Last month, Facebook (NASDAQ:FB) generated headlines after it purchased WhatsApp, a mobile-messaging startup firm, for $19 billion in cash and stocks. The deal made WhatsApp co-founder Jan Koum a billionaire overnight. However, that arrangement may come to an end after a complaint was … [Read more...]
Apple Inc. (AAPL) stock prices jump thanks to Pacific Crest’s optimistic iPhone predictions
Pacific Crest Securities, a leading technology investment bank, gave a major boost to Apple Inc.'s (NASDAQ:AAPL) stock prices with a series of bold predictions about the future releases and performance of the Cupertino, CA based firm. Like many other industry analysts, Pacific Crest … [Read more...]
EU urged to put bitcoin on agenda by French Minister
Digital currencies like bitcoin have proven to be quite troublesome for an array of countries all over the world. Central banks and federal governments have repeatedly issued statements and officials have either celebrated or decried the virtual currency. The latest is a minister from … [Read more...]
Google distributes huge executive bonuses
Life as a Google Inc. (NASDAQ:GOOG) executive isn't just good; it's great! Recently, Google revealed that it will pay its Finance Chief, Patrick Pichette a $3 million bonus. Additionally, it is paying its Chief Business Officer, Nikesh Arora, a $3.5 million bonus. These are both … [Read more...]
At $72 per share Facebook (FB) sets new all time high
This morning, Facebook Inc. (NASDAQ:FB) broke another record; its stock passed the $72 mark. That is a 0.6% move upward before comfortably settling in at the $72 level. That is a far cry from its $18 per share debut, when it filed its IPO back in 2012. So, what is the root of the … [Read more...]
Will Apple Inc.’s (AAPL) new sapphire facility increase or decrease technical progress
Apple Inc. (NASDAQ:AAPL) appears to be on track to start using sapphire glass grown at its own facility in Arizona for the displays in iWatches, iPhones, and so on in the near future. Corning, the current maker of the Cupertino enterprise's displays with its Gorilla Glass products, … [Read more...]
Big Fish collaborates with Coinbase to accept bitcoin payments
Are you a fan of both bitcoin and Big Fish Games? Now you can embrace both after it was announced in a press release that the American gaming website is partnering up with Coinbase to begin accepting the digital currency for games and in-app purchases. Big Fish is one of the … [Read more...]
Is using the hand of government for bitcoin thefts justified
With three bitcoin exchanges shutting down after experiencing thefts worth hundreds of millions of dollars, some in the bitcoin community are urging government regulation and intervention to protect consumers. It was reported Sunday that Mt. Gox, one of the world’s biggest exchange … [Read more...]
Omnicom deal sets Instagram up for big advertising profits
Instagram, a photo- and video-sharing website, has inked its very first advertising deal with an agency. Ad Age published a report Saturday that cited sources close to the situation saying Instagram signed a $100 million year-long deal with Omnicom. Both Omnicom and Facebook have … [Read more...]
Google search makes calculated moves to stay relevant in the app world
Google Inc. (NASDAQ:GOOG) has a $50 billion search engine business that it wants to protect. Unfortunately, that is becoming increasingly difficult with the rise of mobile apps unless Google starts modifying some of its current methodologies. Well, Google is, in fact, doing just that … [Read more...]
Former YouTube executive joins Twitter to push video advertising
Twitter Inc. (NYSE:TWTR) wants to continue its push for advertising revenue from its business partners. This is similar to how Facebook Inc. (NASDAQ:FB) has successfully done so on its various platforms. As a result, Twitter has convinced and hired former YouTube executive Baljeet … [Read more...]
IRS doles out 48 million refunds with $3,034 average
It’s that time again: tax season, a period of the year when millions of Americans pull their hair out, dig through old receipts and research endlessly on the Internet searching for tax deductions, tax exemptions and tax papers. It’s indeed a very busy time for everyone from coast to … [Read more...]
Apple Inc. (AAPL) chooses Samsung to manufacture A8 processor, despite rumors
Despite strongly supported rumors to the contrary, Apple Inc. (NASDAQ:AAPL) granted the contract to produce the A8 processor chip to Samsung today, rather than to Taiwan Semiconductor Manufacturing Company (TSMC). In mid-February, TechNews Taiwan featured a detailed article that … [Read more...]
Nouriel Roubini: Bitcoin is a ‘ponzi scheme’ and ‘lousy’ store of value
One of the most renowned economists in the world, Nouriel Roubini, who is known very well for his bearish standpoint on financial markets across the globe, doesn't seem to be optimistic about bitcoin and the digital currency industry. Using Twitter as his platform to convey his … [Read more...]
Visa and MasterCard team up to combat credit card fraud with EMV technology
In the wake of the massive data breach at Target that compromised more than 110 million accounts, credit card companies MasterCard and Visa have decided to coalesce in order to establish a group that will enhance payment security for customers. The group will consist of various banks, … [Read more...]
Apple Inc. iWatch: Big flop or big hit
Apple Inc. (NASDAQ:AAPL) is quite likely to release the iWatch smartwatch sometime this year, though of course there can be no certainty until the first units are on the shelves. Samsung has already beaten the Cupertino enterprise to the punch with its Galaxy Gear. The question is how … [Read more...]
Walmart expanding into India’s ecommerce marketplace
Is Walmart entering India’s immense ecommerce marketplace? That is the word on the street from various sources this week. Soon after eBay announced it will be investing $133 million in Snapdeal, Walmart has reportedly hired a team of more than a dozen industry professionals to start … [Read more...]
Brick and mortar stores close down as online shopping continues to grow
This week, a few more traditional brick-and-mortar chain stores announced that they would be shutting down additional outlets. What was once the beacon of American capitalism and free markets since the mid-20th century has now transformed into heightened competitive 21st century … [Read more...]
Will Janet Yellen’s ‘do all I can’ remark mean increased QE
Prior to officially becoming head of the most powerful system in the world, the Federal Reserve, there were numerous warnings that she would not reverse the $10 to $20 billion taper talk and actually increase the central bank’s quantitative easing measures that were put into place by … [Read more...]
Walmart slashes iPhone 5s price in anticipation of iPhone 6
Apple Inc. (NASDAQ:AAPL) will soon be releasing its next smartphone, the iPhone 6, though the exact date is still unknown. However, a development today suggests that the launch cannot be too far off. Powerful retailer Walmart is offering a huge discount on the iPhone 5S, selling new … [Read more...]
