Private taxi company Uber is planning an even bigger funding round for 2015, looking for $1.5 to $2 billion in venture capital at a valuation of $50 billion.
The National Security Agency is facing trouble with its spying efforts at home, with a new federal appeals court panel going against the NSA on the topic of national phone surveillance.
Apple is colluding with music labels to try and remove tracks from Spotify’s free service, before the launch of Beats Music, scheduled for re-release at the Worldwide Developer Conference in June.
Tesla has announced a new division of its motor company, but this sector is focused on batteries, not electric cars.
Tidal might be out of the top 700 iOS apps, but Jay Z confirmed 770,000 subscribers to the music streaming service, showing it is a legitimate threat to Spotify, Rdio and other services. Now, most of those accounts may be on free trial, but we can expect at least a third of those to stay on post-free trial, and with exclusive albums, early tickets and other incentives, we should expect a lot more in the long term from Tidal.
Apple revealed its second quarter earnings in an audio call earlier this week, revealing 61 million iPhone sales, an increase in Mac sales, the iPad still slumping and services on the rise.
Comcast is backing down from the Time Warner Cable, people familiar with the matter told Bloomberg earlier today. The announcement will be made tomorrow by Comcast, following the Department of Justice and Federal Communications Commission both intervening to block the deal.
The wireless industry has been quite content with high prices, data caps and heavy roaming charges for the past decade, and even with T-Mobile USA coming in to clean the act up, it is still a cesspit of high profit margins, low customer satisfaction rates and billionaire executives.