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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

Amazon CEO Jeff Bezos Needs $5 Billion To Become The Richest Person In The World

Bill Gates is still the world’s richest person, according to the Bloomberg Billionaires Index, which sees Bezos behind the Microsoft cofounder. However, he only needs $5 billion more to surpass Gates.

Business Tech June 19, 2017

As Amazon Acquires Whole Foods, 1 More Job Could Be Made Obsolete By Technology

Amazon has recently announced plans to acquire the supermarket chain Whole Foods for $13.7 billion. While it promises not to replace workers with robots, it may still be taken as a sign that cashiers are becoming among the jobs made obsolete by technology.

Business Tech June 18, 2017

Amazon Buys Whole Foods: Here’s How The Deal Will Likely Affect Other Food Players

Amazon will probably spark major changes in the food industry with its recent acquisition of Whole Foods for $13.7 billion. Learn how U.S. supermarkets and food delivery sites could transform given this new development in the industry.

Business Tech June 18, 2017

Amazon Acquires Whole Foods For $13.7 Billion: Workers To Be Replaced With Robots?

Amazon has begun the process of its $13.7 billion Whole Foods acquisition, providing it a wealth of physical stores to experiment or grow its retail business with. Questions about Amazon’s plans for automation within stores have also begun rising.

Business Tech June 17, 2017

Rape Victim Sues Uber For Obtaining And Sharing Her Medical Records

An Indian woman filed rape and won against an Uber driver in India in 2014. Now, she has alleged that the company, its three executives including CEO Travis Kalanick in particular, obtained her medical records illegally to discredit her.

Business Tech June 16, 2017

Snap Share Price Sinks To IPO Level For The First Time Since Going Public: What's Going On?

Snap Inc., the owner of Snapchat, saw its stocks fall to $17, which is the company's share price for its initial public offering. Will Snap be able to recover after falling from its peak high of $29.44 per share?

Business Tech June 15, 2017

Amazon Interested In Buying Slack For More Than $9 Billion

Amazon is reportedly interested in buying Slack for over $9 billion and the idea isn't as strange as it looks. Here's why Amazon might be interested in the cloud-based messaging service.

Business Tech June 15, 2017

Uber's Top Is Looking Empty: Here Are The Vacancies The Company Needs To Fill

With Travis Kalanick taking some time off as Uber’s CEO, in addition to unfilled top executive roles, the ride-hailing company’s path forward is unclear. That said, a corporate restructuring is exactly the chance Uber needs to change its workplace culture.

Business Tech June 14, 2017

Uber Meeting About Sexism Goes Awry As Board Member Makes Sexist Joke (UPDATE: David Bonderman Resigns)

The all-hands meeting of Uber regarding CEO Travis Kalanick and the rampant sexism in the workplace took a hard turn toward the wrong way when board member David Bonderman inappropriately made a sexist joke.

Business Tech June 13, 2017

It's Official: Verizon Purchases Yahoo For $4.5 Billion, Marissa Mayer Resigns From The Company

After months of negotiations, Verizon has completed its purchase of Yahoo. The wireless cell phone carrier purchased Yahoo for $4.5 billion, with plans to include it as part of its Oath brand.

Business Tech June 13, 2017

Sony Sells More Than 60 Million PlayStation 4 Units Worldwide

Sony revealed that it sold 60.4 million PlayStation 4 units worldwide. The company also shared that it sold 487.8 million copies of games through its retail and digital stores.

Business Tech June 13, 2017

Uber CEO Travis Kalanick Leave Of Absence Under Discussion

Travis Kalanick, Uber’s CEO, might be asked to take some time off following the results of an independent investigation by former attorney general Eric Holder. That report allegedly paints an ugly portrait of Uber’s workplace culture.

Business Tech June 12, 2017

FAAMG Stock Has A Sharp Drop, Could It Lead To Another Tech Bubble?

Despite companies such as Google and Facebook leading the stock market for several years, the members of FAAMG saw a surprising stock drop on Friday, June 9. Is it possible that this could lead to a second tech bubble?

Business Tech June 10, 2017

Tim Cook, Jeff Bezos To Attend American Technology Council Meeting At White House

Despite the criticisms, Tim Cook is going to attend the first meeting of Donald Trump's American Technology Council at the White House. This will include other CEOs such as Jeff Bezos and Satya Nadella as they discuss how to modernize the government.

Business Tech June 10, 2017

SiriusXM Invests $480 Million To Pandora After Its Failed Takeover

Since December, SiriusXM has been in on-and-off talks with Pandora in an attempt to purchase the streaming radio entity. While that is no longer the case, Sirius will now have a major stake in Pandora with a $480 million investment.

Business Tech June 9, 2017

Verizon Acquires Yahoo And Plans To Cut 2,000 Jobs

Yahoo has finalized the sale of its assets to Verizon which could result in the loss of 15 percent of its workforce. Verizon intends to use Yahoo and AOL to create a new company known as Oath.

Business Tech June 8, 2017

Uber Ordered To Hand Over Otto Due Diligence Report In Waymo Lawsuit, Judge Rules

Uber now has to provide the due diligence report related to its $680 million acquisition of Otto, which it has so far tried to keep secret. Waymo believes the report can show evidence about Uber’s trade-theft practices.

Business Tech June 7, 2017

Uber Executive Fired Over Handling Of Rape Case In India In 2014

Uber has been working overtime to salvage its image, recently firing 20 employees as a result of legal probes into the company. Another firing has joined the list, with a top level executive being let go over the handling of a 2014 rape case in India.

Business Tech June 7, 2017

China Is The Next Market Ripe For Tesla And Elon Musk

Over the last few years, Tesla has been growing in popularity since it's a well-designed and functioning electric car with all the bells and whistles of a luxury car brand. Now, Elon Musk's path to world domination will continue thanks to the booming market of China.

Business Tech June 7, 2017

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