Technology News

Zoom starts trading at $65 per share, 80 percent above IPO price

NEW YORK (Reuters) - Video conferencing company Zoom Video Communications opened at $65 per share on Thursday, 80.6 percent above its initial public offering price, in its debut on the Nasdaq. Zoom priced its IPO on Wednesday at $36 per share, above its target range of $33-$35 per share. Reporting by Chuck Mikolajczak and Joshua Franklin in New York; Editing by Dan Grebler...

18 Apr 4:10 PM 0 Read More...

Pinterest shares soar 25 percent in market debut

(Reuters) - Shares of online scrapbook company Pinterest Inc surged 25 percent in their debut on Thursday, giving it a market capitalization of $15.8 billion and signalling increased investor appetite for new tech listings. The offering of 75 million shares was priced at $19, above the expected range of $15 and $17, and raised $1.4 billion in net proceeds. The shares opened at $23.75 and touched a high of $24.89 at o...

18 Apr 4:01 PM 0 Read More...

Uber unveils safety measures after college student's murder

(Reuters) - Uber Technologies Inc said it was rolling out new safety features to help riders avoid fake rideshare drivers, two weeks after the murder of a college student who got into her killer’s car mistakenly believing it was her ride. The features include steps to identify the right car and a push notification to remind riders of the “Check Your Ride” steps just before their car arrives, the ride-hailin...

18 Apr 3:58 PM 0 Read More...

Visual China fined over false photo copyright claims

SINGAPORE (Reuters) - Visual China Group Co Ltd, the largest Chinese stock images provider, said on Thursday that a subsidiary has been fined by internet authorities, days after it falsely claimed copyright of prominent images. Internet authorities in China’s Tianjin city slapped a fine of 300,000 yuan ($44,720) on the company for violating the country’s cyber security laws, Visual China said in a filing to the S...

18 Apr 3:02 PM 0 Read More...

China's Huawei makes second attempt at Brazil smartphone market

SAO PAULO (Reuters) - China’s Huawei Technologies Co Ltd is making a second attempt at cracking the Brazilian smartphone market, the fourth-largest in the world, with the launch of two high-end handsets this month, after its cheaper offerings failed to catch on earlier in the decade. The move will take Huawei beyond its current role in Brazil as a supplier of cellular network equipment to challenge Samsung Electron...

18 Apr 2:48 PM 0 Read More...

Factbox: T. Rowe Price sheds most of its Tesla stake

(Reuters) - T. Rowe Price, once the second-largest investor in Tesla Inc after Chief Executive Officer Elon Musk, has shed most of its stake in the electric carmaker in a series of transactions over the last two quarters. Funds managed by T. Rowe Price Group Inc owned a 10.12 percent stake in Tesla as of September. It sold roughly half of that stake in the quarter ended December and 92 percent of its remaining stake ...

18 Apr 2:32 PM 0 Read More...

New Apple lab uses robots to rip apart devices for recycling materials

(Reuters) - Apple Inc is notorious for keeping what happens in its laboratories a closely guarded secret. But the iPhone maker plans to share openly everything that happens in its newest lab in Austin, Texas. Apple said Thursday that it will open a “Material Recovery” lab to investigate new techniques using robotics and machine learning to rip apart its devices and recover valuable materials such as copper, alum...

18 Apr 12:04 PM 0 Read More...

Tencent wins key approval to sell Nintendo's Switch in China

BEIJING/TOKYO (Reuters) - China’s Tencent has won a key approval to start selling the Nintendo Switch in the country, paving the way for the console to enter the world’s largest video games market two years after it was first released worldwide. Authorities in the southern Chinese province of Guangdong gave the green light on Thursday to Tencent Holdings to distribute the Nintendo Switch console with a test vers...

18 Apr 11:54 AM 0 Read More...

Google lets Android users choose browsers to ease EU antitrust concerns

BRUSSELS (Reuters) - Users of Android devices will be able to choose their browsers and search engines from five options starting on Thursday, a senior Google executive said, in a move aimed at addressing EU antitrust concerns and staving off fresh sanctions. Hit with a record 4.34 billion euro fine last year for using the market power of its mobile software to block rivals in areas such as internet browsing, Alphabe...

18 Apr 11:19 AM 0 Read More...

TSMC upbeat on chip outlook after Apple-Qualcomm settlement; first quarter disappoints

TAIPEI (Reuters) - Taiwan’s TSMC struck an upbeat note about the outlook for the depressed global chip market, betting that a rollout of faster 5G mobile network would buoy demand, even as it posted its steepest quarterly profit drop in more than seven years. TSMC, the world’s biggest contract chipmaker, said a recent settlement between its top clients Apple and Qualcomm to end their two-year legal dispute over s...

18 Apr 10:06 AM 0 Read More...