Apple’s iOS will now confirm you meant to subscribe to that app

Apple has added another step to prevent users from accidentally signing up for an iOS app’s subscription – or, from being tricked into it by a scammy app not playing by the rules. The company recently rolled out a subscription confirmation dialog box that pops up as one final step …

China’s Tesla wannabe Xpeng starts ride-hailing service

There’re a lot of synergies between electric vehicles and ride-hailing. Drivers are able to save more steering an EV compared to a gas vehicle. Environmentally conscious consumers will choose to hire an electric car. And EVs are designed with better compatibility with autonomous driving, which is expected to hit the …

Facebook sues four Chinese companies over trademark infringement

Facebook is taking legal action against a cluster of Chinese websites that sell fake accounts, likes and followers both on Facebook itself and on Instagram. The company announced the legal action in a short blog post late Friday afternoon (a move unusual enough to pique our curiosity a little). Of …

With antitrust investigations looming, Apple reverses course on bans of parental control apps

With Congressional probes and greater scrutiny from Federal regulators on the horizon, Apple has abruptly reversed course on its bans of parental control apps available in its app store. Apple defends its takedown of some apps monitoring screen-time As reported by The New York Times, Apple quietly updated its App …

WeWork CEO Adam Neumann has reportedly cashed out of over $700 million ahead of its IPO

Adam Neumann, the co-founder and chief executive of the international real estate co-working startup, WeWork, has reportedly cashed out of more than $700 million from his company ahead of its initial public offering. The size and timing of the payouts, made through a mix of stock sales and loans secured …

Salesforce keeps rolling with another banner year in 2018

The good times kept on rolling this year for Salesforce with all of the requisite ingredients of a highly successful cloud company — the steady revenue growth, the expanding product set and the splashy acquisitions. The company also opened the doors of its shiny new headquarters, Salesforce Tower in San …

VMware acquires ML acceleration startup Bitfusion

VMware today announced that it has acquired Bitfusion, a former participant in our Startup Battlefield competition. Bitfusion was one of the earliest companies to help businesses accelerate their complex computing workloads on GPUs, FPGAs and ASICs. In its earliest iteration, over four years ago, the company’s focus was less on …

Spotify reports 29% rise in MAUs to 207M but misses on Q4 revenues of $1.702B

Spotify continues to see growing uptake for its all-you-can-eat streaming music (and increasingly podcast) services, even as it fell short of analyst expectations on sales in its earnings. In Q4 results reported today alongside the blockbuster news that it was acquiring Gimlet and Anchor to step up its podcast push, the …

CrowdStrike impresses with first earnings report

CrowdStrike, a cybersecurity business focused on endpoint protection, posted revenues of $96.1 million on GAAP net losses of $26 million in the first quarter of fiscal year 2020, according to the company’s first-ever earnings report released Thursday following its $612 million NASDAQ initial public offering in June. CrowdStrike closed up 2.5% …

Boeing set to take $4.9 billion Q2 charge on 737 Max grounding

Boeing’s 737 Max fiasco has cast a dark shadow over the company’s reputation and is impacting the company’s financials in a major way, as well. The Seattle aviation company announced that it will be taking a hefty $4.9 billion post-tax hit in its second quarter due to the continued grounding …