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Kodak Is Creating Its Own Cryptocurrency Called Kodakcoin

Kodak announced plans to launch its own cryptocurrency called Kodakcoin. It also confirmed the launch of a new image platform for photographers and agencies to license images.

Business Tech January 11, 2018

Jeff Bezos Now Richer Than Bill Gates As Net Worth Jumps Over $105B

The net worth of Amazon founder Jeff Bezos has continued to climb. Bezos's latest net worth surpassed the $105 billion mark, higher than Bill Gates's net worth ever was.

Business Tech January 11, 2018

Another Factory Worker Commits Suicide At iPhone Maker Foxconn Factory

A Chinese worker at an iPhone manufacturing factory committed suicide on Saturday. This is not the first suicide at the Foxconn factory, which is renewing scrutiny into the company's working conditions.

Business Tech January 9, 2018

As Bitcoin Value Tumbles, Dogecoin Sees Market Cap Rise

Dogecoin may not have a serious name but the cryptocurrency's market cap is increasing. Once dominant Bitcoin continues to see its value fall as altcoins keep rising.

Business Tech January 8, 2018

Major Silicon Valley Trade Group, The Internet Association, Says It Will Sue FCC Over Net Neutrality

The fight over net neutrality continued to heat up as major Silicon Valley trade group, The Internet Association, said it will sue the FCC. It represents companies like Facebook, Google, and Netflix.

Business Tech January 7, 2018

GoPro Karma Drone Disaster Leads To Hundreds Of Layoffs: Maybe GoPro Should Stick To Cameras?

TechCrunch learned that GoPro is laying off hundreds of workers this week. The downsizing largely affects the company's aerial division, which is responsible for the creation of the Karma drone.

Business Tech January 7, 2018

Google Invests In China With Entrance Into eSports Streaming

Google's new plan regarding China has nothing to do with the search engine. It will be investing in the Chinese eSports streaming platform, Chushou.

Business Tech January 7, 2018

Former Uber CEO Travis Kalanick Selling Large Portion Of His Shares Of Uber Stock

Former CEO of Uber Travis Kalanick will be off-loading a large portion of his shares in the company. Kalanick originally wanted to sell half of but will instead let go of one-third of his shares in Uber.

Business Tech January 6, 2018

AT&T To Roll Out 5G By Late 2018, And It's Not All About Faster Speeds

A recent report confirmed AT&T's plans to become the first carrier to offer 5G connectivity. The company plans to launch its new wireless standard later this year.

Business Tech January 4, 2018

Google Might Be Selling Off Yelp Competitor Zagat: Does It Even Ring A Bell?

Google is selling yet another one of its previous acquisitions. This time it’s Zagat, a restaurant listing and review service it purchased back in 2011.

Business Tech January 4, 2018

Microsoft Acquires Hybrid Storage Tech Company Avere Systems

Microsoft continues to make a large push into cloud computing. This time, the company bought Pittsburgh-based hybrid storage tech company Avere System to beef up Azure.

Business Tech January 4, 2018

Amazon And Google Likely Lost Money On Discounts To Home Assistants During Holiday Season

In order to build brand loyalty and look toward future purchases, Google and Amazon deeply discounted their smart speakers. This move, while gainful in the long term, means short-term losses.

Business Tech January 5, 2018

Major Music Publisher Files $1.6 Billion Lawsuit Against Spotify Ahead Of The Streaming Service Going Public

Wixen Music Publishing filed a lawsuit against Spotify, seeking $1.6 billion in damages. The legal action is bad news for the music streaming service, which is going public this year at a value of as high as $20 billion.

Business Tech January 3, 2018

Amazon Prime 2017: 5 Billion Items Shipped Worldwide, And The Rise Of The Instant Pot

Amazon shipped more than 5 billion items worldwide under its Amazon Prime membership program in 2017. The Amazon Prime Best of 2017 announcement also highlighted the rise in popularity of the Instant Pot, among several other interesting tidbits.

Business Tech January 3, 2018

Ripple Rises To Become Second Most Valuable Cryptocurrency

Bitcoin continues to dominate the market for cryptocurrency, but recently, Ripple rose to become the second most valuable cryptocurrency. It recently overtook Ethereum in market share.

Business Tech January 3, 2018

Gene Munster Predicted Amazon Is Buying Target In 2018

Tech analyst Gene Munster is predicting that Amazon will buy Target in 2018. Amazon already bought Whole Foods, and according to the prediction, it's not done with traditional retailers.

Business Tech January 3, 2018

Smart Lock Startup Otto Forced To Suspend Operations: What Happened?

Smart lock startup Otto had no choice but to suspend its operations for now after its plans went wrong. The smart lock won't ship as scheduled at all, so here's what happened.

Business Tech January 2, 2018

There's A 40 Percent Likelihood Apple Might Buy Netflix, Say Citi Analysts

Financial analysts predicted a 40 percent chance that Netflix will be acquired by Apple. Donald Trump's tax reform will likely spur the company to buy out the video streaming service.

Business Tech January 4, 2018

Trump vs Amazon: President Urges US Postal Service Charge Higher Postage Fees

President Trump is continuing his battle with Amazon. This time Trump takes to Twitter to share some grievances he has with Amazon and the United States Postal Service.

Business Tech January 1, 2018

Amazon Bought Smart Camera And Doorbell Startup Blink To Boost Its Smart Home Efforts: What To Expect

Amazon recently acquired Blink, a startup that makes smart cameras and video doorbells. The company is expected to expand its ecosystem and dive deeper into the smart home market, which is estimated to grow to $53.45 billion by 2022.

Business Tech December 31, 2017

Bitcoin's Price Drop Triggers South Korea To Make Changes

Bitcoin's recent volatility after a period of sharp rises is forcing South Korea to make changes. The cryptocurrency's widespread popularity in the country worries lawmakers.

Business Tech December 30, 2017

Real Shocker: Pennsylvania Woman Gets $284 Billion Electricity Bill

A system error reportedly generated a $284 billion electricity bill for a Pennsylvania resident. The power company eventually confirmed that it was an incorrect amount caused by an unknown glitch.

Business Tech December 29, 2017

Apple Gives Tim Cook A Big Raise, Requires CEO To Fly Private

Apple just awarded Tim Cook with a huge pay hike. The CEO will be also be required to travel by private jet moving forward.

Business Tech December 28, 2017

Bitcoin Prices Recover After Last Week's Large Drop

Bitcoin and other cryptocurrencies saw a large drop at the end of last week. Prices have been steadily rising but not to the record-highs seen before.

Business Tech December 27, 2017

Sex Trafficking Sting Finds Microsoft, Amazon Workers As Clients

A sex trafficking sting made interesting reveals including the fact that employees from Microsoft, Amazon, and other tech companies used their work emails to buy prostitution services. The companies say it's against their policies.

Business Tech December 26, 2017

Bitcoin's Price Drops Sending Panic In The Cryptocurrency Market

Cryptocurrency is a volatile investment. With prices soaring people who recently bought into the market are experiencing a hard crash.

Business Tech December 25, 2017

Facebook Strikes Deal With Universal Music Group So You Can Put Songs In Videos

Facebook just made a deal with Universal Music Group. This means that soon, Facebook users will be able to upload videos with copyrighted music and not get taken down afterward.

Business Tech December 24, 2017

South Korea Investigates Possible Involvement Of North Korea In Latest Bitcoin Hack

Authorities suspect North Korea is involved in the latest cyber attack incident. Hackers targeted a South Korean cryptocurrency exchange company named Youbit, which filed for bankruptcy after the attack.

Business Tech December 22, 2017

Amazon Files ‘AmazonTube’ Trademark Amid Google YouTube Feud

The Amazon and Google battle has gone a step further with Amazon filing a trademark for “AmazonTube.” This came after Google pulled YouTube service from Amazon devices.

Business Tech December 23, 2017

Uber Classified As Transport Service In Europe: Why Is This Bad For The Company?

The Court of Justice of the European Union just issued its final verdict in a multi-year case, classifying Uber as a transport service. This means that Uber has to comply with tighter transport regulations in the EU Member States.

Business Tech December 20, 2017

iPhone X Will Make Samsung Up To $22 Billion Richer In 2018

Samsung's projected earnings are estimated to reach up to $22 Billion in 2018. Apple continues to source its OLED components from the aforementioned company for the iPhone X.

Business Tech December 21, 2017

Virgin Hyperloop One Sets New Speed Record

The team behind the Virgin Hyperloop One startup announced their latest milestone. The energy-efficient experimental transport system reportedly broke its previous speed record.

Business Tech December 21, 2017

YouTube Will Be The New Spotify: Paid Service Likely Coming Soon After Deals With Universal, Sony

Heads up, Spotify, Apple Music, and Tidal: YouTube is going to enter the already-crowded music streaming space. The company has just signed a deal with two top music labels, indicating a possible 2018 launch.

Business Tech December 20, 2017

HQ Trivia Is Having Some Fundraising Woes Because One Of Its Founders Is Allegedly ‘Creepy’

HQ Trivia cofounder Colin Kroll has exhibited creepy behavior toward women colleagues, on top of bad managerial practices, according to sources. As a result, investors are stepping away from investing in the app.

Business Tech December 19, 2017

Magic Leap Working With Sigur Rós For Experimental Mixed Reality Music Project

The secretive Magic Leap just demoed an interactive music experience that it designed with Icelandic rock band Sigur Rós. Per usual, the mixed reality company is tight-lipped on specific details about its hardware.

Business Tech December 20, 2017

Ex-Employee Accuses Uber Of Data Scraping, Wiretapping, And Physical Surveillance To Gain Competitive Advantage

The court received new evidence that revealed some of Uber's unlawful activities. Another ongoing investigation plans to use the evidence for the company's lawsuit with Waymo.

Business Tech December 16, 2017

Amazon, Google Playing Nice: Chromecast Back At Amazon As Talks To Keep YouTube On Fire TV Commence

Amazon and Google are in 'productive discussions' as Chromecast product listings go up on Amazon again. That could mean that YouTube is going to stay on the Fire TV and return to the Echo Show.

Business Tech December 15, 2017

Tidal Music Streaming Service Reportedly Struggling, Only Has Enough Money To Last 6 Months

Music streaming service Tidal is in dire financial straits, reports say. Apparently, the company has only enough money to last six months, despite a sizeable investment from Sprint earlier this year.

Business Tech December 14, 2017

Uber Rider Charged $14,000 For A 20-Minute Trip That Should've Cost Around $20 Only

Uber charged a rider in Canada 18,000 Canadian dollars or $14,000 for a 20-minute trip. The 5-mile ride was supposed to be around $20 only.

Business Tech December 13, 2017

Apple Confirms Shazam Acquisition For An Undisclosed Amount: What Now?

Rumors of an Apple acquisition of Shazam started circling last week, and Apple has now confirmed the deal. The company has not disclosed the financial details but says it has 'exciting plans in store.'

Business Tech December 12, 2017

General Electric To Cut 12,000 Jobs In Bid To Stabilize Its Power Unit

Amid dwindling demand for fossil fuel-based energy sources, General Electric is trying to refocus and stabilize its power unit. In the process, GE plans to cut 12,000 jobs from its global power business.

Business Tech December 7, 2017

Former Volkswagen Manager Gets Maximum Prison Sentence And Fine For 'Dieselgate' Emissions Fraud

Former Volkswagen executive Oliver Schmidt got seven years in prison and a $400,000 fine for his role in the 'Dieselgate' emissions fraud. The executive had made a plea deal back in August and this was the maximum sentence under plea.

Business Tech December 7, 2017

Mozilla And Oath Headed To Court Over Firefox Default Search Engine Switch From Yahoo To Google

Mozilla decided to walk away from a contract with Yahoo and switch the Firefox default search engine to Google. The move triggered a lawsuit from Oath, which now includes Yahoo, with Mozilla firing back with a complaint of its own.

Business Tech December 6, 2017

Facebook Rules Glassdoor's List Of '2018 Best Places To Work'

Facebook was again included in Glassdoor's list of the 'best places to work' in 2018. The social media giant managed to nab the top spot across various industries beating the likes of Google, HubSpot, and LinkedIn.

Business Tech December 7, 2017

The Winklevoss Twins Now Bitcoin Billionaires

The Winklevoss Twins, who became famous when they sued Facebook founder Mark Zuckerberg in 2004, are now officially Bitcoin billionaires as bitcoin trading surged over 10,000 percent during the final week of November.

Business Tech December 4, 2017

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