Uber sued over driver data breach, adding to legal woes
The logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street is seen in this photo illustration taken in Madrid on December 10, 2014.
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Snapchat COO Emily White resigns
(Reuters) – Snapchat Chief Operating Officer Emily White has left the company just days after the photo-messaging service secured $200 million in funding from Alibaba Group Holding Ltd at a reported valuation of $15 billion.
EU ministers to give more power to pan-European data protection body
BRUSSELS (Reuters) – European Union ministers agreed on Friday to give more powers to a pan-European body of regulators to enforce a new data protection law, upsetting businesses who hoped more power would be devolved to individual national regulators.
Canada IPO market trades commodities for tech as valuations climb
TORONTO (Reuters) – Technology companies look set to supplant energy and mining firms as the driver of Canadian initial public offerings this year as global optimism about tech startups boosts valuations and spurs early investors to cash out.
German retailer REWE steels for Amazon move into food
COLOGNE, Germany (Reuters) – Germany’s second-biggest supermarket group REWE is investing heavily in grocery ecommerce even though it does not expect to turn a profit soon, as it braces for Amazon to expand its food delivery service.
Alibaba ploughs $200 million into Snapchat in latest startup deal: source
The logo of Alibaba Group is seen inside the company’s headquarters in Hangzhou, Zhejiang province early November 11, 2014. Alibaba Group Holding Ltd said about $2 billion worth of goods were sold on the e-commerce giant’s websites within the first hour and 12 seconds of its annual shopping festival.