Financial Technology

Expedia’s chief financial officer is now its CEO as Dara Khosrowshahi leaves to run Uber
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 Following a big internal meeting at Uber where former Expedia CEO Dara Khosrowshahi announced his plans as the new CEO of Uber, Expedia said today it has named its CFO Mark Okerstrom as its CEO. Read More

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Cisco rewards massive profit jump with thousands of layoffs
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Switchzilla to terminate connection on 5,500 employees Cisco is reporting record financial numbers on the same day it says it will cut 5,500 employees from its payroll.…

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Gawker Writers Say It’s a ‘Dark Day’ for Editorial Freedom
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“The biggest thing is losing the financial independence that let us write whatever we want without any fear of corporate overlords.” The post Gawker Writers Say It’s a ‘Dark Day’ for Editorial Freedom appeared first on WIRED.

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Alibaba says its AWS-a-like division embiggened by 138%
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Biz has 2.3 million customers. Half a million of them actually pay, too Alibaba’s cloud computing division Alicloud reported bumper growth of 138 per cent to $468m (£322m) for its full financial year 2016, as more paying customers flocked to the Middle Kingdom’s AWS equivalent.…

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Beyond the Panama Papers: See Inside the World’s Tax Havens
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The financial world has dozens of hiding places. Here’s what they look like. The post Beyond the Panama Papers: See Inside the World’s Tax Havens appeared first on WIRED.

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Apple said to have secret virtual-reality team – CNET
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Apple has been building prototype headsets that could one day rival Facebook’s Oculus Rift or Microsoft’s Hololens, according to the Financial Times.

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31 nations sign data-sharing pact to tax multinationals
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‘Release the audit-hounds’ says OECD as it targets legal-but-black-hearted tax tricks 31 nations this week signed a data-sharing agreement that will see multinational companies’ financial reports shared widely, the better to understand their global financial contortions.…

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Half the staff go gardening at the now not-so-jolly Jolla
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Finland’s last phone company hits cash flow trouble Finnish phone company Jolla has confirmed it has put half of its 100-odd staff on gardening leave, after hitting financial problems.…

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Ex-Goldman Sachs programmer found guilty of code theft … again
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Sergey Aleynikov nailed for fleeing vampire squid with crucial trading tools An ex-Goldman Sachs programmer has for the second time been found guilty of stealing code from the vampiric financial giant.…

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