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Tesla's stock down 6% as it lowers car delivery forecast

Electric carmarker Tesla has reported better-than-expected second quarter results. But it lowered its car delivery forecast for the year, sending its stock tumbling.

Aug 07, 2015 1:08 AM EDT


From radio to TV, Spotify's content chief Ken Parks joins Pluto TV

Ken Parks, chief of Spotify's content, will be joining streaming startup Pluto TV as its Chairman. Parks will still work with Spotify in an advisory capacity to CEO Daniel Ek after the transition.

Aug 06, 2015 11:32 PM EDT


Batman saves the day for Warner Bros: Q2 game revenue 135% higher

Despite gamers' complaints on the worst performance of Batman: Arkham Knight, Warner Bros. still managed to bag an increase of 135% on their game revenues in this year's second quarter. Mortal Kombat X and Batman: Arkham City contributed a lot to the company's games business success.

Aug 06, 2015 8:04 AM EDT


Silicon Valley Bus Drivers Woes: Apple is amenable to offer better working conditions

Apple is working out with contractors for its drivers' wage hike by $27.50 an hour. Recently, Teamsters Local 853, the tech bus union protested over their unpaid downtime from morning to evening.

Aug 06, 2015 2:34 AM EDT


Parse.ly CEO Sachin Kamdar talks about how his company achieves 150% year-over-year growth

Sachin Kamdar shares his some pointers on how his web analytics company, Parse.ly, achieved 150%-200% yearly growth.

Aug 06, 2015 2:13 AM EDT


Original Content is King to Netflix's 'World Domination' Strategy

Streaming media provider Netflix is looking to produce its own original content instead of licensing properties from studios.

Aug 06, 2015 1:47 AM EDT


Your network is equal to your net worth: Soon, Facebook can approve loans based on your friends' credit scores

Facebook patented a social network system that will filter searches, spam and will grant service providers like lenders to approve your loan application through your Facebook friends' credit scores.

Aug 05, 2015 11:00 AM EDT


Auto insurance industry clueless on driverless cars

Car insurance companies are alarmed at how much they would potentially lose when the driverless cars dominate the market in the coming years.

Aug 04, 2015 5:13 AM EDT


Gravity Payments pulled down due to $70,000 minimum wage announcement

What started out as an idealistic vision to uplift morale and productivity within Gravity Payments soon came back to haunt it once CEO Dan Price realizes that the change requires more than what he was willing to pay for.

Aug 04, 2015 2:08 AM EDT


Stewart Butterfield on leadership: I am a terrible manager

Stewart Butterfield, the Slack CEO, told an interview that he is a 'terrible manager'. In an interview, the CEO of $2. 4B worth Slack app and Flickr co-founder, Stewart Butterfield, admitted he is a 'terrible manager'.

Aug 04, 2015 1:56 AM EDT


Twitter shares drop 15%; Is the microblogging platform ripe for a takeover?

As Twitter shares dip to near its lowest point since its IPO, analysts ask if the company may be due for an acquisition.

Aug 03, 2015 11:26 PM EDT


Germany's luxury automakers buy Nokia's maps

Germany's luxury carmakers acquire Nokia's HERE maps for a little more than $3 billion. The acquisition is unprecedented in the auto industry amid growing competition for self-driving car technology.

Aug 03, 2015 10:04 PM EDT


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