One of the most important companies of the first dot-com boom, Yahoo, has reached the end of its life as an independent company. Yahoo’s board approved the sale of Yahoo’s core business to Verizon in a deal valued at $4.8 billion. The company’s shareholders and regulators must still approve the deal — the companies expect it to close in early 2017.
The deal represents a stunning decline for a company that was valued at more than $100 billion at its 2000 peak. Yahoo was never really able to adapt its technology and culture for a post-2000 internet that was focused on social media and mobile devices, and so it steadily fell behind rivals such as Google and Facebook.
Continue reading “Verizon’s purchase of Yahoo, explained”
After a day of boos, protests, and raucousness on day one of the Democratic National Convention, Michelle Obama gave arguably the best, most resonant speech of the day. She really seemed to calm the crowd down, bringing a little unity to the fraught convention floor.
She also did something else that was important for Democratic unity. She reminded everyone what a big, historic deal Hillary Clinton’s campaign is — and she did it in a way that felt authentic and relatable.
Continue reading “Michelle Obama’s DNC speech made Hillary Clinton’s historic nomination feel personal”
Pokemon Go is an unprecedented success, but Nintendo recently admitted it won’t directly profit from the augmented reality game, leading to a loss of $6.7 billion in Nintendo’s market value on Monday. Nintendo’s market value rose by $7.5 billion on July 11th, just after Pokemon Go went public and became an instant, massive hit across the globe. Since its launch, Pokemon Go has added nearly $12 billion to Nintendo’s market value, meaning today’s dip, while sizable, isn’t a total disaster for the company.
Continue reading “Nintendo loses billions in value after ‘Pokemon Go’ truth bomb”
Did you think NVIDIA’s newest Titan X was a monster of a video card? You haven’t seen anything yet. The GPU maker has unveiled its latest Quadro workstation cards, the Pascal-based P5000 and P6000, and they both pack power that makes your gaming-grade card seem modest. The P6000 (above) is billed as the fastest graphics card to date, and for good reason. It has even more processing cores than the Titan X (3,840 versus 3,584) and twice as much memory — a whopping 24GB of RAM. The P5000 is closer to the GTX 1080 in performance with “just” 2,560 cores, but its 16GB of RAM handily bests the gaming card’s 8GB. If you’re working with massive amounts of 3D data, these are likely the boards you want.
Continue reading “NVIDIA’s latest pro video cards help you livestream VR video”
There’s nothing worse than answering a call from a number you don’t recognize and getting locked into an awkward sales or marketing call. Well, those incidents may be less frequent for many after Google added spam call detection to its phone app for Android.
Continue reading “Google’s Android Phone app now identifies spam callers”
The Rift’s best days are still ahead of it as Facebook’s virtual reality company prepares to drastically improve user experience by introducing its room-scale tracked motion Touch controllers in Q4 of this year.
Continue reading “Oculus update paves the way for room-scale VR on the Rift”
Today seems to be a day of e-commerce inevitabilities in India. Alongside news of Rocket Internet-backed Jabong’s sale comes the launch of Amazon Prime in the country.
The service costs 499 INR (around $7.50) per year, although that “introductory” price will later rise to 999 INR ($14.80), for which customers get free one- and two-day delivery for products to over 100 cities, discounted same-day delivery in top-tier cities like Delhi, Mumbai, Bangalore, and Hyderabad, and early access to selected deals.
Amazon’s Prime video service is missing from the list at this point, but media reports indicated that it will come soon. Factor Daily reported earlier this month that Amazon is sinking as much as $300 million into securing and developing original content in India for Prime customers ahead of a launch “later this year.” That sum is reportedly coming from the $3 billion that Amazon this summer committed to pumping into its India-based business as it continues to battle with homegrown e-commerce rivals Flipkart and Snapdeal.
Amazon’s website hints that Prime Video is “coming,” but there’s no specific timeframe at this point.
Elon Musk plans to steer Tesla towards fully autonomous driving, car sharing, and cargo transport, according to the long awaited blog post on the company’s website. A fully solar power ecosystem driven in-part by SolarCity will help Musk and Co. get there.
Musk has been teasing the master plan part II for days. What would be in it? Would Tesla cars fly? Would they go to space? What does Lana Del Rey have to do with it? Why is Elon Musk talking about crack on Twitter?
Continue reading “Elon Musk reveals Tesla’s master plan”
According to new numbers posted by IDC, smartwatch shipments are down for the second quarter of this year, marking the first drop of its kind. And it’s not insignificant falloff – moving from 5.1 million a year ago to 3.5 million this quarter. That’s a 32-percent decline.
The culprit seems pretty clear for the research firm. IDC lays the blame squarely at the Apple’s feet. While the hardware giant managed to maintain its position at the top of the leaderboard (from 3.6 to 1.6 million), it was the only company in the top five to experience a year-over-year loss, while Samsung, Lenovo, LG and Garmin either stayed flat or made a modest gain.
IDC notes that the number is due in part to the fact that the Q2 2015 was when the first Apple Watch launched, no doubt a significant driver in its huge numbers. The firm also blames the stagnation on consumer anticipation for a followup from the company, with consumers holding off on purchase until Apple refreshes the device, likely later this year.
The first official cybercrime figures from the Office for National Statistics suggest one in ten adults have been victims in last 12 months — a much higher figure than previously thought.
Continue reading “These figures show cybercrime is a much bigger menace than anyone thought before”