Snap Revenue Beats on Mobile-Ad Demand; Alwaleed Takes Stake
August 12, 2018

Snap Inc.’s second-quarter revenue topped analyst projections, signaling a pickup in demand for mobile advertising even as a controversial redesign of the Snapchat mobile app continued to hinder user growth.

Separately, Saudi billionaire Prince Alwaleed Bin Talal said he invested Continue reading

The $300 Billion FAANG Surge Lives Another Week
June 10, 2018

The world’s favorite stocks fought through to their seventh rally in nine weeks, though not without landing a few blows on traders.

For about 24 hours on Thursday and Friday, losses in the FAANG block looked liable to snowball, bringing Continue reading

In a Leaked Memo, Apple Warns Employees to Stop Leaking Information
April 28, 2018
  • Company memo says it found 29 ‘leakers’ last year, 12 arrested
  • CEO Tim Cook pledged to ’double down’ on secrecy in 2012

Apple Inc. warned employees to stop leaking internal information on future plans and raised the specter of potential Continue reading

Silicon Valleys Singularity University Has Some Serious Reality Problems
February 23, 2018

The pitch was simple: Forget accredited graduate schools and think big at Singularity University. Google co-founder Larry Page and futurist Ray Kurzweil could be among your lecturers in the Graduate Studies Program at Singularity, named for the notion that humans Continue reading

Air-Taxi Startup Has a Working Prototype and a Fresh $100 Million
February 20, 2018

If you want to see JoeBen Bevirt’s flying car, you have to get in a helicopter. The engineer’s private airfield is nestled in a valley on the Northern California coast between Monterey and Santa Barbara, and it’s remote by design, Continue reading

A Driverless Future Threatens the Laws of Real Estate
February 13, 2018

The link between property and transport has been perhaps the most durable in human history.

Since the ancients, few things have delivered higher land values with more certainty than advances in transport, from roads to canals, railways to highways.

It’s Continue reading

Uber Co-Founder Travis Kalanick Plans to Sell 29% of Stake
January 7, 2018

Former Uber Technologies Inc. Chief Executive Officer Travis Kalanick, who has long boasted that he’s never sold any shares in the company he co-founded, plans to sell about 29 percent of his stake in the ride-hailing company, people with knowledge Continue reading

Meredith to Buy Time Inc. With Koch Backing
December 13, 2017

Meredith Corp. agreed to acquire Time Inc. for $2.8 billion including debt, swallowing the once-mighty home of Fortune and Sports Illustrated after the internet age wreaked havoc on even the most prestigious magazine titles.

The $18.50-a-share offer is an all-cash Continue reading