Snapchat launches redesign after growth disappoints Wall Street

(Reuters) - Snap Inc is redesigning its disappearing-message app Snapchat in an attempt to reach a broader audience, going back to the drawing board after being clobbered by Wall Street for another quarter of slowing user growth.

Take-Two's holiday-quarter sales view tops estimates, shares rise

(Reuters) - Take-Two Interactive Software Inc gave a stronger-than-expected revenue forecast for the holiday quarter, unlike rivals Activision Blizzard Inc and Electronic Arts Inc, on strong demand for its new NBA videogame and the continued success of "Grand Theft Auto".

Snap's shares tumble as user growth falls short of expectations

(Reuters) - Snapchat-owner Snap Inc (SNAP.N) on Tuesday reported slower user growth than Wall Street expected and said it was redesigning the app, sending shares down about 20 percent on concerns it was being beaten by established rivals such as Facebook Inc’s (FB.O) Instagram. A woman stands ...

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Twitter to roll out 280-character tweets worldwide

(Reuters) - Microblogging website Twitter Inc (TWTR.N), known for its iconic 140-character tweets, said on Tuesday it would roll out 280-character tweets to users across the world. The Twitter logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., Se...

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Alphabet's Waymo to launch robotaxis with no human in driver's seat

SAN FRANCISCO (Reuters) - Alphabet Inc’s Waymo will launch a ride-hailing service with no human behind the steering wheel and has been testing the fully self-driving cars on public roads in Arizona, Chief Executive John Krafcik said on Tuesday. FILE PHOTO: Waymo unveils a self-driving Chrysler...

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Israeli start-up says Apple copied its patented smartphone camera technology

(Reuters) - An Israeli startup has sued Apple Inc, accusing the iPhone maker of copying its patented smartphone camera technology. The Apple Inc. store is seen on the day of the new iPhone 7 smartphone launch in Los Angeles, California, U.S., September 16, 2016. REUTERS/Lucy Nicholson Tel Aviv-based...

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EU's Vestager seeking details on Apple's recent tax set-up

LISBON (Reuters) - European Union regulators have asked iPhone maker Apple for details of its recent tax structure following last year’s order to pay back taxes of up to 13 billion euros ($15 billion) to Ireland, Europe’s anti-trust chief said on Tuesday. FILE PHOTO: A man holds two boxe...

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Berlin start-up raises nearly $12 million to create first equity token

NEW YORK (Reuters) - Berlin-based Neufund said it has raised 10 million euros ($11.6 million) from private investors for its fund-raising platform, the first ever that will allow companies to issue a token or digital currency that will represent equity.

Exchange operators believe in cryptocurrencies: CBOE

(Reuters) - The major futures exchanges believe in the development of cryptocurrency trading and will push on with launching exchange traded funds that allow investors to trade in them, stock exchange operator BATS Global Markets Inc’s Chief Executive said on Tuesday. Bitcoins are seen in this...

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Waymo launching ride-hailing service in Phoenix with no human behind wheel

SAN FRANCISCO (Reuters) - Alphabet Inc’s Waymo self-driving unit is launching a ride-hailing service for the general public with no human driver behind the steering wheel and has been testing such fully self-driving cars on public roads in Arizona, Chief Executive John Krafcik said on Tuesday....

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EU's Vestager says seeking details on Apple's recent tax set-up

LISBON (Reuters) - EU regulators have asked iPhone maker Apple for details of its recent tax structure following last year’s order to pay back taxes of up to 13 billion euros ($15 billion) to Ireland, Europe’s anti-trust chief said on Tuesday. A 3D printed Apple logo is seen in front of ...

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Workhorse to test electric vans for new customer in California, Ohio

DETROIT (Reuters) - Electric delivery van maker Workhorse Group Inc (WKHS.O) said on Tuesday it will test its new lightweight N-Gen electric van in cities in Ohio and California as the race to develop mass-market electric delivery vehicles heats up. Workhorse’s customers already include packag...

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Nepal recovers 'most' of the money hacked from bank

KATHMANDU (Reuters) - A bank in Nepal has recovered most of the money stolen after its SWIFT server was hacked last month, two officials, involved in the investigation of the Himalayan nation’s first reported cyber heist, said on Tuesday. A man using a mobile phone passes the logo of global se...

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Uber bullish on Africa despite opposition from local taxi firms

CAPE TOWN (Reuters) - Ride-hailing service Uber Technologies Inc. [UBER.UL] is growing rapidly in sub-Saharan Africa and considering moves into more markets, despite sometimes violent opposition from metered taxi drivers, a senior executive said on Tuesday. FILE PHOTO: A photo illustration shows the...

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Merkel's party opposes Telekom selloff to fund broadband upgrade: sources

FRANKFURT/BERLIN (Reuters) - Germany’s ruling conservatives oppose selling the state’s holding in Deutsche Telekom to raise billions of euros for a national broadband upgrade, preferring instead to divest stock in Deutsche Post, a senior source said. Deutsche Telekom logo is seen during ...

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Uber, rival apps join forces in Brazil to stem tide of regulation

BRASILIA (Reuters) - Uber Technologies Inc [UBER.UL] has formed an unprecedented alliance in Brazil with other ride-hailing services, including its main local rival 99, to win public support to block regulation threatening the way they do business in a booming market. The Uber logo is seen on mobile...

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Exclusive: Avast owners hire Rothschild for $4 billion software IPO - sources

MADRID/LONDON (Reuters) - The owners of Avast Software have hired Rothschild to prepare the business for a share sale which could value one of the world’s most used providers of computer antivirus software at as much as $4 billion, four sources familiar with the matter told Reuters. CVC Capita...

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China's Xiaomi seeks to reignite global push with Spain launch

BEIJING (Reuters) - Chinese smartphone maker Xiaomi Inc launched sales in Spain on Tuesday, its first foray into Western Europe as it revs up a stalled global push into other developed markets around Europe and the United States. FILE PHOTO: A Xiaomi logo is pictured in Mexico City, Mexico, May 9, 2...

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Exclusive: Avast owners hire Rothschild for $4 billion software float - sources

MADRID/LONDON (Reuters) - The owners of Avast Software, one of the world’s most used pieces of computer antivirus software, have hired Rothschild to prepare the business for an initial public offering (IPO) which could value the firm at as much as $4 billion, four sources familiar with the mat...

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Bitcoin a new asset class, not a crypto-currency: CME's Melamed

TOKYO (Reuters) - Bitcoin is likely to become a new asset class in its own right, such as gold or stocks, which can be traded by major investors and regulated, not simply a crypto-currency, Leo Melamed, Chairman Emeritus of CME Group (CME.O), said on Tuesday. FILE PHOTO - Chicago Mercantile Exchange...

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Vietnam's neighbors, ASEAN, targeted by hackers: report

SINGAPORE (Reuters) - A hacking group previously linked to the Vietnamese government or working on its behalf has broken into the computers of neighboring countries as well as a grouping of Southeast Asian nations, according to cybersecurity company Volexity. A hooded man holds laptop computer as cy...

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After WhatsApp threat, Indonesia steps up Internet obscenity purge

JAKARTA (Reuters) - Indonesia said on Tuesday it would summon representatives of messaging services and search engines, including Alphabet Inc’s (GOOGL.O) Google, to demand they remove obscene content, a day after threatening to shut down WhatsApp Messenger. FILE PHOTO: The WhatsApp messaging ...

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Bargaining chip? China seen closely scrutinizing Qualcomm, Broadcom deal

SHANGHAI (Reuters) - A potential mega-merger between chipmaker Broadcom Ltd (AVGO.O) and U.S. rival Qualcomm Inc (QCOM.O) is likely to face stern scrutiny in China, antitrust lawyers say, amid a strategic push by Beijing into semiconductors. A sign to the campus offices of chip maker Broadcom Ltd, w...

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Snapchat outage prompts complaints on Twitter

(Reuters) - Snapchat faced a worldwide outage for at least four hours on Monday, prompting a flood of complaints on rival mobile application Twitter a day before posting its third quarterly earnings as a public company. The Snapchat app logo is seen on a smartphone in this picture illustration taken...

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Apple says no operations were moved from Ireland

(Reuters) - Apple Inc said none of its operations were moved from Ireland and that changes made to its corporate structure in 2015 were specially designed to preserve tax payments to the United States, and not to reduce taxes anywhere else. A 3D printed Apple logo is seen in front of a displayed Iri...

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Broadcom bids $103 billion for Qualcomm, open to going hostile

(Reuters) - Chip maker Broadcom Ltd made an unsolicited $103 billion bid for Qualcomm Inc on Monday, setting the stage for a takeover battle that could reshape the industry at the heart of mobile phone hardware. Qualcomm said it would review the proposal but the San Diego-based company is inclined t...

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Salesforce, Google form cloud partnership

(Reuters) - Cloud-based software maker Salesforce.com Inc said on Monday it has entered into a partnership with Google’s cloud platform G Suite, to support its rapidly growing global customer base. The Google logo is pictured atop an office building in Irvine, California, U.S. August 7, 2017. ...

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Apple's iPhone X has higher margin than iPhone 8: analysis

(Reuters) - Apple Inc’s (AAPL.O) new flagship iPhone X makes the company more money per phone than its iPhone 8 model, according to an analysis, which found the iPhone X’s flashier parts cost Apple 25 percent more than the iPhone 8, but that it retailed 43 percent higher. An iPhone X adv...

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Equifax probes legal officer's role in post-breach share sales: WSJ

(Reuters) - An special committee of Equifax Inc’s board is investigating the role the credit reporting company’s chief legal officer played in approving share sales by four executives days after suspicious activity was discovered in its systems, according to The Wall Street Journal. Cred...

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Mobile bank N26 sees customers tripling within two years: CEO

LONDON (Reuters) - The smartphone-based bank N26 expects to peel away 5 to 10 percent of retail customers from established banks in its core continental European market in the next two to three years, its chief executive told Reuters.