Cheddar morning business update 8/11: Amazon looks to sell concert tickets

Posted: Updated:
  • Shares of Snapchat’s parent company, Snap, are plunging after the company reported disappointing earnings and user growth. The number of daily Snap users only increased by 7 million from the first quarter compared to 8 million the previous quarter. Investors have been concerned about increased competition from Facebook and Instagram, which have been adding Snapchat-like features. 
  • Amazon is looking to take on Ticketmaster.com by partnering with venue owners to sell event tickets, Reuters reports. The retailer sees an opening in the ticket market because consumers hate ticket fees and want more access to events. It could be another perk for Prime members.
  • Consumer Reports is no longer recommending Microsoft Surface laptops and tablets, after a study estimated that about 25% of the devices will have problems by the end of the second year. Consumer Reports says it won’t recommend any other Microsoft laptops or tablets either, because of their "poor predicted reliability" compared to other brands.
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  • Inflammatory letter sheds light on Uber's alleged misconduct

    Inflammatory letter sheds light on Uber's alleged misconduct

    Friday, December 15 2017 7:25 PM EST2017-12-16 00:25:48 GMT
    Monday, December 18 2017 9:34 AM EST2017-12-18 14:34:49 GMT
    A federal judge has unsealed an inflammatory letter sent by a former Uber security specialist alleging the ride-hailing service dispatched a team of spies to steal its rivals' trade secrets and engage in other...
    A federal judge has unsealed an inflammatory letter sent by a former Uber security specialist alleging the ride-hailing service dispatched a team of spies to steal its rivals' trade secrets and engage in other shady behavior to thwart its competition.
  • Germany extends facial recognition test at rail station

    Germany extends facial recognition test at rail station

    Friday, December 15 2017 7:45 AM EST2017-12-15 12:45:39 GMT
    Monday, December 18 2017 9:34 AM EST2017-12-18 14:34:46 GMT
    Germany's top security official is extending tests of automatic facial recognition technology after an initial six-month trial showed the system had a good success rate.
    Germany's top security official is extending tests of automatic facial recognition technology after an initial six-month trial showed the system had a good success rate.
  • AP Explains: What is net neutrality and why does it matter?

    AP Explains: What is net neutrality and why does it matter?

    Thursday, December 14 2017 12:24 AM EST2017-12-14 05:24:35 GMT
    Monday, December 18 2017 9:34 AM EST2017-12-18 14:34:43 GMT
    "Net neutrality" regulations, designed to prevent internet service providers like Verizon, AT&T, Comcast and Charter from favoring some sites and apps over others, are on the chopping block.
    "Net neutrality" regulations, designed to prevent internet service providers like Verizon, AT&T, Comcast and Charter from favoring some sites and apps over others, are on the chopping block.
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