Bitcoin has surged to more than $8,000 late today, its highest level since July last year. There isn’t consensus on the street on to why bitcoin hit a 10-month high on Monday. Bitcoin was last up nearly 17% at $8,131 on the Bitstamp exchange, the largest daily percentage jump since early April. It hit a […]
The U.S. Supreme Court today ruled that an antitrust lawsuit can proceed against Apple for the way it runs its App Store. Today’s ruling only affirms that the consumers bringing the suit have the right to do so; it does not touch on the merits of the case. The case will now proceed in lower […]
Alphabet has announced Q1 2019 earnings to start the new year with revenue of $36.33 billion. It notably takes into account the $1.7 billion fine levied by the European Commission over Google AdSense violations. These numbers range from January to March, and did not meet analysis expectations with the stock down over 4% in after-hours […]
DO Global has just had 46 of their apps taken off the Google Play Store, after it was found that they used code which triggered fake clicks on advertisements. In response, DO Global has published a statement apologizing for their tactics: In the past week, we have noticed a series of reports about our apps […]
Netflix just went deeper into hock: The company announced the pricing of unsecured bonds in a transaction raising around $2.2 billion, giving it more cash to invest in content, real estate and infrastructure. The streamer had said Tuesday that it planned to raise $2 billion through a new debt offering, bringing its long-term debt to […]
France since late last year requires online political campaigns to declare who paid for them, and how much was spent. It requires online platforms to provide “fair, clear and transparent” information about the person or company, and the amount paid, in an open and accessible database format. But Twitter has rejected a government voter registration […]
GoFundMe is removing anti-vaxxers from its platform, according to an exclusive report by The Daily Beast. The firm is currently conducting a review for anti-vax campaigns on the platform and will ban any fundraisers found to be promoting bad science. GoFundMe prohibits campaigns that make dubious health claims in its terms of service, saying users must […]
Ford’s new chief financial officer is an Amazon finance veteran who led the Whole Foods acquisition. Tim Stone, 52, starts with Ford on April 15, just in time for the shareholder annual meeting on May 9. Stone, who worked at Amazon from 1998-2018, left as vice president of finance. Previously, he was CFO of Amazon […]
General Motors announced plans to invest $1.8 billion and add 400 new jobs at manufacturing operations in six states, including $300 million and 400 new jobs at its Orion Assembly plant in suburban Detroit to produce a new full-electric Chevrolet vehicle. The investment, announced Friday by GM CEO Mary Barra at the Orion plant, […]
National Grange President Betsy Huber issued the following statement after the Federal Communications Commission (FCC) finalized (PDF) the Unlicensed Reconsideration and Database Accuracy proceedings on Wednesday, both of which help remove regulatory uncertainty in the TV white spaces technology market: “There are few challenges facing rural America as great as the rural broadband gap, […]
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