Technology News

Netflix forecast misses Wall Street view, shares dip

(Reuters) - Netflix Inc (NFLX.O) reported revenue and a first-quarter forecast slightly below Wall Street estimates on Thursday, sending shares of the world’s largest streaming service down 4 percent in after-hours trading. The company released its massively popular dystopian movie “Bird Box” late in the fourth quarter, which helped attract a record 8.8 million new paid streaming customers in the period, but i...

17 Jan 11:42 PM 0 Read More...

Netflix: Down after co misses fourth-quarter revenue estimates

** Netflix’s shares (NFLX.O) down 4.5 pct at $337.46 in extended trading - if losses hold on Friday, stock set for its biggest 1-day fall so far this year ** Co misses Q4 revenue estimates despite a slate of new original content ** NFLX was up marginally in afternoon trading ** Co added 8.84 mln paid global streaming subscribers in the Q4 and expects global paid streaming net subscriber additions of 8.90 mln in th...

17 Jan 10:34 PM 0 Read More...

China's envoy to Canada says Huawei 5G ban would have repercussions

OTTAWA (Reuters) - China’s envoy to Canada on Thursday warned Ottawa there would be repercussions if it banned technology firm Huawei Technologies Co Ltd [HWT.UL] from supplying equipment to Canadian 5G networks, the latest blast in a deepening bilateral dispute. Ambassador Lu Shaye, speaking at a news conference, did not give details. Canada is currently studying the security implications of 5G networks, but unlik...

17 Jan 10:24 PM 0 Read More...

Slack's product chief to step down

(Reuters) - Slack Technologies Inc’s chief product officer, April Underwood, is leaving the messaging startup, at a time when the company is exploring a public listing later this year. Underwood is leaving to spend more time working at #Angels, an investing group she co-founded three months before joining Slack in 2015, according to her blog post medium.com/@aunder/new-year-new-old-hashtag-angels-a4f2b73f68e. She w...

17 Jan 9:50 PM 0 Read More...

Netflix's fourth-quarter revenue misses estimates; shares slip

(Reuters) - Netflix Inc (NFLX.O) posted lower-than-expected quarterly quarter revenue on Thursday, despite a slate of original content the streaming pioneer released in the quarter including hit thriller “Bird Box”, sending its shares down 3 percent. The company said it added 8.84 million paid global streaming subscribers in the fourth quarter. It said it expects global paid streaming net subscriber additions of ...

17 Jan 9:31 PM 0 Read More...

Fossil to sell smartwatch technology worth $40 million to Google, shares rise

(Reuters) - Fossil Group Inc said on Thursday it would sell its intellectual property related to a smartwatch technology currently under development to Alphabet Inc’s Google for $40 million, sending the watchmaker’s shares up as much as 11 percent. The sale will see a portion of its research and development team currently working on the technology moving to Google. The deal is expected to close in January, Fossil...

17 Jan 6:40 PM 0 Read More...

Ex-Symantec executive Canellos joins Ericom Software as CEO

NEW YORK (Reuters) - Ex-Symantec executive David Canellos has joined Ericom Software as chief executive officer, the security software provider said on Thursday, just a month after his departure from Symantec. The move follows multiple key executive exits at Symantec late last year, including president and chief operating officer Michael Fey, chief marketing officer Michael Williams and senior vice president of world...

17 Jan 6:09 PM 0 Read More...

Payments company Square launches debit card for small businesses

NEW YORK (Reuters) - Payments company Square Inc is launching a free debit card for small businesses aimed at helping them better manage their cash flows, the company said on Thursday. The MasterCard debit card will allow companies to spend funds from sales they have processed via Square’s payments systems as soon as they have made the sale, the company said. This gives business owners quicker access to the procee...

17 Jan 5:11 PM 0 Read More...

Germany considers barring Huawei from 5G networks

BERLIN (Reuters) - The German government is debating whether to follow the United States and allies like Australia in restricting China’s Huawei Technologies from accessing its next-generation mobile networks on national-security grounds. Some Western countries have barred Huawei [HWT.UL] from their markets after U.S. officials briefed allies that Huawei is at the beck and call of the Chinese state, warning that it...

17 Jan 2:21 PM 0 Read More...

Facebook blocks accounts linked to Russian state-owned Sputnik

(Reuters) - Facebook Inc (FB.O) said on Thursday it had removed hundreds of Russia-initiated accounts, which it judged to be involved in coordinated inauthentic behavior on its platforms, including some linked to state-owned news agency Sputnik. In a separate statement, Sputnik attacked the social network for a decision it said was political and amounted to censorship of seven Facebook pages belonging to its news hub...

17 Jan 2:21 PM 0 Read More...