Cashing out in Uber's IPO: China, Russia and the Middle East

In 2015, Uber Technologies Inc went on a fundraising spree in China, tapping venture capitalists and state-backed corporations for cash and connections to try and navigate the Chinese regulatory environment.

Foxconn's Gou retains board seat on proposed board: source

Terry Gou, chairman of Apple supplier Foxconn, will retain a seat on the company's proposed board, a source with knowledge of the matter told Reuters on Friday, as he plans to run for Taiwan's presidential election.

Uber set to debut on NYSE, under pressure to avoid Lyft debacle

Ride services giant Uber Technologies Inc will begin life as a public company on Friday, under pressure to start trading strongly after conservatively pricing its initial public offering.

Foxconn's Gou retains board seat in new proposed board: source

Terry Gou, chairman of Apple supplier Foxconn, will retain a seat on the company's proposed board, a source told Reuters on Friday, as he plans to run for Taiwan's presidential election.

U.S. firm accuses Huawei of enlisting professor to obtain its tech

A U.S. startup company is accusing Chinese telecommunications gear provider Huawei of enlisting a Chinese university professor working on a research project to improperly access the startup's technology, according to court documents filed last week.

GoPro raises revenue forecast on strong demand for new cameras

GoPro Inc raised its full-year revenue forecast and reported a smaller-than-expected loss on Thursday, boosted by strong demand for its new line of action cameras from its flagship brand HERO, sending its shares up 13 percent.

Dropbox raises full-year revenue forecast as paying users rise

File sharing and storage company Dropbox Inc raised its full-year revenue forecast and reported better-than-expected quarterly results, as it added more paying subscribers.

Symantec CEO to step down in abrupt departure as company warns on profit

Symantec Corp's chief executive officer stepped down unexpectedly on Thursday, the same day the antivirus software maker issued a profit warning, sending the shares plunging in after-hours trading.

GoPro raises full-year revenue outlook as cheaper cameras click

GoPro Inc raised its full-year revenue forecast and reported a smaller-than-feared loss on Thursday, boosted by strong demand for its new range of cheaper action cameras from flagship brand HERO, sending its shares up 10 percent.

Uber valued at $82 billion in IPO as market jitters, Lyft woes weigh

Uber Technologies Inc priced its initial public offering on Thursday at the low end of its targeted range to value the company at $82.4 billion, hoping the conservative approach would let it avoid the market chaos suffered by rival Lyft.

U.S. charges Chinese national in hacks of Anthem, other businesses

A federal grand jury charged a Chinese national in a 2015 hacking campaign that affected large U.S. businesses including insurer Anthem Inc, where the breach affected a computer system containing data on nearly 80 million people, according to an indictment unsealed on Thursday.

Uber prices blockbuster IPO conservatively to raise $8.1 billion: sources

Uber Technologies Inc priced its initial public offering on Thursday at the low end of its targeted range, raising $8.1 billion, two people familiar with the matter said, adopting a risk-averse stance toward the most high-profile U.S. listing since Facebook Inc seven years ago.

Symantec CEO Greg Clark steps down, revenue misses

Antivirus software maker Symantec Corp on Thursday reported fourth-quarter revenue below analysts' estimates and said Chief Executive Officer Greg Clark has stepped down, sending its shares down 15 percent in extended trading.

GoPro beats revenue estimates, posts smaller loss than expected

GoPro Inc topped Wall Street estimates for quarterly revenue and reported a smaller-than-feared loss on Thursday, driven by strong demand for its new range of cheaper action cameras from flagship brand HERO.

Dropbox tops quarterly revenue, profit estimates on higher paying users

File sharing and storage company Dropbox Inc topped Wall Street expectations for first-quarter revenue and profit on Thursday, as it signed up more paying users and earned more revenue from them.

Uber drivers go on strike in London and U.S. ahead of IPO, early protests sparse

Uber drivers in London and major U.S. cities held a series of strikes on Wednesday to protest the disparity between gig-economy conditions and the sums that investors are likely to make in Friday's blockbuster stock market debut.

Dropbox tops revenue estimates on higher paying subscribers

File sharing and storage company Dropbox Inc topped Wall Street expectations for quarterly revenue on Thursday, as it signed up more paying subscribers and earned more revenue per user.

GoPro tops quarterly revenue estimates

GoPro Inc topped Wall Street estimates for quarterly revenue on Thursday, driven by strong demand for its new range of cheaper action cameras from flagship brand HERO.

Facebook rejects co-founder call for breakup, senator urges U.S. antitrust probe

Facebook Inc quickly rejected a call from co-founder Chris Hughes on Thursday to split the world's largest social media company in three, while lawmakers urged the U.S. Justice Department to launch an antitrust investigation.

Explainer: What would it take for U.S. regulators to break up Facebook?

Facebook Inc co-founder and Mark Zuckerberg's former college roommate Chris Hughes urged U.S. regulators to break up the social media company in a New York Times opinion piece on Thursday.

Facebook co-founder calls for company breakup, U.S. lawmakers chime in

Facebook Inc co-founder Chris Hughes on Thursday called for the world's largest social media company to be split in three and said Chief Executive Mark Zuckerberg should be held responsible for privacy lapses.

Binance hackers shift stolen bitcoin, identity still unclear: researchers

Hackers who stole bitcoin worth over $40 million from the major Binance cryptocurrency exchange have moved the tainted coins to a number of digital wallets, researchers said on Thursday, potentially throwing up clues to those behind the heist.

Netflix buys kids show producer StoryBots

Netflix Inc said on Thursday it acquired StoryBots, known for "Ask the StoryBots" series, as it looks to make more shows for children ahead of the launch of Walt Disney Co's streaming service later this year.

U.S. senators say Amazon smart speaker for kids violates privacy law

Four U.S. senators urged the Federal Trade Commission on Thursday to investigate Amazon.com Inc's smart speakers aimed at children, claiming the devices violate a privacy law that protects children.

Facebook's co-founder joins calls to break up the company

Facebook Inc co-founder and former Mark Zuckerberg roommate Chris Hughes called for the break up of the world's largest social media network in an opinion piece in the New York Times on Thursday.

Twitter suspended 166,153 accounts for terrorism content in second half 2018

Twitter is making headway in tackling online terrorism content on its platform as it suspended over 166,000 accounts in the second half of last year, about a fifth less than in the previous period, the social media company said on Thursday.

Facebook co-founder says it is time to break up the company

Facebook Inc co-founder and former Mark Zuckerberg roommate Chris Hughes has called for the break up of the social network in an opinion piece in the New York Times.

U.S. adults are spending big on video games, playing mostly on smartphones

The average American video gamer is 33 years old, prefers to play on their smartphone and is spending big on content -- 20 percent more than a year ago and 85 percent more than in 2015, a report showed on Thursday.

U.S. campaign against Huawei hits a snag south of the border

After a long push in Mexico, China's Huawei landed a coveted job in 2017: supplying equipment for the country's so-called "red compartida," an ambitious telecommunications network built for carriers delivering the latest generation of technology.

Statkraft to expand electric vehicle charging in Germany and Britain

Norwegian utility Statkraft plans to expand its electric vehicle charging business in Germany and Britain, its chief executive told Reuters on Thursday, and also expects to snap up some more power plants by the end of 2019.