Twitter shares tumble as user growth stalls Twitter Inc (TWTR.N) shares plunged more than 14 percent on Thursday after the social media platform disappointed investors with stagnant monthly active user growth in the second quarter. Despite its appeal among celebrities and public figures, Twitter has struggled to sustain its closely […]
Technology
Technology
Intel lifts forecasts as driverless tech, AI add to PC gains Chipmaker Intel Corp raised its full-year revenue and profit forecasts on higher expectations for its mainstay personal computer business and growth in newer areas such as artificial intelligence and autonomous driving. Shares of the world’s largest chipmaker, which also […]
Flush times for hackers in booming cyber security job market The surge in far-flung and destructive cyber attacks is not good for national security, but for an increasing number of hackers and researchers, it is great for job security. The new reality is on display in Las Vegas this week […]
Digital currency start-ups shrug off SEC warning on fund raising Technology companies looking to raise money by issuing digital coins are moving forward with their plans despite a U.S. regulator’s decision that their offerings may be subject to tough securities laws. Such initial coin offerings, or ICOs, have allowed startups […]
China’s Baidu profit jumps as focus on mobile, AI narrows Chinese internet search engine provider Baidu Inc has reported a jump in quarterly earnings, recovering from a string of regulatory investigations last year, as sharpened focus on mobile and artificial intelligence (AI) services drives growth. The result comes as Baidu […]
Amazon plows ahead with high sales and spending; profit plunges Amazon.com Inc on Thursday reported a jump in retail sales along with a profit slump, as its rapid, costly expansion into new shopping categories and countries showed no sign of slowing. The world’s largest online retailer posted second-quarter revenue of […]
Xiaomi gains new $1 billion loan to drive retail push, expansion overseas Chinese smartphone maker Xiaomi Inc said on Friday it had signed a deal for a new $1 billion loan to accelerate its drive into brick-and-mortar stores and help a push overseas. The three-year syndicated loan comes as China’s […]
Workspace startup WeWork opens China unit backed by Hony Capital, SoftBank Co-working space startup WeWork Cos revealed plans on Thursday for a Chinese unit with the backing of China’s Hony Capital and Japan’s SoftBank Group Corp, as it seeks to benefit from booming demand for shared office space in the […]
Exclusive Russia used Facebook to try to spy on Macron campaign sources Russian intelligence agents attempted to spy on President Emmanuel Macron’s election campaign earlier this year by creating phony Facebook personas, according to a U.S. congressman and two other people briefed on the effort. About two dozen Facebook accounts […]
Samsung Electronics expects continued chip boom after record second-quarter profit Samsung Electronics Co Ltd (005930.KS) on Thursday said it expected the memory chip boom to continue in the current quarter, after reporting a record operating profit for the three months through June. The world’s biggest maker of memory chips, smartphones […]
