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Business, Financial & Legal Posts - Page 3

Netflix is home to 83 million subscribers, growth is slowing though

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 20, 2016 2:40 am

Netflix is currently home to 83 million subscribers, adding only 160,000 subscribers in the US and 1.52 million across the world since April.

 

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The company has said that the slow growth is a result of the increase in churn, which could be due to the fact that they ended grandfathered plans for loyal Netflix subscribers. Back in April, Netflix predicted it would have 2 million more international subscribers, and 500,000 in the US - but it has missed that by quite a lot.

 

Netflix pulled in $2.11 billion in revenue over the quarter, which is what analysts expected from the streaming giant. Investors now want to feel safe with their investments into Netflix, where they want to see continued growth - especially in a world with that changes so quickly. Netflix has some massive shows on its roster like House of Cards and Orange is the New Black, but the new Star Trek deal could become quite a big one in the years to come, too.

Uber has over 2 billion rides, with 1 billion in the last 6 months

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 19, 2016 7:32 am

Uber has hit a new milestone, with over 2 billion rides through its app - which is pretty crazy considering the ride-sharing giant had 1 billion rides just 6 months ago now.

 

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The company added $4.7 billion to its war chest a few weeks ago, reports Reuters, with the 2 billionth ride milestone reached on June 18. It took Uber around 6 years to hit the first 1 billion rides, but only 6 months to rack up another 1 billion rides.

 

Uber has been spending money on recruiting drivers and passengers, thanks to the huge $13 billion in funding it received from investors. Uber boss Travis Kalanick said that there were 147 simultaneous Uber rides at the exact same second in 16 countries on June 18, all tying for the 2 billionth trip. Uber is bleeding $1 billion per year in order to compete against its rivals, but the company operates in 450 cities across the world right now.

 

Right now, Uber is valued at $62.5 billion - after it received a $1.15 billion leveraged loan that allows the company to enjoy the low interest rate, while keeping its venture capital backers happy that it's not diluting their equity.

Opera selling browser business to Chinese buyers for $600 million

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Jul 18, 2016 8:35 pm

Following a failed $1.2 billion takeover of Opera Software by a group of Chinese internet firms, the company has decided to instead attempt to sell off parts of its business to get around US government concerns over privacy.

 

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The new deal -- which is still pending approvals from authorities -- proposes $600 million for its browser business, performance and privacy apps division, technology licensing business, and its investment in Chinese joint venture nHorizon, which the group in question (Kunqi) has agreed to.

 

Opera will retain its advertising and marketing business, TV operations, and game-related apps.

Continue reading 'Opera selling browser business to Chinese buyers for $600 million' (full post)

Seagate to slash over 8000 jobs in the next 12 months

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 14, 2016 11:47 am

Seagate is the latest company to announce massive layoffs, with the HDD giant set to slash another 6500 jobs across its workforce in the US, Asia and EMEA regions.

 

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The new culling over at Seagate represents around 14% of its global workforce, which will join the 1600 people being let go as part of its restructuring plans announced last month. Seagate is set to save around $164 million from the layoffs, but it's also expected to lower its expenditures going into the future.

 

Seagate has also recently said it will be reducing its manufacturing capabilities, from around 55-60 million HDDs per quarter, to just 35-40 million per quarter. The company hasn't said how it will be reducing its manufacturing capabilities in detail, so we should expect to hear more news on that front in the near future.

Continue reading 'Seagate to slash over 8000 jobs in the next 12 months' (full post)

Sharing your Netflix password is now a crime

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Jul 11, 2016 5:32 pm

Sharing one's Netflix password with a family member or friend is a somewhat common practice, but a new ruling by the United States Court of Appeals for the Ninth Circuit has rendered it a prosecutable crime under the Computer Fraud and Abuse Act (CFAA). The ruling pertained to large, serious crimes that threaten security and privacy of company data, but has residual effects on common users, potentially including those who share passwords of any kind.

 

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Ninth Circuit judge Stephen Reinhardt opposed the ruling, saying it could turn thousands into "unwitting federal criminals" and that it "loses sight of the anti-hacking purpose of the CFAA, and... threatens to criminalise all sorts of innocuous conduct engaged in daily by ordinary citizens."

Nintendo stock increases 23% riding the insane success of Pokemon GO

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 11, 2016 6:33 am

Pokemon GO is really blowing up all over the world, with Nintendo stock enjoying a sharp rise of 23% in the last few days.

 

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Nintendo's stock hasn't performed this well since August 2015, and while it isn't as strong as it was back when the Japanese gaming giant launched the Wii, Nintendo stock is up 36.3% since Pokemon GO launched not even a week ago.

 

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The daily active users (DAU) playing Pokemon GO is incredible, and by incredible - we mean it's at the levels of the DAU of Twitter. Yeah, you know - the world's second largest social network. Pokemon GO is now rivaling Twitter for daily active users. These numbers are freakin' amazing.

Bitcoin's new anti-inflation code means twice the work, same profits

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 10, 2016 12:28 pm

Bitcoin mining just got harder, with Reuters reporting that the digital currency system now has new anti-inflation code, which makes mining Bitcoins twice as long.

 

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Previously, the reward for Bitcoin mining would be 25 bitcoins ($16,000 or so) being mined every 10 minutes, but that now takes 12.5 minutes. The measure automatically starts every four years in an attempt to stop inflation that many miners are worried about, especially with quicker and quicker computers mining Bitcoins, outpacing desktop PCs.

 

Dedicated miners are going to be pissed, as they'll need to work twice as hard to get the same money from bitcoins, and then the hardcore/professional bitcoin miners might to rethink their entire business.

Sega continues strategy genre push, acquires Endless Space developer

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Jul 5, 2016 6:25 pm

Sega is cementing itself as a premiere PC strategy game publisher with its acquisition of Endless Space developer Amplitude Studios today. The company already owns Total War developer Creative Assembly (CA) and as of more recently, Dawn of War developer Relic Entertainment.

 

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The studio commented on the deal on Amplitude community site Games2Gether.com, noting its relief in not having to deal with sales and marketing anymore.

 

"What we want to do is to focus on making games; that is why we created Amplitude. But with the pressure on sales and marketing we found that more and more time was dedicated to everything else - everything that we didn't have the size and scale to deal with. So we decided to look for the best partner we could to protect us from these distractions so that game development did not become a chore, but remained a passion."

Continue reading 'Sega continues strategy genre push, acquires Endless Space developer' (full post)

AMD acquires HiAlgo which works on dynamic resoution scaling, and more

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 1, 2016 8:06 am

When AMD flew out the technology press to Macau for its huge unveiling of the Radeon RX family, including the Radeon RX 480 which we reviewed yesterday, one of the more exciting things was something I couldn't talk about... until now.

 

 

AMD teased that it had acquired HiAlgo, and while HiAlgo sounds like some random little company of no significance - it is of the utmost significance when you begin putting the pieces of the puzzle together. First off, what does HiAlgo do? HiAlgo, as it explains on their website; "developers apps for 3D games that improve [the] gaming experience". There are three different products HiAlgo has created; BOOST, CHILL, and SWITCH.

 

BOOST is a utility that HiAlgo says will make your "gameplay smoother, with smaller lag" during those intense moments. BOOST will lower the rendering resolution which in turn, improves the performance of the game. CHILL is a smart framerate limiter that prevents both the CPU and GPU from hitting its maximum temperature, while at the same time it saves power and provides a few additional minutes of battery life to your gaming notebook. SWITCH on the other hand is very interesting, as it allows you to change the game resolution from 100% to just 50% with a single push of the button, providing an instant performance boost.

Continue reading 'AMD acquires HiAlgo which works on dynamic resoution scaling, and more' (full post)

Woman wins $10,000 in forced Windows 10 upgrade case

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Jun 27, 2016 4:31 pm

While Windows 10 is a fine operating system, it's drawn a lot of ire from those not yet ready to upgrade to it (and even some from those who have) in light of Microsoft's aggressive tactics. Late last week, there was a win for the people when California resident Teri Goldstein sued Microsoft when her failed Windows 10 upgrade reportedly rendered her system unusable and customer service couldn't help her. Goldstein won the case and was granted $10,000 for lost time and the cost of a new system.

 

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While $10,000 is chump change to Microsoft, the win provides a precedent for potential future cases.

 

The software giant appealed the initial judgment but later dropped it, which it claims was to avoid the expense of further litigation (no doubt increased exposure was a concern as well).

Continue reading 'Woman wins $10,000 in forced Windows 10 upgrade case' (full post)

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