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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

AltspaceVR Shuts Down Due To Money Problems: Failed Funding Round, Slow VR Market Growth To Blame

One of the pioneers on social VR spaces, AltspaceVR, has officially announced that it’s shutting down. The fallout sprung from financial troubles and the VR market’s slow growth.

Business Tech July 29, 2017

Jeff Bezos Just Became The World’s Richest Person, But Only For A Few Hours

Jeff Bezos, CEO of Amazon, briefly surged past Bill Gates as the world’s richest person but climbed back down when the company’s stock reversed direction several hours later. For now, Bezos has to sit happily in the number two spot.

Business Tech July 28, 2017

Facebook Generates Revenue Of $9.3 Billion, Beats Expectations In Q2

Facebook has just reported a steep revenue growth for the second quarter of 2017, recording a whopping $9.3 billion. Mobile ads accounted for 87 percent of the total ad revenue, according to the numbers.

Business Tech July 27, 2017

Elon Musk Says He Has Verbal Approval To Begin Work On Hyperloop Train Tunnel From New York To DC

He's conquered space and electric cars, so what's Elon Musk's next step? Well, it looks like the billionaire will begin work on high-speed rail to connect two of America's largest cities.

Business Tech July 21, 2017

Apple vs Qualcomm Lawsuit Intensifies: Four Major iPhone Suppliers Join The Fight

Four major iPhone suppliers have filed counter claims against Qualcomm, further intensifying the legal battle between the chip maker and Apple. The suppliers allege that Qualcomm is trying to force them to pay excessive licensing fees.

Business Tech July 20, 2017

Amazon Could Be Facing Anti-Trust Hearing Over Whole Foods Deal

Amazon's deal with Whole Foods could be in trouble. David Cicilline from the House of Representatives antitrust subcommittee has called for a hearing.

Business Tech July 15, 2017

Prime Day Was Bigger Than Cyber Monday Or Black Friday

This year's Prime Day was one of the biggest days in Amazon's history. Sales surpassed those of Black Friday and Cyber Monday.

Business Tech July 14, 2017

Uber Merger With Russian Rival Yandex On The Horizon: Another Loss For The Ride-Hailing Service After Exiting China

Uber has agreed to a merger of its ride-hailing service in Russia with rival Yandex. The transaction is another loss for Uber after exiting China last year, as the company backs off from a once very aggressive international expansion push.

Business Tech July 14, 2017

Twitter's New CFO Is Former Goldman Sachs Director Ned Segal

Twitter has finally found a CFO after an eight-month search. Former Goldman Sachs managing director will take the CFO position from Anthony Noto, who has helmed the position for months.

Business Tech July 12, 2017

Waymo vs Uber Legal Battle Sees 3 Out Of 4 Patent Claims Against Ride-Hailing Company Dropped

Google’s self-driving unit, Waymo, has dropped three of its patent infringement claims against Uber. The move comes as the latest development in Uber and Waymo’s high-stakes dispute over autonomous car technology.

Business Tech July 8, 2017

Challenge Accepted: Australia Picks Tesla To Solve Electricity Woes In 100 Days

Elon Musk opened the challenge to solve South Australia’s power crisis with a 100-day guarantee. Australia’s government has given Tesla the contract after a bidding war.

Business Tech July 7, 2017

Jawbone To Close Up Shop As CEO Kicks Off New Startup Jawbone Health Hub

Jawbone, once a formidable name in the wearable technology landscape, will reportedly soon shut down entirely after a series of company struggles. The CEO, however, has already launched what appears to be its successor, Jawbone Health Hub.

Business Tech July 7, 2017

Amazon, Apple, Google And Other Tech Stocks Did Not Crash: Just A Glitch

The share prices of some of the world's largest technology companies appeared alarmingly wrong, seemingly trading at the same $123.47 per share. It was all due to a data glitch and no trades were made at incorrect prices.

Business Tech July 4, 2017

500 Startups Changes Leadership As Sexual Harassment Shakes Silicon Valley

500 Startups co-founder Dave McClure has resigned after admitting he was a 'creep' and hit on women in work-related environments. Amid the whole sexual harassment matter, Christine Tsai took over as CEO.

Business Tech July 4, 2017

Apple To Ink Investment Deal With LG To Ensure iPhone OLED Display Supply: Report

Multiple reports has now claimed that Apple could pour money into an LG plant to beef up the manufacturing of OLED displays, presumably for the upcoming iPhone 8. The deal, though tentative, could be worth billions.

Business Tech July 4, 2017

Microsoft Job Cuts Imminent: Thousands Of Layoffs Reportedly Planned For This Week

Microsoft has been trying to reorganize its salesforce and reportedly plans more layoffs worldwide. The company is expected to announce thousands of job cuts this week.

Business Tech July 3, 2017

Investors Had No Problem Trusting ‘Pharma Bro’ Martin Shkreli, Trial Shows

In the ongoing Martin Shkreli trial over securities fraud, a pharma executive's daughter has testified that she felt 'betrayed' by Shkreli over difficulties getting her investment back. Learn more about the case against 'Pharma Bro.'

Business Tech June 30, 2017

EU Slaps Google With Record $2.7 Billion Fine For Manipulating Search Results

The European Union has slapped Google with a record-breaking fine of $2.7 billion for skewing search results in its favor, hurting rivals. Google has 90 days to change its ways, or else.

Business Tech June 27, 2017

Former Uber CEO Travis Kalanick Knew Self-Driving Car Chief Stole Google Secrets, Says Waymo

As the Uber-Waymo lawsuit keeps unraveling, a new court filing claims that former Uber CEO Travis Kalanick knew about the information stolen from Google. Kalanick reportedly became aware of the matter last year.

Business Tech June 23, 2017

Uber Keeps Bleeding Executives: Travis Kalanick Resigns As CEO At Shareholders' Request

Uber has been struggling to handle an executive exodus and sexual harassment allegations, and now it's headed into a new chapter. Amid mounting pressure from shareholders, Travis Kalanick has resigned as CEO.

Business Tech June 21, 2017

Ford Announces New Focus Manufacturing Plans, Shifts Production From Mexico To China

Ford has revealed its plans to move production of the all-new Focus from Mexico to China, following its decision to scrap the project to build a plant in San Luis Potosi.

Business Tech June 21, 2017

You Can Now Tip Your Uber Driver As Ride-Hailing Service Undergoes Overhaul

Uber customers all over the United States will soon be able to tip their drivers, with the feature made available first in Houston, Minneapolis, and Seattle. The move is part of what Uber calls '180 Days of Change.'

Business Tech June 21, 2017

After Whole Foods, What Industries Will Amazon Conquer Next?

Where does Amazon go now that it has bought Whole Foods? Here are some thoughts on what industries Amazon may expand into after Whole Foods.

Business Tech June 19, 2017

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