(Reuters) – Facebook Inc (FB.O) Chief Executive Mark Zuckerberg’s compensation rose 53.5 percent to $8.9 million in 2017, a regulatory filing showed on Friday, largely due to higher costs related to the 33-year old billionaire’s personal security. FILE PHOTO: Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce Committee hearing regarding the company’s
HAMBURG (Reuters) – Satellite technology to provide Wi-Fi on board planes has matured to a point where more and more airlines are looking to use it, triggering a “gold rush” among suppliers. FILE PHOTO: A man uses his laptop on a flight out of John F. Kennedy International Airport in New York December 11, 2013.
(Reuters) – Tesla Inc (TSLA.O) will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker up to 3 percent higher. FILE PHOTO: A Tesla dealership is seen in West
SINGAPORE (Reuters) – Singapore’s competition watchdog on Friday outlined a number of interim measures as it continued investigation into ride-hailing firm Grab’s deal to buy Uber Technologies’ business in the city-state. FILE PHOTO: A view of Uber and Grab offices in Singapore March 26, 2018. REUTERS/Edgar Su/File Photo The Competition and Consumer Commission of Singapore
LONDON/STOCKHOLM (Reuters) – Spotify (SPOT.N), the world’s largest music streaming service, said on Thursday it is to buy Loudr.fm, a San Francisco-based provider of licensing technology to help it to locate songwriters and pay them royalties they are due. FILE PHOTO: The Spotify logo hangs on the facade of the New York Stock Exchange in
LONDON (Reuters) – After shaking up the music industry, Spotify (SPOT.N) is now prompting investors to question the value they get from investment banks underwriting new listings with its low-cost IPO. The Spotify logo hangs on the facade of the New York Stock Exchange with U.S. and a Swiss flag as the company lists it’s
HONG KONG (Reuters) – U.S. private equity firm Warburg Pincus LLC [WP.UL] is in talks to invest in a fundraising round for China’s Ant Financial Services Group [ANTFIN.UL] that is expected to be worth at least $8 billion, people with knowledge of the matter said. FILE PHOTO: The logo of Ant Financial Services Group, Alibaba’s financial
SAN FRANCISCO (Reuters) – Tesla Inc (TSLA.O) is targeting November 2019 as the start of production for its Model Y sport utility vehicle, with production in China to begin two years later, two sources told Reuters this week, shedding some light on the electric vehicle maker’s next project that could tax its resources and capacity.
WASHINGTON/SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg started a second day of testimony on Capitol Hill on Wednesday, facing more questions from lawmakers about data privacy at the world’s largest social media network. Facebook CEO Mark Zuckerberg is surrounded by members of the media as he arrives to testify before a Senate
WASHINGTON/SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg on Tuesday navigated through the first of two U.S. congressional hearings without making any further promises to support new legislation or change how the social network does business. During nearly five hours of questioning by 44 U.S. senators, Zuckerberg repeated apologies he previously made for
WASHINGTON/SAN FRANCISCO (Reuters) – Facebook Inc shares posted their biggest daily gain in nearly two years on Tuesday as Chief Executive Mark Zuckerberg fended off questions from U.S. senators on how the world’s largest social network might be regulated more closely. Zuckerberg repeated apologies made on Monday for a range of problems that have beset
JERUSALEM (Reuters) – Israel’s consumer protection bureau said on Tuesday it was investigating Apple over a failure to disclose to consumers that its software could slow performance in some iPhones. FILE PHOTO: Silhouette of mobile user is seen next to a screen projection of Apple logo in this picture illustration taken March 28, 2018. REUTERS/Dado
NEW DELHI (Reuters) – Online search giant Google has filed an appeal at the National Company Law Appellate Tribunal against an order from India’s competition watchdog that found it guilty of “search bias” and abuse of its dominant position, two sources aware of the matter told Reuters. Silhouettes of mobile users are seen next to
WASHINGTON (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg swapped his trademark T-shirt and jeans for a dark suit and a purple tie on Monday as he met U.S. lawmakers to apologize for the social network’s misuse of its members’ data and to head off possible regulation. His apologies precede two days of congressional hearings
WASHINGTON (Reuters) – Facebook Inc Chief Executive Officer Mark Zuckerberg will hold meetings with some U.S. lawmakers on Monday, a day before he is due to appear at Congressional hearings over a political consultancy’s use of customer data, two congressional aides said on Sunday. The planned meetings at Capitol Hill are expected to continue through