Slack posts $141 million annual loss as it files to go public

Slack Technologies, operator of the popular workplace instant-messaging app, reported an annual loss of $140.7 million, the company said on Friday ahead of its planned public market debut.

Slack posts $140.7 million loss in FY 2019 as it prepares to go public

Slack Technologies Inc, operator of the popular workplace instant-messaging app, reported a loss of $140.7 million in the fiscal year ended Jan. 31, 2019, the company said on Friday in a regulatory filing ahead of its planned public market debut.

P2P Weakness Exposes Millions of IoT Devices

A peer-to-peer (P2P) communications technology built into millions of security cameras and other consumer electronics includes several critical security flaws that expose the devices to eavesdropping, credential theft and remote compromise, new research has found. A map showing the distribution of s...

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Wirecard chairman will not stand for second term: Handelsblatt

Wulf Matthias will not stand for a second term as Wirecard's chairman in 2020, German daily Handelsblatt said on Friday, citing sources in the financial industry.

Britain must get to bottom of Huawei leak: UK finance minister

Britain must get to the bottom of the leak of confidential discussions during a top-level security meeting about the role of China's Huawei Technologies in 5G network supply chains, British finance minister Philip Hammond said on Friday.

Uber sets terms for IPO, posts $1 billion first-quarter loss

Ride-hailing company Uber Technologies Inc is aiming for a valuation of up to $91.5 billion in its initial public offering, potentially the largest U.S. listing in years and a test of investor appetite for a high-growth but highly unprofitable business.

Uber sets $44-$50 per share price for IPO, posts $1 billion first-quarter loss

Ride-hailing company Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors it would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion.

Sony flags disappointing profit, scraps targets as gaming slows

Sony Corp warned of a sharper-than-expected drop in its annual profit and scrapped some longer-term targets, in a sign a slowdown in its gaming business as its PlayStation 4 console nears the end of its life was beginning to hurt.

Chinese brands rule Indian smartphone market with 2/3rds of share: report

Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo.

China's rocket start-ups go small in age of 'shoebox' satellites

During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China's youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case.

KPN: Excluding Huawei from 5G network will not incur extra costs

Dutch telecom company KPN will strip out equipment made by China's Huawei from its existing core mobile telecommunications network at the same time as it upgrades to 5G technology, the company's Chief Financial Officer said on Friday. Jan Kees de Jager said on a conference call that normally droppin...

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Huawei hopes for Britain-like solution in New Zealand 5G bid

China's Huawei Technologies said Britain's decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Dutch telecom KPN won't use Huawei for 'core' 5G network

Dutch telecom firm Royal KPN NV said on Friday it would select a Western supplier to build its core 5G mobile network, making it one of the first European operators to make clear it would not pick China's Huawei for such work.

Sony sees lower annual profit as gaming business slows

Japan's Sony Corp warned its annual operating profit would drop, after two years of record highs, as its previously thriving gaming business slows and its PlayStation 4 (PS4) console nears the end of its lifecycle.

Yara, IBM to offer digital services to farmers

Fertilizer maker Yara International and IBM plan to launch digital farming services later this year to help boost crop yields, eventually targeting 100 million hectares, or close to 7 percent of arable land worldwide, they said.

Sony forecasts lower annual profit as gaming business slows

Japan's Sony Corp expects its annual operating profit to drop 9.4 percent, after two straight years of record highs, as its gaming business slows and its PlayStation 4 console nears the end of its lifecycle.

Hamas shifts tactics in bitcoin fundraising, highlighting crypto risks: research

The armed wing of Hamas is using increasingly complex methods of raising funds via bitcoin, researchers say, highlighting the difficulties regulators face in tracking cryptocurrency financing of outfits designated by some as terrorist groups.

PayPal to invest $500 million in Uber: Refinitiv IFR

Online payments company PayPal Holdings Inc plans to invest $500 million in Uber Technologies Inc as the ride-hailing firm readies to unveil terms for its initial public offering on Friday, Refinitiv IFR reported.

Nintendo shares fall as much as 5% after conservative guidance

Nintendo Co Ltd's shares fell as much as 5 percent in early Tokyo trading, a day after the gaming company offered conservative earnings guidance and urged caution on the roll-out of its Switch console in China.

Facebook files lawsuit against New Zealand company, three people

U.S. social media giant Facebook Inc on Thursday said it has filed a lawsuit in U.S. Federal court, against a company and three people in New Zealand, alleging the sale of fake engagement services on its Instagram photo-sharing platform.