Zuckerberg sells nearly $500 million Facebook stock in February

(Reuters) - Facebook Inc (FB.O) Chief Executive Officer Mark Zuckerberg sold nearly $500 million in the company’s shares in February to fund his philanthropic investment vehicle, the Chan Zuckerberg Initiative (CZI), regulatory filings showed. The move is not a surprise, being part of Zuckerbe...

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SEC probes Overstock's blockchain platform, shares slide

(Reuters) - Online retailer Overstock.com Inc (OSTK.O) said on Thursday the U.S. Securities and Exchange Commission was investigating its blockchain platform tZERO and its cryptocurrency. Overstock said it would cooperate with the SEC and was responding to the agency’s request for documents. S...

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Equifax discovers another 2.4 million customers hit by data breach

(Reuters) - Equifax Inc (EFX.N), a provider of consumer credit scores, on Thursday said it found another 2.4 million U.S. consumers hit by a data breach last year, bringing the total to 147.9 million. The company said the latest batch of consumers affected had their names and driver’s license ...

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Norway's Telenor seeks salvation in the cloud

BARCELONA (Reuters) - Picture an old telephone exchange with operators connecting calls manually, add vast computing power by putting it on the Amazon cloud, and you have Working Group Two -- a new platform for hosting ‘virtual’ mobile networks. Spun out of, and backed by, Norway’s...

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China issues first licenses to road test driverless vehicles

HONG KONG (Reuters) - China issued licenses to auto makers on Thursday that allow self-driving vehicles to be road tested for the first time, the state-owned Xinhua news agency reported. Two licenses were offered to Shanghai-based SAIC Motor Corp Ltd, and the other went to electric vehicle start-up ...

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Pension fund trims stake in Angry Birds maker Rovio

HELSINKI (Reuters) - Finnish pension fund Varma has trimmed its stake in mobile game and animation studio Rovio, known for its hit title Angry Birds, from 3.43 percent to 0.85 percent of shares, Rovio said on its website on Thursday. Shares in the company, which listed on the Helsinki bourse last Se...

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Nonprofits scramble to comply with new Google ad policy

SAN FRANCISCO(Reuters) - Thousands of nonprofit organizations could lose a monthly advertising grant from Alphabet Inc’s Google as soon as Thursday, cutting off an important source of traffic to their websites. Google gives $10,000 in credits each to 35,000 nonprofits worldwide every month to ...

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Big pharma, big data: why drugmakers want your health records

LONDON (Reuters) - Drugmakers are racing to scoop up patient health records and strike deals with technology companies as big data analytics start to unlock a trove of information about how medicines perform in the real world. Studying such real-world evidence offers manufacturers a powerful tool to...

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Banks complete 25 million euros securities transaction on blockchain platform

NEW YORK (Reuters) - Credit Suisse Group AG (CSGN.S) and ING Groep NV (INGA.AS) have completed a 25 million euros ($30.48 million) securities lending transaction using blockchain-based software, the companies said on Thursday, as more projects involving the nascent technology behind cryptocurrencies...

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Sky strikes deal to add Netflix to its European pay-TV bundles

LONDON (Reuters) - Sky, the European pay-TV group at the center of a fierce takeover battle, said it would add online video service Netflix to a new TV bundle, bringing drama like “The Crown” to its sport and entertainment offer for the first time. Netflix’s mix of original drama a...

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Singapore explores rules to protect investors in cryptocurrencies

SINGAPORE (Reuters) - Singapore’s central bank is assessing whether additional regulations are required to protect investors in cryptocurrencies, an official said in a speech released on Thursday. The city-state - which is aiming to be a hub for financial technology and so-called initial coin ...

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Back up Your Files

If you use a computer or mobile device long enough, sooner or later something will go wrong, resulting in you losing your personal files, documents, or photos. For example, you may accidentally delete the wrong files, have a hardware failure, lose a device, or become infected with malware, such as r...

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Spotify plans to list shares, fend off Apple and Amazon

(Reuters) - Music streaming service Spotify on Wednesday filed for a direct listing of its shares, laying out financial data for the first time that cheered some analysts but led others to question how it could turn a profit from its growing subscriber base. Spotify, which wants to trade as SPOT on ...

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Facebook's Sandberg uses investor meeting to urge gender equality

SAN FRANCISCO (Reuters) - Facebook Inc Chief Operating Officer Sheryl Sandberg brought her message about workplace gender equality to a typically male domain on Wednesday, urging attendees at an investor conference to improve mentoring of junior female colleagues. Sandberg, the No. 2 executive at th...

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Spotify files for direct listing on New York Stock Exchange

(Reuters) - Music streaming service Spotify on Wednesday filed for a direct listing of its shares, taking an unusual path to the U.S. public markets for a large company. A direct listing will let Spotify list existing shares, owned by its investors and employees, without raising new capital or hirin...

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Facebook CFO says news feed changes will not have profound impact on ads

SAN FRANCISCO (Reuters) - The changes that Facebook Inc is making to its centerpiece News Feed to emphasize friends and family will not have a large impact on the social network’s ad business, Chief Financial Officer David Wehner said on Wednesday. “I don’t think the impact on the ...

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Facebook says finds no new evidence Russia interfered in Brexit referendum

(Reuters) - Facebook Inc has told a British parliamentary committee that further investigations have found no new evidence that Russia used social media to interfere in the June 2016 referendum in which Britain voted to leave the European Union. Facebook UK policy director Simon Milner in a letter o...

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Spotify files for direct listing of up to $1 billion

(Reuters) - Music streaming service Spotify on Wednesday became the first major company to file for a direct listing of up to $1 billion with the U.S. Securities and Exchange Commission. A direct listing is an unconventional way to pursue an IPO without raising new capital, helping the company elimi...

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Google's shopping rivals call for action from EU antitrust watchdog

BRUSSELS (Reuters) - Google competitors have called for further action by European Union antitrust regulators to ensure the Alphabet-owned firm treats rivals offering shopping services equally. Last year, Google said it would allow competitors to bid for ads at the top of a search page, giving them ...

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Google launches Slack competitor Hangouts Chat

SAN FRANCISCO (Reuters) - Google released an update to its internet chat tool Hangouts on Wednesday, aiming to make it suitable in workplaces so the Alphabet Inc unit can compete with business software makers including Microsoft Corp and Slack Technologies Inc. Hangouts Chat supports instant messagi...

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