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Thu, Apr

Facebook Inc said on Friday it will pull the plug on the ‘Trending’ topics feature that compiles popular news from its social network, as it seeks to ensure users see news from trustworthy and quality sources. The move, effective next week, comes at a time when the world’s largest social network is combating the spread of fake news on its platform, which has in some places become central to the distribution of news.

Canon has announced that it is officially discontinuing the sale of EOS-1v, its last film camera, as reported by PetaPixel. Production of the EOS-1v, which was launched in 2000 actually ended back in 2010, but Canon continued to sell the remaining stock.

It appears that Sony is gearing up for the PS5, stating that the PS4 is reaching the end of its life. During the company's investor relations day or Sony IR Day as it's known, PlayStation boss John Kodera said according to The Wall Street Journal's Takashi Mochizuki's, that the "PS4 is entering final phase of its life cycle, which would have negative impact to the unit, but recurring revenue via membership services etc should cushion some of that".

Cambridge Analytica, the firm at the centre of this year’s Facebook privacy row, filed for voluntary Chapter 7 bankruptcy in a New York court late on Thursday. Cambridge Analytica LLC listed assets in the range of $100,001 to $500,000 and liabilities in the range of $1 million to $10 million.

Opera Software, owners of the popular Opera Mini and web browser are making moves to expand their recently announced mobile payment service, the Opera Pay, to Nigeria. It was revealed that to achieve the Nigeria expansion, the company is at the concluding stages of talks to acquire a majority stake in Paycom, a mobile payment platform owned by Nigeria’s Telnet Group.

Koo Bon-Moo

LG Group chairman Koo Bon-moo has died at 73 after fighting brain disease since 2017. He helped transform South Korea’s fourth-largest conglomerate into a global brand passed on on Sunday after a battle with brain disease. As is common among giant South Korean corporations, his son (LG Electronics' info display leader Koo Kwang-mo) is expected to take the reins.

Google’s YouTube will launch a music streaming service next week, it said on Thursday, looking to use its popular internet video brand to tap the growing market for paid music streaming. YouTube Music, which will offer both ad-supported and $9.99-per-month versions, will compete directly with services from Spotify, Pandora Media, Apple Music and Amazon.

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