Facebook Inc. will delay the unveiling of its upcoming smart speaker with a digital assistant, Bloomberg News reported late Tuesday. The device was set to be previewed at Facebook’s upcoming developers conference in May, but will be put on hold in the wake of the recent scandal involving Cambridge Analytica’s unauthorized mining of Facebook users’ data. Facebook will now take extra time to ensure the new device will sufficiently protect users’ data, Bloomberg said. Facebook still plans to launch the device, which will compete with Amazon.com Inc.’s Echo and Alphabet Inc’s Google Home, later this year, Bloomberg reported.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News