NEW YORK (
Research In Motion
shares fell 1.4% to $27.51 in pre-market trading on Monday as the BlackBerry maker said it will
, or 10% of its workforce. The company, whose core smartphone market share has been badly eroded by
Android devices, said it will notify affected employees this week.
Google said Friday it bought
Pittsburgh Pattern Recognition
, a company that develops facial recognition technology. The search giant didn't reveal its plans for the technology. It hasn't yet integrated similar technology into its products, though social network rival
faced privacy concerns earlier this year through its use of facial recognition software in its photo tagging feature.
Shares of Google dropped 0.5% in pre-market trading on Monday.
announced Monday a new partnership with dining start-up
, which offers discounts on high-end restaurants. Users of the restaurant reservation Web site will be able to purchase a discount for 30% off dinner for $10. The program debuts in San Francisco on Monday and will expand to other cities eventually.
Shares of OpenTable fell 1.9% to $73.60 in pre-market trading Monday.
, a San Francisco-based start-up that lets users rent apartments and houses for vacation, has raised more than $112 million at a $1 billion valuation, the company said on Monday. The company has raised almost $120 million in total funding.
Online music start-up
has 70,000 paying subscribers in the U.S. just a week after launching, according to
. Spotify, the popular European music service which lets users listen to millions of songs on their computers for free, also has a monthly subscription service which limits the number of ads and interruptions.
--Written by Olivia Oran in New York.
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