Buyer interest in Apple’s latest iPhone line up is lower than the previous year despite a more affordable price point, an annual survey by Piper Jaffray found. While Apple’s new iPhone 11 starts at $699, $50 less than last year’s iPhone XR, customers may be holding out for 5G models that the company is reportedly […] Read more
Facebook takes another crack at smart home market with Portal TV, combining video chat and streaming
Facebook on Wednesday unveiled a new video chat and streaming device called Portal TV, as the social network pushes to seek traction in the smart home market. The device comes with a camera and microphones and allows users to make video calls from their televisions over WhatsApp and Facebook Messenger, as well as to stream […] Read more
France is taking aim at big U.S. tech firms again — this time in the direction of Facebook’s proposed cryptocurrency libra. Speaking at an OECD conference in Paris Thursday, French Finance Minister Bruno Le Maire said libra would put the sovereignty of governments at risk. “All these concerns around libra are serious. So I want […] Read more
WeWork’s parent company, the We Company, made a splash earlier this week with the release of its much-anticipated IPO prospectus. The company’s S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber’s IPO in May. It’s also filled with unusual […] Read more
As more video-streaming services flood the market, professional sports leagues are finding themselves in an increasingly precarious situations, because they’re not included in the packages. At this week’s Allen & Co. conference in Sun Valley, Idaho, some of the top sports executives gathered to discuss the future of sports. We spoke to the commissioners of […] Read more
The former chief executive officer of Cisco told CNBC that Facebook is at a crossroads and must make proactive changes to sustain growth in the face of increased regulatory scrutiny. John Chambers, who led Cisco for two decades including during the dot-com crash, said the social media giant needs to work aggressively to rebuild trust […] Read more
For people living in the developed world, electricity is something that can perhaps be taken for granted — with the flick of a switch or the press of a button they have lighting, TV and a huge number of other modern conveniences. Yet many people do not enjoy the same benefits. In sub-Saharan Africa, for […] Read more
This year as executives from the world’s biggest brands and ad agencies gather for the annual Cannes Lions advertising festival, Facebook and Google, which control the majority of all digital advertising, are facing unprecedented scrutiny. The largest companies in the industry teamed up to announce a new “Alliance for Responsible Content” at this year’s festival. […] Read more
Nintendo shares fell Wednesday after it announced a delay in the launch of a highly anticipated video game, Animal Crossing, at the Electronic Entertainment Expo. By the end of the trading day in Tokyo on Wednesday, shares of Nintendo had fallen 3.53%. The company announced it was delaying the launch of the latest installment in […] Read more
In the wake of a series of coordinated attacks that claimed more than 250 lives on April 21, the government of Sri Lanka shut off its residents’ access to social media and online messaging systems, including Facebook, WhatsApp, YouTube, Snapchat and Viber. The official government concern was that “false news reports were spreading through social […] Read more
