In its annual ranking of companies based on revenue, the latest Fortune 500 lists Apple third on the list, followed by Walmart and Exxon Mobil. With $233 billion in revenue, Apple is the top tech company on the Fortune 500. “Apple jumped two slots from last year, and it was also the most profitable company, with $53 billion in profits in 2015,” reports Business Insider. Amazon is listed as number 18, with $107 billion in sales, while Verizon is ranked 13th, HP 20th, Microsoft 25th, IBM 31st and Alphabet 36th. Meanwhile, Facebook jumped 85 spots to number 157, and Netflix moved from 474 to number 379. Continue reading Fortune 500 Lists Apple as the Highest Tech Company in Sales

T-Mobile chief executive John Legere says he will give away a share in the company to every account holder with a voice plan, a deal that’s also good for new customers. Those who have been T-Mobile customers for at least five years will also get two shares for every new customer they refer. T-Mobile says it has more than 30 million postpaid phone customers. The stock is currently trading at $43.07 per share, which would value the promotion at $1.3 billion if every customer takes Legere up on his offer. Continue reading Latest T-Mobile Promotion Offers Stock Shares to Customers

Yahoo has distributed letters to potential buyers to launch an auction for its portfolio of 3,000 patents that could earn more than $1 billion. The collection dates back to the company’s 1996 IPO, including its original search tech, say those familiar with the plans. “Yahoo has set a mid-June deadline for preliminary bids,” reports The Wall Street Journal, “and hired Black Stone IP, a boutique investment bank that specializes in patent sales, to run the auction.” Yahoo confirmed the sale of patents and pending applications “related to Web search and advertising.” The company is also selling its core Internet business; Verizon reportedly bid about $3 billion. Continue reading Yahoo Plans for Auction of Patent Portfolio, Lines Up Buyers

Google has increased its efforts to get cellphone manufacturers and carriers to update to the latest version of Android. That includes speeding up security updates, offering technology workarounds and limiting phone testing requirements. To back up these enticements, Google is also publicly naming the laggards in a ranking intended to shame manufacturers into catching up. At stake are not simply Google’s latest operating system but new offerings such as its Daydream virtual reality system. Continue reading Google Pushes Phone Makers and Carriers to Update Android

AT&T plans to purchase Quickplay Media from Madison Dearborn Partners. Quickplay specializes in powering over-the-top video and TV Everywhere services. The acquisition will build upon the existing relationship between the two companies and enhance future AT&T video delivery initiatives. Quickplay currently supports AT&T’s U-verse TV Everywhere offering and will support upcoming streaming offers: DirecTV Now, DirecTV Mobile and DirecTV Preview. “Our strategy is to deliver video content however, whenever and wherever,” said John Stankey, CEO, AT&T Entertainment Group. Continue reading AT&T is Acquiring Quickplay Media to Power TV Everywhere

Following the shutdown of Aereo, Chet Kanojia is back with a new venture that intends to revolutionize broadband delivery. New York- and Boston-based startup Starry is looking to introduce a test version of its super-fast, wireless Internet service this summer. With its planned July beta release, Starry will join companies such as AT&T, Ericsson, Facebook, Google, Huawei, Qualcomm and Verizon that are working on millimeter wave fixed wireless systems to approach gigabit-per-second service in homes and businesses. Continue reading Starry to Roll Out Fast, Affordable, Wireless Internet Service

YouTube-centric Machinima, which has focused on gamers and fan culture for a decade, just launched MACH-1, an in-house eSports consulting unit that will offer research and analytics, strategic planning and campaign execution. Machinima recently hosted an eSports panel of industry executives at its NewFronts event. Turner and WME-IMG are also about to begin broadcasting scheduled video games on TV in the U.S. ESports have a massive global audience but opportunities to monetize the sector haven’t yet been fully leveraged. Continue reading Machinima and Turner Plan to Leverage Popularity of eSports

This fall, AOL plans to open up a new 13,412-square-foot studio on Broadway in downtown Manhattan, which will serve as the locale for “AOL BUILD,” its live interview and event series. The street-facing main stage, with seating for a live audience, will be equipped with 360-degree cameras to create live VR experiences. “BUILD” has an active live production unit, creating at least four hours of content per day with around 75 live events per month, for a total of 800 episodes since its inception. Continue reading ‘AOL BUILD’ Expands with Live VR Studio in Downtown NYC

This summer, Verizon and AT&T will start testing 5G, the fifth-generation mobile network likely to speed up adoption of the Internet of Things, from autonomous vehicles to smart homes and more. Unleashing the Internet of Things — projected to double to 50 billion connected ‘things’ globally by 2020 and 500 billion by 2030 — will also enrich the companies that create these new IoT networks, potentially including Cisco Systems, Nokia, Oyj, Ericsson, Qualcomm and Intel. Bottom line: 5G is the most profound expansion of the Internet ever. Continue reading As 5G Tests Begin, Providers Gear Up for Internet of Things

Twitter reported revenue of $595 million for Q1 2016, below Wall Street expectations, adding to its growing list of woes. User growth, an area of concern since its 2013 IPO, remains modest, with an average 310 million monthly users in Q1 2016, up from 305 in Q4 2015. But most of the growth came from outside the U.S., where markets are less mature and therefore less lucrative. One ray of hope is Twitter’s deal with the NFL to live-stream Thursday Night Football games, which has drawn interest from other sports leagues. Continue reading Twitter Hopes to Prove Live-Streaming Value with NFL Games

As the airwaves are increasingly crowded by wireless data, the Federal Communications Commission devised a “broadcast incentive auction” to convince TV broadcasters to sell spectrum that would be used to expand wireless airwaves. By the end of this month, the FCC’s early round of the auction is expected to be complete, but the entire plan won’t likely be completed before 2020. By acting as middleman, the FCC stands to make billions of dollars, which will pay for the auction; the rest will go to the government. Continue reading FCC Spectrum Auction Begins, Transition to Take Four Years

Verizon Communications announced yesterday that it has purchased a minority stake in AwesomenessTV, the digital entertainment network geared toward teens and young adults. Verizon is buying 24.5 percent of the video company, now valued at $650 million. DreamWorks Animation owns 51 percent of the unit (it acquired Awesomeness in 2013), and Hearst owns another 24.5 percent. According to the telco, plans include creating a “a first-of-its-kind premium short-form mobile video service featuring leading talent in front of and behind the camera.” Continue reading Verizon Invests in AwesomenessTV to Grow its Mobile Video

Two digital platforms scored big live sports deals this week. Twitter beat out Verizon, Facebook and Amazon to win the rights to stream 10 of the National Football League’s Thursday night games. In exchange for $10 million for the global rights, Twitter will get 15 advertising slots to sell commercials for each game. Yahoo, which offered free Major League Baseball games last year, will stream 180 games this year for free online, one per day for the rest of the league’s season, except for local TV blackout restrictions. Continue reading Twitter, Yahoo Score Major Live Sports Deals with Ad Slots

For the last five years, Netflix has been throttling speed of its service to AT&T and Verizon subscribers so they would not exceed mobile data caps and incur extra charges that could discourage viewing on mobile devices. After T-Mobile’s chief executive noted that AT&T and Verizon customers were watching Netflix at slower speeds, the two carriers were initially blamed, but denied the charges. Net neutrality rules prevent wireless carriers from throttling the speed, but those rules appear not to apply to content companies. Continue reading Netflix, Not AT&T or Verizon, Throttles Speeds Over Networks

Redbox plans to launch a video streaming service called Redbox Digital. The DVD rental company previously launched Redbox Instant, a streaming service joint venture with Verizon, which lasted 18 months. The new effort will be a video-on-demand store similar to iTunes, Vudu or Google Play, letting consumers stream or buy digital copies of movies or TV show episodes. Redbox Digital will be part of the service’s existing loyalty program, integrate into its mobile apps and support TV-connected platforms like Chromecast and Roku. Continue reading Rental Kiosk Leader Redbox Readies Video Streaming Service