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Business, Financial & Legal Posts - Page 59

Email attachment founder turned down "domineering" Steve Jobs for work

"Nobody wanted to work" for the "domineering" ex-Apple CEO Steve Jobs - that's according to the inventor of the email image attachment, Nathaniel Borenstein, who turned down a job from the man himself.

 

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In 1980, he and his team were attempting to reform the chaotic and primitive email system as part of a post PHD project at Carnegie Mellon university. When Jobs came by and saw his work, he immediately attempted to hire the whole team - but Borenstein turned the offer down.

 

"He was a totally domineering personality," Borenstein says, in a Telegraph interview. "If you were at Apple and you disagreed with Steve Jobs, you lost; whether you were right or wrong. And nobody can always be right."

 

Admitting his own tendencies to be a little on the domineering side, Borenstein decided the two would clash and passed up the opportunity. Rather than a reflection on Jobs' notorious personality traits alone, it does suggest some early prescient thinking on recognizing essential and marketable technology.

Google eyes Dropcam purchase to beef up home security portfolio

Google has been looking into another acquisition in the home security sector according to reports. Google has been looking at possibly buying Dropcam. Dropcam is a company that sells a $150 camera unit capable of streaming video to smartphones and computers. Dropcam launched in 2009.

 

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Google's last major purchase was of Nest Labs, the makers of smart thermometers and smoke alarms. It's unclear at this time how far the talks progressed or if they are still underway. Google is no stranger to buying firms with tech it wants and certainly has the cash lying around to make a purchase of Dropcam.

Continue reading 'Google eyes Dropcam purchase to beef up home security portfolio' (full post)

YouTube to release new channel management app for content creators

Video sharing site YouTube announced late last week that it was working on some new applications that will make managing channels easier for content creators. YouTube will be adding new features for content creators "in the coming months" and has given no firm timeframe on the roll out of the new features. One of the new features will be a separate app for managing channels.

 

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Another of the new features will include a way for fans of a channel to pay the content creator directly. YouTube will also be launching a crowd sourced captioning feature. All of the features that YouTube is rolling out were the result of feedback that the video site received via a survey of users that it conducts twice per year.

Continue reading 'YouTube to release new channel management app for content creators' (full post)

Amazon offers Fire TV fans a 30-day free hardware trial

Amazon launched its Fire TV set top box a while back and the $99 device got a lot of streaming TV fans excited. The big catch was that the device proved so popular that Amazon sold out of Fire TV boxes only a few days after it was announced. That supply issue has now been sorted and the Fire TV is in stock again.

 

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To get people who are interested in the Fire TV to try it out, Amazon has announced a free trial. Buyers can apply an offer that will let them get the Fire TV shipped to their door at no cost and you don't have to pay for the box for a full month.

Continue reading 'Amazon offers Fire TV fans a 30-day free hardware trial' (full post)

FCC wins approval for rural broadband subsidies from appeals court

For a very long time the telephone industry has enjoyed government subsidies designed to help them roll out telephone service into rural parts of the country. The goal was to get people that live in rural America the same sort of communications tech that people in major cities get. As the years pass and fewer and fewer people use home telephone service the FCC has been working to repurpose some of those telephone subsidies.

 

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The FCC announced a plan in 2011 that would use some of the funds from the telephone subsidies to subsidize the roll out of broadband internet access to rural America. Telephone firms pushed back hard against that change out of fear of losing subsidies. The FCC has now won the right to use some of the money from those subsidies to spread broadband in rural parts of the US. The 10th Circuit Court of Appeals struck down the challenge leveled by telephone companies as unpersuasive opening the doors for re-tasking of subsidies.

Continue reading 'FCC wins approval for rural broadband subsidies from appeals court' (full post)

Apple isn't happy with its verdict witih Samsung, wants a retrial

Apple just doesn't know when to take it easy, and even with its trial against Samsung over, it is requesting a retrial. Apple wants more damages awarded, up and above the $119 million it was already awarded, and much more.

 

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The iPhone giant wants to see the ban of sales on some of Samsung's most popular devices in the US, which would include current and future devices - such as the popular Galaxy S5 and Note 3 smartphones. Apple has said that Samsung is using its technology for things like slide-to-unlock and word protection.

Apple is reportedly not happy with Dr. Dre bragging about Beats deal

It looks like Tyrese Gibson and Dr. Dre have smoked themselves into a corner with their bragging about Dr. Dre, Beats founder and hip-hop legend, where they said he would be "the first billionaire in hip-hop". Well, Apple wasn't happy with that, guys.

 

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Gibson said in a video that Dre was "drunk off of Heinekens," something that was posted to Gibson's Facebook page minutes after Apple announced it was acquiring Beats for $3.2 billion. You can understand why Apple isn't happy with this, as it seems Beats apparently leaked the news of the $3.2 billion deal before it had a signature on the dotted line, according to Billboard.

Sony has recouped its hardware costs on the PS4, on track to beat PS2

Sony made an absolute killing with the PlayStation 2, with its next-gen PS4 console looking like it might actually get close to those massive sales. Sony has already recouped the hardware costs of the PS4, but now it has the task of hitting the huge sales of the PS2.

 

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Sony President Kaz Hirai has said that the PlayStation 4 was "already contributing profit on a hardware unit basis, establishing a very different business framework from that of previous platform businesses". Considering the PS3 took three years to begin making money for Sony, the PS4 is doing some big business for the Japanese giant.

 

In Sony's recent full-year earnings, the gaming side of its business had increased 53% thanks to the PS4. It was also helped by Sony's gaming services, with "approximately half" of the 7 million PS4 owners subscribing to PlayStation Plus. It looks like the future is bright for both Sony and the PS4.

bitcoin slot machine from BetCoin could shake up gambling industry

Online gambling website BetCoin has unveiled the BetCoin Reels online slot machine, a "provably fair" 5-line slot machine. Much to the dismay of governments already concerned of bitcoin-related money laundering, it looks like gambling will continue to push the cryptocurrency forward.

 

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"The company is not resting on its laurels, however, and new games and new features are already in development," noted BetCoin officials.

 

BetCoin has four online bitcoin-themed "gaming" products that include instant payouts and 3D graphics, as online gambling websites scramble to accept bitcoin currency payments. There are a growing number of online websites that accept bitcoins, featuring poker, blackjack, roulette, and other popular casino games.

Attorneys, bitcoin supporters working on cryptocurrency law book

A Canadian lawmaker is spearheading an international group of attorneys, professors, bitcoin businesses and supporters to publish the first bitcoin law book. It's possible Canada could become the first country to create federal bitcoin laws, though volatility, secure monetary exchanges, and criminal behavior must be addressed moving forward.

 

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"I am thrilled to have the opportunity to write about the evolving law surrounding Bitcoin and other digital currencies said Chrstine Duhaime, Duhaime Law partner, in a press release. "As the US Federal Reserve noted only weeks ago, Bitcoin's disruptive technology may force banks and other financial institutions to adapt and change the way they provide services to consumers and it will open new markets for business all over the world. It's important that the law keeps pace with emerging technologies like Bitcoin and we are excited to be a part of the international dialogue on Bitcoin law."

 

Consumers and businesses are becoming more familiar with bitcoins, but governments are still unsure how to handle the popular cryptocurrency. There are a growing number of money laundering-related cases involving bitcoins, which police authorities are trying to clamp down. Meanwhile, the U.S. Department of Justice is working to learn more about bitcoins and any black markets available for drug dealers and money launderers.

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