Posts

Fujifilm buys control of Xerox to form an $18B company, marking an end to the iconic American giant's independence (Bloomberg)

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Bytedance, operator of Chinese news app Toutiao, sues Baidu for unfair competition, claims Baidu deliberately places negative news about Toutiao in top results (Yimian Wu/China Money Network)

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South Korea says it has no plans to ban cryptocurrency exchanges, as it uncovers illegal cryptocurrency foreign exchange trading worth nearly $600M (Reuters)

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Samsung confirms it is manufacturing ASIC chips, which are used to mine cryptocurrencies; the ASIC industry is dominated by China's Bitmain and Canaan Creative (Jon Russell/TechCrunch)

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Nintendo beats expectations with Q3 revenue of $4.44B up 177% YoY, profit of $1.07B up 261% YoY, raises annual Switch sales forecast to 15M units from 14M (Arjun Kharpal/CNBC)

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Webpass, the wireless home broadband company Google Fiber acquired in 2016, is exiting the Boston market, one of eight cities it served (Chris Welch/The Verge)

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Sources: Line Corp., creator of Japan's biggest messaging app, is expanding into cryptocurrency trading, insurance, and other financial services (Pavel Alpeyev/Bloomberg)

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Amazon rolls out SMS messaging feature for Alexa devices that lets users send text messages via voice, currently only available to Android users in US (Sarah Perez/TechCrunch)

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iOS 11.3, now in beta, allows parents to approve family purchases using Face ID, re-adding a feature that was possible with Touch ID (Guilherme Rambo/9to5Mac)

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EA reports Q3 revenue of $1.16B, up 1% YoY; net loss of $186M, $176M of which was charges due to US tax reform; stock up 7%+ after hours (Peter Wells/Financial Times)

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