Technology News (Reuters)
Zoom adds ex-Trump adviser, tech lobbyist to PR push
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.
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Volvo Cars to integrate Luminar lidar in next generation car platform
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.
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Shopify posts surprise adjusted profit as lockdowns drive merchants online
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.
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China launches spacecraft via largest carrier rocket: CCTV
China on Tuesday successfully launched its largest carrier rocket, which was carrying a new-generation spacecraft, state broadcaster CCTV said.
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Samsung heir Lee apologises over succession, won't hand control to children
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.
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Finland's Nokia to buy back its 2021 bond worth 500 million euros and issue a new one
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.
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Uber rival Bolt aims to launch scooters in 45 cities
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.
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California sues Uber, Lyft over misclassifying drivers as contractors
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.
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Pinterest flags slowing ad spend as quarterly loss widens, shares fall
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.
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EA sees full-year revenue above estimates as home-sheltering boosts gaming
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.
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MercadoLibre to invest over $700 million in Brazil as coronavirus boosts e-commerce
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.
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Pinterest reports bigger-than-expected loss as costs rise
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.
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Match quarterly revenue hit by slowing Tinder growth
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.
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Pinterest revenue beats estimates as users surge amid lockdowns
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.
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State-backed hackers targeting coronavirus responders, U.S. and UK warn
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.
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From bunting to the big picture: Isle of Wight becomes UK's virus app test bed
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.
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Facebook says it dismantles disinformation network tied to Iran's state media
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.
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Fox News Media ties-up with Spotify to distribute podcasts
Fox News Media, a unit of Fox Corp, said on Tuesday it has partnered with digital streaming services company Spotify Technology SA to distribute its podcast catalogue featuring more than 20 original series.
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Twitter tests telling users their tweet replies may be offensive
Twitter Inc will test sending users a prompt when they reply to a tweet using "offensive or hurtful language," in an effort to clean up conversations on the social media platform, the company said in a tweet on Tuesday.
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Children at risk as pandemic pushes them online, warns U.N. agency
Children are accessing the internet at a younger age, spending longer online and are at greater risk of cyber bullying as the COVID-19 pandemic keeps them at home, a U.N. agency said on Tuesday.
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