Reuters Technology Report: June 20, 2016

Click to View in Browser Monday, June 20, 2016 Facebook investors OK new share class to keep Zuckerberg at helm (Reuters) - Facebook Inc shareholders approved a proposal to create a new class of non-voting shares, a move aimed at letting Chief Executive Officer Mark Zuckerberg give away his wealth without relinquishing control of the social media company he founded. Fed internal watchdog to study oversight of cybersecurity at banks WASHINGTON (Reuters) - The Federal Reserve's internal watchdog plans to study how well the central bank is overseeing cybersecurity practices at financial institutions, the U.S. central bank said on Monday. Shanghai emerging frontrunner for Tesla's China production: Bloomberg (Reuters) - Tesla Motors Inc is eyeing Shanghai for its China production base in an investment that could be worth about $9 billion, Bloomberg reported. Australian 'bitcoin founder' quietly bidding for patent empire SYDNEY/SINGAPORE (Reuters) - Craig Wright, the Australian who claimed to be the inventor of bitcoin, is attempting to build a large patent portfolio around the digital currency and technology underpinning it, according to associates of his and documents reviewed by Reuters. Apple to lose weighting in Russell index, shares could fall NEW YORK (Reuters) - After dropping more than $200 billion in market capitalization in one year, Apple shares could fall further as they are set to lose their weighting and be reclassified in the annual reconstitution of the widely followed Russell indexes. U.S. FCC to vote on spectrum for 5G wireless networks WASHINGTON (Reuters) - The U.S. Federal Communications Commission will vote July 14 on new rules to identify and open spectrum for next-generation high-speed 5G wireless applications, the panel's chairman said on Monday. Twitter buys machine-learning firm Magic Pony to boost image content (Reuters) - Twitter Inc said on Monday it acquired London-based Magic Pony Technology, a machine-learning startup that specializes in working with images, to deliver better video and picture content. Spotify monthly active user base reaches 100 million STOCKHOLM (Reuters) - Swedish music streaming service Spotify said on Monday its user base had grown to 100 million, up from 75 million previously, as it pushed into new markets and despite competition from the likes of Apple Music. Wal-Mart to sell China online unit to JD.com for a 5 percent stake (Reuters) - Wal-Mart Stores Inc said on Monday it plans to sell its Chinese e-commerce business Yihaodian to Chinese online retailer JD.com Inc for a 5 percent equity stake in JD.com, a strategic alliance that aims to expand WalMart's reach in China to more customers. Exclusive: Francisco Partners, Elliott near Dell software deal - sources (Reuters) - Buyout firm Francisco Partners and the private equity arm of activist hedge fund Elliott Management Corp are in advanced talks to acquire Dell Inc's software division for more than $2 billion, three people familiar with the matter said. Related Video Meet South Korea's cyber army T Rex may have been Asian immigrant Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2016 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook