Sequoia Capital's Raanan launches cyber-focused fund

TEL AVIV (Reuters) - Gili Raanan, general partner at Sequoia Capital Israel, has raised $50 million for a new venture capital fund called Cyberstarts.

Paris asks court to fine Airbnb over unregistered listings

PARIS (Reuters) - The municipality of Paris has asked a French court to urgently fine Airbnb and two other small companies for unauthorized short-term letting, said an official with the city's administration.

Cyber security firm Avast eyes watershed London tech listing

LONDON (Reuters) - Cyber security software firm Avast said on Thursday it will apply to list its shares on the London Stock Exchange in what sources previously told Reuters would be a blockbuster float expected to value the company at around $4 billion.

WeWork snapping up China-based rival Naked Hub

HONG KONG/SHANGHAI (Reuters) - U.S. co-working space provider WeWork Cos said on Thursday it would buy China-based rival Naked Hub to boost its footprint in the world's second largest economy.

UK's Playtech buys stake in Snaitech for $1.05 billion in regulated market play

(Reuters) - British gambling technology company Playtech said it agreed to buy a 70.6 percent stake in Italian betting and gaming firm Snaitech for 846 million euros ($1.05 billion), in a move to source most of its revenue from regulated markets.

Warburg Pincus in talks to invest in Ant's $8 billion funding round: sources 

HONG KONG (Reuters) - U.S. private equity firm Warburg Pincus LLC [WP.UL] is in talks to invest in a fundraising round for China's Ant Financial Services Group [ANTFIN.UL] that is expected to be worth at least $8 billion, people with knowledge of the matter said.

WeWork to snap up China-based rival Naked Hub: sources

HONG KONG/SHANGHAI (Reuters) - U.S. co-working firm WeWork Cos is planning to buy China-based rival Naked Hub, three sources familiar with the deal told Reuters, a move which would boost the New York firm's footprint in the world's second largest economy.

Backpage.com co-founder likely to be released on Friday: attorney

PHOENIX (Reuters) - A co-founder of Backpage.com charged with knowingly facilitating prostitution and money laundering will likely be released from federal detention later this week after posting $1 million bond, his attorney said on Wednesday.

Facebook's Zuckerberg unscathed by congressional grilling, stock rises

WASHINGTON/SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg fielded 10 hours of questions over two days from nearly 100 U.S. lawmakers and emerged largely unscathed and considerably richer.

Zuckerberg tangles with Congress on control of Facebook data

WASHINGTON/SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg on Wednesday sparred with lawmakers over how much control users of the world's largest social media network have over their data in a sometimes fractious five-hour hearing.

SoftBank CEO running out of time to clinch Sprint-T-Mobile merger

(Reuters) - SoftBank Group Corp CEO Masayoshi Son faces a closing window of opportunity to merge the Japanese company's debt-laden U.S. wireless subsidiary Sprint Corp with Deutsche Telekom's U.S. wireless unit, T-Mobile U.S. Inc.

Instagram to allow users to download their data

(Reuters) - Facebook Inc's Instagram will soon allow its users to download a copy of all the content they have uploaded on the photo-sharing platform, a spokesman said on Wednesday.

Uber wants to do it all: ride-share, car-share, train tickets

WASHINGTON (Reuters) - Uber Technologies Inc [UBER.UL] is looking to be virtually a one-stop transportation shopping app, saying on Wednesday it will add new services, including car-sharing and train tickets.

Exclusive: Tesla targets November 2019 for start of Model Y production - sources

SAN FRANCISCO (Reuters) - Tesla Inc is targeting November 2019 as the start of production for its Model Y sport utility vehicle, with production in China to begin two years later, two sources told Reuters this week, shedding some light on the electric vehicle maker's next project that could tax its ...

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Apple Music appoints new head, hits 48 million subscribers

(Reuters) - Apple Inc on Wednesday appointed a new executive to oversee its Apple Music streaming business and hit 48 million subscribers, the company said.

Uber still believes autonomous vehicles have a future, says CEO

WASHINGTON (Reuters) - Uber Chief Executive Dara Khosrowshahi said on Wednesday that the ride-sharing company still believes in the prospects for autonomous transport after one of its self-driving vehicles was involved in a fatal crash in Arizona last month.

Uber CEO says company still believes in future of autonomous vehicles

WASHINGTON (Reuters) - Uber Chief Executive Dara Khosrowshahi said Wednesday the ride-sharing company still believes in the prospects for autonomous vehicles after a company vehicle was involved in a fatal self-driving crash in Arizona last month.

Uber to add more transportation options in its app

(Reuters) - Uber Technologies Inc [UBER.UL] said on Wednesday it is planning to offer more modes of transportation for riders through its app, giving people more ways to get around in cities.

Facebook CEO says his own data was shared by Cambridge Analytica

WASHINGTON/SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg on Wednesday told lawmakers that his own personal data was included in that of 87 million or so Facebook users that was improperly shared with political consultancy Cambridge Analytica.

Facebook CEO starts second day of U.S. congressional hearings

WASHINGTON/SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg started a second day of testimony on Capitol Hill on Wednesday, facing more questions from lawmakers about data privacy at the world's largest social media network.

Vietnam calls for tougher measures on cryptocurrency deals amid alleged scam

HANOI (Reuters) - Vietnam on Wednesday urged greater vigilance against cryptocurrency transactions and investments, as officials in its economic hub asked police to investigate what could prove to be the country's largest cryptocurrency fraud.

XPO software offers shippers real-time cargo tracking

SEATTLE (Reuters) - XPO Logistics Inc unveiled software on Wednesday that allows merchants to track truck and rail cargo in real-time nationwide, technology the third-largest publicly traded U.S. logistics firm hopes will help reduce bottlenecks at its warehouses.

Second day of U.S. congressional hearings awaits Facebook CEO Zuckerberg

SAN FRANCISCO/WASHINGTON (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg returns to Capitol Hill on Wednesday for more questioning by lawmakers who have a rare chance to air grievances about the company directly to the head of the world's largest social media network.

Bad humour: China watchdog shuts Toutiao joke app over vulgar content

BEIJING/SHANGHAI (Reuters) - In China, a platform for risqué jokes is no laughing matter.

Zuckerberg resists effort by U.S. senators to commit him to regulation

WASHINGTON/SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg on Tuesday navigated through the first of two U.S. congressional hearings without making any further promises to support new legislation or change how the social network does business.

Zuckerberg resists effort by senators to commit him to regulation

WASHINGTON/SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg on Tuesday navigated through the first of two U.S. congressional hearings without making any further promises to support new legislation or change how the social network does business.

Facebook shares rise sharply as Zuckerberg deters regulation talk

WASHINGTON/SAN FRANCISCO (Reuters) - Facebook Inc shares posted their biggest daily gain in nearly two years on Tuesday as Chief Executive Mark Zuckerberg fended off questions from U.S. senators on how the world's largest social network might be regulated more closely.

Dubai's Alibabacoin says Alibaba has no monopoly on 'magic' name

NEW YORK (Reuters) - The Dubai-based cryptocurrency firm Alibabacoin Foundation on Tuesday said Alibaba Group Holding Ltd cannot monopolize the "magical" Alibaba name, and asked a U.S. judge to dismiss the Chinese e-commerce retailer's trademark lawsuit.

Facebook shares rise as U.S. senators question Zuckerberg

WASHINGTON/SAN FRANCISCO (Reuters) - Facebook Inc shares rose on Tuesday to their highest in almost three weeks as Chief Executive Mark Zuckerberg fended off questions from U.S. senators on how the social network handles user data and plans to counter attempts at interfering in U.S. elections.

Telefonica Brasil to expand ultra-fast broadband to 20 new cities

SAO PAULO (Reuters) - Telefonica Brasil SA will expand ultra-fast fiber-to-the-home (FTTH) broadband service to more than 20 new cities in 2018 as Brazil's largest telecommunications firm eyes ambitious growth among wealthier clients, a top executive told Reuters.