Netflix passed Disney in market value and is now the most valuable media company in the world. Shares of Netflix rose 1.8 percent Thursday, reaching a market value of $152.6 billion, according to FactSet. Disney’s stock fell 1 percent and now has a market value of $151.8 billion. Market values of Netflix, Walt Disney and […]
Read moreWhether or not Crowdstrike’s cloud-based endpoint security platform will be snatched up by Google, Microsoft, or Amazon remains to be seen, but its co-founder and CEO George Kurtz said “it certainly could be.” On CNBC’s “Squawk Box” on Thursday, Kurtz told Andrew Ross Sorkin that while there are no current plans in the works, there […]
Read moreFederal investigators say the autonomous Uber SUV that struck and killed an Arizona pedestrian in March spotted the woman about six seconds before hitting her, but didn’t stop because emergency braking was disabled. In a preliminary report on the crash, the National Transportation Safety Board said Thursday that emergency braking maneuvers are not enabled while […]
Read moreThe vast majority of Apple’s future revenue growth will be generated by its services, according to Morgan Stanley. The firm reiterated its overweight rating for Apple shares, saying investors are underestimating the strength of its App store business. “We counter the [Apple] bears, arguing that App Store growth is sustainable and take rates are defensible. […]
Read moreMicrosoft CEO Satya Nadella gave a philosophical response Thursday to the major challenges that are currently being faced by tech companies, underling the guiding principles that he and his firm follow. Speaking in front of an audience at the VivaTech conference in Paris, he said artificial intelligence (AI) is the “defining technology of our times.” […]
Read moreBest Buy, the No.1 U.S. consumer electronics retailer, posted a forecast-beating jump in quarterly comparable sales and earnings on Thursday, but online sales growth decelerated and shares dipped in pre-market trading. Best Buy’s sales at established stores rose 7.1 percent in the first quarter ended May 5, handily beating analysts’ average expectation for a 2.9-percent […]
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A start-up called Bowery Farming is putting an urban twist on agriculture, raising leafy greens and herbs in a high-tech warehouse a few miles outside of New York City, and celebrity chefs are starting to invest. Using a mix of software, cameras, lights and robotics, Bowery can control precisely how plants grow. CEO and co-founder […]
Read moreThe SUV slowly approaches an apartment complex in a quiet residential section of Miami Beach, Florida. On the second floor balcony, a group is gathered. Code Compliance Officer Vijma Maharaj approaches, her body camera recording, and tells them she has bad news. The apartment they rented on Airbnb is illegal. While tourist-dense South Beach, where […]
Read moreFacebook users will soon see a notice on their accounts asking them to review their privacy settings, as the company prepares for the rollout of new data protection rules in Europe. The alert, which starts appearing this week, asks users across the globe to reassess their preferences for the types of personal data Facebook can […]
Read moreThe U.S. Department of Justice opened a criminal probe into the possibility that traders are manipulating the price of bitcoin and other cryptocurrencies, according to a report from Bloomberg. The investigation surrounds the practice of spoofing — where an investor places orders that are intended to manipulate the price of an instrument — and flooding […]
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