James Covert
The Archive
Snapchat has filed confidentially for its $20B IPO
Snapchat has filed to go public. Snap Inc., the parent company of the fast-growing messaging app, has filed confidentially with the Securities and Exchange Commission for an initial public offering,...
Lyft shaves its signature pink mustache
Lyft is shaving the pink mustache. The ride-hailing app says it’s ditching its signature handle-bar car decoration in favor of a glowing, dashboard-mounted “amp” that can help passengers identify approaching...
Tech giants in free-fall since Trump's surprising win
Tech stocks on Monday continued to get whacked for a fourth straight day as investors braced for a possible trade war with China under a Donald Trump presidency. A get-tough...
Facebook algorithm disproportionately affected conservative posts
Facebook created a computer algorithm to scrub fake news from its site, but didn’t use it because it disproportionately affected conservative posts, according to a report. “They absolutely have the...
Investors choose to snub GrubHub
Grubhub investors just swallowed a 5-percent stock drop — and the company’s boss is digesting a big dish of crow. Shares of the Chicago-based operator of the Grubhub and Seamless...
Alibaba stock dips despite Singles Day sales boom
Alibaba just published eye-popping results for its annual Singles Day sales bash — but it wasn’t enough to offset the Trump factor. The China-based e-commerce giant said it raked in...
Zuckerberg calls claims that Facebook tilted election 'pretty crazy'
Facebook boss Mark Zuckerberg said it was a "pretty crazy idea" that the social-networking giant may have tipped the presidential election to Donald Trump. Some hacked-off voters on the left...
Voters claim Facebook swung election towards Trump
Some hacked-off voters are accusing Facebook of helping throw the presidential election to Donald Trump — and Facebook execs seem to agree. A top Facebook exec said Thursday there is...
Jeff Bezos doesn't want to send Trump to space anymore
Jeff Bezos is frantically aborting that mission to send Donald Trump into space. Amazon’s billionaire boss — who joked last December he’d like to send Trump into orbit on a...
Drone recall puts GoPro's shares on decline
GoPro’s stock has been falling like a rock — and so have the company’s new drones. The action-camera maker’s shares dipped as much as 10 percent Wednesday after the company...
Tech titans' Twitter meltdown after Trump's surprising win
Silicon Valley is having a major meltdown over Donald Trump’s victory in the presidential election. Top tech titans who had blasted Trump’s positions on immigration, women’s rights, the environment and...
Uber competitor Karhoo goes kaput
Karhoo — a ride-hailing challenger to Uber that had billed itself as a search engine for taxis and black cars — is shutting down. The year-old startup had repeatedly blown...
Tesla acquires robots company to accelerate car production
Tesla has acquired a German manufacturing specialist as it scrambles to ramp up production of the mass-market Model 3 next year. The electric carmaker headed by Elon Musk said its...
Tesla's supercharging stations no longer free of charge
Tesla is introducing a new kind of charge at its Supercharger stations. The electric car maker, led by billionaire Elon Musk, said that beginning next year, its new customers will...
App that trades users discounts to show ads sees huge growth
Getting a pop-up ad on your smartphone might be annoying — but people are opting for such a feature to get a discount of $60 a year on their bill....
GoPro and Fitbit may have already hit Wall Street peak
Wearables have gone out of fashion on Wall Street. Shares of GoPro and Fitbit got slammed by steep selloffs Thursday after the companies forecasted surprisingly weak holiday sales on top...
Generic Viagra peddler accused of stiffing business partners
The head of a Web site selling generic Viagra and other prescription drugs was accused Wednesday of swindling fellow executives out of millions of dollars of compensation — and pushing...
Tinder's rapid growth can't stop Match Group's plunge
Wall Street’s hopes got a little too high for its latest date with Tinder. Shares of Match Group — the dating-site company that owns Tinder, as well as Match.com and...
Facebook's ad overload causes shares to plummet
Facebook is running out of room for ads — and Wall Street is running for the hills. Shares of Mark Zuckerberg’s social-networking giant plunged nearly 8 percent in after-hours trades...
Alibaba addresses SEC whistleblower probe on earnings call
Alibaba execs denied The Post’s exclusive report this week that a whistleblower is aiding an investigation by the Securities and Exchange Commission of the China-based e-commerce giant. “We don’t think...