Baidu may be the dominant search company in China by some margin, but it is currently in the midst of its toughest period. The firm today reported its largest drop in profits since going public more than a decade ago as a result of a public enquiry following the death of a young man who took a cancer treatment advertised on its service. Read More
Uber Co-Founder Garrett Camp launches real estate venture, UpThere raises $77 million for its new cloud storage service, Oracle buys NetSuite for $9.3 billion, Apple sold its 1 billionth iPhone. Hyperloop Transportation Technologies to help build a train in Europe. All this on Crunch Report Read More
The media is passing through an awkward digital adolescence. With falling revenues and smaller newsrooms, the industry is being squeezed into an unfamiliar online space against its will. Publications with hundred-year pedigrees are having to rethink and relearn their trade from the ground up. Read More
A new study from SurveyMonkey Intelligence revealed the 30 most-downloaded and most-used apps in the American iOS and Android app stores so far this year.
Social media apps like Facebook, Snapchat and Instagram ruled over mobile games in the first six months of 2016.
Because Pokémon Go was released in the U.S. on July 6, that wildly popular new title didn’t even show in the… Read More
What do you know about the Clinton email scandal? If you’re anything like me, not much — yet! Let’s take a stroll into our political Swamp of Sadness where both parties are currently mired. One candidate became stuck there while trying to beat the dead horse of the Crooked Hillary meme and the other candidate is sinking simply because government email is just so damn… Read More
Nothing tells the story of how the Mexican tech ecosystem is steaming ahead in Latin America quite like the rise of fintech. The financial services space ticks all the right boxes entrepreneurs look for when launching a company. On the flipside, Mexico’s fintech industry has everything VCs daydream about. It’s worth taking a step back to analyze the forces driving Mexico’s… Read More
Sprig is making some changes to its delivery model, and in order to do it as efficiently as possible, the company is pausing its operations in Chicago and laying off seven team members across its marketing and operations teams. Sprig has also let go its local staffers in Chicago, the company later clarified, which includes its drivers and kitchen staff. In reviewing different aspects of the… Read More
When software developer Todd Moore wrote up the code for his now-famous White Noise app in 2008, it was a side project to him and one of the first mobile apps go live on the Apple app store. The app quickly climbed to the No. 1 spot in the Health and Fitness category, and has remained a top pick for years. At this point, Moore said, the White Noise app sees between half-a-million and a… Read More
Amazon reported earnings for its second fiscal quarter of 2016 today and for its AWS unit, it was once again a big quarter. AWS net sales hit $2.9 billion in the last quarter, up from $2.5 billion in net sales in the last quarter. That’s up from $1.8 billion in the year-ago-quarter. It’s worth noting that that’s a slightly slower quarter-to-quarter growth rate than in the… Read More
It used to be that only car companies could build cars. But this is the twenty-first century, when seemingly anyone can build a car or four, including a Chinese solar power company. Hanergy Holding Group, which manufactures thin-film solar panels, has created a Solar Vehicle Business Division that debuted four solar-powered prototypes in Beijing. In a world where anyone can come up with an… Read More
Amazon shattered expectations when it reported second quarter earnings after the bell on Thursday. Adjusted earnings per share came in at $1.78, when Wall Street was forecasting $1.11. Amazon also beat revenue predictions, posting $30.4 billion for the quarter when analysts were expecting $29.55 billion. Shares ticked up 2 percent in after-hours trading. The company saw a significant increase… Read More
While Alphabet’s core advertising business has often been questioned as the net value of its ads has been in decline, there’s one thing that’s hard to argue — it’s still one of the biggest technology businesses in the world, and it’s still growing. And it’s growing very quickly. Alphabet reported a second quarter that continued tech’s hot… Read More
Tech founder Gurbaksh Chahal appears to have handed over his CEO role at Gravity4 to his sister, Kamal Kaur, after a judge found last week that he violated his domestic violence probation.
Chahal has been removed from Gravity4’s leadership page and replaced by Kaur, who is currently listed as CEO of the company. Kaur previously held leadership roles at Chahal’s other companies… Read More
Takeout food delivery platform Grubhub stock soared 26 percent following a way-better-than-expected second quarter earnings release. The online marketplace connecting restaurants and takeout diners beat analysts expectations, both for revenue and adjusted EPS.
For the second quarter ended June 30, the company posted $120.2 million in revenue, whereas Wall Street was expecting $114.2 million. Read More
What do Marc Andreessen, Ron Conway and Naval Ravikant look like as emojis? For the launch of MovieLaLa‘s emoji marketplace MojiLaLa, the startup made a set inspired by tech’s best-known venture capitalists. The list could have included more of the great female and minority VCs like Mary Meeker, Charles Hudson and Aileen Lee. But here’s a look at caricatures of the 20 they chose. Read More
I’m going to put this right up front: Adr1ft isn’t for the weak of stomach. The virtual reality free-floating space survival sim left me a tad queasy, and I’m somewhere in the middle of the VR sickness sensitive spectrum. But for those looking to boldly barf where only Oculus Rift owners have barfed before, Adr1ft is launching on HTC Vive today. Even if you might feel a… Read More
After months of teasing, Microsoft is finally almost ready to give Minecraft Windows 10 Edition Beta users a taste of VR. In a blog post celebrating the first anniversary of Minecraft Windows 10 Edition Beta, Microsoft announced that support for the Oculus Rift will be coming “in the next few weeks” as a free update to existing users. People who want to get in on the action have… Read More
If you own both a Nest thermostat and an Apple Watch, you might’ve figured the two would’ve learned to play friendly by now. I mean, Apple Watch keeps you from having to pull your phone out of your pocket to see who’s bugging you while you’re trying to finish Stranger Things, Nest’s thermostat keeps you from having to pause Stranger Things just because you’re… Read More
Despite recent positive news and a renewed interest of international investors in the country, the reality is that Brazil is suffering. The country has endured a profound financial crisis for several years. As the mess untangles and we go up from what many experts consider the bottom, the consequences for the region’s overall economy are now very real. For investors, it’s a… Read More
This is one solution to the problem of 3D printer portability –though, it’s not particularly elegant, as far as such things go. Ultimaker 2 Go backpack is, quite literally, the device’s shipping box with a couple of shoulder straps, so you can roll into the maker party like,
The kit includes the aforementioned straps, a metal frame and screws, which anchor into the foam… Read More
