TechCrunch learned that GoPro is laying off hundreds of workers this week. The downsizing largely affects the company's aerial division, which is responsible for the creation of the Karma drone.
Business Tech January 7, 2018
Google's new plan regarding China has nothing to do with the search engine. It will be investing in the Chinese eSports streaming platform, Chushou.
Business Tech January 7, 2018
Former CEO of Uber Travis Kalanick will be off-loading a large portion of his shares in the company. Kalanick originally wanted to sell half of but will instead let go of one-third of his shares in Uber.
Business Tech January 6, 2018
A recent report confirmed AT&T's plans to become the first carrier to offer 5G connectivity. The company plans to launch its new wireless standard later this year.
Business Tech January 4, 2018
Google is selling yet another one of its previous acquisitions. This time it’s Zagat, a restaurant listing and review service it purchased back in 2011.
Business Tech January 4, 2018
Microsoft continues to make a large push into cloud computing. This time, the company bought Pittsburgh-based hybrid storage tech company Avere System to beef up Azure.
Business Tech January 4, 2018
In order to build brand loyalty and look toward future purchases, Google and Amazon deeply discounted their smart speakers. This move, while gainful in the long term, means short-term losses.
Business Tech January 5, 2018
Wixen Music Publishing filed a lawsuit against Spotify, seeking $1.6 billion in damages. The legal action is bad news for the music streaming service, which is going public this year at a value of as high as $20 billion.
Business Tech January 3, 2018
Amazon shipped more than 5 billion items worldwide under its Amazon Prime membership program in 2017. The Amazon Prime Best of 2017 announcement also highlighted the rise in popularity of the Instant Pot, among several other interesting tidbits.
Business Tech January 3, 2018
Bitcoin continues to dominate the market for cryptocurrency, but recently, Ripple rose to become the second most valuable cryptocurrency. It recently overtook Ethereum in market share.
Business Tech January 3, 2018
Tech analyst Gene Munster is predicting that Amazon will buy Target in 2018. Amazon already bought Whole Foods, and according to the prediction, it's not done with traditional retailers.
Business Tech January 3, 2018
Smart lock startup Otto had no choice but to suspend its operations for now after its plans went wrong. The smart lock won't ship as scheduled at all, so here's what happened.
Business Tech January 2, 2018
Financial analysts predicted a 40 percent chance that Netflix will be acquired by Apple. Donald Trump's tax reform will likely spur the company to buy out the video streaming service.
Business Tech January 4, 2018
President Trump is continuing his battle with Amazon. This time Trump takes to Twitter to share some grievances he has with Amazon and the United States Postal Service.
Business Tech January 1, 2018
Amazon recently acquired Blink, a startup that makes smart cameras and video doorbells. The company is expected to expand its ecosystem and dive deeper into the smart home market, which is estimated to grow to $53.45 billion by 2022.
Business Tech December 31, 2017
Bitcoin's recent volatility after a period of sharp rises is forcing South Korea to make changes. The cryptocurrency's widespread popularity in the country worries lawmakers.
Business Tech December 30, 2017
A system error reportedly generated a $284 billion electricity bill for a Pennsylvania resident. The power company eventually confirmed that it was an incorrect amount caused by an unknown glitch.
Business Tech December 29, 2017
Apple just awarded Tim Cook with a huge pay hike. The CEO will be also be required to travel by private jet moving forward.
Business Tech December 28, 2017
Bitcoin and other cryptocurrencies saw a large drop at the end of last week. Prices have been steadily rising but not to the record-highs seen before.
Business Tech December 27, 2017
A sex trafficking sting made interesting reveals including the fact that employees from Microsoft, Amazon, and other tech companies used their work emails to buy prostitution services. The companies say it's against their policies.
Business Tech December 26, 2017
Cryptocurrency is a volatile investment. With prices soaring people who recently bought into the market are experiencing a hard crash.
Business Tech December 25, 2017
Facebook just made a deal with Universal Music Group. This means that soon, Facebook users will be able to upload videos with copyrighted music and not get taken down afterward.
Business Tech December 24, 2017
Authorities suspect North Korea is involved in the latest cyber attack incident. Hackers targeted a South Korean cryptocurrency exchange company named Youbit, which filed for bankruptcy after the attack.
Business Tech December 22, 2017
The Amazon and Google battle has gone a step further with Amazon filing a trademark for “AmazonTube.” This came after Google pulled YouTube service from Amazon devices.
Business Tech December 23, 2017
The Court of Justice of the European Union just issued its final verdict in a multi-year case, classifying Uber as a transport service. This means that Uber has to comply with tighter transport regulations in the EU Member States.
Business Tech December 20, 2017
Samsung's projected earnings are estimated to reach up to $22 Billion in 2018. Apple continues to source its OLED components from the aforementioned company for the iPhone X.
Business Tech December 21, 2017
The team behind the Virgin Hyperloop One startup announced their latest milestone. The energy-efficient experimental transport system reportedly broke its previous speed record.
Business Tech December 21, 2017
Heads up, Spotify, Apple Music, and Tidal: YouTube is going to enter the already-crowded music streaming space. The company has just signed a deal with two top music labels, indicating a possible 2018 launch.
Business Tech December 20, 2017
HQ Trivia cofounder Colin Kroll has exhibited creepy behavior toward women colleagues, on top of bad managerial practices, according to sources. As a result, investors are stepping away from investing in the app.
Business Tech December 19, 2017
The secretive Magic Leap just demoed an interactive music experience that it designed with Icelandic rock band Sigur Rós. Per usual, the mixed reality company is tight-lipped on specific details about its hardware.
Business Tech December 20, 2017
The court received new evidence that revealed some of Uber's unlawful activities. Another ongoing investigation plans to use the evidence for the company's lawsuit with Waymo.
Business Tech December 16, 2017
Amazon and Google are in 'productive discussions' as Chromecast product listings go up on Amazon again. That could mean that YouTube is going to stay on the Fire TV and return to the Echo Show.
Business Tech December 15, 2017
Music streaming service Tidal is in dire financial straits, reports say. Apparently, the company has only enough money to last six months, despite a sizeable investment from Sprint earlier this year.
Business Tech December 14, 2017
Uber charged a rider in Canada 18,000 Canadian dollars or $14,000 for a 20-minute trip. The 5-mile ride was supposed to be around $20 only.
Business Tech December 13, 2017
Rumors of an Apple acquisition of Shazam started circling last week, and Apple has now confirmed the deal. The company has not disclosed the financial details but says it has 'exciting plans in store.'
Business Tech December 12, 2017
Amid dwindling demand for fossil fuel-based energy sources, General Electric is trying to refocus and stabilize its power unit. In the process, GE plans to cut 12,000 jobs from its global power business.
Business Tech December 7, 2017
Former Volkswagen executive Oliver Schmidt got seven years in prison and a $400,000 fine for his role in the 'Dieselgate' emissions fraud. The executive had made a plea deal back in August and this was the maximum sentence under plea.
Business Tech December 7, 2017
Mozilla decided to walk away from a contract with Yahoo and switch the Firefox default search engine to Google. The move triggered a lawsuit from Oath, which now includes Yahoo, with Mozilla firing back with a complaint of its own.
Business Tech December 6, 2017
Facebook was again included in Glassdoor's list of the 'best places to work' in 2018. The social media giant managed to nab the top spot across various industries beating the likes of Google, HubSpot, and LinkedIn.
Business Tech December 7, 2017
The Winklevoss Twins, who became famous when they sued Facebook founder Mark Zuckerberg in 2004, are now officially Bitcoin billionaires as bitcoin trading surged over 10,000 percent during the final week of November.
Business Tech December 4, 2017
Elon Musk's largest lithium-ion battery installation in South Australia is now up and running. The clean energy project is set to provide power to not less than 30,000 homes across the region.
Business Tech December 2, 2017
Elon Musk as the creator of bitcoins steers up again. A former SpaceX intern blogged about the possibility that Elon might be the real Satoshi Nakamoto.
Business Tech December 2, 2017
A former staffer claimed that Uber had a team dedicated to stealing trade secrets, with employees using a messaging system that left no paper trail. U.S. District Judge William Alsup then indefinitely postponed the trial between Uber and Alphabet's Waymo.
Business Tech November 29, 2017
SoftBank and a group of investors are looking to buy Uber shares at a price that values the ride-hailing company at a 30 percent discount. According to an analyst, the low price takes into consideration all the controversies surrounding Uber.
Business Tech November 28, 2017
Epic Games sued a 14-year-old minor for cheating in video game 'Fortnite,' but the teen's mother is fighting back. She said her son is being used as a 'scapegoat,' and highlights that the game developer violated state laws.
Business Tech November 28, 2017
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