The business side of tech. The industry’s latest developments, legal face-offs, acquisitions, and technology trends.

PlayStation 4 posts strong numbers for Sony

Sony just released its earnings report for the 2016 fiscal year ending March 31, 2017. While the company’s mobile, camera, movie, television, and music divisions all posted losses, Sony’s video game arm did well. The company sold 20 million PlayStation…

Twitter added nine million new users in the first quarter

Twitter on Wednesday reported better-than-expected performance for the first quarter which sent shares soaring more than 10 percent. Twitter’s revenue in the first quarter reached $548 million, or $0.11 per share – well ahead of the $511.9 million and $0.01…

Uber to demonstrate Elevate air taxi service in 2020

Word slipped out in February that Uber had hired 30-year NASA veteran Mark Moore to lead its “Elevate” flying car initiative. On Tuesday, the embattled transportation shared plenty more about the project during the keynote of the three-day “Elevate” Summit. …
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