Samsung Unveils Gear S3 Smartwatches with Striking Designs

Samsung Electronics (KRX: 005930) unveiled its two new Gear S3 smartwatches with striking designs on Wednesday as it aims to strengthen its leadership in the wearable industry further. The South Korean electronics giant said it was inspired by traditional timepieces and the art of watchmaking in developing its new smartwatches. The company conducted intensive research and surveyed consumers, industry leaders, and watch experts before developing the Gear S3. Samsung introduced its new Gear S3 smartwatches before the opening of the 2016 IFA, the world’s largest trade show for consumer electronics…

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Twitter Co-founder Says Board Must Consider Right Options; Shares Jump

Twitter

The stock price of Twitter Inc (NASDAQ: TWTR) surged almost 6% today after co-founder Evan Williams said the company must consider the right options amid takeover speculations. During an interview with Emily Chang on Bloomberg TV, Evans declined to comment when asked if he sees Twitter remaining as an independent company. However, he said, “We are in a strong position right now. I think as a board member; we have to consider the right options.” The next acquisition target Market observers have been suggesting that Twitter is the next acquisition…

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Apple to Pay Up to €13 Billion in Taxes to Ireland says European Commission

Apple

Apple Inc. (NASDAQ: AAPL) received illegal tax benefits from Ireland and the tech giant must pay as much as €13 billion of unpaid taxes in the country plus interest, according to the European Commission. The Commission said Ireland violated the state aid rules of the European Union (EU) as it “allowed Apple to pay substantially less tax than other businesses.” It added, “Ireland must now recover the illegal aid.” In a statement, Commissioner Margrethe Vestager, in charge of competition policy, said: “Member States cannot give tax benefits to selected companies…

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Facebook Will Not Become a Media Company Says CEO Mark Zuckerberg

Facebook (NASDAQ: FB) will not become a media company and will remain a technology platform, according to its co-founder and CEO Mark Zuckerberg during a Q&A with students at Luiss University in Rome, Italy on Monday. Zuckerberg said, “We are a technology company. We are not a media company.” According to him, Facebook builds and provides tools to users for them to curate their experiences and connect with people, businesses, and institutions in the world. He added that the social network giant does not produce and edit contents, unlike media…

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Microsoft Buys AI Startup Genee; Boosts Partnership with Lenovo

Microsoft acquires Genee

Microsoft Corporation (NASDAQ: MSFT) agreed to acquire Genee, a startup offering scheduling services powered by artificial intelligence (AI). Genee uses natural language processing and optimized decision-making algorithms to allow users interact with a virtual assistant just like a human being. Ben Cheung and Charles Lee co-founded Genee in 2014 to simplify the task of scheduling and rescheduling meetings. They will join Microsoft after the completion of the acquisition. Microsoft to shut down Genee on September 1 In a blog post, Mr. Lee said the startup would close its operations in…

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Amazon.com (AMZN) Aims to Offer a $5 Music Streaming Service

Amazon

Amazon.com (NASDAQ: AMZN) intends to launch two music streaming services that would compete directly with Apple (NASDAQ:AAPL), Pando Media (NYSE: P), Spotify, and other companies. According to Re/code, the e-commerce giant is considering a streaming service exclusively for its Amazon Echo smart speaker with a subscription fee of around $4.00 to $5.00 a month. The service will offer unlimited and ad-free music, but it will not work on smartphones. Amazon is also planning to launch a music streaming service similar to its competitors—unlimited, ad-free music that you stream on any…

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Facebook (FB) Stock Expected to Gain 20 Percent [Barron’s]

Facebook

Facebook (NASDAQ: FB) has the potential to gain more than 20% in stock value over the next 12 months driven by its growing advertising revenue, according to a report published by Barron’s on Sunday. The stock price of the social network giant is trading around $123.98 per share around 2:38 in the afternoon on Monday, August 22. Facebook’s stock gained more than 44% over the past year or more than 18% year-to-date. According to Barron’s, the $153 per share average target price of Wall Street analysts for FB stock is…

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AT&T, Apple, Alphabet, Other Tech Firms Join FCC to Stop Robocalls

Apple Inc. (NASDAQ: AAPL), Alphabet Inc (NASDAQ: GOOG), the parent holding company of Google, AT&T (NYSE: T) and many other technology companies joined the effort of the Federal Communication Commission’s (FCC) to crack down robocalls, the automated and prerecorded telephone calls that irritate consumers. The technology companies are part of the Commission’s Robocall Strike Force, an industry-led group committed to developing comprehensive solutions to detect, filter, and prevent unwanted telemarketing and robocalls. AT&T CEO Randall Stephenson serves as Chairman of the Robocall Strike Force. Verizon Communications (NYSE: VZ) and Comcast…

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Facebook to Bypass Ad-Blocking Software on Desktop Computers

Facebook Ad Preferences

Facebook (NASDAQ: FB) will bypass ad-blocking software to show ads desktop computers. It will also give users option to control their advertising experience on its platform. The changes are part of its strategy to address bad ads that prompted many users to install ad-blockers on their devices. Currently, 26% of internet users in the United States have ad-blocking software on their desktop computers based on data from the Interactive Advertising Bureau. Facebook noted that bad ads obscure the content users are trying to read or watch and slow the download…

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