Angolan president demands curbs on social media

Angolan President Jose Eduardo dos Santos called on Friday for a crackdown on social media, heightening concerns about the tolerance of dissent or political opposition in Africa's number two oil producer. In a surprise television address, dos Santos, who has run the former Portuguese colony since 1979, said websites such as Facebook were useful for disseminating information but were being abused to publish “derogatory and morally offensive content”

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OpenText eyeing significant acquisition driven growth: CEO

By Euan Rocha TORONTO (Reuters) – OpenText Corp , one of Canada’s most valuable technology companies, plans to roughly double its revenue and cash flows in the next few years largely through acquisitions, its Chief Executive Mark Barrenechea said on Wednesday. “When we look out over the next three to four years, we are looking to spend $3 billion in acquisitions, and we typically buy revenue at a 2 times multiple, so that would be $1.5 billion of acquired revenues,” Barrenechea said during an interview in Toronto. “If you just use the low end of our target margin range of 34 percent that $3 billion in acquisitions will double the cash flow of the company,” he said.

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Facebook’s Zuckerberg speaks out in support of Muslims

SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg on Wednesday said he supported Muslims in his community and around the world. Muslims in the United States and abroad have been criticized in the wake of attacks in Paris and San Bernardino, California. “As a Jew, my parents taught me that we must stand up against attacks on all communities

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AT&T CEO hints at launching mobile video streaming service

AT&T Inc Chief Executive Randall Stephenson on Tuesday hinted at launching a mobile video streaming service as early as January to target price-conscious U.S. viewers who don't currently have pay-TV subscriptions. AT&T is interested in putting together a content bundle that can be viewed on a smaller screen, or to a single screen in a home that's not set-top box-driven, Stephenson said

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Facebook’s Zuckerberg: No tax benefit from philanthropic initiative

SAN FRANCISCO/BENGALURU (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg said on Thursday he and his wife would receive no tax benefit from setting up their new philanthropic endeavor as a limited liability company and hinted at the types of efforts it would support. In a post on his Facebook page, he wrote that “just like everyone else, we will pay capital gains taxes when our shares are sold by the LLC.” While reiterating that the entity, called the Chan Zuckerberg Initiative, would focus on areas like education and disease, he indicated the efforts would be similar to philanthropy he and his wife, Priscilla Chan, had already supported.

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Tegna CEO looks to rejuvenate local TV

Tegna Inc, the broadcast and digital company that split from Gannett Co Inc earlier this year, has assembled a group of employees to make local broadcast television, including news, more interesting to a younger audience. The McLean, Virginia-based company is also trying to create more original programming and discussing ways to better integrate its lineup with social media, Chief Executive Officer Gracia Martore told Reuters earlier this month

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Iran’s Revolutionary Guards target popular messaging app in widening crackdown

By Bozorgmehr Sharafedin and Sam Wilkin DUBAI (Reuters) – Iranian authorities have arrested administrators of more than 20 groups on the messaging app Telegram for spreading “immoral content”, semi-official Fars news agency reported on Sunday, the latest detentions in a clampdown on freedom of expression. In recent weeks, Iran's powerful hardline Islamic Revolutionary Guards Corps (IRGC) has rounded up a number of artists, journalists and U.S. citizens, citing fears of Western “infiltration”

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Twitter’s results show its turnaround Moment still far off

Twitter Inc may be counting on Moments to drive growth, but the moment for celebrating a turnaround still looks far off. Anyone hoping that Chief Executive Jack Dorsey's plans to boost growth would have had a big impact on third-quarter results would have been disappointed.

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TalkTalk’s cyber attack piles on the pressure on financial targets

By Paul Sandle and Kate Holton LONDON (Reuters) – Burdened with a poor reputation for customer service, facing increasingly fierce competition and under pressure to hit challenging financial targets, the cyber attack at TalkTalk could not have come at a worse time for the British telecoms firm. Chief Executive Dido Harding shocked customers last week when she said that the broadband, TV, mobile and fixed line telephony services company had been hacked, potentially putting the private details of its 4 million customers into the hands of criminals. “TalkTalk doesn't go into this in the rudest of financial health, by any means,” Arete analyst Steve Malcolm told Reuters.

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Controversial pharma CEO Martin Shkreli bails on Valeant bet

The one-time hedge fund executive now running a biotech firm at the center of a drug-pricing controversy on Monday said he has bailed from a losing bet he made on another contentious drug maker: Valeant Pharmaceuticals International Inc . On the day last week that Valeant shares plunged in response to a shortseller’s accusation of accounting irregularities, Martin Shkreli, head of Turing Pharmaceuticals, took to Twitter to say he had bought shares of Valeant while at the same time selling short the shares of rival Allergan Plc , a transaction known as a pairs trade. Onward and upward,” Shkreli tweeted, just hours after Valeant laid out a detailed defense against the accusations of accounting fraud.

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