Two of the most prominent companies in the North American online food delivery market, Grubhub and Seamless, have merged, creating a company that will represent more than 20,000 restaurants in 500 cities across the United States. The deal is still subject to regulatory approval. Online food ordering has become a huge market, but it has huge benefits for being a big player, and few to be neck in neck with a competitor. Like other...
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Ever wanted an easy way to backup photos on your iPhone, iPad and iPod touch to the cloud? Well, that’s exactly what is possible with Amazon’s new Cloud Drive Photos app which was recently released on the Apple App Store. This free app allows you to upload all your iPhone or iPod touch photos to the cloud. All you need is a free Amazon account and you’re good to go. Once the photos are...
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DIRECTV (NASDAQ:DTV) is reportedly interested in purchasing the online video streaming site Hulu, according to a source cited by Reuters. The Wall Street Journal reported the story first on Friday. The media companies report that other companies are also interested in purchasing the company. DIRECTV (NASDAQ:DTV) is said to be “one of many” companies that are interested in buying Hulu. Other Companies Interested In Hulu Other parties that have been said to be interested...
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Unlike most other funds reporting their 13F filings today, Jim Chanos’ Kynikos Associates actually bought shares of Apple Inc. (NASDAQ:AAPL) during the first quarter of the year. In all, the firm only bought three new stocks during the first quarter. It increased its stake in seven others, sold out of four stocks and cut its holdings in 10 others. The firm’s top five stocks at the end of March were iShares FTSE / Xinhua...
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Discovery Capital Management’s latest 13F filing with the Securities and Exchange Commission indicates that its portfolio was worth $7.5 billion at the end of the first quarter. The firm bought into 22 new stocks and increased its stake in 28 companies. It also sold off 31 stocks and reduced its position in 20 others. The firm’s top 10 holdings made up just under 40 percent of its value. As of the end of March,...
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Blue Ridge Capital’s latest 13F filing with the Securities and Exchange Commission indicates that the firm’s portfolio was worth approximately 7.96 billion at the end of March. The firm bought seven new stocks and increased its positions in 10 companies. It also sold completely out of seven stocks and reduced its holdings in seven other stocks. Blue Ridge Capital’s Sell-Offs One of the biggest sell-offs during the first quarter of the year was Apple...
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Netflix, Inc. (NASDAQ:NFLX) shares are now up 148 percent year-to-date, on the back of its original content attracting new subscribers and with more shows in the works. Netflix, Inc. (NFLX) Best-Performing Stock The leading Internet television network, Netflix, Inc. (NASDAQ:NFLX), has thus become this year’s best-performing stock in the S&P 500 (INDEXSP:.INX). However, just in the summer of 2011, Netflix became a pariah of Wall Street, after the company announced price hike and its...
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Amazon.com, Inc. (NASDAQ:AMZN) unveiled its virtual currency, Amazon Coins, today with Kindle Fire users receiving $5 (500 Amazon Coins) in order to get things started. Amazon is following the likes of Facebook Inc (NASDAQ:FB), and Zynga Inc (NASDAQ:ZNGA) with the hopes of bringing in more in-app purchases to the online giant. Amazon says that this represents a give away of “tens of millions” of dollars, though Amazon will obviously recover a good deal of...
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Apple Inc. (NASDAQ:AAPL) has enjoyed, in the words of Walt Mossberg, “a lopsided” relationship with a number of its competitors. Google, Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT) and even Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) have developed apps for Apple’s iOS while Apple has never tried to share its better apps with competitors devices. Both Google Inc (NASDAQ:GOOG) and Amazon.com, Inc. (NASDAQ:AMZN) each have developed over a dozen apps that are available to iOS...
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Tech rumors are considerably more fun to report than it is to put your name on a report that later turns out to be egregiously false. That said, thanks to the reporting of The Wall Street Journal today, I’m comfortable saying that Amazon.com, Inc. (NASDAQ:AMZN) is presently developing two smart phones. One of these two phones will be providing users with a 3-D screen that doesn’t require glasses to be viewed. Additionally, it will allow...
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Amazon is in the process of building a slew of new hardware to follow the Kindle, according to rumors. The latest addition to rumors is that Amazon is said to be working on a high-end smartphone with a holographic 3D display. This smartphone won’t require users to wear 3D glasses, and it works just out of the box. Citing “people familiar with the company’s plans,” WSJ says that the phone would use retina-tracking technology...
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