Facebook's reported plans to merge the infrastructure of its Messenger, WhatsApp and Instagram services would, if implemented, face antitrust scrutiny in Germany, the head of the Federal Cartel Office said on Thursday.
German minister welcomes cartel office's clampdown on Facebook data collection
German Justice Minister Katarina Barley on Thursday welcomed a crackdown by Germany's antitrust watchdog on Facebook's data collection practices, saying the company was collecting data far beyond its platform.
German anti-trust watchdog clamps down on Facebook's data gathering
Germany's antitrust watchdog on Thursday announced a crackdown on Facebook's data collection practices after ruling the world's largest social network abused its market dominance to gather information about users without their knowledge or consent.
Italy to ban Huawei from its 5G plans: paper
Italy will ban China's Huawei Technologies and ZTE Corp from playing a role in the roll out of the country's 5G infrastructure, Italy's La Stampa newspaper said on Thursday citing sources.
Amazon changes business structures in India to bring big seller back: sources
One of the biggest sellers on Amazon.com Inc's India website has returned after the online retail giant changed its business structures to comply with new federal e-commerce curbs that took effect last week, two sources told Reuters.
Japan's one-time tech unicorn Mercari warns of more losses
Japanese e-commerce start-up Mercari, which went public last year with great fanfare, booked a quarterly loss of 1.1 billion yen ($10 million) and warned of more losses ahead as it spends heavily to expand in the U.S. market.
White House expects to take action on 5G, artificial intelligence soon
The White House will take "executive action" in the coming weeks to make sure the United States keeps its research and development advantage in artificial intelligence, advanced manufacturing, quantum computing and next generation wireless networks, known as 5G, a White House official said on Wednes...
Tinder growth powers Match earnings beat, shares soar
Match Group Inc beat Wall Street estimates for fourth-quarter revenue and profit on Wednesday as its popular dating app, Tinder, attracted more subscribers, sending its shares up as much as 12 percent in extended trading.
Tinder growth powers Match earnings beat, shares rise
Match Group Inc reported fourth-quarter earnings above Wall Street estimates on Wednesday as its popular dating app, Tinder, attracted more subscribers, sending its shares up nearly 10 percent in extended trading.
Scoot over Microsoft: Apple again the most valuable U.S. company
Apple won back its crown as the most valuable publicly listed U.S. company on Wednesday, ending the session with a market capitalization above recent leaders Microsoft and Amazon.com.
FireEye forecasts surprise loss, shares fall
FireEye Inc forecast a surprise loss for the current-quarter after edging past earnings estimate for the last three months of 2018, sending the cybersecurity firm's shares down 7 percent in extended trading on Wednesday.
GoPro tops revenue estimates, posts first profit in five quarters
GoPro Inc reported its first profit in five quarters on Wednesday and topped Wall Street estimates for revenue, as it cut costs and saw strong demand for HERO 7 action cameras, the cheapest so far in its flagship line.
FireEye beats revenue estimates on higher subscriptions
FireEye Inc beat analysts' estimates for quarterly revenue and reported a smaller quarterly loss on Wednesday, as the cybersecurity firm's shift to a subscription-based model and cost-cutting efforts paid off.
Zynga bookings beat estimates as turnaround takes hold
Zynga Inc on Wednesday forecast quarterly bookings above analysts' estimates after beating expectations for the fourth quarter, suggesting that the game developer was benefiting from its mobile push.
Germany's DFS, Rheinmetall demonstrate system to prevent drone disruptions
Germany's state-owned DFS air traffic controller and arms maker Rheinmetall on Wednesday demonstrated an experimental system aimed at averting the costly travel chaos triggered by drones flying at London's Gatwick Airport in December.
Swiss exchange SIX to launch blockchain bourse in second half
Swiss exchange SIX plans to launch its new SDX trading platform using blockchain technology to speed up trading in the second half of this year, Chairman Romeo Lacher said on Wednesday.
Take-Two, EA forecasts spark concerns as 'Fortnite', 'PUBG' win over gamers
Videogame publisher Take-Two Interactive Software Inc joined rival Electronic Arts in forecasting full-year revenue below Wall Street estimates, adding to fears that competition from free-to-play battle royale games "Fortnite" and "PUBG" was eating into sales.
French Senate rejects tougher telecoms controls despite U.S. Huawei warning
The French Senate rejected on Wednesday proposed legislation aimed at toughening checks on telecoms equipment, following a U.S. warning about Chinese telecoms giant Huawei.
Take-Two shares tumble as revenue forecasts fall short of estimates
Videogame publisher Take-Two Interactive Software Inc disappointed investors on Wednesday with its adjusted revenue forecasts for the current quarter and the full year, sending its shares down as much as 14 percent.
Cognizant beats quarterly expectations, names new CEO
Cognizant Technology Solutions Corp on Wednesday beat Wall Street estimates for quarterly results as it benefited from higher spending by clients in the healthcare and financial industries, sending its shares up 2 percent.
Spotify posts first ever operating profit, but cautious outlook for 2019
Spotify posted its first ever quarterly operating profit on Wednesday driven by a strong gross margin and slower-than-expected headcount growth, but it warned of a loss in 2019 and issued modest forecasts which disappointed investors.
Snap shares soar as Android app shows promise
Shares of Snap Inc rose 26 percent on Wednesday, after the maker of Snapchat messaging app arrested a fall in users on Apple devices and drew a series of favorable reviews from analysts for its progress with a new Android app.
India defers plan to tax mobile touch panel imports: sources
India has deferred a plan to tax imports of touch panels, three sources said, after smartphone makers such as Samsung Electronics asked the government to delay levying tariffs on such new imported components under a phased plan to boost local manufacturing.
IBM develops new technology to help prevent power outages
IBM Corp. has developed technology to predict and monitor when and where trees and vegetation threaten power lines which could help improve power supply operations and reduce outages, it said on Wednesday.
German ministers meet as U.S. urges Huawei exclusion: sources
German ministers discussed on Wednesday how to safeguard security in future 5G mobile networks, government sources said, amid intense debate over whether to shut China's Huawei Technologies out of the market.
New York Times beats estimates on digital subscriber growth
The New York Times Co reported better-than-expected quarterly profit and revenue on Wednesday, as it signed up almost 9 percent more digital subscribers in just three months.
Indian political parties abuse WhatsApp service ahead of election: executive
India's political parties have been abusing Facebook Inc's popular messaging service WhatsApp ahead of the country's general election and the company has warned them not to do so, a senior executive said on Wednesday.
Fintech firm Pagaya issuing $100 million in asset-backed securities
Pagaya, a U.S.-Israeli firm that uses machine learning and big data to manage institutional money, said on Wednesday it is issuing and overseeing $100 million in actively managed asset-backed securities led by structuring agent Cantor Fitzgerald.
Take-Two shares sink as forecasts fall short
Videogame publisher Take-Two Interactive Software Inc disappointed investors on Wednesday with its forecasts for fourth quarter and full-year adjusted revenue, sending its shares down as much as 10 percent.
Huawei offers to build cyber security center in Poland
China's Huawei has offered to build a cyber security center in Poland where last month authorities arrested a Chinese employee of the telecommunications firm along with a former Polish security official on spying charges.