| Jillian D'Onfro / CNBC: |
Eric Schmidt to step down as executive chairman of Alphabet's board of directors, will transition to technical adviser and continue to serve on the board — Eric Schmidt will be stepping down as the executive chairman of Alphabet's board of directors and transitioning to technical advisor, the company announced.| Bloomberg: |
Sources: Goldman Sachs is setting up a cryptocurrency trading desk and expects it to be running by June 2018 — The business may be running by the end of June, two people say — CEO Blankfein has said the firm is mulling a bitcoin strategy — At least one of Wall Street's biggest firms … | Alex Webb / Bloomberg: |
Sources: Apple is developing an EKG heart monitor for Apple Watch — Electrocardiogram can help detect arrhythmia, stroke risks — Apple Watch already has a built-in heart rate monitor — Apple Inc. is developing an advanced heart-monitoring feature for future versions of its smartwatch … | Ben Lovejoy / 9to5Mac: |
Throttling iPhones with older batteries was the right decision, but Apple's lack of transparency undermines customers and fuels conspiracy theories — Apple caused a furore yesterday when it admitted that it deliberately slows down older iPhones. — The issue first came to the fore … | Katie Roof / TechCrunch: |
Mattermark to shut down after being acquired by FullContact, source says for under $500K in cash plus stock; common stockholders will get nothing in the deal — Mattermark, the site for startup and company data, is shutting down its own business after selling in a disappointing outcome to FullContact.| Jem Aswad / Variety: |
Universal Music Group and Facebook sign multiyear deal to license UMG's recorded music and publishing catalogs across Facebook, Instagram, and Oculus — Facebook and Universal Music Group today announced a global, multi-year agreement under which UMG becomes the first major music company … | Stephen Nellis / Reuters: |
Tax overhaul lets Apple bring back its $252B foreign cash pile without a major tax hit, but could raise the amount to pay on profits from patents held abroad — (Reuters) - The U.S. Republican tax overhaul passed by Congress this week will allow Apple Inc to bring back its $252.3 billion … | Ben Kuchera / Polygon: |
Apple says apps with loot boxes or other mechanisms that provide randomized virtual items for purchase must disclose odds of receiving items prior to purchase — This is a big change — The rise of loot boxes in premium video games was one of the most controversial stories of the year … | Nathaniel Popper / New York Times: |
Winklevoss twins reflect on their risky bet on Bitcoin, now worth ~$1.3B, made using the $65M settlement they received from Facebook — The virtual currency stockpile that Cameron and Tyler Winklevoss began amassing in 2012 is now worth around $1.65 billion. They have no plans to sell.| CNBC: |
Comcast claims it will award $1K bonuses to 100k+ employees due to net neutrality repeal and tax cut; AT&T to award $1K bonuses to 200k employees and invest $1B — - The House of Representatives on Wednesday sent tax reform legislation to President Donald Trump, who is expected to sign it soon.| Nicholas Megaw / Financial Times: |
Long Island Iced Tea Corp, an unprofitable soft drink maker, rebrands as Long Blockchain Corp and pivots to blockchain exploration; shares rise as much as 500% — A US securities regulator has warned investors against “potential scams” following a surge in stock prices of hitherto obscure companies … | Monica Alleven / FierceWireless: |
3GPP, the organization that governs cellular standards, signs off on the first specification for 5G, dubbed 5G NR; full details coming later this week — As expected, members of the 3GPP ratified the Non-Standalone (NSA) 5G New Radio (NR) specification for what will form the basis of commercial 5G products …
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