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FCC Plans to Fine AT&T $100 Million Over Speed Caps

The Federal Communications Commission on Wednesday said it plans to fine ATT Inc. $100 million for allegedly deceiving millions of smartphone customers about unlimited wireless data plans. The FCC alleges ATT sold consumers data plans advertised as unlimited, then capped data speeds for those subscribers after they used five gigabytes of data within a billing […]

Uber Driver Was an Employee, California Commission Says

California’s labor commissioner has ruled that a driver for Uber Technologies Inc. should be classified as an employee of the company, a decision that marks the latest setback for the ride-hailing company’s labor model. The ruling doesn’t set a precedent for how Uber compensates its 200,000 drivers, but it is one of a growing number […]

The Secret Math of Airbnb’s $24 Billion Valuation

Home-rental site Airbnb Inc. has given potential investors in a $1 billion funding effort an ambitious revenue forecast to justify a richer valuation than hotel giant Marriott International Inc. Airbnb representatives in recent months told prospective investors the startup expects $850 million in revenue this year, according to people who viewed the projections. That would […]

Alibaba, Foxconn in Talks to Invest $500 Million in India’s Snapdeal

Chinese electronic-commerce company Alibaba Group Holding Ltd. and iPhone assembler Foxconn Technology Group are in talks to jointly invest about $500 million in Snapdeal.com, people familiar with the matter said, a potential deal that could value the five-year-old Indian e-commerce startup at roughly $5 billion. Snapdeal, owned by Jasper Infotech Pvt., connects merchants and buyers […]

Fitbit IPO Is Tracking a $3.7 Billion Valuation

Fitbit Inc. and the market for technology IPOs are about to get a timely checkup. The pioneer in wearable fitness-tracking devices and its shareholders are set to raise more than $600 million as soon as Wednesday evening, in an offering that is shaping up as the fifth-largest U.S. IPO this year, deal tracker Dealogic said. […]

Amazon Experiments With Citizen Deliveries

In its ceaseless quest to speed delivery, Amazon.com Inc. wants to turn the U.S. into a nation of couriers. The Seattle retailer is developing a mobile application that would, in some cases, pay ordinary people, rather than carriers such as United Parcel Service Inc., to drop off packages en route to other destinations, according to […]

These Apps Might Finally Get You to Save Money

These Apps Might Finally Get You to Save Money

Updated June 16, 2015 3:03 p.m. ET Nothing in the history of money has been more diabolically efficient at getting us to spend than a smartphone. It’s an instant-gratification machine for music, games, takeout and catching a ride, anywhere, all the time. Now, however, your phone can prevent you from burning a hole in your […]

Hulu Steps Up Its Fight Against Netflix

When 21st Century Fox started shopping the online video rights to its TV drama “Empire” earlier this year it ran into trouble with Netflix Inc. Netflix believed Fox had devalued the show by already making the entire first season available through cable video-on-demand services, instead of just a handful of episodes. Netflix wanted a discount […]

Verizon CFO Says Company Won’t Sell Huffington Post

Verizon Communications Inc. has no desire to sell the Huffington Post or buy Dish Network Corp., Chief Financial Officer Fran Shammo said at a Wall Street Journal conference Monday. Verizon agreed last month to pay $4.4 billion for AOL Inc., which owns several media properties including the Huffington Post and TechCrunch. The carrier has said […]

Belgium Takes Facebook to Court

U.S. tech executives are worried that Facebook Inc.’s European privacy spat is a sign of more battles to come. Belgium’s data-protection watchdog said Monday that it is suing the California-based social media firm over its privacy practices, a sharp escalation in a set of probes across five European Union member states. At the same time, […]

Visa Glitch Strains U.S. Farms

A computer failure has prevented the U.S. from issuing thousands of temporary and immigrant visas since June 9, leaving agricultural workers stranded at the border just as the summer harvest gets under way. “It’s a crisis,” said Jason Resnick, general counsel for the Western Growers Association, which represents farmers in California, Arizona and Colorado. He […]

Etsy Tests Crowdfunding Venture

Etsy Tests Crowdfunding Venture

ENLARGE Etsy Inc. ETSY -1.92 % is crafting a new revenue stream: crowdfunding. The Brooklyn-based artisan-and-vintage marketplace is planning to launch as soon as Tuesday a pilot program in which sellers can raise money on the company’s website to fund the manufacture of new products. “We’re super passionate about our seller community,” said Joe Lallouz, […]

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