GM riles electric car advocates over charger sharing
Editor’s note: Automakers are making big bets on plug-in hybrids and range-extended electric vehicles, as VentureBeat’s Matthew Lynley recently wrote. There’s just one problem: In California, hybrids aren’t legally allowed to use public charging stations meant for electric cars. This post, by John Voelker of GreenCarReports.com, explains how a bill meant to change that is pitting some electric car advocates against GM.
California’s electric-car advocates are often “true believers,” and they can be single-minded in … Continue Reading
Amazon net sales up 51%; investing in digital
During Amazon’s quarter two earnings call, the company reported the strongest growth it has seen in ten years, in addition to digital offerings growth.
In this past quarter, Amazon’s net sales increased 51 percent to $9.91 billion compared year-over-year with $6.57 billion in Q2 of 2010.
In the earnings call, chief financial officer Tom Szkutak supported the increase by saying, “The growth rate you see in Q2 really stems from investments we’ve made over a … Continue Reading
Amazon drops Calif. affiliates to protest e-commerce law
Amazon on Thursday said it had dropped the California members of its marketing affiliates program in response to the state’s new law to charge sales taxes on online goods. Amazon competitor Overstock also intends to drop its California affiliates.
Amazon is by far the largest online retailer with more than $34 billion in annual sales. Until now, Amazon and other digital retailers have had a significant advantage over local stores because it doesn’t have to … Continue Reading
Twitter: Make that almost San Francisco
Twitter, the popular messaging site, may be growing out of its startup phase with a possible headquarters move to Brisbane, California, according to brokerage sources in the San Francisco Business Times.
The company appears to have more than 175 million users, has sent over 25 billion tweets, and 100 million accounts added in 2010, according to statistics from Royal Pingdom. What do these numbers have to do with moving headquarters? Twitter is growing and with … Continue Reading
On the GreenBeat: California electric car rebates could run dry; Carsharing catches on with major automakers
Here’s the latest action we’re following on the GreenBeat today:
California’s electric car rebates could run out — The state fund that pays $5,000 rebate California offers for zero-emission cars is currently funded with $8 million, enough to pay out 1,600 car buyers. But the amount of money available doesn’t match the pace of electric car rollouts, and would likely run out by mid-2011, according to advocacy group Plug In America, the Los Angeles Times … Continue Reading
On the GreenBeat: Amyris weathers first day of trading, California to double solar capacity
Biofuels and biomaterials company Amyris’s stock held up in its first day of trading, closing last night at $16.50, up three percent from its opening price of $16. The stock peaked at $17.44, the San Francisco Chronicle writes. The report estimates about 2.4 million shares were traded yesterday. The stock was reportedly priced below range. Earth2Tech deemed the IPO a “decent exit” for investors, estimating the worth of investors stakes: $67 million for Kleiner … Continue Reading
Legal cloud lifts from California stem-cell effort
Biofuels and biomaterials company Amyris’s stock held up in its first day of trading, closing last night at $16.50, up three percent from its opening price of $16. The stock peaked at $17.44, the San Francisco Chronicle writes. The report estimates about 2.4 million shares were traded yesterday. The stock was reportedly priced below range. Earth2Tech deemed the IPO a “decent exit” for investors, estimating the worth of investors stakes: $67 million for Kleiner … Continue Reading
Massachusetts jumps on the stem-cell bandwagon
Biofuels and biomaterials company Amyris’s stock held up in its first day of trading, closing last night at $16.50, up three percent from its opening price of $16. The stock peaked at $17.44, the San Francisco Chronicle writes. The report estimates about 2.4 million shares were traded yesterday. The stock was reportedly priced below range. Earth2Tech deemed the IPO a “decent exit” for investors, estimating the worth of investors stakes: $67 million for Kleiner … Continue Reading
