Best Buy will close 250 of its small store stores, which are mostly located in malls and focus on selling mobile devices. “The mobile phone business has matured, margins have compressed and the cost of operations in our mobile standalone stores is higher than in our big box stores,” said Best Buy in a memo […]
Following his having suffered a massive heart attack late Monday night, filmmaker Kevin Smith has posted an update via Facebook Live to discuss the hours leading up to his heart attack. The nineteen-minute video sees Smith sharing his near-death experience which happened after filming one of two stand-up shows for his upcoming special Kevin Smith […]
The current state of mobile device security patches is lacking, according to a new report issued today by the Federal Trade Commission. The FTC studied how Apple, BlackBerry, Google, HTC, LG, Microsoft, Motorola, and Samsung support their devices over time. “Our report found significant differences in how the industry deploys security updates and that more needs to be […]
Netflix, set to spend upwards of $8 billion on content in 2018, will have in the neighborhood of 700 original TV shows and movies on the service this year, according to CFO David Wells. The huge bucket of content is driving up Netflix’s subscriber base, said Wells, speaking Tuesday at the Morgan Stanley Technology, Media […]
A handful of companies have banded together with the goal of bringing real broadband to airplane passengers. The founding members of the Seamless Air Alliance include Sprint, Delta, Airbus, OneWeb, and Airtel. The idea is to let carriers “extend their services into airline cabins” so passengers have immediate access to high-speed internet while in the […]
Last year was a big one for cryptocurrency mining, and it culminated with a shortage of graphics cards and grossly inflated prices. According to a new report by Jon Peddie Research (JPR), miners purchased over 3 million add-in board (AIB) graphics cards worth around $776 million in 2017, with AMD emerging as the primary benefactor […]
The Weinstein Company’s board of directors have issued a statement indicating they have no choice but to file for bankruptcy. The move comes after talks with an investor group, led by Maria Contreras-Sweet and Ron Burkle, have concluded without a signed agreement. In the statement, the company says it now believes the offer was ‘illusory’ […]
MoviePass has filed a patent infringement lawsuit Friday against rival subscription movie ticking service Sinemia, alleging they have stolen many of its key features reports Variety. Both services allow customers to see movies in theaters in exchange for a discounted monthly fee, but operate on different usage frequencies – MoviePass allows customers to see one […]
Facebook has said it regrets promoting a virtual reality shooting game on its stand at a US conservatives’ event. The game allows the player to shoot imaginary weapons against enemies in a public train station. Facebook said it removed the display at the Conservative Political Action Conference “out of respect” for victims of a recent […]
Broadcom revised its offer to acquire Qualcomm downward by $3 per share after Qualcomm increased its own bid to buy NXP Semiconductors. Broadcom said: “Qualcomm’s board acted against the best interests of its stockholders by unilaterally transferring excessive value to NXP’s activist stockholders.” Broadcom would have preferred to see Qualcomm act together with Broadcom to broker the right […]
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