Uber sued by thousands of Australian taxi drivers in class action

An Australian law firm has filed a class action against Uber Technologies Inc on behalf of thousands of taxi and chartered drivers in Australia, accusing the world's largest ride-hailing company of operating illegally and causing them financial harm.

from Reuters: Technology News https://reut.rs/2vBwHdg

Cognizant cuts 2019 forecasts on lower financial, healthcare demand

Cognizant Technology Solutions Corp on Thursday nearly halved its 2019 revenue expectations after missing first-quarter results, as the IT services and outsourcing company faces sluggish demand in its financial and healthcare businesses.

from Reuters: Technology News https://reut.rs/2J8NYTa

Microsoft rolls out new cloud services for AI and blockchain

Microsoft Corp on Thursday announced new tools for software makers aimed at making technologies such as artificial intelligence and blockchain easier for businesses to use.

from Reuters: Technology News https://reut.rs/2ZUkJcW

Activision forecast miss clouds esports push, shares drop

Activision Blizzard Inc forecast second-quarter adjusted profit below estimates on Thursday, as the videogame maker puts more money into its franchises to battle competition from blockbuster games "Fortnite" and "Apex Legends".

from Reuters: Technology News https://reut.rs/2vAPHZm

Cognizant cuts full-year forecast on lower financial, healthcare demand

Cognizant Technology Solutions Corp cut its full-year revenue forecast and missed its first-quarter results on Thursday, due to lower demand in its financial services and healthcare business.

from Reuters: Technology News https://reut.rs/2UW4zvG

Facebook's potential settlement with FTC will likely include WhatsApp: WSJ

Facebook Inc's potential settlement with federal regulators over breaches of consumer data privacy is nearing completion, and will likely cover related services like its WhatsApp messenger, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

from Reuters: Technology News https://reut.rs/2VbNbrJ

Exclusive: U.S. seeks to challenge China's electric-vehicle supply chain dominance

A U.S. senator plans to introduce legislation on Thursday to streamline regulation and permitting requirements for the development of mines for lithium, graphite and other electric-vehicle supply chain minerals, part of a plan to offset China's dominance in the space.

from Reuters: Technology News https://reut.rs/2ISltK4

GoDaddy quarterly profit falls short of estimates as costs still weigh

Web hosting company GoDaddy Inc reported first-quarter profit below Wall Street expectations on Thursday, weighed down by persistent rising costs and slower customer growth, sending its shares 6 percent lower in after-hours trading.

from Reuters: Technology News https://reut.rs/2Jjw4xl

Videogame maker Activision's second-quarter forecast misses, shares fall

Activision Blizzard Inc forecast second-quarter profit below estimates on Thursday, as the videogame maker invests in its core franchises to counter intense competition from games such as "Fortnite" and "Apex Legends".

from Reuters: Technology News https://reut.rs/2UUQDlQ

Cognizant quarterly revenue falls short of estimates, cuts full-year forecast

Cognizant Technology Solutions Corp's first-quarter profit and revenue fell short of analyst estimates and the IT services and outsourcing company cut its full-year revenue forecast, hit by lower demand from banking and insurance customers.

from Reuters: Technology News https://reut.rs/2Y3dKMY

GoDaddy profit misses estimates as costs rise

Web hosting company GoDaddy Inc reported first-quarter profit well below Wall Street expectations on Thursday as costs rose and customer growth slowed down, sending its shares 4 percent lower in after-hours trading.

from Reuters: Technology News https://reut.rs/2ZQP4Jd

IT services firm Cognizant's revenue misses

Cognizant Technology Solutions Corp missed analysts' estimates for quarterly revenue, as sales in its biggest unit of financial services fell.

from Reuters: Technology News https://reut.rs/2UUQ3Vc

Videogame maker Activision's revenue tops estimates, forecast misses

Activision Blizzard Inc reported first-quarter revenue above estimates on Thursday, boosted by demand for its "Call of Duty: Black Ops 4" and "Sekiro: Shadows Die Twice" videogames, but its current-quarter profit and sales forecasts fell short of expectations.

from Reuters: Technology News https://reut.rs/2IW9zix