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Tesla: Own Streaming Service?

Tesla is talking to the music industry about creating its own streaming music service. Music industry sources say the carmaker has had talks with all of the major labels about licensing a proprietary music service that would come bundled with its cars, which already come equipped with a high-tech dashboard and internet connectivity. So why […]

Amazon Buys Whole Foods For $13.7 Billion

Amazon has made a bid to buy Whole Foods in a $13.7 billion deal. The all-cash acquisition (which includes Whole Foods Market’s net debt), will radically shake up any number of businesses and completely changes the online retail and bricks and mortar landscape. “Millions of people love Whole Foods Market because they offer the best […]

Verizon Closes $4.5B Acquisition of Yahoo, Marissa Mayer Resigns

After Yahoo shareholder approval last week, Verizon has finally closed its acquisition of Yahoo, which it plans to combine with its AOL assets into a subsidiary called Oath, covering some 50 media brands (including TechCrunch) and 1 billion people globally. It will be led by Tim Armstrong, who was the CEO of AOL before this. […]

Snap Stocks Tumbles 26 Percent

Snap Inc. added fewer users than projected in the first quarter, a sign that Facebook Inc.’s strategy of copycatting virtually every feature of its Snapchat app is taking a toll on the newly public company. The stock tumbled 26 percent. In its debut earnings report after a March initial public offering, Snap, whose mobile app […]

Sony Sees Highest Profit Since 1998

Sony’s recovery is almost complete, with the electronics maker targeting its highest annual operating profit in two decades. Continued dominance in gaming and strong growth in phone-camera chips will translate into operating profit of 500 billion yen ($4.5 billion) for the fiscal year through March 2018, the Tokyo-based company reported Friday. That was in line […]

Adidas’ All Day App Aims to Help You stay Fit & Eat Healthy

Earlier this month, at SXSW, Adidas teased it was working on new, “open” digital fitness products. And today we’re getting a clearer picture of its strategy, thanks to the introduction of All Day, an app for iOS and Android that’s designed for “versatile” athletes. What this means, according to Adidas, is that the application will […]

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