Snap Inc. revealed that their increasing number of daily users from past months is slowing down While there are many businesses and various industries that suffered the pandemonium that the coronavirus outbreak has brought, there are other companies who are more than striving, thanks to services dedicated to cater demands from homes. Snapchat, the camera filter-slash-multimedia sharing platform, is starting to see a slowdown in their increasing user base. Increase in Subscribers Snapchat, a multimedia messaging app, reported an increase in its number of active users on the first quarter, when compared on the same timeframe from last year. March…
Author: Sam Arnold
Sam Arnold
Arnold is a senior British tech reporter at Tekrati. Before joining Tekrati, Arnold worked as an editor for his University Newspaper, writing sharable content for a student audience. Sam loves movies, running, and anything written by Oliver Sacks. The drink he chose is tea, which he does not recommend in large quantities.
Chevron announced acquisition of Noble Energy for $13b, making one of the biggest since COVID-19 Chevron has confirmed on Monday it is buying oil and gas company Noble Energy for $13 billion, inclusive of the debt assumed at $8 billion. The global energy corporation is led by Michael Wirth. Outbidding Chevron on 2019 Last year, Vicki Hollub the first woman to be CEO of a major energy company Occidental Petroleum and one of Chevron’s competitors, managed to snatch away from Wirth Anadarko Petroleum. The Hollub-led hydrocarbon company managed to outbid Chevron, a company five times bigger than them. It was…
California’s Labor Commissioner’s Office slapped Uber and Lyft with lawsuits for depriving drivers’ employee benefits Ridesharing technology services companies Uber and Lyft are being sued over allegations of violating California’s labor law. Misclassification of Drivers On Wednesday, the Labor Commissioner’s Office in California has announced that it is suing Uber and Lyft separately. This was over allegations of wage theft among the two companies by claiming that their drivers are “independent contractors.” This misclassifying move is said to deny their employees of several legal protections, according to the lawsuit. https://twitter.com/LorenaAD80/status/1291471175827111936 In a statement, California Labor Commissioner Lilia-García-Bower said: “The Uber…
Former Disney executive Andy Bird will be the next CEO of British publisher Pearson. International education publishing firm Pearson PLC on Monday announced their newest CEO—former Disney executive Andy Bird. The new leadership will take effect on October 19, the time his predecessor John Fallon, incumbent chief, will exit the post. Leader Shift The London-based education publisher also announced that its current CEO Fallon will remain with the company as advisor for the rest of the year upon his step down. Meanwhile, Pearson also noted that Bird is a non-executive director at the company. He was appointed to the board…
WarnerMedia’s CEO shakes up company leadership to reorient around HBO Max. WarnerMedia’s chief executive Jason Kilar is restructuring the company as part of their efforts to strengthen its streaming platform, HBO Max. Kilar became the entertainment giant’s top head last May. He was previously CEO and founder of Hulu. Leadership Reorganization HBO Max Meanwhile, general manager for HBO Max Andy Forssell climbs rank to oversee a newly formed operating business unit for HBO Max, per an internal memo. Forssell’s team will oversee “the product, marketing, consumer engagement and gobbal rollout.” https://twitter.com/WSJ/status/1291849147776151552 Also part of its leadership overhaul, top executives are…
Uber and Lyft may likely stop operating in California after a court ordered them to reclassify their drivers as “employees.” Ride-hailing companies Uber and Lyft may suspend their operations in California. This came as the two firms are facing lawsuits over allegations of misclassification of their drivers. Alleged ‘Misclassification’ Recently, the two tech companies were at the other end of a lawsuit filed by the state’s Labor Commissioner. This was over allegations of wage theft among the two companies by means of labeling their drivers as “independent contractors.” With this alleged misclassification, added benefits like paid rest periods are not…
Nintendo has reported massive increases in sales this year, with millions of people buying hardware and games, despite the pandemic. The COVID-19 pandemic keeps giving. For Nintendo, the pandemic means a leap in profits by more than 240%. Since more people are at home, they have nothing else to do but work, watch Netflix, and play video games. Nintendo Profits Kotaku reports that Nintendo’s year-on-year net sales have jumped by 73.3%. On the other hand, the company’s net profit spiked by 243.6%, which netted Nintendo 213 billion yen ($2 billion). https://twitter.com/Kotaku/status/1324396102007750656?s=20 Nintendo Sales Millions of consumers also bought Nintendo’s hardware…
Xenia Mateiu is the founder and owner of the Village Rock Shop, located in Carlsbad, CA. She moved to the San Diego area 13 years ago and now Carlsbad is her home and community, where she and her husband raise their 6-year-old son. Before she built up her own business, Xenia worked in retail, in a management position. Although exploring the world of crystals and minerals is her premier passion, she is also a passionate photographer and Ayurvedic practitioner. She invested a lot of time, energy, and dedication in her small business, aiming to share with others her passion for…
Morgan Stanley analysts are suggesting that Apple’s stock may still have room to grow. Apple in August had surpassed the $2 trillion valuation mark. It is the first American company to reach such a milestone. However, analysts from Morgan Stanley reckon that the tech giant remains undervalued, per a Forbes article. This stance is quite in contrast to what other experts think, who were worried whether the share rise is too quick. Morgan Stanley Says Not as Expensive as Peers Earlier last month, Apple’s CEO Tim Cook surpassed the $1 billion mark on his estimated wealth. And then, later on,…
Waymo has moved its fleet of self-driving cars out of San Francisco, as the company expects protests and chaos around the 2020 elections. This year’s election has forced Waymo to get out of San Francisco. For fear of election unrest, the company has begun pulling out its fleet of self-driving cars from the city. Waymo Pullout The Verge reports that Waymo plans to pause its AV operations in San Francisco on Tuesday and Wednesday. For now, the company plans to move its fleet to Mountain View. At Mountain View, Waymo would park its cars in a “secured location.” In an…