THE NEWS WRAP: Firefox chief Eich resigns over anti-homosexual controversy

Mozilla cofounder Brendan Eich has resigned after becoming embroiled in a controversy around his support of anti-gay marriage bill Proposition 8.

The controversy escalated when popular online dating site OkCupid launched a series of notifications for users on their site via the Mozilla Firefox, urging them to use another browser.

Eich has resigned from both the for-profit business unit that manages the browser and the not-for-profit organisation in which it resides.

US tried to launch the Cuban Twitter to destabilise the government

The United States attempted to set up a social media site in Cuba, in order to stir unrest and potentially spur on a revolution similar to what was being seen across the Middle East during the Arab Spring.

Officials from the US Agency of Development, the same department that manages the US’s aid programs, even reached out to Twitter cofounder Jack Dorsey for funding for the project.

Google announces overhaul of apps in preparation for the rise of wearables

Google has announced an overhaul of many of their apps in a move they’re calling ‘Google 2.0’ to ensure their apps are ready for a smooth transition to wearable tech platforms.

Reserve Bank calls for greater scrutiny of small business loans

In their submission to the Financial Systems Inquiry, the Reserve Bank of Australia has called for more attention to business loans rather than staying fixated on real estate.

Overnight

The Dow Jones Industrial Average is down to 16572.55. The Aussie dollar is up to US 92.32 cents.