Green Dot Purchases Russell Simmons' Prepaid RushCard For $147 Million

Green Dot has purchased Russell Simmons’ prepaid debit card business, RushCard, for $147 million. RushCard made news in 2015 when a computer glitch prevented thousands of cardholders from accessing their own money.

Business January 31, 2017

Fitbit Confirms Workforce Reduction, To Lay Off 110 Employees

Fitbit confirmed its rumored plans of laying off 110 people from the company. The disappointing Q4 2016 results are being cited as the reason for the reduction in workforce.

Business January 31, 2017

Razer Acquires Nextbit: What Will The Video Game Hardware Company Do To The Cloud-Based Robin Smartphone?

Video game brand Razer has acquired Nextbit, the startup behind the cloud-based Robin smartphone. What will happen to the Robin after the transaction, and what could be coming next for Razer?

Business January 31, 2017

Starbucks Answers Trump Immigration Ban With Pledge To Hire 10,000 Refugees Over The Next 5 Years

U.S. President Donald Trump's executive order continues to make waves and meet increased opposition. In response to the immigration ban, Starbucks has now pledged to hire 10,000 refugees over the next five years, starting in the United States.

Business January 30, 2017

Mobile Search, YouTube Drive Alphabet’s Strong Q4 Growth

Alphabet, Google’s parent company, has reported a total revenue of $26.1 billion, a 22 percent rise over 2015’s $21.33 billion revenue. Mobile search and YouTube surface as its primary growth drivers.

Business January 30, 2017

Apple, Facebook, Google, Microsoft And Other Silicon Valley Companies Denounce Immigration Ban

Several companies in the United States have denounced the immigration ban brought forth by the executive order decreed by the Trump administration. Apple, Microsoft, Google, Facebook, and more have come forward to voice their thoughts.

Business January 30, 2017

Starbucks Sales Remain Slow, And Congestion In Stores May Be To Blame

Lower than expected Starbucks sales growth has been disclosed on Jan. 26, with part of the blame pinned on congestion inside stores that push some customers to leave without a purchase. Blame it on mobile order-and-pay, too.

Business January 27, 2017

Ex-Android Senior And Xiaomi Global VP Hugo Barra Joins Facebook To Lead Team Oculus, VR Efforts

Facebook has tapped former Xiaomi global VP Hugo Barra to lead its virtual reality efforts. Barra will join Facebook as the new vice president of virtual reality, in charge of Team Oculus.

Business January 26, 2017

T-Mobile Employees Report Predatory Work Culture: Unscrupulous Sales Reps Push Bill Cramming And Fraudulent Practices

Former and current T-Mobile employees claim that T-Mobile encourages fraudulent practices and a predatory work culture. T-Mobile bill cramming is reportedly common and many customers are charged extra or tricked into getting unwanted services, according to a new report.

Business January 26, 2017

Cisco To Acquire AppDynamics For $3.7 Billion: Software Maker Snapped Up Right Before IPO

Cisco has agreed to purchase software maker AppDynamics for $3.7 billion. The acquisition comes right before AppDynamics was supposed to go public in the first tech IPO for the year.

Business January 25, 2017

This Is How Silicon Valley’s Super-Rich Gear Up For The Apocalypse

The survivalism movement can count the ultra-wealthy from Silicon Valley to Wall Street among its staunch members. Know the various doomsday preparations of some of today's leading tech executives.

Business January 24, 2017

Yahoo Acquisition By Verizon Still Happening, Just Delayed Amid Fallout From Security Issues

Yahoo surpassed performance forecasts for the fourth quarter of 2016. This is a much-needed bright spot for the company, which has pushed back the completion of its sale to Verizon amid the fallout of several security issues.

Business January 24, 2017

Xiaomi Global VP Hugo Barra Resigns, Returning To Silicon Valley After Chinese New Year: What Next?

Hugo Barra, the former Android executive who left Google to lead Xiaomi's international expansion, has now announced plans to leave Xiaomi and return to Silicon Valley. Barra will depart from the company next month, after the Chinese New Year.

Business January 23, 2017

Sony To Sponsor Bootcamp For Girls Interested In Tech, Video Game Industries

To promote diversity in the technology and video games industries, Sony's PlayStation brand will sponsor a bootcamp for girls. The bootcamp, which will run for six weeks, is for girls aged 11 years old to 14 years old.

Business January 23, 2017

Microsoft Layoffs: 700 Employees Reportedly Getting Axed Next Week

Microsoft reportedly plans to announce 700 layoffs next week when it reveals its quarterly earnings. The job cuts will span across various divisions within the company's worldwide offices and businesses in a bid to update skills, not cut costs.

Business January 21, 2017

AT&T DirecTV Got More Than 200,000 Subscribers In December, Its First Month Of Going Live

In a report submitted to the Securities and Exchange Commission, AT&T disclosed that DirecTV Now has gained 200,000 subscribers a month after its launch. This number only involves paying customers.

Business January 22, 2017

Virtual Amazon Dash Buttons Make Shopping Easier: One-Click Purchase Straight Off Amazon Homepage

Amazon has launched virtual Dash buttons, making it even easier to reorder items. With virtual Amazon Dash buttons now front and center on the retailer's homepage and mobile app, favorite purchases are one click away.

Business January 21, 2017

How Mark Zuckerberg's Facebook Profile Stays Squeaky Clean: It's All Thanks To His PR Team

Mark Zuckerberg is committed to changing his image from an intense hoodie-wearing billionaire to a more mature and charismatic titan of industry -- all with the help of his Facebook PR team, of course.

Business January 21, 2017

AT&T Losing More Customers Than Other Carriers

AT&T has lost most of its postpaid subscribers when compared with any other carrier, according to analysts. The upgrade and activation fee hike may have contributed to the network operator losing customers.

Business January 20, 2017

Walmart Opens 10,000 New Retail Jobs In The US In 2017

Retail company Walmart has revealed plans to create 10,000 new retail jobs in the United States this year, joining large companies such as General Motors and Amazon in committing to enhancing domestic employment.

Business January 18, 2017

Facebook Announces Startup Garage Incubator At Station F Campus In Paris

Facebook has officially announced that it's among the first Station F partners, opening a Startup Garage incubator at the Paris campus. Station F will open in April, aiming to serve as the world's biggest startup campus.

Business January 18, 2017

Microsoft's Top Executive Steps Down To Join Baidu

Microsoft executive Qi Lu has stepped down from the company to join Baidu as COO. With Qi Lu on board, Baidu is optimistic that he will help the company in propelling its AI ambitions.

Business January 17, 2017

Amazon Will Soon Accept Food Stamps Online

Amazon will take part in the U.S. Department of Agriculture's latest program on food stamps: the SNAP Online Purchasing Pilot. Food stamp recipients will soon be able to purchase groceries online from Amazon.

Business January 31, 2017

Foxconn, Sharp May Still Build An LCD Manufacturing Plant In The US: Report

Sharp states that it is carefully considering the possibility of building an LCD facility in the United States. Some sources estimate that it will cost around $8 billion if it will be as large as the similar Sharp LCD facility in Guangzhou, China.

Business January 16, 2017

Amazon To Add 100,000 Jobs In The United States Over Next 18 Months: Should Credit Go To Trump?

Amazon plans to add 100,000 full-time jobs in the United States over the next 18 months, and the team of President-elect Donald Trump was quick in taking credit. However, the jobs might not be what Trump wanted in his campaign.

Business January 13, 2017

United Retires Jumbo-Jet Icon Boeing 747 Ahead Of Time

In a memo to its workers, United Airlines announces the accelerated retirement of its Boeing 747 fleet, called the "Queen of the Skies," once symbolizing what's edgy and advanced in air travel.

Business January 12, 2017

Instagram Stories Gets Full-Screen Ads As Daily User Base Reaches 150 Million

Instagram began embedding non-intrusive ads into its users Stories beginning Jan. 11. They contain unclickable promotional contents that will be paid according to the impressions they generate.

Business January 12, 2017

Walmart App Lets Buyers Scan Items While Shopping And Skip Checkout Lane

Tired of queuing up at long lines at your local Walmart? The company has relaunched an app that allows you to check out and pay for your groceries without having to wait for a cashier to become available.

Business January 11, 2017

Sonos CEO Steps Down After 14 Years Due To Heated Smart Speaker Competition

Sonos' John MacFarlane has already tendered his resignation after 14 years serving as the company's CEO. He will also relinquish his board seat, merely staying as a mentor for the company's employees.

Business January 11, 2017

US-Based Snapchat Setting International Headquarters In Post-Brexit UK, Marking An Odd Move

While other tech firms such as Google, Facebook and Uber settle in countries with lower tax rates, Snap is making an odd move. Snapchat's parent company has decided to set its international headquarters in post-Brexit UK.

Business January 10, 2017

Sharp Gearing Up To Begin iPhone OLED Production In 2019

Sharp is reported to set up an OLED manufacturing plant in Zhengzhou, China, which will produce OLED panels for future iPhones. The factory will begin production in two years from now.

Business January 10, 2017

Alibaba Looks To Create 1 Million New Jobs In US, Billionaire Founder Jack Ma Tells Trump

Jack Ma, the billionaire founder of the Alibaba Group, had a 'great meeting' with President-elect Donald Trump. Alibaba is looking to create 1 million new jobs in the United States.

Business January 10, 2017

Samsung Shares Hit New Record High Despite Galaxy Note 7 Recall

By scoring a record high in the stock market, Samsung Electronics has bounced back and won over the confidence of its investors. With its Galaxy S8 set to release soon, Samsung seems to be on track to generate profits.

Business January 9, 2017

Sears, Kmart And Macy's Are Closing Down Stores: Here's A Full List Of Where They'll Shut Down

While many online businesses thrive, some of the more established businesses are not always able to keep up. Sears, Kmart and Macy's are the biggest examples of that -- the retailers will be closing down stores.

Business January 6, 2017

Tesla Motors' $5 Billion Gigafactory Now Online: World's Biggest Factory Starts Battery Production

The $5 billion Gigafactory is now online as Tesla Motors has initiated the mass production of lithium-ion battery cells at the facility. The move was made despite the fact that less than 30 percent of the Gigafactory's structure is completed.

Business January 4, 2017

More Twitter Executives Leaving: China Boss Kathy Chen Is The Latest To Depart

Twitter's Greater China managing director, Kathy Chen, has announced her departure over the weekend. Chen is the fifth Twitter executive to leave the company in the past few months.

Business January 3, 2017

Carpooling Services UberPOOL And Lyft Line Could Put NYC Taxis Out Of Business, MIT Study Finds

Three thousand four-person cars executed via ride-sharing services could serve 98 percent of New York City’s transportation infrastructure, according to an MIT study. Could it potentially replace traditional cabs?

Business January 3, 2017

Uber And Lyft Address Discrimination Concerns, Explaining Their Practices: Here's The Deal

Uber and Lyft have officially responded to a letter Senator Al Franken sent last month, following a study that pointed out discriminatory cases. The companies explained their practices and pledged to take further steps to combat potential discrimination.

Business December 30, 2016

Tech IPO Expected To Pick Up In 2017: Snap, Uber, AirBnb And More

Market analysts predict that Snap Inc. will open the floodgates for the tech IPOs once it goes public in March next year. Companies such as Uber and Spotify are expected to jump on the bandwagon afterwards.

Business December 30, 2016

Amazon Patents Flying Warehouse That Delivers Parcels In Minutes Via Drones

Amazon has a new patent for 'airborne fulfillment centers,' basically detailing flying warehouses. The AFCs would be stocked with various items and ready to deliver parcels in minutes via drones.

Business December 30, 2016

45,000 Robots Keep Things Moving At Amazon Warehouses

Amazon makes packing and shipping items more efficient with the perfect mix of human and robot interaction

Business December 31, 2016

Facebook Acquires The Eye Tribe: How Will The Eye-Tracking Startup Improve The Oculus Rift?

Facebook has acquired The Eye Tribe, which is an eye-tracking technology startup. The social media company made the acquisition to further improve the capabilities of the Oculus Rift virtual reality headset.

Business December 29, 2016

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