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Dear Floyd Mayweather, you’re why the SEC exists

9 years 3 months ago
 Dear Floyd Mayweather: While perusing Facebook, I chanced across your post drumming up interest in the upcoming Stox initial coin offering (ICO). I understand your motivations in wanting to diversify your portfolio of investments, but I caution that your actions are reckless and potentially financially damaging to you and your fans. Read More

Redfin soars 45% after IPO; CEO calls it ‘Amazon of real estate’

9 years 3 months ago
 It was a great day for Redfin, the Seattle-based real estate site that finally went public after 13 years as a startup. After pricing higher than expected at $15 per share and raising $138 million, the stock soared 45 percent before closing the day $21.72. This gives Redfin a market cap of $1.73 billion, well above its last private round, which was about $770 million. Redfin raised over… Read More

Gas pump card skimmer now phones home

9 years 3 months ago
 In an unsurprising move by credit card thieves, police have found a new credit card skimmer that sends stolen data via SMS. By tearing apart cheap phones, crooks are able to send credit card information to their location instantly without having to access the skimmer physically or rely on an open Bluetooth connection. Brian Krebs received images of the skimmer from an unnamed source. They… Read More

iRobot’s CEO says the company never planned to sell Roomba home mapping data

9 years 3 months ago
 This was not the conversation iRobot CEO Colin Angle expected to have this week. In the past few days, iRobot posted excellent Q2 earnings, thanks to brisk Prime Day Roomba sales, and acquired its largest European distributor in a $141 million deal. Yet the CEO and the company he founded were suddenly at the center of home privacy concerns over a report that he was looking to sell Roomba… Read More

Amazon reportedly acquired GameSparks for $10M to build out its gaming muscle

9 years 3 months ago
 Amazon and its enterprise cloud division AWS have been making a number of moves to expand the company as a platform to build and host games. One of the latest developments has been an acquisition: Amazon in the last quarter reportedly quietly acquired a company called GameSparks, a “backend as a service” for game developers to build various features like leaderboards into games,… Read More

Foxconn’s long con

9 years 3 months ago
 The political press ate it up, alternatively excoriating the program for costing too much in tax breaks and crowing a win for Wisconsin’s conservative governor, Scott Walker. I wouldn’t encourage either party to hold their breath. Gou is in the habit of promising big and rarely delivering. Four years ago business journals crowed about a plan to bring a Foxconn flat screen… Read More

Unhack the vote

9 years 3 months ago
 Voting is the free world’s Achilles heel and/or Trojan horse. Valid voters are suppressed. Vote audits are suppressed. Voter registration systems are hacked. And the worst-case scenario of all looms before us all like a monster in a horror movie: what if voting machines themselves are hacked, the “results” are faked and democracy is quietly cancelled without the general… Read More

Life Bot’s new Alexa app can text you reminders, help with daily activities

9 years 3 months ago
 A new voice app from Life Bot wants to make it easier to use Amazon Alexa as a digital assistant, by aiding with your daily routines and learning your personal preferences. At launch, Life Bot’s Alexa app has a handful of tricks up its sleeve. But Life Bot’s longer-term ambition is to learn from its users, then be able to kick-off personalized workflows with a single voice command. Read More

Placecast launches new product to verify the location data in mobile ad campaigns

9 years 3 months ago
 Alistair Goodman, CEO of mobile marketing company Placecast, said location data is the “next frontier” when it comes to ad measurement and verification. For example, Goodman pointed to a study by Factual and the Mobile Marketing Association that found that 40 percent of marketers are concerned about the quality of location data. He said there are a number of different… Read More

Microsoft’s slow creep back into mobile

9 years 3 months ago
 Despite an early lead with Windows Mobile and Windows CE — and spending billions on Nokia’s mobile business — Microsoft has been on its heels in the mobile device market since the one-two punch of iPhone and Android launching in 2007. The introduction of x86-compatible ARM chips and the rise of progressive web apps could drive a return to the mobile market for Microsoft. Read More

What to expect from Tesla as the Model 3 hits the road

9 years 3 months ago
 The first 30 Tesla Model 3s are officially being delivered to their owners later today, meaning there’s a non-zero chance you’ll see them on roads in California, and not for testing. Gradually, that number of Model 3s on real streets driven by people just going about their daily lives will grow, and Tesla says it hopes to be producing 100 in August, then 1,500 by September, and as… Read More

Stitch Fix has confidentially filed for an IPO

9 years 3 months ago
 Stitch Fix has filed confidentially for an initial public offering, setting itself up for another big test for the IPO market in the near future. This marks the beginning of the official beginning of the process ahead of the S-1 filing where the company will formally disclose its financials. Read More

Apple paid Nokia $2 billion as part of a patent lawsuit settlement

9 years 3 months ago
 After a quick fight, Apple and Nokia settled a patent lawsuit back in May. But the two companies didn’t comment on the value of this settlement. While terms of the deal are still undisclosed, Nokiamob first spotted that Nokia announced that it has received a $2 billion upfront cash payment from Apple (€1.7 billion). This seems like quite a lot of money, but Nokia won’t get $2… Read More

CocuSocial is a marketplace for affordable cooking classes

9 years 3 months ago
 CocuSocial was founded on a simple premise: traditional cooking classes, while fun, are usually way too expensive and intensive. This means that many potential customers may be scared away by thinking they can’t afford a cooking class or it’s going to be geared towards participants with a higher skill set. And this is partially true – classes at places like Sur la Table can… Read More

Twitter tests a $99 monthly automatic Tweet promotion service

9 years 3 months ago
 Twitter might have found an interesting halfway point between charging subscriptions and its traditional advertising revenue model – automatic promoted tweets for a flat $99 monthly fee, which could appeal to power users and brands alike. The service, spotted by Matt Navarra when Twitter emailed him as a past Twitter Ads user, “automatically amplifies your tweets and profile”… Read More

Amazon gets into shoes and handbags with its new private fashion label ‘The Fix’

9 years 3 months ago
 Amazon is again expanding its presence in the fashion industry with this week’s launch of yet another private label brand, The Fix. The new label for Prime members is aimed at women and features shoes and handbags inspired by designer trends, but available at discounted prices. Unlike designer collections, The Fix will release new styles on a monthly – not seasonal – basis.… Read More

Apple’s Lisa Jackson to talk about the environmental and social role of tech companies at Disrupt SF

9 years 3 months ago
 The tech industry has become so big that it now plays a much bigger role than just enabling productivity and fostering economic growth. Apple VP of Environment, Policy and Social Initiatives Lisa Jackson knows this perfectly well as she’s responsible for making sure that Apple doesn’t make any compromise in favor of unrestrained growth. That’s why we’re excited to talk… Read More
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