Technology

Kevork Djansezian | Reuters
Security guards at the entrance of United Artists theater during the premiere of the film "The Interview" in Los Angeles, December 11, 2014.

The FBI has concluded that the North Korean government is responsible for the Sony cyber attack, based on an investigation conducted in collaboration with other government agencies and departments. “Though the FBI has seen a wide variety and increasing number of cyber intrusions, the destructive nature of this attack, coupled with its coercive nature, sets …

David Paul Morris | Bloomberg | Getty Images

Citigroup thinks photo sharing service Instagram is now worth $35 billion—nearly double its previous valuation and a price tag the bank characterized as “conservative.” Facebook bought Instagram in late 2012 for a final price tag of $715 million, meaning the service is now worth about 49 times what the social network paid for it. In …

Lucy Nicholson | Reuters
Apple CEO Tim Cook speaks at a conference in Laguna Beach, Calif., October 27, 2014.

Tim Cook, the CEO of Apple, has hit out at the U.K. broadcaster the BBC over allegations of poor working conditions at its suppliers working on the iPhone 6. Apple’s Senior Vice-President of Operations, Jeff Williams, sent out an email to around 5,000 staff members in the U.K. on Friday, saying that himself and Cook …

Getty Images

Live in Manhattan? Have an Amazon Prime account? Well, today is your lucky day. Amazon will launch today Prime Now, a one-hour delivery service for a variety of items including batteries, shampoo and even books. The service will be available every day from 6 a.m. until midnight and will launch in “select areas of Manhattan,” …

New threats against Sony

The fallout from the Sony Pictures hack keeps getting worse.

Tam Wynn
A San Fernando Valley, Calif., neighborhood is used as a traffic shortcut.

Drivers in Los Angeles pride themselves on their ability to strategize the daily commute. Every day presents a new challenge: Find the best shortcut, the secret alternative route, to shave off precious minutes from a cruel trek. “Saturday Night Live’s” “The Californians” is played for laughs, but it rings true. As a reporter in Los …

Uber under fire

Uber’s been making headlines for months, and not the good kind. A day after city officials in Portland, Oregon, sued Uber, on Tuesday prosecutors in Los Angeles and San Francisco slapped a lawsuit on the company, accusing the ride-sharing app of gouging customers, among other claims. Portland sued the now $40 billion taxi-hailing service for …

Getty Images
Keeno Ahmed listens to music on her iPod, July 15, 2004, in New York.

Two months after Apple said it would no longer make the iPod Classic, that model is a strangely hot item. A report in Digital Trends said copies of the discontinued device are are selling for as much as $479 on Amazon, and $460 on eBay. New devices were retailing for $249 when Apple ended the …

David Paul Morris | Bloomberg | Getty Images
Renaud Laplanche, co-founder and chief executive officer of LendingClub.

We are heading into the end of the year, and this week we will see a spate of IPOs get pushed through the door. On Wednesday night, LendingClub, the largest peer-to-peer lending service, is seeking to price 57.7 million shares at $12 to $14 a share, which is up from $10 to $12 just two …

David Paul Morris | Bloomberg | Getty Images

LendingClub is setting out to transform the banking world. To get there, it’s following a playbook popularized by some of the world’s biggest tech companies. Like Apple, Google and Facebook as well as Microsoft and Salesforce.com, LendingClub’s mission is to not only be the biggest player in a massive market—in this case, online lending—but to create …

Emmanuel Dunand | AFP | Getty Images
Instagram co-founder Kevin Systrom at Instagram Direct unveiling in December 2013.

Instagram has hit a major milestone. The company now has more than 300 million monthly active users, sharing more than 70 million photos every day, and an average of 2.5 billion daily “likes.” That 300 million number is meaningful for a couple of reasons. First, it’s impressive growth. Since March, the number of new monthly …

Justin Sullivan | Getty Images

The antitrust lawsuit against Apple is on its last legs after a federal judge dismissed the plaintiffs’ last remaining witness. Judge Yvonne Gonzalez Rogers said Monday she was “concerned” and “troubled” by the remaining plaintiffs’ witness in the class action case. The judge scolded the plaintiffs in court, calling witness Marianna Rosen “inadequate” since the …

Jean Pierre Muller | AFP | Getty Images
A drone flying over vineyards in Pessac, France.

Venture capitalists see a budding opportunity in one of the world’s oldest industries: farming. From big data to drone technology, Silicon Valley investors are pouring money into “ag tech” companies at every level. And while their investments aim to create a more efficient and ecological solution to the problems that plague farming, VCs also see …

Blend Images | REB Images | Getty Images

Software start-ups have many reasons to raise mega-financing rounds these days. Talent is expensive, money is cheap, marketing is hard and there’s a land grab for customers that are shifting to cloud computing. Jai Das, managing director of venture capital firm Sapphire Ventures, has an even more creative explanation: Fine wine and sporting events cost …

Adam Jeffery | CNBC
The Apple flagship store on 5th Avenue in New York.

It’s Day 2 of the Apple antitrust trial in Oakland, California, and sparks could fly on the witness stand. Apple is fighting allegations that it violated antitrust laws between 2006 and 2009. The case hinges on this question: Was an iPod update in 2006 a legitimate product improvement or an illegal anticompetitive move? Apple says …