Is the Great 2020 Tech Rally slowing?
Yesterday’s earnings deluge made plain that tech shares are not rocketing higher as 2020 comes to a close. Indeed, in pre-market trading this morning, Microsoft, Apple, Facebook and Amazon are all down. Alphabet is the only member of the Big Fi.....»»
B8ta remains bullish on IRL shopping with new acquisition
Coronavirus cases in the United States are reaching new peaks. E-commerce is continuing to boom. And B8ta, a San Francisco startup which is betting on the future of physical retailers, is doubling down on its in-person footprint. B8ta offers shelf sp.....»»
Cloud infrastructure revenue grows 33% this quarter to almost $33B
The cloud infrastructure market kept growing at a brisk pace last quarter, as the pandemic continued to push more companies to the cloud with offices shut down in much of the world. This week the big three — Amazon, Microsoft and Google —.....»»
Space investors will see into the future at TechCrunch Sessions: Space
Space investors will see into the future at TechCrunch Sessions: Space.....»»
Reliance Jio Platforms tops 400M subscribers, explores expanding services outside of India
Reliance Jio Platforms, the telecom venture run by India’s richest man (Mukesh Ambani), had 405.6 million subscribers in the quarter that ended in September, becoming the first operator outside of China to cross 400 million subscribers in a sin.....»»
Passion Capital backs UK fertility workplace benefits provider, Fertifa
UK-based Fertifa has bagged a £1 million (~$1.3M) seed to plug into a fertility-focused workplace benefits platform. Passion Capital is investing in the round, along with some unnamed strategic angel investors. The August 2019-founded startup sells.....»»
Marriott Hotels fined £18.4m for data breach that hit millions
Up to 339 million people may have been hit in a cyber-attack on a chain later bought by Marriott......»»
Biden campaign fury at blocked Facebook ads
Both Biden and Trump campaigns say political ads have been wrongly blocked from the social network......»»
Carvana shrinks net loss, reports first operating profit
Top-line growth at the online used-vehicle retailer, like its peers and competitors, remained strong but below the pace of prior quarters, largely because of inventory shortages......»»
Polestar looks to tap external funding, reports say
The automaker controlled by Volvo Cars and Zhejiang Geely Holding is in advanced talks with investors to raise $800 million to $900 million, according to Reuters, while Bloomberg reported that the figure is at least $500 million......»»
Toyota to invest $500 million in KDDI to deepen ties for "connected car"
After decades of focusing on making and selling cars, Toyota is increasingly turning to partners to help develop expensive new vehicle technologies as it tries to transform itself into a mobility services company......»»
LG Chem wins shareholder approval to spin off battery business
Splitting out the unit that supplies batteries to Tesla and other automakers will cement the South Korean supplier's status as a key challenger to China’s Contemporary Amperex Technology Co. as global demand for electric vehicles rises......»»
Ford eyes first-year sales of 100,000 vehicles with hands-free driving system
Ford's Active Drive Assist will be offered first on the redesigned F-150 pickup and the electric Mustang Mach-E, both of which go on sale later this year. But the feature will not be activated until the third quarter of 2021......»»
Daimler invests in lidar startup Luminar to bolster self-driving truck effort
The announcement comes just days after the German company struck a deal with Alphabet Inc.'s Waymo to use its driverless technology on heavy trucks......»»
Waymo provides trove of new safety information
Waymo and other industry experts say the report is the first of its kind in terms of the breadth of detailed safety information provided, and it could set a benchmark for the entire industry......»»
Lear swings to strong Q3 earnings as industry catches up to demand
Lear's improvement in sales is hinged on increased market share, considering global production for Lear declined 3 percent during the quarter compared with a year earlier......»»
Coronavirus dings American Axle Q3 sales by $87 million
Despite sales being down as a result of COVID-19's impact on the supply chain, American Axle reported net income and adjusted free cash flow growth in the third quarter......»»
Privacy Investigation Finds 5 Million Shoppers" Images Collected At Malls Across Canada
An anonymous reader quotes a report from CTV News: Without customers' knowledge, more than five million images of Canadian shoppers' were collected through facial recognition software used by Cadillac Fairview, a parent company of malls across the co.....»»
Samsung Regains Top Smartphone Vendor Spot as Xiaomi Overtakes Apple
Samsung is back on top as the world's biggest smartphone vendor one quarter after losing its spot to Huawei, according to reports from IDC, Counterpoint, and Canalys. The news comes just as Samsung posted its highest quarterly revenue figures ever, w.....»»
Big Tech Continues Its Surge Ahead of the Rest of the Economy
While the rest of the U.S. economy languished earlier this year, the tech industry's biggest companies seemed immune to the downturn, surging as the country worked, learned and shopped from home. From a report: On Thursday, as the economy is showing.....»»