AT&T To Refund $88 Million To Customers In Mobile Cramming Settlement With FTC

The FTC will now give out $88 million in refunds to customers as part of the 2014 mobile cramming settlement of AT&T. Current AT&T subscribers will receive bill credits, while former customers will be receiving a check in their mail.

Business December 9, 2016

Microsoft's $26.2 Billion LinkedIn Acquisition Now Officially Closed

Microsoft’s $26.2 billion LinkedIn acquisition, the third biggest tech acquisition in history, is now a done deal. Satya Nadella, Microsoft’s chief executive, said that the company plans to fuse Microsoft’s products and LinkedIn’s network together.

Business December 9, 2016

Uber Updates Rider Guidelines: If You Want To Keep Using The Ridesharing Service, Here's What You Should And Shouldn't Do

Uber has released a refresh on its rider guidelines, clarifying the expected behavior of passengers. The updated policies will likely only contribute to a better ridesharing experience for riders and drivers.

Business December 8, 2016

Apple Supplier Foxconn Confirms Plans Of US Expansion: iPhone Price Could Go Up And Here's Why

Apple's assembly partner Foxconn confirmed plans of expanding its operations in the United States. If Foxconn makes iPhones in the country, the price of the smartphone could go up.

Business December 9, 2016

SoftBank's Masayoshi Son Promises Donald Trump $50 Billion Investment In The US

Business magnate Masayoshi Son of Softbank Corp. met with U.S. President-elect Donald Trump at the Trump Tower in New York to discuss a possible $50 billion investment in the United States. Said pledge could provide around 50,000 new jobs to American citizens soon.

Business December 8, 2016

Jack Dorsey On Donald Trump And On His CEO Jobs At Twitter And Square

Jack Dorsey thinks that Donald Trump using Twitter is 'fascinating.' Dorsey, the CEO of Twitter and Square, has no plans of leaving any of the two companies.

Business December 7, 2016

Facebook Is Best Tech Company In Glassdoor's Best Places To Work 2017: Here's The Complete List

According to Glassdoor's list of 50 Best Places to Work in 2017 in the United States, social networking site Facebook is the second best option after Bain & Company. However, it is the best company to work for in 2017 for those in the tech sector.

Business December 7, 2016

How Amazon Go Cuts Checkout Lines And Cashier Jobs

The new Amazon Go grocery store offers customers a new shopping experience through automated services. However, the move could spell the end of jobs for millions of human employees.

Business December 7, 2016

Twitter Acquires Startup Yes Inc. To Hire A Former Googler As New Product Chief: How Will The Move Help The Social Media Platform?

Twitter acquired social media app maker Yes Inc. and made its CEO, Keith Coleman, as the company's new VP of product. Coleman is the sixth product chief of Twitter since 2007, filling a position that has been vacant since January.

Business December 2, 2016

Do You Think Donald Trump's Tweets Are Bad? You'll Hate The Fact That He Would Be Able To Text All Americans At Once

President-elect Donald Trump will soon gain access to the WEA system, which will allow him to send a text message to all Americans at once. Will Trump use the system similarly to how he airs his thoughts on Twitter?

Business December 1, 2016

GoPro To Layoff 200 Employees Following Karma Drone Recall

GoPro has fired 15 percent of its employees as it struggles to keep itself afloat. It is also currently dealing with a product recall and the departure of its president by the end of the year.

Business December 1, 2016

Cyber Monday Sales Smash Prior Records As Mobile Device Shopping Surges

Cyber Monday 2016 was a huge success. Online sales surged from those of last year’s big day, while the number of consumers shopping from mobile devices jumped significantly.

Business December 1, 2016

Amazon Holiday Jobs: Company Hiring 120,000 Temporary Workers At US Warehouses, Tapping Robots For Faster Training

Amazon has started to prepare for a busy shopping season, and it's reportedly boosting its workforce by 40 percent at U.S. warehouses, adding 120,000 temporary employees. With the help of robots and other tech, Amazon will also shrink training time from six weeks to just two days.

Business November 29, 2016

Apple Campus 2 Revealed In Drone Flyover Video: Construction Of UFO-Like Facility Almost Complete

The Apple Campus 2 looks like it is almost complete, as seen in the latest drone flyover video on the facility. Most of the structure's walls and solar panels are already up, with landscaping work already started.

Business November 28, 2016

Samsung Electronics Is Thinking Of Splitting Up The Company: Why Might It Make Such A Drastic Move?

Samsung Electronics will think about splitting up the company into two, as proposed by activist hedge fund Elliott Management. Why would the global smartphone leader consider making such a drastic move?

Business November 28, 2016

Black Friday 2016 The First Day To Earn Over $1 Billion In Online Mobile Sales: What Does This Mean To Customers And Retailers?

Black Friday 2016 is the first day in retail history to earn more than $1 billion in mobile sales. This year's version of the shopping holiday also set a new record of surpassing $3 billion in total online revenue.

Business November 27, 2016

Forget The Turkey: Thanksgiving 2016 Online Spending Of US Shoppers Hit Above $1 Billion Mark

U.S. shoppers have indulged in online retail spends of over $1 billion between midnight and 5 p.m. ET on Nov. 24, Thanksgiving Day, per a report by Adobe Digital Insights. Thanksgiving 2016 online sales are expected to cross the $2 billion mark.

Business November 25, 2016

Ubisoft Exec Says 'It Wouldn't Be The Same' If Vivendi Takeover Pushes Through

Ubisoft's leadership is scrambling to fend off a looming Vivendi hostile takeover. Executives fear that the company will lose its capability to develop successful game titles based on innovation.

Business November 25, 2016

Huawei Dethrones Samsung As Most Profitable Android Smartphone Brand For The First Time Ever: Report

Huawei has taken Samsung's place as the second most profitable smartphone business during the third fiscal year of 2016. However, that won't be for long, according to an analyst.

Business November 25, 2016

Samsung SDI Future Becomes Uncertain Due To Galaxy Note 7

Battery maker Samsung SDI is now struggling to keep its customers after being blamed for the Galaxy Note 7 incident. The company also supplies battery to OEM manufacturers such as Apple.

Business November 24, 2016

Comcast Set To Launch Dish’s Sling TV Bundles On Xfinity X1 Platform, But Why?

Comcast is set to launch DISH TV’s Sling bundles on its X1 platform. The move seems strange at first, but Comcast has a very specific reason for having initiated the new partnership.

Business November 25, 2016

Amazon Could Soon Start Streaming Live Sports On Prime: NFL, NBA And MLB Reportedly In Sight

Amazon has reportedly been in talks with the NBA, NFL, MLB and various media networks over the rights to stream live sports online on Prime. The company is reportedly looking to bring Prime Tickets in the U.S. as well.

Business November 23, 2016

Facebook To Launch First Stock Buyback For $6 Billion: Will It Be Enough To Appease Angered Users Over Fake News On The Social Network?

Facebook will launch its first share buyback program for up to $6 billion early next year. The move comes after allegations that fake news articles on the social network helped Donald Trump win the presidential election.

Business November 19, 2016

Amazon And Fiat Chrysler Team Up To Sell Cars Online, But Only In Italy For Now

Fiat and Amazon have announced an intriguing initiative to sell cars online. Only three vehicle models are available and only in Italy, but extra discounts are in store for online shoppers.

Business November 20, 2016

Airbnb No Longer Just For Booking Rooms: You Can Now Also Plan Your Travel Activities Through The Service

Airbnb has revealed a revamped version of its app that expands the services offered beyond booking rooms. Travelers can now also plan their travel activities through Airbnb, along with accessing tips and recommendations from locals.

Business November 17, 2016

Snapchat Goes Public: Snap Inc Files For Secret IPO At Potential $25 Billion Valuation

Snapchat parent company, Snap Inc., has apparently filed for a secret IPO with SEC. The company is seeking to raise $4 billion, which would give it a valuation between $25 and $35 billion.

Business November 15, 2016

Lyft Shaves Off Its Pink Mustache For LED Dashboards

Ride-hailing service Lyft is getting rid of its trademark pink mustache - the Glowstache - and is replacing it with an LED dashboard called Amp. The Amp will be made available to its drivers for free from December.

Business November 15, 2016

Samsung Bets Big On Connected Cars With $8 Billion Acquisition Of Harman

Samsung is in the process of acquiring connected car solution provider Harman in a bid to expand its efforts in connected technologies. More than 30 million cars are already equipped with Harman's car infotainment equipment.

Business November 14, 2016

Nike Opens Technologized Store In SoHo, New York City: What's Inside

Nike has opened a new store in New York City, and it's quite different from many of its other stores. This one is packing several technology related things designed to increase the shopping experience. From what we can tell, it would seem Nike has succeeded.

Business November 14, 2016

Twitter COO Adam Bain Leaves The Company, CFO Anthony Noto Takes The Reins

The departure of Twitter's COO Adam Bain came amid the microblogging platform's struggle to generate revenue and the dearth of interested buyers. Bain has been credited for building the company's multi-billion advertising business.

Business November 9, 2016

Analysis: How Will Trump's Victory Affect Silicon Valley?

Donald Trump has been elected the 45th president of the United States, but Silicon Valley is anxious over the Republican candidate's win. Trump is known for his lack of support for the technology industry.

Business November 9, 2016

Not Just Hype: Hyperloop One Signs Deal With Dubai RTA To Cut Trip To Abu Dhabi To Just 12 Minutes

Hyperloop One has signed an agreement with the Dubai Roads and Transportation Authority to create a passenger Hyperloop transport system that will run between Dubai and Abu Dhabi. The system is expected to reduce travel time to just 12 minutes.

Business November 8, 2016

Samsung Releases Full-Page Ads In Major US Newspapers To Apologize For Galaxy Note 7: Will Customers Trust The Brand Again?

Samsung released full-page advertisements on three major newspapers in the United States to apologize for the Galaxy Note 7 controversy. Will the ads be enough to win back the trust of customers?

Business November 8, 2016

Vine Still Has A Shot At Survival: Twitter Said To Be Looking For A Buyer

Twitter said that it will be shutting down Vine, but it seems that the six-second video platform is not dead yet. Twitter is reportedly looking through offers made by potential buyers and is hoping to reach a sale agreement soon.

Business November 8, 2016

GoPro Q3 Revenue Falls 40 Percent: Struggling Company Needs Hero5 Camera And Karma Drone To Soar In The Holiday Season

GoPro continues to struggle, as it saw revenue drop by 40 percent in the third quarter. The company is hoping that the Hero5 cameras and the Karma drone will fuel a successful holiday quarter and a profitable 2017.

Business November 4, 2016

Uber Partners With General Motor's Maven For A Car Rental Pilot Program In San Francisco

Uber has teamed up with General Motors' service Maven to start a 90-day car rental pilot program in San Francisco. The initiative will only be available to Uber drivers in San Francisco for now on select GM vehicles.

Business November 2, 2016

Hulu Live TV Service Taps Fox And Disney: Skinny Bundle Shaping Up Nicely

Hulu is making progress with its upcoming live TV service: it just signed Disney and 21st Century Fox. This means that Fox, ESPN, Disney and ABC networks are now in the mix, adding to the treats from the earlier Time Warner deal.

Business November 1, 2016

Samsung To Ramp Up US Mobile Chip Production With $1 Billion Investment

Samsung has announced plans to expand its U.S. mobile chip production facilities by investing $1 billion starting early next year. The decision was made despite revenue loss following the discontinuation of the Galaxy Note 7.

Business November 1, 2016

Forget Ugly Solar Panels: Elon Musk Wants The World To Use Tesla's Solar Roof Tiles

Tesla has revealed its new solar roof tiles that can replace the ugly-looking traditional solar panels. The company aims to start installing the novel solar roof tiles as early as next summer.

Business October 29, 2016

Pornhub Offers To Buy Vine And Restore It To Its 'NSFW Glory'

Twitter's shutdown of Vine stirred plenty of mixed reactions. Among the unexpected ones, Pornhub just offered to buy Vine and restore it to its 'NSFW glory' as 'six seconds is more than enough time for most people to enjoy themselves.'

Business October 29, 2016

Comcast Shares Drop Despite Subscriber Increase, AT&T New $35 DirecTV Now Bundle Worries Investors

Comcast just released a stellar earnings report with a healthy jump in subscriber numbers. Share prices of the company still dropped, however, on investor concerns about competition from AT&T’s newly announced $35 DirecTV Now bundle.

Business October 29, 2016

Samsung Sees Q3 Operating Profit Sink Because Of Galaxy Note 7 Fiasco, Promises Quick Mobile Division Rebound

Samsung saw its operating profit for the third quarter slump by 30 percent because of the explosive Galaxy Note 7. The company promised a quick rebound for its mobile division though, amid the strong performance of its components businesses.

Business October 27, 2016

Tesla Motors Books First Quarterly Profit In More Than 3 Years: No Extra Capital Needed for Model 3 Production, Elon Musk Says

Tesla Motors reported a net income of $21.9 million for the third quarter, marking the first profitable quarter for the company since early 2013. It is also on track to meet its target of 80,000 electric vehicles produced this year.

Business October 27, 2016

AT&T DirecTV Now Streaming Service Launching Soon At $35 Per Month To Disrupt Cable TV

AT&T dropped a bomb on the cable television market, announcing the launch of its DirecTV Now online streaming service. Aggressively priced at $35, DirecTV Now will sport more than 100 channels to offer a cheaper alternative to cable TV.

Business October 26, 2016

Twitter Job Cuts: Here's Why 300 Twitter Employees Are In Danger Of Losing Their Jobs Soon

Twitter might sack up to 300 employees, according to the latest reports. Read on to know the reasons for the radical axing of the company’s workforce and to find out Jack Dorsey’s plans for the near future.

Business October 25, 2016

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