Business

Snap Inc. last week filed for a $3 billion initial public offering. The company's private market valuation is $17.8 billion, but investors reportedly have valued it at between $20 billion and $25 billion. "Twenty-five billion dollars is just nuts, but that's the market we're in," remarked Rob Enderl...

The European Commission on Thursday announced three separate investigations into online pricing and other sales practices that may have breached EU antitrust rules. The EC investigations will assess whether consumers were able to enjoy cross-border choice when it came to buying video games and consu...

Wireless, telecom and pay TV -- including cable, satellite and Internet services -- are all on a growth trajectory, but each company is taking a different path. That means comparing them will be more difficult going forward. In the past, the companies in these sectors in many respects looked the sam...

Apple stunned Wall Street Tuesday afternoon, with Q1 earnings that set new quarterly unit and revenue records in key product segments, and its highest-ever earnings per share. Apple CEO Tim Cook told analysts that the company set all-time revenue and unit records for its iPhone and Apple Watch brand...

Silicon Valley is in an uproar over a proposed new executive order that would overhaul the existing policy on foreign worker visas. The Trump administration's goal apparently is to prioritize the hiring of American workers first and make other changes in the way U.S. companies can recruit skilled pr...

Facebook has announced that Hugo Barra would be onboarding the company to head up its virtual reality business, including the Oculus team. Barra just days ago announced his departure from Xiaomi. Barra will fill the void left last month, when Brendan Iribe stepped down as CEO of Oculus to head up a ...

President Donald Trump on Monday named Ajit Pai chairman of the Federal Communications Commission. Pai, who has been a Republican commissioner for the agency since 2012, replaced Tom Wheeler, whom President Obama appointed to the top FCC post in late 2013. With the new administration, Republicans ga...

Almost four years after being poached from a critical post at Google to join Chinese upstart Xiaomi, Hugo Barra on Monday announced he will return to Silicon Valley in February. Barra, who led the Xiaomi's overseas expansion as vice president, international, explained the move largely as a desire to...

Samsung is set to release the results of its Galaxy Note7 investigation on Monday, explaining the underlying causes of the problems that led to the phone's demise. The three independent quality control and supply chain analysis firms Samsung engaged to conduct the investigation concluded that the No...

Netflix generated $8.3 billion in global streaming revenue in 2016, with 35 percent year-over-year growth, it reported Wednesday. The company ended last year with 93.8 million members, including 19 million net additions -- up from 17.4 million new subscribers in 2015. Netflix's global revenue for th...

Facebook COO Sheryl Sandberg on Tuesday announced the Startup Garage, the company's first-ever business incubator, which will be located in Paris at the new Station F hub launched last year. The Startup Garage will provide a six-month program of mentorship and assistance for new companies. About10-1...

Vendors of cybersecurity offerings are finding that the U.S. government is serious about improving the protection of federal IT assets. A steady stream of data protection contracts has been flowing to providers, including some notable high-value transactions during the last half of 2016. One example...

Amazon on Thursday announced it will create more than 100,000 new jobs across the United States over the next 18 months, ranging from entry-level opportunities to positions for engineers and software developers. All will be full-time jobs with full benefits. Many of the jobs will be in new fulfillme...

Yahoo has disclosed in a filing with federal regulators that following the sale of its operating business to Verizon, the company will restructure its board and change its name. It also warned that a massive hack disclosed last year could imperil its $4.8 billion sale to Verizon. Yahoo will operate ...