Edition:
United States

Munsif Vengattil

Facebook gave data on user's friends to certain companies: documents

Dec 05 2018

Facebook Inc let some companies, including Netflix and Airbnb, access users' lists of friends after it cut off that data for most other apps around 2015, according to documents released on Wednesday by a British lawmaker investigating fake news and social media. | Video

UPDATE 1-Cloud software stocks climb after upbeat Salesforce results

Nov 28 2018

Nov 28 Shares of cloud software makers jumped on Wednesday after Salesforce.com Inc's upbeat quarterly earnings boosted Wall Street's expectations for the fast-growing sector, which was hammered during the recent sell-off in technology stocks.

'Crypto hangover' hammers Nvidia's outlook, shares drop 17 percent

Nov 16 2018

Chip designer Nvidia Corp on Thursday forecast disappointing sales for the holiday quarter, pinning the blame on unsold chips piling up with distributors and retailers after the evaporation of the cryptocurrency mining boom.

Dropbox tops revenue, profit estimates; shares rise

Nov 08 2018

Dropbox Inc on Thursday reported better-than-expected third quarter results and forecast current-quarter revenue above analysts' estimates, as the file sharing and storage firm benefits from an expanded customer base that pays more.

Samsung gives first glimpse of foldable phone

Nov 08 2018

SAN FRANCISCO Samsung Electronics Co Ltd unveiled its much-anticipated foldable phone in San Francisco on Wednesday, urging Android developers to start writing apps for it. | Video

Roku forecasts surprise loss for holiday quarter, shares fall

Nov 07 2018

Roku Inc forecast a surprise holiday-quarter loss and missed third-quarter revenue estimates for its high margin video streaming platform, sending its shares down nearly 13 percent in after-market trading on Wednesday.

Symantec second-quarter profit beats estimates, shares rise

Nov 01 2018

Cybersecurity firm Symantec Corp beat analysts' estimates for second-quarter profit and revenue on Thursday, easing investor concerns following three consecutive quarters of disappointing results and forecast cuts.

Facebook expects rising costs to combat scandals to moderate after 2019

Oct 30 2018

Facebook Inc on Tuesday relieved investors by forecasting that margins would stop shrinking after 2019 as costs from scandals ease up, sending shares up despite a second-straight quarter with record-low user growth. | Video

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