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Articles Tagged:

business

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AT&T plans to split into media and telecom units after Time Warner merger

As AT&T continues to push for approval of its $85 billion acquisition of Time Warner, the company's leadership has released details of how the new mega-corporation would be structured. The plan calls for the new AT&T to split into independent arms, one handling media and the other doing telecom. This may appease regulators, but things aren't changing at the top.

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Luxury smartphone maker Vertu is shutting down

British luxury smartphone maker Vertu has been dealing with financial woes as of late, but it looked like the company might be able to pull out of its death spiral following an acquisition by Turkish businessman Murat Hakan Uzan. Vertu's new owner has apparently realized how hard it is to sell phones that cost tens of thousands of dollars. After trying and failing to settle the company's debts, Uzan is throwing in the towel. Vertu is closing up shop.

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Lyft adds 7 expense management services including, Expensify, Zoho, and more

You know Lyft, right? It's the ridesharing service not currently embroiled in half a dozen scandals of its own making. While that other company is trying to turn things around, Lyft is focused on more mundane but useful things. Lyft has today added seven new expense management partners, so you can more easily forward your receipts.

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Samsung expects highest quarterly earnings ever for Q2 2017

The last year has been rocky for Samsung with the recall of the Galaxy Note 7 and various legal woes in its native South Korea. And yet, the company has issued Q2 earnings guidance today that points to its highest profits ever. So, I guess people aren't holding any grudges after the Note 7 thing.

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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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