Good morning, Austin. And happy September! We perused the internet to bring you what's happening in technology news today. Here's what's going on:
Samsung delays some Galaxy Note 7 shipments
Exploding batteries are causing Samsung to delay shipments of its much anticipated new Galaxy Note 7, according to Reuters.
Investors drove the stock to two-week lows after the global smartphone leader told Reuters that shipments have been delayed for quality control testing, and that shipments to South Korea's top three mobile carriers had been halted.
Problems with the new premium flagship device could deal a big blow to Samsung, which was counting on the Galaxy Note 7 to maintain its strong mobile earnings momentum against Apple's new iPhones expected to be unveiled next week.
Will Twitter be acquired?
Shares of Twitter rose as much as 7 percent on Wednesday after co-founder Evan Williams said the struggling company must consider its options.
"We’re in a strong position now and, as a board member, we have to consider the right options," Williams told Bloomberg TV. The comments led to takeover speculation.
Williams initially declined to comment on whether Twitter would remain an independent company. He owns 6% of Twitter shares outstanding, according to S&P Global Market Intelligence.
Shares rallied9 percent last month when speculation bubbled up that former Microsoft CEO Steve Ballmer and Saudi Prince Alwaleed bin Talal Al Saud would buy Twitter.
As unicorns become rarer, New York has a new one
New York-based real estate startup Compass Inc. raised new financing that values the company at more than $1 billion, according to Bloomberg.
The $75 million round was led by mutual fund operator Wellington Management Co. and included venture capital firms Institutional Venture Partners and Thrive Capital, according to the company. It marks the creation of a new unicorn -- a startup valued at $1 billion or more -- as that becomes rarer.
During this quarter last year, 25 venture-backed unicorns were created. This year in the third quarter, Compass is the sixth, according to CB Insights, which tracks financing events for startups.
It's an even more unusual in New York, where ZocDoc Inc. was the last to become a unicorn a year ago.
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