Twitter’s Dorsey says to give a third of his stock to employee equity pool

(Reuters) – Twitter Inc Chief Executive Jack Dorsey said he is giving a third of his stock in the company, about 1 percent, to the employee equity pool. This move is to “reinvest directly in our people,” Dorsey, who was named as the company's permanent CEO earlier this month, said in a tweet on Thursday. Twitter could not be reached immediately for a comment outside regular business hours.

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Pandora says has paid $500 million in artist royalties in past year

(Reuters) – Internet radio service Pandora Media Inc said it paid nearly $500 million in artist royalties over the past 12 months, bringing the total to more than $1.5 billion in about 10 years. “It took us nearly nine years to generate the first billion dollars in royalties, and just over a year to increase that total by 50 percent,” Chief Executive Brian McAndrews said in a statement on Wednesday. Pandora gets revenue from advertising and paid subscriptions

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SAN FRANCISCO (Reuters) – was unavailable on Monday for some users across the United States but the mobile app and Tweetdeck, another Twitter website that allows users to view multiple browsers at once, appeared to be working normally. Twitter users and others said they received a message that read “something is technically wrong” when trying to open the Twitter website on their personal computers

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Mozilla says hackers stole information from Bugzilla

(Reuters) – Mozilla, creator of the popular Firefox web browser, said hackers had stolen security-sensitive information from Bugzilla, its bug tracker, and used it to “attack” Firefox users. The account that the hackers broke into was shut down shortly after the company discovered it had been compromised, the company said in a blog post. ( (Reporting by Devika Krishna Kumar in Bengaluru; Editing by Maju Samuel)

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Shutterfly quarterly revenue rises 15.5 percent

(Reuters) – Shutterfly Inc reported a 15.5 percent rise in quarterly revenue as more customers used its personalized photo-based products and services. The company’s net loss narrowed to $23.8 million, or 63 cents per share, in the second quarter ended June 30 from $27.1 million, or 70 cents per share, a year earlier. Net revenue rose to $183.9 million from $159.1 million.

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Obama touts overtime pay proposal as ‘fair’ on Twitter

WASHINGTON (Reuters) – President Barack Obama touted his new proposal to increase the number of workers eligible for overtime pay on Monday, saying on Twitter “a hard day's work deserves a fair day's pay.” The Department of Labor proposal would make nearly 5 million more workers eligible for overtime pay, a move that could face legal challenges. (Reporting By Julia Edwards; Editing by Bill Trott)

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Foreign entity or government believed behind U.S. data breach: law enforcement official

WASHINGTON (Reuters) – A foreign entity or government is believed to be behind a massive cyber breach that compromised the data of about 4 million current and former U.S. government employees, a law enforcement official said on Thursday.

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