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Tech`s news

By Liana B. Baker and Jim Finkle SAN FRANCISCO/BOSTON (Reuters) - The apparent lack of interest in Twitter Inc by potential suitors may force the social media company to consider a route anathema to aspiring tech startups: a major restructuring and cutting some its nearly 4,000 employees. Earlier this month, Twitter hired bankers to explore selling itself. The aborted sales process - and the company's strategy as an independent company - will be back in the spotlight when Twitter reports earnings on Oct. 27. more...

The company's shares have doubled since August 2013 with Chief Executive Satya Nadella restoring investor confidence by focusing on mobile and cloud computing rather than PCs. Long known for its Windows software, Microsoft has shifted focus to the cloud where it is dueling with larger rival Inc to control the still fledgling market. Its jump in revenue underscores how businesses around the world are turning to new applications in the cloud and leaving once critical software programs and other hardware in the dust. more...

By Alexandria Sage SAN FRANCISCO (Reuters) - Tesla Motors Inc is planning to roll out a ride services program and will announce details next year, the luxury electric vehicle maker said on its website, a service first outlined by Chief Executive Elon Musk in his master plan in July. News of the Tesla Network was in a disclaimer about the self-driving functionality on new Model S vehicles. Musk said on Wednesday Tesla is building new vehicles with the necessary hardware to eventually enable full autonomy, although the software is not yet ready. more...

China's tech industry giants are sloughing hundreds of millions of dollars into what they're betting will be the country's next big internet craze - 'Uber for bikes'. A symbol of China's cities long before a boom in cars, snarling traffic and smog, the humble bicycle is making a comeback. Start-ups equipped with smartphone apps, GPS and scannable codes are selling cheap bike-sharing to city-dwellers as the way to beat jams on China's most clogged streets. more...

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