Below please find a roundup of business and technology news from the past week.
- Reuters reports on Facebook’s latest data breach, this one affecting 29 million of its users.
- The Washington Post describes a “western walkout” of the business leaders’ meeting touted as “Davos in the desert,” as reports grow more detailed regarding allegations of the torture and murder of Post reporter Jamal Khashoggi. Relatedly, the UK’s Guardian newspaper asks: How much damage can Saudia Arabia do to the global economy?
- Also from Reuters, retailer Sears has filed for Chapter 11 bankruptcy and plans to close 142 stores as the company and its subsidiary, Kmart, hopes to restructure its debts.
- Finally, CNBC discusses Fidelity Investments’ new cryptocurrency arm, Fidelity Digital Asset Services. Fidelity Digital Asset Services is a new and separate company from Fidelity Investments and will oversee custody for cryptocurrencies like Bitcoin, handling trades on multiple exchanges.
About JBTL Online Weekly News Roundups
JBTL strives to provide its readers with updates regarding recent news and analysis at the intersection of law and technology. Check out JBTL Online for weekly updates regarding recent developments and subscribe to get updates right in your inbox.