Facebook acquires video compression startup QuickFire
Facebook said Thursday it has acquired video-compression company QuickFire Networks, further underscoring the social networking giant’s increasing focus on video.
Read more on Wall Street Journal

Apple: First-week app sales in January set new record
During the first week of January, consumer spent half a billion dollars on apps and in-app purchases from Apple’s App Store, a new company record.
Read more on USA Today

China bans private drivers on ride-hailing apps
China has banned drivers of private cars from offering services through ride-hailing apps, throwing up a new hurdle to Uber Technologies Ltd.’s global expansion.
Read more on ABC News