When Practice Fusion, a medical records start-up, sold to AllScripts for $100 million this month, it was a massive disappointment for employees and investors. Only two years earlier, their stock in the company was reportedly worth 15 times the purchase price. Start-ups crash and burn all the time. It’s an inherent risk and one that’s […]
Read moreAmazon’s cloud business has acquired Sqrrl, a cybersecurity start-up that spun out of the National Security Agency. The deal, which Sqrrl confirmed on Tuesday, comes as Amazon Web Services aims to pick up more business from U.S. intelligence agencies. In November AWS announced the formation of a “secret” region of data centers meant to handle […]
Read moreIt used to be an unspoken rule for investors to sell stocks at the first sign of negative news, but sometimes, the rules have to change, CNBC’s Jim Cramer said Tuesday. “This time is indeed different, which means you can’t take your cue from the playbook that worked in more troubled times,” the “Mad Money” […]
Read moreConsumer companies have tried all sorts of campaigns to reconnect with the millennial generation, but the social media infamy of the “Tide Pod Challenge” is not the sort of marketing Procter & Gamble would have liked. Since Dec. 23, “Tide Pod Challenge” has received a total of 435,119 mentions on social media, according to Andy […]
Read moreFacebook is buying Boston-based software company Confirm, which specializes in authenticating government-issued identification cards, a person familiar with the acquisition said on Tuesday. Confirm, which says on its website that it has more than 750 clients, will wind down its operations and its employees will join Facebook in Boston, the source said. Terms of the […]
Read moreApple on Tuesday took the next step toward protecting Mac users from recently disclosed security vulnerabilities that have been shown to affect many kinds of devices. The move brings Apple closer to being on par with Microsoft in terms of deploying protections for older versions of its desktop operating systems. On Tuesday Apple said it […]
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Apple rolled out an update for iPhones and iPads on Tuesday, iOS 11.2.5, which lets you ask Siri to play a variety of news content. It builds on a feature introduced in the last update, iOS 11.2.2, which let you ask Siri to recite the news but was limited to content from select sources. Now […]
Read moreSome Amazon sellers could soon get calls from Massachusetts state officials asking for unpaid sales taxes. On Tuesday, Amazon notified its marketplace sellers that the company has agreed to hand over important merchant information to the state of Massachusetts — including their federal tax ID numbers and the estimated value of inventory stored in Amazon’s […]
Read morePlayer interest in Activision Blizzard’s “Destiny 2” is dropping, which will hurt the game publisher’s add-on revenue this year, one Wall Street firm predicts. Cowen reiterated its market perform rating for Activision Blizzard shares, citing increasing evidence players are leaving the “Destiny” community. “While Call of Duty: WWII clearly had a great holiday, which likely […]
Read moreA report projecting weak iPhone X orders temporarily trimmed some of Apple’s stock growth on Tuesday. J.P. Morgan analyst Narci Chang wrote in a research note that “high-end smartphones are clearly hitting a plateau this year.” The note went on to predict that manufacturing of the iPhone X — the latest flagship phone — might […]
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