Today's Top Gadgets & Tech Story

Coinbase valued at $100 billion in Nasdaq debut

(Reuters) - Cryptocurrency exchange Coinbase Global Inc was valued at almost $100 billion in a Nasdaq debut on Wednesday that marked another milestone in the development of bitcoin and other digital assets. Read More

 

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U.S. hearing on China competition told research funding falling behind

WASHINGTON (Reuters) - U.S. investment in research and development has reached its lowest level decades while that in the rest of the world has soared, the head of a U.S. Senate committee warned at a hearing on proposed subsidies to the tech industry to help the United States better compete with China. More »

 

Analysis: As U.S. watchdog steps up scrutiny, Grab deal signals blank-check party peak

WASHINGTON/NEW YORK (Reuters) - While the blank-check deals market reached new heights this week with Grab Holdings' record $40 billion merger, some lawyers and regulatory experts said the exuberance was unlikely to last as the U.S. securities watchdog steps up scrutiny of such deals. More »

 

Elon Musk's SpaceX raises $1.16 billion in equity financing

(Reuters) -Billionaire Elon Musk's SpaceX has raised about $1.16 billion in equity financing over the last two months, the private rocket company said in an amended regulatory filing on Wednesday. More »

 

Angry Indian traders counter Amazon summit with own event

NEW DELHI (Reuters) - Thousands of Indian small businesses will organise an event this week in protest at the business practices of foreign e-tailers like Amazon.com Inc, taking a dig at the U.S. group's summit with their own event. More »

 

Uber expands higher-margin U.S. transit software business with three new agencies

(Reuters) - Uber Technologies Inc on Wednesday said it had signed deals with three new transit agencies to provide routing and matching technology for their public transportation fleets, the company's latest foray into the transit space. More »

 

Ford to offer hands-free driving in some car, truck models later this year

(Reuters) - Ford Motor Co said on Wednesday it will start putting its hands-free highway driving technology in some of its pickup truck and Mustang models later this year. More »

 

Coinbase boss Armstrong poised to reap fruits of listing

LONDON (Reuters) - As Coinbase Global Inc's multi-billion dollar stock market listing accelerates cryptocurrency's leap to the top table of finance, its founder and CEO Brian Armstrong is poised to reap the benefits of the company's nine-year journey. More »

 

Instagram launches test where users can choose to see likes

(Reuters) - Instagram is launching a small global test on Wednesday where users can choose whether to hide like counts on their own posts or other people's posts, a Facebook spokeswoman said. More »

 

Turkey fines Google for abusing dominant position

ISTANBUL (Reuters) -Turkey's Competition Board has fined Alphabet Inc's Google more than 296 million lira ($36.65 million) for abusing its dominant position in search engine services, the regulator said on Wednesday. More »

 

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