Facebook Inc: Drones will be the size of jumbo jets

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Facebook Inc (NASDAQ:FB) plans to build drones to provide Internet to rural areas in developing countries. The drones will fly around 17 miles off the ground.

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Robinhood raises $13 million

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Robinhood is a zero-fee stock trading service that has raised $13 million from several celebrities. The funding will be used to hire talent to make its app secure. There are a number of people that are waiting in a private beta wait list.

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Dollar Shave Club raises $50 million in funding

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Dollar Shave Club is on track to hit around $60 million in revenue this year, which is up from $20 million in 2013. The service has over 1 million active members that receive a shipment every month or every other month.

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Samsung Electronics Co Ltd announces Power Sharing Cable

Samsung Power Sharing Cable
Samsung Electronics Co Ltd (KRX:005930) announced a new device called the Power Sharing Cable. The device lets users transmit energy from one Galaxy device to another. For example, the Galaxy S5 can charge the Galaxy Gear smartwatch.

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Amazon.com, Inc. reportedly developing new Internet of Things hardware products

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Amazon.com, Inc. (NASDAQ:AMZN) is planning to launch several new hardware products such as Internet-connected wearables and household products, according to several reports.

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BlackBerry Ltd sold out of the Passport on its website

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BlackBerry Ltd (NASDAQ:BBRY) announced that the BlackBerry Passport has sold out on its website. The Passport was priced at $599, which is down from the retail price of the $699.

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AppNexus raises $25 million

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AppNexus has raised $25 million in funding from WPP. WPP’s stake in AppNexus has increased to around 15%. WPP previously had an equity stake of under 1%. WPP is going to transfer ownership of its “Xaxis For Publishers” ad service to AppNexus. WPP is investing heavily in the programmatic media space.

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Google Inc drops funding for conservative group due to climate change issues

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Google Inc (NASDAQ:GOOG) has decided to drop their funding for a conservative group due to its stance on climate change. In an interview with NPR, Google executive chairman Eric Schmidt said that Google will not renew its membership with the American Legislative Exchange Council (ALEC). Schmidt said that the conservative group was “literally lying” by opposing efforts for reducing global warming.

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