Reuters Technology Report: Lyft expects to raise as much as $2 billion in IPO

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Monday, March 18, 2019

Lyft expects to raise as much as $2 billion in IPO

Ride-hailing platform Lyft Inc said on Monday it would raise as much as $2 billion in its much-awaited initial public offering.

China online lender Dianrong blames government for its woes: memo

Dianrong, one of China's biggest peer-to-peer (P2P) lenders which is laying off staff and shutting stores, blamed the government for its troubles saying the absence of clear-cut policies was proving to be a heavy burden.

China's top diplomat rejects West's 'immoral' Huawei concerns

China opposes politically motivated attempts to discredit its telecoms equipment makers on security grounds, the Chinese government's top diplomat, State Councillor Wang Yi, said on Monday.

Singtel signs deal to expand mobile wallet alliance to Japan

Singapore Telecommunications Ltd said on Monday it has signed a partnership to enable the use of its cross-border mobile wallet platform in Japan, as the telecom operator moves ahead with its digital payments expansion.

UK's Corbyn says social media platforms must act after New Zealand attack

Social media platforms must be able to react more quickly and stop the broadcast of live events, the leader of Britain's opposition Labour Party said on Sunday, after a gunman in New Zealand broadcast a shooting rampage last week.

Facebook says it removed 1.5 million videos of the New Zealand mosque attack

Facebook Inc said it removed 1.5 million videos globally of the New Zealand mosque attack in the first 24 hours after the attack.

Amazon's second headquarters clears blocks in Virginia funding vote

Amazon.com Inc's planned second headquarters in northern Virginia cleared a key test on Saturday when local officials approved a proposed financial package worth an estimated $51 million amid a small but vocal opposition.

Amazon's second headquarters faces new blocks in Virginia funding vote

Amazon.com Inc's plan to set up a second headquarters in northern Virginia, after being rebuffed in New York, will face its first test when local officials vote on Saturday on a proposed financial package worth an estimated $51 million.

Apple Watch detects irregular heart beat in large U.S. study

The Apple Watch was able to detect irregular heart pulse rates that could signal the need for further monitoring for a serious heart rhythm problem, according to data from a large study funded by Apple Inc , demonstrating a potential future role for wearable consumer technology in healthcare.

Investor group calls on Lyft to scrap dual-class share structure plan: FT

A group of investors has called on Lyft Inc's board to scrap a proposed dual-class share structure, as the ride hailing company pitches its initial public offering to investors next week, the Financial Times reported on Saturday.

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