Technology News (Reuters)
Zoom nearly doubles revenue forecast on remote-work boost, but costs rising
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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?
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
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
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
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