Why Tesla May Want to Launch Its Own Music Streaming Service

Jun 22 8:20pm Latest Articles in Technology
Reports that electric car maker Tesla is in talks with the major record labels about creating its own streaming service led to a lot of raised eyebrows Thursday with many wondering Why would billionaire Tesla founder Elon Musik want to venture into music According to a story...
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Crunch Report | Apple Rolls Out Early Version Of Its Safe Driving Feature

Jun 22 8:00pm TechCrunch » Mobile
 Today’s Stories  Do Not Disturb While Driving feature rolls out in Apple’s newest iOS 11 beta Sean Parker has left Spotify’s board; Padmasree Warrior, Thomas Staggs join in lead up to IPO Trump might kill next month’s new startup visa before it takes effect Facebook is testing a feature to prevent profile pictures being abused by other users Tantan, China’s… Read More...
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YouTube has 1.5 billion logged-in monthly users watching a ton of mobile video

Jun 22 7:00pm TechCrunch » Mobile
 This year at VidCon, YouTube shared some new metrics that really drive home how much it’s dominating mobile video usage and how quickly its service is gaining viewers on TVs. Read More...
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Here is the richest person in each U.S. state

Jun 22 6:01pm MarketWatch.com - Internet Industry News
In California, Mark Zuckerberg surpassed last year’s wealthiest resident, Oracle Corp. co-founder Lawrence Ellison.
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The Wall Street Journal: Uber lawyers: Kalanick knew of stolen Google driverless-car files, but didnt want them

Jun 22 5:27pm MarketWatch.com - Internet Industry News
Former Uber Technologies Inc. Chief Executive Travis Kalanick knew an engineer had allegedly stolen Google files before hiring the engineer last year, according to Uber’s attorneys.
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Steam Summer Sale gems: 15 great games under $5

Jun 22 5:14pm PCWorld Video Podcast
A cornucopia of richesSteam Summer Sales are a great time to pick up top-notch PC games for rock-bottom prices. Case in point: There are nearly 20,000 games on discount during Valve's 2017 sale, and nearly half of those are under $5.But a lot of those games are junk. So we spent hours sifting through the Summer Sale’s stock to find 15 great games that cost less than a fiver. These may not cost much, but each kicks a lot of ass.To read this article in full or to leave a comment, please click here...
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Periscope vows fix for broadcasters mad that they forfeit tips by deleting replays

Jun 22 5:05pm TechCrunch » Mobile
 Periscope’s new Super Hearts tipping feature that launched yesterday quickly sparked a backlash from the creators it was designed to help earn money. Broadcasters discovered that if they deleted the replay of one of their live videos before cashing out their tips at the end of the month, they’d lose any tips received during the stream. That meant if a video was overly personal… Read More...
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Cryptocurrency Craze Sends GPU Prices Skyrocketing Again

Jun 22 4:27pm ExtremeTechComputer Hardware & Software News | ExtremeTech
Cryptocurrency mining is driving GPU prices upwards again, only this time it's hitting both AMD and Nvidia. The post Cryptocurrency Craze Sends GPU Prices Skyrocketing — Again appeared first on ExtremeTech.
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7 Instances When Chinese Regulators Cracked The Whip On Internet/Media Firms

Jun 22 4:09pm Tech
China's authoritarian and communist regime has never shied away from controversies. So, when the oriental nation ordered a few web portals to shut down their audio and video streaming services fearing they carry inflammable political content, it came as a no surprise. A host of Chinese internet stocks, including Weibo Corp (ADR) (NASDAQ: WB), Momo Inc (ADR) (NASDAQ: MOMO), Phoenix New Media Ltd ADR (NYSE: FENG) and YY Inc (ADR) (NASDAQ: YY) swooned in reaction to the development. SINA Corp (NASDAQ: SINA), which has a stake in Weibo, also tumbled. Weibo confirmed that the State Administration of Press, Publication, Radio, Film and Television of the People's Republic of China or SAPPRFT has ordered local authorities to take measures to suspend audio and video services of some internet companies. This has been done on the pretext of these companies not possessing the required license for transmitting audio/video on the Web and posting certain commentary programs. The government claimed the political content carried by the websites violates state rules and social commentary incited negative opinions, according to Reuters. This Reuters report quoted a SAPPRFT statement, which said, This will provide a clean and clear internet space for the wide number of online user. The companies named by SAPPRFT include Weibo, the Chinese-equivalent of Twitter Inc (NYSE: TWTR), Phoenix New Media and video sharing website AcFun. Even as the news wreaks havoc on the Chinese internet space, Benzinga looked at instances ...Full story available on Benzinga.com...
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The Inside Story of Texas Instruments Biggest Blunder: The TMS9900 Microprocessor

Jun 22 4:00pm IEEE Spectrum Geek Life Channel
The TMS9900 could have powered the PC revolution. Here’s why it didn’t...
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The Texas Instruments 99/4: Worlds First 16-Bit Computer

Jun 22 4:00pm IEEE Spectrum Geek Life Channel
How a desire for corporate synergy gave rise to the “embarrassing” TI 99/4...
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Surprised Reactions To Oracle's Q4 Beat

Jun 22 3:49pm Tech
Oracle Corporation (NYSE: ORCL) announced its second-quarter earnings on Wednesday after the close. The company reported an adjusted EPS beat of $0.89 versus $0.78 and revenues of $10.89 billion compared to the $10.45 billion estimate. Oracle shares were up over 11 percent to $51.54 at Thursday’s open before pulling back to around $50.75. Here’s a summary of some of Wall Street’s reactions to the report. BMO: Strong Growth With More To Come BMO Capital Markets analyst Keith Bachman reiterated an Outperform rating with a price target raised from $48 to $57. Bachman highlighted strong operating margin expansion of 80 basis points year over year and 5.2 percent operating income growth year over year, but noted that the company’s increased software sales are likely unsustainable. Cash flows were also a point of interest, being stronger at this time than in the last two years, and expects both cash from operations and free cash flow growth to accelerate.
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A Tip Of The Cap To Red Hat's Strong Quarter: Sell-Side Roundup

Jun 22 3:38pm Tech
Red Hat Inc (NYSE: RHT) reported first-quarter non-GAAP net income of $0.56 Tuesday after the market close. The figures came in $0.06 higher than the $0.50 per share in the year-ago period, and the top line grew 19 percent to $677 million. Both metrics were ahead of the consensus estimates. The company raised its full year earnings per share and revenue guidance. In reaction to the results, Red Hat shares are surging up over 10 percent. Here is the sell-side round up on the financial results of Red Hat. BTIG: Maintains Buy, Raised Price Target To $120 BTIG analysts Joel Fishbein and Edward Parker believe the fiscal first quarter may prove to be a landmark quarter for Red Hat, bringing a strong validation to oft-cited claims that it is becoming an increasingly important strategic partner to enterprises trying to modernize their tech infrastructure. BTIG is of the view that the company can maintain double-digit revenue, operating income and earnings per share growth over the next few years, given the pickup in momentum with big customers. The firm termed the deal metrics as stellar, with strong cross selling seen. Additionally, the firm thinks increasing contribution from non-core solutions would drive higher deal value in the future. BTIG maintains its Buy rating on the shares of Red Hat and increased its price target from $95 ...Full story available on Benzinga.com...
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The Wall Street Journal: Wal-Mart asks vendors to not use Amazons cloud service

Jun 22 3:20pm MarketWatch.com - Internet Industry News
Wal-Mart says it has told some tech vendors to use a platform other than Amazon’s AWS cloud service.
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Here's How YouTube's New Policing Policies Will Impact Content

Jun 22 3:19pm Tech
Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) is fine-tuning its content policing on its YouTube platform. Earlier this week, Google senior vice president Kent Walker wrote an op-ed piece for the Financial Times outlining the proactive approach Google is taking to limit the amount of offensive and extremist content on YouTube. Google's Approach To YouTube Issues Google is using a four-pronged approach to tackle the problem: 1. Google intends to increase its reliance on automated content monitoring software by training its “content classifiers” to quickly identify and remove offensive content via machine learning. 2. Google also plans to rely more heavily on its team of expert human Trusted Flaggers, who scour YouTube looking for content that has been flagged by users as inappropriate. 3. Google plans to launch more counter-radicalization efforts, such as its Creators for Change program, which redirects users who have been targeted by radical groups such as ISIS to ...Full story available on Benzinga.com...
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A cable company is quietly the second largest IPO of the year

Jun 22 3:16pm MarketWatch.com - Internet Industry News
Cable company Altice USA made its market debut Thursday, quietly entering the scene as the second-largest initial public offering of the year and the biggest telecom offering since 2000.
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Exclusive: Amazon to charge $2.8 million for NFL ad packages - sources

Jun 22 2:57pm Reuters: Technology News
NEW YORK (Reuters) - Amazon.com Inc is looking to charge advertisers $2.8 million for packages that include 30-second spots during the Thursday night National Football League games it will stream live to its Prime customers this coming season, two people familiar with the matter told Reuters.
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Outside the Box: Uber must raise fares and do 5 more things to survive

Jun 22 2:55pm MarketWatch.com - Internet Industry News
Uber risks burning through its remaining $7 billion in startup capital within about three years and then going out of business.
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Adobe CEO Touts Microsoft Partnership

Jun 22 2:43pm Tech
Adobe Systems Incorporated (NASDAQ: ADBE) announced in March a new partnership with Microsoft Corporation (NASDAQ: MSFT) to create a shared data format between Adobe's Marketing Software platform (re-named Experience Cloud) with Microsoft's sales software, Dynamics. The potential for business transformation from the partnership is vast, Adobe Chairman, President and CEO Shantanu Narayen told Jim Cramer. The partnership stems from a desire of both companies to automate both ...Full story available on Benzinga.com...
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Could Barack Obama Be The New CEO Of Uber?

Jun 22 2:41pm Tech
Obama to lead Uber? It is a realistic possibility according to Trip Chowdhry, the managing director of Global Equities Research. “Developers believe that US Ex-President Barack Obama may become the new CEO of Uber. Ex-President Obama would be an exceptional, out-of-the-box and a perfect CEO for Uber,” Chowdhry noted. Since leaving office, Obama has been spotted golfing in Palm Springs, kite surfing at the Virgin Islands and signed a book deal in New York. Is Uber headquarters in San Francisco his next stop? Could Obama Help Uber Escape The Controversy? While Chowdhry noted Uber’s valuation will still most likely collapse if Obama was named CEO, it could be a move to prevent the company from completely falling apart. Uber has been hammered as some of the company’s largest investors have become more and more vocal on Uber’s poor leadership structure. Uber has been dealing with public relations nightmares ...Full story available on Benzinga.com...
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CEO Zuckerberg tweaks Facebook mission to focus on groups

Jun 22 2:26pm Reuters: Technology News
SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg revised the world's largest online social network's mission statement on Thursday to emphasize support for hobby clubs, civil society organizations and other community groups.
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Trump meets wireless, drone executives on new technologies

Jun 22 2:09pm Reuters: Technology News
WASHINGTON (Reuters) - U.S. President Donald Trump offered support for emerging technologies including unmanned aerial vehicles and next-generation wireless networks in a meeting on Thursday with the chiefs of AT&T Inc and General Electric Co and other business leaders.
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A Message For Uber: You Can't Scale Bad Culture

Jun 22 1:58pm Tech
Loup Ventures analyst Doug Clinton has a message for Uber: “Bad culture doesn’t scale.” Clinton published a note Thursday detailing the fatal flaw in Uber, which recently took its latest victim: now-former CEO Travis Kalanick. A Unicorn Time Bomb Clinton noted that a poor work culture does not automatically translate to a failing business, and Uber very well is one such case, but “a unicorn with bad culture is a unicorn with a bomb strapped to its back.” The company’s time bomb has been more like a nuclear chain reaction, beginning with Susan Fowler’s sexual harassment allegations and followed by two company-wide probes, an exodus of senior executives, multiple lawsuits ranging from intellectual property theft to police evasion and a social media campaign to abandon the service. Clinton pointed out that Uber’s bad culture was no secret, and its aggressive quality is also ...Full story available on Benzinga.com...
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2 Out Of 3 Households Are Home To A 'Gamer,' But It May Not Be The Family Member You Expect

Jun 22 1:38pm Tech
Kathy Wood popped into her fellow math teacher’s room and was greeted by a not-so-unusual question: “Hey, Mrs. Wood, is it true that you play ‘Call of Duty?’” Until age 58, when her son and motivation-to-play departed for college, her answer was a casual “yes.” Wood joined the gaming scene around age 46, when she bought Andrew a Nintendo Co., Ltd (ADR) (OTC: NTDOY) console so he could relate to his kindergarten classmates. She took a tentative step into the $30.4 billion market, first enticed by the mathematical elements of “Dr. Mario,” and then leapt. Over the years, she and Andrew took on the Wii and its sports portfolio before eventually migrating to Sony Corp (ADR) (NYSE: SNE)’s PlayStation and Microsoft Corporation (NASDAQ: MSFT)’s Xbox. “As he got toward middle school, of course it’s harder to bond with a son, being a female parent, so we started playing ‘Halo’ and ‘Call of Duty,’” she said. A Common Demographic Wood ...Full story available on Benzinga.com...
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What The Heck Happened To The Price Of Ethereum?

Jun 22 1:31pm Tech
Ethereum, a digital currency, lost close to 100 percent of its value on Wednesday before staging a quick rebound, CNBC reported. The price of ethereum, a rival to bitcoin, was trading at around $319, but within a second, it crashed to as low as 10 cents after a large market sell order worth millions of dollars was placed on the GDAX cryptocurrency exchange. Adam White, a vice president of the exchange, explained ...Full story available on Benzinga.com...
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Uber Employees Are Circulating A Petition To Reinstate Travis Kalanick

Jun 22 1:31pm BuzzFeed - Tech
Uber employees are circulating a petition to reinstate Travis Kalanick as chief executive, two days after his resigned following months of scrutiny.Managers are sending the petition to employees, according to sources at the company and a screenshot provided to BuzzFeed News. Uber is TK and TK is Uber, the note reads, referring to Kalanick's internal nickname. TK, no matter his flaws (everyone has them) was one of the best leaders I have seen, the email continues.The email also said employees should contact Uber board members Arianna Huffington and Garrett Camp, as well as former member Bill Gurley, to let them know they are unhappy that Kalanick resigned.“A lot of people are extremely loyal to and in the cult of personality he had, one engineer told BuzzFeed News.Another employee told BuzzFeed News the petition was ridiculous, and that TK knew there were cultural problems and ignored it. Asked if this employee would sign the petition, the person said hell no. Kalanick's resignation came one week after he said he would take a leave of absence and return as “Travis 2.0 to become the leader that this company needs and that you deserve.”An Uber spokesman did not immediately return a request for comment.
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Steam's Summer Sale kicks off with a $15 Steam Link, game discounts galore, and digital stickers

Jun 22 1:31pm PCWorld Video Podcast
School’s out, and you know what that means: Time to draw the blinds and catch up on the games you’ve missed this year. Or, if you’re a working adult...well, business as usual I guess. But hey! The Steam Summer Sale is back for yet another year of discounts, running from today until July 5 at 10 a.m. Pacific.Steam Summer Sales aren’t nearly as special as they used to be, given the number of sales year-round and the excision of the old Daily Deals, Flash Sales, and everything else that used to make rampant consumerism feel like an “event.” Still, it’s a good chance to fill up your library, try some games you might otherwise not bother with, and generally celebrate video games as a creative medium.To read this article in full or to leave a comment, please click here...
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Why I've changed Facebook's mission

Jun 22 1:16pm Technology news - CNNMoney.com
Mark Zuckerberg explains why Facebook is moving on from just friendships to community building.
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Virgin Mobile has a $120 discount on an instantly unlockable 32GB and 128GB iPhone SE

Jun 22 1:14pm PCWorld Video Podcast
Virgin Mobile is becoming America's first iPhone-only carrier, and to celebrate its collaboration with Apple, it's launched heavy deals on a year's worth of cell service and the purchase price of a new iPhone SE.For existing customers and new customers who port-in a number, Virgin Mobile will give them a year's worth of unlimited talk, text, and data service for $1 when they purchase a new iPhone and sign up for Auto Pay. To help sweeten that deal even further, the virtual network carrier is offering $120 off an unlockable 32GB and 128GB iPhone SE.To read this article in full or to leave a comment, please click here...
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Mozilla improves CSS Grid Inspector in Firefox Nightly

Jun 22 1:13pm gHacks Technology News | Latest Tech News, Software And Tutorials
Mozilla announced just a moment ago that it has improved the CSS Grid Inspector of Firefox's integrated Developer Tools significantly. The new functionality has been added to Firefox Nightly, the cutting edge development version of the Firefox web browser that gets new features first before they migrate to Beta and then to Stable versions of […] Ghacks needs you. You can find out how to support us here or support the site directly by becoming a Patreon. Thank you for being a Ghacks reader. The post Mozilla improves CSS Grid Inspector in Firefox Nightly appeared first on gHacks Technology News.
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Trump Plays With A Drone And Meets With Emerging Tech Leaders

Jun 22 1:11pm BuzzFeed - Tech
Pool / Getty Images President Donald Trump met with a disparate group of startup founders, venture capitalists and public company executives on Thursday in a gathering that was meant to showcase how his administration will promote emerging technologies and entrepreneurship. In the final event of the White House’s “tech week,” the president cradled a four-propeller flying robot, engaged in a demonstration on 5G internet, and discussed how the government can better regulate and encourage investments in drones, web-connected devices, and 5G internet.Fresh from an invigorating 70-minute speech in Cedar Rapids, Iowa, the night before, the president promised that his administration would give the US-based entrepreneurs assembled in the East Room “the competitive advantage” that they needed.There have been “too many years of excessive government regulation,” said Trump. “We have had some regulation that has been so bad, so out of line, that it has really hurt our country.”While Trump met with the leaders of Apple, Amazon, and other tech behemoths on Monday to discuss topics such as immigration and modernizing government infrastructure, Thursday’s gathering — organized by the Office of Science and Technology Policy and the US deputy chief technology officer, Michael Kratsios — was intended to be more forward-looking. [There will be] technological revolutions that could improve every aspect of our lives and create vast new wealth for american workers and families and open up new frontiers in science, medicine and communication, Trump said.The attendees of Thursday’s meeting had convened earlier in the day in three separate discussions — one on commercial drones, one on web-connected devices and 5G internet, and a third on financing emerging tech. After closed-door discussions, attendees met with the president for about an hour before he departed — to tweet that he didn’t tape former FBI director James Comey, and to watch over the unveiling of the much-anticipated Senate health care bill. No drones were flown in the White House. Participants from the drone industry included Airspace CEO Jaz Banga, PrecisionHawk’s Michael Chasen, AirMap CEO Ben Marcus, and Kespry CEO George Mathew, who showed off one o...
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Lyft tells employees not to 'gloat' over Uber crises

Jun 22 1:10pm Technology news - CNNMoney.com
The wheels may be coming off Uber, but Lyft is telling its employees not to rubberneck.
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Your Digital Self: Startup accelerators are aiming to disrupt these industries

Jun 22 12:56pm MarketWatch.com - Internet Industry News
Airbnb was helped by a startup accelerator, which provides funding for a chunk of equity.
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Hello, Mr. Chips: A Look At AMD's Wild Year

Jun 22 12:42pm Tech
Advanced Micro Devices, Inc. (NASDAQ: AMD) shares soared on Wednesday after the company provided details on its newly-launched EPYC server processor. With EPYC, AMD is taking dead aim at the x86 server chip market that is currently more than 99 percent controlled by rival Intel Corporation (NASDAQ: INTC). As of noon Thursday, AMD was trading around $14.41, up another 3 percent on the day and 28 percent year-to-date. Wild Ride AMD shareholders have been on quite a ride since the stock bottomed at $1.75 in early 2016. The stock rallied throuhout much of 2016 and reached a new 52-week high of $15.55 by late February 2017 in anticipation of the launch of its new Ryzen chips. Investors were betting on the disruptive potential that Ryzen chips could have on the gaming CPU market. However, it dipped back as low as $9.85 in early May after the company reported ...Full story available on Benzinga.com...
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The Wall Street Journal: Reddit is getting a makeover and video ads to attract advertisers

Jun 22 12:40pm MarketWatch.com - Internet Industry News
While Snapchat had its Ferris wheel and Google and Facebook had their beach setups, Reddit was low-key at the Cannes Lions ad festival this year, renting a modest apartment near the action on the busy coastline.
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Confidence And Hubris: Cramer Appreciative Of Oracle's Conference Call

Jun 22 12:35pm Tech
CNBC's Jim Cramer, a conference call aficionado, explained on Thursday why investors should be encouraged by Oracle Corporation (NYSE: ORCL)'s conference call after its earnings report Wednesday. There are two qualities Cramer appreciates on a conference call which are seldom found anymore: confidence and hubris. In Oracle's case, the confidence and hubris factor was times ten and certainly deserving. These guys have pulled off the battleship that International Business Machines Corp. (NYSE: IBM) can't do yet, Cramer explained Thursday morning. They actually went to the cloud with remarkable growth. The clients they racked up this ...Full story available on Benzinga.com...
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Beer Goggles: What if Amazon disrupts the heavily regulated beer industry with Whole Foods?

Jun 22 12:30pm MarketWatch.com - Internet Industry News
It could be done — and just might happen — but there are many political hoops, says Jason Notte.
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The Ratings Game: Oracles stock surge sends analysts scrambling to boost targets

Jun 22 12:17pm MarketWatch.com - Internet Industry News
Oracle’s stock surge into record territory after blowout results sends Wall Street analysts scrambling to raise their price targets.
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The Wall Street Journal: Aviation industry wants to strengthen cybersecurity defenses but disagrees on how

Jun 22 12:17pm MarketWatch.com - Internet Industry News
Escalating concerns about cyberthreats are prompting the aviation industry to devise an unlikely new safeguard: real-time warnings to pilots about potential hacking attempts. Yet there isn’t an industrywide consensus on the concept.
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Mark Zuckerberg explains why he just changed Facebook's mission

Jun 22 12:14pm Technology news - CNNMoney.com
Mark Zuckerberg explains why Facebook is moving on from just friendships to community building.
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Jack Ma And UPS CEO David Abney On The China Opportunity

Jun 22 12:13pm Tech
Entrepreneurs are living through a critical time of transition in technology, business and globalization, Alibaba Group Holding Ltd (NYSE: BABA) Executive Chairman Jack Ma said Wednesday in Detroit. The companies that use the internet well in the coming years “will win,” Ma told an audience of 3,000 small business people at Alibaba’s Gateway ‘17 gathering. “We are in a critical period of technology revolution. In every technology revolution, the first 50 years are critical.” The affable and sometimes humorously self-deprecating 52-year-old billionaire said that while he believes emerging artificial intelligence technology will kill some jobs in the short term, it will create them in the long term. “Machines will be smarter, but humans are always wiser,” Ma said. The Gateway ‘17 conference, the first of its kind to be held by Alibaba in the U.S., focuses on connecting American entrepreneurs with the Chinese market. China’s growth will fundamentally change the global economy, Ma said: “China is shifting from exporting to importing. We have 1.4 billion people.” The country’s challenges — “we have terrible air, we have terrible water [and] we have terrible ...Full story available on Benzinga.com...
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Facebook equips admins to protect and analyze their Groups

Jun 22 12:13pm TechCrunch » Mobile
 Facebook sees Groups as the core of its push to “build community,” as Mark Zuckerberg detailed in his 6,000-word humanitarian manifesto. So today at its Communities Summit in Chicago, where it assembled 300 admins of top Groups, Facebook is making good on Zuckerberg’s promise to give admins more tools to manage their flocks. Read More...
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Do Not Disturb While Driving feature rolls out in Apples newest iOS 11 beta

Jun 22 12:12pm TechCrunch » Mobile
 With the release of iOS 11’s latest beta on Wednesday, testers can now get their hands on one of the new mobile operating system’s most important – if not most glamorous – new features: a long-needed “Do Not Disturb While Driving” mode. Announced in June at Apple’s Worldwide Developer Conference, the feature aims to combat the very dangerous practice… Read More...
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Ghacks Deals: IT Security Specialist Super Bundle (98% off)

Jun 22 12:07pm gHacks Technology News | Latest Tech News, Software And Tutorials
IT Security Specialist Super Bundle is an eLearning package that prepares you for ten IT security and risk management certification exams. The bundle preps you for the following exams: CompTIA Security+ SY0-401 CompTIA Advanced Security Practitioner (CASP) Cisco 210-260: CCNA Security Risk Management Professional (RMP) CSA Certificate of Cloud Security Knowledge (CCSK) Certified Information Security […] Ghacks needs you. You can find out how to support us here or support the site directly by becoming a Patreon. Thank you for being a Ghacks reader. The post Ghacks Deals: IT Security Specialist Super Bundle (98\% off) appeared first on gHacks Technology News.
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Movie Theater Stocks Tumble Following Bearish Comments From A Credit Suisse Analyst

Jun 22 11:45am Tech
Fewer people are going to movie theaters, and Credit Suisse analyst Omar Sheikh is taking notice. Sheikh now has issued Underperform ratings on Cinemark Holdings, Inc. (NYSE: CNK), AMC Entertainment Holdings Inc (NYSE: AMC), Regal Entertainment Corp (NYSE: RGC) and a Neutral rating on IMAX Corp (USA) (NYSE: IMAX). Specific Ratings And Price Targets Cinemark: Downgraded to Underperform; lowered price target from $38 to $34. AMC: Reiterated Underperform; lowered price target from $26 to $20. Regal Entertainment: Reiterated Underperform; lowered price target from $19 to $17. IMAX: Neutral; lowered price target from $33 to $26. Box Office Sales Are Trending In The Wrong Direction Sheikh highlighted weak box office sales, on track to ...Full story available on Benzinga.com...
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All the companies in Jeff Bezoss empire, in one (large) chart

Jun 22 11:23am MarketWatch.com - Internet Industry News
With a net worth of $84.7 billion, Bezos has made a number of investments and acquisitions. Here is a snapshot of the empire.
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Surviving Mars captures the excitement and dread of launching a colony mission

Jun 22 11:22am PCWorld Video Podcast
Last month when Paradox and Haemimont announced Surviving Mars, I didn’t know what to compare it to. Here was a semi-realistic, science-based “colony builder” from the same studio that makes the satirical and somewhat grim Tropico series. It was a departure, for sure.But after getting a bit of hands-on time with Surviving Mars at E3, it’s feeling a lot more familiar. I don’t just mean “It’s a city builder,” because yeah, it’s definitely one of those. It reminds me a lot of one particular city builder, though: The Anno series. And that’s not a bad thing.To read this article in full or to leave a comment, please click here...
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Akamai Technologies' CEO Is Buying Stock. Should You?

Jun 22 10:57am Tech
This article was originally published at Finbox.io. Akamai Technologies, Inc. (NASDAQ: AKAM) is the world’s largest content delivery network (CDN) provider for media and software delivery related solutions. Generally, the company engages in services to make the Internet fast, reliable and secure. Shares of Akamai Technologies have trended lower after the company beat both its Q1’17 earnings and revenue estimates but offered disappointing Q2’17 guidance. This clearly disappointed investors as the stock has since lost over 20 percent of its value. However, the sharp selloff of AKAM shares may have created an opportunity for investors. As Warren Buffett stated in his 2004 annual shareholder letter, “be fearful when others are greedy and greedy only when others are fearful.” Here’s why value investors may want to be greedy as it relates to Akamai Technologies. A High Growth Industry Technology strategist Michael Wolf predicts that internet access providers will see their revenues grow at an average rate of 6.3 percent a year from 2016 to 2021, via the Wall Street Journal. Media consumption across the globe is increasingly prevalent in digital formats. The increase in the number of devices capable of supporting digital media along with faster internet speed, has provided consumers with an option to access media content from anywhere. Simply put, anyone with a smart phone can catch up on news, entertainment or their social activity anytime and virtually anywhere. Media consumption in the US ...Full story available on Benzinga.com...
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Oracle's Clean Q4 Beat The Latest Entry In A Solid Season For Large-Cap Software Sector

Jun 22 10:55am Tech
After a strong fourth-quarter earnings report, Deutsche Bank Research analyst Karl Keirstead maintains his Hold rating on Oracle Corporation (NYSE: ORCL) and raised his price target from $44 to $48. Notable Earnings Metrics Total Revenue Growth: 3 percent. Revenue: $10.9 billion versus $10.5 billion consensus. EPS: $0.89 versus $0.78 consensus. Guidance: Oracle set its Q1 total revenue growth at 4–6 percent (above Deutsche Bank’s 4 percent estimate), reaffirmed EPS growth. Additional metrics from the report are available on Benzinga Pro. What Is Driving The Growth? While Oracle’s cloud business performed well, “the beat came via total on-premise revs of $7.5 billion, down only 1 percent y/y and a full ...Full story available on Benzinga.com...
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7 Things You Should Know About Altice's IPO

Jun 22 10:38am Tech
Broadband communications and video services provider Altice USA (NYSE: ATUS) debuted on Wall Street Thursday. The company offered 63.94 million shares of its Class A common stock at a price of $30 per share after setting the price range between $27 and $31. The offering raised $1.9 billion in gross proceeds. 7 Things To Know Here are seven things an investor should know about this newbie on the Street: Altice's IPO comes close on heels of another offering by cable company WideOpenWest Inc (NYSE: WOW), which marked the first cable company IPO in five years, according to Reuters. WideOpenWest had to set the pricing of the IPO below the targeted range. Of the 63.94 million shares ...Full story available on Benzinga.com...
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Pittsburgh doesnt have an Uber problem

Jun 22 10:28am Brookings Topics - Technology
Uber has had a bad year—from the #DeleteUber movement that led to 200,000 subscribers to delete their accounts to numerous accusations of sexual assault to yesterday’s announcement that CEO Travis Kalanick will be stepping down. Arguably, few cities have been as impacted by Uber’s growth as Pittsburgh. In 2016, the city made history by becoming…         ...
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Virgin's Richard Branson Announces New iPhone-Exclusive Deal With Apple

Jun 22 10:25am Tech
Virgin Mobile USA, a subsidiary of Sprint Corp (NYSE: S), will offer iPhones exclusively under a plan in which customers will receive unlimited data for a year for $1 per month. Virgin Group founder Richard Branson announced the exclusive partnership between Virgin and Apple Inc. (NASDAQ: AAPL) on Wednesday in San Francisco. Under the deal, Virgin will offer an iPhone exclusive cellular plan, called "Inner ...Full story available on Benzinga.com...
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It's Time To Revisit The Question Of Whether Oracle Can Hit Double-Digit Earnings Growth

Jun 22 10:19am Tech
Shares of Oracle Corporation (NYSE: ORCL) were trading higher by more than 10 percent Thursday morning in reaction to an encouraging earnings report. But the results weren't good enough for some analysts to turn bullish on the name. Morgan Stanley's Keith Weiss maintains an Equal-Weight rating on Oracle's stock with an unchanged $47 price target which implies downside from current levels of around $51.50. While Oracle's momentum in the 12c cycle could make a double-digit EPS growth rate easier in fiscal 2018, this doesn't change the analyst's view of a difficult secular positioning moving forward. One of the more concerning aspects of Oracle's business ...Full story available on Benzinga.com...
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Google pushes framework for law enforcement access to overseas data

Jun 22 10:04am Reuters: Technology News
WASHINGTON (Reuters) - Alphabet Inc's Google pressed U.S. lawmakers and the international community on Thursday to update laws on how governments access customer data stored on servers located in other countries, hoping to address a mounting concern for both law enforcement officials and Silicon Valley.
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Facebook tests tool to prevent catfishing

Jun 22 10:04am Technology news - CNNMoney.com
Facebook's new tool helps stop someone from stealing your profile picture.
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Netflix Releases First Build-Your-Own-Adventure Movie

Jun 22 9:22am Tech
Taking entertainment to the new level, Netflix, Inc. (NASDAQ: NFLX) is now allowing subscribers to jump right into the thick of the plot. The company released a new episode of the animated kids show The Adventures of Puss in Boots with a twist. The new installment allows viewers to choose the plot of the story, according to a report in the New York Times. Kids Don The Director's Cap The new offering, designed as an interactive episode, would last 18 to 39 minutes. By the press of the finger, viewers become directors, dictating the course of the story every two to four minutes. While Puss in Boots is the only interactive series ...Full story available on Benzinga.com...
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China Cracks Down On Weibo; Chinese Social Media Stocks Tumble

Jun 22 9:21am Tech
Chinese regulators ordered Weibo Corp (ADR) (NASDAQ: WB) and other social media sites to shut down audio-visual services Wednesday. Chinese Media Regulator Shuts Down @SinaWeibo ’s Video Services for Operating Without License https://t.co/nzCvg8sefF pic.twitter.com/4CZQ61QqTI — Yicai Global 第一财经 (@yicaichina) June 22, 2017 The State ...Full story available on Benzinga.com...
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Amazon Prime Gets You 50% off Razer Wildcat Controller for Xbox One, Windows 10 PC - Deal Alert

Jun 22 9:20am PCWorld Video Podcast
The Razer Wildcat controller is compatible with both Xbox One and Windows 10 PC. An elite level controller developed for tournament play with feedback from the best eSports athletes, it features four additional fully-programmable buttons for a personalized layout, a well thought out ergonomic shape and weight, reduced trigger travel distance for rapid fire, and much more. If you're an Amazon Prime member, the typical list price has been reduced generously to just $74.99. If you're not a Prime member but still want this deal, Amazon's 30 day Prime free trial (signup page here) is quick to activate and gets you all of the same benefits with no financial commitment required (unless you decide to keep it). See this deal now on Amazon.To read this article in full or to leave a comment, please click here...
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Trump to meet with telecom CEOs

Jun 22 8:56am Technology news - CNNMoney.com
President Trump will meet Thursday with the heads of Verizo, AT&, Sprin and other companies, according to a White House official.
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Tech industry asks who will lead Toshiba's motley white knights

Jun 22 8:48am Reuters: Technology News
TOKYO (Reuters) - A hastily-assembled group of investors looks set to win the bid for Toshiba Corp's prized memory chip business, but a lack of clear leadership or industry clout is raising questions about who will take tough decisions about strategy and investment.
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