Square, the mobile credit card reader, wrote a blog post about the top ten negative myths about its service. Square is now in competition with a new Amazon product called Local Register. The Wall Street Journal reported that Square’s losses were huge so it was discussing a potential sale. However, Square says that this is not true.
Intel and SMS Audio, the consumer electronics company that was founded by 50 Cent, have partnered to launch heart-rate headphones. In the earbuds of the SMS Audio BioSport In-Ear headphones, there is an optical light sensor that detects the heart rate of the wearer with some other sensors.
Google co-founders Larry Page and Sergey Brin have taken the ice bucket challenge. As part of the ice bucket campaign, anyone that is challenged has 24 hours to do it also or that person has to donate money towards amyotrophic lateral sclerosis (ALS). Microsoft CEO Satya Nadella issued the challenge to Page on Wednesday. Sergey showed solidarity by doing it with him.
Delivery Hero announced that it has acquired Pizza.de, a Germany-based competitor. One of Delivery Hero’s rival, FoodPanda, recently raised $60 million in funding. The terms of the deal were undisclosed. After the acquisition, the total valuation of Delivery Hero is now worth over $1 billion.
Apple CEO Tim Cook has taken the ALS Association Ice Bucket Challenge during an Apple beer bash. Cook challenge Disney CEO and Apple board member Bob Iger to take the ice challenge also. Cook also challenged Dr. Dre and Michael Franti, who was at the event and immediately accepted. The challenge asks people to either take a splash of icy cold water, donate $100 to the ALS Association, or both.
Carl Icahn now has a total of 45 million Apple Inc. (NASDAQ:AAPL) shares, according to a 13F filing with the SEC. The filing includes the 7-for-1 stock split that Apple set up in June. This values his holdings in Apple at about $5 billion. Icahn also sold 480,000 shares of Netflix, which puts his holdings at 1.76 million shares worth $777 million. Icahn increased his stake in Gannett with another 2.7 million shares to a total of 15 million. He bought a stake in Gannett because he believes the company is undervalued and may benefit from splitting its print and broadcasting assets.
Tesla Motors Inc (NASDAQ:TSLA) visited Def Con in Las Vegas to look for recruits. Tesla’s vehicle security head Kristin Paget attended Def Con to look for talent.
Amazon.com, Inc. (NASDAQ:AMZN) has launched a Square Reader and PayPal Here rival called Local Register. Local Register costs $10, but buyers will receive a $10 credit so it is essentially free.