Private investors are more bullish on Spotify’s prospects, after the music streaming company posted growing revenue and margins in the first half of the year, according to a Thursday report in The Information. Spotify’s results for the first 6 months of the year: Revenue: $2.2 billion, on pace to grow 40 percent year-over-year by the […]

Alphabet Waymo sought at least $1 billion in damages and a public apology from Uber as conditions for settling its high-profile trade secret lawsuit against the ride-services company, sources familiar with the proposal told Reuters. The Waymo self-driving car unit also asked that an independent monitor be appointed to ensure Uber does not use Waymo […]

Equifax said on Thursday it has taken one of its customer help web pages offline as its security team looks into reports of another potential cyber breach at the credit reporting company, which recently disclosed a hack that compromised the sensitive information of 145.5 million people. The move came after an independent security analyst on […]

Despite all the hype around initial coin offerings this year, U.S. regulators have yet to offer specific rules on what’s legal and what isn’t. So a growing number of crypto start-ups are taking compliance into their own hands. Since early August, at least nine companies have filed token sales with the SEC to raise a […]

The iconic billionaire founder and CEO of electric vehicle powerhouse Tesla, Elon Musk, reveals he owns two cars that run on gasoline. Musk has a Ford Model T, which a friend gave him, and a Jaguar Series 1 1967 E-type Roadster, he says, via Twitter. Both cars (not Musk’s) are pictured below. Apparently referring to […]

Google will invest $1 billion over the next five years in nonprofit organizations helping people adjust to the changing nature of work, the largest philanthropic pledge to date from the Internet giant. The announcement of the national digital skills initiative, made by Google CEO Sundar Pichai in Pittsburgh, Pa. Thursday, is a tacit acknowledgment from […]

With bitcoin hitting a new all-time high in early trading Thursday, investors might be wondering whether they should venture into the developing world of cryptocurrency. Tread with caution. Bitcoin reached $5,231.28 on the news that China might reverse its recent shutdown of cryptocurrency exchanges, surpassing its previous high of $5,013.91 hit on Sept. 2. Year […]

Facebook should hire more people instead of relying on machines to detect the presence of fake accounts and bullying on its social network, CNBC’s Jim Cramer said Thursday. In an interview Thursday with Axios, Facebook Chief Operating Officer Sheryl Sandberg said the social media giant has invested heavily in machine learning to find “bad actors” […]

Investors are under-estimating Netflix’s ability to charge more for its video streaming service, according to a top Wall Street firm. Bernstein reiterated its outperform rating on the company’s shares, predicting Netflix will thrive from its recent price increases without any big detrimental effects. “Looking at the history of past Netflix price increases, the impact on […]

Amazon is winning the smart home speaker battle. New data from Strategy Analytics suggests that Amazon’s Alexa smart assistant is beating Google in the home. Strategy Analytics found that Amazon Alexa will be on 68 percent of all smart speakers by the end of the fourth quarter of 2017. This includes Echos built by Amazon […]