Technology

Activist investor Starboard Value is pressuring eBay for the second time in two years and said on Thursday that it plans to install four directors on the e-commerce company's 14-member board.

Citigroup Inc asked its non-essential workers across North America to hold off on logging into its remote access system until 1 p.m. on Thursday, as it braced for many employees to begin working from home, according to sources familiar with the matter.

The European Commission has warned Europe's telecoms providers not to block content platforms in an attempt to prevent internet gridlock caused by house-bound Europeans teleworking or video streaming due to the coronavirus outbreak.

Microsoft Corp's Teams chat and conferencing app gained more than 12 million daily users in one week, a 37.5% jump as more people worked from home during the coronavirus outbreak, the company said on Thursday.

Amazon.com Inc said on Thursday it has halted its Prime Pantry delivery service in the United States to restock groceries, following a surge in online orders by shoppers worried about the coronavirus pandemic.

Shares of Uber Technologies Inc surged as much as 44% on Thursday after Chief Executive Officer Dara Khosrowshahi said it had plenty of cash on hand to tide over the coronavirus crisis and signaled a recovery in some parts of its business.

Amazon.com Inc has started asking customers to cooperate with a Department of Justice criminal investigation of third-party sellers on its e-commerce marketplace, according to an email seen by Reuters.

Amazon.com Inc on Thursday said it was closing a small New York warehouse temporarily after one of its associates tested positive for the coronavirus, a move that highlights the operational risk it faces as the disease spreads.

Shares of Uber Technologies Inc surged as much as 44% on Thursday after Chief Executive Officer Dara Khosrowshahi said it had plenty of cash on hand to tide over the coronavirus crisis and signaled a recovery in some parts of its business.

Amazon.com Inc has started asking customers to cooperate with a Department of Justice criminal investigation of third-party sellers on its e-commerce marketplace, according to an email seen by Reuters.

The European Commission on Thursday warned Europe's telecoms providers against blocking content providers as they try to ease the strain on their networks caused by house-bound Europeans teleworking or video streaming due to the coronavirus outbreak.

Microsoft Corp's Teams chat and conferencing app gained more than 12 million daily users in one week, a 37.5% jump as more people worked from home during the coronavirus outbreak, the company said on Thursday.

Microsoft Corp said on Thursday that Teams, its chat and conferencing app, reached 32 million users as of March 11 amid a surge in remote work by companies around the world in response to the coronavirus outbreak.

Israel's Quantum Machines, which developed hardware and software for the operation of quantum computers, said on Thursday it has raised $17.5 million in early stage funding.

Activist investor Starboard Value said on Thursday it has nominated four directors to eBay Inc's board and urged the e-commerce firm to look for external candidates for the chief executive officer role.

On Sunday morning, a viral outbreak in the Dutch city of Utrecht infected more than 60 people in less than hour. Unlike the coronavirus, however, the infection happened on WhatsApp.

Some app developers say Alphabet Inc's Google is increasingly pressing them to embed code in their own products that will deepen Google's access to data on consumers, giving the company a leg up on rivals.

Europeans stuck at home because of the coronavirus may not have any sports events to bet on, but they are playing more poker and bingo online to relieve the boredom, online gambling software provider Playtech said on Thursday.

China's Xiaomi had resumed operations for over 80% of its supply chain as of Thursday in the wake of the country's coronavirus outbreak, the company's president said.

As worries over the economic hit from the coronavirus outbreak spread from stocks, oil and bonds to cryptocurrencies late last week, bitcoin crashed to its worst day in seven years. But plummeting prices weren't the only problem for investors.