Esports organization Fnatic raises $19 million for big expansion

Fnatic, the London-based global esports team owner, has raised $19 million in new funding and restructured its leadership as it plans a major expansion, the company said on Wednesday.

from Reuters: Technology News https://reut.rs/2V6Y5it

Amazon's nascent freight service has a truckload of rivals

As Amazon.com Inc targets traditional brokerages that match shippers with truckers, it's also battling a bevy of startups - including Uber Freight and a company funded by the e-commerce giant's founder Jeff Bezos.

from Reuters: Technology News https://reut.rs/2GLNqQv

SEC commissioner decries agency's deal with Tesla's Musk

A U.S. Securities and Exchange commissioner on Tuesday criticized a settlement between the regulator and Tesla Inc CEO Elon Musk over his use of Twitter.

from Reuters: Technology News https://reut.rs/2GSH3vU

In streaming wars, Apple says it can coexist with Netflix

Far from being a Netflix Inc killer, Apple Inc envisions its forthcoming Apple TV+ streaming service as one that could sit alongside other services that viewers buy, Apple Chief Executive Tim Cook said on Tuesday.

from Reuters: Technology News https://reut.rs/2ITJosS

Apple optimistic as accessories, iPhone price cuts help China sales

Apple Inc said sales in China were stabilizing and touted how increasing demand for services and accessories such as Apple Music and the Apple Watch helped offset a record drop in iPhone revenue.

from Reuters: Technology News https://reut.rs/2PGU66n

Judge approves Musk, SEC agreement over Twitter use by CEO

A federal judge on Tuesday approved a deal struck between Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission over Musk's use of Twitter, a court filing showed.

from Reuters: Technology News https://reut.rs/2DRoB55

FireEye revenue, billings forecasts disappoint, shares fall

Cyber security company FireEye Inc on Tuesday forecast second-quarter revenue and billings largely below Wall Street expectations as it expects to close fewer large deals than it did a year ago, sending its shares down 5 percent in after-hours trading.

from Reuters: Technology News https://reut.rs/2UQ19e7

Akamai beats, raises forecast on cybersecurity, content delivery demand

Akamai Technologies Inc beat analysts' estimates for first-quarter revenue and profit on Tuesday, and raised its forecast for the full-year, as it sees more demand for its cybersecurity services and traditional business of helping speed up content delivery on the web.

from Reuters: Technology News https://reut.rs/2Wf3C31

Facebook overhauls design as it pivots to private messaging

Facebook Inc debuted an overhaul of its core social network on Tuesday, taking its first concrete steps to refashion itself into a private messaging and e-commerce company as it tries to move past scandals while tapping new revenue sources.

from Reuters: Technology News https://reut.rs/2UQwr4c

Huawei partners with local retailers to sell flagship smartphones in Brazil

China's Huawei Technologies Co Ltd on Tuesday launched two high-end smartphone handsets in Brazil, making its second attempt to penetrate the world's fourth-largest smartphone market, broadening its footprint in Latin America.

from Reuters: Technology News https://reut.rs/2J7T5Tt

Apple optimistic as iPhone price cuts help in China, watches pull in new buyers

Apple Inc on Tuesday forecast stronger-than-expected third-quarter revenue and Chief Executive Tim Cook said iPhone sales had started to stabilize in China, a sign that Apple's price cuts there are helping limit sales declines.

from Reuters: Technology News https://reut.rs/2VEP4wB

Former Google executives Eric Schmidt, Diane Greene to leave board

Google parent company Alphabet Inc said on Tuesday former Chairman and Chief Executive Eric Schmidt and former Google Cloud CEO Diane Greene will step down from the search company's board in June.

from Reuters: Technology News https://reut.rs/2WarnJD

Japan's SoftBank invests $1 billion in delivery app Rappi

Japan's SoftBank will invest $1 billion in Colombian delivery app Rappi, marking the first move by its newly created Innovation Fund for Latin America, according to a statement on Tuesday, confirming earlier media reports.

from Reuters: Technology News https://reut.rs/2GNgdnK