Technology

Facebook Inc on Wednesday announced the first 20 members of its independent oversight board that can overrule the company’s own content moderation decisions. Here are some key facts about how the board will work:

Libra Association, the entity managing the Facebook Inc-led effort to build global digital currency Libra, on Wednesday named Stuart Levey as its first chief executive officer.

Shopify Inc said more people were shopping online as the COVID-19 crisis kept them at home, helping the Canadian e-commerce company post a surprise adjusted profit for the first quarter and sending shares to a record high.

Zoom Video Communications Inc on Wednesday named former White House National Security Adviser HR McMaster to its board and hired the policy chief of one of the tech world's big lobby groups to drive governmental relations as it poured more money into improving its image on security.

Volvo Cars is deepening ties with lidar sensor specialist Luminar, and has struck a deal with the Silicon Valley-based start-up to integrate its technology in its new car platform, SPA 2, the Sweden-based car maker said on Wednesday.

Canadian e-commerce company Shopify Inc on Wednesday posted a surprise adjusted profit for the first quarter and beat revenue estimates as more users visited its platform after lockdowns led merchants to move their businesses online.

China on Tuesday successfully launched its largest carrier rocket, which was carrying a new-generation spacecraft, state broadcaster CCTV said.

Samsung Group heir Jay Y. Lee, embroiled in a bribery scandal, on Wednesday made a rare apology over controversial succession plans and said he will not hand over management rights to his children at the family-controlled conglomerate.

Finnish telecom equipment maker Nokia said on Wednesday it had issued an offer to buy back for cash its 1% notes due March 15, 2021 for up to 500 million euros.

Estonian ride-sharing service Bolt on Wednesday launched its own electric scooter model and said it aims to launch the scooter service in more than 45 cities this summer.

California and three of its largest cities on Tuesday sued Uber Technologies Inc and Lyft Inc, accusing them of classifying their drivers improperly as independent contractors instead of employees, evading workplace protections and withholding worker benefits.

Pinterest Inc on Tuesday said advertisers were slowing spending on the image sharing company due to the COVID-19 pandemic and reported a bigger-than-expected first-quarter loss as costs surged from new user additions, sending its shares down 18% in extended trade.

Video game publisher Electronic Arts Inc forecast full-year adjusted revenue above Wall Street estimates on Tuesday, riding on the broader surge in videogame sales as people shelter at home due to the COVID-19 pandemic.

Latin American e-commerce company MercadoLibre is one of the few firms not scaling back spending amid the coronavirus pandemic and plans to move forward with a planned 4 billion reais ($717 million) investment in Brazil this year, an executive told Reuters on Tuesday.

Pinterest Inc reported a bigger-than-expected first-quarter loss on Tuesday as the image sharing company incurred higher costs, sending its shares down 10% in extended trade.

Match Group Inc reported quarterly revenue that fell short of Wall Street estimates on Tuesday, hit by slowing growth in its popular dating app "Tinder" as fewer people signed up and paid for its premium features amid the COVID-19 pandemic.

Image sharing company Pinterest Inc's first-quarter revenue beat estimates on Tuesday, as coronavirus-led lockdowns forced people to stay indoors and seek engagement and entertainment online.

Government-backed hackers are attacking healthcare and research institutions in an effort to steal valuable information about efforts to contain the new coronavirus outbreak, Britain and the United States said on Tuesday in a joint warning.

The coronavirus outbreak put paid to May Day festivities on the Isle of Wight this week and brought the spotlight to the island for a very different reason: it has been designated a testing ground for a tracing app aimed at stemming the virus's spread.

Iran's state broadcaster has used hundreds of fake social media accounts to covertly spread pro-Iranian messaging online since at least 2011, targeting voters in countries including Britain and the United States, Facebook said on Tuesday.