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Tech World: Google and Facebook tackle fake news, Samsung buys Harman International Industries & more

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Welcome to Tech World, your round up of the top technology news stories from across the globe.

This month, we have Samsung’s acquisition of Harman International Industries, Chinese tech giant Coolpad’s struggle in tough economic conditions and new measures being made by Google and Facebook to tackle the distribution of fake news.

We also speak with Richard Goold from EY about tech mergers and acquisitions.

Could tech accelerators soon become a thing of the past?

Samsung’s acquisition

Samsung acquired connected car tech firm Harman International Industries for $8bn.

This marks the biggest overseas deal made by the South Korean tech giant, to branch out into the area of connected car technologies.

Investigation

The firm is in a bit of hot water at the moment, though, with the South Korean authorities raiding Samsung’s offices.

This is part of a corruption investigation allegedly involving South Korea’s president, its National Pension Fund and Samsung.

Coolpad sales

Chinese tech giant Coolpad reported a sales blow, causing its shares to fall by almost 10%.

The smartphone company blamed tough economic conditions and increased competition for the decline in sales.

Facebook & Google

Facebook and Google announced measures to tackle the distribution of fake news online.

Both have vowed to prevent fake news sites from accessing their vast advertising networks, depriving them of a key revenue source.

Twitter suspension

Richard Goold

Richard Goold, global head of tech law at EY

Meanwhile, Twitter made a bit of a blunder recently, accidentally suspending the account of its own chief executive – Jack Dorsey.

His account was suspended for around half an hour due to an “internal mistake”, which also caused his follower count to fall from almost 4 million to less than 150.

Hot Topic: Mergers & acquisitions

In this episode’s Hot Topic interview, we spoke with Richard Goold, global head of tech law at EY, about 2016’s tech merger and acquisition trends, and he explained what we can expect to see next year.

That’s all for this month’s roundup. Visit our Tech World channel for more and subscribe now to receive future videos to your inbox.

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