News 

Netflix forever changed traditional television. Now, it’s becoming traditional television.

“Netflix forever changed the way we watch television, but a series of recent announcements suggest the company might slowly be normalizing” writes Andrews Is A for washingtonpost.com. One of the service’s primary appeals is that users can watch television shows uninterrupted by meddlesome commercials. Source: washingtonpost.com Share This:

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Even after massively diluting its stock, MoviePass’ parent company could issue billions of more shares, and there’s little investors can do about it

“But that reverse split didn’t affect the number of shares Helios and Matheson could issue under the plan approved by shareholders” writes Troy Wolverton for businessinsider.com. If it did that, it would more than triple its current share count of 637 million shares.Then in July, the company filed another S-3, which gave it authorization to issue shares totaling as much as $1.2 billion — in addition to the ones it already had authorization to issue.The company immediately took advantage of that authorization and gave investors one new share of its…

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Factory reset: Tech startups raise big bucks to help companies cut waste

“So what is Apeel doing to reduce food waste, exactly?” writes Paul Sawers for venturebeat.com. Earlier this week Swedish startup Karma raised $12 million for a marketplace that helps restaurants and supermarkets cut food waste by selling their surplus goods at a discount.The San Francisco-based startup offers a B2B marketplace that helps farmers sell surplus and imperfect goods to food and beverage companies. Source: venturebeat.com Share This:

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Markets News 

SEC filing: Tencent-backed Qutoutiao, a China-based content aggregator, files for a $300M IPO on Nasdaq and says it had 32.1M MAUs in the last quarter

“The amount of money a company says it plans to raise in its first IPO filing is usually a placeholder” writes Min Read for reuters.com. The filing did not reveal how many shares the company planned to sell or their expected price. Source: reuters.com Share This:

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Crypto News 

Bitcoin Mining Company Kryptovault Receives…

“A Bitcoin mining company in Norway has received bomb threats after conflicts with local residents” writes Jeffrey Francis for livebitcoinnews.com. Kryptovault, a cryptocurrency mining company in Norway, has been the recipient of a bomb threat.While some towns and cities are quite welcoming of Bitcoin mining operations setting up shop, it appears that others are not. Source: livebitcoinnews.com Share This:

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Chinese tariffs may delay Elon Musk’s boring projects

“Privately held Boring added that it is “working to develop and manufacture our own tunnel boring machines” and wants to “restore the now-dormant American tunnel boring machine industry.”” reports autoblog.com. Boring seeks “limited parts from China in the near-term for use in a small number of tunnel boring machines.”. On Wednesday, the company proposed to build a 3.6-mile tunnel between Dodger Stadium in Los Angeles and the city’s subway system. Other companies including General Motors have sought exemptions from new U.S. tariffs imposed on Chinese imports. (Reporting by David Shepardson;…

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Google’s ambitions for China could trigger a crisis inside the company

“There are bad tweets, there are worse tweets, and then there are tweets that cost your company $606 million” writes Aug Edt for theverge.com. China considers censorship a state secret, vastly restricting what Google can tell even its own employees about what its plans are.Then employees noticed that executives’ words were being transcribed in real time by the New York Times’ Kate Conger, who had a source inside. Source: theverge.com Share This:

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Crypto Markets News 

Crypto Mining Decline Deals Blow to Nvidia…

“Do you think that Nvidia will see a resurgence in cryptocurrency related earnings once the market recovers?” writes Devashish Bhuyan for livebitcoinnews.com. Due to the ongoing decline in cryptocurrency mining, Nvidia Corp. shares dropped 5% on Friday to close the day at $244.82, down from $257.44 on Thursday.The loss comes amid reports that Nvidia’s cryptocurrency-related sales were significantly lower than expected in Q2 2018.Analysts for the company are estimating third-quarter earnings of between $3.19 and $3.32 billion.Furthermore, according to Marketwatch, the company isn’t counting on any such sales for the…

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