Reuters Technology Report: February 5, 2016

Click to View in Browser Friday, February 5, 2016 LinkedIn shares dive more than 40 percent, $11 billion wiped out (Reuters) - LinkedIn Corp's shares plunged as much as 43 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. Twitter suspends over 125,000 accounts for 'promoting terrorist acts' WASHINGTON (Reuters) - Twitter Inc has shut down more than 125,000 terrorism-related accounts since the middle of 2015, the company said in a blog post on Friday, most of them linked to the Islamic State in Iraq and Syria. Showdown in Europe over privacy has U.S. firms ducking for cover FRANKFURT (Reuters) - The free flow of data across the Atlantic, the lifeblood of modern business dealings, faces an uncertain future, despite a belated, high-level deal between European and U.S. officials this week. Business services firms' shares bleed as LinkedIn, Tableau crash NEW YORK/SAN FRANCISCO (Reuters) - Dismal sales outlooks from marquee technology names sent shares in the enterprise sector crashing on Friday as investors questioned trends they had previously banked on to drive growth. Crowded GoPro short sellers may soon face squeeze SAN FRANCISCO (Reuters) - GoPro's fall from grace has created a rush by traders to short the camera maker's stock, but they may soon face a squeeze as institutional shareholders sell their shares after six months of declines. IRS resumes processing tax returns Thursday after system outage WASHINGTON (Reuters) - The U.S. Internal Revenue Service said on Thursday it had resumed processing individual and business tax returns at about 5 p.m. EST on Thursday after a system outage. IBM tries to bolster cloud growth with developer tools SAN FRANCISCO (Reuters) - IBM's efforts to bolster its cloud offerings could get a boost from new developer tools it is unveiling on Thursday. Foxconn CEO meeting with Sharp execs on Friday; Sharp shares soar TAIPEI/TOKYO (Reuters) - Foxconn Chief Executive Officer Terry Gou is in Osaka to meet executives of Japan's Sharp Corp, a Sharp spokesman said, one day after the struggling electronics maker said it was focusing on the Taiwan firm's takeover bid over a rival offer from a Japanese state-backed fund. EU clears Western Digital acquisition of SanDisk BRUSSELS (Reuters) - The European Commission said on Thursday it had cleared Western Digital's planned acquisition of SanDisk after concluding that the takeover would not harm competition in the data storage market in Europe. Hackers attack 20 million accounts on Alibaba's Taobao shopping site BEIJING (Reuters) - Hackers in China attempted to access over 20 million active accounts on Alibaba Group Holding Ltd's Taobao e-commerce website using Alibaba's own cloud computing service, according to a state media report posted on the Internet regulator's website. Related Video Smart band-aids on the horizon Russian cosmonauts begin spacewalk Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2016 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook