Business Tech

Snap IPO: Snapchat Surges 44 Percent In First Trading Day, But Analysts Say It Will Plunge

Snap Inc. is off to a great start, having opened at $24 share, well above its expected target. Analysts, however, are predicting bleak prospects for its stock.

Business Tech March 3, 2017

Yahoo Security Breach: CEO Marissa Mayer Takes Some Responsibility, But Who's Really Taking The Fall?

As the investigation into the massive Yahoo data breach wrapped up, CEO Marissa Mayer took some responsibility for the mishap and docked her pay. This has stirred further controversy, as it's seen as a thin gesture while someone else takes the real fall as the scapegoat.

Business Tech March 2, 2017

Elon Musk Agrees To A Tesla Competition And You Have A Fifth-Grader To Thank For It

A bright fifth-grader wrote a letter to Tesla CEO Elon Musk as part of a school project, suggesting a Tesla competition for fan-made commercials. Musk thought it was a great idea and agreed to do it, so get ready for a neat contest thanks to this awesome kid.

Business Tech March 2, 2017

Marissa Mayer Wants To Redistribute Annual Bonus To Yahoo Employees Due To Breaches: A Look At The Hacks

After Yahoo's data breaches, CEO Marissa Mayer is forgoing her annual bonus and equity stock grant, saying that she wants them redistributed to the company's employees.

Business Tech March 2, 2017

Uber CEO Travis Kalanick Admits He Needs To Grow Up And Get 'Leadership Help' After Disrespecting Uber Driver

Uber CEO Travis Kalanick stumbled into a new controversy when a video of him arguing with an Uber driver made its way online. Kalanick has now apologized for his disrespectful behavior and said that he needs to grow up and get some leadership help.

Business Tech March 2, 2017

Tesla Employee Files Lawsuit Over Gender Discrimination Claims, Here's All You Need To Know

A female Tesla employee has filed a lawsuit against the company for alleged gender discrimination and harassment. The company revealed an investigation had been conducted and found the claims were baseless and unsubstantiated.

Business Tech March 1, 2017

Uber’s CEO Travis Kalanick Caught On Video In A Heated Exchange With Driver

It’s another bad day for Uber. Travis Kalanick, Uber’s CEO, has been caught on video engaging in an argument with an Uber driver about the company’s decisions that are hurting its drivers.

Business Tech March 1, 2017

Samsung Chief Indicted Over Corruption And Bribery Scandal

Samsung's VP Lee Jae-yong has been convicted with corruption, embezzlement and bribery, along with four other executives. South Korea's constitutional court is yet to make a decision.

Business Tech February 28, 2017

Mozilla Acquires Bookmarking Tool Pocket After Starting Out As A Firefox Extension Years Ago

Mozilla has now officially bought Pocket, a bookmarking tool with 10 million monthly users. The company will reportedly use leverage Pocket in its recommendation tool endeavor.

Business Tech February 28, 2017

Uber Executive Told To Resign Over Undisclosed Sexual Harassment Allegations During Stint At Google

Uber has asked its senior VP of engineering to resign over undisclosed sexual harassment claims made during his former post at Google. The resignation comes at a time during the company’s headfirst dive into sexist workplace controversies.

Business Tech February 28, 2017

AT&T Overhauls Unlimited Plan, Offers Lower Price, New Perks In Bid To Be More Competitive

Faced with more attractive data bundles from competitors, AT&T reworked its unlimited data offerings. The carrier now offers two unlimited plans with lower prices, HD video, and tethering.

Business Tech February 27, 2017

NASA And Lockheed Martin Begin Testing X-Plane Based On Quiet Supersonic Technology

NASA and Lockheed Martin have begun testing the X-Plane, which is a quiet supersonic flight. The X-Plane is part of NASA’s NAH initiative and is touted to be the first commercial supersonic flight.

Business Tech February 27, 2017

SoftBank To Invest $3 Billion In Office-Sharing Startup WeWorks

SoftBank is likely to invest more than $3 billion in New York-based startup WeWorks. Rumors suggests that the funding will be conduct in two tranches, one worth $2 billion and the other worth more than $1 billion.

Business Tech February 27, 2017

Wendy's Self-Ordering Kiosks Coming To 1,000 Locations In 2017

Wendy's will soon introduce self-ordering kiosks to 1,000 of its outlets across the United States. This would be done to maximize productivity and provide a better experience to customers along with quicker service.

Business Tech February 27, 2017

Here Are The Reasons Why You Should Avoid Buying The Snap IPO

Some analysts have predicted that Snap's IPO will be one of the biggest in the tech industry. Despite the high level of investor interest, there are some factors that indicate how it could be a bad investment.

Business Tech February 26, 2017

Nintendo Throws Blue Shell At Business That Lets You Play 'Mario Kart' In Real Life

Nintendo has filed a lawsuit against Tokyo-based MariCar for copyright infringement. The 'Mario Kart'-inspired business offers go-kart tours around the city, with riders provided costumes of various Nintendo characters.

Business Tech February 25, 2017

Apple, Google, And More Protest Against Trump Revoking Protection For Transgender Students

Major tech companies have now officially expressed dismay over Trump’s reversal of a policy meant to protect transgender students. This becomes among many of Trump’s decisions as president that Silicon Valley has spoken out against.

Business Tech February 24, 2017

Amazon Protects Customer Data In Murder Trial, Arguing That Alexa Speech Falls Under First Amendment Rights

Amazon continues to resist requests to turn over Echo voice recordings to help a murder investigation. The company has now filed a motion arguing that the responses of Alexa, the voice assistant powering the Amazon Echo, should be protected by First Amendment rights.

Business Tech February 23, 2017

Verizon Ranks Top In Latest RootMetrics Report: Most Reliable Network In US

RootMetrics published its latest report on Thursday, Feb. 23, revealing that Verizon is still the most reliable network in the United States. The report ranks AT&T second, followed by Sprint and T-Mobile.

Business Tech February 23, 2017

Pebble Acquisition Was A Bargain Deal Far Cheaper Than Initially Estimated: Fitbit Confirms $23M Price

Fitbit has finally disclosed the price it paid to acquire Pebble and it was quite a bargain deal. While the acquisition was initially estimated to cost between $34 and $40 million, Fitbit just revealed that it paid only $23 million for Pebble.

Business Tech February 23, 2017

After Claims Of Sexism, More Stories Of Uber’s Abusive Workplace Culture Surface

After former employee Susan Fowler revealed the workplace sexism she allegedly experienced at Uber, more negative stories of the company's workplace culture have surfaced, including homophobic slurs and instances of sexual harassment.

Business Tech February 23, 2017

Uber Employees Report 'Honest, Raw And Emotional' Staff Meeting Amid Scandal Over Sexist And Abusive Workplace Culture

Uber CEO Travis Kalanick held an 'honest, raw and emotional' staff meeting about sexism, after a former engineer detailed a sexist, discriminatory and abusive workplace culture. Uber employees said Kalanick apologized and seemed truly invested into sorting this out.

Business Tech February 22, 2017

Facebook Reportedly Reaching A Deal With MLB To Stream Weekly Live Games

Facebook is reportedly courting MLB to let it stream games on the site each week in the upcoming season. If it pushes through, the move might lure users away from Twitter, which is also going after sports broadcasting.

Business Tech February 22, 2017

Verizon Yahoo Deal Amended: $350M Lower Price After Data Breaches Lowered Yahoo's Valuation

The Verizon-Yahoo deal will go through with amended terms and is expected to close in the second quarter of this year, Verizon has announced. Yahoo's data breaches lowered its valuation, however, as Verizon knocked $350 million off its initial offer.

Business Tech February 21, 2017

Samsung Betting Big On Artificial Intelligence, Looking To Spend $1B Acquiring AI Companies: Report

Samsung reportedly wants to set up a massive fund for future acquisitions, targeting artificial intelligence companies. The company plans to spend $1 billion on such acquisitions.

Business Tech February 21, 2017

Eric Holder To Investigate Uber Sexual Harassment Claims, Diversity Report Follows In The Next Few Months

Uber has tapped former U.S. attorney general Eric Holder to conduct an independent review of sexual harassment claims directed at Uber. The company will also release a diversity report in the next few months.

Business Tech February 21, 2017

Samsung's US Reputation Dips, Ranking Drops By 42 Places: Galaxy Note 7 Fiasco To Blame?

Samsung's reputation plunges after the whole Galaxy Note 7 fiasco, with its ranking dropping by 42 places. It's no longer among the top 10 brands in the United States, according to a new poll.

Business Tech February 20, 2017

Former Uber Engineer Details Sexist Abuse In Workplace, Prompts CEO Travis Kalanick To Order Investigation

A former Uber employee has come out with a seething narrative of sexism that affected her one-year stint at the company. Among them are bouts of repeated and ignored sexual harassment, suppressed complaints, and more.

Business Tech February 20, 2017

Uber Australia Fare Prices Could Increase As Federal Court Rules It's A Taxi Service Subject To GST

Uber has lost another battle in Australia, as a federal court ruled that it's a taxi service and its drivers are taxi drivers. This, in turn, could lead to an increase in Uber fare prices to offset additional costs.

Business Tech February 20, 2017

Faraday Future Promises To Jumpstart Construction Of Nevada Plant Amid Financial Turmoil

Faraday Future will push through with its factory in Nevada. The company says construction has entered a competitive bidding process.

Business Tech February 19, 2017

T-Mobile, Sprint Merger Talks May Be Revived: SoftBank Now Willing To Give Up Control

Talks to merge T-Mobile and Sprint, No. 3 and No. 4 among U.S. wireless carriers, may be revived in a few months. Sprint majority owner SoftBank is now willing to cede control of the combined entity.

Business Tech February 18, 2017

Spotify-Backed Soundtrack Your Brand Gets $22 Million Investment To Bring Music Streaming Services For Businesses

Spotify-backed Soundtrack Your Brand has raised $22 million in a new round of funding. The background music company intends to use the money to grow its global footprint.

Business Tech February 17, 2017

South Korea Orders Samsung Heir's Arrest For Allegedly Bribing Mysterious Rasputin Figure, Other Charges

A Seoul district court has ordered the arrest of Samsung's chief Lee Jae-yong. He is accused of bribing Choi Soon-sil, the main person of interest in ongoing corruption scandal that has gripped South Korea.

Business Tech February 17, 2017

This Image Of Putin Embracing A Pregnant Donald Trump Is Something You Just Can’t Unsee

The new dating app Hater has made Valentine's Day memorable for New Yorkers by throwing a stunt featuring Russian leader Vladimir Putin and U.S. President Donald Trump.

Business Tech February 16, 2017

Donald Trump 'A Blessing In Disguise,' Says India's Richest Man

India's richest man Mukesh Ambani believes that Donald Trump is "a blessing in disguise" for the country. He noted that Trump's immigration policy would bring back talented Indians to their home country and resolve the issues plaguing the IT sector.

Business Tech February 16, 2017

Yahoo-Verizon Deal Nearly Done But Verizon Lowers Offer By $250 to $350 Million: Report

Verizon wants a big discount from Yahoo, and the latter might have no option but to see it as a good deal following the biggest data breaches in history. Here's the latest about the Yahoo-Verizon deal.

Business Tech February 15, 2017

T-Mobile Crushes Q4 Estimates With Better Than Expected Profit And Revenue

T-Mobile crushed its estimated profit and revenue for the fourth quarter, and celebrated by sweetening its One unlimited plan.

Business Tech February 14, 2017

Magic Leap A Hostile Workplace Environment For Women, New Lawsuit By Former Executive Alleges

On top of criticisms over its inability to showcase a concrete product, Magic Leap, an augmented reality startup, is now being accused of workplace sexism. The lawsuit claims the company’s sexism is what hampered the development of its product.

Business Tech February 14, 2017

Google Waymo Staff Leaves After Being Paid Loads Of Money

Google Waymo top executives have left the company after receiving a lot of money, says Bloomberg. Staff were leaving because they were more or less financially secure.

Business Tech February 15, 2017

After Tesla Unionization Threat, Elon Musk Now Wants Man Upgraded Into Cyborgs

Elon Musk has outlined a proposal to interface biological and mechanical components to upgrade humans. He explained that this is necessary for people to become more productive.

Business Tech February 13, 2017

Korean Prosecutors Grill Samsung Chief Anew Over Ties With Female Rasputin

Samsung's chief was again subjected to another round of questioning for his link to Choi Soon-sil. Choi, notoriously known as South Korea's own Rasputin, is the primary person of interest in the country's current political scandal.

Business Tech February 13, 2017

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