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February 27, 2021

Technology (TRBC level 1)

SoftBank announces settlement with former WeWork CEO Neumann

Reuters
Feb 26 (Reuters) – SoftBank Group Corp said on Friday it had reached a settlement with WeWork’s special committee and the company’s co-founder and former chief executive, Adam Neumann, putting to rest a legal battle dating back to 2019. SoftBank, the new owner of the office-sharing firm, did not disclose......

U.S. urban office market, stung by pandemic, hopes tech firms drive comeback

Reuters
NEW YORK (Reuters) – The growing footprint in New York of major tech companies like Amazon.com Inc, Facebook Inc and Alphabet Inc’s Google has given property owners and brokers hope that once the coronavirus has been conquered demand for office space will quickly return to pre-pandemic levels. FILE PHOTO: The......

Bitcoin falls over 6% to lowest in two weeks

Reuters
FILE PHOTO: A representation of virtual currency Bitcoin is seen in this illustration taken November 19, 2020. REUTERS/Dado Ruvic/Illustration LONDON (Reuters) – Bitcoin fell as much as 6% on Friday to its lowest in two weeks, as a rout in global bond markets sent yields flying and sparked a sell-off......

Analysis: Hedge funds worry about market fallout from Tesla, ARK and spiking yields

Reuters
(Reuters) – Some hedge fund managers are getting concerned about the money that has flooded into high-flying stocks like Tesla and the popular ARK fund as bond yields spike and growth stocks take a hit. FILE PHOTO: Traders wear masks as they work on the floor of the New York......

Facebook switches news back on in Australia, signs content deals

Reuters
By Renju Jose, Jonathan Barrett SYDNEY (Reuters) – Facebook Inc ended a one-week blackout of Australian news on its popular social media site on Friday and announced preliminary commercial agreements with three small local publishers. FILE PHOTO: A 3D-printed Facebook logo is seen in front of a displayed Australian flag......

Autodesk names Debbie Clifford as CFO

Reuters
(Reuters) – AutoCAD software maker Autodesk Inc said on Thursday it has appointed Debbie Clifford as its chief financial officer, effective March 8. Clifford currently serves as chief financial officer at U.S. online survey firm SurveyMonkey. Reporting by Ayanti Bera in Bengaluru; Editing by Shailesh Kuber Source – For more......

Salesforce beats quarterly revenue expectations

Reuters
FILE PHOTO: The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid (Reuters) – Salesforce.com Inc reported better-than-expected fourth-quarter revenue on Thursday, helped by increased demand for its cloud-based software as remote work stretches further into 2021. Revenue in......

INTERVIEW-The school leader getting New Mexico’s tribes online

Reuters
By Jack Graham, Thomson Reuters Foundation * Less than 60% of rural New Mexico’s population has high-speed internet * Students had been using smartphones and parking lot Wi-Fi * Santa Fe Indian School provided laptops to get 700 students online Feb 25 (Thomson Reuters Foundation) – Working with rural tribal......

Klarna transactions value jumps amid ‘buy now, pay later’ boom

Reuters
STOCKHOLM (Reuters) – Swedish “buy now, pay later” company Klarna on Thursday reported a jump in transactions using its platform and in net operating income in 2020, helped by its expansion in the United States and other markets. FILE PHOTO: A smartphone displays a Klarna logo in this illustration taken......

Biden says he will push for funding for semiconductor legislation

Reuters
U.S. President Joe Biden delivers holds a semiconductor chip as he speaks prior to signing an executive order, aimed at addressing a global semiconductor chip shortage, in the State Dining Room at the White House in Washington, U.S., February 24, 2021. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – U.S. President Joe Biden......

LinkedIn says tech issue on platform resolved

Reuters
FILE PHOTO: The logo for LinkedIn Corporation is shown in Mountain View, California, U.S. February 6, 2013. REUTERS/Robert Galbraith (Reuters) – LinkedIn, Microsoft Corp’s professional networking site, said on Tuesday it had resolved a technical glitch on its platform, after thousands of users reported difficulties in accessing the website. Downdetector,......

Exclusive: French antitrust investigators say Google breached its orders on talks with news publishers – sources

Reuters
PARIS (Reuters) – French antitrust investigators have accused Alphabet Inc’s Google of failing to comply with the state competition authority’s orders on how to conduct negotiations with news publishers over copyright, two sources who read the investigators’ report said. FILE PHOTO: The logo of Google is seen at the high......

Bitcoin slides 6% to below $55,000

Reuters
FILE PHOTO: Representation of the virtual currency Bitcoin is seen on a motherboard in this picture illustration taken April 24, 2020. REUTERS/Dado Ruvic/Illustration LONDON (Reuters) – Bitcoin fell more than 6% on Monday after surging to a record $58,354 a day earlier, as a selloff in global equities curbed risk......

Baidu-Geely EV venture names Mobike co-founder as chief

Reuters
BEIJING/SHANGHAI (Reuters) – China’s Baidu Inc and automaker Geely hired Mobike co-founder and former chief technology officer Xia Yiping as chief executive of their new electric vehicle venture, the search engine giant said on Monday. Baidu last month had announced it would set up a company with Zhejiang Geely Holding......

UPDATE 1-Former Bank of England Governor Carney joins board of digital payments company Stripe

Reuters
(Updates with Carney’s statement) Feb 21 (Reuters) – Mark Carney, former head of the UK and Canadian central banks, has joined the board of U.S. digital payments company Stripe Inc, days after the company was reported to be planning a primary funding round valuing it at over $100 billion. “Regulated......

Feeling angry? The ‘Rage Room’ opens in Sao Paulo

Reuters
SAO PAULO (Reuters) – Feeling frustrated and stressed out? Brazilians now have a place to vent their anger and fury in the newly opened “Rage Room.” Inside a warehouse on the outskirts of Sao Paulo, people are able to swing giant hammers at old televisions, computers and printers, demolishing the......

Google fires research leader amid diversity, research freedom controversies

Reuters
By Paresh Dave, Jeffrey Dastin FILE PHOTO: The Google sign is shown on one of the company’s office buildings in Irvine, California, U.S., October 20, 2020. REUTERS/Mike Blake/File Photo (Reuters) – Alphabet Inc’s Google fired researcher Margaret Mitchell on Friday, they both said, after a weeks-long investigation found she moved......

Uber faces UK Supreme Court ruling on worker rights in gig economy test

Reuters
LONDON (Reuters) – Britain’s Supreme Court will rule on Friday in a battle over workers’ rights at taxi app Uber that could have ramifications for millions of people in the gig economy. FILE PHOTO: The Uber application is seen on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah......

Australia to continue talks with Facebook’s Zuckerberg over media code

Reuters
SYDNEY (Reuters) – Australian Treasurer Josh Frydenberg said he would continue his talks with Facebook Inc Chief Executive Mark Zuckerberg on Friday after the social media platform blocked its news feeds in the country over disputes over a new media payment code. “We spoke yesterday morning but then we were......

Factbox: Stonks in Washington – Deciphering Reddit’s WallStreetBets lingo

Reuters
(Reuters) – Reddit trading lingo may filter in to Washington on Thursday when top hedge fund managers, the head of Robinhood and Roaring Kitty himself are set to give testimony before U.S. House of Representatives lawmakers. FILE PHOTO: The Reddit logo is seen on a smartphone in front of a......

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