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 Good morning! Here's the tech news you need to know midweek. 1. Snapchat parent company Snap flopped with disastrous earnings that sent shares diving. Its users grew just 3% quarter-on-quarter, and its stock dropped 17% in after-hours trading. 2. China's investment holding giant Tencent is reportedly taking a 10% stake in Snap. The news came within hours of Snap's Q3 earnings. 3. Uber's new CEO says he's ditching a practice that turned employees into "a--holes." Dara Khosrowshahi has published a new list of corporate values for the company. 4. Google is launching a driverless Uber competitor in Arizona, USA. For the first time, there won't be a "safety driver" sitting behind the wheel in this pilot scheme. 5. Salesforce plans to hit $20 billion in revenues by 2022. That's more than double its revenue last fiscal year. 6. As much as $280 million in Ethereum is locked up after someone deleted some code in a popular cryptocurrency wallet. There was a vulnerability in the code for Parity's "multi-sig" digital wallets. 7. Twitter is turning on longer 280-character tweets for everyone. All users except those tweeting in Chinese, Japanese, and Korean languages will get the new feature. 8. Two twenty-something founders of cryptocurrency startup Centra resigned just weeks after raising $32 million in an ICO. The company had been promoted by DJ Khaled. 9. Snap wrote down nearly $40 million because Spectacles are a flop. The wearable cameras never really caught on, and under half of buyers were still using them after a month. 10. Tesla bought automation company Perbix to help it build the factory of the future. The Minnesota-based company has been a Tesla supplier for almost three years. |
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