Technology

SAN FRANCISCO (Reuters) – Quarterly results from Alphabet Inc (GOOGL.O) and Facebook Inc (FB.O) provided fresh evidence this week that the digital advertising market is effectively a duopoly, a dynamic with deep implications for two of Silicon Valley’s titans. Alphabet, the owner of Google and YouTube, and Facebook, the world’s largest social network, each produced
0 Comments
(Reuters) – 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 beat second-quarter estimates, were up 1.3 percent in after-hours trading on Thursday. Intel has
0 Comments
SAN FRANCISCO (Reuters) – 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 were created to conduct surveillance on Macron campaign officials and others close to
0 Comments
SINGAPORE (Reuters) – Amazon.com Inc launched its two-hour delivery service in Singapore on Thursday, marking the e-commerce giant’s biggest push into Southeast Asia and its first head-on battle with Chinese rival, Alibaba Group Holding. While Amazon already delivered to Singapore, higher-end services had not been available, including Prime subscriptions which provide access to the company’s
0 Comments
(Reuters) – Digital payments company PayPal Holdings Inc raised its earnings outlook on Wednesday after reporting better-than-expected quarterly results, driven by growth in users and transaction volumes. The San Jose, California-based company beat Wall Street expectations for both profit and revenue in the second quarter, and raised its full-year adjusted earnings forecast to a range
0 Comments
MADRID (Reuters) – Authorities in Madrid asked Spain’s anti-trust watchdog on Saturday to investigate whether Uber’s new low-cost airport transfer service constitutes unfair competition. The city council’s request follows the ride-hailing app’s return to the Spanish capital last year after the CNMC competition regulator called for the government to lift a ban on the U.S.
0 Comments