A smartwatch wont fix whats broken with Fitbit

August 7, 2017

Fitbits Q2 earnings could have been worse. Unlike Q4 of last year, the company didnt use the opportunity to announce that it would be laying off six percent of its staff. Still, things are bad. As we pointed out earlier in the week, the companys stock price is little more than 10 percent of its 2015 high. According to some new numbers, Fitbit can also no longer claim to be…


Why Science is turning to ICOs for its incubator

August 6, 2017

There has been a wave of startups turning to initial coin offerings, known asICOs, to raise funding through digital currency and now at least one fund is doing this, too. Science Inc., the LA-based team co-founded by Peter Pham and Mike Jones, which has incubated startups like Dollar Shave Club, DogVacay and Wishbone, is launching a fund for blockchain startups and plans to raise the money through an ICO of…


Jeff Bezos Briefly Tops Bill Gates as the World’s Richest Person

A surge in Amazon.com Inc. shares Thursday morning in advance of the online retailer’s earnings report briefly propelled founder Jeff Bezos past Bill Gates as the world’s richest person. Shares of the online retailer fell 0.7 percent to $1,046 at 4 p.m. in New York, after climbing as high as $1,083.31 four hours earlier, which gave Bezos a net worth of $92.3 billion. Gates had a net worth of $90.8 billion…

August 2, 2017