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Donald Trump has praised tech giants’ “incredible innovation” during a summit at Trump Tower.

Hosting with three of his children – Donald Jr., Eric and Ivanka – the president-elect told the executives he would make trading across borders “a lot easier”.

Amazon’s Jeff Bezos, Facebook’s Sheryl Sandberg, Apple’s Tim Cook and Tesla’s Elon Musk attended the meeting.

Paypal founder Peter Thiel, a member of Donald Trump’s team, was also at the December 14 meeting.

Peterr Thiel, who has been a vocal Trump ally and spoke about his nomination at the Republican National Convention this summer, is expected to act as the bridge between the new administration and tech leaders.Donald Trump hails Brexit referendum result

Throughout his campaign to be elected president, Donald Trump put technology companies and their executives in the firing line, with calls for boycotts and accusations of tax-dodging.

Donald Trump told his guests he was “here to help you folks to do well”.

The president-elect said: “We want you to keep going with the incredible innovation. There’s nobody like you in the world.

“You’ll call my people, you’ll call me, it doesn’t make any difference. We have no formal chain of command around here.”

Donald Trump also told the group that technology companies benefited from a “bounce” after his election, adding “everybody in this room has to like me at least a little bit”.

He struck a positive tone with industry leaders despite bashing companies like Apple and Amazon throughout his campaign for sending jobs offshore and their stance on encryption.

Earlier this year, more than 140 tech leaders from Silicon Valley signed an open letter arguing against Donald Trump’s candidacy, warning the Republican “would be a disaster for innovation”.

Notably absent from this meeting was Twitter CEO Jack Dorsey.


eBay is planning to cut 2,400 jobs in Q1 2015, the e-commerce giant announced on January 21.

The company’s decision to cut about 7% of its workforce comes ahead of a plan to split from its online payment PayPal business this year.

eBay made the announcement in its fourth quarter earnings report, which had topped expectations on Wall Street.

It said in a statement it wanted to refocus the businesses and ensure it was “set-up to compete and win”.

The job cuts will range across its eBay Marketplaces, PayPal, and eBay Enterprise units.eBay job cut 2015

The tech giant also said it has made an agreement with activist investor, Carl Icahn, to give investors a greater say in its PayPal business once it is spun off in the second half of this year.

The billionaire investor had been trying to gather support for the proposed split before the company’s annual shareholder meeting in May last year.

eBay also announced that it was considering a sale or public offering of its enterprise unit.

Amid the business shake up, eBay forecast earnings between 68 cents and 71 cents a share in the first quarter, while revenue was expected to hit $4.35 billion to $4.45 billion. Both forecasts fell short of market expectations.

Its profit in Q4 2014 rose to $936 million on $4.9 billion in revenue.

eBay’s New York listed shares rose 2.6% in after-hours trade.


Black Friday and Cyber Monday are two of the biggest shopping days of the year, and companies go all out with marketing.

Most brands save their best online deals for the weekend after Thanksgiving, giving consumers a chance to buy coveted items at slashed prices just in time for the holidays.

Whether you are online shopper (and you love Cyber Monday) or love the thrill of digging through a bargain bin (and love Black Friday), we suggest preparing yourself for this momentous shopping extravaganza with these tips:

1.        Create a budget

Before you create your list, you need a carefully planned budget. This will further help you avoid those impulse purchases.

2.        Make a list and check it twice

Shopping a sale can be dangerous, as the idea of markdowns can have you purchasing items you don’t need. To avoid spending on frivolous items, make a list and don’t deviate from it.

3.        Check return policies

The downside to buying on final sale or clearance usually means no returns. Or, the time period for returns is short, so know before you go.

Black Friday and Cyber Monday are two of the biggest shopping days of the year, and companies go all out with marketing

Black Friday and Cyber Monday are two of the biggest shopping days of the year, and companies go all out with marketing

4.     Dress appropriately

There is no need to dress to impress on Black Friday. Everyone is there for one reason: to shop. Sneakers and leggings are appropriate attire for efficient shopping. Also, it makes time in the fitting room quick and easy.

5.     Bring cash for Black Friday

The line at the register can seem neverending on Black Friday. Don’t be the one that holds it up because of a faulty credit card.

6.     Check the lay of the land

It is best to know the territory. Time spent looking for the electronics section is time lost.

7.     Drive-by shopping

Finding a parking space can be nightmare. And by the time you find a spot, the store would be practically half empty. Arrange for a ride there and home.

8.     Shop with your home computer on Cyber Monday

If Cyber Monday is your day to splurge, make sure you do it in the comfort of your home with your own computer. For security reasons, you don’t want to be shopping on a public computer.

9.     Shop with a credit card or Paypalon Cyber Monday

Scams are common online, so make sure you avoid the heartache that comes with bank fraud—read: don’t use debit cards. Most credit cards come with anti-fraud protection. Paypal is another secure way to shop online.

 10.   Get Cyber Monday coupons in advance

Most websites have promo codes a few days before, offering even more of a discount on select items.


Online money-transfer firm PayPal has admitted it erroneously credited a man with $92 quadrillion.

Chris Reynolds, 56, of Pennsylvania, found the amount when he opened his monthly statement.

PayPal has admitted it erroneously credited Chris Reynolds with $92 quadrillion

PayPal has admitted it erroneously credited Chris Reynolds with $92 quadrillion

But the error was quickly recognized and his account had returned to zero by the time he had logged in.

“This was obviously an error and we appreciate that Mr. Reynolds understands this was the case,” PayPal said in a statement.

PayPal said it would offer to make a donation to a charity of Chris Reynolds’ choice.

The $92,233,720,368,547,800 statement had been “quite a big surprise”, Chris Reynolds told the Philadelphia Daily News, which first reported the story.

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