Top News for July 11, 2014

Amazon

Here are today's top stories from Tech News Today for July 11, 2014:

  1. State-owned media in China today said Apple's iPhone is a threat to national security. And the reason is bizarre, too. A report by China Central Television, or CCTV, said that the iPhone's location awareness meant that if someone access the location data of China's iPhone users, "an entire country's economic situation and "even state secrets," could be revealed. Read more at wsj.com.

  2. The US government is suing Amazon, saying the online retailer allowed *millions* in unauthorized online purchases by children. This comes after Amazon refused a settlement that would have meant paying back customers and changes to the app store to prevent kids from accidentally buying things. Read more at washingtonpost.com.

  3. Amazon CEO Jeff Bezos was serious when he said he wanted to deliver packages via drone. His company formally asked for permission from the Federal Aviation Administration today to test fast-flying drones that would deliver packages in 30 minutes or less. Read more at wsj.com.

  4. The SEC has halted trading on the purported social media company, Cynk. As of this week, the company's stock price has soared 30,000 percent, making the company worth five billion dollars, but it may not exist. The company has no revenue or assets. Read more at businessinsider.com.

For insight, analysis, and discussion of these topics and more, check out Tech News Today for July 11, 2014.