Revolution is a Washington D.C. based firm that seeks out and invests in entrepreneurs and ideas to grow teach hubs across the country, specifically outside of Silicon Valley. The Rise of The Rest fund involves 3 business leaders investing $150 million in start-ups. Steve Case is known for being the co-found of AOL but is now the chairman and CEO of Revolution.
Apple posted better-than-expected profit and revenue in the latest quarter but said sales dropped for the fourth straight quarter, including a drop in revenue for iPads and iMacs.
The Federal Trade Commission is accusing Amazon of using an algorithm to raise prices for some of its products, thereby causing other shopping sites to do the same.
