Weekly Digest: Taxi market heats up, Russian PM has Twitter hacked, Sprint to slash prices

Taxi Market Heating Up Disruption is one of the most overused words in technology, but there is perhaps no better term to describe what Uber and its scrappy rival Lyft are doing…

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Altitude Digital raises $7m as ad tech market continues to attract investment

Altitude Digital, a video and display advertising technology startup, recently announced a $7 million credit facility from Silicon Valley Bank. The funding is the latest milestone in the company’s rapid growth, and…

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IPO+M&A Watch: Sprint, Facebook, iDreamSky

IPO Shares of iDreamSky, a five year old gaming company known for tweaking existing games for the Chinese market, began trading on Nasdaq Thursday at $15 after the company raised $115.5 million.…

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Microsoft’s profit hit hard following Nokia acquisition

Microsoft has reported an 18% increase in revenue for the fourth quarter of its financial year, but the cost of integrating Nokia’s handset business hurt profits. The software heavyweight earned $23.4 billion…

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Hackathon to target North Korea’s ‘Hermit Kingdom’

A two-day hackathon next month is aiming to bring more information to North Koreans. Hack North Korea, held in San Francisco between August 2 and 3, is hosted by New York-based NGO…

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Google reports 22% revenue increase as Arora bids farewell

Google, Inc has reported modestly rising quarterly earnings for the second quarter of 2014. The tech giant earned $3.4 billion, or $4.99 per share, in the April-to-June period. The figures represent a…

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Microsoft to lay off 18,000 in biggest jobs cut

U.S. tech giant Microsoft is set to lay off 18,000 employees, according to an internal memo from its new CEO. Satya Nadella, who took over the reigns from longterm chief Steve Ballmer…

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5 Takeaways from the Google I/O Developer Conference

Google’s I/O Developer Conference, held this week in San Francisco, featured a number of new product launches, including Android TV, Android Wear, Android Auto and a new smartphone and tablet operating system.…

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Google’s Top 5 moonshot projects

Google[x], the search giant’s secret research and development lab for ideas that ostensibly have nothing to do with search, has been a source of intrigue since its creation in 2010. The outfit…

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Cloud storage market braces for impact as Apple revamps iCloud offering

Apple’s Worldwide Developers Conference (WWDC) began this week, and while consumers hoping for hardware like the iWatch or an Apple-designed TV were left disappointed, there were enough software announcements to make certain…

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