Reuters Technology Report: February 10, 2017

Click to View in Browser Friday, February 10, 2017 Bitcoin trading shrivels under Chinese government's glare SHANGHAI (Reuters) - Trading volumes at China's three largest bitcoin exchanges have plummeted after the central bank put the virtual currency market under sharper scrutiny a month ago in a move that coincided with official efforts to stem capital outflows. Twitter advertising revenue falls, shares drop more than 10 percent (Reuters) - Twitter Inc posted the slowest revenue growth since it went public four years ago, sending shares down more than 10 percent on Thursday on fears that rivals Snapchat and Facebook Inc were winning the war for advertising. Twitter numbers paint grim profitability picture (Reuters) - Twitter Inc's desultory earnings report on Thursday show a company with no evident path to profitability, as core costs climb more quickly than revenue while user growth stagnates. Remote control: Companies blur lines over who owns devices (Reuters) - When Samsung Electronics remotely disabled the last of its flawed Galaxy Note 7 smartphones last month, it further blurred the lines between who ultimately controls your phone, or computer, car or appliance: you, or the companies that make it work? Snap to spend $1 billion on Amazon cloud services (Reuters) - Snap Inc, owner of the popular Snapchat app, said it expected to spend $1 billion over the next five years to use Amazon.com Inc's cloud services, in addition to the $2 billion cloud contract it already has with Google . Macquarie, ING join Apple Pay in Australia in challenge to Big Four SYDNEY (Reuters) - Macquarie Group and ING Direct on Friday said they would start using Apple Inc's mobile payment service in Australia this month, hoping to snatch market share from the major retail banks through digital technology. Osram to hire 1,000 in Germany for smartphone infrared push FRANKFURT (Reuters) - Osram plans to hire up to 1,000 new staff at its plant in Regensburg, Germany as it anticipates a fast ramp-up in demand for its infrared components used for iris-scanning identification in smartphones, a spokesman for the German lighting group said. Apple CEO Cook 'optimistic' about UK's future after Brexit: BBC (Reuters) - Apple Inc Chief Executive Tim Cook told Prime Minister Theresa May the company was optimistic about Britain's future after it leaves the European Union, the BBC reported on Thursday. Nasdaq plans venture arm to invest in financial technology: sources NEW YORK (Reuters) - Exchange operator Nasdaq Inc plans to set up a venture capital arm to invest in financial technology companies that can help grow its own businesses, two people familiar with the plans told Reuters. Toshiba receives bids as high as $3.6 billion for chip business stake: source TOKYO (Reuters) - Toshiba Corp has received bids ranging from 200 billion yen to as much as 400 billion yen ($1.8-3.6 billion) for a 19.9 percent stake in its flash memory business, a person directly involved in the deal told Reuters on Thursday. Related Video Wood stadium planned for world's 'greenest' soccer club Tropical leaves could reduce cow emissions 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 2017 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