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Netflix to allocate $2 billion in debt to finance more content spending
For the second time this year, Netflix is giving $2 billion in debt to finance its investment in content. This includes new programming, content purchases, investments and more. The news was published on Monday morning and was accompanied by a small dip in Netflix’s stock...
Amazon’s Echo gets a decent-sounding refresh
Amazon did not realize what it had on its hands with the initial Echo. Launched five and a half years back for a picked number of Amazon Prime users, the first Alexa device led a user electronics revolution. According to figures from Canalys, 26.1 million...
Millions downloaded loads of Android apps from Google Play that were affected with adware
Safety researchers have discovered dozens of Android apps in the Google Play store serving ads to innocent victims as part of a money-making plan. ESET researchers saw 42 apps carrying adware, which they say have been downloaded more than 8 million times after they first...
Bill McDermott moves down as SAP’s CEO
SAP today announced that Bill McDermott, their CEO for the past nine years, is stepping down instantly. The company states he chose not to restore his contract. SAP Executive Board members Jennifer Morgan and Christian Klein have been elected as co-CEOs. The Story of McDermott...
Streaming Service Quibi: $150M Ad Inventory Sold in the First Year
Jeffrey Katzenberg’s mobile-only streaming service Quibi has not even started, yet it has already sold out of its $150 million first-year advertisement inventory. The service, which debuts in April 2020, combines new advertisers like Discover, General Mills, T-Mobile, and Taco Bell. They join Quibi’s current...
Instacart shoppers are organizing a nationwide protest
Instacart is once again at odds with its shoppers, people who go to the grocery store for the customers. The Shopper’s Demands From November 3-5, loads of Instacart shoppers intend to oppose with three demands: Increase the default tip amount to at least 10% Leave...
Venmo begins a rewards program giving up to 5% back at Target, Sephora, Dunkin’ & Wendy’s
Amid risen competition in the digital payments area, Venmo announced its first-ever rewards program, Venmo Rewards. This will enable users to earn automatic cashback on buying when they pay with their Venmo card at picked retailers. How Does it Work? The company is hitting off...
The Need for Climate Tech
For many years now, human beings are solely responsible for bringing about climatic changes. These climatic changes are responsible for global warming. All these factors are adversely affecting our planet and in this technological era, it is high time we rope in technology for altering...
LA-situated gaming studio Scopely raises $200M at a $1.7B valuation
The Los Angeles-situated mobile game development studio Scopely has enhanced into America’s latest unicorn. This is all thanks to a $200 million investment, which considers the company at a whopping $1.7 billion. Information About The Investment Scopely stated it would use the money to maintain...
Sony to Shut Down PlayStation Vue on January 30, 2020
Sony’s live TV streaming assistance, PlayStation Vue, is closing down. The service will no longer be accessible as of January 30, 2020, the company had announced. Sony’s Attempt To Save The Service The news arrives only days after rumors reported claimed that Sony was in...
