BlackBerry shares soar by 12% as software sales hit record

BlackBerry’s transformation from loss-making smartphone maker to software firm continues as quarterly profits rise and the yearly outlook is ‘robust’

The transformation of BlackBerry from a bombed-out, loss-making smartphone maker to a new-look software firm appears to be working: the Canadian business has reported better-than-expected quarterly profits, boosting its shares by more than 12%.

The company, which was famous for its tiny keyboard phones and in 2010 had more than a third of the US smartphone market, was almost driven to extinction by the iPhone. By 2016 it had less than 1% of the US market. Thousands of workers were laid off as losses mounted and the business eventually gave up making phone handsets and decided to reinvent itself as a software and services specialist selling to large corporations.

Continue reading… …read more

Uber licence withdrawal disproportionate, says Theresa May

Prime minister accuses London mayor of ‘damaging lives’ of users, but acknowledges ride-hailing firm must address safety issues

Theresa May has said the decision not to renew Uber’s London licence is disproportionate, and accused the mayor, Sadiq Khan, of putting thousands of jobs at risk.

The ride-hailing company to appeal against the decision by Transport for London not to renew its licence to operate in the capital for reasons of public safety.

Continue reading… …read more

Twitter called to Capitol Hill to give details on Russian election interference

  • Closed-door meetings in Washington follow similar briefings with Facebook
  • Twitter under pressure to reveal what it knows about Russian activity

Officials from Twitter were on Capitol Hill on Thursday to tell congressional investigators about Russia’s use of the social media platform to attempt to influence the 2016 presidential election.

Related: Mark Zuckerberg: I regret ridiculing fears over Facebook’s effect on election

Continue reading… …read more