Category: Tech news

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This is the new, cheaper Nest Thermostat

 The rumor mill has been buzzing for a while now about a new, more affordable Nest Thermostat — and sure enough: it’s now official. They’re calling it the Nest Thermostat E. As rumored, they’ve shaved off a good chunk of the price tag; whereas the original Nest Learning Thermostat will continue to sell for $250, the Thermostat E will go for $169. So what’s… Read More

Early Uber investor Bill Maris suggests he’d buy shares again, but all the sellers “have disappeared”

 While Bill Maris was the CEO of Google’s venture unit, GV, the outfit made a bet in 2013 that drew snickers: it poured $258 million into the ride-share company Uber at a roughly $3.7 billion post-money valuation.
The investment was by far GV’s biggest investment at the time. Yet while seemingly rich, the investment, driven by current GV CEO David Krane, looks brilliant in hindsight. Read More

Box shares down 4% despite what Levie calls “one of our strongest quarters”

 Cloud storage company Box reported second quarter earnings after the bell on Wednesday. And although the company beat expectations on revenue and losses, it wasn’t enough to please Wall Street.  The stock fell almost 4% in after-hours trading.
It seems that part of the issue related to the company losing its cash flow positive status for the quarter, coming in at a negative $14.7 million. Read More

Latest Magic Leap patent shows off prototype AR glasses design

 Magic Leap, an AR company best known for raising money, still owes consumers a product, or at least the hint of one. Thanks to a newly-released patent filing, we now have a new look at an old prototype that could be a guiding force for the direction of the $4.5 billion startup’s product design. The design, which credits Magic Leap’s design head Gary Natsume as the inventor,… Read More

Andy Rubin describes the taste of crow after Essential spills customer data

 Launching a product and company from scratch is hard, as fresh-faced entrepreneurs and Kickstarter successes often learn to their chagrin. And it turns out even heavy hitters like Andy Rubin and his mobile startup Essential have unpleasant lessons to learn — in this case, about how even a small detail like a mailing list configuration can put your entire company at risk. Read More

Instagram bug leaked data on ‘high-profile’ users, company warns

 A bug related to an Instagram API allowed at least one unscrupulous individual to access the email address and phone number of an unspecified number of “high-profile” users of the app. No other personal information, like password or what have you, seems to have been exposed. Read More