VENTURE CAPITAL POST

Wal-Mart's stock tumbled on the Wall Street following the forecast of earnings drop in the range of 6-12 percent hammered down the market sentiment. Wal-Mart shares fell 10.04 percent or $6.70 to $60.03 indicating biggest fall in a day during the past three decades. The stock was already trading 22 percent lower before the latest drop. Gearing up to compete with Amazon, Wal-Mart Stores Inc hiked investment in internet technology and raised wages. The earnings are expected to be flat for the current fiscal year and one or two percent lower than the previous forecast. The third quarter results from Wal-Mart are scheduled on 17 November.

Netflix reported a lower than expected performance today after the company reported a total revenue of $1.74 billion for its third quarter performance. The revenue contributes to earnings of $0.07 per share, which is lower than analyst expectation of $0.08 per share.

The San Francisco Police Department and the Federal Aviation Administration will be working hand in hand to ban drones while imposing a $10,000 fine for offenders during the 2015 Fleet Week which is set to happen this weekend.

Ruling out North America's claim that European antitrust authority is going in an anti-US bias in dealing with Google and Apple, the European Competition Commissioner (ECC) Margrethe Vestager has termed it as a misleading notion of the world's largest economy. Vestager has been criticized in the US media for her role in opening multiple cases against the US corporate giants Google, Apple, Amazon and Starbucks during the past one year. Vestager has become the target of the US media as European regulators are protecting EU companies from the US competition.

Amazon is disallowing the sale of media-streaming devices from Apple and Google. In an e-mail to its marketplace sellers, the Web retailer says that after October 29, it will no longer sell Apple TV's and Google Chromecasts. "It's important that the streaming media players we sell interact well with Prime Video in order to avoid customer confusion," said Amazon in the e-mail.

The five-years patent lawsuit battle between Microsoft and Google had finally come to an end after both companies agreed to drop the lawsuit for an undisclosed amount. The announcement was made by in a joint statement from the two companies.

Amazon just unveiled their latest gadget, the Amazon Fire HD 10. It is the widest tablet offered by Jeff Bezos's company and it comes with a price tag far cheaper than any other high-end tablet by another manufacturer at $229.

Amazon is venturing on meal delivery partnering with restaurants near Seattle, and is currently hiring jobs for the Seattle headquarter and in New York. Amazon Inc. is currently hiring staff for its newest division; the Amazon Restaurants. The department is opening 15 job vacancies in Seattle and New York. Six separate postings are from Amazon Restaurant and Travel.

Apple Inc is reportedly moving into the original programming business to compete with Netflix and other video streaming companies.

Amazon announced Wednesday that it will offer its Prime Instant Video service in Japan next month, going toe-to-toe with rival Netflix in the video streaming industry.

FAA reported that there had been almost 700 close encounters between drones and planes. Drones have no permissions to soar the sky of more than 400 feet off the ground or within the five miles of any airport, but on the day of August 15, drones messed with air traffic in the Unites States, dozens of them.

In The Seattle Times Friday edition, the ACLU placed a whole page ad looking for current and former Amazon employees who believe they were mistreated during their employment .

Reacting to the New York Times investigation report on the world's most valuable online retail major, many Amazonians came down heavily condemning the report. New York Times website is flooded with comments from employees at Amazon.

Amazon CEO Jeff Bezos reacted about the negative story published on August 15 on the New York Times, regarding the ruthless management practices inside the Amazon workplace. He's attesting that the report is a false accusation. Hence, he's persuading the employees to email him or approach the HR concerning the matter.

Three of the top companies by market capitalization in the US are technology companies established after 1970 that make waves in the global markets until today.