Amid Heavy Criticism Over His Pro-Trump Investments, Oculus Founder Gets Two Top Executives On His Side

Oculus cofounder Palmer Luckey stirred great controversy by financially supporting an anti-Clinton group, and his actions affected Oculus as well. Two top company executives, CEO Brendan Iribe and head of content Jason Rubin, have weighed in on the matter, expressing their support for Luckey.

Business September 25, 2016

Oculus Boycott: Developers Drop Support For Oculus After Founder Palmer Luckey Backs Pro-Trump Political Group

Oculus co-founder Palmer Luckey has been funding a pro-Trump, anti-Clinton meme generator, sparking controversy on the VR scene. A number of developers have announced an Oculus boycott, dropping Oculus support as long as Luckey is involved.

Business September 24, 2016

Salesforce, Microsoft, Google And Verizon: Top Companies Interested In Acquiring Twitter

Microsoft, Google, Verizon and Salesforce are currently rumored to be courting Twitter for a possible acquisition deal. Twitter stocks went up by some 20 percent after rumors of a buyout surfaced.

Business September 23, 2016

Uber Safety Features Require Drivers To Take Selfies For Real-Time ID Check Using Microsoft Cognitive Services

Uber has added a new safety feature requiring drivers to take selfies before logging on to the platform and accepting rides. Is this the company's way of avoiding background checks and admitting its drivers swap and share accounts?

Business September 24, 2016

Apple Acquired Machine Learning Company Tuplejump: AI Push For Siri, Cloud Services And More?

Apple's acquisition of Tuplejump Pvt Ltd. is expected to help the company improve its artificial intelligence initiatives. This can cover its virtual assistant technology Siri as well as the company's push to refine its iCloud Drive service and the emerging focus on data management.

Business September 23, 2016

Instagram Now With 500,000 Active Advertisers: How Big Is This Milestone?

Instagram just topped 500K active advertisers on its platform, and the milestone is more than twice what the social media banked in February. The company explained that a few reasons stand behind the surge of Instagram Ads.

Business September 23, 2016

Adidas Shows Off Futurecraft M.F.G., A Pair Of Shoes Made By Robots

Germany-based shoe manufacturer Adidas unveiled the first-ever pair of its sneakers that were made by robots. Dubbed the Futurecraft M.F.G., the sneakers were made at the company's Speedfactory in Ansbach, Germany.

Business September 22, 2016

Chan Zuckerberg Initiative Pledges $3 Billion To Cure Disease, But Don't Expect Wonders Overnight

The Chan Zuckerberg Initiative just announced plans to invest $3 billion to help cure, prevent and manage disease. The ambitious project is a long-term effort, so it's important to realize that it will take time to materialize.

Business September 21, 2016

Comcast Set To Launch Mobile Phone Network In 2017

Comcast says that it will launch its own wireless mobile phone network by mid-2017. The service will function like Google's Project Fi and will leverage Comcast's 15 million Wi-Fi hotspots, as well as Verizon's network.

Business September 21, 2016

Uber Rival Grab Raises $750 Million To Expand In Southeast Asia

Grab recently underwent a funding round where the company pulled $750 million in investor capital. The car-sharing enterprise aims to increase its footprint in Southeast Asia, competing against powerful rivals such as Uber.

Business September 21, 2016

Facebook Acquires Nascent Objects: What Are The Social Network's Plans For The Modular Gadgets Startup?

Facebook has purchased Nascent Objects, a small startup that specializes in modular gadgets. What is the social network's plans for the company and its modular electronics platform?

Business September 20, 2016

Ahoy! Autonomous Boats Are 'Self-Sailing' Through Amsterdam Canals Next Year

MIT has teamed up with Amsterdam's AMS Institute and two universities for Roboat, a $27-million, five-year autonomous boat program. Researchers will start testing self-sailing boats in Amsterdam next year, ferrying goods and commuters.

Business September 20, 2016

Lyft Vows Transportation Revolution: Self-Driving Cars To Rule Rides, Abolishing Car Ownership By 2025

Lyft cofounder and president John Zimmer has outlined bold ambitions for the company's future. In what it calls the 'third transportation revolution,' Lyft plans to eliminate the need to own a car in the U.S. by 2025, instead relying on its self-driving cars.

Business September 18, 2016

Microsoft To Close Down London Headquarters: 220 Employees To Be Laid Off

Microsoft is following through on its recent announcement of 2,850 job cuts. The tech company will reportedly shut down its Skype offices in London, which is projected to affect 220 employees.

Business September 18, 2016

Disney Hires Ex-Warner Bros. Exec To Reinforce TV Business

Disney will have a stronger leadership from now on after it recruited ex-Warner Bros. executive Bruce Rosenblum. He will be in charge of the business arm of the network, and there’s no better time than now for his arrival.

Business September 18, 2016

Tesla Tapped To Supply Power To Los Angeles: World's Largest Lithium-Ion Battery Project To Be Completed By Year End

Tesla Energy, the energy solutions arm of Tesla Motors, has been tapped to build the world's biggest lithium-ion battery storage project. The Powerpacks will help in supplying power to Los Angeles.

Business September 17, 2016

Honestly, Jessica Alba Might Become $1 Billion Richer

Unilever is reportedly in talks to buy Jessica Alba’s organic product empire, the Honest Company, for $1 billion.

Business September 16, 2016

Apple Taps Former Time Warner Cable Exec Peter Stern As Vice President Of Cloud Services

Apple hires former Time Warner Cable executive Peter Stern as vice president of cloud service, which encompasses Apple Music, iTunes and iCloud. Rumors of an Apple TV streaming service also surround Stern's employment.

Business September 15, 2016

Airbnb To Launch New Anti-Discrimination Policies: Will They Be Enough To Protect Renters?

Airbnb is launching new anti-discrimination policies to answer the problem that is currently rampant in the home-sharing service. Diversity advocates applaud the initiatives as notable first steps, but will they be enough to protect renters?

Business September 9, 2016

Amazon Adds Free Food Delivery Service From London Restaurants For Prime Now

Amazon launches free delivery service via the Prime Now app for food from 148 different restaurants in London.

Business September 7, 2016

Education Department Shutting Down ITT Tech: Here's What You Need To Know

The Department of Education pulled the plug on ITT Tech, and the former students of the school have a few options at their disposal. None are ideal, but they are not completely bleak, either.

Business September 8, 2016

Amazon Prime Now Restaurant Deliveries Hit London, Ready To Take On UberEats And Deliveroo

The Amazon Restaurants delivery service for Amazon Prime customers has moved beyond the United States and reached the UK. The company is now offering restaurant deliveries via the Prime Now app in London.

Business September 7, 2016

T-Mobile Launches New Tech To Boost LTE Speeds To 400 Mbps, Blasts Verizon's LTE Advanced

T-Mobile announced two new pieces of technology to boost the LTE speeds of subscribers to as fast as 400 Mbps. In the same press release, the carrier criticized Verizon's LTE Advanced, which only promises speeds of up to 300 Mbps.

Business September 7, 2016

LEGO Overwhelmed By High US Toy Market Demand, But More Plants Should Help Drive Growth

Lego said that it is ready to sacrifice some short-term profits to keep its long-term growth expanding. The company reported almost stagnant figures in the United States, and is gearing up to change that in the upcoming months.

Business September 6, 2016

Bayer Offers $65 Billion To Acquire Monsanto

Bayer increases its offer to $65 billion to purchase Monsanto Company. Since May this year, Bayer had made two more offers that have been rejected by Monsanto because they were financially inadequate.

Business September 6, 2016

Intel Buys Movidius Computer Vision Startup To Boost RealSense And Forge The 'Next Wave Of Computing'

Intel showcased its RealSense platform at IDF 2016, but it was only the beginning. The company knows that the new wave of computing means giving vision and surrounding recognition capabilities to gadgets, and it purchased Movidius to do just that.

Business September 6, 2016

Liberty Media Set To Acquire Formula 1 For $8.5B: What Does The Future Hold For The Motorsport?

Liberty Media, owned by media tycoon John Malone, is set to purchase Formula 1 for $8.5 billion. What changes can be expected to come to the ailing motorsport?

Business September 5, 2016

Tax Of Amazon, Starbucks vs Small Sausage Stand: Reality Bites In Austria

Christian Kern, the Austrian chancellor, wants global corporations to pay higher taxes for advertising. He notes that a dangerous imbalance exists between taxes paid by local businesses and global enterprises such as Starbucks and Amazon.

Business September 3, 2016

China Antitrust Body Investigates Didi-Uber Deal

China's antitrust body has started an investigation into the merger between ride-hailing services Didi Chuxing and Uber China. The deal between the two companies is worth $35 billion.

Business September 3, 2016

Walmart Hottest Toys 2016: Num Noms Lip Gloss Truck, Disney Princess Carriage, Star Wars Electronic R2D2 And More

Walmart revealed the list of top 25 toys this season chosen by kids. Num Noms Lip Gloss Truck, Star Wars Electronic R2D2 and Batman v. Superman: Dawn of Justice Batcave are some of the games appearing in the list.

Business September 1, 2016

Tesla Motors Looking To Raise Additional Cash This Year: SolarCity Acquisition Among The Planned Uses For The Money

Tesla Motors is planning to raise additional money within the year through an equity offering or a debt offering. A severe financial crush is coming for the company, with added urgency due to the pending $2.6 billion acquisition of SolarCity.

Business September 1, 2016

After Fake Reviews, Amazon Goes After Counterfeit Products

Amazon is cracking down on merchants who sell counterfeit goods on the site in a bid to ensure that big brands are protected. The e-retailer is asking sellers for a one-time non-refundable fee of up to $1,500 and documents that prove the authenticity of the product being sold.

Business August 30, 2016

New FAA Small Drones Rules Go Into Effect: Here's What You Need To Know To Get A Drone License

The FAA drafted a new series of rules for small drones in the United States. The recent document makes it easier for the average user to fly a UAV but puts some limits to commercial use.

Business August 30, 2016

Amazon To Try Out Technical Teams With 30-Hour Workweeks: Here's What The Experiment Is Looking To Accomplish

Amazon will soon launch an experiment for technical teams with employees on 30-hour workweeks. The workers will receive the same benefits as full-time employees, with salary corresponding to the reduced time from 40-hour workweeks.

Business August 29, 2016

Google Taps Airbnb's Shaun Stewart To Spearhead Commercialization Of Self-Driving Cars

Former head of Airbnb's vacation rental business Shaun Stewart is joining the ranks of Google's self-driving car project in the latest hire of the company, where his role is to lead the commercialization of the technology.

Business August 27, 2016

Uber Lost Nearly $1.3 B Over The First Half Of The Year: Is The World's Most Valuable Startup In Trouble?

A Bloomberg report revealed that Uber lost $1.27 billion over the first half of the year. According to the company's head of finance, most of the losses globally were due to the subsidies that the startup provided to its drivers.

Business August 26, 2016

EpiPen Will Be More Accessible After Backlash Over Drug Price

After facing backlash for hiking up the price of anti-allergy drug EpiPen, Mylan will give as much as $300 in discounts to families who rely on the auto-injector. But the announcement is a mere discount -- not an outright rollback of EpiPen's list price.

Business August 26, 2016

Alphabet CEO Orders Google Fiber To Cut Costs: Report

Alphabet CEO Larry Page reportedly puts the pressure on the Google Fiber division because it costs too much and couldn't get enough people to sign up for the gigabit internet service.

Business August 25, 2016

Shopping For A Car? Amazon Vehicles Hub Wants To Help You Do Your Homework Before Buying

Amazon just launched a new 'automotive community' for car shoppers, aiming to help users do their research before buying a car. Called Amazon Vehicles, this new hub features millions of products, from cars to car parts and accessories.

Business August 25, 2016

Uber London Launches Scheduled Rides: Book Your Ride Up To One Month In Advance

London has become the first city in Europe to get Uber's scheduled rides option, rolling out now to business customers before reaching the general public in a fortnight. With scheduled rides, customers can book their Uber ride up to one month in advance.

Business August 25, 2016

HP Beats Revenue And Profit Expectations For Fiscal Q3, But Weak Outlook Sends Shares Tumbling

HP was able to beat expectations on revenue and profit for its fiscal third quarter. However, the price of its shares went tumbling after the release of its earnings report due to a weak outlook for the current quarter.

Business August 25, 2016

Tableau Appoints New CEO, Outside Hire: Former Amazon Web Services Executive Adam Selipsky

Tableau has announced that it is making some important shifts in its high management circle by bringing in Adam Selipsky to lead the company. However, ex-CEO Christian Chabot will remain close to the enterprise.

Business August 24, 2016

You Can Now Order A Hyundai Test Drive Through Amazon's Prime Now: Is There A Demand For Such A Service?

Amazon customers can now order test drives of the 2017 Hyundai Elantra through Prime Now Drive Now. The program is in a pilot stage with certain limitations, but it seems that there is high demand for such a service.

Business August 23, 2016

Microsoft Acquires AI Scheduling Startup Genee To Beef Up Office 365

Microsoft announced that it signed an agreement to acquire smart scheduling service Genee. Both Genee founders expressed their interest in working for Microsoft.

Business August 22, 2016

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