Weekly roundup in tech and retail

News and commentaries

A lot of things happened this week in tech especially with Google I/O’s keynote on Wednesday. Read on for the most relevant news in tech and retail.

In tech:

  1. The US Supreme Court has ruled that Aereo violates copyright law but is explicit that the ruling does *not* include “remote storage of content” (page 16 of the ruling here)
  2. Dave McClure‘s 500 Startups files with the SEC to raise $100M from the public
  3. GoPro, maker of high-def video recorders, rose 31% on first day of trading
  4. In compliance to “right to be forgotten” European ruling in May, Google starts filtering search results
  5. Google I/O highlights/launches:

In retail:

  1. Alibaba will trade in the New York Stock Exchange under the trading symbol “BABA”
  2. Tube passengers in London can now pick up Amazon purchases in lockers located in the London Underground station car parks
  3. Barnes and Noble will spin off Nook, its e-reader business, as a separately traded company as sales decline, share price for the bookstore chain rise 5.3%
  4. Nike share price up as 4th fiscal quarter results beat estimates, net income up by 5%
  5. Wish, the social shopping mobile app, raises $50M in a round led by Founders Fund
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