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Business

Sprint Jay-Z Tidal purchase

Sprint just made Jay-Z rich

January 23rd, 2017

Early this morning, slowly dying wireless carrier Sprint announced that it has bought a 33 percent stake in Tidal, Jay Z’s nearly-dead streaming music service. The deal should bring free or discounted access to Tidal’s service to all of Sprint’s customers, in return for a much-needed cash injection for Tidal, and a seat on Tidal’s …

‘Buckyballs’ magnets now available after ban is overturned

December 2nd, 2016

If you need a gift idea for the holiday season, you can now buy small, powerful, rare earth magnets known generally as Buckyballs. Once regulated and banned because of the danger they pose to kids— they can cause very serious injuries requiring surgery— the magnets are now available for purchase again, following a ruling by …

LINE IPO

LINE is another Zynga

July 14th, 2016

LINE became the biggest tech company to enter the US stock market this year as its shares soared 30% above issue price in early New York trading. Buying these shares is something you should not do. Yes, messaging is a hot space and no, there aren’t many messaging apps companies you can invest in. But …

Budget Airlines Pricing

This is how budget airlines are so cheap

June 1st, 2016

Given that all airlines are in the business of strapping people into seats and transporting them from A to B, I’ve always found it surprising that budget airlines can do the same thing for a third of the price of big carriers, and still make a profit. How do they make it work? As Wendoverproductions …

Search Panama Papers Database

You can now search the entire Panama Papers database

May 9th, 2016

The original revelations from the Panama Papers leak were handled by a select group of news organizations. But if you’ve ever wanted to delve into the financial goings-on of the rich and famous, the entire trove of documents relating to 200,000 accounts is now online, in a handy searchable database no less. The Offshore Leaks Database …

Highest Paid Tech CEOs

The 10 highest-paid CEOs in the tech industry

September 23rd, 2015

Exorbitant CEO salaries is an issue that has increasingly come under microscopic scrutiny in recent years. While many believe that CEO compensation packages have inexplicably skyrocketed, some, like JP Morgan Chase CEO Jamie Dimon, have casually dismissed the notion altogether. In the tech world in particular, where the importance and pressure of making decisive and strategic …

iPhone 6s Upgrade Program

iPhone Upgrade Program may be a goldmine for Apple

September 16th, 2015

Amidst a flurry of new product announcements, Apple last week introduced a new iPhone Upgrade Program that allows users to pay for a new device over the course of 24 months for as little as $32/month. Though not the cheapest program around, Apple’s program does come with AppleCare+ which, depending on your perspective, might make it rather …

Sony reports record annual loss of $5.7 billion

May 10th, 2012

Sony on Thursday reported a net loss of $3.2 billion in the fourth quarter of 2011 to close its fourth straight year in the red. The electronics and entertainment giant struggled throughout the year, reporting an annual loss of $5.7 billion, the worst in the company’s 66-year history. Sony’s factories and supply chains were plagued …

Contract customers continue fleeing T-Mobile in Q1

May 10th, 2012

Following a rough holiday quarter for the nation’s No.4 carrier, T-Mobile on Thursday reported results for the first quarter of 2012. Adjusted OIBDA was up 7.2% from the first quarter last year to $1.27 billion and average revenue per user grew to $58 from $56 in the year-ago quarter. The carrier still saw significant contract …