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Articles Tagged:

business

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Amazon to buy Whole Foods for $13.7 billion

Amazon began its existence as an online entity that siphoned business away from brick-and-mortar stores, but there's only so much you can do online. Amazon has been tinkering with more real world services like Prime Now local deliveries and its experimental grocery store in Seattle. Now, Amazon is taking a shortcut to building out its own presence; it's buying Whole Foods for $13.7 billion. Coincidentally, that's about what I spent the last time I went to Whole Foods.

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SoftBank's ambitious investment strategy continues with $4 billion stake in Nvidia

Masayoshi Son, the founder of SoftBank, has made no secret of his plans to become "the biggest investor in technology over the next decade". Last year the Japanese corporation acquired ARM Holdings, and it already had a controlling stake in the US carrier Sprint. Son has even set up a special Billion Vision Fund, which aims to raise $100 billion for the purpose of making strategic technology investments. It's now come to light that SoftBank has used some of the capital to amass a roughly $4 billion stake in the chipmaker Nvidia.

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Snapchat says it spent $2.3 billion last quarter to pull in just $149 million in revenue

Messaging apps are a hot business lately, and Snapchat is one of the hottest. I mean, all the kids are using it, and kids are never wrong about anything. Snap (the parent company of Snapchat) just announced its earnings for Q1 of 2017, but it didn't really earn anything. In fact, it lost a stupendous amount of money, about $2.2 billion.

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Lyft announces Lyft for Business, free to use with better tools for teams

Plenty of people use Lyft and other ride sharing services for business, and today Lyft is making that easier by launching a business-oriented version of the service. It's live right now for businesses of any size, and it costs nothing to use. Lyft is even paying you in the form of some free ride credit when you sign up.

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Razer has shut down the Nextbit community site [Update]

It's hard for a startup to get into the competitive world of smartphones, but Nextbit made a go of things for a while. The Robin was a good phone, but the company was acquired by Razer early this year. Nothing much has changed since then, but now the Nextbit community site has been taken offline. It simply redirects to the Razer home page.

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Amazon launches 'Subscribe with Amazon' to sell third-party subscriptions

Amazon has been selling Prime subscriptions for years, but Amazon has to, like, do stuff for you when you're a Prime member. Wouldn't it be nice if Amazon could sell subscriptions for other companies and get a piece of the action? Well, that's the new "Subscribe with Amazon" in a nutshell. It's a marketplace where Dropbox, The New Yorker, Sling TV, and many other entities are now selling monthly subscriptions.

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Drive File Stream for G Suite lets you access all your files without using all your disk space

Google is announcing a ton of new enterprise products and services today, and one of them is the aptly named Drive File Stream. It does exactly what the name implies—it streams files from Google Drive on your desktop as you need them rather than syncing everything and gobbling up your hard drive space.

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Snap stock price shoots up almost 50% on opening day

Snap Inc., the parent company of Snapchat, is now a public company. You can buy a tiny piece of the sexting messaging platform, but it'll cost you. Snapchat shares (SNAP on NYSE) were offered at $17 initially, but they quickly shot up to more than $25. That's a 47% increase in one day.

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Report: SoftBank wants to merge Sprint and T-Mobile by selling its stake in Sprint

A few years ago, T-Mobile's parent company Deutsche Telekom (DT) was anxious to unload its 65% share in the US carrier, and one of the primary suitors was Sprint's parent company Softbank. Things are different now. Sources claim SoftBank is floating the idea of selling its 83% stake in Sprint to DT and letting the carriers merge that way.

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Plex acquires streaming news service Watchup

Plex wants to be the hub for all your content, but right now you mostly have to download that content separately and store it on your Plex server. The company has just acquired Watchup, a streaming news service that could make Plex a more robust platform. This isn't Plex's first foray into true live streaming, but it's certainly the biggest.

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