francisco Archives - Page 3 of 3

California man sues Uber claiming it stole ride-sharing idea

May 15, 2015 publisher california, chief-executive, claims, early-investors, francisco, francisco-based, funding-round, kalanick, kevin-halpern, officer-travis, technologies, trade-secrets, usa, vehicle-near

A California man has sued Uber Technologies Inc and its Chief Executive Officer Travis Kalanick, claiming they stole his idea for a cellphone-based car hailing service. Kevin Halpern sued Uber, Kalanick and several early investors in the company in San Francisco Superior Court on Thursday, accusing them of misappropriation of trade secrets and breach of contract

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Twitter cuts revenue forecast, shares slump

April 28, 2015 publisher down-as-much, forecast-2015, francisco, hotly-contested, internet, obtain-medical, online-finance, other-services, rate-on-twitter, street, twitter

Twitter Inc reported quarterly revenue that fell short of Wall Street estimates and cut its full-year forecast because of weak demand for its new direct response advertising, sending shares down as much as 24 percent on Tuesday. Twitter forecast 2015 revenue of $2.17 billion to $2.27 billion, down from its earlier forecast of $2.3 billion to $2.35 billion

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Zynga must face U.S. lawsuit alleging fraud tied to IPO

March 26, 2015 creative facebook, francisco, lawsuit, over-the-next, price, receivers-used, research-arm, several-billion, told-the-house, video-streaming, zynga

Zynga Inc must face a lawsuit that accuses the gaming company known for its “FarmVille” game of defrauding shareholders about its prospects before and after its December 2011 initial public offering.

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EU antitrust regulators to investigate ecommerce

March 26, 2015 publisher country-because, denmark, different-laws, digital, european, francisco, german, launch-the-year, lawsuit, over-the-next, parliament, price, receivers-used, several-billion, told-the-house

By Foo Yun Chee and Rene Wagner BERLIN (Reuters) – European Union regulators plan to investigate ecommerce to help remove barriers to cross-border trade in the 28-nation bloc, the EU's antitrust chief said, a move that may lead to action against companies which deliberately block online sales. European Competition Commissioner Margrethe Vestager said she decided to launch the year-long inquiry because such hurdles were hampering the growth of online sales. According to the European Commission, while one in two EU consumers shopped online last year, just 15 percent bought a product online in another EU country because of restrictions such as language, different laws and anti-competitive behavior, “It is high time to remove remaining barriers to ecommerce, which is a vital part of a true Digital Single Market in Europe,” Vestager told reporters at a conference organized by the German competition authority on Thursday

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Commuter infected with measles is San Francisco LinkedIn employee

February 12, 2015 publisher civil-liberties, country, disease, employee-based, francisco, internet, linked, measles-while, michael-daniel, northern, rapid-transit

By Dan Whitcomb LOS ANGELES (Reuters) – The Northern California commuter who health officials say may have exposed tens of thousands of people to measles while riding San Francisco’s Bay Area Rapid Transit system while infectious is an employee of LinkedIn Corp, the social networking company said on Thursday.