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Amazon on Thursday posted a net loss of $437 million for the third quarter. For the same period in 2013, it posted a net loss of $41 million. Amazon had warned shareholders when it reported its bleak second quarter performance in July that the next quarter would be equally grim. However, that did no...
When Facebook CEO Mark Zuckerberg went on stage at Tsinghua University in Beijing Wednesday for a 30-minute Q&A session, the audience expected him to do what foreigners generally do: Utter a few words in Mandarin to acknowledge their culture, then depend heavily on translators. Instead, Zuckerbe...
After declaring its intent when it launched roughly a month ago, Ello on Thursday made its ad-free philosophy official by incorporating it into a new company charter. Now converted to a public benefit corporation, the social network has stipulated not only that it will never make money from selling ...
Amazon's tactics in its ongoing battles with content publishers are fast becoming a bone of contention. The company has delayed distributing content from companies it's tussling with over content price points or its cut of the take. It's been steering customers to other publishers, at times overtly....
The U.S. government is about to hold another wireless spectrum auction. Why is spectrum so important? If you owned a brand new car with brand new tires, you would still need air in those tires in order to drive, right? That's wireless spectrum. It's the air inside the tires that lets you drive. With...
Privacy expert and Pulitzer Prize-winning journalist Ashkan Soltani will be the FTC's new chief technologist, FTC Chairwoman Edith Ramirez announced Tuesday. "Ashkan is well qualified and was an excellent choice for the agency," said Ginger McCall, an associate director with the Electronic Privacy I...
Toll fraud -- the hijacking of a phone system to dial out to premium numbers in distant countries at several dollars a minute -- costs companies more than $4.7 billion a year, up nearly $1 billion from 2011. Major carriers have sophisticated fraud systems in place to catch hackers, and they can affo...
Yet another major retailer -- this time, office supply chain Staples -- reportedly has fallen victim to a data breach. More than half a dozen banks operating on the East Coast have seen fraudulent charges made at non-Staples businesses, such as supermarkets and other big-box retailers, by people usi...
Federal investment in cloud technology is picking up steam and should increase sharply in the next several years -- but that doesn't mean that government agencies suddenly have found that cloud migration will be either quick or simple. Federal cloud spending will jump from slightly more than $3 bill...
IBM's earnings slipped in Q3, sending its share prices sliding 7.11 percent to close Monday at $169.10. The company announced it is unloading its Microelectronics OEM semiconductor business and manufacturing operations to GlobalFoundries. IBM will pay GlobalFoundries $1.5 billion to take over the bu...
Whisper, an app that purports to send messages anonymously, reportedly has been tracking the location of its users, including those who have turned off their geolocation feature. Even more incendiary than the location-tracking accusation is the allegation that Whisper has identified smartphones use...
While app developers generally aim to make money off their creations, this goal is often relegated to second-tier status by programmers who but the product first and foremost, as they should. Therefore, in order to minimize the time needed to devote to a monetization strategy, developers generally c...
Netflix stock closed Friday at $357, up slightly from the depths it plummeted to earlier this week. Shares fell almost 25 percent in premarket trading on Thursday -- more than $110 a share -- to $338. The plunge followed news of weak subscriber growth in its third quarter. Netflix reported $1.2 bill...
Apple on Thursday held a new product event on its campus in Cupertino, California, where the stars of the show were a thinner version of its iPad tablet and a 27-inch iMac desktop with a display that has 67 percent more pixels than a 4K TV. The iPad Air 2 will have an entry point of $499 for a 16-GB...
Facebook and Apple, companies already known for their generous employee benefits, are raising the bar even more by paying for egg-freezing services for their female employees. Facebook began covering up to $20,000 in these expenses at the start of the year, and Apple will beginning covering them at ...
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