GoPro considering selling itself, hires J.P. Morgan: source

(Reuters) - GoPro Inc (GPRO.O) is considering selling itself and has hired J.P. Morgan to help it with the process, a source familiar with the matter told Reuters on Monday. Earlier in the day, the company lowered its fourth-quarter revenue forecast on weak demand for cameras in the holiday season a...

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Bitcoin slides as website drops South Korea prices from virtual currency rates

NEW YORK (Reuters) - Bitcoin sank on Monday after website CoinMarketCap removed prices from South Korean exchanges from its calculations of digital currency rates without any warning, resulting in a steep drop in all virtual coins they track. CoinMarketCap shows real-time prices and market capitaliz...

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Ex-Google engineer fired over diversity memo sues company

SAN FRANCISCO (Reuters) - The former Google engineer fired in August after he wrote a memo that the company said perpetuated gender stereotypes sued his former employer on Monday, saying he was the victim of workplace discrimination and retaliation. James Damore and another former Google engineer, D...

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Toyota unveils self-driving concept vehicle for rides, deliveries

LAS VEGAS (Reuters) - Toyota Motor Corp announced on Monday a self-driving electric concept vehicle that it will tailor for companies to use for tasks like ride hailing and package delivery, underscoring how automakers are no longer simply building cars but also providing services to go with them. T...

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VTech to settle charges it violated children's privacy: U.S. FTC

WASHINGTON (Reuters) - Electronic toymaker VTech has agreed to settle charges that the company violated a U.S. children’s privacy law by collecting personal information without providing notice or obtaining parental consent, the Federal Trade Commission said on Monday. Hong Kong-based VTech El...

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Facebook, Sony/ATV sign music licensing deal

(Reuters) - Sony/ATV said on Monday it signed a licensing agreement with Facebook Inc that will allow the social media platform’s users to upload and share videos from the music publishing company’s catalog on Facebook and Instagram. The multi-year deal will allow artists associated with...

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GoPro lowers sales view on weak demand, to exit drone business

(Reuters) - GoPro Inc on Monday said it expects lower fourth-quarter revenue, hit by weaker demand for cameras in the holiday season and plans to exit the drone business, sending its shares to a record low. The company, once a Wall-Street favorite, has seen a decline in demand for its cameras and Ka...

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GoPro lowers sales view, to cut over 250 jobs after weak demand

(Reuters) - GoPro Inc said on Monday it expects fourth-quarter revenue to fall below its earlier forecast and lowered the price of its Hero6 cameras due to weak demand, and the action camera-maker also said it would cut more than 250 jobs. GoPro, whose cameras and drones are mostly used by sports ju...

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Cryptocurrency may be getting quietly channeled to North Korea university: report

SEOUL (Reuters) - A cybersecurity company said it has found software that appears to install code for mining cryptocurrency and sends any mined coins to a server at a North Korean university, the latest sign that North Korea may be searching for new ways to infuse its economy with cash.  T...

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GoPro lowers fourth quarter revenue forecast, cuts more than 250 jobs

(Reuters) - GoPro Inc said on Monday it expects fourth-quarter revenue to fall below its earlier forecast and the action camera-maker also said it would lower its workforce to fewer than 1,000 from the current 1,254 employees. The company has also cut the price of its highly anticipated Hero6 camera...

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Bitcoin drops below $15,000 as South Korea reviews accounts

NEW YORK (Reuters) - Bitcoin fell below $15,000 (11,073.38 pounds) on Monday after South Korea’s financial regulator said it and other agencies are inspecting six local banks that offer digital currency accounts to institutions. Bitcoin, the world’s biggest virtual currency by market val...

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Bitcoin is an asset, not a currency: Israel's central bank

JERUSALEM (Reuters) - Israel’s central bank said on Monday it would not recognise virtual currencies such as bitcoin as actual currency and that it was difficult to devise regulations to monitor the risks of such activity to the country’s banks and their clients. Deputy Governor Nadine B...

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Starboard says chipmaker Mellanox's 2018 targets insufficient

(Reuters) - Activist hedge fund Starboard Value LP criticized Israeli chipmaker Mellanox Technologies Ltd’s 2018 targets on Monday, saying they were insufficient and too heavily reliant on revenue growth. In December, Mellanox had forecast low to mid-teens revenue growth in fiscal 2018, compar...

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South Korea inspects six banks over virtual currency services to clients

SEOUL (Reuters) - South Korean financial authorities on Monday said they are inspecting six local banks that offer virtual currency accounts to institutions, amid concerns the increasing use of such assets could lead to a surge in crime. The joint inspection by the Financial Services Commission (FSC...

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South Korea inspects six banks over clients' virtual currency accounts

SEOUL (Reuters) - South Korea’s financial regulator said on Monday it is jointly carrying out inspections on six local banks that offer virtual currency accounts to institutions. The joint inspection by the Financial Services Commission (FSC) and Financial Supervisory Service (FSS) will check ...

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Nvidia partners with Uber, Volkswagen in self-driving technology

LAS VEGAS (Reuters) - Nvidia Corp will partner with Uber Technologies Inc [UBER.UL] and Volkswagen AG (VOWG_p.DE) as the graphics chipmaker’s artificial intelligence platforms make further gains in the autonomous vehicle industry. The company, which already has partnerships in the industry wit...

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Denmark's GN takes aim at Apple with wireless earbuds

COPENHAGEN (Reuters) - Denmark’s GN Store Nord is aiming to win a bigger slice of the rapidly growing market for wireless earbuds by introducing a new product challenging Apple’s popular Airpods. Wireless is expected to account for an increasing share of the $9.6 billion global earphone ...

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Apple should address youth phone addiction, say two large investors

NEW YORK (Reuters) - Apple Inc shareholders Jana Partners and the California State Teachers’ Retirement System are urging the smartphone maker to take steps to address what they say is a growing problem of young people getting addicted to Apple’s iPhones, Jana partner Charles Penner said...

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German opposition calls for abolition of online hate speech law

BERLIN (Reuters) - Germany’s opposition parties on Sunday called for the abolition of a new law that aims to rid social media of hate speech, saying it was wrong for private companies to be making decisions about whether posts are unlawful. The legislation, which came into force on Jan. 1, can...

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U.S. company plans funds that double bitcoin price moves

NEW YORK (Reuters) - U.S. fund managers are ramping up efforts to tap into the fever surrounding digital assets, and the latest planned bitcoin products could deliver some head-turning and stomach-churning price movements if they come to market. The new idea is to build “leveraged” and &...

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