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Snap Inc. last week filed for a $3 billion initial public offering. The company's private market valuation is $17.8 billion, but investors reportedly have valued it at between $20 billion and $25 billion. "Twenty-five billion dollars is just nuts, but that's the market we're in," remarked Rob Enderl...
Amazon, which has moved forward aggressively in recent years to take control of its retail distribution chain, this week announced plans for a $1.5 billion Prime Air cargo hub in Kentucky. Amazon already employs more than 10,000 people at 11 fulfillment centers in the state. The company received abo...
The European Commission on Thursday announced three separate investigations into online pricing and other sales practices that may have breached EU antitrust rules. The EC investigations will assess whether consumers were able to enjoy cross-border choice when it came to buying video games and consu...
Wireless, telecom and pay TV -- including cable, satellite and Internet services -- are all on a growth trajectory, but each company is taking a different path. That means comparing them will be more difficult going forward. In the past, the companies in these sectors in many respects looked the sam...
Apple stunned Wall Street Tuesday afternoon, with Q1 earnings that set new quarterly unit and revenue records in key product segments, and its highest-ever earnings per share. Apple CEO Tim Cook told analysts that the company set all-time revenue and unit records for its iPhone and Apple Watch brand...
Silicon Valley is in an uproar over a proposed new executive order that would overhaul the existing policy on foreign worker visas. The Trump administration's goal apparently is to prioritize the hiring of American workers first and make other changes in the way U.S. companies can recruit skilled pr...
Every year in advance of the Super Bowl, there are big sales on TVs, and this year is no exception. It also could be a milestone, as TVs could be bottoming out. TV prices are near a record low, yet sales continue to slip. In the long run, that won't be good for the industry or consumers. There was a...
Facebook has announced that Hugo Barra would be onboarding the company to head up its virtual reality business, including the Oculus team. Barra just days ago announced his departure from Xiaomi. Barra will fill the void left last month, when Brendan Iribe stepped down as CEO of Oculus to head up a ...
Continued innovation and messaging are crucial for smart safety and security device manufacturers that want to capitalize on new opportunities in the emerging Internet of Things. Early adopters of smart devices are often drawn to the innovative design and technological gadgetry. However, mass market...
Google on Wednesday said it removed 1.7 billion bad advertisements from its various sites in 2016, more than double the prior year's totals. Google took several steps to crack down on the deceptive advertising, including updating its policies to protect users from "misleading and predatory offers." ...
President Donald Trump on Monday named Ajit Pai chairman of the Federal Communications Commission. Pai, who has been a Republican commissioner for the agency since 2012, replaced Tom Wheeler, whom President Obama appointed to the top FCC post in late 2013. With the new administration, Republicans ga...
Almost four years after being poached from a critical post at Google to join Chinese upstart Xiaomi, Hugo Barra on Monday announced he will return to Silicon Valley in February. Barra, who led the Xiaomi's overseas expansion as vice president, international, explained the move largely as a desire to...
There's a folk-story that all Japanese schoolchildren learn about an old man who lives in a village by the sea. One day, an earthquake hits. He's the only person in the village to realize that a tsunami will soon follow. He hurries to the nearby mountainside where the rice for the village is grown a...
Samsung is set to release the results of its Galaxy Note7 investigation on Monday, explaining the underlying causes of the problems that led to the phone's demise. The three independent quality control and supply chain analysis firms Samsung engaged to conduct the investigation concluded that the No...
Netflix generated $8.3 billion in global streaming revenue in 2016, with 35 percent year-over-year growth, it reported Wednesday. The company ended last year with 93.8 million members, including 19 million net additions -- up from 17.4 million new subscribers in 2015. Netflix's global revenue for th...
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