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October 22, 2021

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Nasdaq set for lower open after Intel’s margin warning

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2021. REUTERS/Brendan McDermid Snap tumbles on Apple tweak, drags social media giants AmEx rises on profit beat Futures: Nasdaq down 0.19%, Dow up 0.17%, S&P up 0.07%, Oct 22 (Reuters) –......

Intel shares sink as chipmaker predicts lower margins in years ahead

Reuters
Visitors are seen at the Intel booth during the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. Picture taken July 30, 2021. REUTERS/Aly Song/Files Oct 21 (Reuters) – Intel Corp (INTC.O) on Thursday forecast lower profit margins for years to come as......

EXCLUSIVE Governments turn tables on ransomware gang REvil by pushing it offline -sources

Reuters
Oct 21 (Reuters) – The ransomware group REvil was itself hacked and forced offline this week by a multi-country operation, according to three private sector cyber experts working with the United States and one former official. Former partners and associates of the Russian-led criminal gang were responsible for a May......

Facebook signs copyright agreement with some French publishers

Reuters
Paves the way for signing of individual licences Copyright fees included in preliminary deal – source Publishers not compelled to use Facebook News service PARIS, Oct 21 (Reuters) – Facebook (FB.O) said on Thursday it had signed a preliminary copyright agreement with a French news publishers’ lobby group, paving the......

EV truck maker Rivian plans in-house battery cell manufacturing

Reuters
The Rivian R1T all-electric truck is pictured at an event, held by the electric vehicle startup, for customers who preordered the truck, in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino/File Photo/File Photo SAN FRANCISCO, Oct 1 (Reuters) – Electric truck maker Rivian Automotive, which currently sources batteries from......

Myanmar currency trade turns to online groups on Facebook amid crisis

Reuters
Myanmar banknotes are seen during an illegal exchange inside a house in Yangon, Myanmar, September 24, 2021. Picture taken September 24, 2021. REUTERS/Stringer Oct 1 (Reuters) – As Myanmar’s economic slump deepens after February’s military coup and parts of its financial system freeze up, many in the strife-torn country are......

Zoom, Five9 to terminate nearly $15 bln all-stock deal after shareholder vote

Reuters
Small toy figures are seen in front of the Zoom logo in this illustration picture taken March 15, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Sept 30 (Reuters) – Five9 Inc (FIVN.O) shareholders voted down the call center software firm’s $14.7 billion sale to Zoom Video Communications Inc (ZM.O)on Thursday, a major blow......

Facebook research shows company knew of Instagram harm to teens, senators say

Reuters
Sept 30 (Reuters) – U.S. senators on Thursday grilled Facebook Inc (FB.O) on its plans to better protect young users on its apps, drawing on leaked internal research that showed the social media giant was aware of how its Instagram app harmed the mental health of teens. The hearing in......

Facebook could face hefty fine in Russia over banned content, says regulator

Reuters
MOSCOW, Sept 30 (Reuters) – Russian authorities on Thursday warned social media giant Facebook (FB.O) it faces a fine of up to 10% of its annual turnover in the country unless it deletes content Moscow deems illegal. Upping the ante in its standoff with U.S. Big Tech, state communications regulator......

Japan e-commerce giant Rakuten to list online bank

Reuters
The logo of Rakuten is pictured at the headquarters of Rakuten in Tokyo, Japan, May 15, 2019. REUTERS/Sam Nussey/File Photo TOKYO, Sept 30 (Reuters) – Japanese e-commerce firm Rakuten Group Inc (4755.T) said on Thursday it is preparing to list its online banking unit, raising funds as it soaks up......

YouTube blocks all anti-vaccine content

Reuters
A YouTube logo seen at the YouTube Space LA in Playa Del Rey, Los Angeles, California, United States October 21, 2015. REUTERS/Lucy Nicholson WASHINGTON, Sept 29 (Reuters) – YouTube will block all anti-vaccine content, moving beyond its ban on false information about the COVID vaccines to include content that contains......

Russia arrests top cybersecurity executive in treason case

Reuters
Ilya Sachkov, head of Russia’s Group IB cybersecurity company, is seen in a car in Moscow, Russia November 9, 2018. Picture taken November 9, 2018. REUTERS/Shamil Zhumatov/Files Founder of cybersecurity firm accused of state treason Executive faces up to 20 years jail, denies charge, TASS says Arrest sends chill through......

CNN denies Australians access to its Facebook pages, cites defamation risk

Reuters
SYDNEY, Sept 29 (Reuters) – CNN said it is preventing Australians from accessing its Facebook Inc (FB.O) pages after a court ruled that publishers can be liable for defamation in public comment sections and the social media firm refused to help it disable comments in the country. The move makes......

Belarus forces kill IT worker in shootout, opposition says

Reuters
Sept 28 (Reuters) – Belarusian security forces shot dead a man and arrested his wife during a raid in an apartment block in Minsk on Tuesday, the KGB security service said. The man had opened fire against the security forces, one of whom also died, a statement said. Reuters could......

Amplitude valued at $5 bln after shares jump in Nasdaq debut

Reuters
Sept 28 (Reuters) – Shares of Amplitude Inc (AMPL.O) opened nearly 43% above their reference price in their Nasdaq debut on Tuesday, notching up a valuation of about $5 billion for the Benchmark-backed analytics company. San Francisco-based Amplitude, which confidentially filed for a direct listing in July, was valued at......

Netflix buys first video game studio, rolls out mobile games

Reuters
The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson Sept 28 (Reuters) – Netflix has bought video game creator Night School Studio and rolled out five mobile gaming titles in select European markets, the company said on Tuesday, as it......

Australia takes on Google’s online ad dominance, calls for data shakeout

Reuters
SYDNEY, Sept 28 (Reuters) – Australia’s antitrust watchdog said it wants the power to curb Google’s use of internet data to sell targeted ads, saying the Big Tech firm dominated the market to the point of harming publishers, advertisers and consumers. The comments, in a report published Tuesday, set up......

Pandemic pushes Chinese tech giants to roll out more courier robots

Reuters
Alibaba, Meituan, JD.com to operate over 2,000 robots by 2022 Executives said encouraged by falling costs, pandemic Robot deliveries are safer, but less efficient -consumers BEIJING, Sept 28 (Reuters) – More than a thousand robots are set to join the delivery personnel ranks of Chinese behemoths Alibaba (9988.HK), Meituan (3690.HK)......

Facebook invests $50 mln to build the ‘metaverse’ in responsible manner

Reuters
A 3D printed Facebook logo is pictured on a keyboard in front of binary code in this illustration taken September 24, 2021. REUTERS/Dado Ruvic/Illustration Sept 27 (Reuters) – Facebook Inc (FB.O) will invest $50 million to partner with organizations to responsibly build the so-called metaverse – a digital world where......

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