Snap has sold about 150,000 of its camera glasses, called Spectacles, CEO Evan Spiegel said on Tuesday. Spiegel spoke to author Walter Isaacson at Vanity Fair’s fourth annual New Establishment Summit in Beverly Hills, California. But while Spiegel said the sales figure far exceeded internal expectations for the product, Isaacson argued it seemed like the […]
Read moreThe following is an excerpt from “The Four: The Hidden DNA of Amazon, Apple, Facebook and Google” (Oct. 3, 2017, Portfolio) by Scott Galloway: Firms try to build higher and higher walls to keep enemies (upstarts and competitors) from invasion. Business theorists call these structures “barriers to entry.” They are nice in theory, but increasingly […]
Read more
With a 64 percent year-to-date rally, Boeing is by far the best performer in the Dow Jones industrial average. And Todd Gordon of TradingAnalysis.com says the aircraft manufacturer is about to head even higher. Tuesday on CNBC’s “Trading Nation,” Gordon took a look at a chart of Boeing and pointed to two distinct gaps that […]
Read more
The digital coin industry is increasingly trying to find ways to curry favor with regulators on fundraisers known as initial coin offerings. “We are starting to see the self-regulation of this market, I think the taming of the Wild West,” said Marco Santori, head of fintech practice at Cooley and an advisor to the International […]
Read moreA San Francisco district judge on Tuesday granted Alphabet’s request to push back the trial date for its case against Uber over self-driving car technology. Waymo requested a delay after a key piece of evidence was made public, because the company said it now has a mountain of new evidence to go through, making an […]
Read moreYahoo, now part of Oath, said that every single Yahoo account was affected by a data breach that took place in 2013. Yahoo buried the stat in a recent update to its Account Security Update page. “Based on an analysis of the information with the assistance of outside forensic experts, Yahoo has determined that all […]
Read moreDiscovery Communications wants to become the “sports Netflix” for the European audience, said CEO David Zaslav. “ESPN is really just in the U.S., so we actually look at ESPN as an opportunity,” Zaslav told CNBC’s “Power Lunch” on Tuesday. “There are sometimes things that we could look at together, because we’re all of Europe, which […]
Read moreThe Blue Oval is getting a makeover. Ford CEO Jim Hackett and his leadership team are steering the automaker to drive greater profits on its most valuable products, trucks and SUVs, while turning away from less valuable areas like cars. At the same time, Ford plans to aggressively cut costs while investing more resources on […]
Read moreAllowing foreign governments to require reviews of software secrets of technology products built by U.S. companies is “problematic,” the top White House cyber security official said on Tuesday, adding that the increasingly common arrangements presented both security and intellectual property risks. Rob Joyce, the White House cyber security coordinator, said that letting countries inspect source […]
Read moreRoku’s post-IPO honeymoon appears to be over. Shares of the video streaming company fell 12 percent on Tuesday to $20.81 after dropping more than 11 percent on Monday. The stock has lost 30 percent of its value since reaching a high of $29.80 on Friday. Investors celebrated the IPO last week, lifting Roku shares up […]
Read more