History has repeated itself for Amazon. Following a series of strong quarterly results, the company has yet again shrugged off Wall Street’s expectations and posted an unexpectedly low profit. The clear culprit was — yet again — Amazon’s penchant for shoveling billions more dollars into its businesses to amp up their growth. In its earnings …
Read More »
You can’t get enough of T-Mobile. The nation’s third-largest wireless carrier said it added 1.3 million net new customers in the second quarter, helped largely by the 786,000 new phone customers on a post-paid plan, or who pay at the end of the month. The figure topped at least one Wall Street firm’s expectations. The numbers underscore the fact that …
Read More »
Netflix has something else to crow about beyond its 91 Emmy nominations. The streaming video service on Monday said it added 5.2 million new customers in the second quarter, up from 1.7 last year. In the US, the company added 1.07 million customers, up from 160,000 a year ago. While the US is still its core market, this quarter marked …
Read More »
Pandora has put its leadership on shuffle. Co-founder Tim Westergren has stepped down as CEO, and two other longtime executives will also leave their posts, Pandora said Tuesday in a statement and in a letter to shareholders. At the same time, the streaming music company is adding a big name to its board of directors: media-world luminary Jason Hirschhorn. Tim Westergren …
Read More »
This story is part of our Road Trip 2016 summer series “Life, Disrupted,” about how technology is helping with the global refugee crisis — if at all. Omar Mohamed has helped dozens of African refugees resettle in the US. Among the first items he sets up for them: a mobile phone. On a hot June day, the 28-year-old case manager …
Read More »
