After a series of twists and turns on Friday, Uber’s legal struggle with Alphabet‘s Waymo just got much simpler — in a way. Indeed, in a new legal filing, Uber argues the fight basically comes down to one star engineer and his $120 million bonus from Alphabet — which he allegedly really, really wanted. The […]
Read moreTesla’s stock closed up 1.4 percent Friday after the company updated its second quarter vehicle production report to include the number of vehicles on their way to be delivered. After incorporating in-transit data for the previous five quarters, Tesla omitted the stat in its July 3 report, causing concern for investors, who sent a deluge […]
Read moreBlue Apron is among the worst-performing IPOs year-to-date — and it’s only been one week. That’s according to Kathleen Smith, principal at Renaissance Capital, a manager of IPO-focused ETFs. “The trading on this has been just awful,” Smith said. “Some of it is the Amazon fear but that’s not the only thing. Some of it […]
Read moreWearable maker Jawbone has begun liquidation proceedings, said tech website The Information on Thursday, citing a person close to Jawbone. Founded in 1999, Jawbone was one of the early pioneers of Bluetooth wearables, even before the term “wearables” became widespread. While its demise now may be at hand — the company declined to comment to […]
Read moreIn a bygone analog era, lawmakers and corporate chiefs traveled great distances to swap secrets, to the smoke-filled back rooms of the World Economic Forum in Davos, Switzerland, or the watering holes at the annual Allen & Company conference in Sun Valley, Idaho. But these days, entering the corridors of power is as easy as […]
Read moreAbout nine out of 10 first-time guitar buyers will give up on the instrument, according to Fender. To convert new players into lifelong customers, the 71-year-old company is heading online and taking advantage of the 1.5 billion smartphones that were sold last year. “It’s inescapable,” said Ethan Kaplan, general manager of Fender Digital in Los […]
Read moreFacebook isn’t about to let Apple have all the glory of the best place to work in Silicon Valley. On Friday Facebook unveiled renderings and details about its plan for the 56-acre Menlo Science & Technology Park it bought in 2015 — and they’re certainly notable. Facebook envisions a pharmacy, a grocery store, and other […]
Read moreOne simple chart depicts what’s taking place in retail today, as many traditional players that once boasted impressive revenue growth now report slipping sales. Amazon, essentially, is “eating the retail world,” MKM Partners analyst Rob Sanderson wrote in a Friday note to clients. His chart shows Amazon, in the categories that the company serves, growing […]
Read moreA legal battle between Apple and supplier Qualcomm is getting nasty, but the drama hasn’t dethroned Apple in the eyes of Wall Street. Qualcomm waged another battle against the world’s most valuable public company on Thursday, suing to bar U.S. iPhone imports on the grounds of patent infringement. This week’s lawsuit was the latest in […]
Read moreConsumers are showing more interest in Apple‘s Siri-powered HomePod speaker than they did in the Apple Watch when that product debuted, according to new data from Raymond James. This suggests the HomePod will be a smash hit this holiday season. According to a research note published by Raymond James on Friday, 14 percent of iPhone […]
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