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...
HONG KONG (Reuters) - Ant Financial’s money market fund will place a temporary daily cap on subscription volumes ahead of an expected surge in inflows during the Chinese Lunar New Year, as calls grow for tighter regulations of these funds to prevent systemic risks. The restrictions by Yu&lsquo...
HANGZHOU, China (Reuters) - It has no physical branches or expensive foreign software, and uses cloud technology to cut back on the hardware it needs to serve borrowers. MYbank, a Chinese online lender that is an offshoot of Alibaba Group Holding Ltd, has built its business on doing things cheaply. ...
(Reuters) - Facebook Inc offered reassurances to investors on Wednesday that its digital ad business would remain highly profitable, despite a dip in usage on the social media network and an overhaul of its flagship News Feed. The company said in an earnings report that quarterly revenue jumped 47 p...
(Reuters) - Qualcomm Inc on Wednesday aimed to show shareholders that its licensing practices still have a future after having come under scrutiny from antitrust regulators around the world as well as from major customer Apple Inc. The disputes over the practices have even weakened Qualcomm’s ...
(Reuters) - Chipmaker Qualcomm Inc’s (QCOM.O) profit and revenue beat expectations as demand surged for its chips used in smartphones and cars, but an earnings forecast for the current quarter fell below analysts’ estimates due to tepid mobile sales in China. China’s smartphone mar...
(Reuters) - Facebook Inc (FB.O) shares rose after hours on Wednesday after the social media network said that fewer hours spent on its flagship News Feed might would not necessarily hurt its highly profitable digital advertising business. Shares of the company were up 1 percent at $188.64 after repo...
(Reuters) - Microsoft Corp (MSFT.O) beat Wall Street’s profit forecast on Tuesday, helped by growth in its cloud computing business, but took a $13.8 billion one-time charge due to the new U.S. tax law. Stock of the world’s largest software company, which have risen almost 50 percent ove...
NEW YORK (Reuters) - AT&T Inc (T.N) reported quarterly profit that beat analysts’ estimates on Wednesday, helped by tax cuts and new wireless subscribers, and its chief executive voiced confidence the company will complete its $85.4 billion acquisition of Time Warner Inc (TWX.N). The U.S. ...
(Reuters) - Chipmaker Qualcomm Inc’s (QCOM.O) earnings and revenue exceeded Wall Street forecasts for the first fiscal quarter as demand surged for its chips used in smartphones and cars, making up for a fall in licensing revenue. The results come as the San Diego-based chipmaker tries to rebu...
(Reuters) - Facebook Inc (FB.O) said on Wednesday that time spent on the social network fell at the end of last year by about 50 million hours a day, even before the company made changes to its flagship News Feed that may further reduce user engagement. Shares of the company were down 4.1 percent at...
(Reuters) - Microsoft Corp (MSFT.O) beat Wall Street’s profit forecast on Tuesday, helped by growth in its cloud computing business, but took a $13.8 billion one-time charge due to the new U.S. tax law. Stock of the world’s largest software company, which have risen almost 15 percent ove...
(Reuters) - Twitter Inc said on Wednesday it had expanded notifications to about 1.4 million people, who were exposed to content generated by a suspected Russian propaganda service. The company had said earlier this month it would email 677,775 people in the United States who followed, retweeted or ...
NEW YORK (Reuters) - AT&T Inc (T.N) said on Wednesday that quarterly profit beat Wall Street analyst estimates, helped by impacts from tax cuts and wireless subscriber additions. Net income attributable to AT&T was $19.0 billion, or $3.08 per share, in the fourth quarter ended Dec. 31, up fr...
(Reuters) - Payments processor PayPal Holdings Inc’s (PYPL.O) fourth-quarter profit topped analysts’ forecasts on strength in its merchant services business, but the company gave a disappointing forecast for first-quarter earnings, sending its shares lower. PayPal said on Wednesday its n...
