PayPal Holdings Inc. is continuing on its acquisition spree, buying San Francisco-based funds disbursement company Hyperwallet Systems Inc. today for about $400 million in cash. Founded in 2000, Hyperwallet offers a financial technology payments platform that allows companies to disburse payments such as wages, refunds and dividends to more than 200 countries in local currencies via ...

Amazon.com Inc. wants its smart-home technology used by accommodation business, introducing a new service today called Alexa for Hospitality that offers tailored Echo devices for hotels, vacation rentals and other hospitality locations. The service will allow guests in their rooms to ask Alexa for hotel information, order guest services, play music in their room and ...

Proving the adage that real life is stranger than fiction, Tesla Inc. Chief Executive Officer Elon Musk is claiming that a saboteur within the company has hacked its code, shared company secrets with outside parties and may be behind a small factory fire. The accusations from Musk (pictured) came via two emails sent to all ...

The initial public offerings keep on coming. Business intelligence startup Domo Inc. Monday set its IPO price ahead of its upcoming listing while cloud survey company SurveyMonkey Inc. announced that it had lodged its IPO paperwork, adding to the growing number of companies planning to go public later in the year. Domo, which is scheduled to list ...

Mobile payment company Square Inc. said today it has obtained a New York State Bitlicense as part of the company’s expansion into cryptocurrency, just as new details have emerged of the company designing its own point-of-sale devices that could be used to accept bitcoin payments. The license, which Square applied for in March, allows the company to ...

The U.S. Supreme Court has agreed to hear arguments from Apple Inc., which aims to block an antitrust case that alleges the iPhone maker operates an illegal monopoly with its App Store. The case, a class action lawsuit dating back to 2011, alleges that Apple runs an illegal monopoly by not allowing iPhone users to download mobile ...

Google LLC is promising to issue a fix within weeks for an authentication issue within its Google Home speakers and Chromecast devices that lets hackers easily obtain the home address of a user. Discovered by Craig Young, a researcher with security firm Tripwire Inc., the vulnerability exploits a loophole in Google’s systems to cross-check a ...

Block.One, the Hong Kong-based company that raised a record-breaking $4 billion in an initial coin offering, is in trouble, as its blockchain crashed shortly after launching. The EOS Mainnet blockchain, pitched as an “operating system” that allows scalable “decentralized autonomous communities” with the support of asynchronous smart contract communication, crashed on Saturday, or officially was “paused.” ...

Foxconn Technology Group has purchased a building in Milwaukee, Wisconsin, as its North American headquarters, as part of the company, Apple Inc.’s main product supplier, moves to establish manufacturing facilities in the U.S. In a move that could be described as making Apple American-made again, Foxconn is starting with the head office ahead of the ...

Australia has suddenly become ground zero in the global ride-hailing wars. Chinese giant Didi Chuxing Technology Co. will open for business June 25 in direct competition with Uber Technologies Inc. and India’s Ola, the first time the world’s biggest ride-hailing companies have competed head-to-head in the same market. Didi’s first stop in the Australian market ...