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10 things in tech you need to know today, October 29



elon muskFrancois Mori / Associated

Good morning! This is the tech news you need to know this Monday.

  1. IBM is acquiring software company Red Hat for $34
    IBM will pay $190 per share for the
    software company, which it described as the world’s leading
    provider of open source cloud software.

  2. Elon Musk criticized federal regulators on Twitter and said the
    $20 million fine he paid over his “funding secured” tweet was
    “worth it.”
    The Tesla CEO took veiled shots at the
    Securities and Exchange Commission and federal prosecutors in a
    tweetstorm on Friday.

  3. Facebook has discovered an Iranian influence campaign that was
    followed by more than 1 million people
    said on Friday that it had suspended dozens of “inauthentic”
    pages and accounts that originated in Iran.

  4. Twitter apologised for not responding when a threat was made
    from an account tied to pipe bomb suspect

    Cesar Sayoc
    Twitter said it “made a
    mistake” and that the tweet “clearly violated our rules.”

  5. The suspected Pittsburgh synagogue shooter allegedly had a
    following on a social network that many call the far-right’s
    alternative to Twitter, Gab
    The man who allegedly
    opened fire in a Pittsburgh synagogue Saturday morning was
    reportedly a frequent poster on a relatively new social network
    that has attracted many from the far-right fringe.
  6. Gab had to take its website offline
    gave it 24 hours to find another domain
    Other companies including payment
    provider PayPal blocked Gab over the weekend after it emerged
    that the suspected Pittsburgh shooter was an avid poster.

  7.’s CEO plunged from 16th to 30th richest man in China
    after being arrested in the US over a rape
     Liu Qiangdong fell from 16th to
    30th place on Forbes’s list of China’s richest people.

  8. MIT is giving people control of a real person on Halloween in a
    dystopian game that sounds like an episode of “Black
    MIT Media Lab is hosting a mass online
    social experiment called “BeeMe” where Internet users will
    program the actor by crowdsourcing commands and then voting on

  9. The creators of ‘Fortnite’ just landed $1.25 billion in new
    investment, the largest ever financing round for a video game
    “Fortnite” is the most popular video game
    in the world, with nearly 80 million players per month.

  10. A mysterious Chinese fund that promised £600 million to UK
    startups fired its CEO and there’s no sign of the
    Cocoon Networks launched in the UK promising
    a £500 million fund of its own, a partnership with UCL, and a
    further £100 million joint fund for medical tech.

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