Dropbox targets deep-pocketed businesses to increase revenue

By Heather Somerville SAN FRANCISCO (Reuters) – A decade after its founding as a file-sharing business, Dropbox Inc is trying to become a new kind of company. On Monday, the highly valued digital storage firm unveiled two new products – file synch and content collaboration tools – as part of a years-long effort to build up its business offerings. Dropbox Chief Executive Officer Drew Houston said on Monday the company is projected to surpass $1 billion in annual revenue.

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Dropbox targets deep-pocketed businesses to increase revenue

Snap selects New York Stock Exchange for IPO: source

The selection comes as Snap prepares to make its earnings public this week ahead of the IPO that is expected in March. It represents a setback for Nasdaq Inc , which had also vied to host the listing. Snap, Intercontinental Exchange and Nasdaq declined to comment.

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Snap selects New York Stock Exchange for IPO: source

FBI request for Twitter account data may have overstepped legal guidelines

The FBI appeared to go beyond the scope of existing legal guidance in seeking certain kinds of internet records from Twitter as recently as last year, legal experts said, citing two warrantless surveillance orders the social media company published on Friday. Twitter said its disclosures were the first time the company had been allowed to publicly reveal the secretive orders, which were delivered with gag orders when they were issued in 2015 and 2016. Each of the two new orders, known as national security letters (NSLs), specifically request a type of data known as electronic communication transaction records, which can include some email header data and browsing history, among other information.

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FBI request for Twitter account data may have overstepped legal guidelines

Microsoft’s market value tops $500 billion again after 17 years

(Reuters) – Microsoft Corp's market capitalization topped $500 billion for the first time since 2000 on Friday, after the technology giant's stock rose following another quarter of results that beat Wall Street's expectations. Shares of the world's biggest software company rose as much as 2.1 percent to $65.64, an all-time high, in early trading, valuing the company at $510.37 billion. The last time Microsoft was valued more was in March 2000, during the heyday of the dotcom era, when it had a market value of a little above $550 billion, according to Thomson Reuters data.

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Microsoft’s market value tops $500 billion again after 17 years

Apple strategy in ‘smart home’ race threatened by Amazon

By Stephen Nellis SAN FRANCISCO – In less than a year, Amazon's combination of the Echo speaker system and the Alexa voice-controlled digital assistant has come close to delivering on the elusive promise of easy-to-use technology that can control gadgets in the home with a few spoken words. Amazon is pursuing an open-systems approach that allows quick development of many features, while Apple is taking a slower route, asserting more control over the technology in order to assure security and ease-of-use. The strategic importance of the “connected home” niche looms large: Amazon wants a way to own its customer interactions -mainly shopping online – without an Apple phone or a Google Web browser as an intermediary.

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Apple strategy in ‘smart home’ race threatened by Amazon

Alphabet posts strong revenue growth, higher taxes hit earnings

Google parent Alphabet Inc posted fourth-quarter profit below analysts' estimates on Thursday, hurt by a higher tax rate, but analysts cheered the company's progress in diversifying its business beyond advertising. While advertising still accounts for the lion's share of Google's revenue, rising 17.4 percent to $22.4 billion in the quarter, Alphabet Chief Financial Officer Ruth Porat underscored that the company is broadening its business – pointing to growth in hardware, app sales and the cloud business. The company's other revenue, which captures such businesses, climbed 62 percent to $3.4 billion.

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Alphabet posts strong revenue growth, higher taxes hit earnings

Qualcomm misses revenue estimates, defends licensing model

(Reuters) – Qualcomm Inc reported a lower-than-expected 3.9 percent rise in quarterly revenue on Wednesday, and defended its licensing model in the face of multiple legal challenges over its alleged “anticompetitive” tactics. The U.S. Federal Trade Commission and Apple Inc have sued Qualcomm accusing it of resorting to “anticompetitive” tactics to maintain a monopoly over chips used in smartphone. Apple also filed a lawsuit against Qualcomm in Beijing on Wednesday, alleging that the chip supplier abused its clout and is seeking 1 billion yuan ($145.32 million) in damages.

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Qualcomm misses revenue estimates, defends licensing model

Apple sues Qualcomm in Beijing seeking 1 billion yuan

By Diane Bartz WASHINGTON (Reuters) – Apple Inc filed a lawsuit against Qualcomm Inc in Beijing, alleging the chip supplier abused its clout in the chip industry and seeking 1 billion yuan ($145.32 million) in damages, Beijing's Intellectual Property Court said in a statement on Wednesday. Apple also filed a second lawsuit against Qualcomm which accused it of failing to live up to promises made to license “standard essential patents” broadly and inexpensively. Qualcomm is a major supplier to both Apple and Samsung Electronics Co Ltd for “modem” chips that connect phones to wireless networks.

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Apple sues Qualcomm in Beijing seeking 1 billion yuan

Alibaba’s revenue beats estimates on strong Single Day sales

(Reuters) – Chinese e-commerce company Alibaba Group Holding Ltd reported a better-than-expected 54 percent rise in third-quarter revenue, helped mainly by higher sales during its Single's Day shopping event. Alibaba's revenue was 53.25 billion yuan ($7.67 billion) for the three months ended Dec. 31, compared with analysts' average estimate of 50.10 billion yuan, according to Thomson Reuters I/B/E/S. Revenue from Alibaba's core e-commerce business increased 45 percent, more than the 41 percent jump in the previous quarter. …

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Alibaba’s revenue beats estimates on strong Single Day sales

Amazon offers to scrap e-book clauses to settle EU antitrust probe

U.S. online retailer Amazon has offered to alter its e-book contracts with publishers in a bid to end an EU antitrust probe and stave off a possible fine, the European Commission said on Tuesday. Amazon, the biggest e-book distributor in Europe, proposed to drop some clauses in its contracts so publishers will not be forced to give it terms as good as those for rivals, the Commission said. Such clauses relate to business models, release dates, catalogs of e-books, features of e-books, promotions, agency prices, agency commissions and wholesale prices.

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Amazon offers to scrap e-book clauses to settle EU antitrust probe