TweakTown
Tech content trusted by users in North America and around the world
6,008 Reviews & Articles | 38,762 News Posts

TweakTown News

Refine News by Category:

Business, Financial & Legal Posts - Page 63

RumorTT: PS4 problems stemming from possible sabotage at Foxconn

Well, the small number of PS4s that are experiencing issues could be the result of interns at the Foxconn manufacturing plant in Yantai, China, sabotaging it. Yes, sabotage!

 

TweakTown image news/3/3/33951_02_rumortt_ps4_problems_stemming_from_possible_sabotage_at_foxconn.jpg

 

The news broke on the IGN forums, but the forum was eventually locked. This particular manufacturing plant has hit the news headlines before, from the mistreatment of staff, and more. The intern notes that because Foxconn didn't treat them well, they sabotage the manufacturing of the PS4. The intern said: "The ps4 console we assemble can be turned on at best."

 

This would explain some of the issues some owners are experiencing, but if this is true, those interns are going to be in quite a lot of trouble with Foxconn.

HTC looking at changing its global PR, wants to swing things around

HTC continues to hit road bumps, but the Taiwanese smartphone manufacturer is hoping to swing things around, as it looks into its global public relation efforts.

 

TweakTown image news/3/3/33945_06_htc_looking_at_changing_its_global_pr_wants_to_swing_things_around.jpg

 

The news is coming from a report by the Advertising Age, who says that HTC is looking into some of the world's largest PR firms, including Waggener Edstrom, and more. The company is looking to better position itself in the market in the mindset of its customers. This should be big news, considering the company saw its head of global public relations retire.

 

Once its head of global PR retired, HTC's chief marketing officer filled his shoes, which is where we saw the Robert Downey Jr.-starring ads begin to roll out. It should be interesting to see where this leads the company, and whether it will help stem the losses it has posted lately.

Candy Crush has a user base of over 500 million, next step: IPO?

Just how many people play Candy Crush? Over 500 million... yes, half a billion people are playing Candy Crush, a mind-blowing number. Then we have an upcoming IPO that will reportedly hit soon from developer King.

 

TweakTown image news/3/3/33943_04_candy_crush_has_a_user_base_of_over_500_million_next_step_ipo.jpg

 

With those 500 million users, how many games of Candy Crush have been played? A massive 150 billion individual games to date - just mammoth numbers. King sees over 1 billion gameplays daily, which is gigantic for a game that has been out for a year - and because of this - King is celebrating Candy Crush's first birthday.

 

Rewind back to February, and King was seeing 9 billion gameplays per month across all of its titles, including games like Bubble Witch Saga and Pet Rescue. So putting things into perspective, King has moved from 9 billion gameplays per month across all its titles, to 1 billion gameplays daily of Candy Crush alone.

RumorTT: Google offered $4 billion to Snapchat, which was turned down

It was only a few days ago that we reported that Snapchat refused a $3 billion acquisition offer from Facebook, but now unnamed sources of Valleywag have said that Google offered the company $4 billion, which it also turned down.

 

TweakTown image news/3/3/33942_03_rumortt_google_offered_4_billion_to_snapchat_which_was_turned_down.jpg

 

The same sources say that Snapchat is going to wait until next year to raise funds, because it wants to increase the number of photos its users share each day to more than the number of photos shared through Facebook each day. If this does happen, the valuation will be exponentially more, which will make the current $3 and $4 billion offers feel like nothing. If it were me, I'd be happy with $4 billion...

Apple is under investigation in Italy for $1.3 billion in tax fraud

Apple is in trouble with Italian authorities, to the tune of $1.3 billion of alleged tax fraud. The Italian government believes that the iPhone maker has tucked away, hidden from the Italian tax authority and investigators in the country.

 

TweakTown image news/3/3/33901_01_apple_is_under_investigation_in_italy_for_1_3_billion_in_tax_fraud.jpg

 

Reuters is the one with the report, where they said: "The maker of the iPhone is the latest prominent corporation to become the target of a tax probe in Italy amid a global crackdown on tax cheating by multinationals. In Italy, where tax authorities have become more aggressive in their dealings with global companies, fashion designers Domenico Dolce and Stefano Gabbana were handed in June a 20-month suspended prison sentence and a heavy fine for hiding hundreds of millions of euros in unpaid taxes. Both deny any wrongdoing."

RumorTT: Facebook tried to acquire Snapchat for $3 billion

Facebook has reportedly offered Snapchat a nice $3 billion to acquire the picture-sharing startup, but Snapchat refused the deal. The reason for the decline is that Snapchat is currently enjoying multiple companies bidding for them, which is a great reason, isn't it?

 

TweakTown image news/3/3/33895_06_rumortt_facebook_tried_to_acquire_snapchat_for_3_billion.png

 

Considering Facebook paid - at the time a huge $1 billion for Instagram, this isn't chump change by any measure. But, Snapchat is also huge, as it is one of the most popular messaging apps over mobile devices right now. The social network reportedly put another bid in previously, at $1 billion, so an increase to $3 billion shows just how powerful the messaging application is.

 

There are around 350 million messages sent per day through Snapchat, just to give you an idea of how big it is.

Google's ad revenue demolishes newspaper, magazine industries

Google is a gigantic company, a company that pretty much just prints its own money from advertising. Well, according to Business Insider's Henry Blodget, Google's yearly ad revenue has soared - and has overtaken both the magazine and newspaper industries.

 

TweakTown image news/3/3/33868_06_google_s_ad_revenue_demolishes_newspaper_magazine_industries.jpg

 

If you look at the graph above, you can see that Google wasn't making that much money from ads in 2004... but each year sees a massive increase in profits made, and each year that Google makes more and more profits, the magazine and newspaper industries take an even bigger hit. Sure, back in 2004, the US newspaper industry was doing great business, but that has been knocked down, considerably.

 

If Google can keep at this pace, it will demolish the newspaper and magazine industries' profits in just a few years time.

Microsoft promotes teamwork, gets rid of its employee-ranking system

For years Microsoft has used a employee ranking system. Which former employees at Microsoft say the ranking system was competitive. CEO Steve Ballmer is trying to make Microsoft a more team like environment ahead of his retirement.This new system is going to be a big change for employees at Microsoft.

 

TweakTown image news/3/3/33870_12_microsoft_promotes_teamwork_gets_rid_of_its_employee_ranking_system.jpg

 

Microsoft HR chief Lisa Brummel mentions in the memo-"This is a fundamentally new approach to performance and development designed to promote new levels of teamwork and agility for breakthrough business impact"

Continue reading 'Microsoft promotes teamwork, gets rid of its employee-ranking system' (full post)

Smartphone sales expected to boom to 5.6 billion units in 2019

If I was to look around my desks where I'm typing this news, I have a Nexus 5, LG G2, and both Nexus 7 tablets - last years model, and this years - I'm a tech addict like most of you out there. But just how many smartphones are out in the wild right now? Around 1.9 billion, which is expected to blow out to a huge 5.6 billion devices in 2019.

 

TweakTown image news/3/3/33844_07_smartphone_sales_expected_to_boom_to_5_6_billion_units_in_2019.jpg

 

5.6 billion smartphones is a mammoth number, with the estimation coming from communications technology company, Ericsson. According to Ericsson's latest quarterly report, 55% of all handsets sold worldwide were smartphones, even though smartphones represent just 25-30% of all active mobile phone subscriptions.

 

But, over the next 6 years, we should see smartphone adoption hitting 60% of all mobile phone subscriptions. This means that of the 9.3 billion phones in use by 2019, 5.6 billion (or over half) of them will be smartphones. The biggest reason for this is going to be the emerging markets like China and India, and I personally think another big push is going to be Android 4.4 KitKat, which has much lower minimum requirements - which will push smartphone technology into cheaper smartphones, and help drive sales in emerging markets, in droves.

Twitter shares down 4-percent on day 2, OCZ back up to $0.85

After a first day of trading that can only be called a smashing success, Twitters stock price has saw a slight dip in trading on Friday. Yesterday the stock opened at $45.10 per share with an initial transaction for more than 11 million shares, but the market has been less kind to Twitter today with the stock hovering around $42 per share all day.

 

TweakTown image news/3/3/33802_1_twitter_shares_down_4_percent_on_day_2_ocz_back_up_to_0_85.jpg

 

While a five percent drop in price on the second day of trading may seem like a big deal, this was actually expected by many market analyst, and is not an uncommon event for newly listed companies. The real tell tell signs will come next Thursday and if the stock has managed to stay in the $40-45 or higher range.

 

While we are on the subject of the financial markets, you might remember that earlier this week, OCZ, saw its stock take a nosedive towards the bottom. With the release of a new SSD that has been met with good reviews, it appears that some investors have renewed confidence in the SSD manufacturer. Today the stock is up around $0.85 per share which represents a rebound of over 90-percent since Tuesday.

Continue reading 'Twitter shares down 4-percent on day 2, OCZ back up to $0.85' (full post)

Latest Tech News Posts

View More News Posts
Check out TweakTown Polls on LockerDome on LockerDome

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases