Having access to the internet is one of the keys to leveling the playing field for students. Sprint is working to bring internet access to a million low-income high school students.
The 1Million Project is only a year old, and has already connected 85,000 students to the internet through free devices and services. Doug Michelman, President of The 1Million Project, says that they are on track to reach a million students within 5 years.
The organization is currently active in 30 states. The 1Million Project has connected with over 1,300 high schools across 120 school districts.
Amazon may have met the David to its Goliath in the epic battle for Long Island City ー provided that Gov. Cuomo doesn't stand in his way. State Sen. Michael Gianaris, who represents New York's 12th district, including Amazon's planned Long Island City outpost, said the tech giant's plan ー promising 25,000 jobs in exchange for billions in city funds ー doesn't even merit negotiation.
Shares of Disney jumped after the bell on Tuesday, boosted by revenue growth in its television and parks divisions. The report was good news for investors looking to gauge Disney’s strength as it deepens its direct-to-consumer offerings in an effort to compete against rivals like Netflix and Apple.
Shares of embattled social media company Snap soared more than 16 percent in extended trading on Tuesday, after beating Wall Street's expectations for its fourth-quarter financial results and reporting relatively stable daily active users year-over-year. Wedbush's Dan Ives said the results showed signs of progress.
Viacom CFO Wade Davis says the company's recent acquisition of Pluto TV gives it a competitive advantage as it vies for consumers in a saturated market."The market for video products has been segmenting for some time now," Davis told Cheddar Tuesday. "With this segmentation, consumers have become a lot more value conscious, and we think that that underscores the opportunity in what we talk about as the free price point."
Blue Hexagon, a company focused on protecting companies from cyberthreats, has raised $31 million from Benchmark Capital and Altimeter Capital, which called the startup's deep learning technology a "game changer" in cybersecurity.
Google parent company Alphabet slipped in extended trading on Monday after the FAANG stock beat Wall Street expectations on its top and bottom lines, but cost-per-click ー or the amount Google charges advertisers when an ad gets clicked ー fell 29 percent on Google properties.
Facebook has made its first acquisition in the blockchain space. The social network has quietly hired the team behind Chainspace, a small blockchain startup founded by researchers from University College London, Cheddar has learned. Chainspace was building a decentralized “smart contracts” system that could facilitate payments and other services through blockchain technology.
Chris 'Hellpockets" Fields reflects on the Red Bull Final Summoning. Hellpockets also weighs on the character changes in Dragon Ball Fighterz.
These are the headlines you Need 2 Know for Monday, Feb. 4, 2019.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
