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By Liana B. Baker and Jim Finkle SAN FRANCISCO/BOSTON (Reuters) - The apparent lack of interest in Twitter Inc by potential suitors may force the social media company to consider a route anathema to aspiring tech startups: a major restructuring and cutting some its nearly 4,000 employees. Earlier this month, Twitter hired bankers to explore selling itself. The aborted sales process - and the company's strategy as an independent company - will be back in the spotlight when Twitter reports earnings on Oct. 27.
SHANGHAI (Reuters) - Wal-Mart Stores Inc will invest $50 million in Chinese online grocery and delivery firm New Dada, the U.S. retailer said on Friday, extending its tie-ups with local online players to help boost sales in the world's second-largest economy.
U.S. intelligence and law enforcement officials are warning that hackers with ties to Russia's intelligence services could try to undermine the credibility of the presidential election by posting documents online purporting to show evidence of voter fraud. The officials, who spoke on condition of anonymity, said however, that the U.S. election system is so large, diffuse and antiquated that hackers would not be able to change the outcome of the Nov. 8 election.
The apps, like Instagram, Hipstamatic, DailyBooth and PicPlz, have been small-time projects, but now a few are trying to become real businesses.
Google’s acquisition of passwords, e-mails and other personal data from unsuspecting people may have violated the Communications Act.
Samsung and LG Electronics have moved into the realm of leadership in the technology industry, but as smartphones take the world by storm, they have remained largely confined to the sidelines.
Despite the company’s strong performance, shares fell close to 10 percent in after-hours trading after the earnings release.
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