Category: Tech

Tech

Blue Apron shareholders file lawsuits alleging investors were misled

Blue Apron’s post-IPO woes continue. The meal-kit delivery company has been hit with multiple shareholder lawsuits this month, all alleging it made misleading statements in its IPO prospectus. The various complaints echo each other in their allegations against Blue Apron, its CEO, CFO, and directors, as well at underwriters of the IPO. Namely, that the…

Tech

Yahoo ordered to pay $5.5 million for busting March Madness deal

(Reuters) — Yahoo Inc owes a prize promoter $5.5 million for backing out of a contract to pay $1 billion for predicting every winner in the 2014 NCAA men’s basketball tournament, and entering a similar contract with Quicken Loans Inc and Warren Buffett’s Berkshire Hathaway Inc, a court decided on Monday. The 5th U.S. Circuit…

Tech

Facebook faces scare that teens are, like, totally going to Snapchat and Instagram. Again.

If it’s August, then it’s mostly definitely rerun season. Now playing on the internet: The episode in which everyone freaks out that young people are abandoning Facebook in favor of hot new social media services like Snap and Instagram. This episode was first broadcast in 2013, when CEO Mark Zuckerberg acknowledged that growth among youngsters…

Tech

Google is reportedly working on a smaller smart speaker to take on Amazon’s Echo Dot

Google is reportedly planning to release a smaller version of its Google Home smart speaker later this year. The features available in the mini Google Home are not yet known, but if true, Google Home could be complimented by a series of smaller, potentially cheaper speakers throughout one’s home similar to how Amazon Echo owners can…

Tech

The iPhone 8 could recognize your face in 'millionths of a second'

The iPhone 8 is expected to launch in September and will likely be packed with a bunch of new hardware including facial recognition technology. Now, a new report from the Korean Herald claims that the facial recognition technology used in the device will only take “millionths of a second” to scan a person’s face. SEE…

Tech

SEC is investigating Spotify’s plans to go public without an IPO

Officials from the Securities and Exchange Commission (SEC ) have met with Spotify executives to examine its plans of bypassing the initial public offering (IPO) market and listing shares directly on the New York Stock Exchange, according to Bloomberg. Such direct listings , rare on major stock exchanges, tend to involve small companies moving from…