APPLE CUTS PRODUCTION ORDERS FOR ALL THREE NEW IPHONE MODELS

The Apple Inc shocked investors a few weeks ago with a sales forecast for the Christmas quarter below Wall Street expectations, prompting certain suppliers to issue warnings that pointed to weakness in new iPhone sales
Apple has cut production orders in recent weeks for all three iPhone models launched in September, the Wall Street Journal reported on Monday, citing sources. A lower-than-expected demand for the new iPhones and Apple's decision to offer more models has made it difficult to anticipate the number of components and handsets the company needs, according to the WSJ report here

Apple shares were down 3.7 percent at $186.38 on Monday, while Lumentum, Skyworks Solutions Inc (SWKS.O) and Qorvo Inc (QRVO.O) were down between 2.7 to 6 percent.

Facebook to Fund Trainee Local Newspaper  Reporters in Britain
Facebook is donating 4.5 million pounds ($5.8 million) to train journalists in Britain to support communities that have lost local newspapers and reporters, in no little part due to ad revenue and readers switching online to the social media giant.

The U.S. company said on Monday it recognized the role it played in how people got their news today and it wanted to do more to support local publishers.

Around 80 new trainee reporters funded by Facebook will be recruited by regional publishers Newsquest, JPIMedia, Reach, Archant and the Midland News Association, in a scheme overseen by the National Council for the Training of Journalists (NCTJ), Facebook said.

The pressure facing print publishers was laid bare on Friday when Britain’s Johnston Press, publisher of The Scotsman, The Yorkshire Post and “I” newspapers, filed for administration.

Some 228 local newspapers folded in Britain between 2005 and 2017, according to the Press Gazette, many of them closed by the publishers involved in the Facebook scheme.

The publishers have blamed this on the shift from print to online, and the loss of advertising revenue to platforms like Facebook and Google .

Instagram Cracks Down  on Fake Likes, Follows and Comments
Instagram is the latest social media platform to crack down on fake likes and comments. On Monday, the company began removing "inauthentic" likes, follows and comments from accounts that use third-party apps that falsely inflate popularity. In a blog post, Instagram said this is part of a greater effort to maintain an "authentic" platform.  
The move comes as social media sites, including Instagram's parent company Facebook, face increasing criticism over the presence of trolls, fake news and misinformation on their platforms. Earlier this year, Twitter purged tens of millions of accounts from users' follower counts. These accounts were previously locked due to suspicious activity. Instagram said it built machine learning tools to help detect and remove fake popularity boosting. Users can sign up for such services by providing their username and password in exchange for more likes and followers. These services use bots that leave comments and like posts on real Instagram accounts, often for a fee.

Accounts that use such third-party apps will receive a message notifying them inauthentic likes, follows and comments have been removed from their posts and account. Users will be prompted to change their password and revoke access for the popularity boosting service in order to secure their account. Instagram acknowledges some users may have unintentionally shared their log-in information with third-parties.

Blackout  for Thousands of Dark Web Pages
Hackers have deleted more than 6,500 sites being held on a popular dark web server. Called Daniel's Hosting, the site was sitting on the hidden Tor network and many people used it to host pages they did not want to publish on the wider web.

Administrator Daniel Winzen said no back-ups were kept of the pages it hosted. THe said the site should be back in service in December. "Around 6,500 hidden services were hosted on the server," wrote Mr Winzen in a message put on the welcome page of the web companion to the site.

"There is no way to recover from this breach, all data is gone." Tor, or The Onion Router, is a way of organising web-like pages so it is hard to work out where the information is located and who is running them.

Bitcoin Falls Below $5,000
The value of Bitcoin has fallen below $5,000 (£3,889) for the first time since October 2017.The fall brought the total value of all Bitcoin in existence to below $87bn.

On Thursday, 15 November, Bitcoin Cash - an offshoot of Bitcoin - split into two different crypto-currencies, which are now in competition with each other. And some observers have blamed this for creating turmoil in the crypto-currency markets, with many of the digital assets experiencing falls.

Bitcoin exchange Kraken said in a blog post that it regarded one of the two new Bitcoin Cash crypto-currencies - Bitcoin SV - as "an extremely risky investment". Bitcoin is a notoriously volatile crypto-currency. At its peak, in November 2017, it briefly hit $19,783 - which means the price has fallen by about 75%.

Airbnb to Remove Listings from Illegal Israeli  Settlements
Global online rental marketplace Airbnb says it will remove its listings in the illegal Israeli settlements in the occupied West Bank.

The decision on Monday will lead to about 200 listings being removed from the popular accommodations website, which allows home-owners to rent out rooms, apartments and houses to people.

"We concluded that we should remove listings in Israeli settlements in the occupied West Bank that are at the core of the dispute between Israelis and Palestinians," a statement on the Airbnb website said. The removal of the listings will take place in the coming days, a spokesperson for Airbnb told the Reuters news agency.

The company said it came to the conclusion based on an internal framework used to judge how it handles listings in occupied territories around the world.

"US law permits companies like Airbnb to engage in business in these territories. At the same time, many in the global community have stated that companies should not do business here because they believe companies should not profit on lands where people have been displaced," the statement said.

Dow Falls  500 Points, Dragged Down by Facebook, Apple
Stocks fell sharply Monday, dragged down by reports of trouble at Apple and Facebook. The Dow fell more than 500 points and the Nasdaq tumbled 2.8%.

Facebook stock fell more than 5% as the company continues to deal with the fallout from a New York Times article that detailed Facebook's reaction to political scrutiny and its Cambridge Analytica scandal. CEO Mark Zuckerberg has reportedly adopted a more aggressive, "war"-like style, according to the Wall Street Journal.

Early in the day, stocks fell on news that Apple's newest line of phones may not be selling as well as Apple or its investors had hoped.

Apple's stock fell once more after the Wall Street Journal reported that Apple has cut orders for its iPhone XR, iPhone XS and iPhone XS Max.The new iPhones, which Apple unveiled in September, cost more than previous versions. The $749 iPhone XR is the least expensive new iPhone, but it costs $50 more than last year's cheapest model, the iPhone 8.

The iPhone XS Max can cost up to $1,449. The higher prices -- without many more features -- could be driving customers to keep their current phones longer or buy last year's models. Apple declined to comment about the Journal story or broader concerns about iPhone demand.

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