Ahead of its earnings later today, Amazon stock hit an all-time high during intraday trading and with it CEO Jeff Bezos’ estimated wealth hit $90.9 billion, Bloomberg reports. This number pushes the net worth of the Amazon founder past that of Microsoft founder Bill Gates, still sitting pretty with $90.7 billion, earning Bezos the title […]
Your data is in demand: just about everyone, from hackers and scammers to multinationals and governments wants it. How can you keep it safe? How can we set limits on tracking, advertising, and the fast-advancing field of data-sucking AIs? And what does the situation look like from the side of the companies and adversaries? Those […]
Twitter reported its second-quarter earnings today, and it did not go over well. As a result, the stock is down more than 12% in trading today — which is a very Twitter thing to happen, so to speak. Here’s the chart, which could pretty much be summed up with a : Today also wiped out […]
Peer5, which helps publishers stream video to large audiences, is announcing that it has raised $2.5 million in seed funding. I wrote about the startup earlier this year when it was part of Y Combinator. CEO Hadar Weiss said he raised the funding after YC Demo Day from investors including FundersClub, Oriza Ventures, Tank Hill Ventures, […]
Sporting stars have followed Hollywood and music industry celebrities into the world of startups and tech investing, but until now the world’s biggest soccer player, Cristiano Ronaldo, has played the tech ball close to his feet. Not any more. The highest paid player in the world has bought the lion’s share of one of Portugal’s […]
Dish’s streaming service for cord cutters, Sling TV, will host its first ever pay-per-view event this weekend, by offering coverage of UFC: 214: Cormier v. Jones 2. The fight between former titleholder Jon Jones and current champion Daniel Cormier is taking place on Saturday, July 29 at the Honda Center in Anaheim, Calif. Access to […]
Here’s a sentence I never expected to write: BuzzFeed is making its first smart appliance, the Tasty One Top, available for pre-order. It sounds a little weird for a digital media company to try to sell you a fancy hot plate, but this is part of BuzzFeed Product Labs, which was created last year following […]
Google Play Music and YouTube Red will be merged to create a new streaming service, according to a report from The Verge, which Google then essentially confirmed with a statement indicating that changes are not taking place immediately. The company said users would receive plenty of notice before any changes were made, and noted it […]
I’m reviewing the transcript in my notes of Twitter’s second-quarter earnings call — which definitely did not go well, with the stock crashing more than 10% — and it seems like Twitter is beating the drum very hard on its daily active user growth. The company is regularly referring to double-digit growth in its DAU […]
Sometimes combining two companies that compete in the same market provides a quick way to leapfrog your market share. That was likely the thinking behind Mitel’s decision to buy ShoreTel this morning for $430 million. Combining the two companies catapults Mitel to number two in the Unified Communications as a Service (UCaaS) market, according to […]