Tech 2.0 for Friday, May 10, 2013

Contributor: Matt Davenport
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Updated: 5/10/2013 2:41 pm


So, if you decide to subscribe to those YouTube channels they will be offering, what can you expect to see? Among the fare you will be able to watch are children's shows like "Sesame Street" and "Inspector Gadget" as well as a series of B movies by Roger Corman. YouTube is soon to roll out an all-you-can watch set of channels that require a monthly fee. Though the site has been renting and selling movies and TV shows since 2008, most people watch the videos on the site for free. The site has about a billion visitors a month worldwide. And Google -- its parent company -- hopes to add to its profits the money it can get from subscribers.

Federal prosecutors say a global gang of criminals -- and some outdated credit card technology -- are to blame for the theft of some $45 million in just a matter of hours. Authorities say seven people have been arrested in the U.S. in the case. Prosecutors say the ring pulled off thousands of thefts from ATMs using bogus magnetic swipe cards carrying information from Middle Eastern banks. One federal prosecutor in New York calls the ring "a massive 21st-Century bank heist." Hackers got into bank databases, eliminated withdrawal limits on prepaid debit cards and created access codes. Others loaded that data onto any plastic card with a magnetic stripe -- such as an old hotel key card or an expired credit card. The operatives then spread around to quickly withdraw money in multiple cities, take a cut of the proceeds and ship it to the global ringleaders. Authorities aren't saying -- at least now -- where the ringleaders were located.

There has been a settlement of a lawsuit against Facebook. A company called Timelines Incorporated claims the social networking site violated its trademark of the word "timeline." Word of the agreement is in a filing this week in a federal court in Chicago. No details were disclosed. Timelines was launched in 2009 -- two years before Facebook released its timeline feature. Facebook had asked a judge to dismiss the suit, claiming the word "timeline" was too generic to be trademark. But the judge disagreed, noting Facebook has sought legal protection of words it has trademarked like "poke" and "like."


YouTube channels you'll have to pay for have arrived http://t.co/OkUvHtt9vm

You will now have to pay to watch certain YouTube channels http://t.co/1crNtHwuRq

Reuters: Alleged Dominican head of New York ATM thefts was shot dead http://t.co/t0ooyjZJN7

Crazy. Feels like we could be headed for Fight Club scenario�� In Hours, Thieves Took $45m in ATM Scheme http://t.co/5B1BGmzELL

RT @RT_The_Best: Social Media News: There's a settlement in a lawsuit against Facebook Inc. in which Timelines Inc. alleges the... http://t.co/dtPzoYhvJz

RT @RobMeyerson: Facebook continues using 'Timeline' name after settling lawsuit with Timelines, Inc. - http://t.co/7fX4albXsr
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