Apple confirmed on Monday that it would buy music recognition app Shazam. News of the deal was first reported by TechCrunch on Friday. No price was disclosed, but Recode has reported the price around $400 million, a significant discount from its last valuation, which was reportedly around $1 billion. “We are thrilled that Shazam and […]
Read moreOn a bitcoin bet, it’s the exchanges that will come out ahead, according to Alpha One Capital Partners founder Dan Niles. “You don’t go out and mine for gold, you go ahead and you sell the picks and the shovels,” Niles told CNBC’s “Squawk Alley” on Monday. “We don’t think it’s a real currency, but […]
Read moreThe launch of bitcoin futures on the Cboe Futures Exchange over the weekend was a “very big victory” for the digital currency, CNBC’s Jim Cramer said Monday. Bitcoin futures, trading under the ticker symbol XBT, debuted Sunday night on the Cboe. The futures price climbed 10 percent in the first two hours and triggered at […]
Read more“I do think that a significant portion of the population of developed countries, and eventually all countries, will have AR experiences every day, almost like eating three meals a day, it will become that much a part of you,” said Tim Cook, CEO of Apple in 2016. If Tim Cook is right, then Lumentum should […]
Read moreWild investment into the cryptocurrency market mirrors the record sum paid for the world’s most expensive painting last month, according to the creator of Ethereum. The cryptocurrency market has seen an unprecedented level of interest from investors this year. Bitcoin, the world’s largest digital currency, has risen more than 1,500 percent since the start of […]
Read moreUBS Wealth Management is not a believer in bitcoin becoming a legitimate currency even as the launch of futures lead some investors to believe the cryptocurrency will become a more stable market. “The bubble to end all bubbles continues. Cryptocurrencies only have value if accepted as currencies. However, they cannot be used for the most […]
Read moreGoogle’s new high-end smart home speaker, the Google Home Max, is now available for purchase. The speaker was first announced in October and is the highest-end smart speaker the company is currently selling. It should rival similar products from Sonos — including the Sonos PLAY:5 — thanks to two 4.5-inch speakers that will offer better […]
Read moreThe launch of bitcoin futures could “have a material negative impact on the price of bitcoin,” a well-respected technology analyst said Monday. With the futures, “investors will have an easier time betting against bitcoin,” and “investors could move towards trading futures contracts and out of bitcoin itself,” Gene Munster, co-founder of venture capital firm Loup […]
Read moreElectronic Arts will reinstitute in-game purchases in its “Star Wars Battlefront II” title despite recent wavering by one of its top executives, according to one Wall Street firm. Bank of America Merrill Lynch lowered its price target and profit forecasts for Electronic Arts shares due to poor sales of the “Star Wars” game. “EA has […]
Read moreApple appears to have caught up with iPhone X demand, and most models now ship from the company’s site in just a few days. MacRumors first noted the change in supply. In the United States, almost all models of the white and black iPhone X can be ordered today for delivery between December 13 and […]
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