President Trump has blocked Broadcom’s proposed buyout of Qualcomm, due to security concerns, according to a report on CNBC. The combination of the two chipmakers would have potentially been the biggest tech merger ever. Several proposed acquisition prices have been discussed, recently $117 billion. New: Full Text of Trump order blocking the merger of Qualcomm and Broadcom… Read More
12
Mar
2018
Trump blocks Broadcom’s takeover of Qualcomm
President Trump has blocked Broadcom’s proposed buyout of Qualcomm, due to security concerns, according to a report on CNBC. The combination of the two chipmakers would have potentially been the biggest tech merger ever. Several proposed acquisition prices have been discussed, recently $117 billion. New: Full Text of Trump order blocking the merger of Qualcomm and Broadcom… Read More
Out in the desolate wastes of deepest Iceland, magic blooms. The Icelandic sagas tell of fairy houses to magical rings that control the world and now one of those, the Wave, has landed on the Internet. The Wave is a ring that controls sound. It is essentially a wearable MIDI controller which lets you play and modify sounds as its made, allowing you to play music in thin air. It’s a…
Paul Vigna, along with his writing partner Michael Casey, are crypto gurus. A crypto critic and Wall Street Journal reporter, Vigna sees through the hype and looks for the value inherent in the crypto system. Vigna and I spoke during this, the 100th episode of Technotopia. Vigna has a lot to say about the market and feels that his new book, the Truth Machine, picks up where his and…
Stitch Fix, the on-demand fashion styling business, saw its shares quickly fall 6% following the bell on Monday, after missing earnings projections for its second-quarter release.
The company posted a diluted adjusted earnings per share of two cents, beneath the six cents that analysts surveyed by Yahoo! Finance were hoping for.
Revenue for the quarter surpassed expectations, however. The…
The American Civil Liberties Union of Northern California has filed a Freedom of Information Act lawsuit against the Transportation Security Administration over its alleged practices of searching the electronic devices of passengers traveling on domestic flights. “The federal government’s policies on searching the phones, laptops, and tablets of domestic air passengers remain…
Spotify announced today the launch of a new tool called Line-In that will allow its community members to offer input about the music data it has on file, like genre, mood, explicitness and more. The goal is to leverage the wisdom of the crowds in correcting and expanding Spotify’s data over time, which could give it a competitive advantage against rival services like Apple or Pandora,…
Lyft made a lot of progress in 2017, helped by strong market expansion within the U.S., and riding some very bad news from its primary rival Uber. That’s helped it grow revenue to over $1 billion as measured by GAAP standards for its fiscal 2017, with a particularly strong Q4 during which its revenue outpaced Uber’s by 2.75x, lifted (get it?) 168 percent year-over-year, vs. 61…