SAN FRANCISCO (Reuters) - Microsoft Corp (MSFT.O) regained its spot as the second most valuable U.S. company on Friday after a disappointing quarterly report from Amazon.com (AMZN.O) wiped $65 billion off the online retailer’s market capitalization.

(Reuters) - U.S. stocks plunged on Friday as grim earnings reports from Amazon and Alphabet rekindled a rush to dump technology and high-growth stocks, but data showing economic growth in the last quarter slowed less than expected provided some relief.

(Reuters) - Snap Inc (SNAP.N) shares plunged 14 percent on Friday after the Snapchat-owner posted its second straight quarter of user losses and forecast further declines, a boost for Facebook Inc’s (FB.O) Instagram ahead of its results next week.

NEW YORK (Reuters) - PayPal Holdings Inc (PYPL.O) on Thursday reported a third-quarter profit that beat analysts’ estimates as the company signed up more new customers and volume of payments processed rose.

LISBON (Reuters) - Europe’s largest tech event, the Web Summit, will remain in Lisbon for another 10 years, its founder Paddy Cosgrave said on Wednesday in a boost to Portugal’s aspirations

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