Technology

SAN FRANCISCO (Reuters) – A flood of Snap Inc (SNAP.N) shares held back since the Snapchat owner’s initial public offering could start to trade freely next week, pressuring a stock that has already plunged far below its debut price. Starting on Monday and extending into August, early investors, employees and other insiders at the Snapchat
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NEW YORK (Reuters) – Callsign Inc, a startup that had developed technology to help users access websites more securely, has raised $35 million from investors including Accel, PTB Ventures and NightDragon Security, the firm of former McAfee chief executive David DeWalt. The company, whose core team is based in London, said on Thursday that it
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BRUSSELS (Reuters) – Germany is urging the European Union to add up to four more Russian nationals and companies to the bloc’s sanctions blacklist over Siemens (SIEGn.DE) gas turbines delivered to Moscow-annexed Crimea, two sources in Brussels said. The EU has barred its firms from doing business with Crimea since the 2014 annexation, imposed sanctions
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MADRID (Reuters) – Authorities in Madrid asked Spain’s anti-trust watchdog on Saturday to investigate whether Uber’s new low-cost airport transfer service constitutes unfair competition. The city council’s request follows the ride-hailing app’s return to the Spanish capital last year after the CNMC competition regulator called for the government to lift a ban on the U.S.
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SAN FRANCISCO (Reuters) – Lyft Inc has formed a self-driving car division, company executives said, a bold investment for the second-largest U.S. ride-services firm as it jockeys for position in the highly competitive autonomous vehicle race. The executives said on Thursday the company would soon open a facility in Palo Alto, California, that would eventually
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NEW YORK (Reuters) – Digital currency bitcoin on Friday averted a split into two currencies after its network supported an upgrade to its software that would enhance its ability to process an increasing number of transactions. Bitcoin’s miners have signaled their support for the so-called Bitcoin Improvement Proposal (BIP) 91, avoiding a split of bitcoin
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