Business

Snapchat overhaul will completely redesign app: it’ll be easier to use

Snapchat overhaul will completely redesign app: it’ll be easier to use

Snap, the company behind Snapchat, has announced its third fiscal quarter results, revealing details about its app as it existed throughout the past quarter -- both goods and bad things. On the upside, Snap says that Snapchat crash rates were down across the board since it started keeping track last year. The company also revealed plans for a big app redesign.

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21st Century Fox in talks with Disney over potential mega sale

21st Century Fox in talks with Disney over potential mega sale

21st Century Fox has been in talks with Disney over a potentially huge sale, according to insiders, as Fox shifts its focus to more narrow content categories. According to sources, Fox wants to trim its focus to sports and news, a response to the rapidly changing media landscape; this change in focus could result in the majority of 21st Century Fox being sold to Disney, giving the media giant yet another movie studio.

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Sprint and T-Mobile officially call off merger plans

Sprint and T-Mobile officially call off merger plans

It looks one of the largest mergers between US mobile carriers in recent history just wasn't meant to be. Both T-Mobile and Sprint have announced that they won't be moving forward with their plans, and have finally called off negotiations following months of back-and-forth discussions. The two companies have jointly stated that they were "unable to find mutually agreeable terms."

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Broadcom exploring purchase of Qualcomm for $100B

Broadcom exploring purchase of Qualcomm for $100B

We could soon be looking at the largest ever technology acquisition, in addition to an even smaller number of mobile chip suppliers in the market. Broadcom is reportedly in talks to buy Qualcomm — both huge chipmakers in their own right — for an estimated $100 billion. While the two companies have faced off in various patent battles over the last few years, it appears their overlapping businesses, not to mention a potentially rough future for Qualcomm, have prompted acquisition discussions.

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GoPro had a great Q3, paves the way for Q4 with Fusion and HERO6

GoPro had a great Q3, paves the way for Q4 with Fusion and HERO6

GoPro struggled financially for years, ultimately undertaking somewhat drastic measures to correct its course. Those measures included multiple layoffs, ultimately shedding hundreds of jobs while restructuring the business in a way that would cut costs and, if all went as planned, help it be profitable again. All of that work has paid off, according to the company's most recent quarterly results.

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T-Mobile Sprint merger may be saved with last minute compromise

T-Mobile Sprint merger may be saved with last minute compromise

Earlier this week, sources claimed SoftBank's board had decided to call off the Sprint-T-mobile merger, the reason being an inability to work out ownership terms with T-Mobile's Deutsche Telekom. Now sources are back saying that T-Mobile is scrambling to save the deal, and that it has sent revised terms to Sprint in hopes that something can be worked out. However, it is possible the deal will fail to go through regardless.

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Amazon Fresh grocery delivery will close in many places this month

Amazon Fresh grocery delivery will close in many places this month

Amazon is shutting down its Fresh grocery delivery service in many neighborhoods, according to emails going out to customers, and it's not limited to just small cities. Amazon Fresh users across several states have received emails notifying them that starting later this month, grocery delivery serivce will no longer be available to their location. This doesn't mean the Amazon service is going away entirely, though, as others in larger regions haven't received the same notification.

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Tesla Model 3 production leak: Automation is no magic bullet

Tesla Model 3 production leak: Automation is no magic bullet

Tesla's ambitions when it comes to ramping up car production are hardy secret. On Wednesday, Tesla revealed that actually meeting those ramp up goals is proving to be harder than expected, as it only built 222 Model 3 vehicles during the third quarter of its fiscal year. That, as you can probably guess, is not good for a car that's intended to be the EV for the mass market.

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Tesla Model 3 misses targets dramatically amid rough Q3

Tesla Model 3 misses targets dramatically amid rough Q3

Tesla has revealed the numbers for its third fiscal quarter 2017, and things aren't looking so hot. The company reports that of its 26,137 vehicle deliveries during Q3, only 222 of them were Model 3 cars. Tesla previously disclosed production bottlenecks as holding up its Model 3 progress, something later tipped to include delays forcing workers to assemble some parts by hand.

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Hilton credit card data breach settlement includes a $700,000 fee

Hilton credit card data breach settlement includes a $700,000 fee

In order to settle a probe into a pair of credit card data breaches that affected some of its guests a couple years back, Hilton Worldwide Holdings will pay a $700,000 fee and also work to improve its security to help ensure future incidents don't occur. The settlement was announced by the attorneys general for Vermont and New York in a statement earlier today.

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Nikon blames smartphones for low camera demand, will close factory

Nikon blames smartphones for low camera demand, will close factory

It's no secret that most people prefer using their smartphone's camera rather than a dedicated digital camera. That reality has put a big dent in the compact point-and-shoot camera market, so much so that many major camera companies have had to make big changes in the past few years to stay afloat. Nikon is no exception, as the company will soon shutter one of its factories in Asia. The reason, it seems, is increased competition with smartphones.

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SoftBank may end Sprint and T-Mobile merger talks tomorrow

SoftBank may end Sprint and T-Mobile merger talks tomorrow

Failure to agree on favorable ownership terms will result in SoftBank calling off merger talks between Sprint and T-Mobile, according to sources who say the change may happen tomorrow. SoftBank will itself propose ending the talks with Deutsche Telekom, the sources claim, saying the two companies have failed to make a deal over ownership of the entity that would result from the merger.

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