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Smugglers used aerial drones to sneak $80 million in iPhones into China

A drone that was confiscated after authorities arrested suspects who used drones to smuggle smartphones from Hong Kong to Shenzhen, is pictured in Shenzhen, Guangdong province, China March 29, 2018. Liu Youzhi/Southern Metropolis Daily via REUTERS   Chinese authorities have arrested 26 people who were part of an iPhone smuggling operation between

Uber acquires bike-share startup JUMP

Uber has acquired bike-sharing startup JUMP for an undisclosed amount of money. This comes shortly after TechCrunch reported that JUMP was in talks with Uber as well as with investors regarding a potential fundraising round involving Sequoia Capital’s Mike Moritz. At the time, JUMP was contemplating a sale that exceeded $100 million. We’re now

The U.S Postal Service Is in Trouble, but Trump’s Tweets Won’t Fix It

A usps delivery man   The USPS needs more customers like Amazon, not fewer. In recent days, President Donald Trump has decried the financial condition of the U.S Postal Service, which, in a series of much-discussed tweets, he has said is losing “Billions of Dollars.” That part is true. From 2013 to 2016, the USPS averaged

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