(Reuters) - Apple Inc’s revenue forecast for the second quarter on Thursday was below market expectations, adding to concerns of a plateau in demand for its newer iPhones, including the anniversary edition iPhone X. The company forecast second-quarter revenue between $60 billion and $62 billio...
(Reuters) - GoPro Inc (GPRO.O) missed its forecast for holiday-quarter revenue on Thursday as it struggles to drive demand for its flagship action cameras. Revenue fell 38.1 percent to $334.8 million in the fourth quarter ended Dec. 31. Net loss narrowed to $55.8 million or 41 cents per share from $...
(Reuters) - Amazon.com Inc (AMZN.O) reported a 38.2 percent jump in fourth-quarter revenue on Thursday, driven by a surge in online shopping during the holiday season and strong demand for its cloud services. Amazon, which shipped over 5 billion items worldwide through its subscription-based Prime s...
SAN FRANCISCO (Reuters) - Short-term home rental service Airbnb Inc will not go public this year, the company said on Thursday, and it appointed its first chief operating officer as it pursues global growth and tighter management of its finances as a more mature company. “We’re working o...
LONDON (Reuters) - Bitcoin, the world’s largest cryptocurrency, skidded 11 percent on Thursday to its lowest since November, as a Facebook ban on cryptocurrency adverts and a growing regulatory backlash against the nascent market frightened investors. Thursday's drop to as low as $9,022 on the...
(Reuters) - Google parent Alphabet Inc is in talks with Saudi state oil giant Saudi Aramco about jointly building a technology hub in Saudi Arabia, the Wall Street Journal reported, citing people familiar with the matter. It is not clear specifically whose data the centers would house or who would c...
NEW YORK (Reuters) - Bitcoin’s popularity and the emergence of about 1,500 other digital coins or tokens have drawn more hackers into the red-hot cryptocurrency space, expanding opportunities for crime and fraud, cybersecurity firm Digital Shadows warned in a report on Thursday. “Cybercr...
LONDON (Reuters) - Bitcoin, the world’s largest cryptocurrency, skidded 11 percent on Thursday to its lowest since late November, as a Facebook ban on cryptocurrency adverts and a growing regulatory backlash against the nascent market frightened investors. Thursday's drop to as low as $9,022 o...
SHANGHAI (Reuters) - Alibaba Group Holding Ltd (BABA.N), China’s biggest e-commerce company, said on Thursday its third-quarter revenue jumped 56 percent, beating expectations as it shrugged off concerns about a wider market slowdown. The firm, which also raised its guidance for the year ahead...
(Reuters) - Shares in Facebook Inc (FB.O) jumped 2.4 percent to a record high in premarket trade on Thursday, an almost 50 percent jump in quarterly revenue and promises to focus on users’ experience on the social network easing concerns over falling usage. At least 12 brokerages raised their ...
(Reuters) - Shares of e-commerce platform eBay Inc surged nearly 11 percent on Thursday after it reported strong results and launched a new partnership to take more control of payments on its sites from long-term partner PayPal Holdings Inc. Little-known Dutch firm Adyen will become eBay’s pri...
SHANGHAI (Reuters) - Alibaba Group Holding Ltd (BABA.N), China’s biggest e-commerce company, said on Thursday third-quarter revenue rose 56 percent, beating expectations as it shrugged off any concerns about a market slowdown. Revenue for the October-December period rose to 83.03 billion yuan ...
LONDON (Reuters) - Bitcoin, the world’s largest cryptocurrency, skidded 9 percent on Thursday to its lowest level since late November, as a Facebook ban on cryptocurrency adverts and a growing regulatory backlash against the nascent market rattled investors. On the Luxembourg-based Bitstamp ex...
(Reuters) - Alibaba Group Holding Ltd (BABA.N), China’s biggest e-commerce company, reported a 56 percent increase in third-quarter revenue, beating analysts’ expectations as the firm shrugged off any concerns about a market slowdown. The company also said it would buy a 33 percent stake...
TOKYO (Reuters) - Authorities in several countries are investigating last week’s $530 million heist involving the NEM cryptocurrency, a member of the foundation behind the digital coin said on Thursday. Takao Asayama, who is a member of the Singapore-based NEM Foundation that is behind the cry...
HONG KONG (Reuters) - Tencent Holdings Ltd is leading a deal to invest 10 billion yuan ($1.59 billion) in Chinese menswear group Heilan Home Co Ltd, upping a retail rivalry with fellow internet giant Alibaba Group Holding Ltd, sources with knowledge of the matter said. China’s second-largest e...
NEW YORK(Reuters) - Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than miss out on this volatile and loosely regulated, but rapidly growing business. So far only a few insurers sell such insurance, includin...
SAN FRANCISCO (Reuters) - Alphabet Inc’s Google has struggled for years to get big businesses to embrace G Suite, its hip alternative to Microsoft Office. Microsoft Corp dominates the $15-billion market for business productivity tools for a reason: Its longstanding product is reliable and IT m...
LONDON (Reuters) - Nextdoor, a social network that acts as an alternative to industry giant Facebook by linking up neighbors rather than friends or colleagues, will launch in France on Thursday. Members can use the San Francisco-based company’s mobile app and website to ask their neighbors for...
Social media sites, such as Facebook, Twitter, Instagram and LinkedIn, are amazing resources, allowing you to meet, interact and share with people around the world. However, all this power also brings risk for you, your family, friends and employer. In this newsletter, we explain what these dangers ...
