IRS Rejects Yahoo's Tax-Free Alibaba Spin-off Request, Sending Stocks Down 4%
IRS rejects Yahoo’s plan for a tax-free Alibaba spin-off, which Yahoo hopes would have been a move to give back money to shareholders. Yahoo shares dropped 4% after the news.
Sep 09, 2015 10:59 AM EDT
Facebook Waits To Hit A Billion Users For Messenger Before Turning It Into A Meaningful Business
Mark Zuckerberg said they will wait for Messenger to have a billion users and create organic interactions before monetizing it for more income.
Will Lenovo, HP and Dell consolidate in the PC market in the coming years?
Michael Dell said it in a press briefing in Bengaluru, India, that he sees three top PC makers will consolidate in the desktop market in five years. These are Lenovo, HP and Dell.
Disruptive technology destabilizes the economy as we enter the venture capital revolution
Analysts say that as we enter the venture capital revolution, majority of capitalist venture on disruptive technology. Thus, it creates imbalance in our economy, neglecting other areas that need to be developed like health, food and education.
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Zomato restaurant discovery acquired $60M funds; Introduces Whitelabel platform
Zomato, the app and the website that provides detailed information to 1.4 million restaurants around the world acquires $60M fresh round funding. The company will use it to develop new services and to improve its Whitelabel platform.
Sep 09, 2015 6:18 AM EDT
Amazon to Release $50 Tablet This Holiday as it Struggles to Sell Pricier Devices
As Amazon struggles on its sale for pricier tablets, it resolved to go down the market with its new $50 6-inch tablet.
Sep 09, 2015 4:10 AM EDT
Lyft, Uber Pirates Key Twitter Employees Amid Turmoil
As Twitter is facing management problems and drop in stocks, Lyft and Uber come to poach some of its key employees.
Sep 09, 2015 1:52 AM EDT
Kngine Raises $1 M from Bridging Gap Between Silicon Valley and Middle East
Kgnine from Cairo raised $1 million in funding from local venture capitalists and from Silicon Valley, bridging the gap for Middle Eastern startup companies.
Sep 09, 2015 12:56 AM EDT
Toyota to produce cars with artificial intelligence
Toyota, together with Stanford University and MIT will collaborate to produce cars that use artificial intelligence. It will intervene human driving if there are any mistakes and if necessary, replace the driver himself to prevent any accidents.
Sep 07, 2015 11:04 PM EDT
Facebook's WhatsApp reached 900 million monthly active users; aims for 1 billion
WhatsApp had reached 900 million users per month around the world, Jan Koum posted it on Facebook. Expect additional features and more ads when the app gained 1 billion subscribers.
Sep 07, 2015 11:35 AM EDT
Amazon Restaurants food delivery service hires staff in Seattle and New York
Amazon is trying out a new venture, the food delivery service. The new division is Amazon Restaurants under the Amazon Local. Prime Now will manage the shipping of meals from Seattle restaurants. The company also hires staff in Seattle and New York.
Sep 07, 2015 11:35 AM EDT
Blackberry to acquire Good Technology in $425M cash deal
BlackBerry will buy out Good Technology Corp in a $425M cash deal. The deal will help, as BlackBerry is optimistic, enhance customer base for service business.
Sep 07, 2015 11:33 AM EDT
Apple to launch Apple TV with an eye on gaming
Apple is set to announce a new Apple TV product with a gaming console that could rival Sony, Nintendo, and Microsoft this Wednesday.
Sep 07, 2015 11:31 AM EDT
Financial Conduct Authority Wasted £3.2m Tax Money on a Deal with Oracle for a Software Never Used
Financial Conduct Authority admitted wasting £3.2 million of taxpayers’ money on software it got from Oracle that it ultimately never used.
Sep 07, 2015 6:48 AM EDT
For a timely reservation, Apple Watch introduces the Airbnb app
Apple Watch can now take advantage of the Airbnb app's great features if they wan to book or make reservations on hotels or planning a trip. This amazing app allows regular communication between the host and guest guaranteeing immediate response and timely suggestions.
Sep 07, 2015 3:13 AM EDT
Twitter announces global expansion of self-service ads platform
Twitter announces that their advertisement can now be accessed by Medium-Sized Business to advertise in more than 200 countries.
Sep 06, 2015 11:27 PM EDT
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