China cyber authority says Baidu, Tencent, Weibo platforms under investigation

BEIJING (Reuters) - China's top cyber authority said on Friday it is investigating several of China's most popular internet platforms over breaches of cyber laws. The investigation includes China's most popular social media platforms, Tencent Holdings Ltd's WeChat and Weibo Corp, as well as Baidu In...

Continue reading

Google cancels staff meeting over fears of online harassment

(Reuters) - Alphabet's (GOOGL.O) Google on Thursday canceled a company-wide meeting scheduled to discuss the controversy over a memo opposing company diversity policies, citing concerns about attacks on employees from far-right internet commenters, according to an email from Google's chief executive...

Continue reading

Snap, Blue Apron fuel worries about overheated IPOs

NEW YORK/SAN FRANCISCO (Reuters) - Snap Inc and Blue Apron Holdings Inc's dismal quarterly reports on Thursday, which sent their shares slumping, join a growing list of technology startups failing to live up to sky-high expectations set ahead of their initial public offerings. There are growing conc...

Continue reading

Nvidia's quarterly revenue beats estimates on strong chip demand

(Reuters) - Nvidia Corp reported better-than-expected quarterly revenue and profit on Thursday helped by strong demand for its chips used in data centers and gaming devices such as Nintendo Co Ltd's Switch. Nvidia shares were down 5 percent in extended trading. The company's shares have surged more ...

Continue reading

Uber investor sues to force former CEO Kalanick off board

SAN FRANCISCO (Reuters) - Venture capital firm Benchmark Capital is suing former Uber Chief Executive Officer Travis Kalanick to force him off the board of the ride services company and rescind his ability to fill three board seats, according to the lawsuit. The lawsuit filed Thursday accuses Kalani...

Continue reading

Toyota, Intel, others to form auto big data consortium

(Reuters) - Toyota Motor Corp (7203.T), chipmaker Intel Corp (INTC.O) and other technology and auto companies are forming a consortium to create an ecosystem for big data used in connected cars, the Japanese automaker said on Thursday. Swiss telecom equipment maker Ericsson (ERICb.ST), Japanese auto...

Continue reading

Snap posts lower-than-expected daily active users

(Reuters) - Snap Inc reported a lower-than-expected number of daily active users for Snapchat, its popular messaging app, for the second quarter as the company grapples with stiff competition from Facebook Inc. Snap said on Thursday its daily active users (DAUs) rose to 173 million in the quarter fr...

Continue reading

Defense Secretary Mattis begins tech outreach with Amazon visit

MOUNTAIN VIEW, Calif. (Reuters) - U.S. Defense Secretary Jim Mattis kicked off his first official visit to the U.S. technology industry on Thursday with a tour of Amazon's headquarters in Seattle, the first stop on a two-day outreach campaign intended to highlight the Pentagon's commitment to tech i...

Continue reading

Exclusive: Amazon in talks to offer event ticketing in U.S.- sources

NEW YORK/SAN FRANCISCO (Reuters) - Amazon.com Inc (AMZN.O) is seeking to partner with U.S. venue owners to sell event tickets, four sources have told Reuters, a move that could loosen Ticketmaster's powerful grip on the lucrative ticketing business. If Amazon moves ahead, it would represent the late...

Continue reading

Uber's Graves stepping down from full-time job, stays on board

SAN FRANCISCO (Reuters) - Ride services company Uber Technologies Inc's [UBER.UL] head of operations, Ryan Graves, a long-time ally of former chief executive Travis Kalanick, is stepping down from his full-time job at the company, according to a copy of a letter from Graves seen by Reuters. Graves w...

Continue reading

Beware of Security by Press Release

On Wednesday, the security industry once again witnessed an all-too-familiar cycle: I call it “security by press release.” It goes a bit like this: A security firm releases a report claiming to have unearthed a major flaw in a competitor’s product; members of the trade press u...

Continue reading

Beware of Security by Press Release

On Wednesday, the security industry once again witnessed an all-too-familiar cycle: I call it “security by press release.” It goes a bit like this: A security firm releases a report claiming to have unearthed a major flaw in a competitor’s product; members of the trade press u...

Continue reading

Consumers may buy fewer cars in areas served by Uber, Lyft: study

DETROIT (Reuters) - In areas served by Uber Technologies Inc, Lyft Inc and other ride services operate, consumers may buy fewer cars and take fewer trips, according to a new study released on Thursday. The study, compiled by the University of Michigan Transportation Research Institute, Texas A&M...

Continue reading

Microsoft unveils technology to speed up blockchain and its adoption

NEW YORK (Reuters) - Microsoft Corp (MSFT.O) is working on technology that it believes can make blockchain-based systems faster and more private, as it looks to speed up use of the distributed database software by enterprises. The company said on Thursday that it had developed a system called Coco F...

Continue reading

PayPal to expand lending offering with acquisition

NEW YORK (Reuters) - Payments firm PayPal Holdings Inc (PYPL.O) has agreed to acquire online lending company Swift Financial in a bid to expand its business that provides working capital to merchants. The acquisition will allow PayPal to offer loans to the larger businesses that process payments thr...

Continue reading

Microsoft Surface devices fail on reliability: Consumer Reports

SAN FRANCISCO (Reuters) - The breakage rate for Microsoft Corp’s (MSFT.O) Surface devices is significantly worse than for other manufacturers' laptops and tablets, Consumer Reports said, adding that it was removing its "recommended" designation for Surface products. The non-profit publication ...

Continue reading

Developers file antitrust complaint against Apple in China

BEIJING (Reuters) - A Chinese law firm has filed a complaint against Apple Inc (AAPL.O) on behalf of 28 local developers alleging the firm breached antitrust regulations. The complaint, lodged by Beijing-based Dare & Sure Law Firm, accuses Apple of charging excessive fees and removing apps from ...

Continue reading

Buoyant bitcoin stirs crypto-bubble fears

LONDON (Reuters) - Bitcoin and other "cryptocurrencies" are big money, virtually as big as Goldman Sachs and Royal Bank of Scotland combined. The price of a single bitcoin hit an all-time high of above $3,500 this week, dragging up the value of hundreds of newer, smaller digital rivals in its wake. ...

Continue reading

Kaspersky Lab to withdraw Microsoft antitrust complaints

SAN FRANCISCO (Reuters) - Moscow-based cyber security firm Kaspersky Lab said on Wednesday it would withdraw antitrust complaints made in Europe against Microsoft after the U.S. technology giant agreed to change how it delivers security updates to Windows users. Both companies simultaneously announc...

Continue reading

Chinese quantum satellite sends 'unbreakable' code

BEIJING (Reuters) - China has sent an "unbreakable" code from a satellite to the Earth, marking the first time space-to-ground quantum key distribution technology has been realized, state media said on Thursday. China launched the world's first quantum satellite last August, to help establish "hack ...

Continue reading

Toshiba wins auditor sign-off, likely avoiding delisting for now

TOKYO (Reuters) - Toshiba Corp has secured its auditor's sign-off on its financial results, likely avoiding an immediate delisting, although its future hung in the balance with no progress in talks to sell its chips business. Toshiba said on Thursday that PriceWaterhouseCoopers Aarata LLC (PwC) had ...

Continue reading

Facebook to launch redesign of video tab, called 'Watch'

SAN FRANCISCO (Reuters) - Facebook Inc said on Wednesday that it plans to redesign how people watch videos on the world's largest social network and it announced plans for a slate of new exclusive shows covering subjects such as sports, travel and cooking. Facebook said it would call the video platf...

Continue reading

Snap shares up ahead of results; options traders eye steep stock swing

SAN FRANCISCO/NEW YORK (Reuters) - Shares of Snap Inc (SNAP.N) rallied on Wednesday as options traders buckled in for the social media company's quarterly results and after an analyst said the beaten-down stock was "getting interesting." Shares of Snap, owner of the popular messaging app Snapchat, h...

Continue reading

Amazon sued by transgender woman, husband for workplace harassment

(Reuters) - A transgender woman and her husband sued Amazon.com Inc (AMZN.O) on Wednesday, accusing the company of subjecting them to severe harassment and physical threats when they both worked at the retailer's warehouse in Kentucky. A group representing the couple said their case was striking giv...

Continue reading

Exclusive: Tesla developing self-driving tech for semi-truck, wants to test in Nevada

SAN FRANCISCO (Reuters) - Tesla Inc is developing a long-haul, electric semi-truck that can drive itself and move in "platoons" that automatically follow a lead vehicle, and is getting closer to testing a prototype, according to an email discussion of potential road tests between the car company and...

Continue reading

Some U.S. coding boot camps stumble in a crowded field

SAN FRANCISCO, August 9 (Reuters) - The hype is fading for coding "boot camps," for-profit U.S. schools offering graduates entry into the lucrative world of software development. Closures are up in a field now jammed with programs promising to teach students in just weeks the skills needed get hired...

Continue reading

Alleged vDOS Operators Arrested, Charged

Two young Israeli men alleged by this author to have co-founded vDOS — until recently the largest and most profitable cyber attack-for-hire service online — were arrested and formally indicted this week in Israel on conspiracy and hacking charges. On Sept. 8, 2016, KrebsOnSecurity p...

Continue reading

Alleged vDOS Operators Arrested, Charged

Two young Israeli men alleged by this author to have co-founded vDOS — until recently the largest and most profitable cyber attack-for-hire service online — were arrested and formally indicted this week in Israel on conspiracy and hacking charges. On Sept. 8, 2016, KrebsOnSecurity p...

Continue reading

Disney's streaming push seen paying off in the long run

(Reuters) - Walt Disney Co's (DIS.N) plan to plunge into a crowded streaming services market, dominated by pioneer Netflix Inc (NFLX.O), could bring some initial pain, but the strength of the company's content is expected to help it pull through in the long run. Shares of the world's biggest enterta...

Continue reading

Greater China cyber insurance demand to soar after WannaCry attack: AIG

HONG KONG (Reuters) - Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on enquiries received after the "WannaCry ransomware" attack earlier this year, executives at American International Group Inc (AIG.N) said. The U.S. insurer saw an 87 percent ...

Continue reading