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Updated: 3 years 47 weeks ago

Zoom nearly doubles revenue forecast on remote-work boost, but costs rising

Wed, 06/03/2020 - 02:09
Zoom Video Communications Inc nearly doubled its expectations for annual sales on Tuesday, driven by a surge in users as more people work from home and connect with friends online during coronavirus lockdowns.
Categories: Technology

Twitter names ex Google CFO Pichette as chair, Kordestani to stay on

Wed, 06/03/2020 - 01:39
Twitter Inc on Tuesday appointed Patrick Pichette, a former chief financial officer at Google, as the social network's board chairman, marking the first time in Twitter's history that an outsider will preside over the group.
Categories: Technology

Google is sued in U.S. for tracking users' 'private' internet browsing

Wed, 06/03/2020 - 00:09
Google was sued on Tuesday in a proposed class action accusing the internet search company of illegally invading the privacy of millions of users by tracking their internet use from browsers set in "private" browsing mode.
Categories: Technology

Use of battery power storage seen accelerating to 2030 and beyond: WoodMac

Wed, 06/03/2020 - 00:06
The use of batteries for energy storage is expected to grow faster than that of other flexible assets in the period to 2030 and beyond, as renewable energy generation expands, consultancy Wood Mackenzie said in research published on Wednesday.
Categories: Technology

Europe's Gaia-X cloud computing platform takes shape

Wed, 06/03/2020 - 00:03
A proposed European cloud computing platform that seeks to break the continent's reliance on Silicon Valley will take shape in the coming weeks when a group of 22 French and German companies set up a legal entity to run it.
Categories: Technology

Zoom doubles forecast for full-year revenue on remote-work boost

Tue, 06/02/2020 - 23:41
Zoom Video Communications Inc nearly doubled its expectations for annual sales on Tuesday, driven by a surge in users as more people work from home and connect with friends online during coronavirus lockdowns.
Categories: Technology

Twitter names ex-Google CFO Patrick Pichette chairman

Tue, 06/02/2020 - 23:38
Twitter Inc said on Tuesday that it appointed Patrick Pichette, former chief financial officer at Google, as chairman, replacing Omid Kordestani.
Categories: Technology

Lyft says May rides jump 26% from prior month

Tue, 06/02/2020 - 23:31
Ride-hailing firm Lyft Inc said on Tuesday that rides on its platform rose 26% in May from the previous month helped by strong growth in cities where coronavirus-induced restrictions have been eased.
Categories: Technology

TikTok has its Arab Spring moment as teen activism overtakes dance moves

Tue, 06/02/2020 - 22:09
Just a few months ago, 17-year-old Taylor Cassidy was spending hours flailing her arms in an attempt to pick up the latest dance move the "Renegade."
Categories: Technology

Center for Democracy and Technology files lawsuit against Trump's executive order on social media

Tue, 06/02/2020 - 22:08
The Washington-based Center for Democracy and Technology filed a lawsuit on Tuesday against U.S. President Donald Trump's executive order on social media, arguing it violates the First Amendment.
Categories: Technology

Advocacy group sues to block Trump social media executive order

Tue, 06/02/2020 - 22:07
A Washington-based advocacy group on Tuesday asked a U.S. judge to invalidate an executive order on social media companies President Donald Trump signed last week claiming it violates the First Amendment.
Categories: Technology

U.S. launches trade probe into digital taxes, plowing ground for new tariffs

Tue, 06/02/2020 - 21:26
The United States is investigating digital services taxes being adopted or considered by Britain, Italy, Brazil and other countries, the U.S. Trade Representative's office said on Tuesday, a move that could lead to new punitive tariffs and heighten trade tensions.
Categories: Technology

Canadian telcos tap Ericsson, Nokia for 5G equipment amid Huawei uncertainty

Tue, 06/02/2020 - 20:58
Bell Canada on Tuesday chose Sweden's Ericsson to be its 5G network equipment supplier, while smaller rival Telus Corp picked Ericsson and Finland's Nokia Oyj , with Huawei continuing to face an uncertain future in the country.
Categories: Technology

Geely's Polestar plans China showroom expansion to compete with Tesla: sources

Tue, 06/02/2020 - 20:33
Polestar, the premium electric vehicle maker owned by China's Geely, plans a big expansion of its showroom network in the mainland, sources said, as it prepares for delivery of cars to compete with Tesla Inc's locally made Model 3.
Categories: Technology

Spain says digital tax won't discriminate against countries as U.S. ups ante

Tue, 06/02/2020 - 20:29
Spain's plans to tax tech companies' revenues does not discriminate against any country, a government source told Reuters on Tuesday after the United States opened a probe into such taxes or proposals by its various trading partners.
Categories: Technology

Combat 5G COVID-19 fake news, urges Europe

Tue, 06/02/2020 - 19:47
European Union (EU) nations banking on 5G to boost economic growth are eager to tackle conspiracy theories linking the wireless technology to the spread of the novel coronavirus that have seen masts torched in several places.
Categories: Technology

Factbox: Who are the first members of Facebook's oversight board?

Tue, 06/02/2020 - 19:41
Facebook Inc on Wednesday named the first members of its independent oversight board, which will be able to overturn the company's decisions on individual pieces of content and recommend policy changes.
Categories: Technology

China is using Huawei to drive a wedge in the UK-U.S. special relationship: senator

Tue, 06/02/2020 - 19:37
China is using telecoms giant Huawei to try to drive a wedge between Britain and the United States, Republican senator Tom Cotton told British lawmakers on Tuesday.
Categories: Technology

EU seeks feedback on new antitrust power to investigate companies

Tue, 06/02/2020 - 16:10
EU regulators are seeking feedback about a possible new power to investigate businesses and demand changes even when no competition rules have been broken, in a move aimed at stopping companies from abusing their dominance.
Categories: Technology

India launches $6.7 billion plan to boost electronics manufacturing

Tue, 06/02/2020 - 15:59
India launched a $6.65 billion plan on Tuesday to boost electronics manufacturing, saying it would start by offering five global smartphone makers incentives to establish or expand domestic production.
Categories: Technology

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