Category: Technology News

Tencent-backed Kuaishou more than doubles in Hong Kong debut after $5.4 billion IPO

HONG KONG (Reuters) – Kuaishou Technology more than doubled in its Hong Kong stock market debut on Friday, becoming the fifth-largest listed company in the city, driven by massive demand from mom-and-pop investors for the Chinese online video service operator.

FILE PHOTO: Video-streaming app Kuaishou is pictured on a mobile phone in this illustration picture taken January 25, 2018. REUTERS/Florence Lo/Illustration

The debut spike is the second largest on record globally for firms with over $1 billion IPOs, data available on Refinitiv Eikon shows. Analysts say this is encouraging for others looking to raise funds in Hong Kong but that

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Traders on where it’s heading

Seventeen years ago, the social network formerly known as launched in a Harvard dorm.

Since then, its growth has been explosive. Facebook boasts 2.8 billion monthly active users, and at more than $750 billion in market cap, it is the sixth-largest company in the S&P 500. Since its mid-2012 IPO, the stock has surged nearly 600%.

But any governmental regulation could put a wrinkle in Facebook’s ability to keep on growing, New Street Advisors’ Delano Saporu told CNBC’s “Trading Nation” on Thursday.

“Facebook has done a good job as a social media platform because they have done M&A and

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Zoom Rooms tweaks aim to bolster a safe re-opening of offices

Zoom this week unveiled updates to its Zoom Rooms suite designed to support businesses that continue to give employees the option to work remotely once offices fully reopen.

The question of what the workplace will look like post-pandemic has been a major uncertainty since widespread lockdown orders were put in place last year as COVID-19 spread; the general consensus is that most companies will adopt a hybrid model, with some employees at home, others in the office. While that option is overwhelmingly favored by workers, it presents challenges for organizations looking to ensure a seamless collaboration between remote and

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The Cybersecurity 202: Coronavirus pandemic renews debate for hacker-proof IDs

Right now, the government and private sector rely on personal information – ranging from your Social Security Number to a self-chosen password – to make sure you’re you. But as the theft of pandemic unemployment and stimulus payments show, those identifiers are far from secure. Anyone whose data has been exposed in a data breach is at risk. 

Advocates such as Foster claim that a digital ID would help prevent this, in addition to solving other problems, such as reducing confusion over vaccine distribution. “All these sort of things would be made massively easier with a secure digital I.D. and

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Microsoft chiefs say big tech antitrust issues can be solved with laws, not lawsuits

Microsoft’s history with antitrust gives it an unusual perspective about tech policy these days.

James Martin/CNET

Microsoft built a monopoly on the back of its Windows software to power computers and the Internet Explorer web browser. A judge even pronounced that finding in 2001, after a three-year government investigation into the company. But after that, Microsoft effectively got a multimillion-dollar slap on the wrist, and continued being Microsoft.

Two decades later, the US government is ramping up an antitrust debate focused on Amazon, Apple, Facebook and Google. Though Microsoft isn’t a target this time around, the company says there are

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Why WhatsApp users are pushing family members to Signal

Encrypted messaging app Signal saw a spike in new downloads after Facebook-owned WhatsApp alerted users it was updating its privacy policy.

Avishek Das/Getty Images

When WhatsApp users started freaking out about privacy on the messaging app last month, Kevin Woblick knew it was time to encourage his family to move to another chat service: Signal.

The 30-year-old German software developer had broached the topic after Edward Snowden leaked classified documents detailing America’s mass surveillance program. But Woblick couldn’t convince his family to delete WhatsApp despite the Snowden news and the global uproar over digital privacy that followed. So this time,

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