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Tesla Inks Deal To Build EV Factory In Shanghai, China: Report

Wall Street Journal sources say that Tesla has struck a deal with China to build a factory in Shanghai's free trade zone, which will increase the electric car maker's declining sales in the country.

Business Tech

Facebook Building 8 Head Regina Dugan Is Leaving The Company: Future Of Proposed Mind Reading Device Uncertain

The head of Facebook’s experimental lab, Regina Dugan, is leaving the company, offering little explanation as to why. So, what happens to projects being developed inside Building 8, especially the proposed mind-reading device?

Business Tech October 18, 2017

Netflix Might Spend $8 Billion Next Year Just For Programming And Original Content

Netflix is going to spend somewhere between $7 billion and $8 billion on programming next year, quite a step up from its previous budget. Netflix announced such plans during its recent Q3 earnings call.

Business Tech October 17, 2017

Essential Sued Over Allegedly Stealing Another Company’s Wireless Connector Tech

Keyssa is suing Android cofounder Andy Rubin’s company Essential for allegedly stealing trade secrets. The Essential Phone, the lawsuit claims, uses a wireless chip based on Keyssa’s original design.

Business Tech October 17, 2017

T-Mobile Unlimited Plan Dialed Down: 4G LTE Data While In Canada Or Mexico To Be Limited To 5 GB

The T-Mobile unlimited plan is changing for customers who regularly travel to Canada or Mexico. Instead of having access to unlimited 4G LTE data, subscribers will now have a data cap of 5 GB.

Business Tech October 13, 2017

Target Teams Up With Google’s Voice Shopping Service To Take On Amazon

Thanks to a partnership between Target and Google, customers may now order items from the retail store using their Google Home smart speaker. Voice shopping on Target will also expand to smartphones going forward, as Google confirmed.

Business Tech October 13, 2017

Elon Musk Offers To Rebuild Puerto Rico Power Grid With Solar: Will This Really Happen?

Elon Musk has offered to rebuild the Puerto Rico power grid using solar panels. There are many challenges to such an ambitious project, but it will be a massive triumph for alternative energy if it pushes through.

Business Tech October 7, 2017

Change Is Coming To Uber: Travis Kalanick Gets Reduced Power, SoftBank Deal Moves Forward

Uber is about to get a significant investment from SoftBank, but it had to approve drastic changes to make that happen. For starters, one share now only equals one vote, meaning Travis Kalanick will have less power over the board.

Business Tech October 4, 2017

Travis Kalanick Surprises Uber Board Members By Appointing Two New Directors: A Calculated Power Move?

In what’s seen as a move to reassert his control of the company, Travis Kalanick has appointed two new Uber board directors. This has caused further rift among Uber’s already-rocky board.

Business Tech September 30, 2017

It's Over For Uber In London: City Declares Ride-Hailing Service Not Fit And Proper

Uber can add London to the cities it’s no longer welcome in. Transport for London has declined to renew Uber’s license to operate in the city, leaving the ride-hailing company with 21 days to appeal.

Business Tech September 22, 2017

Hewlett-Packard Enterprise To Cut 5,000 Jobs, Or 10 Percent Of Its Global Workforce: Report

Hewlett-Packard Enterprise is preparing for a massive round of layoffs. Sources say the company is going to cut as much as 5,000 jobs worldwide, reportedly as a cost-cutting measure.

Business Tech September 22, 2017

It’s Official: Google Is Buying Part Of HTC’s Smartphone Team For $1.1 Billion, But HTC Will Remain

After rumors of Google’s alleged plan to acquire HTC, the company has now officially announced that it’s buying off a part of HTC’s smartphone team for $1.1 billion. The deal should help Google make better Pixel phones.

Business Tech September 21, 2017

Waymo Wants Uber To Pay $2.6 Billion For Allegedly Stealing One Trade Secret

Alphabet’s Waymo is asking Uber to pay $2.6 billion in damages for a trade secret it claims one former Uber executive stole. The trial date for the high-stakes legal battle is set on Oct. 10.

Business Tech September 21, 2017

Waymo vs Uber: Alphabet Pushes To Postpone Legal Battle Over Self-Driving Car Secrets

After acquiring the 'due diligence' report from Uber, Alphabet is now asking to postpone the trial scheduled in October, saying it needs 'additional time to pursue this mountain of new evidence.'

Business Tech September 18, 2017

Google Parent Alphabet Adds To Uber's Problems With Rumored $1 Billion Investment In Lyft

Google parent Alphabet is reportedly considering to make a $1 billion investment into ride-hailing startup Lyft. This would make it an even bigger thorn on the side of Uber, which is in a legal battle with Alphabet's self-driving unit Waymo.

Business Tech September 15, 2017

Uber In Trouble Again: FBI Investigating 'Hell' Software That Was Used To Spy On Lyft Drivers

The FBI has launched an investigation into whether the Hell program of Uber, which it used to spy on Lyft drivers, illegally interfered with its rival's business. New Uber CEO Dara Khosrowshahi has rough times ahead.

Business Tech September 9, 2017

Google Might Acquire HTC To Make More Pixel Phones In The Future: Report

Google might be in the final stages of acquiring smartphone maker HTC, reports said. The move allegedly aims to unify and integrate many aspects involved in developing future Pixel phones.

Business Tech September 8, 2017

Amazon HQ2 Will Be As Big As The One In Seattle: Here’s Why US Cities Will Fight For It

Amazon has announced that it’s on the prowl for a city to build a second headquarters in. Amazon HQ2 has quite the list of requirements, though the potential economic benefits make up for it.

Business Tech September 8, 2017

The $400 Juicero Machine Tried Hard To Be Keurig And It Failed

Juicero, the company behind the $400 juicer, is no more. The venture-backed startup, which has faced immense mockery for its product, announced that it's shutting down after 16 months.

Business Tech September 2, 2017

Roku Files For IPO, But The Streaming Device Company Isn’t Profitable Yet

Roku has decided to go public. Despite not being profitable yet, it is the most successful streaming hardware company in the market - rivaling Google, Amazon, and Apple.

Business Tech September 2, 2017

Dara Khosrowshahi To Take Uber Public In 18 To 36 Months, But It Must ‘Pay The Bills’ Before Taking ‘Big Shots’

Dara Khosrowshahi held an all-hands meeting at Uber where he discussed his plans for Uber’s future. The ride-hailing company’s business and culture are his top two priorities.

Business Tech August 31, 2017

Uber Picks Up Its New CEO, But Also A New Scandal: US Department Of Justice Now Investigating Alleged Bribery Practices

Uber has finally decided on Dara Khosrowshahi as its new leader. Should he accept the job, his first new scandal is the company’s alleged bribery practices in other countries.

Business Tech August 30, 2017

On Its First Day Owning Whole Foods, Amazon Slashes Prices Dramatically, Sells Discounted Amazon Echo Devices In-Store

Amazon’s Whole Foods acquisition has taken effect. Not only has Whole Foods slashed down prices of some products, but it has also begun selling Amazon Echo devices inside physical store locations.

Business Tech August 29, 2017

The New CEO Of Uber Is Expedia Chief Dara Khosrowshahi, And He Has A Tough Job Ahead Amid Company Scandals

Uber’s two-month search for a new CEO has come to an end. The company has picked Expedia Chief Dara Khosrowshahi to replace Travis Kalanick, but actually, it’s not a fabulous job.

Business Tech August 28, 2017

As HTC Considers Selling Its Vive Virtual Reality Business, Palmer Luckey Ponders If He Should Acquire It

Oculus Rift creator and cofounder Palmer Luckey asked Redditors if he should buy the HTC Vive. No, not the headset, but the company’s actual virtual reality arm.

Business Tech August 27, 2017

Samsung Heir Apparent Jay Y. Lee Sentenced To 5 Years In Prison For Bribery: Is This The End For Samsung?

Samsung heir apparent and de facto leader Jay Y. Lee has been sentenced to five years in prison. What does this mean for South Korea, and does this mean the end of Samsung?

Business Tech August 26, 2017

HTC Still Struggling, So It's Thinking To Sell Or Spin Off Its Vive Virtual Reality Division

HTC, which continues to struggle in the cutthroat smartphone industry, is reportedly planning to sell or spin off its Vive virtual reality business. There is also the possibility that HTC will sell the entire company.

Business Tech August 25, 2017

FTC Approves Amazon’s $13.7 Billion Whole Foods Acquisition: Critics Worry Over Antitrust Issues

The Federal Trade Commission has given Amazon the green light to proceed with its acquisition of Whole Foods, a landmark decision that will put Amazon in the brick-and-mortar map. Critics, however, are disappointed.

Business Tech August 24, 2017

Uber Did Better In The Second Quarter Despite All The Drama, But Still Needs To Get Its Act Together Soon

Uber did better in the second quarter compared to the first quarter, as the ride-hailing service booked higher revenues. The company improved its performance despite all the drama and turmoil, but it still needs to solve these problems quickly.

Business Tech August 24, 2017

Lawsuit Claims Nestle's Poland Spring Bottled Water Is Common Groundwater

A legal complaint filed in Federal court alleges that Nestlé is committing fraud. Plaintiffs argue that Poland Spring bottled water does not meet FDA regulations.

Business Tech August 20, 2017

Atari Sues Nestlé For Blatantly Copying Its ‘Breakout’ Game In Kitkat Ad

Atari filed a lawsuit against Nestlé for its ‘Breakout’ clone in a 2016 KitKat commercial aired in the UK. Nestlé said it will defend itself.

Business Tech August 19, 2017

Waymo vs. Uber: Anthony Levandowski Reveals Why He Stole The Files, But The Judge Doesn’t Buy It

Waymo’s case against Uber has now taken to a turn favor of the Google-owned company. The judge has ruled that Uber can’t present what Anthony Levandowski claims is the reason why he downloaded Google’s files for self-driving technology.

Business Tech August 19, 2017

Netflix Plans To Spend Even More Money On Content Next Year, Including Both Original And Licensed Programming

Netflix has announced that it will spend $7 billion on content next year, acquiring new programs and creating original ones as well. The company also scoffed at critics who say it overspends.

Business Tech August 18, 2017

Uber On Tight Leash, Required To Go Through Data Privacy Audits For The Next 20 Years

Uber has been placed on a tight leash by the FTC, as the ride-hailing service agreed to a settlement over various charges. One of the requirements is for Uber to go through data privacy audits for the next 20 years.

Business Tech August 16, 2017

MoviePass Will Let You Watch A Movie Every Day For $10 Per Month Like Netflix But In Exchange For Your Privacy: Good Deal?

MoviePass, a Netflix-style subscription service for new movies, will charge only $10 per month to allow members to watch one movie every day in theaters. In exchange, subscribers will allow data collected from them to be sold to the highest bidder.

Business Tech August 15, 2017

Apple And Aetna Teaming Up? Partnership With Insurance Company Will Bring The Apple Watch To Millions Of Members

Executives of Apple and Aetna were in a series of invitation-only meetings last week. The companies are reportedly discussing a partnership that would offer discounted, and possibly even free, Apple Watches to Aetna customers.

Business Tech August 15, 2017

Amid Fraud Lawsuit Against Travis Kalanick, Some Uber Investors Retaliate By Asking Benchmark To Vacate Its Board Seat

A group of Uber shareholders has now called to relieve Benchmark of its board seat and appointment rights after it sued former CEO Travis Kalanick for fraud. This is the latest in Uber’s much-covered internal turmoil.

Business Tech August 12, 2017

German Startup To Set Up Cellphone Tower On The Moon

A startup based in Berlin is planning to build the first telecommunications structure on the surface of the moon. The startup and its partners aim to explore the landing site of the Apollo 17 mission.

Business Tech August 11, 2017

Things At Uber Just Got Worse: Benchmark Is Now Suing Former CEO Travis Kalanick For Fraud

Benchmark has filed a lawsuit against Uber’s former CEO, Travis Kalanick, for several instances of fraudulent behavior. It alleges that Kalanick is doing everything just to gain back his position.

Business Tech August 11, 2017

Google Fires Employee Behind Controversial Anti-Diversity Memo, But This Is Not Yet Over

Google has fired James Damore, the senior software engineer behind the controversial anti-diversity memo that rocked the company over the weekend. However, despite his dismissal, the discussion on the topics raised in the document will not yet end.

Business Tech August 8, 2017

Netflix Buys Comic Book Publisher Millarworld In A Big Push For Superhero Content

Netflix has officially bought Millarworld, signaling several possible adaptations from characters in Mark Millar’s comic book universe. Millar failed to contain his excitement, saying the whole thing is going to be brilliant.

Business Tech August 8, 2017

Travis Kalanick Won’t Return As CEO, Says Uber Board Member: Search For ‘World-Class CEO’ Still Underway

One of Uber’s board members has confirmed that Travis Kalanick will not be returning as the company’s CEO. Previous reports suggested Kalanick was planning to return Steve Jobs-style.

Business Tech August 8, 2017

Lawsuit Claiming Apple Intentionally ‘Broke’ FaceTime On Older iPhones Can Proceed, Judge Says

A U.S. District Court Judge has ruled that Apple can’t dismiss a lawsuit claiming it intentionally disabled FaceTime on iOS 6. The plaintiffs claim Apple violated California's Unfair Competition Law.

Business Tech August 1, 2017

With Meg Whitman Out, Uber’s Candidate List For Next CEO Is Just A Roomful Of Males

Meg Whitman just bowed out of possibly helming Uber in place of ousted Travis Kalanick. The company’s board now struggles to decide on its next CEO, and it now has to pick from a bunch of men.

Business Tech August 1, 2017

Charter Claims ‘No Interest’ In Sprint Acquisition After SoftBank Lays Out Proposal

Charter has rejected SoftBank’s proposal to merge it with Sprint and make a new company that offers wireless services. SoftBank won’t give up yet; however, it plans on making a direct offer shortly.

Business Tech July 31, 2017

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