financial

Instacart finally addresses tip baiting with threat of bans

Instacart finally addresses tip baiting with threat of bans

Following widespread criticism of the practice, Instacart is taking steps to protect its shoppers from 'tip baiting,' the practice of dangling a big tip, then revoking it once the groceries are delivered. It will still be possible for customers to stiff shoppers when it comes to tipping, but things will be more tricky going forward and problematic customers won't stay on the platform for long.

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Netflix acquires Hollywood’s historic Egyptian Theatre built in 1922

Netflix acquires Hollywood’s historic Egyptian Theatre built in 1922

Netflix has officially acquired Hollywood's iconic Egyptian Theatre following reports of its interest in the business nearly a year ago. Netflix will renovate the theater and use it for special screenings, among other things, breathing new life into the facility. American Cinematheque, the nonprofit organization that reopened Egyptian Theatre in 1998, will reportedly work alongside Netflix.

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Walmart quietly reveals plan to shut down online shop Jet.com

Walmart quietly reveals plan to shut down online shop Jet.com

Only a few years after acquiring the company, Walmart has quietly announced plans to shut down the online retailer Jet.com. The revelation was nestled within Walmart's newly published quarterly financial results, with the company noting that it will 'discontinue' Jet due to the 'continued strength of the Walmart.com brand.' Walmart had paid $3 billion to acquire the company.

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Apple set new all-time and quarterly records in Q2 2020 despite pandemic

Apple set new all-time and quarterly records in Q2 2020 despite pandemic

Apple has announced the financial details for its second fiscal quarter, reporting that despite the coronavirus pandemic and resulting economic downturn, the company set new all-time and quarterly revenue records. The quarter, which ended on March 28, pulled in $58.3 billion in revenue, a one-percent jump over the same quarter last year. International markets drove the sales during this quarter.

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Google Card leaked: Contactless payments, simple digital money hardware

Google Card leaked: Contactless payments, simple digital money hardware

The Google Card was leaked today in full color, complete with co-branding with a set of bank partners. Early indicators suggest Google is working with Stanford Federal Credit Union, CITI, and other bank brands. This is not the first time Google's had plans for (or gone so far as to release) a physical, plastic card with which to pay for products and services.

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Robinhood down again as markets in freefall

Robinhood down again as markets in freefall

Robinhood is down for the third time this month, with the investment app adding more bad news to the market crash that saw US trading frozen on Monday morning. Popular with novice traders getting their first taste of the stock markets, Robinhood confirmed just before 10am ET on March 9 that it was "experiencing issues with equities, options and crypto trading."

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Robinhood investing app outage continues, but a fix is inbound

Robinhood investing app outage continues, but a fix is inbound

Robinhood, an investing app that is most popular among young users as a simple way to make investments, has been down for several hours today. The company confirmed the outage around 11 AM EST on Monday after around another hour of complaints from users. In the most recent update on the matter, the company said that it has figured out what went wrong and that it is working on a fix.

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IRS clarifies confusing Fortnite V-Bucks tax requirement

IRS clarifies confusing Fortnite V-Bucks tax requirement

The IRS has offered clarification on the confusing and panic-inducing Fortnite V-Bucks tax reporting requirement that appeared on its website. At the time when it was first noticed, the IRS's website said that Fortnite players were required to report the V-Bucks they spent in the game. When the requirement went viral, however, the taxation agency quietly deleted the requirement, confusing taxpayers.

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Some former MoviePass customers may be owed money

Some former MoviePass customers may be owed money

Helios and Matheson, the parent company behind defunct movie ticket subscription company MoviePass, has officially filed for Chapter 7 bankruptcy. The details surfaced in a Security and Exchange Commission (SEC) document filed by the company. Among other things, it is indicated that some former MoviePass subscribers may be owned money, though the details about that are slim at this time.

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Apple Q1 2020: The winners and losers

Apple Q1 2020: The winners and losers

Apple's fiscal 2020 first quarter was hardly a disappointment, with record revenues, but not every category in the Apple Store was quite pulling its weight. While the Cupertino firm doesn't break down individual sales on a per-product basis - much to the frustration of fans and financial analysts alike - it does give an indication of how each division performed.

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Apple credits record revenue to iPhone and wearables

Apple credits record revenue to iPhone and wearables

Apple has announced its financial results for its first fiscal quarter of 2020. As has been the case for the company, Apple experienced new record-breaking revenue during its most recent quarter with the iPhone and Apple Watch leading the pack. In the quarter ended on December 28, 2019, Apple raked in $91.8 billion in quarterly revenue, a 9-percent increase over the same quarter last year.

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HTC 2019 revenue continues downward spiral, worth 2 weeks of AirPods sales

HTC 2019 revenue continues downward spiral, worth 2 weeks of AirPods sales

HTC was the first to come out with an Android phone but even before that, it was already one of the top smartphone makers even before the word smartphone came to be. Along with Motorola and, to some extent Sony (back when there was a Sony Ericsson), it is one of the oldest phone makers still in business today. That, however, may not last long if its recent financial disclosure is anything to go by, revealing a decline that has been ongoing for eight street years now without any signs of stopping.

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