TEL AVIV (Reuters) - Israel-based Nexar, whose technology warns drivers of real-time road hazards, said on Wednesday it raised $30 million in a financing round led by Ibex Ventures. Alibaba, Nationwide Insurance, GE Ventures and previous investors Aleph, Mosaic Ventures, Slow Ventures, True Ventures...
MOSCOW (Reuters) - Projects which raise funds through “initial coin offerings” (ICOs) are attacked by cyber criminals 100 times a month on average, a report said, underscoring the risks of investing in cryptocurrency ventures online. The research, published by Moscow-based cyber security...
LONDON (Reuters) - Financial technology firms were supposed to start breaking into mainstream banking this month when new rules forced Britain’s nine big banks to loosen their grip on the industry. But many fintech companies are still waiting with frustration on the sidelines after the banks d...
HONG KONG (Reuters) - Chinese search engine Baidu Inc is seeking new investors for its wholly-owned finance unit, in a deal that could fetch up to $2 billion and deepen its push into financial services, people with knowledge of the matter said. The investors will either buy some of Baidu’s sha...
(Reuters) - Texas Instruments Inc (TXN.O) on Tuesday posted the slowest revenue growth in four quarters, disappointing investors who were expecting demand for the company’s automotive chips to drive strong results. Shares of the Dallas-based company fell 6.6 percent in after-hours trading on T...
NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc (FB.O) is buying a software firm that specializes in authenticating government-issued identification cards, the two companies said on Tuesday, a step that may help the social media company learn more about the people who buy ads on its network. U.S. la...
(Reuters) - Chipmaker Texas Instruments Inc’s (TXN.O) fourth-quarter earnings failed to exceed Wall Street expectations after several quarters of better-than-expected results, sending its shares down 5 percent on Tuesday. The Dallas-based company reported a 67 percent slump in profit to $344 m...
NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc (FB.O) is buying Boston-based software company Confirm Inc, which specializes in authenticating government-issued identification cards, a person familiar with the acquisition said on Tuesday. Confirm, which says on its website that it has more than 750...
(Reuters) - After missing the critical holiday shopping season, Apple Inc has jumped into the voice speaker wars with the HomePod smart speaker, a device that will use its Siri voice assistant and compete against offerings from Amazon.com Inc and Alphabet Inc’s Google. Apple said on Tuesday it...
(Reuters) - Wall Street banker turned Silicon Valley executive Anthony Noto has left Twitter Inc (TWTR.N) to become chief executive officer of online lender Social Finance Inc, the companies said on Tuesday. The move sowed fresh doubts that the microblogging site will be able to pull off an ambitiou...
BANGALORE/SAN FRANCISCO (Reuters) - Silicon Valley billionaire Elon Musk could earn as much as $55.8 billion in Tesla Inc stock and own more than a quarter of the electric car company in the next decade if he hits all targets of a bold new pay plan. The unexpected compensation arrangement - announce...
(Reuters) - Self-driving car pioneer Sebastian Thrun has shifted his gaze to the skies, as his Silicon Valley online school Udacity launches what it calls the first "nanodegree" in flying car engineering.
SAN FRANCISCO (Reuters) - Alphabet Inc's Google introduced audiobooks to its online store on Tuesday, making its smart speakers and virtual assistant more competitive with Amazon.com Inc's Echo devices and Alexa voice assistant.
(Reuters) - Twitter Inc’s (TWTR.N) Chief Operating Officer Anthony Noto resigned to join online lender Social Finance Inc (SoFi) as its chief executive officer, sending the microblogging site’s shares down more than 3 percent in early trading on Tuesday. Noto was Goldman Sachs’ top...
FRANKFURT (Reuters) - Optiv Security, an acquisitive Denver-based company backed by private equity firm KKR, is expanding into Europe where it will offer its cyber security management and consultancy services, executives said on Tuesday.
(Reuters) - Silicon Valley billionaire Elon Musk will get no salary or cash bonuses from Tesla Inc and all his compensation as chief executive of the electric car maker will be tied to stock and operational milestones, the company said on Tuesday.
(Reuters) - After missing the critical holiday shopping season, Apple Inc has jumped into the voice speaker wars with the HomePod smart speaker, a device that will use its Siri voice assistant and compete against offerings from Amazon.com Inc and Alphabet Inc’s Google. Apple on Tuesday said it...
(Reuters) - Snap Inc said it is launching a new feature on Snapchat on Tuesday, allowing users to share public stories with friends and family who aren't on the app.
(Reuters) - A cyber problem that temporary shuts down a top U.S. cloud computing provider could trigger as much as $19 billion in business losses, only a fraction of which would be insured, Lloyd’s of London said in a report on Tuesday. The report, co-written with modeling firm AIR Worldwide, ...
BRUSSELS (Reuters) - Facebook will make it easier for its more than 2 billion users to manage their own data in response to a tough new European Union law that comes into force in May, the social network’s Chief Operating Officer Sheryl Sandberg said. “We’re rolling out a new priva...
(Reuters) - Uber [UBER.UL] Chief Executive Dara Khosrowshahi said the ride-hailing company’s relationship with former chief Travis Kalanick was “fine but strained”. Kalanick was pushed out by the company’s board last year amid a litany of regulatory problems, driver and consu...
SAN FRANCISCO (Reuters) - Masha Drokova, a 28-year-old Russian political activist turned venture capitalist, on Tuesday joined a small family of Russian nationals who have set up shop as Silicon Valley venture investors. Drokova’s new firm, Day One Ventures, will make investments of $100,000 t...
(Reuters) - Shares in Netflix Inc (NFLX.O) rose 9 percent to a record high in premarket trading on Tuesday after the video streaming service trounced Wall Street targets for new subscribers in the fourth quarter. At least eight brokerages raised their price targets for the company’s shares by ...
(Reuters) - Silicon valley billionaire Elon Musk will get no salary or cash bonuses from Tesla Inc and all his compensation as Chief Executive of the electric car maker will be tied to stock and operational milestones, the company said on Tuesday. Tesla also put to rest speculation that Musk will qu...
MOSCOW (Reuters) - Microsoft could lose billions of dollars if it chooses to restrict its Russian clients due to sanctions, Russian communications minister Nikolai Nikoforov was quoted by local news agencies as saying on Tuesday. Reuters reported on Monday that two of Microsoft’s official dist...
(Reuters) - Tesla Inc said on Tuesday Chief Executive Elon Musk will receive no guaranteed compensation of any kind, and that he will be paid only if the company and all of its shareholders do extraordinarily well. The compensation will be based on a combination of market capitalization and operatio...
(Reuters) - Investors are getting a high-octane way to bet on or against the stock market’s technology leaders. A new product aims to let investors triple the return of 10 stocks, including the so-called FANG stocks - Facebook Inc (FB.O), Amazon.com Inc (AMZN.O), Netflix Inc (NFLX.O) and Googl...
SEOUL (Reuters) - South Korea will ban the use of anonymous bank accounts in cryptocurrency trading from Jan. 30, regulators said on Tuesday in a widely telegraphed move designed to stop virtual coins from being used for money laundering and other crimes. Local cryptocurrency traders will not be all...
(Reuters) - Netflix Inc (NFLX.O) snagged 2 million more subscribers than Wall Street expected in the final three months of 2017, tripling profits at the online video service that is burning money on new programming to dominate internet television around the world. The results drove Netflix to a mark...
(Reuters) - Netflix Inc (NFLX.O) snagged 2 million more subscribers than Wall Street expected in the final three months of last year, tripling profits at the online video service that is burning money on new programming to dominate internet television around the world. The results drove Netflix to a...
