China Arrests Apple Distributors Who Made Millions on iPhone Data

An anonymous reader shares a report: Police in China’s Zhejiang province have arrested 22 (apparently third-party) Apple distributors for allegedly selling iPhone user data. Officials say the workers searched an internal Apple database for sensitive info, such as Apple IDs and phone numbers, and peddled it on the black market for between 10 to 180 yuan with each sale ($ 1.50 to $ 26). All told, the distributors reportedly raked in more than 50 million yuan, about $ 7.36 million, before authorities stepped in.

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How The World’s Richest Doctor Gave Away Millions — To Himself

The world’s richest doctor had just made a $ 12 million gift to the University of Utah. Not mentioned in any of the tributes to his philanthropy: $ 10 million would be sent right back to one of his companies.
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I Confronted The Man Who Fooled Me (And Millions Of Strangers) With Diane In 7A

I thought I’d scooped the biggest viral story of the year — turns out, I’d fallen for an elaborate joke. Over a year later, still plagued by embarrassment and resentment, I sat down with Elan Gale, the guy whose fake midair fight nearly derailed my career just as it was starting.
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Leaked Documents Suggests Uber Is ‘Losing Millions’

New submitter DaneTerry88 points out an article about the financial state of Uber, poster child for the sharing economy. Documents leaked to Gawker seem to indicate the company is still far from profitable, despite its popularity. “They show operating losses of more than $ 100m (£65m) in the second quarter of 2014, albeit coupled with steady growth in revenue.” Uber did not deny the leak, but pointed out they are still building the business, which requires a lot of investment. The company has been valued as high as $ 50 billion, and only a few days ago received a $ 100 million investment from Microsoft.

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Leak Documents Suggests Uber Is ‘Losing Millions’

New submitter DaneTerry88 points out an article about the financial state of Uber, poster child for the sharing economy. Documents leaked to Gawker seem to indicate the company is still far from profitable, despite its popularity. “They show operating losses of more than $ 100m (£65m) in the second quarter of 2014, albeit coupled with steady growth in revenue.” Uber did not deny the leak, but pointed out they are still building the business, which requires a lot of investment. The company has been valued as high as $ 50 billion, and only a few days ago received a $ 100 million investment from Microsoft.

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Report: US Military Is Wasting Millions On Satellite Comms

An anonymous reader writes: Fast information exchange is the key to a powerful military, and satellites have been an incredible boon to the commanders of modern fighting forces. But a new report from the Government Accountability Office says the U.S. military is vastly overpaying for its satellite communications, to the tune of tens of millions of dollars. They say the Department of Defense “has become increasingly reliant on commercial SATCOM to support ongoing U.S. military operations.” You see, every part of the DoD is required to go through the Defense Information Systems Agency when procuring SATCOM equipment. The problem is that this process is incredibly slow, and fraught with red tape. Because of this, many in the military skip DISA and go straight to commercial providers — at a steep markup. The GAO estimates that this cost taxpayers around $ 45 million extra in a single year.

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