In late 2013, Snap CEO Evan Spiegel reportedly rebuffed a $3 billion takeover offer from Mark Zuckerberg. Now the Facebook CEO is having the last laugh. This week, Snap shares fell sharply below their IPO price of $17 a share, after one of the investment banks that helped take the company public downgraded its stock […]
Read moreAn unidentified man held up a sign saying “buy bitcoin” during Fed Chair Janet Yellen‘s testimony Wednesday before the House Financial Services Committee. Bitcoin subsequently climbed toward session highs and traded 3.5 percent higher, at $2,415, as of 1:03 p.m. ET, according to CoinDesk. Yellen was speaking during the first round of the Fed’s semi-annual […]
Read moreFacebook CEO Mark Zuckerberg pledged his support for net neutrality protections on Wednesday, offering to work with members of Congress on the law. “If a service provider can block you from seeing certain content or can make you pay extra for it, that hurts all of us and we should have rules against it,” Zuckerberg […]
Read moreAdvancements in technology and globalization are chipping away at America’s middle class, Federal Reserve Chair Janet Yellen said Wednesday. In an appearance before the House Financial Services Committee, Yellen said if the U.S. looks at the flight of jobs and wages from middle-class families, it must take into account how automation has eliminated several lower-skilled […]
Read moreDespite a recent HR crisis and looming trial with Alphabet, Uber’s business improved so far this year, according to a report Bloomberg. The preview of Uber’s second-quarter results, shared on a conference call with investors, indicate that Uber is collecting more money in fares and is narrowing losses, people familiar the matter told Bloomberg. Q2 […]
Read moreWhen Apple introduced iOS 11, it didn’t mention a broadcast feature that just popped up in a new beta of the software that’s bound for iPhones and iPads this September. It did, however, note that users will be able to record their screens — useful for folks who like to share tips and tricks on […]
Read moreThe Amazon Echo Dot was the most sold product during Amazon Prime Day, the company said Wednesday. Amazon said that total revenue increased more than 60 percent from last year, making it the most successful Prime Day to date. The Echo Dot helped it achieve that milestone. The discounted Echo Dot outsold thousands of items […]
Read moreSoftware developers are impressed with Facebook’s lead over Snapchat’s platform, which may signal more bad news for Snap, according to advertising mogul Martin Sorrell. “If you went to the app developers’ conference on the West Coast, at Facebook, the people who I spoke to came away from that saying that Facebook was very successfully countering […]
Read moreAmazon shares once again crossed the $1,000 mark after the company reported Wednesday that its third annual Prime Day event was its “biggest sales day ever.” While Amazon, didn’t disclose any specific sales figures, it said sales rose more than 60 percent from the same 30-hour period last year. After the announcement, Amazon shares traded […]
Read moreShares of PayPal hit an all time high of $56.99 on Wednesday thanks to a new company partnership with Apple. PayPal announced early Wednesday that iPhone and iPad users can now use PayPal to make purchases in the iTunes App Store. The deal will help PayPal generate new revenue and attract customers who might still […]
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