Category: Top Tech Stock News

  1. Comcast to Restructure NBCUniversal Hierarchy Ahead of Peacock Launch Comcast is reshuffling its senior hierarchy ahead of Peacock’s launch date. The company recently announced that it is consolidating Universal Television and Universal Content Productions under a single business unit to be led by NBCUniversal cable’s chairman, Bonnie Hammer. Hammer will assume the title of Chairman for NBCUniversal Content Studios and will report to NBCU CEO Steve Burk. The reorganization is being carried out in preparation for Peacock’s launch, Comcast new streaming service, which is to be headed by Comcast Cable’s Matt Strauss. According to Burke, Hammer was chosen…

1. Uber and Lyft Face Increasing Investor Skepticism After weeks of controversy and poor earnings, it’s no surprise that Uber and Lyft are now facing scepticism from investors. Uber shares recently closed at $29.15, whereas Lyft shares recently closed at $39.57, slightly below from their previous lows of $30.29 and $40.84 respectively. The new all-time lows represent the pessimistic sentiments of many investors, despite assurances from both firms that they will be able to bounce back from their various problems. However, both Uber and Lyft are not the only ones affected by the growing scepticism. Investors are also questioning the…

  1. Tesla to Develop A Battery That Can Last for A Million of Miles Earlier this year, Elon Musk announced that Tesla was developing a power source that would allow electric cars to travel for up to a million miles. The claim seemed boastful at the time but now it seems that the Tesla founder was quite serious about his statements. Battery researchers from the Dalhousie University published a paper that described ‘A Wide Range of Testing Results on an Excellent Lithium-Ion Cell Chemistry to be used as Benchmarks for New Battery Technologies’ Among the key features of the…

Uber Announces New Layoffs Amidst Financial Difficulties Uber recently announced another round of layoffs this Tuesday. The multinational transportation network company plans to let go of 435 people from its product and engineering team, or 8% of the total workforce. The layoff was the result of Uber’s poor second quarter performance, which included around $5.2 billion in net losses. “While certainly painful in the moment, especially for those directly affected, we believe that this will result in a much stronger technical organization,” an Uber spokesperson said. The planned layoffs will not only affect Uber personnel in the United States, however.…

1. Netflix to Change Its Service Model Netflix is changing its service model. Starting this October, the company will no longer release all of the episodes of certain TV shows in one go. Instead, they plan to release groups of episodes each week. Netflix executives hope that this new strategy will not only provide more value to their customers, it will also allow them to compete more effectively with Hulu, Disney+ and Apple TV. The idea behind the new model is that viewers benefit from watching shows that don’t spoil their own endings. By releasing chunks of episodes per week,…

Below is a review of tech stock news for the week ending August 30th: 1. The Trade Desk (TTD) President and CEO Sells $74.4 Million Worth of Shares The Trade Desk (TTD) President and CEO Jeffrey Terry Green recently sold 288,000 TTD shares at $258.27 per share for a total of $74.4 million. The sale was done on August 23. For context, The Trade Desk has a total market cap of around $11.28 billion, with each share traded at around $250.86. TTD specializes in providing self-service, online advertising solutions for businesses that want to manage their own advertising campaigns using…