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Updated: 7 weeks 5 days ago

In a New Funding Round Snapchat Raises $175 Million from Fidelity

Fri, 03/04/2016 - 08:48

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Reportedly, Messaging app Snapchat raised $175 million in a new funding round from financial service group Fidelity Investment. The news comes at a time when there is increasing investor concern for the once hot startups.

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Pincus Stepping Down as Zynga’s Chief Executive, Frank Gibeau Taking Over; Stocks Climb

Wed, 03/02/2016 - 08:36

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Mark Pincus, the co-founder of Zynga is stepping down from his role for the second time as a chief executive officer and the news seem to thrill the investors. Frank Gibeau, an ex- executive of Electronic Arts is replacing Mark Pincus.

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Justice Department Asking Apple to Unlock some of its iPhones; Apple has Still not Agreed to any Such Services

Wed, 02/24/2016 - 08:02

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The dispute between the Justice Department and Apple is still on and company says it is fighting the demands of the government to unlock some of its iphones.

On Tuesday, in a letter which was unsealed in the federal court, a lawyer for the company, Marc J. Zwillinger said "Apple has not agreed to perform any services on the devices."

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Yahoo to Cut Jobs; Shuttering Its Burbank Office Permanently

Thu, 02/18/2016 - 08:21

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Earlier in the month during an earnings call Yahoo Inc. posted huge quarterly loss. Yahoo's CEO, Marissa Mayer had said that the company has plans to overturn the declining revenues and seeks to build a product line that will be new and fast-growing. She connected the strategy to as big as a "tectonic shift."

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Comcast Subscribers in Most U.S Markets Faced TV Outage on Monday; Problem Mostly Fixed by Early Afternoon

Tue, 02/16/2016 - 08:38

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Comcast Corp. based in Philadelphia said on Monday, for some hours they lost part of their cable television service in many some of the U. S. metropolitan areas. However, according to the company the problem was repaired in maximum of the places by afternoon. The outage of service mainly affected TV services.

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Some Top Executives may Exit from Twitter Soon

Mon, 01/25/2016 - 07:31

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Twitter is heading for changes and not just one. Reportedly, the social media site will be losing some of its senior executives soon.

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IBM’s Profit Forecast for 2016 and Fourth Quarter Revenue Show the Company is Still Struggling

Wed, 01/20/2016 - 07:52

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IBM's 2016 profit forecast and the fourth-quarter revenue reflects that the company is still struggling to balance its shift to new technologies and has not been able to cope completely with the drop in demand for its conventional hardware, software and IT business.

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