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.
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.
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.
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.
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.
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.
During a interview with an Irish radio station, U2 frontman Bono talked about the band’s collaboration with Apple Inc. (NASDAQ:AAPL). Bono claimed that Apple now has 885 million iTunes accounts, which is up from 800 million in April. Bono is working with Apple on a new music format. Bono originally came up with the idea for a new music format during a conversation with late Apple co-founder Steve Jobs in 2009.