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.
Twitter COO Noto jumps ship to head online lender SoFi
(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...
KKR-backed cyber firm Optiv expands into Europe with deals in mind
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.
Musk to get no salary unless Tesla hits milestones
(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.
Apple launches HomePod voice speaker, taking on Google, Amazon
(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...
Snapchat to let users share stories outside the app
(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.
U.S. cloud-computing failure could spur up to $19 billion in losses: Lloyd's
(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, ...
Facebook to hand privacy controls to users ahead of EU law
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...
Uber CEO says relationship with ex-chief Kalanick 'fine but strained'
(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...
Russian tech investors set up shop in Silicon Valley
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...
Netflix shares hit record high after blockbuster results
(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 ...
Musk may get no salary unless Tesla hits milestones
(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...
Microsoft could lose big if it curbs sales in Russia: minister
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...
Tesla ties CEO Musk's compensation to company's performance
(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...
What is Malware
You may have heard of terms such as virus, trojan, ransomware, or rootkit when people discuss cyber security. All of these words describe the same thing, types of programs used by criminals to infect computers and devices. A common term used to describe all these different programs is the word malwa...
U.S. product lets investors triple bet on popular tech stocks
(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...
South Korea to ban cryptocurrency traders from using anonymous bank accounts
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...
Netflix crosses $100 billion market capitalization as subscribers surge
(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...
Netflix crosses $100 billion market cap as subscribers surge
(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...
Montana governor takes stand for state to honor 'net neutrality'
WASHINGTON (Reuters) - Montana will sign contracts only with internet service providers that honor “net neutrality” firms, Governor Steve Bullock said on Monday, the latest effort by a state to undermine a Federal Communications Commission order rolling back rules introduced in 2015. Bul...
Waymo to start testing self-driving cars in Atlanta
(Reuters) - Waymo, Alphabet Inc’s self-driving car unit, would start testing its self-driving vehicles in Atlanta, it said on Twitter on Monday. "Atlanta is a major hub for technology and innovation, and a natural fit for Waymo's testing program," Waymo said on Twitter. (bit.ly/2DyOp6W) With o...
Adobe lifts profit forecast on tax reform boost
(Reuters) - Photoshop maker Adobe Systems Inc (ADBE.O) on Monday lifted its adjusted profit forecast for the current quarter and the full year, saying it expects its effective tax rate to decline “substantially” due to the recently enacted U.S. tax reforms. Adobe said it expects a charge...
Netflix crosses $100 billion market cap on subscriber surge
(Reuters) - Netflix Inc (NFLX.O) snagged 8.33 million new streaming customers in the final quarter of last year - 2 million more than Wall Street expected - as the pioneering online video service kept pouring money into programming in a race to dominate internet television around the world. The resu...
SEC is scrutinizing overnight blockchain companies: chairman
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) is scrutinizing public companies that change their name or business model in a bid to capitalize upon the hype surrounding blockchain technology, SEC Chairman Jay Clayton said on Monday. Dozens of little-known companies across ...
Adobe lifts earnings forecast on tax reform boost
(Reuters) - Photoshop maker Adobe Systems Inc (ADBE.O) on Monday lifted its forecast for yearly earnings per share, helped by new U.S. tax laws, saying it expects its effective tax rate to decline “substantially.” Adobe said it expects earnings of $6.20 per share for fiscal year 2018, up...
Netflix subscriber growth beats on strong original programming
(Reuters) - Netflix Inc (NFLX.O) added more international subscribers than expected in the fourth quarter, as the video streaming service provider kept viewers hooked with critically acclaimed shows such as “The Crown” and “Stranger Things.” Netflix signed up 6.36 million sub...
Icahn, Deason join forces to demand Xerox explore options
(Reuters) - Hedge fund managers Carl Icahn and Darwin Deason joined forces on Monday to push Xerox Corp (XRX.N) to explore strategic options, oust its “old guard”, including its CEO, and negotiate better terms for its decades-long deal with Japan’s Fujifilm. Icahn and Deason &ndash...
Facebook should pay 'trusted' news publishers carriage fee: Murdoch
(Reuters) - Media mogul Rupert Murdoch on Monday called on Facebook to pay “trusted” news publishers a carriage fee, similar to the model used by cable companies, amid efforts by the social media company to fight misinformation on its platform. “Facebook and Google have popularized...
Murdoch calls for 'fee' for trusted news publishers on Facebook
(Reuters) - News Corp’s (NWSA.O) Rupert Murdoch on Monday called on Facebook Inc (FB.O) to pay “trusted” news publishers a carriage fee, similar to the model used by cable companies. His remarks come days after Facebook Chief Executive Mark Zuckerberg said the social media company ...
Intel asks customers to stop using faulty patches
(Reuters) - Intel Corp has asked computer makers to stop rolling out a set of faulty patches it issued to fix security flaws in its chips and instead start testing an updated version. The company said on Monday that it wanted computer manufacturers and data center owners to stop using the current fi...