Investors hitch a ride on Lyft's IPO at $72 a share

SAN FRANCISCO (AP) - Lyft had little trouble getting investors to hop on board its increasingly popular ride-hailing service, as its initial public offering fetched a $72 per-share price that exceeded even its own expectations. The next big test comes Friday morning when the San Francisco company's stock will begin trading on the Nasdaq exchange under the ticker symbol "LYFT."

Facebook charged with housing discrimination by HUD

The federal government charged Facebook with high-tech housing discrimination Thursday for allegedly misusing its vaunted ability to deliver ads with surgical precision to certain groups of people and not others.

EU passes controversial copyright law targeting web platforms

The European parliament approved a controversial set of rules governing copyright on the internet Tuesday that would force tech platforms to share revenue with rights holders, and make internet companies liable for copyrighted content uploaded to their site.  The parliament voted 348-274 to pass the bill with the intent to empower creatives and news publishers against tech giants that operate...

Uber acquires Mideast competitor Careem for $3.1 billion

Ride-hailing service Uber announced on Tuesday it has acquired Mideast competitor Careem for $3.1 billion, giving the San Francisco-based firm the commanding edge in a region with a large, young, tech-savvy population.

ASUS computers infected by auto-update virus

In a sophisticated targeted espionage operation, hackers infected tens of thousands of computers from the Taiwanese vendor ASUS with malicious software using the company's online automatic update service, security researchers reported Monday.

Levi's soars in return to public markets

Levi Strauss & Co.'s return to the public markets got an enthusiastic reception from investors who believe the iconic brand is ready for a comeback - and still has a lot more room to grow.

Facebook left millions of passwords readable by employees

SAN FRANCISCO (AP) - Facebook left millions of user passwords readable by its employees for years, the company said Thursday , an acknowledgement it offered after a security researcher posted about the issue online. By storing passwords in readable plain text, Facebook violated fundamental computer-security practices. Those call for organizations and websites to save passwords in a scrambled...

EU hits Google with $1.68 billion fine

European Union regulators have hit Google with a 1.49 billion euro ($1.68 billion) fine for abusing its dominant role in online advertising. 

Facebook says 'issue' not a hack

It’s unclear what caused Facebook to be down for hours on Wednesday. Users around the world reported issues with logging and posting on the site as well as Instagram and What’s App.