A ruling last week regarding how much Pandora should pay ASCAP fell in the company's favor, with it being ruled the Internet radio service would pay the high-end of the range it felt the rate should fall within: 1.85-percent. Many in the industry criticized this, but it was seen as a victory for Pandora. Now that such matters are settled, the radio service has announced an increase in rates for subscribers.
Uber, Lyft, and other ride-sharing companies have partially lost out in their battle for Seattle's streets, with the city voting again (and for the final time) in favor of a previous preliminary cap on the services. Ride-sharing services aren't banned from the city, but are limited in how many cars they can have out at any single moment.
Xbox's Chief Product Officer Marc Whitten will be leaving the company to take roost over at Sonos, it has been announced. According to the company's statement on Xbox Wire today, Whitten will become the Chief Product Officer for Sonos, leaving behind the company he has worked at for the last fourteen years.
Bitcoin is one of the most popular virtual currencies out there and the world surrounding bitcoin has been very turbulent over the last few months. One of the most popular bitcoin services called Mt. Gox filed bankruptcy taking with it the virtual coins of many users. The biggest news in the Bitcoin realm came from Newsweek when it ran a story claiming that Dorian Satoshi Nakamoto was the creator of the virtual currency.
Toshiba and SanDisk have both filed civil lawsuits against SK Hynix Inc. over suspected data theft in a case of corporate espionage. The two companies are seeking damages. The lawsuit follows the recent arrest of a Hynix worker that previously served as a SanDisk engineer, providing company information to Hynix.
Pandora and the music industry have long been engaged in a spat over what kind of rates the Internet radio service should be paying out. In a recent ruling, Judge Cote ordered Pandora to pay ASCAP, a performance rights organization, 1.85-percent of its annual revenue, something that has the industry up in arms.
After facing a ban on Tesla sales direct to customers in the State of New Jersey this week, Tesla Motors Chairman of Product Architecture and CEO Elon Musk wrote a letter. This letter speaks up on the state of the industry, suggesting that it’s not for "consumer protection" that Tesla has been banned from selling cars in the state, but to promote a monopoly for the gas-dependent auto industry in place today.
Overstock.com is a website that sells all sorts of items for the home and other categories. It’s rather like Amazon, but on a smaller scale. The last time we talked about the company was when it started taking payments for items in bitcoin in January of this year. Overstock is back in the news now after defeating a pair of patent trolls.