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Apple plans some hiring reductions after selling fewer iPhones - Bloomberg

Apple Inc will cut back on hiring for some divisions after lower-than-expected iPhone sales and missing its revenue forecast for the holiday quarter, Bloomberg reported on Wednesday, citing sources familiar with the matter.
Tags: Apple, Money, Bloomberg, businessNews, Apple Inc


A deep dive into the technical feasibility of Bloomberg's controversial "Chinese backdoored servers" story

Last October, Bloomberg published what seemed to be the tech story of the year: a claim that Supermicro, the leading supplier of servers to clients from the Pentagon and Congress to Amazon, Apple and NASA, had been targeted by Chinese spies who'd inserted devastating, virtually undetectable hardware backdoors into their motherboards by subverting a small subcontractor in China. But the story didn't quite add up. After it was published, the tech giants implicated in it released detailed, une...
Tags: Apple, Google, Amazon, Post, Floss, News, Congress, Snowden, Spooks, China, Bloomberg, Nasa, Infosec, Badusb, Pentagon, Bmc


How the new VR screen could end the smartphone

Philip Rosedale Contributor Philip Rosedale is co-founder and CEO of High Fidelity. A smartphone screen is a wonder of the world. It’s not just that it’s bright and colorful and sharp. In some ways, it’s as good as human biology allows. We’ve packed so many pixels into such a small space that any more would be lost on us. We can’t make the screens themselves bigger, because then they’d become too large to hold. The only way to get more information from a smartpho...
Tags: Apple, Google, Column, Tech, Bloomberg, Virtual Reality, Magic Leap Avegant, Philip Rosedale Contributor Philip Rosedale, Apple Microsoft Google HTC, Carmelo Geraci, Hoxton Paul Bradbury, Apple Microsoft HTC Google


US Now Says All Online Gambling Illegal, Not Just Sports Bets

An anonymous reader quotes a report from Bloomberg: The U.S. Justice Department's decision that all internet gambling is illegal will cast a pall on the industry as businesses and state lotteries evaluate the implications of the change and the government's plans to enforce it. The U.S. now says federal law bars all internet gambling, reversing its position from 2011 that only sports betting is prohibited under a law passed 50 years earlier. Although the federal law specifically prohibits transmi...
Tags: Supreme Court, US, Los Angeles, Tech, Bloomberg, Justice Department, U S Justice Department, Office of Legal Counsel, Glaser Weil Fink Howard Avchen Shapiro LLP, Aaron Swerdlow


Campaign Monitor acquires email enterprise services Sailthru and Liveclicker

CM Group, the organization behind email-centric services like Campaign Monitor and Emma, today announced that it has acquired marketing automation firm Sailthru and the email personalization service Liveclicker. The group did not disclose the acquisition price but noted that the acquisition would bring in about $60 million in additional revenue and 540 new customers, including Bloomberg and Samsung. Both of these acquisitions quietly closed in 2018. Compared to Sailthru, which had raised a...
Tags: Fundings & Exits, Startups, Enterprise, Email, Marketing, Samsung, Tech, Bloomberg, E-commerce, Personalization, Campaign Monitor, Sailthru, Exit, Marketing Automation, Emma, TJX


Apple's $24 million chip executive is reportedly on Intel's short list for new CEO, but it's not clear if he'd be willing to make that jump (INTC)

It's been six months and Intel still hasn't found a new CEO. Intel has reportedly put Apple senior VP of hardware technologies, Johny Srouji, on its wish list. If Intel could convince Srouji to become its new CEO, it would be a big win for the company. But that's a big if. If there's one sure-fire way for Intel to turn the fiasco of its six-month vacant CEO slot into a big win for the company, it's this: lure Apple senior vice president of hardware technologies, Johny Srouji, into becoming th...
Tags: Apple, Motorola, Microsoft, Satya Nadella, Israel, Trends, Bloomberg, Intel, Chicago, Tim Cook, SEC, Qualcomm, James, Johny Srouji, Brian Krzanich, Angela Ahrendts


Pia d’Iribarne joins Stride.VC as third partner

It turns out Stride.VC isn’t going to focus exclusively on the U.K. after all. Pia d’Iribarne is leaving Accel to join Stride.VC as a partner. Stride.VC was originally co-founded by former Accel partner Fred Destin along with Harry Stebbings, producer of “The Twenty Minute VC” podcast. Back in October, when TechCrunch’s Steve O’Hear covered the official closing of the £50 million fund, the pair said that they would focus on the U.K. at first. Arj Soysa also joined the firm as operating par...
Tags: Startups, Europe, London, France, Tech, Bloomberg, Paris, Venture Capital, Felix Capital, Accel, Fred Destin, DESTIN, Natasha Lomas, Steve O'Hear, Harry Stebbings, Stebbings


Democratic texting platform Hustle lays off a big chunk of its staff

The company behind a texting platform that powered more than 1,300 Democratic campaigns has slashed its staff in the lull following the 2018 midterms. Hustle co-founder and CEO Roddy Lindsay, a former Facebook engineer, disclosed the layoffs in a recent Medium post, apologizing for the choices that led up to the decision to “right-size” Hustle’s team. “… While we have an exciting set of initial commercial customers using Hustle successfully, it was premature to aggressively expand our team — ...
Tags: TC, Facebook, Politics, Government, Tech, Bloomberg, Bernie Sanders, Hustle, Democratic Party, Lindsay, 2018 Midterm Elections, Roddy Lindsay, Insight Venture Partners Less


Too Many Workers Are Trapped By Non-Competes

Why have wages been so slow to rise at a time when demand for workers has pushed the U.S. unemployment rate to its lowest point in nearly half a century? One answer: contracts that tie millions of unspecialized workers to their jobs. Bloomberg reports: In far too many cases, these so-called noncompetes are an unwarranted restriction on freedom to transact and a drag on growth. If Congress won't act to narrow their scope, states should take the lead. The desire to keep workers from defecting to r...
Tags: Congress, Tech, Bloomberg, House Of Lords


A growing number of companies are flashing a warning sign on China's economy

Trade tensions have added to a policy-engineered slowdown in China. Last week, Apple blamed slowing economic growth there as it cut its revenue forecast. Several other large companies have issued similar warnings about the second-largest economy. Apple rattled global markets last week as it cited cooling activity in China as a risk to revenue, underscoring expectations for the second-largest economy to slow. And it was far from alone in its warning. Prominent companies around the world h...
Tags: Apple, China, US, Samsung, Trends, Nike, Bloomberg, Tim Cook, Starbucks, Reuters, Greater China, Andy Campion, China Passenger Car Association, Patrick Grismer, Samsung Samsung Electronics, HI Investment Securities


Netflix analysts answer critical questions about the streaming giant and the future of the industry (NFLX)

Netflix jumped to a three-month high Friday following bullish commentary from UBS. The firm's analysts broke down several key questions surrounding Netflix and the future of streaming itself. The analysts also outlined their long-term view that Netflix should achieve higher margins than Wall Street currently expects as its content spend is now at a scale of the "major media companies." Watch Netflix trade live. Netflix shares soared to a three-month high Friday on the back of a bullish UBS r...
Tags: Google, Asia, Taylor Swift, India, US, Trends, Bloomberg, Netflix, Ubs, Goldman Sachs, Hulu, Latin America, Blackrock, Amazon Prime Video, Sheridan, NFLX


Weekend reading: British passport no longer rules the waivers

What caught my eye this week. G ot your passport ready and your bag packed for the last flight out of Heathrow when Britain goes all 21 Days Later on Brexit Day? The good news is even I don’t think that’s going to happen. We’ll be more in for months of Dad’s Army amateurism should we leave with no-deal on the 29th March. But the reviled metropolitan elites will immediately put their brains towards sorting out the mess foisted upon them, and anarchy will be avoided.1 The bad news is Britain has...
Tags: Google, Europe, Japan, UK, China, India, Marketing, US, Cbi, Eu, Bloomberg, Britain, Labour, John Bercow, Fca, Heathrow


World’s most valuable AI startup SenseTime unveils self-driving center in Japan

The world’s highest-valued artificial intelligence startup SenseTime has set foot in Japan. The Beijing-based firm announced on Friday that it just opened a self-driving facility in Joso, a historic city 50 kilometers away from Tokyo where it plans to conduct R&D and road test driverless vehicles. The initiative follows its agreement with Japanese auto giant Honda in 2017 to jointly work on autonomous driving technology. SenseTime, which is backed by Alibaba and last valued at more than $4.5 ...
Tags: Transportation, Asia, Japan, China, Softbank, Tech, Bloomberg, Artificial Intelligence, Beijing, Automation, Alibaba, Transport, Tokyo, Self-driving Cars, Baidu, Honda


Google board sued for $90 million payout to Andy Rubin amid sexual abuse probe

“While at Google, Rubin is also alleged to have engaged in human sex trafficking -- paying hundreds of thousands of dollars to women to be, in Rubin’s own words, ‘owned’ by him.” The Board of Directors of Alphabet Inc., parent company of Google, has been sued by shareholders for okaying that $90 million exit payment to Andy Rubin, the Android mobile software superstar developer, while actively covering up abuse committed by him and other executives. Rubin was credibly accused of violently se...
Tags: Google, Post, Business, Technology, News, California, Tech, Bloomberg, Larry Page, New York Times, Sergey Brin, Sexual Abuse, Sexual Harassment, John Doerr, Ram Shriram, Alphabet


Alphabet's board of directors is being sued for allegations that it covered up claims of sexual harassment by top executives (GOOG, GOOGL)

Alphabet's board of directors are being sued over allegations of covering up company executives accused of sexual harassment or discrimination.  The lawsuit, on behalf of an Alphabet shareholder, cites Android creator Andy Rubin's alleged $90 million exit package following an internal investigation into his behavior. “Rubin was allowed to quietly resign by defendants Larry Page and Sergey Brin after an internal investigation found the allegations of sexual harassment by Rubin to be cred...
Tags: Google, Facebook, California, Trends, Bloomberg, Larry Page, New York Times, Sergey Brin, Jeff Bezos, Times, Alphabet, San Francisco City, Rubin, Brin, Andy Rubin, Google s Board


Google's top lobbyist reportedly sent his staff a blank organization chart making employees fear for their jobs (GOOG)

Google's head of public policy Karan Bhatia has reportedly hinted at restructuring the company's Washington, DC, team responsible for lobbying on Capitol Hill. Sources told Bloomberg that Bhatia shared a blank organizational chart that had only his own name filled in at the top. The chart prompted employees to fear for their jobs. Bhatia joined Google in June to head up the company's policy team, and has previously worked for General Electric, and as deputy U.S. trade representative under Geor...
Tags: Apple, Google, Ge, Congress, China, Trends, Bloomberg, Washington Dc, Dc, Jeff Bezos, General Electric, George W Bush, Sundar Pichai, Trump, Bhatia, Susan Molinari


Shutdown creates uncertainty over Uber and Lyft IPO timing

Uber and Lyft are still waiting for feedback from the U.S. securities regulator on their confidential submissions for IPOs, Bloomberg reports tonight, citing people familiar with the matter who aren't disclosing their identities. Donald Trump’s government shutdown over his demand for a wall on the U.S.-Mexico border has effectively halted all but basic operations at the Securities and Exchange Commission. No SEC means no IPOs. From Bloomberg, on how this impacts the Uber and Lyft IPO plans: ...
Tags: Lyft, Uber, Post, Business, Technology, News, Mexico, San Francisco, Bloomberg, SEC, Donald Trump, Shutdown, Securities And Exchange Commission, Trump, Uber and Lyft, Eli Lilly Co


Amazon is among JPMorgan's best ideas for 2019 — here's its big bull case (AMZN)

Amazon is among JPMorgan's best investment ideas for 2019, mostly due to its diversified revenue and profit sources. The firm explained its bull case in a detailed report distributed Wednesday. The stock rose 28% in 2018, handily outperforming the broader market during what turned out to be a brutal year for most assets. Still, it has fallen 19% from its all-time high of $2,050.50 in October. Watch Amazon trade live. Amazon is among JPMorgan's best investment ideas for the coming year, and ...
Tags: Google, Amazon, Facebook, Trends, Bloomberg, Jeff Bezos, Amazon Web Services, PillPack, Blackrock, Kroger, Jpmorgan, Davidson, MacKenzie, AMZN, Brian Wieser, Pivotal Research Group


A growing number of companies are flashing a warning sign on China's economy

Trade tensions have added to a policy-engineered slowdown in China. Last week, Apple blamed slowing economic growth there as it cut its revenue forecast. Several other large companies have issued similar warnings about the second-largest economy. Apple rattled global markets last week as it cited cooling activity in China as a risk to revenue, underscoring expectations for the second-largest economy to lose steam. And it was far from alone in its warning. Prominent companies around the w...
Tags: Apple, China, US, Samsung, Trends, Nike, Bloomberg, Tim Cook, Starbucks, Reuters, Greater China, Andy Campion, China Passenger Car Association, Patrick Grismer, Samsung Samsung Electronics, HI Investment Securities


Samsung Phone Users Perturbed To Find They Can't Delete Facebook

An anonymous reader quotes a report from Bloomberg: Nick Winke, a photographer in the Pacific northwest, was perusing internet forums when he came across a complaint that alarmed him: On certain Samsung Electronics Co. smartphones, users aren't allowed to delete the Facebook app. Winke bought his Samsung Galaxy S8, an Android-based device that comes with Facebook's social network already installed, when it was introduced in 2017. He has used the Facebook app to connect with old friends and to sh...
Tags: Facebook, Samsung, Tech, Bloomberg, Samsung Electronics Co, Menlo Park California, Samsung Facebook, delete Facebook, Winke, Nick Winke


Facebook is the new crapware

Welcome to 2019 where we learn Facebook is the new crapware. Sorry #DeleteFacebook, you never stood a chance. Yesterday Bloomberg reported that the scandal-beset social media behemoth has inked an unknown number of agreements with Android smartphone makers, mobile carriers and OSes around the world to not only pre-load Facebook’s eponymous app on hardware but render the software undeleteable; a permanent feature of your device, whether you like how the company’s app can track your every move ...
Tags: Apple, Android, Social, Facebook, Apps, Privacy, Advertising Tech, Samsung, Social Media, Tech, Bloomberg, Smartphones, Samsung Galaxy S8, Crapware, Jane Manchun Wong


Xiaomi Sinks After Billions of Shares Are Unlocked for Sale

It’s been painful: Xiaomi has dropped to HK$10.58 from a listing price of HK$17, falling another 4.7 percent by 1:17 p.m. local time. More than 3 billion shares were unlocked, equal to about 19 percent of those outstanding, according to data compiled by Bloomberg. The lockup period for controlling shareholders -- such as chairman and founder Lei Jun -- was extended Wednesday for another 365 days, Xiaomi said in a statement.
Tags: Science, Bloomberg, Xiaomi, Lei Jun


Xiaomi Plunges After Billions of Shares Are Unlocked for Sale

It’s been painful: Xiaomi has dropped to HK$10.50 from a listing price of HK$17, sinking another 5.4 percent Wednesday in early trading. More than 3 billion shares were unlocked, equal to about 19 percent of those outstanding, according to data compiled by Bloomberg. The lockup period for controlling shareholders -- such as chairman and founder Lei Jun -- was extended Wednesday for another 365 days, Xiaomi said in a statement.
Tags: Science, Bloomberg, Xiaomi, Lei Jun


WeWork rebranding won’t work

The company formerly known as WeWork has rebranded as the We Company — although a better name for its network of on-demand office spaces for the newly incorporated and nominally employed; co-living spaces for the same Easyjet-set; and educational and coding services could be “House of Cards”. News of the rebranding (first reported via Fast Company) comes on the heels of reports that the company would no longer be receiving a planned $16 billion golden parachute to escape a soon-to-be-sinking rea...
Tags: TC, Real Estate, Softbank, Tech, Bloomberg, Bank, WeWork, Easyjet, Fast Company, Neumann, Adam Neumann, Masayoshi Son, SoftBank Group, SoftBank Vision Fund, Real Estate Investment, Vision Fund


Plaid snags Quovo to build full-service financial API offering

Plaid, a startup that has made a name building APIs for financial services apps aimed at consumers, expanded its horizon today with the purchase of Quovo, a similar company with a focus on the investments side of the financial service business. Bloomberg reported the price tag could be as much as $200 million, but the company told TechCrunch that it is not sharing the price. It seems that Plaid, which has raised almost $310 million, including $250 million on a $2.65 billion valuation just last m...
Tags: Fundings & Exits, TC, Developer, Tech, Bloomberg, M&a, Financial Services, Plaid, Fintech, APIs, SoFi, John Hancock, Quovo, Lowell Putnam, Robinhood Quovo, Stifel Vanguard Empower Retirement


Billions of Xiaomi Shares Are About to Be Unlocked for Sale

It’s been painful: Xiaomi has dropped to HK$11.10 from a listing price of HK$17, sinking 7.5 percent Tuesday as JPMorgan Chase & Co. gave up its buy recommendation on the stock. More than 3 billion shares will be unlocked, equal to about 19 percent of those outstanding, according to data compiled by Bloomberg. Touted by bankers last year as China’s answer to Apple Inc., Beijing-based Xiaomi sought a valuation that would have made it the most expensive smartphone maker in the world.
Tags: Science, China, Bloomberg, Beijing, Xiaomi, Apple Inc, JPMorgan Chase Co


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Tuesday. The world's largest tech show CES has kicked off, and LG stole the show with a "rollable" TV that disappears into a box at the push of a button. When not being used, the skinny TV rolls down into a box that also doubles as a soundbar. Apple trolled Google with a massive billboard at CES, which it isn't even attending. The ad was positioned near Las Vegas' monorail system, whose shuttles are emblazoned with Google ads. SoftBank ...
Tags: Apple, Google, Amazon, Microsoft, Saudi Arabia, China, Softbank, Disney, US, Samsung, Trends, Bloomberg, Harvard, Canada, Las Vegas, WeWork


Samsung Joins Apple in the Revenue Estimate Hurt Locker

Earlier this month, tech giant Apple posted quarterly revenue projections of just $84 billion, much lower than its previous projections of $89 to 94 billion, setting off a “flash crash” in global currency markets. According to a Monday report by Bloomberg, its South Korea-based rival Samsung also appears to be hitting…Read more...
Tags: Apple, South Korea, Business, Science, Technology, China, Memory, Samsung, Bloomberg, Smartphones, Trade War, Samsung Joins Apple


Samsung Feels Apple's Pain as Technology Slowdown Hits Sales

The South Korean company’s operating income fell to 10.8 trillion won ($9.65 billion) in the period that ended in December, according to preliminary results released Tuesday, falling short of the 13.8 trillion-won average of analysts’ estimates compiled by Bloomberg. Deteriorating relations between the U.S. and China — Samsung’s two biggest export destinations — has hit demand for memory used in everything from personal computers to mobile devices, raising the pressure on a company struggling t...
Tags: Apple, Science, China, Samsung, Bloomberg, Samsung Feels Apple


Apple’s trillion dollar market cap was always a false idol

Let’s face it, we love large numbers. We are obsessed with them, whether it’s Forbes list of wealthiest individuals or tech unicorns, if it’s a big number we can’t get enough. Such is the case with the somehow magical trillion dollar mark that Apple briefly reached last summer. We splashed the headlines and glorified it as though it mattered…but it didn’t. It was just a number. Sure it showed the tremendous value of the Apple stock, but it was a moment in time fueled by an overheated stock ma...
Tags: Iphone, Apple, TC, Finance, China, US, Tech, Bloomberg, Economy, Tim Cook, Jeff Bezos, Forbes, Reuters, Market Cap, US China, Horace Dediu



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