Snap shares hit by second CFO exit in a year
Shares of Snap Inc fell 9 percent in early trading on Wednesday after Tim Stone became the second finance chief to leave the Snapchat operator in a year since a much-criticized redesign.
TECHNOLOGY
Yelp's top investor says shares could surge to $55-$65
SQN Investors LP said on Wednesday Yelp Inc's shares could surge to between $55 and $65, up to 80 percent above its current price, if the customer review company appoints new board members and considers selling itself.
Exclusive: Facebook brings stricter ads rules to countries with big 2019 votes
Facebook Inc told Reuters on Tuesday that it would extend some of its political advertising rules and tools for curbing election interference to India, Nigeria, Ukraine and the European Union before significant votes in the next few months.
IAC sues Tinder co-founder over business documents, escalating court fight
Online dating company Match Group Inc and its owner IAC/InterActiveCorp has filed a lawsuit accusing Sean Rad, a former employee known for co-founding the popular dating service Tinder, of secretly copying company files and other proprietary information.
Exclusive: India's e-commerce curbs could hit online sales by $46 billion by 2022 - PwC draft analysis
India's new foreign investment restrictions for its e-commerce sector, which includes giants such as Amazon.com Inc and Walmart-owned Flipkart, could reduce online sales by $46 billion by 2022, according to a draft analysis from global consultants PwC seen by Reuters.
Pokemon Go creator Niantic raises $245 million at $4 billion valuation
Pokemon Go creator Niantic Inc said on Wednesday it had raised $245 million in a new round of financing bringing its valuation to nearly $4 billion.
Infor gets $1.5 billion more in funding ahead of planned IPO
Cloud technology company Infor Inc said on Wednesday it received an investment of $1.5 billion from shareholders Koch Equity Development LLC and private equity firm Golden Gate Capital.
Netflix raises prices for U.S. subscribers
Netflix Inc is raising monthly fees for its U.S. subscribers by between 13 percent and 18 percent, the video streaming pioneer's first price increase since 2017 as it spends heavily on original content and international expansion.
Snap CFO Tim Stone to resign, shares drop 8 percent
Chief Financial Officer Tim Stone will be leaving Snap Inc less than a year after taking the job, the company said on Tuesday, the latest in a string of executive departures from Snap over the past year.
Industry must rein in spend on electric, self-driving cars: Magna CEO
Global automobile and auto parts makers which want to capitalize on electric and autonomous vehicles need to cut back investments and forge more partnerships instead, the chief executive of global parts supplier Magna International said Tuesday.