Tags Business

Donald ‘I’m smart for not paying taxes’ Trump accuses Amazon of skirting taxes

donald trump amazon

Amazon is the largest web-based retailer on the planet, raking in billions of dollars every year and employing over 340,000 workers. When you're that big — and the president of the United States likes to go on early-morning Twitter rants before his handlers can distract him — there's a good chance you're going to be mentioned once or twice. That's what happened this morning, as Donald Trump slammed Amazon for what he perceives as damage to the US job market. 

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Mike Wehner

August 16th

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Uber just got absolutely nailed by the FTC, agrees to audits for the next 20 years

uber ftc

Everyone new startup dreams of being the next Uber, but for the company itself the road has hardly been easy. The company grew incredibly rapidly but regularly trips over its own feet, and when it comes to government watchdogs, missteps tend to have some pretty serious consequences. Now, Uber has accepted a Federal Trade Commission ruling that will force the company to revamp its privacy protocols and upgrade its customer data handling procedures, while also being audited regularly for the next 20 years.

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Mike Wehner

August 15th

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Netflix just delivered a huge blow to Disney

Netflix vs. Disney

It was just last week that Disney declared a streaming war on Netflix by announcing plans to create two streaming services for movies and sports. Disney also said that come 2019, it’ll stop licensing new movies to its future rival. Netflix, meanwhile, stated that it’s still negotiating rights to some of Disney’s most popular franchises, including the Star Wars and Marvel movies. At the same time, however, it looks like Netflix has been working on a massive anti-Disney move for quite some time.

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Chris Smith

August 15th

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Machine learning can tell if you’re wearing swap-meet Louie

 A wise man once said “The hat mighta had a L V on the back but at the swap meet that ain’t jack,” and now researchers can ensure that the Louis Vuitton or Prada or Coach you bought is the real deal. The system, which essentially learns the difference between real and fake products over time, uses a small microscope connected to a phone. “The underlying principle of… Read More

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John Biggs

August 11th

Gadgets

Snap shares down 13% after quarterly loss of $443 million

Snapchat Earnings

Earnings season upon us and Snap Inc., formerly known as Snapchat, released its earnings report for the quarter that just ended. Suffice it to say, the recent June quarter was an important one for Snap Inc., especially as Facebook continues to steal features from Snapchat and implement them with great success. Indeed, Snap Inc. for some time has been actively exploring various ways to increase revenue, boost users, and diversify their business. To this point, recent rumors claim that the company may have recently acquired Zero Zero Robotics, a selfie-taking drone company.

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Yoni Heisler

August 10th

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It’s official: Uber is in crisis

Uber lawsuit against Travis Kalanick

Literally hours after we published a (very long!) list of all the execs who have jumped ship from Uber this year, more bad news landed about Uber's management situation. Benchmark Capital, a venture capital firm that was an early investor in Uber and holds a seat on the board, has sued Travis Kalanick, Uber's founder and recently-ousted CEO.

The suit, scooped by Axios, alleges breach of contract and fiduciary duty by Kalanick. Basically, Benchmark is accusing Kalanick of pulling strings to try and stack the board in his favor, and eventually orchestrate a triumphant return as Uber's CEO.

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Chris Mills

August 10th

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Uber’s first employee is the latest high-profile exec to jump ship

Uber resignations: Ryan Graves

As of right now, Uber is a $60 billion company with no CEO, no CFO, and no chief operating officer. Ryan Graves, Uber's first employee who has served as the company's senior vice president of global operations, has stepped down from his role. Uber has had no COO for years, which has left Graves to take on much of the workload that the C-suite exec would normally handle.

In a letter to employees, Graves said "I'll be embracing another big change on my journey with Uber and will transition out of a full-time operating role to focus on my role as a Board Director." Graves was known to be one of former CEO Travis Kalanick's most loyal supporters, which may explain his move away from Uber's executive team.

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Chris Mills

August 10th

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The Essential smartphone just got a massive boost from Amazon

Essential phone release date

Earlier this year, Android founder Andy Rubin surprised everyone when he announced the Essential smartphone. It's not that people were surprised to see Rubin working on a high-end luxury Android device -- it's that he created a brand-new company to make it, without backing from one of the smartphone business's big names.

Despite what you might think from looking at Apple's Scrooge-sized pile of iPhone cash, making money off smartphones is hard business. Sony, HTC, LG, and Motorola have all lost vast amounts of time and money trying. It's even harder to sell phones as an unknown brand, and doubly so when your price is right up there with the Galaxy S8 and iPhone 7.

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Chris Mills

August 9th

Uncategorized

The Essential smartphone just got a massive boost from Amazon

Essential phone release date

Earlier this year, Android founder Andy Rubin surprised everyone when he announced the Essential smartphone. It's not that people were surprised to see Rubin working on a high-end luxury Android device -- it's that he created a brand-new company to make it, without backing from one of the smartphone business's big names.

Despite what you might think from looking at Apple's Scrooge-sized pile of iPhone cash, making money off smartphones is hard business. Sony, HTC, LG, and Motorola have all lost vast amounts of time and money trying. It's even harder to sell phones as an unknown brand, and doubly so when your price is right up there with the Galaxy S8 and iPhone 7.

Continue reading...

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Chris Mills

August 9th

Uncategorized

Comcast’s customer service sucked a tiny bit less last year

Comcast the worst brand

Comcast, one of America's most-hated brands, has seen a tiny improvement this year. According to FCC complaint data obtained by the Philadelphia Inquirer, complaints about Comcast's internet fell 43 percent between May 2016 and May 2017.

But at the same time, far more people were complaining about internet rather than cable this year. Everyone says that cable TV is still alive in the age of cord cutting, but the complaints say otherwise.

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Chris Mills

August 8th

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