Morgan Stanley has a new report out for investors that outlines how Amazon‘s potential push into pharmacy would benefit consumers. In the first phase, the authors speculate that Amazon could open “virtual retail pharmacies,” leveraging its Prime Now network for millions of U.S. consumers to buy drugs online. “Amazon could use a lighter brick and […]
Read moreFacebook chief operating officer Sheryl Sandberg will meet with the U.S. House of Representatives Intelligence Committee behind closed doors on Thursday, according to three sources familiar with the situation. The committee is one of the main congressional panels investigating allegations of Russian interference in the 2016 presidential election. It recently received more than 3,000 politically […]
Read moreThe personal nature of Facebook‘s platform means that the company has more responsibility than other technology giants when it comes to the 2016 election, technology investor Roger McNamee told CNBC’s “Squawk Alley” on Wednesday. And he says he warned the company of as much over a year ago. McNamee told CNBC that he personally warned […]
Read moreAfter almost ten years, start-up GitHub has become essential to software developers, who use it to store code, keep track of updates and discuss issues. GitHub is the rare instance of a successful “bottom-up” start-up, where individual users popularized the product before it penetrated into businesses. While plenty of independent coders still rely on it, […]
Read moreDuring the Oculus Connect 4 developer conference on Wednesday, Facebook CEO Mark Zuckerberg announced the Oculus Go, a standalone VR headset that will cost $199 and launches later this year. Zuckerberg didn’t talk much about the product but noted that it will fill an important void between mobile VR headsets, which don’t offer advanced features […]
Read moreNetscape founder Jim Clark wants to secure your mansion before Google can get around to it. The entrepreneur and investor is getting into the building management system market with his new venture, CommandScape, and he’s not worried about existing, smaller systems, he told CNBC’s “Squawk Alley” Wednesday. “I don’t actually think about Nest,” Clark said. […]
Read moreNvidia’s strong competitive position in the artificial intelligence market is unmatched, according to a top Wall Street firm. Goldman Sachs reiterated its buy rating on the chipmaker’s shares and raised its price target to the second highest of the 33 analysts who cover the stock, saying Nvidia’s products will continue to dominate the machine learning […]
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Lyft has delivered its 500 millionth ride — a milestone that speaks to the company’s growth this year. To put it in perspective, Uber celebrated its 5 billionth ride earlier this year, but it operates in nearly 85 countries. Lyft operates only in the US and has been making significant inroads. According to data from […]
Read moreGeneral Motors is “well positioned” as a future mobility leader thanks to its extensive autonomous vehicle (AV) research and production, UBS research said. UBS reiterated its buy rating on the motor company’s shares and raised its price target, citing GM’s leadership in developing automotive technology through its AV unit as well as opportunities in the […]
Read moreJPMorgan CEO Jamie Dimon has been publicly dismissive of bitcoin, calling it a “fraud” that will not survive. “It’s just not a real thing, eventually it will be closed,” Dimon said at the Delivering Alpha conference in September presented by CNBC and Institutional Investor. “It won’t end well. Someone is going to get killed.” But […]
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