Samsung forecasts a strong quarter on the same day its CEO resigns citing ‘unprecedented crisis’

This post has been updated to reflect the announcement of Oh-Hyun Kwon's resignation. Samsung Electronics made two announcements today that contrasted starkly with one another in tone. First, it issu

Crunch Report | Bitcoin Passes $5,000

Bitcoin is now valued at more than $5,000 a coin, DJI releases a new interchangeable lens series for drones, Google gets rid of the Home Mini touch function and Hyperloop One takes on big investment f

Amazon Studios suspends chief Roy Price following harassment allegations

Roy Price, the head of Amazon Studios, has been suspended after allegations of sexual harassment were leveled at him by Isa Hackett, one of the producers of the company's first series, The Man in the

Omnyway raises $12.75M to connect advertising and mobile commerce

Omnyway announced today that it has raised $12.75 million in Series A funding. Previously known as OmnyPay, Omnyway has built technology around what it calls "augmented digital commerce" — basically

Facebook’s ad targeting tools could be a valuable supplement to census data

Official census forms are an invaluable source for demographic data throughout the country, but for trends that occur on the scale of weeks or months rather than years, they're a bit lacking. But a ne

Uber product lead Daniel Graf explains Uber’s shifted approach to building tech

Uber's Head of Product Daniel Graf thinks that the company's recent problems may end up being good for the ride-hailing provider's product development in the long term; in some ways, it's brought coll

E-reader innovation has stalled

Next month marks 10 years since the first Kindle debuted. It’s a virtual lifetime in consumer electronics terms, but compared to its mobile brethren, e-readers’ pace of innovation has been glacial

Ingredients for Amazon’s HQ2 all available in St. Louis

There’s a whisper-quiet rumor making the rounds that Amazon is looking to establish a second headquarters outside of its initial digs in Seattle. It’s even got a name -- HQ2 -- and, in reality,

Hyatt breach exposed customer payment data at 41 hotels

In a statement, Hyatt said it "has taken steps to strengthen the security of its systems, and customers can feel confident using payment cards at Hyatt hotels worldwide." Wait, no. That's from the sta

South Park slams Facebook for selling fake news

"I make money from Facebook for my fake content in order to pay Facebook to promote my fake stories," said Professor Chaos in one of the most brutal and succinct criticisms of the social network to da

AR mystery startup Magic Leap looking to raise as much as $1B in Series D round

Magic Leap may be raising as much as $1 billion to fund their vision of a future filled with augmented reality glasses. A Delaware filing dated Wednesday was provided to us by CB Insights, confirming

New Tesla voluntary recall applies to 11,000 Model X vehicles

Tesla is taking a "proactive measure" out of an "abundance of caution," the company says, in handling an issue with a cable used in the adjusting of second-row seating in a small percent of Model X ve

CarGurus spikes 72% in auto marketplace IPO

Used-car marketplace CarGurus spiked more than 72 percent during its first day of trading. The Cambridge, Massachusetts-based company had raised more than $150 million after pricing its IPO at $16. By

Waymo releases its first self-driving ‘Safety Report’

Waymo launched a campaign earlier this week alongside partners, including the National Safety Council, to help explain why it believes that its pursuit of autonomous driving is a means to safer roads.

Atomic, a startup studio backed by Peter Thiel, ups its ambitions

Atomic isn’t a household brand, but Peter Thiel and Marc Andreessen know it fairly intimately. The two billionaire investors, along with the venture firm Felicis Ventures, were among the earlie

In-office medical advertising startup Outcome Health reportedly misled advertisers

Some employees at Outcome Health, which provides advertising for pharmaceutical companies in screens within doctors' offices, allegedly misled advertisers by charging them for ad placements on more vi

Microsoft and AWS could be the strangest cloud bedfellows yet

Hell did not freeze over, but something remarkable has happened: Microsoft and AWS announced they are working on a project together. Project Gluon is an open-source, deep learning project for building

Google commits $1 billion in grants to train U.S. workers for high-tech jobs

The nature of work is changing on a global level at a rapid pace. Sure, it’s not the first time work has been dramatically impacted by technology, but the growth of automation, robotics, AI and the

Twitter breaks its silence on McGowan suspension

Twitter has abruptly broken its own policy of not commenting on individual accounts to explain why it temporarily suspended the account of actress Rose McGowan late yesterday, after she had been twee

Lyft adds in-app navigation for drivers via Google Maps

A little while ago Uber announced new in-app navigation as a convenience feature for drivers, and now Lyft is also integrating turn-by-turn navigations right into its Driver app. Lyft is tapping Googl
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