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By Amy Tennery NEW YORK (Reuters) - The hashtag #RIPTwitter became the top trending U.S. item on Twitter on Saturday, after a report from BuzzFeed said the company is planning to change how it displays users’ tweets. The BuzzFeed report, which went live on Friday night and did not disclose the source of its information, said the social media platform will reorder tweets to prioritize those it believes more users will want to see. Currently, Twitter arranges tweets in chronological order. more...


The vast troves of consumer data held by big Internet companies should be scrutinized in merger probes because they have a big impact on competition, the president of the German antitrust watchdog told a newspaper. Collections of "big data" - covering billions of internet searches, messages and other online interactions - hand Internet companies huge power they can exercise in marketing and commerce and which potentially makes it difficult for smaller businesses to compete in those areas. Facebook's $19 billion acquisition of Whatsapp in 2014 almost escaped scrutiny from cartel authorities as the messaging service hardly had any revenues at the time, Mundt said, adding that it was apparently still of great strategic importance to Facebook. more...


By Joseph Menn WASHINGTON (Reuters) - Russian authorities in November raided offices associated with a Moscow film distribution and production company as part of a crackdown on one of the world’s most notorious financial hacking operations, according to three sources with knowledge of the matter. Cybersecurity experts said a password-stealing software program known as Dyre — believed to be responsible for at least tens of millions of dollars in losses at financial institutions including Bank of America Corp and JPMorgan Chase & Co — has not been deployed since the time of the raid. Experts familiar with the situation said the case represents Russia’s biggest effort to date to crack down on cyber-crime. more...


BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said on Friday, as the smartphone maker moves to turn around its fortunes and put more emphasis on its enterprise software business. "As BlackBerry continues to execute its turnaround plan, we remain focused on driving efficiencies across our global workforce," the company said in an emailed statement. The layoffs will affect 75 manufacturing jobs in Sunrise, Florida, a state government website showed. more...


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