GoPro lowered guidance Monday and confirmed that it will lay off of at least 250 employees. The company also said it was leaving the drone business, citing future regulation and intense competition, ending sales of its Karma drone camera. Founder and CEO Nick Woodman will reduce his cash compensation to $1 for 2018, according to […]
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Shares of Pandora fell more than 4 percent in the premarket Monday after Morgan Stanley downgraded the stock and raised concern about the company’s revenue growth for 2018. “Growing ad revenue in ’18 is no longer a given as Pandora faces engagement and monetization challenges,” said analyst Benjamin Swinburne, who lowered his rating on the […]
Read moreAnother Wall Street firm is getting less bullish on Snap. Jefferies on Sunday lowered its rating for Snap shares to hold from buy, citing the company’s full valuation. “We continue to have optimism around Snap’s platform, but fundamental execution needs to be shown before we can be more positive on the name,” analyst Brent Thill […]
Read moreMarket capitalization has become an obsession with many cryptocurrency watchers. It refers to the value of the entire digital currency in circulation and is worked out by multiplying the supply of the virtual coin by the price per unit. With bitcoin, the largest cyrptocurrency by market cap, having a quiet start to the year, many […]
Read moreSpaceX successfully launched a secret U.S. government payload called Zuma on Sunday and landed its rocket back on Earth, in the company’s first mission of 2018. The Zuma spacecraft was attached to one of SpaceX’s Falcon 9 rockets. It was launched into orbit from the Cape Canaveral Air Force Station in Florida. The Falcon 9 […]
Read moreNvidia has partnered with Uber, Volkswagen and China’s Baidu in driverless cars, as the chipmaker looks to expand its presence in the autonomous driving space. Ride-hailing service Uber will use Nvidia’s chips for its artificial intelligence (AI) computing system in its fleet of self-driving cars, the companies said at the Consumer Electronics Show (CES) in […]
Read moreBig banks might not be jumping on the bitcoin bandwagon just yet, but other institutional investors are likely to warm up to cryptocurrencies this year. “I think there is caution, but it depends on which sort of institutions you’re talking about,” Michael Casey, senior advisor at the Digital Currency Initiative at MIT Media Lab, told […]
Read moreA cryptocurrency that was created as a parody and named after an internet meme now has a market value of more than $2 billion. Dogecoin crossed the $2 billion barrier on Sunday, around two weeks after it first touched the $1 billion level on Christmas day. The digital currency traded as high as $0.018773, putting […]
Read moreApple shareholders Jana Partners and the California State Teachers’ Retirement System are urging the smartphone maker to take steps to address what they say is a growing problem of young people getting addicted to Apple’s iPhones, Jana partner Charles Penner said. Jana, a leading activist shareholder, and CalSTRS, one of the nation’s largest public pension […]
Read moreTwo thirds of people who use digital voice assistants like the Amazon Echo or Google Home use their smartphones less often, according to a new survey published by tech consultancy Accenture. The results suggest that the next big wave of consumer technology will be centered around these digital assistants, and may spell trouble for smartphone […]
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