News about Silicon Valley business almost everyday.
SAN FRANCISCO — Twitter, Inc. has agreed to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at $44 billion. Upon completion of the transaction, Twitter will become a privately held company. Musk was already one of the largest shareholders in the social network and is […]
Last October, Instacart launched service with Grocery Outlet – the leading extreme value retailer in the U.S. based in Emeryville – making online shopping and delivery available to Grocery Outlet customers for the first time. The initial pilot ran for six months across nearly 70 Grocery Outlet stores in California, and Instacart is now expanding […]
National sandwich chain Panera Bread has launched the Unlimited Sip Club, the first-ever nationwide unlimited beverage subscription which now includes all 26 of its self-serve beverages. For $10.99 per month (plus tax), Panera is expanding its unlimited coffee subscription to incorporate the entire Panera portfolio of self-serve beverages, including hot and iced coffee, hot and […]
Fees for instant transfer of funds on Venmo and PayPal are both increasing in May and June. Instant Transfer allows customers to transfer their money instantly to a bank account or debit card for a fee. With Standard Bank Transfers, customers who can wait a few days can transfer their money for no fee, which […]
SACRAMENTO — Patricia Castaneda, 38, of Redwood City and a former employee of Stanford University, was sentenced to 33 months in prison and her brother, Eric Castaneda, 37, also of Redwood City, was sentenced to 18 months in prison by U.S. District Judge Kimberly J. Mueller for their roles in a scheme that involved the […]
Netflix, the leading streaming video service, saw its shares plunge 35% Wednesday after it announced its first quarterly decline in subscribers due to the war in Ukraine. For the first quarter of 2022, Netflix reported 221.64 million subscribers, down 200,000 from the last quarter. Netflix stopped service to Russia after the war with Ukraine started […]
SANTA CLARA — U.S. rental prices grew by nearly 20% from March 2020 to 2022 during the pandemic, according to the Realtor.com Monthly Rental Report. Additionally, two-year rental trends indicate some redistribution of higher rents across the 50 largest markets during COVID, as renters migrated from expensive big tech cities to relatively more affordable areas. Sun Belt metros topped […]
Fitbit says it has received clearance from the U.S. Food and Drug Administration for a new PPG (photoplethysmography) algorithm to identify atrial fibrillation (AFib). The algorithm will power new Irregular Heart Rhythm Notifications feature on Fitbit. Fitbit is a subsidiary of Google. AFib is a form of irregular heart rhythm that affects nearly 33.5 million people […]
Here is a list of all of the five letter words that are potentially used in Wordle, the popular word-guessing game owned by The New York Times. There are 2,309 words below that can be used in the game. aback abase abate abbey abbot abhor abide abled abode abort about above abuse abyss acorn acrid […]
Palo Alto Police are investigating a case from last Thursday morning where two suspects, one of whom was armed with a gun, stole cash and a laptop from a victim’s residence. The victim was not physically injured. The suspects are unknown and at large. On Thursday, April 7, 2022 at around 1:30 a.m., the Palo […]
Google has released the 100th update for its popular Chrome browser and says it has gotten 43% faster over the past year and a half. The company has made improvements using AI with Chrome. Recently added is Live Captions to video/audio content for users who are Deaf or hard of hearing, and DevTools accessibility tree helps […]
NEW YORK — Square has introduced the next generation of Square Stand, the company’s countertop device that turns an iPad into a powerful, robust point of sale system that sellers can use to run their entire business. Launching in all of Square’s eight global markets, Square Stand features integrated contactless and dip payments technology, a […]