Welcome to “The Week in Tech,” where we recap some of the most interesting technology and mobile stories from the past week.
This week we highlight Comcast’s Stream, the fake takeover story about Twitter, the continuing Reddit drama, and eBay selling their enterprise unit.
Comcast announces over-the-top TV service Stream
Comcast is trying to get with the times in offering Stream, an internet TV streaming service viewable on tablet, laptop, and smartphone.
But the company just doesn’t get it.
While stream will let Xfinity customers pay $15 a month to watch about about a dozen networks including HBO (the only cable network offering), NBC, Fox, and more, they’ll only be able to access Stream from their own homes.
Additionally, the service won’t be available through any set-top boxes like Roku, Xbox or Amazon Fire TV.
So, all this amounts to is letting viewers watch TV on their tiny devices and in their own homes only. What’s the use in that?
Stream will launch this summer in its first test market, Boston, then in Seattle and Chicago later this year.
Twitter shares spike after fake takeover article is published
Twitter is where a lot of fabricated news, like fake celebrity deaths, breaks. This time, fabricated news broke about Twitter.
Twitter’s stock leaped 8%, from $36.80 to $38.60, when a contrived article stated that the micro-blogging company had received a $31 billion takeover offer.
The story looked like it was written by Bloomberg, as the site had similar design and the article was supposedly written by Stephen Morris, one of the company’s writers. But the URL of the article was bloomberg.market, not bloomberg.com, and there were multiple grammatical and spelling errors.
I wonder if Twitter wishes the article were true.
The Reddit drama continues
Two weeks ago, we wrote about how Reddit was taken hostage due to the abrupt firing of one of its most popular and essential employees, Victoria Taylor.
The saga continues.
First, Reddit’s CEO at the time, Ellen Pao, resigned, and co-founder Steve Huffman took over.
A few days later, the company’s chief engineer quit after only two months on the job.
Then, former CEO Yishan Wong blamed Co-founder and Executive Chairman Alexis Ohanian for firing Taylor.
Now, new CEO Huffman has proposed a new content policy that will significantly change the tone of the site.
Who knows what’s next for Reddit, but this is a story worth following.
eBay to sell enterprise unit
We all know eBay as a consumer-facing auction site, but it had an enterprise division that helped retailers manage their e-commerce websites. Soon, that will be no more.
eBay has confirmed that it will sell its enterprise division to a consortium of investment firms for $925 million. In 2011, eBay acquired GSI Commerce for $2.4 billion and rebranded it as eBay Enterprise. In essence, eBay is taking a loss of $1.5 billion on that purchase. Ouch.
Furthermore, today is when eBay will officially spin off PayPal as a separate company.
So we’ll know eBay as a consumer-facing auction site, because that’s all it is now.
What do you think of these stories? Have you read other interesting mobile and technology stories this week that are worth mentioning? Feel free to add your thoughts to the comments.
Photo courtesy of Comcast.