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Many baulked when Facebook head Mark Zuckerberg agreed to drop $1 billion on Instagram in April 2012. "That's $33 per user," said some; "there's no business model!" screamed others. Less than three years later and Citigroup now says Instagram is worth $35 billion. That's almost 49 times higher tha...

4 months ago 0 Comments
December 19, 2014 at 1:28PM
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It's the TUAW Daily Update, your source for Apple news in a convenient audio format. You'll get all the top Apple stories of the day in three to five minutes for a quick review of what's happening in the Apple world. You can listen to today's Apple stories by clicking the inline player (requires Fl...

1 year ago 0 Comments
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Citigroup is learning the hard way that leaking unpublished research on iPhone production numbers to institutional investors ahead of other investors is wrong. The company has been fined US$30 million for sending that data to SAC Capital, T. Rowe Price, Citadel and GLC Partners ahead of official p...

1 year ago 0 Comments
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Come June 28th, Wall Street outfits including the likes of Citigroup and Bank of America will be under siege -- from fake hackers, that is. Representatives from a total of 40 companies along with the Federal Reserve, Securities and Exchange Commission, US departments of Treasury and Homeland Secur...

1 year ago 0 Comments
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Apple 2.0 is reporting that Apple stock dropped to US$497 in pre-market trading this morning. That's the first time that the stock has been below $500 since February 15, 2012. On Sunday, Citigroup lowered its price target for AAPL and also downgraded the stock from Buy to Neutral. That bad news...

2 years ago 0 Comments
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You've most likely heard plenty about NFC-capable smartphones, but little in the way of actual real-world uses for the chip. Well, MasterCard's looking to change all of that, and throw in a few innovations of its own courtesy of its in-house R&D labs and Google. Shown off at an event today, th...

3 years ago 0 Comments
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The wire services and the Wall Street Journal are reporting that the Citi Mobile app that Citibank offered to customers has a security flaw, and that it saved personal account information in a hidden file on users' iPhones. Our own Mike Rose reports that he got one of Citi's letters to customers war...

4 years ago 0 Comments
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Like Canada, Mexico's getting mobile payments, too, but these are just a bit different in two very important respects. One, this is a full-fledged service being underwritten by Telefonica, Iusacell, Citibank, and BBVA -- not just a trial. Two, unlike the NFC-based Canadian system, this one will rely...

6 years ago 0 Comments
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We'd previously noticed that Cingular was collaborating with Citigroup on some sort of mobile payment system in New York City, though details were pretty slim for the picking at the time; now the carrier has come out with full disclosure on exactly what it is they have up their sleeves. Like its Atl...

8 years ago 0 Comments
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We'd previously noticed that Cingular was collaborating with Citigroup on some sort of mobile payment system in New York City, though details were pretty slim for the picking at the time; now the carrier has come out with full disclosure on exactly what it is they have up their sleeves. Like its Atl...

8 years ago 0 Comments
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We wear a little thin with analysts always doing their analyst thing and telling us what companies are up to with no proof whatsoever, but it sure seems Citigroup Investment Research is pretty confident this time about Dell going AMD in September. They're claiming to have "confirmed from industry...

8 years ago 0 Comments