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Business Reporter — Mashable

Senior business reporter for @Mashable. Formerly with @SAI and @TheStreet. Tweet about tech/culture. All opinions are mine, even the stupid ones.

Seth Fiegerman's Biography

Business reporter at Mashable covering startups, tech stocks and media.

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Google Misses Estimates for Revenue, Earnings in Q3 — Google's third quarter results fell short of Wall Street's revenue and earnings estimates. The search giant reported earnings of $6.35 per share on revenue of $16.52 billion for the September quarter, coming in slightly below the consensus estimate among analysts for earnings of $6.53 per share on revenue of $16.57 billion.

Amazon Plans to Hire 80,000 Workers for the Holiday Season — Amazon is about to go on its big annual hiring spree. The ecommerce giant announced Thursday that it plans to hire 80,000 workers at its fulfillment centers for the holiday season to meet increased customer demand. That's up from the 70,000 seasonal workers that Amazon planned to bring on for the holiday season last year.

Netflix Stock Falls 25% After Missing Subscriber Growth Numbers — Netflix's rough day just got even worse. Netflix revealed that it missed its own subscriber forecast for the September quarter, adding fewer than one million new members domestically. It ended the quarter with 37.2 million domestic subscribers. "This quarter we over-forecasted membership growth," the company's CEO Reed Hastings and CFO David Wells wrote in a letter to investors included with the earnings release.

The Next Pricing War: GetTaxi Promises to Double What Uber Pays Drivers in NY — Ron Srebro doesn't hold back when he talks about Uber. "Uber is trying to bully everyone, to destroy everyone," says Srebro, CEO of Gett, the U.S. division of ride-hailing service GetTaxi. "We don't think we need to destroy or be illegal or play dirty to be disruptive."

Google's 'Rivalry' With Amazon? It's Complicated — "Many people think our main competition is Bing or Yahoo," Eric Schmidt, Google's executive chairman, said this week in Berlin. "But, really, our biggest search competitor is Amazon." Schmidt likely intended to persuade a skeptical European audience that Google is not all powerful and faces more competition than some might assume.

Hailo Gives Up on North America — The stakes for competing in the U.S. taxi startup space are too high for at least one company. Hailo has decided to pull out of the North America market almost exactly two years after it first launched in the United States, citing the costs of attempting to compete against more entrenched players like Uber and Lyft.

Mark Zuckerberg Donates $25 Million to Help Fight Ebola — Mark Zuckerberg wants to do his part to help fight Ebola. The Facebook cofounder and CEO announced Tuesday that he and his wife Priscilla are donating $25 million to the Centers for Disease Control Foundation to put an end to the Ebola outbreak.

Twitter Users in France Can Transfer Money Through Tweets — The next time you want to wire money to someone, you can turn to Twitter - that is, if you live in France. Groupe BPCE, one of the largest banks in France, is enabling money transfers via tweets through its electronic money subsidiary, S-Money.

Finland's Prime Minister Blames Apple for Country's Economic Woes — You know you've really made it as a business when you can be blamed for an entire country's economic collapse. During an interview with CNBC on Monday (watch below), the prime minister of Finland suggested that Apple was at least partly to blame for the country's recent economic troubles.

Here We Go Again: Kmart Says It Got Hacked, Too — Kmart is the latest retailer to be hit by a data breach. Kmart announced late Friday that its stores' payment systems were hit by malware early last month, compromising an untold number of credit and debit card numbers. The company says its IT team first discovered the data breach on Thursday and launched an investigation into it with a security firm.
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Oct 20, 2014

Not covering Apple earnings for the first time in a couple years. Doing this instead..

Oct 20, 2014

The New Yorker will really just let anyone write fiction for it these days...…

Oct 19, 2014

Excellent explainer from @JasonAbbruzzese on the great cable unbundling that happened this week…

Oct 19, 2014

TIL Google has a mindfulness program for employees called Search Inside Yourself. That's adorable.…

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