Technology

SAN FRANCISCO (Reuters) – A group of investors led by SoftBank Group Corp (9984.T) closed a deal with Uber Technologies Inc [UBER.UL] on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber. The deal includes a large purchase of shares from existing Uber investors and employees
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SINGAPORE (Reuters) – Alphabet Inc’s (GOOGL.O) Google, Singapore state investor Temasek and Chinese online platform Meituan-Dianping are investing in Indonesian ride-hailing start-up Go-Jek as part of a $1.2 billion fundraising round, sources familiar with the matter said. The investments by Google – its first in a ride-hailing firm in Asia – and the other prominent
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WASHINGTON (Reuters) – Twitter may notify users whether they were exposed to content generated by a suspected Russian propaganda service, a company executive told U.S. lawmakers on Wednesday. The social media company is “working to identify and inform individually” its users who saw tweets during the 2016 U.S. presidential election produced by accounts tied to
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LONDON (Reuters) – Standard Chartered said on Wednesday it had established a business unit to invest in financial technology and promote innovation. Dubbed SC Ventures, it will include internal consultants to help the rest of the group solve problems with technology and a team to sponsor and oversee new disruptive technology ventures owned by StanChart.
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JAKARTA (Reuters) – Indonesia’s central bank has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial system. Bank Indonesia (BI) has previously said that cryptocurrencies were not recognized as a legal medium of exchange,
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LOS ANGELES (Reuters) – Facebook Inc (FB.O) Chief Operating Officer Sheryl Sandberg and Twitter Inc (TWTR.N) Chief Executive Jack Dorsey will not seek re-election to Walt Disney Co’s (DIS.N) board because of growing conflicts of interest between the media giant and the technology companies, Disney said on Friday. Disney is moving heavily into online delivery
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(Reuters) – Shares of Facebook Inc (FB.O) fell more than 4 percent on Friday and were on track for their worst session in more than three months after Chief Executive Mark Zuckerberg announced changes that he said would hit user engagement in the near term. Zuckerberg said late on Thursday the world’s largest social network
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LONDON (Reuters) – London has renewed premium car service Addison Lee’s license to operate in the capital for the next five years, less than four months after Uber [UBER.UL] was stripped of its license. In September, regulator Transport for London (TfL) refused Uber’s application, citing problems with the company’s approach to reporting serious criminal offences
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BEIJING (Reuters) – China reprimanded three top tech firms on Friday over poor privacy protections, as tech companies face an increasing backlash from consumers and authorities over excessive data collection practices. Alibaba Group Holding Ltd payment affiliate Ant Financial, search firm Baidu Inc and Beijing Bytedance Technology Co, which oversees popular news feed app Jinri
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(Reuters) – The U.S. House of Representatives on Thursday passed a bill to renew the National Security Agency’s warrantless internet surveillance program, overcoming objections from privacy advocates and confusion prompted by morning tweets from President Donald Trump that initially questioned the spying tool. The legislation, which passed 256-164 and split party lines, is the culmination
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WASHINGTON (Reuters) – The U.S. Senate will next month hold a hearing with the country’s top markets regulators to discuss the risks posed by cryptocurrencies such as bitcoin, a person with direct knowledge of the matter told Reuters. The Senate Banking Committee will take testimony from Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo and
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ZURICH (Reuters) – Chinese bitcoin mining giant Bitmain Technologies is expanding to Switzerland in a move that will be key to widening its reach, the group told a Swiss newspaper. Bitmain Switzerland was registered in Zug, Switzerland in late December according to commercial registry filings accessed on Wednesday. Experts say China is one of the
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SAN FRANCISCO (Reuters) – Shares of Eastman Kodak Co (KODK.N) more than doubled on Tuesday after the one-time leader in photography became the latest company to jump on the cryptocurrency bandwagon. The storied Rochester, New York-based company said in a statement it is launching a cryptocurrency called “KODAKCoin” for photographers, part of “KODAKOne,” an image
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(Reuters) – Microsoft Corp (MSFT.O) said on Tuesday that software patches released to guard against microchip security threats slowed down some personal computers and servers, with systems running on older Intel Corp (INTC.O) processors seeing a noticeable decrease in performance. The comments in a blog post were the clearest signal from Microsoft that fixes for
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SHANGHAI/HONG KONG (Reuters) – Alibaba Group Holding Ltd (BABA.N) will “seriously consider” listing in Hong Kong, founder Jack Ma said, potentially providing a powerful boost to the financial hub which is preparing to allow dual-class share listings. Ma made the comments at an event in the city on Monday in response to remarks made by
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