The SEC has questions about a company with no revenue, $1,000 in the bank, and a $35 billion market cap

Submitted by Tech Insider on August 15, 2016 - 6:04pm


Here's your bizarre business news of the day.

The US Securities and Exchange Commission said on Monday that it has halted the trading of a firm called Neuromama. The company has a market cap of around $35 billion with shares valued at $56.25 a share before the halt.

It looks like the headphone jack dilemma will be pretty messy to start

Submitted by Tech Insider on August 15, 2016 - 6:00pm

As you've heard ad nauseam, Apple appears extremely likely to remove the headphone jack from its next iPhone. This hasn’t gone over well! Apart from forcing some people to buy new wired (or wireless) headphones, it’s likely to raise the cost of the average headphone, and make many learn to live with dongles.


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