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Current feed - Reuters: Technology News

Broadcom full-year forecast gets a 5G boost
Broadcom Inc forecast full-year 2020 revenue above Wall Street estimates on Thursday, as the company expects to benefit from strong demand for its chips from rising 5G adoption and growth in its software business.

Facebook pledges $130 million to content oversight board, delays naming members
Facebook said on Thursday it committed an initial $130 million to fund an independent oversight board, but said it would not announce its members this year, as originally expected.

Lyft launches rental option on app
Lyft Inc on Thursday launched a rental option on its app that will allow certain riders in San Francisco Bay Area and Los Angeles to rent cars, the ride-hailing company said on a blog post.

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U.S. regulator weighs action against Facebook over how its apps interact -report
The U.S. Federal Trade Commission is considering seeking a preliminary injunction against Facebook Inc because of concerns that policies about how its apps interact violate antitrust law, The Wall Street Journal reported on Thursday, citing people familiar with the matter.

Amazon.com to open distribution center in Northeastern Brazil in 2020
Amazon.com Inc said on Thursday it will open a distribution center in the northeastern state of Pernambuco, its second in Brazil, strengthening its logistics infrastructure to speed up deliveries and ultimately expand its footprint.

Cadillac vehicles shifting to electric from gas by 2030: executive
The head of General Motors Co's Cadillac luxury brand said on Thursday that a majority, and possibly all, of the brand's models would be electric vehicles by 2030.

Thyssenkrupp in talks with Tesla about German factory: Handelsblatt
Thyssenkrupp is hoping to win contracts for a planned factory Tesla plans to build near Berlin, a board member of the German conglomerate told a business daily.

Shopin blockchain startup CEO pleads guilty to fraud: NY attorney general
The chief executive of Shopin has pleaded guilty to felony securities fraud in connection with an estimated $42.5 million initial coin offering by his blockchain startup, the office of New York Attorney General Letitia James announced on Thursday.

Apple's China iPhone shipments fall 35% in November: Credit Suisse
Apple Inc's iPhone shipments in China fell more than 35% in November, marking their second straight double-digit decline as sales of the cheaper iPhone 11 remained sluggish, brokerage Credit Suisse said on Thursday.

Apple supplier Japan Display to receive $830 million from asset manager Ichigo
Apple supplier Japan Display Inc said on Thursday it plans to receive up to 90 billion yen ($830 million) in financial support from Ichigo Asset Management, giving effective control to the Japanese asset manager.

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