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Business, Financial & Legal Posts - Page 8

Report claims eBay is planning to spinoff of PayPal in near future

Auction site eBay might spinoff the PayPal online payments company as early as 2015, with a search for a new PayPal CEO currently underway. It's unknown if eBay is interested in spinning off the entire PayPal business unit, or just part of the company - and likely won't be known until something is officially announced.

 

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Investor Carl Icahn has long wanted eBay and PayPal to separate, but eBay CEO John Donahoe said PayPal was integral to eBay's overall business success. However, Icahn simmered down his demands in April, saying now isn't quite the time for an eBay-PayPal spinoff, but other investors hope PayPal as an independent business unit could attract new interest.

 

"The eBay board and management team remain focused on maximizing shareholder value," said Amanda Miller, eBay spokeswoman, in a statement to the media. "As we discussed during proxy season and in our second-quarter financial results call, the board will continue to assess all alternatives to create that long term value and to enhance the growth and competitive positions of both eBay and PayPal. This position has not changed."

Steve Ballmer teaching at USC, Stanford, enjoying his retirement

Former Microsoft CEO Steve Ballmer is enjoying his retirement from the technology world, recently stepping down from the Microsoft board. Ballmer looks forward to teaching, learning, and owning the Los Angeles Clippers NBA team during his retirement, as the Stanford dropout heads back into the classroom.

 

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Ballmer is a Harvard University graduate, and then attended Stanford Graduate School of Business for one year. The billionaire wants to stay busy during his retirement, which is why he wants to teach at two of the leading schools in the country - he'll teach at the USC Marshall School of Business next spring, but it's uncertain which course he'll lead.

 

"This combination of an experienced practitioner with a tenured faculty member is a hallmark of the teaching experience at Stanford Graduate School of Business," said Helen Chang, Stanford spokeswoman, in a statement to the media.

Continue reading 'Steve Ballmer teaching at USC, Stanford, enjoying his retirement' (full post)

Over one million takedown requests per day being sent to Google

You know what Google receives everyday? Over one million takedown requests for pirate links, that's what. The Mountain View-based search giant receives a huge one million DMCA takedown notices per day, with the last seven days seeing a request for the removal of over 8 million results from its search engine.

 

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In the years past, the amount of takedown requests was in the hundreds, but now it is far beyond that. The growth of the Internet itself, as well as piracy has really turbo boosted the amount of DCMA takedowns.

Bitcoin value drops 12% down to $435.60, lowest rate since May

The bitcoin cryptocurrency has surged among consumers and businesses, but volatility has concerned many investors - and with values dropping almost 12 percent, from $492.95 down to $435.60 on Monday, there might be rightful concern.

 

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What happened on Monday was considered highly unusual, as values started at almost $500 on Monday morning. However, the BTC-e platform bitcoin value slump trended downward, there were three trades that occurred at $309, but there were more than a thousand transactions valued from $309 to $400.

 

"We have seen crashes like this before and they follow a certain pattern, namely a sharp drop followed by a swift rebound to about a bit less than the previous level," said Raffael Danielli, Matlab Trading margin trading critic, in a statement to CoinDesk.

Continue reading 'Bitcoin value drops 12% down to $435.60, lowest rate since May' (full post)

Steve Ballmer officially steps down from Microsoft board

Former Microsoft CEO Steve Ballmer wrote a letter addressed to current CEO Satya Nadella, stating he is stepping down as a Microsoft board member. Ballmer retired almost six months ago and Microsoft picked Nadella to try to steer the company into a mobile, cloud-connected world.

 

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"I bleed Microsoft - have for 34 years and I always will," Ballmer wrote in the letter. "I continue to love discussing the company's future. I love trying new products and sending feedback. I love reading about what is going on at the company. Count on me to keep ideas and inputs flowing. The company will move to higher heights. I will be proud, and I will benefit through my share ownership. I promise to support and encourage boldness by management in my role as a shareholder in any way I can."

 

It's not a surprise to hear Ballmer has stepped down from the board, especially as his focus turns more towards the Los Angeles Clippers basketball team. In addition to owning the NBA franchise, Ballmer has stayed active in the non-profit community, teaching and studying, which is "taking a lot of time."

Continue reading 'Steve Ballmer officially steps down from Microsoft board' (full post)

Lake Tahoe-area home site sells for $1.6 million in bitcoins

A Silicon Valley resident purchased a 1.4-acre home site near Lake Tahoe, a popular Northern California tourist destination, for $1.6 million in bitcoins. It was the first time the Martis Camp real estate company handled a transaction in bitcoins, but enjoyed a pleasurable experience this time around. The deal closed on August 6 and serves as a significant real estate transaction using bitcoins, with many companies still seeking cold, hard cash.

 

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"We didn't know much about (Bitcoin)," said Brian Hull, Martis Camp sales director, in a statement to the media. "We actually closed in the quickest time frame that we've ever closed on a developer lot transaction."

 

Earlier in the year, the Sacramento Kings NBA team became the first professional sports team to begin accepting bitcoins - as more businesses embrace the sometimes volatile cryptocurrency. Meanwhile, Overstock.com estimates $6 million to $8 million in bitcoin sales during 2014, with the popular e-tailer serving as a major business early adopter.

Continue reading 'Lake Tahoe-area home site sells for $1.6 million in bitcoins' (full post)

Roku Smart TVs coming from HiSense and TCL in weeks

Roku has been making set top boxes with its streaming service on them for a long time now and the company is set to move into a different category with a new product. The new product is a line of Smart TVs that are said to be streaming displays first and normal TVs second.

 

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The TVs are called Roku smart TVs and will come from Chinese makers like HiSense and TCL. Models will ship from both companies in a range of screen sizes and are said to start shipping in a few weeks. When the TVs are first turned on, owners will see options for streaming services like Netflix, Amazon, Hulu Plus, and HBO Go.

 

Access to content from a cable box or TV antenna will also be offered and the setup menu will allow users to change what they see first to input from a cable box if desired. The TVs will also include remotes that have one touch access to streaming services. A 32-inch Roku smart TV will sell for $229 with a 40-inch going for $329 from TCL.

Levi's Stadium is the most high tech stadium in the NFL

NFL football is big business with team owners spending millions and millions of dollars on single players and raking in millions and millions of dollars in profits each year. With so much money made and spent in the NFL, it's natural for teams to want seriously high tech stadiums for their teams to play in.

 

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One of the newest and most high tech stadiums in the league is Levi's Stadium where the San Francisco 49ers play. The stadium has a very robust wireless infrastructure that will allow the over 70,000 fans that can fill the stadium to all connect to Wi-Fi and 4G networks.

 

The stadium has 400 miles of cabling inside and 1200 distributed antenna systems for Wi-Fi. The stadium also has an internet backbone that offers 40 gigabits per second of bandwidth, which is 40 times more bandwidth than any other stadium. The stadium also has 1700 beacons to give people directions within the stadium. Other tech features include 2000 Sony TVs and 70 4k TVs in addition to a pair of giant LED displays in each end zone.

Only 8% of PC games sold last year were physical, 92% sold digitally

When was the last time you purchased a game for your PC from an actual retailer? If you're like me, every game you purchase is digital - either through Steam, Origin or even a service like GOG.com. Well, according to DFC Intelligence, 92% of PC game sales for last year were digital, leaving just 8% to physical copies.

 

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Payday 2 publisher Starbreeze saw 80% of its first-month sales of 1.58 million copies being digital. But then titles like DotA 2 and DayZ were completely digital, adding to that huge 92%. Rewinding back to 2010, digital PC sales made up 48% of all PC sales, so we've seen a huge increase of 44% over the last three years.

 

But then powerhouse publisher EA has only seen 20% of its total sales being digital, but EA have titles on virtually every platform available to gamers, with games in both physical, and digital form.

Uber set to test UberMovers moving services in Atlanta and Nashville

If you are familiar with Uber, you will automatically think of a fleet of drivers using their own cars to take people where they need to go. Uber is dispatched by an app that allows users to hail a car to their location. Uber tried out something new in two cities over the weekend.

 

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Uber tied up with Bellhops for a service called UberMovers and provided free and professional moving services for up to half an hour to students in Atlanta between 9am and 2pm Saturday. Nashville residents also had the chance to get the same service on Saturday and Sunday.

 

New Uber users could get service free while existing Uber users were charged by the half hour. Those who took advantage of the service had a pair of Bellhops movers show up and received some free Uber gear as well. There is no word on if this moving service will become a permanent part of Uber's offerings.

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