by Brendan Nystedt on 11 February 2012
Menlo Park-based Whitman Capital allegedly used illegal information to make over $900,000 on stocks from Marvell Technology, Polycom and Google. Doug Whitman, the founder of his eponymous hedge fund firm, has been accused of getting insider info from two sources, paying cash one time and exchanging a valuable tip on the second occasion. Whitman pled…
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by Brendan Nystedt on 10 February 2012
Stripe, an online payment system, has been aiming to stick it to PayPal for a while now. The company even attracted the interest and investment of Elon Musk and Peter Thiel, both co-founders of PayPal. The company operates on a simple premise– easy transactions for businesses. Fees are 2.9% plus 30 cents on top of…
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by Brendan Nystedt on 10 February 2012
In preparation for its production in 2013, Tesla’s crossover vehicle has finally been unveiled to the public. At first glance, the vehicle is a pretty straightforward baby SUV– a tall, brawny, jellybean-shaped hatchback. But, open up the doors and this puppy shows how weird it truly is. The second-row of doors open upward, similar to…
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by Brendan Nystedt on 9 February 2012
With the future uncertain for Yahoo, Alibaba Holdings is working furiously to take control of the search company’s shares. They’ve suspended public trading of their stock in Hong Kong in order to facilitate the deal. Yahoo owns 40% of Alibaba. If the deal goes through as it is speculated, Yahoo would let go of its…
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by Brendan Nystedt on 9 February 2012
Steve Jobs was always into the counter-culture and didn’t enjoy going along with what “the man” told him to do. But, if circumstances were different, would he have been made a part of President George H.W. Bush’s export council? Gawker was able to get a hold of an FBI background check on the late Apple…
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by Brendan Nystedt on 8 February 2012
Google, in a letter to a standards organization, has stressed that they will be wielding the huge cache of Motorola Mobility’s patents in a “fair and reasonable” way and not as a superweapon. Bloomberg has scooped the content of said letter before it’s even been sent to the standards org. Because Motorola has been in…
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by Brendan Nystedt on 8 February 2012
Palo Alto-based social network Pinterest has been getting a ton of buzz over the last 4 months. Unfortunately, with all the attention comes extra scrutiny. They’ve been caught changing links in order to get money from online sales. This is usually called affiliate income, where a site gets a kickback every time something is sold…
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by Brendan Nystedt on 7 February 2012
In an extremely confusing move, Google has released a new browser for its Android mobile operating system. No, it’s not an updated version of the existing browser software but rather a mobile version of its Chrome web browser. Chrome supposedly boasts a more robust rendering engine for faster, better looking websites on a mobile device.…
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by Brendan Nystedt on 6 February 2012
Netflix may be ailing at the moment, but they’re carrying through with plans to build a library of media users can’t get anywhere else. Netflix is in a unique position to begin really competing with the likes of HBO and Showtime as a premium “channel”. The Los Gatos-based company has kicked off its line of…
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by Brendan Nystedt on 3 February 2012
A dispatch from the Patent War on the European front: Motorola Mobility was able to successfully stop sales of Apple’s iPhone 3GS, iPad 2 3G and iPhone 4 in Germany. Apple pulled the products from their online store yesterday, only to succeed in blocking the injunction today. Motorola has made a claim over a patent…
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