Coinbase is investigating insider trading, UK MPs hit out at tech companies, and Apple had a rare stock downgrade. Good morning! Here’s the technology news you need to know this Wednesday.
1. Coinbase is investigating insider trading after it enabled — and then disabled — bitcoin cash trading. Bitcoin cash is a spin-out cryptocurrency of bitcoin that was created in August.
2. Members of Parliament in the UK tore into Google, Facebook, and Twitter. The European policy heads of the three firms were hauled before the Home Affairs Select Committee.
3. An analyst downgraded Apple stock because of “historical patterns.” The company’s stock has historically taken a hit following the launch of “tick” iPhone models, like the iPhone 5 and iPhone 6.
4. Elon Musk accidentally posted his phone number on Twitter while reaching out to a Facebook executive. He was apparently trying to message John Carmack, the chief technology officer of Facebook’s Oculus virtual reality subsidiary.
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Tech: 10 things in tech you need to know today (GOOG, FB, TWTR, AAPL)
