230 million.Amazon will benefit from massive tax breaks from both HQ2 cities. The company will receive $1.5 billion in tax breaks from New York City, and up to $550 million in cash grants from Arlington, Virginia.Google is consolidating DeepMind's healthcare AI business into its new Google Health unit. The reorganisationcomes just four days after Google announcedit was hiring big-name healthcare CEO David Feinberg to head up its healthcare initiatives.SoftBank committed another $3 billion to WeWork, and the deal could value the office sharing firm at around $42 billion.According to third-quarter financials seen by Business Insider, WeWork has substantially increased its revenue but its losses have more than tripled.The Justice Department and Securities and Exchange Commission have subpoenaed Snap for information about its March 2017 initial public offering. The federal inquiries follow an ongoing shareholder lawsuit in which investors allege that Snap misled the public about how competition from Facebook's Instagram service had affected the company's growth.Over 600,000 Americans followed Instagram accounts that are now believed to be run by Russian trolls. Facebook said it has now taken down 99 Instagram accounts, 36 Facebook accounts, and 6 Facebook Pages.Uberreleased a document on Mondaylaying out how it is going to categorise reports of sexual misconduct and assault in readiness for a 2019 transparency report.The report outlining the categories contains a "mix-and-match" exercise in which readers match creepy stories of misconduct and assault to the company's new categories.Goldman Sachs analysts slashed their iPhone unit sales estimate by 6% and downgraded their price target after Apple supplier Lumentum said that a major customer, believed to be Apple, had drastically cut its order.The analysts said they are worried that "end demand for new iPhone models is deteriorating."Microsoft is resuming the rollout of the October 2018 Update to Windows 10.The update originally came out last month, but Microsoft stopped the rollout after some users said it was wiping their personal files.The Silicon Valley startupJuulannounced on Tuesday that it would temporarilystop sellingitsflavored e-cigarettesin stores. Researchers nearly unanimously praised the move, which they say could help protectyoung peopleby making the products less appealing andharder to purchase.Have an Amazon Alexa device' Now you can hear 10 Things in Tech each morning. Just search for "Business Insider" in your Alexa's flash briefing settings.Join the conversation about this storyNOW WATCH: First impressions of the Google Pixel 3 and Pixel 3 XL
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