financial

Devialet raises $106 million to expand its audio tech

Devialet raises $106 million to expand its audio tech

Devialet raised $106 million in venture capital, it has announced, to fund the expansion of its proprietary tech amongst the smart devices, auto, and television sectors. As well, Devialet will expand its distribution network, adding more U.S.-based stores and ‘immersive rooms’ to its roster; this follows the launch of its sixth overall store, one located in NYC's SoHo neighborhood.

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Indiegogo equity crowdfunding lets anyone invest in startups

Indiegogo equity crowdfunding lets anyone invest in startups

Indiegogo, a crowdfunding platform similar to Kickstarter, has announced a new way for users to give companies money: by investing in them. Indiegogo has teamed with MicroVentures to launch what it says is an equity crowdfunding service in which people receive company shares rather than various perks like prototypes and finalized products. Such an option is made possible via the 2012 JOBS Act.

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Samsung Pay Rewards gives users points for mobile payments

Samsung Pay Rewards gives users points for mobile payments

Samsung has announced the launch of rewards for Samsung Pay users located in the U.S., something the company says is a first among mobile payment platforms. The rewards work in a way similar to credit card rewards — every time you make a payment with Samsung Pay, points are applied to your account and can be used toward various rewards. The company points out that in the case of credit cards with rewards, this may enable users to earn double the points — rewards from Samsung and from their card issuer.

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Don’t expect an iPhone SE successor in 2017

Don’t expect an iPhone SE successor in 2017

Earlier this year, Apple released the iPhone SE, featuring the iPhone 5's looks and several components from the more advanced iPhone 6s. It was meant to be a slightly more affordable model for those still wanting a 4-inch display, but avoided being seen as a cheap, entry-level device like the iPhone 5c was. Unfortunately, if you're among the users that the iPhone SE appealed to, it looks like Apple has no plans for a refresh in the first half of 2017.

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Twitter confirms 350 layoffs in attempt to increase profits

Twitter confirms 350 layoffs in attempt to increase profits

Following the recent news that it had failed to attract acquisition offers from a handful of potential suitors, Twitter has revealed that it will be cutting 9% of its staff. The announcement came alongside the social network's Q3 financial earnings for 2016, and the layoffs will account for roughly 350 employees. This is all part of a restructuring plan for the company that aims to reach profitability by 2017, and it's a similar move to what CEO Jack Dorsey did last year when over 300 people were fired in an attempt to reduce costs.

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Apple’s record quarterly earnings hinged on ‘Services’

Apple’s record quarterly earnings hinged on ‘Services’

Apple has announced its Q4 earnings for the quarter ending on September 24, saying it made $46.9 billion in revenue with a $9 billion net income (working out to $1.67/diluted share). Company CEO Tim Cook called the quarter successful, saying, ‘We’re thrilled with the customer response’ to the company’s newest products, ‘as well as the incredible momentum of our Services businesses,’ the latter of which set a new record for Apple.

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MasterCard selfie payments are rolling out in the US and Canada

MasterCard selfie payments are rolling out in the US and Canada

MasterCard showed off ‘selfie pay’ and fingerprint payment technology several months ago, and now the services are rolling out in the United States and Canada. Called Identity Check Mobile, this new technology uses both biometric data varieties to authorize online payments. The idea is that using fingerprint or facial images is safer than current options, and you won’t have to remember a password to log in.

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Galaxy Note 7 will cost Samsung billions up to Q1 2017

Galaxy Note 7 will cost Samsung billions up to Q1 2017

It is, of course, no surprise that the Galaxy Note 7, from its production, recall, and now discontinuation, isn’t going to be cheap for Samsung. But now the company is telling the public just how much that will cost it, at least in terms of profit. Or rather, how long it will suffer the consequences. While the actual effects might be longer lasting, Samsung expects that its operating profits will take a massive hit all the way up to the first quarter of 2017.

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Kohl’s Pay launches as retailer’s own mobile payment option

Kohl’s Pay launches as retailer’s own mobile payment option

Kohl’s is the latest store that has decided to make its own mobile payment system and it’s called, you guessed it, Kohl’s Pay. Much like Walmart Pay and CVS Pay, Kohl’s Pay enables shoppers to pay for their items using their phone and saved card data rather than using the card itself, allowing them to carry just their phone around rather than their phone and a wallet.

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CVS Pay officially unveiled, dashing Apple Pay rumors

CVS Pay officially unveiled, dashing Apple Pay rumors

We've known for a few weeks now that CVS Pharmacy has been working on making mobile payments available in its stores, and all signs pointed toward those mobile payments involving Apple Pay. While CVS had confirmed in a roundabout way that it was looking into mobile payments, it didn't specify platforms one way or the other. Now, it turns out via an official announcement, CVS wasn't planning to launch Apple Pay: it was developing its own mobile payments platform called CVS Pay.

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Alphabet’s Q2 financial results beat expectations, show strong growth

Alphabet’s Q2 financial results beat expectations, show strong growth

Google's parent company Alphabet Inc. is soaking it up today, as its financial results for the second quarter are in and they're looking good in almost every area. The company is showing significant year-over-year growth in most areas, with Alphabet CFO Ruth Porat saying that the company is now reaping the benefits of the investments it has made in the mobile and video spaces.

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Apple’s Q3 2016 saw highest App Store revenue ever

Apple’s Q3 2016 saw highest App Store revenue ever

Apple has taken the wraps off its third quarter 2016 financial numbers, with CEO Tim Cook saying its latest quarterly figures “reflect stronger customer demand and business performance than we anticipated at the start of the quarter.” Among other things, the company saw its services business grow by a major 19-percent year-on-year while its App Store revenue reached its highest point ever.

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