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(Reuters) – The web hosting company GoDaddy said on Sunday it had given The Daily Stormer 24 hours to move its domain to another provider after the extremist web site posted an article denigrating the woman who was killed at a white nationalist rally in Virginia. “We informed The Daily Stormer that they have 24 […]
(Reuters) – Time Warner Inc’s HBO network last month offered $250,000 to cyber criminals who hacked into its computer system, asking them to extend a deadline for paying a much larger ransom, according to an email reviewed by Reuters. “You have the advantage of having surprised us,” a member of HBO’s technology team said in […]
(Reuters) – Snap Inc Chief Executive Officer Evan Spiegel said on Thursday neither he nor co-founder Bobby Murphy would sell shares of the Snapchat parent this year, but that failed to soothe investors after quarterly results fell short of analyst expectations. Shares of the Los Angeles company slumped nearly 17 percent in extended trading. A […]
MOUNTAIN VIEW, Calif. (Reuters) – U.S. Defense Secretary Jim Mattis said on Thursday an Obama-era experimental defense outpost in Silicon Valley would grow in importance under the Trump administration and that the nation’s technology entrepreneurs were vital to national defense. Mattis paid his first official visit to the Pentagon’s Defense Innovation Experimental Unit, or DIUx, […]
News highlights for 10 August 2017 High expectations for IPOs are causing concern 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 […]
NEW YORK (Reuters) – Payments firm PayPal Holdings Inc 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 through its platform and better provide credit to firms […]
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. Now some investors fear […]
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 the Nevada Department of Motor Vehicles (DMV), […]
SAN FRANCISCO (Reuters) – Facebook Inc on Wednesday made its biggest move to date to compete in the television market by expanding its video offerings with programming ranging from professional women’s basketball to a safari show and a parenting program. The redesigned product, called “Watch,” will be available initially to a limited group in the […]
TOKYO (Reuters) – Toshiba Corp’s shares jumped more than 9 percent early on Wednesday after sources told Reuters the Japanese conglomerate’s auditor was likely to sign off on its annual results. PricewaterhouseCoopers Aarata LLC will give a “qualified opinion” endorsing Toshiba’s finances in the financial statement for the year ended in March, people with direct […]
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