Facebook’s sizable EU lobby, headed by Richard Allan, has taken out advertising in leading newspapers this morning to complain about “multiple” EU nations digging around the network’s data slurping business practices. The company’s complaint is […]
Category: MOOLAH
First Approved Bitcoin Bank Launches in New York Next Month
Bitcoin will officially be part of the mainstream financial world next month when New York State’s Department of Financial Services (NYDFS) publishes a regulatory framework governing the virtual currency. The move will allow virtual currency […]
Apple Destroyed Thousands Of Watches Over Manufacturing Glitch
Reports emerged Thursday that Apple scrapped a whole batch of Apple Watches after finding a fault with the watch’s vibrating ‘Taptic Engine’. According to the Wall Street Journal, “people familiar with the matter” said that […]
Software Giant Salesforce Defending Itself From Hostile Takeover
In a sign of just how hot things are in the cloud software space Salesforce, a company worth $44 billion, has hired financial advisers to field takeover offers Bloomberg has reported. It’s unknown who the […]
HBO And Showtime Sue Over Crimes Yet To Be Committed
HBO and Showtime are no stranger to online piracy. Their TV-shows are pirated millions of times each month. Yet they haven’t been known to go after sites that host their content illegally yet the upcoming […]
Uber Launching Massive Same Day Delivery Network
Taxi smartphone app Uber is planning a major push into the same day delivery business, according to leaked training documents. The merchant delivery program that would enable online shoppers to get same-day delivery of goods […]
Google To Fund Movies, Youtube Channels To Stay Relevant
Netflix, Hulu, Roku, HBO Go and specialist sites like Vevo are all taking a chunk out of Youtube, the once massive online video website. Even Facebook and industry laggard Yahoo are getting a piece of […]
Apple Watch Doesn’t Work With Tattooed Wrists
Numerous hipsters, known for their comprehensive use of tattoo body art, have reported serious issues using their Apple Watches, according to forum posts since the launch. It seems the watch’s wrist sensor, which changes what […]
Samsung Overtakes Apple As World’s Largest Smartphone Maker
New data from research firm research firm Strategy Analytics shows that Samsung Electronics Co Ltd overtook Apple Inc to recapture the title of world’s top smartphone maker by volume in the first quarter of 2015. […]
Higher Cable Prices Likely As FCC Set To Approve AT&T DirectTV Merger
Despite rejecting the proposed Comcast and Time Warner Cable merger on the grounds of reduced competition the FCC appears set to allow mergers of Internet and TV providers. AT&T’s proposed $48.5 billion acquisition of DirecTV […]
China Passes U.S. To Become Apple’s Fastest Growing Market
Apple used to dislike questions about China, a politically sensitive example of a rare instance in which the company under-performed. Now that’s all changed as Apple announced Tuesday that China has officially passed the U.S. […]
Is Social Media A Viable Business Model?
Twitter announced earnings today and they were terrible. The company missed on revenue and user metrics were weak (we’ll look at that closer below). First the highlights: Twitter’s first quarter revenue hit $436 million, missing […]
Deutsche Bank CEO To Stand Trial For Purgery
Corruption starts at the top and in the case of Deutsche Bank it appears to have gone all the way to the very top. CEO Juergen Fitschen is one of five defendants in a trial […]
The Real Reason Google Is Reaching Out To News Publishers
Google is being credited with admitting mistakes in working with news organisations as it announced yesterday a new digital partnership with eight European publishers. The Digital News Initiative has been hailed as an attempt to […]
Good News: Big Corporations Hate Open Internet
Some of America’s largest internet and telecommunications companies hate the FCC’s new Net Neutrality rules. While the lobby groups complain their squeals mean the FCC got it right and made regulations that have teeth. The […]
Why ESPN Wants To Keep Your Cable Bill High
ESPN doesn’t like the idea of Americans getting cheap cable packages. It really doesn’t like the idea of these packages no including its premium sports channel. So the sports network has sued Verizon for alleged […]
Google Launches Marketplace To Buy Patents Before Trolls Can
Google announced this morning that it has launched an experimental program to purchase patents from businesses and other patent holders who wish to sell. The company calls the new effort “Patent Purchase Promotion,” and is […]
Huge Magazine Publisher To Launch Virtual Reality ‘Magazine’
Virtual reality, finally, is set to become a big thing. Tech companies – from Facebook to Sony to Google – are all investing significant dollars into high end virtual reality technologies that will provide real-world […]
Swiss Banks Latest To Declare War On Cash, Ban Withdrawals
Stunning news out of Switzerland this weekend where a Swiss pension fund manager, after calculating that he would save at least 25,000 CHF per year on every CHF 10m deposit due to negative interest rates, […]
College Network To Close Doors At 28 Campuses
Times are changing in college education. As of today the for-profit Corinthian Colleges network will shutter its remaining 28 campuses, the latest school to succumb to financial pressure amid industry disruption. The shutdown includes 13 […]
Greece Teeters Closer To Bankruptcy, Announces More Capital Controls
The latest developments in Greece do not appear to be positive. Last week, the Greek government seized “excess cash” from municipal government to replenish the central bank coffers so that Athens would be able to […]
Watch Out Apple – Chinese Giant Xiaomi Invests Big In India
Iconic Indian business leader Ratan Tata added to his growing list of tech holdings by acquiring a stake in Chinese smartphone maker Xiaomi. The company declined to disclose the value of the stake, but the […]
Intuit Facing Massive Class Action Suit Over TurboTax Security
Intuit, creator of popular tax-filing software TurboTax, is facing a devastating class action lawsuit over rampant fraud and identity theft against people who used its TurboTax software to file their tax returns. The fraud also […]
Google Working On Second Version Of Google Glass
According to reports out of Italy, Google has bee working with eyewear maker Luxottica to come up with a new version of Glass, its glasses-meet-webcam-meet-smartphone project. The news adds further weight to suggestion the project […]
How Big Retailers Spy On You While Shopping
A dirty little secret in retail is that every shopper that sets foot through the door of a major retail chain is being tracked in an extraordinary level of detail. The Federal Trade Commission announced […]
Nav Sarao: What You Need Know And Why He’s Important
Nav Singh Sarao is the Briton blamed for causing the May 2010 Wall Street ‘flash crash’ where about $1 trillion was briefly wiped out from U.S. stock markets in a matter of minutes. Mr Sarao […]
HSBC To Flee London Because Of More Regulatory Oversight
After freshly paying a record fine for market manipulation schemes, HSBC Holdings, Europe’s biggest bank, said it will review whether to move its headquarters out of Britain following regulatory and structural changes in the industry. […]
Google’s Internet-By-Balloon Scheme Is Lunacy
Google has posted a new video showing the progress it has made on Project Loon, a plan to float thousands of balloons into the upper atmosphere to provide internet connectivity for developing nations. The video […]
Apple Watch Requires 10 Videos To Understand
Despite its very limited availability Apple has released a series of tutorial videos on its website, giving step-by-step instructions on how exactly to use the complicated new device. Video number one: learn how to wait. […]
Why Oil Prices Could Stay Low For Years
Oil prices have been rallying lately and there is mounting evidence that oil prices are poised to rebound from a historic bust. – Rig counts hit new lows this week. Baker Hughes says the U.S. […]