Silicon Valley

  • Steve Jobs Design Chief to Start Own Firm
    2019-06-28 00:58:11 UTC

    (Reuters) - Jony Ive, a close creative collaborator with Apple Inc co-founder Steve Jobs whose iPhone and other designs fueled Apple’s rise to become a $1 trillion company, will leave later this year to form an independent design company. Apple said Ive will continue work on its products at his new venture, but shares fell as much a...
  • Hunt for Shoppers: Luxury Brands Raising Stakes on Instagram
    2019-06-07 16:10:35 UTC

    PARIS (Reuters) - Big-spending luxury brands like Gucci, Louis Vuitton and Christian Dior are splashing out on everything from dance-fuelled fashion shows to teams of advisers as they target social media platforms in the hunt for young shoppers. Without the entry barriers of magazine advertising - where a one page glossy ad can cost...
  • Apple wants its login button above Google and Facebook
    2019-06-05 05:23:38 UTC

    (Reuters) - Apple Inc will ask developers to position a new “Sign on with Apple” button in iPhone and iPad apps above rival buttons from Alphabet Inc’s Google and Facebook Inc, according to design guidelines released this week. The move to give Apple prime placement is significant because users often select the default or top option...
  • Facebook Bans White Nationalism and Separatism on Its Platforms
    2019-03-27 18:01:14 UTC

    <p>(Reuters) - Facebook Inc on Wednesday announced a ban on praise, support and representation of white nationalism and separatism on its social media platforms, furthering its efforts to tackle hate speech.&nbsp;</p><p>These bans will be enforced next week, the social media giant said in a blog <a href="
  • Chinese Company to Sell Popular Dating App Grindr
    2019-03-27 17:54:06 UTC

    (Reuters) - Chinese gaming company Beijing Kunlun Tech Co Ltd is seeking to sell Grindr LLC, the popular gay dating app it has owned since 2016, after a U.S. government national security panel raised concerns about its ownership, according to people familiar with the matter. The Committee on Foreign Investment in the United States (...
  • Facebook says hackers accessed data from 29 million accounts
    2018-10-12 17:50:55 UTC

    NEW YORK (AP) — Facebook says hackers accessed data from 29 million accounts as part of the security breach disclosed two weeks ago. The exact number hadn’t been known before. Originally Facebook said 50 million accounts could have been affected, but Facebook didn’t know if they had been misused. The hackers accessed name, email ...
  • Dominated by men: Amazon scraps tool that showed bias against women
    2021-12-22 19:38:15 UTC

    SAN FRANCISCO (Reuters) - Inc’s (AMZN.O) machine-learning specialists uncovered a big problem: their new recruiting engine did not like women. The team had been building computer programs since 2014 to review job applicants’ resumes with the aim of mechanizing the search for top talent, five people familiar with the effort t...
  • China lodges tariff case at WTO against the U.S.
    2019-09-02 15:46:34 UTC

    HONG KONG/GENEVA (Reuters) - China has lodged a complaint against the United States at the World Trade Organization over U.S. import duties, the Chinese Commerce Ministry said on Monday. The United States began imposing 15% tariffs on a variety of Chinese goods on Sunday and China began imposing new duties on U.S. crude oil, the lat...
  • CEOs: Trump's Immigration Policy Hurts U.S. Economy
    2018-08-24 01:13:53 UTC

    (Reuters) - A group of chief executive officers at the largest U.S. companies expressed serious concern about the Trump administration’s immigration policy and said the rules increase uncertainty and undermine economic growth. In the letter signed by 59 CEOs including Tim Cook of Apple Inc (AAPL.O), JPMorgan Chase & Co’s (JPM.N) Jam...
  • Apple became the first $1 trillion listed US company
    2018-08-02 18:06:54 UTC

    SAN FRANCISCO (Reuters) - Apple became the first $1 trillion publicly listed U.S. company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications. The tech company’s stock jumped 2.8 perce...
  • Plunge in Facebook shares rattled Amazon options market
    2018-07-26 18:56:45 UTC

    SAN FRANCISCO/NEW YORK (Reuters) - A plunge in Facebook Inc shares rattled the Inc options market on Thursday, with the social network’s fellow FAANG company due to report quarterly results later in the day. Facebook on Wednesday warned about a margin hit as revenue growth slows and user privacy costs climb, and its 20 pe...
  • Tesla in 'Autopilot' mode crashes into parked police vehicle
    2018-05-29 21:53:47 UTC

    WASHINGTON (Reuters) - The driver of a Tesla Inc (TSLA.O) vehicle crashed into an unoccupied, parked police vehicle in Laguna Beach, California, on Tuesday and the driver told investigators the Tesla was in “Autopilot” mode at the time, a police spokesman said. The driver suffered minor injuries, Laguna Beach Sergeant Jim Cota said....
  • EU privacy law: Companies to be more attentive to user data
    2018-05-25 06:40:19 UTC

    BRUSSELS (Reuters) - New European privacy regulations that go into effect on Friday will force companies to be more attentive to how they handle customer data, while bringing consumers both new ways to control their data and tougher enforcement of existing privacy rights. The European Union General Data Protection Regulation (GDPR) ...
  • Facebook tracks people whether they have accounts or not
    2018-04-15 17:05:17 UTC

    SAN FRANCISCO (Reuters) - Concern about Facebook Inc’s (FB.O) respect for data privacy is widening to include the information it collects about non-users, after Chief Executive Mark Zuckerberg said the world’s largest social network tracks people whether they have accounts or not. Privacy concerns have swamped Facebook since it ackn...
  • Valuable Public Company: Amazon appears to beat Apple
    2018-03-08 20:45:23 UTC

    SAN FRANCISCO (Reuters) - Apple Inc, the world’s most valuable publicly listed company, is in danger of being beaten by Inc to the $1 trillion mark. Wall Street’s optimism about last year’s 10th anniversary iPhone had propelled Apple’s stock 24 percent higher over the past 12 months, giving it a market capitalization of $...
  • BlackBerry sues Facebook, WhatsApp, Instagram over messaging patents
    2018-03-06 21:16:34 UTC

    BlackBerry filed a patent infringement lawsuit against Facebook and its WhatsApp and Instagram apps, arguing that they copied technology and features from BlackBerry Messenger. Litigation over patent infringement is part of BlackBerry Chief Executive John Chen’s strategy for making money for the company, which has lost market share...
  • Twitter intends to notify users exposed to Russian propaganda
    2018-01-17 21:49:39 UTC

    WASHINGTON (Reuters) - Twitter may notify users whether they were exposed to content generated by a suspected Russian propaganda service, a company executive told U.S. lawmakers on Wednesday. The social media company is “working to identify and inform individually” its users who saw tweets during the 2016 U.S. presidential election ...
  • iPhone overuse could hurt children’s developing brains
    2018-01-09 04:39:42 UTC

    NEW YORK (Reuters) - Apple Inc investors are shrugging off concerns raised by two shareholders about kids getting hooked on iPhones, saying that for now a little addiction might not be a bad thing for profits. Hedge fund JANA Partners LLC and the California State Teachers’ Retirement System (CalSTRS) pension fund said on Saturday th...
  • Apple issues apology for purposely slowed down older iPhones
    2017-12-29 07:48:52 UTC

    The tech giant has offered a major price cut to replace out-of-warranty batteries that affect iPhone performance. Days before issuing an apology, it acknowledged it purposely slowed down older iPhones to prevent issues. In a posting on its website Thursday, Apple apologized over its handling of the battery issue and said it would ma...
  • Highly-skilled foreign workers favor Canada, not the U.S.
    2017-12-18 03:45:11 UTC

    Petra Axolotl knew her chances of getting an H-1B visa were slim. She had an MBA from Wharton and a job offer at Twitter, but luck would decide the Dutch data scientist's fate – and in 2016, it did not fall in her Favor. Axolotl missed out in the lottery for the coveted visa but remained determined to work in Silicon Valley, a place...
  • Germany vows to back an "open and free internet" despite end of net neutrality in US
    2017-12-15 21:32:27 UTC

    Berlin has vowed to back an "open and free internet" following a US decision to repeal net neutrality rules. After US telecoms regulator FCC on Thursday moved to repeal Obama-era net neutrality rules, the German Economics Ministry said Friday it would continue to support EU internet rules that forbid discriminatory access to the web...
  • US government rescinds rules aimed at ensuring a free and open internet
    2017-12-14 19:40:07 UTC

    WASHINGTON (Reuters) - The U.S. Federal Communications Commission voted along party lines on Thursday to repeal landmark 2015 rules aimed at ensuring a free and open internet, setting up a court fight over a move that could recast the digital landscape. The approval of FCC Chairman Ajit Pai’s proposal marked a victory for internet s...
  • The Next GOOGLE Could Come From Europe
    2017-11-30 06:38:48 UTC

    LONDON (Reuters) - Europe is making major strides to eliminate barriers that have held back the region from developing tech firms that can compete on the scale of global giants Alphabet Inc’s Google, Inc or Tencent Holdings Inc, a report published on Thursday shows. The region has thriving tech hubs in major cities, with ...
  • Uber paid hackers $100,000 to keep secret a massive breach
    2017-11-22 06:25:44 UTC

    (Reuters) - Uber Technologies Inc paid hackers $100,000 to keep secret a massive breach last year that exposed the personal information of about 57 million accounts of the ride-service provider, the company said on Tuesday. Discovery of the U.S. company’s cover-up of the incident resulted in the firing of two employees responsible f...
  • Silicon Valley Supports Tax Reform
    2017-09-30 14:10:52 UTC

    Silicon Valley is racing to support and shape President Donald Trump’s multitrillion-dollar tax proposal, despite months of distancing itself from his policies on everything from immigration to climate change. The Republican proposal to slash corporate tax rates and ease taxation of companies’ overseas earnings has vast implications...