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Target Announces Bid To Buy Grand Junction

Target Corp. (NYSE:TGT) has announced the planned acquisition of delivery logistics company Grand Junction. The purchase of Grand Junction will help the company achieve its goals for offering same-day delivery service to in-store shoppers. The price that Target intends to pay for Grand Junction has not been disclosed. Grand Junction specializes in software that connects retailers with about 700 delivery companies around the country. Those delivery companies pick up items from stores or distribution centers and deliver them to customers. According... 
 

Yelp And GrubHub Reach Deal For Eat24

Yelp (NYSE:YELP) has announced it would sell one of its businesses to GrubHub (NYSE:GRUB), the parent company of Seamless and MenuPages. Yelp agreed to sell Eat24, an online food-ordering business, to GrubHub in a $287.5 million all-cash deal. The price is a little more than double what it bought the company for two years ago. Yelp acquired Eat24 for $134 million in 2015. The deal creates a partnership that allows Yelp users to order online directly from GrubHub, and vice versa. Yelp users will have access to the 55,000 or so delivery listings on... 
 

Uber Announces Changes To Driver Support Systems

Uber is overhauling its driver support systems with a number of new driver support features to respond better to drivers’ complaints. Six new features are being rolled out. The new features were described in an email shared by Uber Head of Driver Experience Aaron Schildkrout and Uber Regional General Manager for U.S. and Canada Rachel Hold. Uber is 35 days into its “180 Days of Change” campaign to improve the driver experience to retain its drivers and recruit new ones. The features of the 180 Days of Change initiative are being rolled out... 
 

Netflix Reports Record Subscriber Growth For Q2

Netflix Inc. (NASDAQ:NFLX) surpassed forecasts for subscriber growth in the second quarter of its fiscal year. The company signed up 5.2 million subscribers in the second quarter. That was 2 million more than analysts had forecast. The company reported that 4.14 million of those new viewers came from outside the U.S. Netflix has started to become popular in some of the biggest countries in the world. Netflix began to move overseas in late 2010. It first expanded to Canada, which remains the service’s largest international market. The U.K., Brazil,... 
 

Visa Tries To Jumpstart Cashless Society

Visa (NYSE:V) wants to convince small businesses to stop accepting cash and are prepared to give them money to do it. Visa is calling it the “The Visa Cashless Challenge.” Visa said the program will initially focus on restaurants and food establishments. There is an expectation that Visa will expand the program to other industries, and possibly other countries, in the coming months and years. Restaurants that accept the challenge may receive a $10,000 gift from Visa to help pay for technology upgrades. The program participants will be... 
 

Facebook Fined In France Over Privacy Violations

Facebook Inc. (NASDAQ:FB) was fined 150,000 euros ($166,000) by French regulators this week for privacy breaches related to its business practices. French data protection authorities determined that Facebook had violated national laws on the dissemination of user data. The 150,000 euro fine is not a big hit to the company, which has quarterly revenue of about $8 billion. However, the amount was France’s maximum privacy fine at the time the case began. The CNIL can now issue fines of up to 3 million euros, after the passing of a new law in October... 
 

Facebook is Working on Filtering Out Improper Advertising to Improve User Experience

Ok, so, isn’t online advertising getting a little ridiculous? You just want to use your favorite social media app—Facebook, Snapchat, Instagram—to stay in touch with friends, maybe see some funny pics, or watch a stunning video, but all these fake ads (and posts) just keep getting in the way of what should be a quick glance at your phone. It’s frustrating, right? Well, it looks like Facebook share’s your frustration. The social media giant has just let it be known that it is working on stopping all the “spammy” links which... 
 

Facebook Announces Steps To Combat Fake News In UK

Facebook (NASDAQ:FB) has announced a number of measures it is taking in the UK to combat the spread of fake news and misinformation on its platform. Facebook released a statement saying, “These changes help us detect fake accounts on our service more effectively — including ones that are hard to spot.” Facebook’s director of policy in the UK, Simon Milner, said, “We have developed new ways to identify and remove fake accounts that might be spreading false news so that we get to the root of the problem.” Facebook has been under fire for... 
 

Senate Votes To Roll Back Internet Privacy Rules

The Senate has voted to dismantle a set of internet privacy rules approved by the Federal Communications Commission (FCC) last year. The rules were passed under Tom Wheeler, the FCC’s previous chairman, in a party-line vote in the final months of the Obama presidency. The Senate passed the resolution ending those rules in a 50-48 party line vote. The rules under fire required internet service providers to obtain customers’ permission before using their personal information for advertising purposes. Consumers would have to give their consent... 
 

Tesla Reveals Plans For 2017

Tesla Motors Inc. (NASDAQ:TSLA) has announced numerous plans for 2017. Next year will see the launch of the newest Tesla vehicle, the Model 3 sedan. The new model is its first electric car targeted at the masses. Tesla said it received 373,000 reservations for the sedan within a week of opening the preorders earlier this year. Tesla hopes to sell the all-electric sedan for about $35,000, starting late next year. Production on the vehicle will begin in the fall. Musk has given Model 3 suppliers a July deadline to have their parts all ready to go. Also... 
 

San Francisco Transit System Hacked Over Weekend

The San Francisco Municipal Transit Agency (MUNI) was hacked over the weekend, causing an outage to the service’s ticketing system. The cyberattack also impacted the Municipal Transportation Agency’s email system. Reports estimate that 2,112 systems were infected. Muni spokesperson Paul Rose said the hack was discovered on Friday. Right now, it is believed that an employee of SFMTA with “admin level” access on the agency’s network downloaded a software keycode generator that carried the malicious code. A brief message left... 
 

Tesla Makes Bombshell Acquisition Announcement

Tesla (NASDAQ:TSLA) recently made an announcement that that it plans to buy Grohmann Engineering, a small German engineering firm based in Prüm, Germany. The company specializes in highly automated manufacturing techniques. After the purchase, the company will be renamed Tesla Grohmann Automation. The Grohmann unit will be part of the new Tesla Advanced Automation Germany group. Tesla said, “We expect to add over 1,000 advanced engineering and skilled technician jobs in Germany over the next two years.” Grohmann currently employs around 700... 
 

Tesla Announces $2.6B SolarCity Deal

Tesla Motors (NASDAQ:TSLA) and SolarCity (NASDAQ:SCTY) jointly announced a $2.6 billion stock merger on Monday. Under the terms of the deal, SolarCity shareholders will receive 0.11 Tesla shares for each SolarCity share they own. The deal values each SolarCity share at $25.30, roughly 58 cents below where the shares ended trading on Monday. Elon Musk is the chairman of SolarCity and chief executive of Tesla Motors. Tesla submitted a proposal to Lyndon Rive, the chief executive of SolarCity, to acquire the company June 20. That proposal had a higher... 
 

Snapchat Hoping Marketers Will Embrace New Ad Platform

Snapchat announced the launch of Snapchat Partners today, an advertising API (application programming interface) that is partnering with more than 20 tech companies. The new program was launched to increase advertising on the platform. Snapchat says that the API will make it easier for marketers to buy ads on the platform. According to a study from L2, which examined hundreds of marketers across sectors, brands average 26 posts per week on Snapchat. However, nearly one-third of brands with a Snapchat account don’t even post once a month on... 
 

New Household Robot From Asus A Big Hit At Computex

The new Zenbo robot from Asus (ASUUY) was revealed at the Computex trade show in Taipei on May 29, 2016. The Zenbo robot, which will cost $599, is described as a home robot designed to be different things to different family members. Purchasers can use it as smart home manager, security guard, hands-free kitchen assistant, family photographer and more. At first glance, the robot looks like a cross between ET and the robot BB-8 from Star Wars. The robot stands about two feet high, can understand spoken commands, and rolls around on its own on its... 
 

Amazon Adds More Dash Buttons To Its Offerings (NASDAQ:AMZN)

Amazon has announced an expansion of its Dash Buttons product line from the current 30 to more than 100. The expansion now includes several in the food and drink space, as opposed to being limited to consumer packaged goods. New brand additions include Brawny, Charmin, Clorox, Doritos, Energizer, Gain, L’Oreal Paris Revitalift, Lysol, Peet’s Coffee, Playtex, Purina, Red Bull, Slim Jim, Snuggle, Starbucks, Trojan, and Vitamin Water, among others Amazon Dash Buttons are Wi-Fi connected, push-button devices that let you buy products from Amazon... 
 

FAA: Number of Drones in US To Triple Before 2020

It is estimated that close to 7 million drones will fly in the skies over the United States by 2020. Which will close to triple the number that is expected to be circulating in the air by the end of 2016, said the Federal Aviation Administration on Thursday. Unmanned aircraft systems are going to be the most dramatic growth sector in aviation said the FAA in its report, that forecast some 2.5 million drones would be in use before the end of this year. However, how the market for civilian drones evolves will depend upon the future regulatory and... 
 

Google Shines Spotlight on HTTPS

HTTPS is considered to be one of the keys to safer travels across the Internet. However, that will be the case only when it is implemented broadly across the web. With a goal of shedding light on the progress made thus far, on Tuesday Google launched a new part of a transparency report that is dedicated to just encryption. Included in that section, is data that highlights the progress in encryption efforts both by Google and popular third party sites. The goal with the project, said Google is to hold themselves accountable and to encourage others... 
 

Echo Aiming To Be Amazon’s Next Billion Dollar Business (NASDAQ:AMZN)

The popularity of the Echo by Amazon is making many believe that it will be the next big thing in consumer technology. The Echo is a screenless, voice-controlled household computer that can perform a variety of tasks, including playing music, reading the news and weather, keeping a shopping list, and ordering products. Some are now suggesting that the Echo is on the path to become Amazon’s next $1 billion business. The Echo was first introduced to the market in late 2014. According to reviews posted on Amazon, consumers are loving the device.... 
 

Ransomware Targeting Apple Products is on the Loose

Researchers discovered what they describe as the first real-world ransomware attack Apple’s Mac. The ransomware is on torrent software, which could put computers at risk if any has been downloaded of late. Experts in computer safety are saying that Mac users are no longer any better off than other PC users. Security researchers discovered what they say is the first ever ransomware attack that targeted users of Apple, that has made it out into the real world and it is bad news for those who like to download, as it is being spread through the torrenting... 
 

Huawei Aims Directly At Apple With Launch of Tablet

Huawei the Chinese tech giant unveiled on Sunday its MateBook its first try at a 2-in-1 tablet that looks to challenge Apple, Samsung and Lenovo, as the company looks to other areas to increase growth of its business dedicated to consumer devices. The new MateBook has a detachable keyboard similar to the iPad Pro by Apple and runs on the latest Microsoft Windows 10 operating system. It was launched Sunday in Barcelona at the Mobile World Congress. The device has a display of 12-inches, a front camera of 5-megapixels, storage of 512 gigabytes and... 
 

Insanely Popular VLC Media Player Finally Available for Apple TV

Apple has been quite busy over the past decade. With the transition away from Steve Jobs’ more controlled environment into one with a far more wide-reaching product base, the technology company has been quickly innovating their way into the future. With a strong foundation, Apple has already cemented its place into the culture, but as consumer demand and, more importantly, awareness grows, expanding into other fields makes sense. That is not to say it has been an easy transition. Or, rather, that it has not been fraught with obstacles. Still,... 
 

Amazon Pulls Hoverboards from Site

One of the gifts to beat this holiday season was sure to be the hoverboard. While the technology is less like the floating skateboard made famous in Back to the Future Part 2 and more like a Segway with no handle, these “hoverboards” have become quite popular lately. Maybe it is because we are currently living around the time this movie projected our technology would reach this achievement. Perhaps it has something to do with the publicity stunt produced by Funny or Die and Tony Hawk which featured—or so it seemed—a hoverboard. Regardless... 
 

Nokia Releases New $60K VR Camera

Nokia has formally released its new OZO professional VR camera, priced at $60,000. The device was designed and built for use by professional content creators. A preview of the device was released last July and the company has been drumming up excitement for the new camera ever since. The new VR camera was unveiled during an official launch event in California on Monday. The launch event included a live performance by the band Best Coast that was recorded with the new camera and broadcast in full 3D 360 VR from the roof of the Capital Records tower.... 
 

Apple Shares Continue to Slide (NASDAQ:AAPL)

It does not take much negative news to tip the balance on stocks like Apple. Shares of the tech giant were down another 2.5% Wednesday after falling 2.5% on Tuesday to close at $102.71. The once-hot stock is now careering toward the $100-a-share level — a price threshold bulls are hoping will finally hold. Apple’s stock hasn’t closed below $100 since late October 2014. Shares of Apple have lost about 25% of their value from last year’s high and are at their lowest close since August 2015. Once a stock investors used to... 
 
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