Technology

SAN FRANCISCO (Reuters) – Technology stocks including Facebook (FB.O), Microsoft (MSFT.O) and Alphabet (GOOGL.O) dropped sharply on Monday, increasing worries that the top-performing sector is falling out of favor as investors look elsewhere for cheaper opportunities. Facebook fell 4.6 percent, on track for its worst day in nearly a year and eliminating over $20 billion
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LONDON (Reuters) – London stripped Uber [UBER.UL] on Friday of its license to operate from the end of September in a huge blow to the taxi app that will affect more than 40,000 drivers in one of the world’s biggest cities. Regulator Transport for London (TfL) said Uber’s conduct posed risks to public safety and
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