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Verizon on Verge of $5B Deal for Yahoo Core Assets
July 22, 2016
Verizon reportedly is close to a deal to buy the core Web assets of Yahoo for $5 billion, which would end a months-long process of jockeying over the future of the struggling company. Verizon emerged as the winner of a lengthy bidding contest to acquire the assets, according to reports that surfaced Friday. An agreement is expected early next week.
Musk Plots Out Tesla's Next 10 Years
July 22, 2016
Elon Musk has unveiled a second master plan for Tesla, a follow-up to the vision he shared 10 years ago. The original master plan is now in the final stages of execution. The refresh sketches out a multiyear, four-pronged strategy that is about more than vehicles. Musk also plans to advance an integrated solar-roof-with-battery product and create a ride-sharing program, among other things.
Netflix Shares Fall as Subscriber Growth Hits a Wall
July 20, 2016
Shares of Netflix fell sharply Tuesday after it reported lower-than-expected second quarter earnings, which the company blamed on subscriber growth that fell short of forecasts. Netflix added 1.7 million subscribers in the quarter, pushing its total membership to more than 83 million, the company told shareholders. However, that growth was far less than the 2.5 million it had projected.
Uber by the Billions
July 20, 2016
Uber just celebrated its two-billionth trip in a 147-way tie, CEO Travis Kalanick announced Monday. Each of the drivers and riders who began their trip at 4:16 a.m. GMT on Saturday, June 18, got a $450 gift from Uber -- the number is significant because Uber now operates in 450 cities across the globe, Kalanick said. The company's growth trajectory is impressive.
Yahoo Posts Weak Earnings as Assets Sale Waiting Game Drags On
July 19, 2016
Yahoo on Monday reported second quarter earnings that fell just short of Wall Street estimates but left investors and analysts waiting to hear about progress in finding a strategic investment partner. Negotiations over the potential sale of the company's core assets are under way. The company reported earnings from operations of $39 million, or 9 cents a share in the second quarter.
Softbank Strong-ARMs Its Way Into Internet of Things
July 19, 2016
Softbank Group has agreed to buy British semiconductor maker ARM Holdings for about $31.4 billion in cash, the companies announced Monday. Softbank agreed to pay a hefty premium for ARM, with a price of about $67.28 per ARM share, which is a 42.9 percent premium over the $47.08 closing price as of Friday, the last business day before the deal was announced. The surprise move will help Softbank gain a solid IoT foothold.
Valve to Close the Spigot on Gambling Operations
July 18, 2016
Valve last week announced it would take action against third-party sites that run illegal gambling operations. A number of gambling sites have been leveraging the Steam gaming platform -- in particular, the Counter-Strike game -- to create massive operations that convert virtual skins into cash, Valve said. Valve denied allegations that it has in any way profited from those illegal sites.
Congressional Committee Report Finds Something Rotten at FDIC
July 18, 2016
Officials at the U.S. Federal Deposit Insurance Corporation, which insures deposits in U.S. banks, made false statements to Congress and failed to make timely notification of serious cybersecurity breaches, according to a U.S. House of Representatives Committee on Science, Space and Technology's interim staff report. FDIC CIO Lawrence Gross has created a toxic work environment, it also says.
Reading Between the Lines: Musk's Folly, Trump's Plan
July 18, 2016
Something like 90 percent of CEOs are planning to put their companies out of business accidentally, based on a KPMG report I just reviewed. After watching Tesla of late, I think Musk is on the fast track to lead this effort, and since I'm a Tesla fan, and I know a lot of you drive Teslas, I thought that might be an interesting, if scary, topic for this week.
Apple Patents Tech to Foil Concert Pirates
July 16, 2016
A patent for an infrared system that could be used to shut off iPhone cameras and microphones at live performances is one of dozens recently awarded to Apple. The system could assist the music and movie industries by automatically disabling camera functions at movies or concerts. It could have other applications as well -- for example, turning an iOS device into a museum or city tour guide.
EU Ratchets Up Charges in Google Antitrust Probe
July 16, 2016
Google and its parent company Alphabet are facing new charges in the European Commission's ongoing investigation of allegations that Google's comparison shopping and online advertising platforms violated antitrust laws. The EC on Thursday alleged that Google had abused its dominant position by systematically favoring its own comparison shopping service in search results.
Microsoft Wins Legal Victory in Fight Over Email Stored Abroad
July 15, 2016
Microsoft has won its nearly four-year battle against a warrant requiring it to turn over customer emails held on a server in Ireland. Microsoft had complied with demands to turn over account information stored on its servers in the U.S., but it had refused to give up the emails themselves, contending a U.S. judge did not have the authority to issue warrants for information stored abroad.
Consumer Reports Urges Tesla to Pull Plug on Autopilot
July 15, 2016
Consumer Reports has urged Tesla to disable the automatic steering function and change the name of its Autopilot driving assist feature. Questions recently have arisen over whether Tesla's Model S vehicles can operate safely without regular human intervention. Consumer Reports' change request sprang from concerns over a number of recent test crashes, including a fatal accident in Florida.
Music Industry Boos Google's Antipiracy Performance
July 13, 2016
Google on Wednesday released an update of its online antipiracy efforts. YouTube has generated more than $2 billion to content copyright holders by monetizing user-uploaded content through its Content ID rights management system, Google said, adding that more than 90 percent of all Content ID claims result in monetization. YouTube also paid out more than $3 billion to the music industry.
Facebook Lets Messenger Conversations Go Dark
July 13, 2016
Facebook last week said it would begin testing long anticipated end-to-end encryption capabilities in its Messenger app, enabling users to have secret conversations. The new level of security means that a message will be visible only to the sender and the recipient -- Facebook won't even be able to read it. Users can set a timer to limit the amount of time that a message remains visible.
Nintendo Shares Surge on Pokemon Go Juggernaut
July 12, 2016
Nintendo shares soared on Monday after its new augmented reality mobile app, Pokemon Go, burst out of the gate over the weekend in the U.S and in key markets around the globe. The company's shares rose 36 percent in two days, after downloads of the Pokemon Go app raced to the top of iOS and Android charts in the U.S. The wave of demand exceeded expectations, said Morgan Stanley MUFG analyst Mia Nagasaka.
Salesforce Wraps Up Demandware Acquisition
July 11, 2016
Salesforce on Monday announced it had completed its $2.8 billion acquisition of e-commerce cloud software platform Demandware. The deal "gives Salesforce the e-commerce piece to compete against Oracle, which already has e-commerce capabilities, as well as SAP," said Rebecca Wettemann, VP of research at Nucleus Research. "It also gives Salesforce a cloud transactional platform for B2C purchases."
Twitter to Carry Live Convention Coverage on the Web
July 11, 2016
Twitter will stream CBS News' live coverage of the Republication and Democratic National Conventions, the companies announced Monday. Twitter and CBS previously partnered on one of each party's presidential primary debates. In both instances, CBS' coverage included real-time metrics and curated tweets, and questions Twitter users submitted during the broadcasts were put to the candidates.
Parsing the Clinton Email Scandal
July 11, 2016
I've been watching the Clinton email scandal closely, because I not only have been in and out of law enforcement and security for much of my early life, but also was an internal auditor for IBM and one of the leading email experts in the 1990s. I think this is the only time I've seen an investigator channel a prosecutor and give someone a pass without addressing why crimes were committed.
Airbnb Fights City Hall Over San Francisco Registration Rule
July 8, 2016
Airbnb recently filed suit against San Francisco over a new rule governing short-term rentals, which the city's Board of Supervisors approved last month. An Airbnb-supported law adopted earlier this year requires short-term rental hosts to register with the city, but it's estimated that only about 20 percent of them have done so. The new rule requires services like Airbnb to enforce the law.
Leveraging IoT to Redefine Your Business
July 8, 2016
While most businesses are focusing their Internet of Things efforts on areas that will generate immediate cost-savings and operating efficiencies, a number of IoT pioneers already are leveraging a new generation of connected products to fundamentally change their business models. There is no question that the safest bet in today's IoT environment is targeting narrowly defined deployments.
Facebook Live Video of Shooting Aftermath Triggers Anger, Anguish, Questions
July 8, 2016
Americans have expressed outrage at Wednesday's police shooting of Philando Castile, an African-American man, which happened in St. Paul, Minnesota, during a traffic stop for a broken tail light. Castile was shot in front of his girlfriend Diamond Reynolds and their 4-year-old daughter, who were in the car. Reynolds used Facebook Live to stream video of the aftermath of the shooting.
Musk Defends Autopilot Safety Record Following Fatal Crash
July 7, 2016
CEO Elon Musk on Wednesday accused Fortune magazine of incorrectly reporting Tesla Motors' handling of a fatal accident that involved a Tesla Model S. The incident took place in May. Musk's online post is the latest salvo in a war of wars between Fortune and Tesla. Musk accused Fortune, in essence, of jumping the gun in its reporting of Tesla's response to the accident.
Feds Probe Philanderers' Site Ashley Madison: Report
July 6, 2016
The United States Federal Trade Commission reportedly has launched an investigation into philanderers' dating site Ashley Madison. The company, which suffered a massive data breach last year that resulted in extortion attempts and ruined lives, as well as class-action lawsuits, earlier this week announced that it hired a new CEO and a new president in April.
FBI Director Raps Clinton but Recommends No Criminal Action
July 6, 2016
Although an FBI investigation concluded that Hillary Clinton's use of a separate email system during her tenure as Secretary of State may have violated federal law, Director James B. Comey recommended no criminal prosecution. Considered in light of the bureau's actions in similar cases in the past, Comey explained, the facts in the Clinton case do not warrant the filing of criminal charges.
FCC's Internet Privacy Proposal Sparks Congressional Action
July 5, 2016
With breaches of consumer data occurring all too frequently, who could be against proposals to improve privacy on the Internet? Well, a broad swath of the e-commerce sector, ranging from CTIA-The Wireless Association to USTelecom and the National Retail Federation, is strongly opposed to a recent proposal from the Federal Communications Commission to regulate privacy.
Google Opens Faster Big Data Pipe Between US and Japan
July 1, 2016
Google on Wednesday unveiled its latest investment in long-haul undersea fiber optic cabling. Dubbed the "Faster Cable System," it is the highest-capacity undersea cable built to date, providing 60-Tbps bandwidth between the United States and Japan. It is about 10 million times faster than an average cable modem, Google noted. Google is one of six members of the Faster Consortium.
Clinton Issues Clarion Call to Boost Tech in the US
June 30, 2016
Hillary Clinton, the Democratic Party's presumptive presidential candidate, this week unveiled a technology and innovation agenda that calls for a broader commitment to improving computer science and STEM education, expansion of broadband Internet to the entire United States, and deployment of 5G wireless networks. Clinton's plan calls for advancing high-tech training in American schools.
Microsoft Makes It Easier to Say No to Windows 10
June 28, 2016
Microsoft on Tuesday announced a new Windows 10 upgrade policy -- weeks after losing a $10,000 case in a small claims court. The owner of TG Travel Group in Sausalito, California, last month won a final judgment after she alleged that her computer was upgraded to the new operating system without prior authorization, according to court documents.
Volkswagen Aims to Clear the Air With $15B US Settlement
June 28, 2016
Volkswagen on Tuesday announced that it has reached an agreement to settle claims arising from the emissions scandal that has plagued the company since its discovery two years ago. The company has agreed to set up a $10 billion funding pool to buy back or terminate leases of diesel vehicles sold in the United States. Volkswagen had used software to cheat on emissions tests.
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Would you drive a Tesla?
I already do, and I love it!
Yes -- if the price were lower.
No -- I wouldn't trust its Autopilot.
I'd drive an electric car but not a Tesla.
I'm not yet sold on electric vehicles.