Buybacks are a move to retain employees in light of weak IPO activity.
Private startups are buying back increasing amounts of stock from employees, reports the Wall Street Journal. The move comes at a time when IPOs of startups have slowed, or have been underwhelming when they did go public.
The video reveals the building is close to completion.
A new video shot by a drone shows that Apple’s Campus 2, dubbed the “spaceship,” is moving into the final phase of its construction, which is expected to be completed by the end of 2016. The video was shot by drone pilot Duncan Sinfield and shows that the exterior ring, from which Campus 2 gets its nickname, is fully constructed in places. The large glass panel windows that will cover the structure have been fitted into place in some portions, and in other places the roof is being lifted onto the building.
Musk says all the attention from canceled order must mean it’s “a slow news day.”
Tesla and SpaceX founder Elon Musk has canceled a venture capitalist’s Tesla Motors Model X order after he wrote a blog post criticizing a Tesla event. In the original post on Medium titled “Dear @ElonMusk: You should be ashamed of yourself,” venture capitalist Stewart Alsop wrote of his frustration over a Model X launch event he attended.
The company that dominates fitness wearables cares more about fashion these days.
More than any other company that makes fitness wearables, Fitbit’s strategy involves a whole lot of devices that, through different designs, feature sets, and price points, try to offer something for everybody. The Fitbit Blaze, for instance, which the company unveiled last month, is the the closest thing to a smartwatch that the company has announced so far, but with a focus on fitness over general-purpose apps that sets it apart from the Apple Watch and its direct competitors.
IBM researchers warn building automation networks could give hackers a way in to corporate networks or an opportunity for physical sabotage.
Increasingly Internet-connected office heating and lighting systems could be a target for hackers seeking a backdoor into corporate networks, warns IBM’s X-Force security research group.
100 low-income households in Kansas City now have the best Internet access money can buy—for free.
Starting today, every family in a Kansas City townhouse community called West Bluff will have access to Google Fiber, the gigabit-speed Internet access that makes other flavors of broadband feel like a sluggish anachronism. And they’re getting it for free.
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