Business Tech

Airbnb Raises $1 Billion In Funding Round, Still No Plans For IPO

Airbnb has raised $1 billion in a recent funding round, with the company also reportedly enjoying profitability in Q2 2016. Airbnb, however, still has no plans to go public.

Business Tech March 10, 2017

John Carmack Sues Former Employer ZeniMax For $22.5 Million

John Carmack, the new CTO of Oculus, has sued ZeniMax Media for not paying the remaining amount for id Software purchase. However, ZeniMax stated that the claims made by Carmack are baseless.

Business Tech March 10, 2017

Google Cloud Platform Announces Kaggle Acquisition, Doubling Down On Machine Learning, Data Science, And AI

The Google Cloud Platfom has acquired Kaggle, an elite platform that hosts data science and machine learning competitions. Google wants to democratize artificial intelligence and double down on machine learning, so here's why this acquisition matters.

Business Tech March 9, 2017

Amazon Hands Over Alexa Recordings To The Police After 'OK' From Murder Suspect

Amazon has decided to back down on its free speech argument, handing over Alexa recordings to U.S. police to aid a murder trial. It remains to be seen, however, if there’s any evidence be lifted from the data.

Business Tech March 8, 2017

After Multiple Media Maelstroms, Uber’s Travis Kalanick Is Now 'Actively Seeking' Chief Operating Officer For Aid

Uber has announced that it’s currently seeking a COO shortly after CEO Travis Kalanick admitted that he needed leadership help. It remains to be seen, however, whether the new hire will help straighten Uber’s mounting organizational troubles.

Business Tech March 8, 2017

Venture Capital Funds Eyeing Health Tech Startups For Higher Growth

Healthcare tech startups are the new staple of many Venture Capital Funds with a high preference for domains like retail, cybersecurity and artificial intelligence. Yet another trend is investing in women-led startups for higher growth.

Business Tech March 8, 2017

IBM And Salesforce Form Partnership On A.I.

On Monday, International Business Machines corp. (IBM) and Salesforce agreed to integrate their artificial intelligence platforms - the Watson AI platform and the Einstein AI platform - to provide better offerings to customers.

Business Tech March 8, 2017

FBI Drops Child Pornography Case To Avoid Disclosing Tor Vulnerability

U.S. prosecutors had to dismiss a case against a former school worker accused of child pornography because the FBI refused to reveal its investigative techniques. The case revolves around the Tor-hosted Playpen, a popular child pornography site that the FBI briefly hijacked.

Business Tech March 7, 2017

After Strong Stock Exchange Debut, Snap Shares Dip More Than 12 Percent On Day 3

Snap opened to uproarious first trading day results, but as informed by its third trading day wane, the excitement might be wearing off. Snap shares has now tumbled down more than 12 percent, erasing gains for stock purchases prior.

Business Tech March 7, 2017

GM Exits Europe, Selling Opel And Vauxhall Brands To Peugeot SA: $2.33B Deal Announced

GM has officially announced a $2.33 billion deal with Peugeot SA for the Opel and Vauxhall brands. This marks GM's exit from Europe and positions PSA as the second-largest automotive company in the region, trailing only Volkswagen.

Business Tech March 6, 2017

Uber's Never-Ending Troubles: A Quick Recap Of What Has Happened So Far

Uber has been besieged with bad news as of late. The company has been saddled with claims of sexual harassment from former employees, and its CEO has suffered a meltdown during a heated exchange with an Uber driver.

Business Tech March 6, 2017

California High School Makes $24 Million By Investing In Snap IPO

Saint Francis High School in Mountain View, California, poured an early investment of $15,000 for Snap Inc., the maker of Snapchat. Today the investment in Snap's IPO is worth $24 million.

Business Tech March 5, 2017

NBCUniversal Invests $500 Million In Snap IPO As It Expands Digital Content Strategy

NBCUniversal has staked $500 million in Snap’s IPO, making it the only U.S. media company to invest during the IPO stage. The move is part of a strategic investment and partnership, according to NBCUniversal.

Business Tech March 4, 2017

Costco Raises Annual Membership Fee, Is The Hike Worth It?

Costco announced the expected price hike in its annual membership fees structure on March 2. Post the announcement, the company’s shares fell by 4.3 percent but analysts predict that loyal customers will stay despite the hike.

Business Tech March 4, 2017

Uber Loses Product And Growth VP Ed Baker Amid Company Issues: The Odd Timing Of His Resignation

Ed Baker, Uber's vice president of product and growth, has announced his resignation during a time when the ride-hailing company is facing sexism and sexual harassment allegations and other issues.

Business Tech March 3, 2017

Uber Allegedly Used Secret Tool 'Greyball' To Hoodwink Regulators: Report

Uber used a special tool to avoid legal confrontation in cities where it operated without acquiring permission first, a new report alleges. It hasn’t been a great PR trajectory for Uber of late.

Business Tech March 3, 2017

General Motors Launches Monthly Car Rental Service With Maven Reserve: Parking, Insurance And More Included

GM just announced a new car rental service called Maven Reserve, which allows users to rent a Chevrolet Tahoe or Volt for 28 days. The monthly rental comes with a number of perks including insurance, parking, $100 in gas credit and more, but it's not cheap.

Business Tech March 3, 2017

FCC Declares War vs Robocalls Again: Ajit Pai Outlines Agenda For March

The Federal Communications Commission has again declared war against robocalls, automated phone calls that have been bugging the entire nation. FCC Chairman Ajit Pai revealed it as his agency's agenda this March.

Business Tech March 3, 2017

Bitcoin Is Now More Expensive Than Gold, Cryptocurrency Reaches All-Time High

A unit of digital cryptocurrency, bitcoin has reached a new historic high. The price of one bitcoin has surpassed the value of an ounce of gold for the first time.

Business Tech March 3, 2017

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

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