Today's Top Gadgets & Tech Story

Tesla stock sinks after Musk gives tearful NYT interview

(Reuters) - Tesla Inc's shares slumped 9 percent on Friday after Chief Executive Officer Elon Musk told the New York Times he was under major emotional stress and was preparing for "extreme torture" from short sellers. Read More

 

More Gadgets & Tech Stories

Exclusive: U.S. government seeks Facebook help to wiretap Messenger - sources

SAN FRANCISCO (Reuters) - The U.S. government is trying to force Facebook Inc to break the encryption in its popular Messenger app so law enforcement may listen to a suspect's voice conversations in a criminal probe, three people briefed on the case said, resurrecting the issue of whether companies can be compelled to alter their products to enable surveillance. More »

 

U.S. value stocks capitalize on 'FANG' stumbles, with room to run

NEW YORK (Reuters) - The summer roller-coaster in two of the four big-cap 'FANG' names - Facebook Inc, Amazon.com Inc, Netflix Inc and Google-parent Alphabet Inc - has led to a shift, albeit slight, into value stocks. More »

 

India's Infosys says CFO Ranganath has tendered resignation

MUMBAI (Reuters) - The Chief Financial Officer of Infosys Ltd has tendered his resignation just seven months after India's second-biggest software services exporter appointed a new Chief Executive Officer. More »

 

Brazil mall executives shrug off looming Amazon.com expansion

SAO PAULO (Reuters) - Fears of e-commerce taking off in Brazil have sunk shares of the country's big mall operators this year, but industry executives expressed confidence that local shopping habits, the reputation of malls as public spaces safe from crime and other factors will help them avoid the shakeout that has hit their U.S. peers. More »

 

Tencent-backed Qutoutiao files for U.S. IPO

(Reuters) - Chinese content aggregator Qutoutiao Inc, which is backed by technology giant Tencent Holdings Ltd, filed for an initial public offering of up to $300 million with the U.S. Securities and Exchange Commission on Friday. More »

 

Google employees demand more oversight of China search engine plan

SAN FRANCISCO (Reuters) - Google is not close to launching a search engine app in China, its chief executive said at a companywide meeting on Thursday, according to a transcript seen by Reuters, as employees of the Alphabet Inc unit called for more transparency and oversight of the project. More »

 

Uber to push further into East Africa with services like Chap Chap

NAIROBI (Reuters) - Uber [UBER.UL] the global ride-hailing company, is considering expanding into two other East African countries before the end of 2018, focusing on low cost services like Chap Chap in Kenya, the company said on Friday. More »

 

Investors query funding costs at a private Tesla

NEW YORK/BOSTON (Reuters) - Several Tesla Inc shareholders have told Reuters they are concerned that the electric car maker will have to pay more to fund its growth if it becomes a private company and loses the ability to sell new shares to stock market investors. More »

 

Uber opens Brazil center to improve driver, passenger safety

SAO PAULO (Reuters) - Ride-hailing company Uber Technologies Inc [UBER.UL] plans to open a 250 million reais ($64 million) center in Brazil to develop technology to improve safety for its riders and drivers, including for drivers to accept cash, a key payment method in its rapid expansion in Latin America, the company said on Friday. More »

 

News, Photo and Web Search