Tim Cook presenting the iPhone 5C.
Here's the latest in tech:
- Apple fell over 8% in after-hours trading after earnings results disappointed investors. It beat expectations on revenue and EPS, but Apple had a huge miss on iPhone sales. It sold 51 million units which was lower than expectations of 54.7 million.
- Apple CEO Tim Cook acknowledged that the company's cheaper, plastic device was part of the problem. He said iPhone 5c demand was "different than we thought."
- The CEO of Bitcoin exchange BitInstant, Charlie Shrem, was arrested for money laundering. Tyler and Cameron Winklevoss backed his company and say they're "obviously deeply concerned about his arrest."
- A man who lost his six-year-old daughter on New Year's Eve is suing Uber and the UberX driver who hit her for wrongful death and negligence.
- Legendary VC Tom Perkins explained, clarified, apologized for, and then stood by his controversial letter where he said people who criticize the rich are like Nazis. "It’s absurd to demonize the rich for being rich and doing what the rich do, which is get richer by creating opportunities for others," he told Bloomberg TV's Emily Chang.
- Serial entrepreneur and startup investor Jason Calacanis launched a new app this morning, Inside.com. Its mission: to change the way you find and read news on your smart phone.
- Facebook is reportedly hiring editors for its news-reading app, Paper.
- Online news sites are launching all over the place even though it's becoming increasingly difficult to make money from ads. It's causing some to say media is in its own technology bubble.
- Crowdfunding platform Indiegogo has raised $40 million.
- Google Glass now works with prescription lenses.
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