If Apple wants to sell services, Apple can be very good at selling services. That should be, but isn’t, the headline for today’s Wall Street Journal article, which is technically about Apple surpassing Spotify in the race to acquire US subscribers for their respective music services. For the record, the Journal’s sources think Apple Music
Google’s attempt to wrest more cloud computing dollars from market leaders Amazon and Microsoft got a new boss late last year. Next week, Thomas Kurian is expected to lay out his vision for the business at the company’s cloud computing conference, building on his predecessor’s strategy of emphasizing Google’s strength in artificial intelligence. That strategy
Google says the fiber-optic cable it’s building across the Atlantic Ocean will be the fastest of its kind. When the cable goes live next year, the company estimates it will transmit around 250 terabits per second, fast enough to zap all the contents of the Library of Congress from Virginia to France three times every
Jeff Bezos’s ex-wife, MacKenzie Bezos, will be worth around $35 billion dollars, making her the world’s third-wealthiest woman, according to Forbes. On Thursday, the newly single billionaire tweeted the details of what is likely the world’s largest divorce settlement. Here are the terms: Jeff Bezos will transfer 25 percent of his shares in Amazon to
Muzzle? Fine? Removal? What to do about Elon Musk? The Tesla CEO had his day in court Thursdayfor a hearing in his ongoing battle with the Securities and Exchange Commission. This time, the financial regulators alleged Musk broke the terms of a prior settlement agreement by posting material company information on Twitter earlier this year.
Conde Nast is the company behind some of the world’s most glamorous and influential magazines, including Vogue, the New Yorker, and Vanity Fair. It is also a company in decline, because the magazine business is in decline. Roger Lynch’s job is to somehow stop that. “It is a difficult job,” he said today, after Conde
Snap held its first-ever “Partner Summit” on Thursday — the Snap equivalent of the larger, more established developer conferences held by tech giants like Facebook (F8), Google (Google I/O), and Apple (WWDC) each year. The point of the event was to unveil new products — some for users, some for developers — and encourage potential
A group of Microsoft employees appeared at an employee meeting with CEO Satya Nadella Thursday to protest the company’s treatment of women. The protesters asked Nadella to address claims of discrimination against women in promotion and advancement, as well as claims of sexual harassment, raised as part of a widespread discussion that has been building
Japan’s Nomura Holdings said on Thursday it would cut $1 billion in costs from its wholesale business and shut more than 30 of 156 domestic retail branches, in its latest strategy overhaul to turn around its struggling business. The wholesale segment has been dragging on the performance of Japan’s biggest brokerage and investment bank, and
After a long drought, the go-go days of hot technology IPOs appear to be back. The new age began last week with the long-awaited public offering of shares in ride-hailing service Lyft, which raised more than $2 billion for the company with a valuation climbing to over $26 billion before falling back to earth on
The media landscape used to be straightforward: Content companies — studios — made stuff — TV shows and movies — and sold it to pay TV distributors, who sold it to consumers. Now things are up for grabs: Netflix buys stuff from the studios, but it’s making its own stuff, too, and it’s selling it
Financial lenders and information technology services dominate in LinkedIn’s latest “Top Companies” ranking for Brazil, with a Sao Paulo-headquartered bank coming out on top. With a user base of more than 610 million, LinkedIn annually compiles lists which look at companies that would best suit certain countries and employees based there, including in the likes
Professional sports leagues, it turns out, are pretty hard to disrupt. The Alliance for American Football, a venture capital-backed offseason alternative to the NFL, crashed and burned Tuesday for a familiar reason: It ran out of money. And like startups often do, the young company reportedly became mired in a management tussle between executives who
In July of 2017, as Raffi Krikorian settled into his new office at the Democratic National Committee, Hillary Clinton’s words were still ringing in his ears. Just a few months before, the former secretary of state and recently defeated Democratic nominee for president had sat on stage at Recode’s technology conference and mercilessly bashed the
Singapore Airlines Ltd said on Tuesday it had grounded two Boeing Co 787-10 jets fitted with Rolls-Royce Holdings PLC Trent 1000 TEN engines after checks of its fleet found premature blade deterioration. The jets have been removed from service pending engine replacement, the airline said in a statement. The Trent 1000 TEN is the latest
Google employees released a letter today calling for Kay Cole James, the president of right-wing think tank the Heritage Foundation, to be removed from Google’s new external AI ethics council. The letter calls James “vocally anti-trans, anti-LGBTQ, and anti-immigrant,” and that “Google cannot claim to support trans people and its trans employees — a population
Virtual private networks (VPNs) can help protect your internet traffic from prying eyes. VPN services route your email, web browsing, and other internet activity through the service provider’s servers, making it appear to outsiders that you’re only accessing those servers. VPN services help users in China, for example, reach blocked sites by making it appear
Natalia Fileva, chairwoman and co-owner of Russia’s second largest airline S7, died when a private jet she was in crashed near Frankfurt on Sunday, the company said. Fileva, 55, was the major shareholder in S7, a member of global Oneworld airlines alliance, and one of the richest women in Russia, whose wealth was estimated by
Mark Zuckerberg built one of the most powerful companies in the world. Now he says he needs help running it. In a Washington Post op-ed, the Facebook CEO is calling on “governments and regulators” around the world to help rein in the internet, and his own company. “By updating the rules for the Internet, we
Tucked away in President Donald Trump’s 2017 tax cut was a little discussed provision that allows investors to potentially save big on capital gains. By investing in underserved rural and urban communities called “opportunity zones,” investors can defer or even avoid capital gains taxes on asset sales. These risk zones represent a potential windfall for
Pinterest Co-founder Evan Sharp was added to the company’s board of directors this month, according to a company filing on Friday. The addition comes in an update to Pinterest’s IPO paperwork with the SEC, exactly one week after the company’s first public filing. It means the company now has two insiders on its board —
The US government says Facebook’s ad business creates housing discrimination. On Thursday, the Department of Housing and Urban Development (HUD) filed charges against Facebook, arguing that the company’s ad platform allows advertisers to unlawfully exclude people from viewing housing ads based on characteristics such as race, national origin, and religion. Google and Twitter, meanwhile, have
U.S. stock index futures were slightly higher Friday morning, amid renewed optimism on the progress of trade talks between Washington and Beijing. At around 03:40 a.m. ET, Dow futures rose 65 points, indicating a positive open of more than 72 points. Futures on the S&P and Nasdaq were both seen marginally higher. Market focus is
When shares of LYFT begin trading on the floor of the Nasdaq on Friday, it will symbolically usher in the end of an era that has kept ordinary people from capitalizing on Silicon Valley success (or cursing its failure). Lyft is the first mega-IPO of 2019, a year that is expected to be the biggest
Facebook has a $55 billion annual advertising business in part because it lets advertisers pick and choose, with precise detail, who they want to target their advertisements to. That’s great if you’re Coca-Cola, and historically it’s been great for Facebook. But the Department of Housing and Urban Development, commonly referred to as HUD, said Thursday
For our eyes, reading is hardly a smooth ride. They stutter across the page, lingering over words that surprise or confuse, hopping over those that seem obvious in context (you can blame that for your typos), pupils widening when a word sparks a potent emotion. All this commotion is barely noticeable, occurring in milliseconds. But
European shares are set to begin Thursday’s session in the black after a report said the U.S. and China are making swift progress in trade talks. Britain’s FTSE 100 was seen 26 points higher at 7,206, Germany’s DAX 5 points higher at 11,418 and France’s CAC up 11 points at 5,312, according to IG index
Tech news you can use, in two minutes or less: Facebook moves against white nationalist content After months of grappling with its stance, Facebook has finally decided to ban white nationalist content on both Facebook and Instagram. Starting next week, US users who attempt to search for or post this type of content will be
In a move that’s months in the making, Facebook announced Wednesday that beginning next week, it will take down posts supporting both white nationalism and white separatism, including on Instagram. It’s an evolution for the social network, whose Community Standards previously only prohibited white supremacist content while allowing posts that advocated for ideologies like race
In the past year, Bustle Digital Group bought Gawker, the pioneering blog that ended up in bankruptcy court, and Mic, a publisher aimed at millennials that ran out of money. Now it has a new asset: the Outline, a tech/culture site launched by veteran journalist Josh Topolsky more than two years ago. Part of this