T-Mobile boasts industry-leading customer and financial growth

T-Mobile US (NASDAQ: TMUS), the third-largest wireless carrier in the United States reported strong financial and customer growth in the first quarter of 2017. The company boasted that its performance is industry leading. T-Mobile quarterly performance T-Mobile reported that its net income increased 43% to $698 million or $0.80 in earnings per share from $479 million or $0.56 per share in the year-ago quarter. Its total revenues were $9.6 billion, an increase of 11%. The wireless carrier added 1.1 million customers during the quarter. Its total branded postpaid net additions…

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Facebook, Oculus, others to pay ZeniMax $500 million in VR lawsuit

Facebook (NASDAQ: FB), Oculus together with other defendants were ordered by a jury to pay a combined $500 million to ZeniMax Media in a lawsuit involving its virtual reality (VR) technology. Facebook purchased Oculus for $2 billion in a cash and stock deal in 2014. The social network giant made the acquisition because its CEO Mark Zuckerberg believes that virtual technology would be the next great evolution and Oculus has the potential to become the most social platform. The video game publisher accused Oculus, its founder Palmer Luckey, CEO Brendan…

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Amazon to create 100,000 new jobs in the United States

Amazon employee

Amazon.com (NASDAQ: AMZN) announced its plan to create additional 100,000 full-time, full-benefit jobs in the United States over the next 18 months. The e-commerce giant is already considered one of the largest employers in the country with more than 180,000 employees at the end of 2016. Amazon said its U.S. workforce is expected to reach over 280,000 by mid-2018, an increase of more than 50%. The company said the new job opportunities are for people with all types of experience, education, and skill levels from engineers, software developers, and those…

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Tesla hires Apple software engineer Chris Lattner to lead its Autopilot team

tesla

Chris Lattner, the project lead of Swift programming language at Apple Inc (NASDAQ: AAPL) decided to leave the iPhone maker to join Tesla Motors (NASDAQ: TSLA). Lattner announced his departure from the company in a community forum on Tuesday. According to him, he will leave Apple later this month to pursue an opportunity in another space. He wrote that his decision wasn’t easy and “remained completely committed to Swift,” which is used by hundreds of millions of people.  Apple launched Swift in 2014 as its de-facto language for third-party app…

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Alibaba promises to create one million U.S. jobs in a meeting with Trump

Jack Ma, the Executive Chairman of Alibaba Group Holding (NYSE: BABA), promised to Donald Trump that his company would create one million new jobs in the United States over the next five years. The U.S. President-elect met Ma at the Trump Tower in New York on Monday. Their meeting lasted about 40 minutes. Alibaba to support small businesses “We’re focused on small business. We specifically talked about supporting one million small businesses especially in the Midwest America to sell products and services on our platform to China and Asia, especially…

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Donald Trump is the “father of lies” says billionaire David Tepper

David Tepper, the billionaire, founder and president of Appaloosa Management condemned Donald Trump and rejected assertions that the Republican presidential candidate is a generous person. Tepper is voting for Hillary Clinton to become the next president of the United States. The billionaire hedge fund manager supported President Barack Obama in 2008 and Mitt Romney in 2012. In an interview with CNBC’s Squawk Box, Tepper indicated that Trump, who is also a billionaire, is selfish because he did not donate money in the wake of disasters in the State of New…

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Alphabet’s Venture Capital Unit Invests in Snapchat

CapitalG, the venture capital unit of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) invested in Snapchat, the popular virtual messaging company. Alphabet is yet to make an announcement regarding the Snapchat investment. Market observers are certain that CapitalG is now an investor in the virtual messaging company. The Snapchat logo is included in the investment portfolio section of CapitalG’s website. However, no additional details were provided about the investment. CapitalG was previously known as Google Capital. The name change happened this year after Google created Alphabet to become its parent holding company.…

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Alphabet Shares Spike on Q3 Earnings that Beat Estimates

Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG), the parent company of Google, reported Third-quarter financial results that surpassed the consensus estimates of Wall Street analysts. The company’s shares surged during the extended trading hours on Wednesday, around 5:23 p.m. in New York.  The GOOGL stock climbed nearly 0.81% to $824 per share and GOOG stock went up 1.17% to $804.62 per share. In a statement, Alphabet CFO Ruth Porat said, “We had a great third quarter, with 20% revenue growth year on year, and 23% on a constant currency basis. Mobile…

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Tesla Motors (TSLA) Q3 Earnings Top Estimates, Shares Soar

The stock price of Tesla Motors (NASDAQ: TSLA) surged during the extended trading hours after the electric car manufacturer reported third-quarter financial results that beat the estimates of Wall Street analysts. TSLA stock climbed more than 4% to $211.10 per share during the extended trading on Wednesday. Tesla Q3 financial results Tesla reported that its adjusted earnings were $111 million or $0.71 per share for the third quarter, higher than the $0.54 per share expected by analysts. The company’s total GAAP revenue was $2.3 billion, an increase of 152% from…

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