[ad_1] The news comes as a surprise, given that things seemed to be going well for Anki. Since its launch in 2010, the startup has raised more than $200 million in venture capital. Its main products Cozmo and Vector seemed to be successes. Vector launched last fall after a $2 million Kickstarter campaign, and most […]
Category: business
Alphabet continues to spend hundreds of millions on ‘other bets’
[ad_1] The EC fine did make a dent in Alphabet’s net income, with the number dropping to $6.6 billion with the fine taken into account, compared to the $8.3 billion it would be without. That’s a few hundred million less than Q4 2018, when Alphabet made $8.9 billion. Of note is the fact that Google’s […]
Marriott plans to take on Airbnb with its own home-rental service
[ad_1] Marriott recently completed a pilot, in which it rented 340 properties in Paris, Rome, Lisbon and London. The pilot is expected to serve as a model for a US-based, home-rental program. Though, we don’t know when or where that will launch. With about 1.3 million guest rooms globally, Marriott is the world’s largest hotel […]
Spotify has 100 million Premium users
[ad_1] Despite only launching in India at the end of February, Spotify has already started to build an audience in the country. The company says that more than a million users signed up in the first week, a figure that has more than doubled in the following four weeks. Unfortunately, despite those numbers going up, […]
E*Trade may offer trading for Bitcoin and Ethereum
[ad_1] E*Trade wouldn’t comment on the report. While trading in virtual currencies certainly isn’t a novelty, E*Trade’s involvement could give it legitimacy among mainstream investors who might not want to venture beyond familiar names or are skittish given the occasional scandal. The influx of more conventional traders might also help stabilize a crypto market that […]
Microbiome testing startup faces FBI investigation over billing
[ad_1] The specifics of those practices aren’t clear, although insurance companies like Aetna, Anthem and Regence Blue Cross Blue Shield are also said to be looking into uBiome’s billing habits. An unnamed member of the insurance industry told the WSJ that uBiome had billed some patients who had private Medicare plans, while one customer complained […]
Google staff share claims of company retaliation in town hall meeting
[ad_1] Stapleton and Whittaker started the outcry after explaining their own accusations. Stapleton said she was going to be demoted from her marketing role at YouTube and was asked to take a medical leave she didn’t need, saving her position only after she retained a lawyer. She added in email that the “environment remains hostile.” […]
Ford under criminal investigation for miscalculating vehicle emissions
[ad_1] In February, Ford launched its own investigation into emissions testing practices at the prompting of employees who noticed inconsistencies in results. The whistleblowers believe that Ford may have been miscalculating “road load,” or factors that affect a car while it is traveling. That includes aerodynamic drag and tire resistance. A lab test that doesn’t […]
SEC, Elon Musk reach an agreement about his tweeting
[ad_1] Ever since Elon Musk tweeted about taking Tesla private his use of the platform has been troublesome in the government’s eyes, but today the CEO reached an amended agreement with the SEC. According to Reuters, if a judge approves the deal then charges of contempt in his earlier settlement will be dropped. It requires […]
Racism accusations rock esports team Echo Fox
[ad_1] Here’s how Echo Fox explains the situation (emphasis original): There have been incidents in recent weeks in which a limited partner of the Echo Fox organization, who is not an employee, officer or director of Echo Fox, used a racial epithet towards individuals both verbally and via email. One such incident was detailed in […]