Technology

Reddit jumps on IPO bandwagon with confidential filing

Reddit Inc, whose message boards became the go-to destination for day traders during this year’s meme stock frenzy, said on Wednesday it had confidentially filed for an initial public offering with U.S. securities regulators.

Oil prices head for weekly loss on Omicron coronavirus uncertainty

Oil prices dipped on Friday, putting the market on track for a narrow weekly loss, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand, while a weaker dollar supported commodity markets broadly.

EXCLUSIVE Zoom has joined tech industry counterterrorism group

Video-conferencing platform Zoom has joined a counterterrorism organization formed by major U.S. tech companies including Meta Platforms Inc (FB.O), formerly known as Facebook, and Microsoft Corp (MSFT.O), the group said on Wednesday.

Telecom Italia issues third profit warning in a year

Telecom Italia (TIM) (TLIT.MI), facing a takeover approach from U.S. fund KKR (KKR.N), has cut the 2021 earnings forecast for its domestic business due to lower-than-expected fixed line revenue from its partnership with DAZN to screen Italian soccer.

SenseTime plans Hong Kong IPO relaunch Monday, sources say

Chinese artificial intelligence startup SenseTime Group (0020.HK) plans to keep its Hong Kong initial public offering (IPO) at $767 million as it considers re-launching the withdrawn deal as early as Monday, four people with direct knowledge of the matter said.

Reddit jumps on IPO bandwagon with confidential filing

Reddit Inc, whose message boards became the go-to destination for day traders during this year’s meme stock frenzy, said on Wednesday it had confidentially filed for an initial public offering with U.S. securities regulators.

Oil prices head for weekly loss on Omicron coronavirus uncertainty

Oil prices dipped on Friday, putting the market on track for a narrow weekly loss, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand, while a weaker dollar supported commodity markets broadly.

EXCLUSIVE Zoom has joined tech industry counterterrorism group

Video-conferencing platform Zoom has joined a counterterrorism organization formed by major U.S. tech companies including Meta Platforms Inc (FB.O), formerly known as Facebook, and Microsoft Corp (MSFT.O), the group said on Wednesday.

Telecom Italia issues third profit warning in a year

Telecom Italia (TIM) (TLIT.MI), facing a takeover approach from U.S. fund KKR (KKR.N), has cut the 2021 earnings forecast for its domestic business due to lower-than-expected fixed line revenue from its partnership with DAZN to screen Italian soccer.

SenseTime plans Hong Kong IPO relaunch Monday, sources say

Chinese artificial intelligence startup SenseTime Group (0020.HK) plans to keep its Hong Kong initial public offering (IPO) at $767 million as it considers re-launching the withdrawn deal as early as Monday, four people with direct knowledge of the matter said.

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