Netflix: Down after co misses fourth-quarter revenue estimates

** Netflix’s shares (NFLX.O) down 4.5 pct at $337.46 in extended trading – if losses hold on Friday, stock set for its biggest 1-day fall so far this year ** Co misses Q4 revenue estimates despite a slate of new original content ** NFLX was up marginally in afternoon trading ** Co added 8.84 mln paid global streaming subscribers in the Q4 and expects global paid streaming net subscriber additions of 8.90 mln in the current quarter ** Analysts had expected 9.18 mln net global streaming additions in Q4 and…

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Chinese envoy to Canada warns against any future Huawei 5G ban

OTTAWA (Reuters) – China’s envoy to Canada on Thursday warned Ottawa of possible repercussions if it banned technology firm Huawei from supplying equipment to Canadian 5G networks, in the latest blast in a deepening bilateral dispute. Ambassador Lu Shaye, speaking at a news conference, did not give details. Canada is currently studying the security implications of 5G networks but unlike some allies has not announced a ban on Huawei equipment.

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Ex-Symantec executive Canellos joins Ericom Software as CEO

NEW YORK (Reuters) – Ex-Symantec executive David Canellos has joined Ericom Software as chief executive officer, the security software provider said on Thursday, just a month after his departure from Symantec. The move follows multiple key executive exits at Symantec late last year, including president and chief operating officer Michael Fey, chief marketing officer Michael Williams and senior vice president of worldwide sales engineering and product marketing Bradon Rogers. Symantec has not commented on the reason for the departures. A Symantec spokesman declined to comment on Thursday. Canellos was senior…

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Payments company Square launches debit card for small businesses

NEW YORK (Reuters) – Payments company Square Inc is launching a free debit card for small businesses aimed at helping them better manage their cash flows, the company said on Thursday. The MasterCard debit card will allow companies to spend funds from sales they have processed via Square’s payments systems as soon as they have made the sale, the company said. This gives business owners quicker access to the proceeds of sales rather than having to wait for the funds to be transferred and reach their bank account, Square said.…

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Facebook blocks accounts linked to Russian state-owned Sputnik

(Reuters) – Facebook Inc (FB.O) said on Thursday it had removed hundreds of Russia-initiated accounts, which it judged to be involved in coordinated inauthentic behavior on its platforms, including some linked to state-owned news agency Sputnik. In a separate statement, Sputnik attacked the social network for a decision it said was political and amounted to censorship of seven Facebook pages belonging to its news hubs in neighboring countries. Facebook’s head of cybersecurity policy, Nathaniel Gleicher, said in a blog post bit.ly/2W1h9LR it had unearthed two separate operations which originated in…

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German government: No decision yet in debate on security of 5G networks

BERLIN (Reuters) – The German government has yet to reach a common stance on whether to follow other countries in excluding Chinese telecoms network equipment firm Huawei Technologies [HWT.UL] from its market on national security grounds, the Interior Ministry said. “The process of reaching a common view on concrete steps has not been completed,” the Interior Ministry said in a written answer to a question submitted by lawmaker Katharina Droege of the opposition Greens party seen by Reuters.

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Musk tweets Tesla to end customer referral plan because of costs

(Reuters) – Tesla Inc’s (TSLA.O) customer referral incentive plan will end on Feb. 1, the electric carmaker’s Chief Executive Officer Elon Musk tweeted on Thursday, citing costs. Musk tweet here that the referral program is ending because “it’s adding too much cost to the cars, especially Model 3”. The billionaire in the past few months has been pushing for cost-cutting initiatives to boost the company’s profitability. Introduced in 2015, personal referral codes gave new buyers six months of free supercharging and prizes for existing owners such as launching personal photos…

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Venture capital funding of cybersecurity firms hit record high in 2018: report

NEW YORK (Reuters) – Venture capital investments in cybersecurity firms hit a record high last year amid a surge in cyber crime over the last few years, according to a report released on Thursday by U.S.-based Strategic Cyber Ventures. Total venture capital funding in the space totaled $5.3 billion in 2018, up 20 percent from $4.4 billion seen in 2017. “We’re seeing mega-breaches happening on an extremely frequent basis,” Chris Ahern, data scientist and principal at Strategic Cyber Ventures, told Reuters on Wednesday. “I don’t think that’s going to stop…

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Israeli games developer Playtika buys Austrian card games maker

TEL AVIV (Reuters) – Israeli mobile games company Playtika said on Thursday it has acquired Austria-based card games firm Supertreat GmbH, just a month after it bought German puzzle developer Wooga GmbH as it seeks to expand further into casual games. Financial terms of the transaction were not disclosed. As part of the acquisition, Israel-based Playtika will add the Solitaire Grand Harvest app to its growing portfolio of casual games. Founded in 2010, the maker of casino-style games, such as Slotomania, for social networks has over 27 million monthly active…

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TSMC offers gloomy revenue forecast, slams chipmaker shares

TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) cut full-year investment and forecast its sharpest quarterly revenue fall in a decade, joining a string of tech companies warning of a slowdown in global smartphone demand. The downbeat forecast by TSMC, a proxy for global tech demand as its clients include Apple Inc, Qualcomm and Huawei Technologies [HWT.UL], bodes ill for its peers and suppliers such as Intel Corp, Nvidia and ASML which are set to report results in coming weeks. Shares of European chipmakers tumbled on Thursday after TSMC’s…

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