Michael C. Armstrong

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Analyst Predicts Bitcoin Will Go Over $1000 This Week: 'This Is A Classic Bubble'

As Bitcoin’s value continues its ridiculous climb, into the $600s and $700s on popular exchanges, a price forecasting analyst states the obvious, “This is a classic speculative bubble.” Based on its current momentum, he predicts that it may go as high as $1,700 within the week.<p><i>Disclosure: I own</i> …

YouTube triggers comments debate as it alters policy

<b>How much weight should you give to a stranger's opinion?</b><p>If you ask YouTube, the answer is: not much.<p>The video sharing website has made changes to the way users can comment on clips. Google, which owns the website, now requires them to sign up to its social network Google+ before they can post their …

Internet

Dropbox Could Be A Bargain At An $8 Billion Valuation

According to BloombergBusinessWeek, cloud file storage firm Dropbox is looking to raise an additional $250 million at a valuation of around $8 billion.<p>The news comes on the heels of Pinterest’s massive $225 million round that valued it at $3.8 billion, and endless hype that Snapchat is raising some …

Best Buy cuts prices, 'playing to win' holiday season

Best Buy is cutting prices for the holiday season to thwart fierce competition from Wal-Mart and other discount and online rivals, a move that it warns will hurt margins for the current quarter.<p>Tuesday's news took some momentum from Best Buy's stock, one of this year's hottest, sending the shares …

Kicking the can: Campbell's hit by fresh food shift

Its soup may be Mmm Mmm Good, but Americans' shift toward fresh foods is kicking Campbell's right in the can.<p>The company said on Tuesday its quarterly profit fell 30 percent as U.S. sales of soups and V8 beverage declined. A recall of its recently acquired Plum Organics products also hurt results …

Apple loosens restrictions on water-damaged iPhones for Apple Store trade-in program

Starting this week the trade-in value for iPhones will no longer be impacted by the phone’s liquid damage indicator, according to Apple retail employees. Previously, if a device’s “liquid contact indicator” was tripped, the phone would be completely worthless as a trade-in under the company’s …

Panera Bread Is Making Four Changes To Win Customers Back

The plan is meant to "improve service and ultimately the overall customer experience," the analysts write.<p>These four changes will take effect in 2014:<p><b>1. Adding labor.</b> Panera Bread is hiring more employees. It also plans to give current workers more hours. This will ease the burdens on staff and …

Customers