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Editor’s Note: This story originally published on September 19, 2018 CNN Business — Each year, Apple CEO Tim Cook calls the next-generation iPhones the best ever made. The company’s 2018 lineup, specifically the iPhone XS and XS Max, delivers on that promise: They’re the smartest, fastest, best iPhones we’ve seen to date. But at this…
Uber will pay $148 million to settle an investigation into a 2016 data breach that the company was accused of intentionally concealing. The settlement with attorneys general for all 50 states and Washington, DC, will be split among the states. It’s the largest ever multi-state data breach settlement, according to the New York attorney general….
Bitcoin’s big stock market debut is coming at a bad time. Three of the world’s top makers of cryptocurrency technology are planning to sell shares, giving investors a new way to bet on digital currencies. They’re reportedly hoping to raise billions of dollars. Unlike the dollar or the euro, which are issued by central banks,…
Jeff Bezos’s Blue Origin rocket company just scored a major contract. His company’s BE-4 engines will power United Launch Alliance’s Vulcan Centaur, a new suite of rockets that will aim to better compete with Elon Musk’s SpaceX on price. Its first launch is slated for 2020. The contract award with ULA marks a high-profile vote…
Tesla’s stock tumbled Friday morning after the SEC sued Elon Musk for misleading investors. Musk tweeted on August 7 that he had secured funding to take Tesla private at $420 a share. Typically, stocks match takeover prices that a company publicizes. Investors assume the deal will be completed and the company will eventually be worth…
Elon Musk has tweeted himself into serious trouble. The Securities and Exchange Commission sued Tesla’s CEO on Thursday for making “false and misleading” statements to investors. It’s asking a federal judge to prevent Musk from serving as an officer or a director of a public company, among other penalties. The complaint hinges on a tweet…
Analysts are telling Tesla investors to brace themselves. “If you buy or own Tesla stock, be prepared for a wild ride,” Autotrader analyst Michelle Krebs told CNNMoney. The Securities and Exchange Commission sued Elon Musk on Thursday for making “false and misleading” statements to investors in an August 7 tweet that said he had secured…
BlackBerry’s transformation from struggling smartphone company into a burgeoning leader in cybersecurity software and connected cars is on track. The company now generates more than 90% of its total revenue from software and services. And 81% of those sales are recurring. In other words, BlackBerry is no longer subject to the fickle tastes of consumers…
Can Tesla navigate through its many controversies and still meet its sales targets? We’re about to find out. Early next week Tesla will report how many cars it made in the third quarter and how many it was actually able to deliver to customers. Three months ago, investors and Tesla fans waited to see if…
An attack on Facebook exposed information on nearly 50 million of the social network’s users, the company announced Friday — and gave the attackers access to those users’ accounts with other sites and apps that they logged into using Facebook. The attackers exploited a bug in a feature called “View as” that lets users see…
