rchatterjee

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Nearly three-quarters of all consumers are willing to purchase prescription drugs through Amazon, as the e-commerce giant seeks to tap into a $300 billion market

Amazon's acquisition of digital pharmacy startup PillPack could be first of many new services the e-commerce giant might be adding on in order to increase its presence in the healthcare space and shake things up.<p>The online pharmacy space is estimated to be worth $300 billion and PillPack may allow …

eCommerce

Mary Meeker, the legendary internet analyst, is leaving Kleiner Perkins

Meeker is leading an exodus in a huge split at one of Silicon Valley’s most famous firms.<p>Mary Meeker of Kleiner Perkins Caufield & Byers, one of the premier Silicon Valley investors at one of its premier venture capital firms, is leaving her position in an abrupt, high-profile splitting of the firm …

Technology

Alibaba co-founder Jack Ma to retire

One of China's biggest tech titans is stepping down.<p>Alibaba co-founder and executive chairman Jack Ma, 53, announced Friday that he's retiring from the e-commerce giant, according to The New York Times. He said the reason he's leaving is to pursue philanthropic endeavors focused on education.<p>Ma …

China

Eventbrite sets IPO range of $19 to $21, valuing it at $1.8B

Eventbrite has taken its final step toward becoming a publicly traded company.<p>In an updated S-1 filing this morning, the ticketing and events company announced plans to sell 10 million Class A shares on the New York Stock Exchange at a price range of $19 to $21 under the ticker symbol EB.<p>At a …

Venture Capital

Uber’s sleek new product? Your safety.

Uber launched new safety features and CEO Dara Khosrowshahi wants to remind you that no other company has them.<p>In a swanky warehouse in Chelsea, New York City — soon to be overrun by models and designers in town for Fashion Week — a less fashionable crowd showcased an entirely different trend du …

Sexual Harassment

Amazon is now worth $1,000,000,000,000

Amazon has become America's second $1 trillion company.<p>Amazon's (AMZN) total market value passed $1 trillion on Tuesday, following Apple's ascent into 13-digit territory at the beginning of August. Amazon and Apple now make up more than 8% of the entire value of the S&P 500, according to Howard …

Amazon Web Services

Google reportedly bought Mastercard data to link online ads with offline purchases

If you’re a Mastercard holder in the US, Google has reportedly been tracking whether your buying habits are influenced by online ads in your offline purchases for the past year. The secret deal between the two companies was brokered after four years of negotiation, according to a <i>Bloomberg</i> report …

Personal Information

Alexa now works with 20,000 devices

That large number comes courtesy of Amazon’s press event at IFA in Berlin this week. It’s an impressive jump, given that the company was only boasting around 4,000 the last time it reported a number at the beginning of the year.<p>“Just this year,” exec Daniel Rausch told the crowd, as reported by …

Jokes

Ofo is being sued by Chinese bike manufacturer for $10 million in unpaid bills

A symptom of a larger slowdown in demand for bike-sharing<p>Chinese bike-share company Ofo is being sued by manufacturer Shanghai Phoenix Bicycles over “unpaid bills” that total nearly $10 million, according to the <i>Financial Times</i>. It’s the latest in a series of setbacks for the company this year, and …

United States

Intel 14nm CPUs in short supply, claims report

<b>Why it matters:</b> When it rains, it pours. Intel is fending off investors and partners on 10nm because of poor yields, and now, it seems, it has irked …

Tech Industry

LEGO built a life size, drivable Bugatti from over a million Technic pieces

In what just might be the wildest thing anyone has ever built with Lego, the company behind the bricks has built a full-size, drivable model of the Bugatti Chiron supercar.<p>Seriously.<p>Built partly as a passion project amongst Lego’s creative team and partly as a promo to show off at the Italian Grand …

Lego

Apple Purchased Akonia Holographics, a Company That Makes Lenses for AR Glasses

Apple has purchased a startup that makes lenses for augmented reality glasses, reports <i>Reuters</i>. The acquisition lends further evidence to rumors suggesting Apple is developing an augmented reality headset.<p>Akonia Holographics, the startup that Apple bought, advertises the "world's first commercially …

Technology

India's top court seeks WhatsApp's response on petition alleging it breaches law

MUMBAI (Reuters) - India's top court has asked WhatsApp to respond to a petition that alleges it breaches certain Indian regulations, creating another headache for the Facebook Inc-owned firm already facing pressure in India over fake news.<p>In an order seen by Reuters on Tuesday, India's Supreme …

Fake News

EU may fine political groups misusing personal data to skew elections

It's hoping to prevent another Cambridge Analytica scandal.<p>The European Union is determined to prevent a Cambridge Analytica-style scandal where politicians misuse personal data for strategic gains. The <i>Financial Times</i> has learned of a European Commission draft amendment that would fine political …

Personal Data

Netflix will have competition from Disney, but we don't know its name

Netflix's biggest upcoming opponent still doesn't have a name.<p>On Monday, a Disney representative cooled speculation that the entertainment giant's upcoming Netflix killer would be called Disney Play, a title that had been reported last week by Variety.<p>Instead, the subscription streaming service, …

Walt Disney Company

Working Apple-1 computer could sell for price of a supercar

Another rare original Apple computer is hitting the auction block and while its hardware isn't a marvel of speed by today's standards, it's still expected to fetch about as much as the going price for a snazzy new supercar.<p>Steve Jobs and Steve Wozniak produced about 200 Apple-1 computers in the …

Apple

More people watched the Logan Paul vs KSI fight on Twitch than on YouTube

Most people didn’t pay for the biggest event on YouTube<p>After months of hype, YouTube superstars Logan Paul and KSI finally exchanged blows today in front of millions of people. The official way to watch this fight was supposed to be a pay-per-view stream on YouTube that costs $10, but it seems most …

Internet

Microsoft reportedly wants to rent out Xboxes to gamers for a monthly fee

Microsoft is prepping a new subscription plan that will net US-based gamers an Xbox console, and access to Xbox Live and Xbox Game Pass for a monthly fee starting at $22 per month, reports Windows Central.<p>That could be a boon for folks who’ve been meaning to get into console gaming, but have found …

Xbox Game Pass

How Netflix outsmarted everyone else in TV

On Recode Media, Redef CEO Jason Hirschhorn calls it “the greatest land grab in the history of media ever.”<p>Jason Hirschhorn, the CEO and chief curator of Redef, returned to <b>Recode Media with Peter Kafka</b> this week to talk about media moguls, the virtues of taking time off and what Netflix got right …

Media Industry

Facebook VP of partnerships Dan Rose is leaving the company

Facebook’s vice president of partnerships Dan Rose will leave the company early next year. Rose announced the move on his public Facebook page, indicating that he would stay on through Mobile World Congress in February.<p>During his long tenure at the company, Rose oversaw Facebook’s transformation …

Business Development

The U.K. Is About To Regulate Online Porn, and Free Speech Advocates Are Terrified

It’s often said pornography is a hidden driver of technological change, thanks to the industry’s readiness to adapt to market trends. As one story …

Privacy

Autonomous drones will help stop illegal fishing in Africa

They'll identify fishing boats in protected waters.<p>Drones aren't just cracking down on land-based poaching in Africa -- ATLAN Space is launching a pilot that will use autonomous drones to report illegal fishing in the Seychelles islands. The fliers will use computer vision to identify both the …

Fishing

Valve accidentally shows off its Steam.tv live streaming service

<b>Something to look forward to:</b> Not content with being the world’s largest digital distribution platform for gaming, it seems that Steam wants to be a …

Gaming

EU considers fines for tech companies that don’t remove terrorist content within an hour

Legislation reportedly being drafted would be harshest yet<p>The European Union is considering tough new laws that would force tech companies like Facebook and YouTube to delete terrorist propaganda from their platforms within sixty minutes or face fines. <i>The Financial Times</i> reports that the …

Internet

Walmart completes its $16 billion acquisition of Flipkart

Walmart announced over the weekend that it has completed a $16 billion investment in Flipkart that sees it become the majority owner of the Indian e-commerce company.<p>The deal was first revealed back in May and now it has closed after receiving the necessary approvals. It sees Walmart take a 77 …

Investing

Robotics-as-a-service is on the way and inVia Robotics is leading the charge

The team at inVia Robotics didn’t start out looking to build a business that would create a new kind of model for selling robotics to the masses, but that may be exactly what they’ve done.<p>After their graduation from the University of Southern California’s robotics program, Lior Alazary, Dan Parks, …

Robotics

As promised, Netflix’s user reviews are no more

Netflix user reviews are no more. Sure, chances are pretty decent you didn’t realize Netflix still had reviews at this point, but the video streaming giant has delivered on its promise to do away with the one-time mainstay of the service.<p>Last month, it informed recent users that reviews would be …

Entertainment

Snap Still Has Big Problems Despite Earnings Beat

The vanishing-message app keeps stumbling over its redesign.<p><b>Snap</b> (NYSE:SNAP) investors had second thoughts about the messaging app's second-quarter …

Robots Can Successfully Peer Pressure Children

A new study reveals that children are susceptible to peer pressure by robots, while adults remain immune.<p>We’ve all been warned of the dangers of peer pressure: coaxing unsuspecting children into drinking, drugs, sex, and other questionable behaviors. Apparently, not only can human peers convince …

Intel's Memory Business Is Still Losing Money

Intel's third-largest business hasn't turned an annual profit since 2015, but this could change in the second half of 2018.<p>As part of its growth …