Let’s talk Libra. The U.S. Senate Banking Committee is planning a hearing on Facebook’s new Libra cryptocurrency on July 16 at which the social network’s blockchain chief David Marcus is expected to testify, according to Reuters. Among the topics of discussion: digital privacy.
Wall Street chatter. Workplace chat app company Slack will begin trading on the New York Stock Exchange on Thursday, the Wall Street Journal reported. The startup, with a $15.7 billion valuation, joins Spotify as the second major company to forgo an IPO in favor of a so-called direct listing.
YouTube under fire. YouTube is feeling the heat from a Federal Trade Commission investigation over the video service’s alleged violations over children’s privacy, The Washington Post reported. The investigation was spurred by complaints from privacy advocates and consumer advocacy groups who were upset that YouTube possibly violated the Children’s Online Privacy Protection Act “that forbids the tracking and targeting of users younger than age 13.”
Light bright. Amazon unveiled a new version of its Kindle Oasis e-book reader that has a new adjustable lighting feature for day-or-night reading, reports CNET. An 8 GB version of the device will cost $250 while a 32 GB version will cost $280.
Oracle beats expectations. Database giant Oracle’s overall sales were up 1% year-over-year to $11.14 billion in its fiscal 2019 fourth quarter, which beat analyst expectations of $10.93 billion, CNBC reported. Oracle’s shares jumped nearly 7% as a result of the earnings beat.