Category: Startups

This activist group is trying to oust Mark Zuckerberg as Facebook’s chairman

Mark Zuckerberg should give up some of his control over Facebook by relinquishing his position as chairman of the board, according to a new proposal by a consumer watchdog group and a few shareholders. The proposal , led by SumOfUs, claims that Facebook’s future success requires “a balance of power between the CEO and the board,” and that without a chairman who is independent of the company, Facebook could act without repercussions against investors.

Why Advanced Micro Devices Still Has Room to Run Higher

AMD shares have seen stellar gains since the company reported strong fiscal first quarter results last week, but there are reasons to think it can appreciate even more. Shares of the chipmaker have climbed more than 30% in the days since AMD reported stronger-than-expected fourth-quarter results last Wednesday.

Google Said to Fund Legal Brief Against Trump Immigration Order

Google parent Alphabet Inc. is footing the bill for the legal brief signed by more than 120 companies that oppose President Donald Trump’s executive order on immigration, according to people familiar with the arrangement. While Alphabet is paying Washington, D.C.-based law firm Mayer Brown LLP to handle the friend-of-the-court brief, other companies have offered to fund a share of the fee, the people said.

The CEO of an $18 billion software company says Harry Reid…

Carl Bass, CEO of software company Autodesk with a market cap of $18 billion describes himself as “batsh*t about President Trump” and he’s felt that way “for a year,” throughout the campaign, he told Pando Daily’s Sarah Lacy. Like many other folks in the U.S. who are not fans of the new president, Bass has got a long list of concerns.

Google cut off a website’s revenue because of something in an…

Google cut off a website’s revenue because of something in an article’s comments from 6 years ago Google had stopped serving ads to his site, Fark.com, for weeks because it had accused the site of hosting pedophile content. Fark is an 18-year-old website where people share and chat about oddball news stories after writing funny, alternative headlines for them.

Biotech Premarket Movers: Cytokinetics, Artana Therapeutics, Bluebird

Leading gainers Monday morning included Cytokinetics , whose shares rallied about 7% premarket after Needham upgraded the late-stage biopharma company to a Strong Buy with a $22 per share upside. Among other things, Needham analyst Chad Messer wrote that Cytokinetics’ “Phase III VITALITY-ALS study of tirasemtiv in amyotrophic lateral sclerosis is expected to read out by year end”.

Apple Said to Revive Efforts to Sell Used iPhones in India

Apple Inc. has put back on the table a request to sell used iPhones in India as it negotiates with the government for concessions to start production in the country, a person familiar with the matter said. The company has asked to bring in used iPhones to be refurbished and sold in India, saying it will have the manufacturing infrastructure needed to make them compliant with quality standards, said the person, who asked not to be named as the matter is private.

Apple to Zynga File Legal Brief Against Trump Immigration Order

Ninety-seven companies, from Apple Inc. to Zynga Inc., filed an impassioned legal brief condemning President Donald Trump’s executive order on immigration, stepping up the industry’s growing opposition to the policy. The amicus brief was filed late Sunday in the Ninth Circuit Court of Appeals and emphasizes the importance of immigrants in the economy and society.

Apple to Zynga File Legal Brief Against Trump Immigration Order

Ninety-seven companies, from Apple Inc. to Zynga Inc., filed an impassioned legal brief condemning President Donald Trump’s executive order on immigration, stepping up the industry’s growing opposition to the policy. The amicus brief was filed late Sunday in the Ninth Circuit Court of Appeals and emphasizes the importance of immigrants in the economy and society.

Apple to Zynga File Legal Brief Against Trump Immigration Order

Ninety-seven companies, from Apple Inc. to Zynga Inc., filed an impassioned legal brief condemning President Donald Trump’s executive order on immigration, stepping up the industry’s growing opposition to the policy. The amicus brief was filed late Sunday in the Ninth Circuit Court of Appeals and emphasizes the importance of immigrants in the economy and society.

3 Reasons TransEnterix Inc Stock Could Fall

Investors were hoping the company would win regulatory approval for its low-cost SurgiBot system, but those hopes were dashed after the U.S. Food and Drug Administration In response, TransEnterix has shifted all of its resources to the launch of itsSenhance Surgery system, which was formerly called the ALF-X. While it is possible that the Senhance system could go on to become a smashing success, here’s a look at three reasons why TransEnterix’s stock could continue to disappoint investors.

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Market-intelligence firm CB Insights has compiled a list of the major acquirers of private artificial-intelligence companies over the last five years. This list reveals well-known tech giants making large investments to increase their capabilities in AI.

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Market-intelligence firm CB Insights has compiled a list of the major acquirers of private artificial-intelligence companies over the last five years. This list reveals well-known tech giants making large investments to increase their capabilities in AI.

This Week in Solar

We’re still a few weeks away from investors getting a peek into fourth-quarter earnings in the solar industry and what management has to say about 2017. In the meantime, we’re seeing interesting trends in some of the industry’s most important markets and from its most visible companies.

Autodesk: Cramer’s Top Takeaways

Did you miss last night’s “Mad Money” on CNBC ? If so, here are some of Jim Cramer’s top takeaways. There are lots of winning stocks in this rally, Cramer told viewers, but not all of the winners are getting the attention they deserve.

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With the race for artificial intelligence shifting into high gear, companies are not only developing AI systems in-house, but are increasingly bringing start-ups into the fold to augment their efforts. Market intelligence firm CB Insights released its list of AI acquisitions over the last five years.

Apple Set to Begin Making iPhones in India by April’s End

Apple Inc. will begin assembling iPhones in India by the end of April, a regional minister says, heightening its focus on the world’s fastest-growing major smartphone market as growth slows elsewhere. The U.S. company has tapped Taiwan’s Wistron Corp. to put together its phones in the tech capital of Bangalore in Karnataka, said Priyank Kharge, the state’s information technology minister.

Qorvo, Cirrus Show the Risks of Betting on Just One Apple Supplier

Though Apple surged to new 52-week highs yesterday in the wake of a sales and earnings beat as well as stronger-than-expected iPhone print, a pair of chip suppliers are lower today due to the guidance provided in their Wednesday afternoon reports. The reasons behind their subdued outlooks provide some good lessons about why strong numbers from Apple — or for that matter, Samsung — don’t always spell the same for major suppliers.

Twitter is Having None of Facebook’s Friends Day

In a move that screams Facebook, the social media giant declared today Friends Day, because it obviously can’t just go out and say it’s celebrating its thirteenth birthday on February 4. Everything has to be a holiday. Honoring the friends that “make you, you,” Facebook created a video for each of its users designed to glorify all the friends you haven’t talked to in six years….and naturally it’s the only thing people are sharing today.

Better Buy: Facebook, Inc. vs Alphabet

Digital advertising is expected to surpass television advertising in the U.S. this year — that is, if it hasn’t already. The two main beneficiaries of the growth in digital advertising are Facebook Indeed, the two companies completely dominate the digital advertising market, combining to take about 60% of the market.

AMD Shows Progress as Ryzen Launch Looms

The company beat analyst estimates across the board when it reported its fourth-quarter results, driven mostly by its Polaris graphics cards. The PC CPU market also treated AMD a little better, with client processor sales improving compared to the third quarter.

Facebook Carries ‘One Long-Term Concern,’ RBC’s Mahaney Says

Facebook, the social media giant that if it were a country would be the most populous in the world, will report its fourth quarter earnings results after the market close on Wednesday. “We like the setup with Facebook going into this print tonight,” RBC tech analyst Mark Mahaney said on CNBC’s “Halftime Report” Wednesday afternoon.

European Apple Suppliers Advance After Stellar iPhone Sales Results

Imagination Technologies and other European suppliers to Apple rallied early Wednesday after the U.S. tech giant reported better-than-expected earnings backed by stellar iPhone sales. Chip designer Imagination jumped 3% to change hands a three-week high of 243 pence each by 08:30 GMT in London, while chip maker STMicroelectronics rose 2.2% in Paris to a 12.47 each, just a few cents shy of its all-time high of a 12.50 each.

Apple Sales Beat Estimates on Demand for Latest iPhones

Apple Inc. reported quarterly revenue that topped analyst projections, fueled by demand for the company’s latest and priciest iPhones. Apple said sales rose 3.3 percent to $78.4 billion, with earnings of $3.36 a share in the three months through Dec. 31. Analysts forecast profit of $3.22 a share on revenue of $77.3 billion, according to data compiled by Bloomberg.

Apple Sales Beat Estimates on Demand for Latest IPhones

Apple Inc. reported quarterly revenue that topped analyst projections, fueled by demand for the company’s latest and priciest iPhones. Apple said sales rose 3.3 percent to $78.4 billion, with earnings of $3.36 a share in the three months through Dec. 31. Analysts forecast profit of $3.22 a share on revenue of $77.3 billion, according to data compiled by Bloomberg.