Match boosts revenue forecast as Tinder lures more paying users

Dating app Tinder snagged thousands of paying users in the second quarter, helping its parent Match Group Inc beat Wall Street profit targets and raise its yearly revenue forecast on Tuesday.

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Tesla buyout would add to year of pain for short-sellers

It would be the ultimate black eye for short sellers.

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Elon Musk considers a private Tesla, shares jump

Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight financial constraints.

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Tesla call options soar on Musk tweet, short-sellers hit

Some nimble traders in Tesla Inc's options made massive paper profits on Tuesday, while short-sellers were hit with about $1.3 billion in paper losses after Tesla Chief Executive Elon Musk tweeted he was considering taking the company private at $420 a share.

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Uber doubles down on freight business

Uber Technologies Inc is creating a standalone business out of its long-haul trucking business, with plans to double its investment in the unit to drive growth ahead of a much-anticipated initial public offering next year.

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Snap beats on revenue, loses users for the first time

Snap Inc shares soared more than 12 percent after hours on Tuesday as the company reported better-than-expected quarterly revenue and adjusted earnings even as daily users fell for the first time in its reporting history.

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Tesla statement on potential deal to go private

The following blog post was published on Tuesday by Tesla Inc Chief Executive Elon Musk following his earlier comments on Twitter about taking the company private. The link to the full blog is: https://www.tesla.com/blog/taking-tesla-private?redirect=no

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Musk says no final decision on taking Tesla private

Tesla Inc Chief Executive Officer Elon Musk said on Tuesday in a letter to employees that he is considering taking the electric car maker private at a price of $420 per share.

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Intel plans array of upgrades to stave off AMD data center competition

Intel Corp plans to upgrade its existing chips and combine them with a new memory technology to help stave off competition from Advanced Micro Devices Inc (AMD) and others, its data center chief told Reuters on Monday.

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Tesla shares halted after Musk tweet about going private

Shares of Tesla Inc were halted for news pending on Tuesday after Chief Executive Elon Musk earlier tweeted he was considering taking the company private at $420 a share.

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U.S. think tank's tiny lab helps Facebook battle fake social media

A day before Facebook announced that it had discovered and disabled a propaganda campaign designed to sow dissension among U.S. voters, it exclusively shared some of the suspicious pages with an online forensics team so busy it hasn't put a nameplate on the door.

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Tesla starts hiring for new $2 billion Shanghai plant

Tesla Inc has started hiring for a new factory in Shanghai, according to job postings on its website, just a month after the U.S. electric vehicle (EV) maker signed agreements with local authorities for the $2 billion project.

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Ex-regulators join advisory board of cryptocurrency startup Omniex

Former U.S. Securities and Exchange Commission chairman Arthur Levitt and former Federal Deposit Insurance Corp chair Sheila Bair have joined the board of advisors of cryptocurrency trading platform Omniex, the company said on Tuesday.

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EU's top court backs copyright holder in landmark ruling

Users who publish content freely available on the internet should get consent from the person behind it, Europe's top court ruled on Tuesday in a boost to the bloc's creative industries.

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Saudi sovereign fund PIF has bought a below 5 percent stake in Tesla: source

Public Investment Fund, Saudi Arabia's sovereign wealth fund, has bought a minority stake in Tesla at just below 5 percent, a source familiar with the matter said on Tuesday.

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Saudi sovereign fund builds 3 to 5 percent stake in Tesla: FT

Saudi Arabia's sovereign wealth fund, overseen by Crown Prince Mohammed bin Salman, has built a significant stake in Tesla Inc, the Financial Times reported on Tuesday, citing people with direct knowledge of the matter.

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UniCredit has stopped using Facebook for advertising: CEO

Italy's UniCredit has stopped using Facebook for advertising and marketing campaigns and will not do so again until the U.S. giant improves its ethical standards, the bank's CEO said on Tuesday.

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German start-up trials solar car that can charge as you drive

A Munich-based start-up has taken advantage of the strong Bavarian sun this summer to test the final development of the charging system of its Sion car, an all-electric solar vehicle that lets you charge as you drive.

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Alibaba merging China food delivery units to counter Tencent-backed Meituan

Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China's booming on-demand services market, sources told Reuters.

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Baidu ready to beat Google if U.S. firm returns to China: CEO

Baidu Inc is prepared to win against Alphabet Inc's Google in China, its chief executive officer said on social media, amid rumblings the U.S. search engine giant was planning to re-enter a market it left eight years ago.

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Source: Reuters