Business

Rovio Said to Plan IPO at $2 Billion Value

Rovio Said to Plan IPO at $2 Billion Value

16 Aug 2017 comment

Rovio Entertainment is planning an initial public offering as early as next month that could value the maker of the Angry Birds mobile games and movie at about $2 billion, according to Bloomberg, citing people familiar with the matter.

Google Hires Former Star Apple Engineer for Its AI Team

Google Hires Former Star Apple Engineer for Its AI Team

16 Aug 2017 comment

Chris Lattner, a legend in the world of Apple software, has joined another rival of the iPhone maker: Alphabet’s Google, where he will work on artificial intelligence, according to Bloomberg.

Uber Rival 99 Embarks on Massive Brazilian Hiring Spree

Uber Rival 99 Embarks on Massive Brazilian Hiring Spree

16 Aug 2017 comment

Brazil’s unemployment rate is near its record, but at the headquarters of ride-hailing app 99 it’s nowhere in evidence, according to Bloomberg.

Big school of GDPR - lesson 8: DPIA (Data Protection Impact Assessment)

Big school of GDPR - lesson 8: DPIA (Data Protection Impact Assessment)

16 Aug 2017 comment

DPIA is the heart of GDPR. At its core, GDPR wants to restore control of personal information to owners through a change of thinking about them, and responsible behavior towards personal data at the social level can only be achieved by educating generations that are conscious of risks of irresponsible or malicious use of personal data.

Microsoft and Kaspersky End Dispute That Led to Antitrust Complaint

Microsoft and Kaspersky End Dispute That Led to Antitrust Complaint

15 Aug 2017 comment

Microsoft and Kaspersky have settled a dispute that led to antitrust complaints in Europe and an investigation in Russia, according to Bloomberg. As part of the agreement, Microsoft will make changes to the next update of Windows this fall.

Toshiba Chip Sale Talks Are Said to Stall On Payment Timing

Toshiba Chip Sale Talks Are Said to Stall On Payment Timing

15 Aug 2017 comment

Toshiba’s talks to sell its chips business to a consortium led by Bain Capital hit an impasse over the timing of payments for the business and governance issues, according to Bloomberg, citing people familiar with the matter.

Bitcoin Surges Past $4,000 as Speed Breakthrough to Fuel Spread

Bitcoin Surges Past $4,000 as Speed Breakthrough to Fuel Spread

15 Aug 2017 comment

Bitcoin soared past $4,000 for the first time on growing optimism faster transaction times will hasten the spread of the cryptocurrency, according to Bloomberg.

Facebook Introduces Watch Video Product for Short Series

Facebook Introduces Watch Video Product for Short Series

14 Aug 2017 comment

Facebook introduced a new video hub on the world’s largest social network, offering some U.S. users short episodic series from content partners including A&E, Major League Baseball and National Geographic, according to Bloomberg.

SoftBank Is Said to Bet $1 Billion on Web Sports Store Fanatics

SoftBank Is Said to Bet $1 Billion on Web Sports Store Fanatics

14 Aug 2017 comment

SoftBank Group is nearing a $1 billion investment in Fanatics, an online retailer of licensed sports apparel, as the Japanese firm ramps up deal-making with its mega technology fund, according to Bloomberg.

SoundCloud Gets New Life With Fresh $170 Million Investment

SoundCloud Gets New Life With Fresh $170 Million Investment

13 Aug 2017 comment

SoundCloud, the popular but financially strapped digital music service, is getting a lifeline from new investors who have agreed to pump $170 million into the company, according to Bloomberg.

Amazon Joins Major Asian Backers of Essential

Amazon Joins Major Asian Backers of Essential

13 Aug 2017 comment

Amazon has joined Tencent and the main assembler of iPhones in backing Essential, the startup co-founded by Android-creator Andy Rubin that’s getting ready to sell a new smartphone, according to Bloomberg.

Hon Hai Profit Disappoints as Sales Sag Ahead of New iPhone

Hon Hai Profit Disappoints as Sales Sag Ahead of New iPhone

12 Aug 2017 comment

Hon Hai reported earnings that missed analysts’ lowest estimates as growth in worldwide smartphone shipments plateaued ahead of Apple’s 10th anniversary iPhone model this fall, according to Bloomberg.

Uber Backer Benchmark Sues to Kick Kalanick Off Board

Uber Backer Benchmark Sues to Kick Kalanick Off Board

12 Aug 2017 comment

Ex-Uber CEO Travis Kalanick duped investor Benchmark into allowing him to fill three of the ride-hailing company’s board seats, according to Bloomberg, citing a lawsuit calling for his ouster as a company director.

Chinese Regulator Starts Probe Into Tencent, Weibo and Baidu

Chinese Regulator Starts Probe Into Tencent, Weibo and Baidu

12 Aug 2017 comment

China’s online watchdog has launched an investigation into reports of multiple violations at news services run by Tencent, Baidu and Weibo, as the government continues to tighten scrutiny over internet content, according to Bloomberg.

Francisco Partners Completes Investment in Ericsson’s iconectiv Business

Francisco Partners Completes Investment in Ericsson’s iconectiv Business

11 Aug 2017 comment

Technology investment firm Francisco Partners has completed its investment in iconectiv, an independent subsidiary owned by Ericsson. As part of the investment, Francisco Partners invests USD 200 million to acquire a 16.7% ownership in iconectiv. The partnership between Ericsson and Francisco Partners will enable iconectiv to accelerate growth and deliver shareholder value.

Microsoft Surface Computers Lose Consumer Reports Backing

Microsoft Surface Computers Lose Consumer Reports Backing

11 Aug 2017 comment

Consumer Reports is withdrawing its recommendation for four new Microsoft laptops and tablets after a survey showed that a quarter of older Surface devices posed problems for their owners after only two years, a black mark against the company during the key back-to-school buying season, according to Bloomberg.

Facebook Automates Effort to Flag Fake News for Fact Checking

Facebook Automates Effort to Flag Fake News for Fact Checking

11 Aug 2017 comment

Facebook is taking a more aggressive step to thwart the spread of fake news on its platform, according to Bloomberg.

Sprint's Revived T-Mobile Talks Show Urgent Hunt for Deal

Sprint's Revived T-Mobile Talks Show Urgent Hunt for Deal

11 Aug 2017 comment

Sprint’s resumed talks about a potential merger with T-Mobile, being held at the same time as discussions with cable companies, shows the lengths billionaire Masayoshi Son is taking to build scale for a wireless carrier facing increasing competition in the U.S., according to Bloomberg.

Disney Dumps Netflix for Own Service, Plans Online ESPN

Disney Dumps Netflix for Own Service, Plans Online ESPN

10 Aug 2017 comment

Walt Disney, once again shaking up the media industry, said it will stop selling movies to Netflix and begin offering ESPN sports programming and family films directly to consumers via two new streaming services, according to Bloomberg.

Toshiba Reports Loss With Auditor's Qualified Endorsement

Toshiba Reports Loss With Auditor's Qualified Endorsement

10 Aug 2017 comment

Toshiba’s auditors signed off on its full-year earnings, offering some temporary relief as the Japanese company struggles to stabilize after an accounting scandal, massive writedowns and a legal spat that threatens to delay the sale of its chips business, according to Bloomberg.

Uber Said to Plan Sale or Consolidation of Car Leasing Program

Uber Said to Plan Sale or Consolidation of Car Leasing Program

10 Aug 2017 comment

Uber is trying to unload its costly U.S. subprime car-leasing program, according to Bloomberg. The ride-hailing company’s board determined Xchange Leasing, a wholly owned subsidiary, is unsustainable and should be sold or consolidated into a smaller unit within Uber, according to a person familiar with the plans.

France and Germany Plan Tax Crackdown on U.S. Tech Giants

France and Germany Plan Tax Crackdown on U.S. Tech Giants

10 Aug 2017 comment

France is working with Germany and other partners to plug loopholes that have allowed U.S. tech giants like Google, Apple, Facebook and Amazon to minimize taxes and grab market share in Europe at the expense of the continent’s own companies, according to Bloomberg.

Google Fired Author of Divisive Memo on Gender Differences

Google Fired Author of Divisive Memo on Gender Differences

9 Aug 2017 comment

Google has fired an employee who wrote an internal memo blasting the web company’s diversity policies, creating a firestorm across Silicon Valley, according to Bloomberg.

VR Is the Fastest-Growing Skill for Online Freelancers

VR Is the Fastest-Growing Skill for Online Freelancers

9 Aug 2017 comment

As the world's tech giants invest heavily in virtual reality, the relatively few workers who specialize in the nascent field are seeing big benefits, according to Bloomberg.

Samsung Debuts Rugged Galaxy S8 Model With Larger Battery

Samsung Debuts Rugged Galaxy S8 Model With Larger Battery

9 Aug 2017 comment

Samsung is introducing a new model for its Galaxy S8 smartphone line featuring a metal frame, larger battery and shatter-resistant screen, according to Bloomberg.

GoPro Tops Estimates on Easier-to-Use Camera and Big Cost Cuts

GoPro Tops Estimates on Easier-to-Use Camera and Big Cost Cuts

8 Aug 2017 comment

GoPro is keeping its promise to Wall Street. According to Bloomberg, second-quarter results beat analysts’ expectations, proving that cost cuts are stemming losses and software updates are reinvigorating demand for action cameras.

Hangar 18 Will Present its NOA Smartphones at the IFA Berlin Exhibition

Hangar 18 Will Present its NOA Smartphones at the IFA Berlin Exhibition

8 Aug 2017 comment

Croatian company Hangar 18 will present its NOA smartphones at the IFA exhibition in Berlin. The exhibition will feature the latest NOA H10le smartphone, along with the announcement of new models with a 18:9 screen size ratio.

Tech Guru Bill Joy Unveils a Battery to Challenge Lithium-Ion

Tech Guru Bill Joy Unveils a Battery to Challenge Lithium-Ion

8 Aug 2017 comment

Bill Joy, the Silicon Valley guru and Sun Microsystems co-founder, envisions that the world will soon be reliant on batteries. He thinks alkaline is a smarter way to go than lithium-ion, according to Bloomberg.

Big school of GDPR lesson 7: GDPR Internal audit

Big school of GDPR lesson 7: GDPR Internal audit

8 Aug 2017 comment

You've launched a whole range of activities to align with GDPR requirements. You have appointed the DPO, established a structure of authority and responsibility for managing the personal information. You have analyzed the readiness of the organization and the IT system to fulfill the rights of the owner of personal data.

Korean Prosecutors Seek 12 Years in Jail for Samsung Heir

Korean Prosecutors Seek 12 Years in Jail for Samsung Heir

8 Aug 2017 comment

Prosecutors demanded a 12-year jail term for Jay Y. Lee, accusing the billionaire vice chairman of Samsung of bribing a presidential confidante to increase his control over the world’s biggest maker of smartphones and memory chips, according to Bloomberg.