Why Walmart poses a major threat to the mobile payments hierarchy
By Jason Ankeny
It's been roughly nine months since more than a dozen leading U.S. retailers including Walmart, Target, Best Buy, Sears and 7-Eleven first banded together to create Merchant Customer Exchange, a nationwide mobile commerce network designed to support smartphone-enabled purchases, consumer offers and mobile marketing promotions. The MCX initiative remains a work in progress, but here's what we know.
Could Yahoo's Tumblr acquisition be the next Instagram?
By Sandhya Raman
This week, Yahoo confirmed it would be acquiring visual micro-blogging platform Tumblr in a deal worth $1.1 billion, one of its largest acquisitions to date. The deal is already drawing comparisons to Facebook's $715 million acquisition of Instagram, and it is easy to see why.
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Google is in talks to acquire crowdsourced location services firm Waze for more than $1 billion, setting the stage for a possible bidding war with Facebook, Bloomberg reports.
Pandora Media reported first-quarter fiscal 2014 revenues of $125.5 million, a 55 percent year-over-year increase fueled by the continued growth of the streaming music service's mobile advertising efforts. Losses nevertheless widened to $28.6 million from $20.2 million during the year-ago period as content costs jumped 48 percent to $82.9 million.
Verizon Wireless is extending its Verizon Cloud secure storage application from Google's Android to Apple's iOS, concurrently announcing support for additional Android devices including the Samsung Galaxy S4 and HTC Droid DNA.
Mailbox, the buzzed-about messaging app acquired by Dropbox in March, is expanding native functionality from Apple's iPhone to its iPad tablet with the release of its latest update.
Amazon's Appstore for Android is now open for business in close to 200 additional nations across the globe, an expansion timed to coincide with the worldwide rollout of the digital commerce giant's Android-powered Kindle Fire HD tablet.
Facebook said it is retooling its much-maligned Home launcher for Google's Android, promising significant improvements directly inspired by consumer feedback.
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Verizon kicked off a Memorial Day weekend viewing marathon for its FiOS On Demand platform today, hoping the free preview of content from HBO, Starz, Epix and other networks will drive sales of paid VOD movies.
ConteXtream announced that a Tier 1 U.S. wireless operator has deployed the vendor's software-defined networking (SDN) technology to virtualize almost half of its network. The Palo Alto, Calif., startup is not specifying which carrier adopted its product but said the company is using SDN to serve nearly 40 million customers.