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Business, Financial & Legal Posts - Page 9

Reddit Interim CEO Ellen Pao quits

By: Ben Gourlay | More News: Business, Financial & Legal | Posted: Jul 10, 2015 11:44 pm

Internet message board reddit are looking at putting the the self styled "front page of the internet" back on a path of stability, after the resignation of interim CEO Ellen Pao and installation of founder Steve Huffman back in the role.




The brief, but controversial tenure of Ellen Pao has seen allegations of censorship by the community, as well as a communication style which grated against voluntary moderators, which culminated in dozens of sub reddits closed in response to the firing of Director of Communications, the popular staffer Victoria, who co-ordinated the sites 'AMA' pages (Ask Me Anything, for those not in the know).


A petition to oust Pao saw over 200,000 signatures collected, but with the membership of the popular site imploding, her position ultimately became untenable.

Facebook reiterates it has 'no plans to go into music streaming'

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 10, 2015 10:40 am

Music Ally reported that Facebook was interested in entering the streaming music subscription business, competing against Google, Spotify and Apple, but the social network has come out and squashed those rumors.




"We have no plans to go into music streaming" said a Facebook spokesperson, where instead the social network is reportedly working on something unique and new. Music Ally reports that the new service could be a video sharing service, something that would compete directly with YouTube.


Facebook's purported video streaming service would offer up YouTube-like Content ID matching, competitive stream rates, and we're sure that it will feature music streaming, too. An insider source told Music Ally: "We have all been really utilizing it in internal testing. It is way, way ahead of YouTube".

Gamer drugged his girlfriend so he didn't have to stop playing games

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 9, 2015 2:14 am

What do you do when your girlfriend is coming home from work and you don't want to stop gaming? You slip something into her tea, knocking her out, so you don't need to stop gaming - right?




This is what a 23-year-old German gamer did to his girlfriend, after she had gotten home from a 10-hour shift at work. The addicted gamer said: "I only put four or five drops into her tea". This knocked her out from 10pm, through the night to 12pm the next day, and even when she woke up, the effects of the drugs had her falling asleep on and off throughout the next day.


She told the court that her then boyfriend had admitted what he had done to her, which caused her to break up with him. The judge on the case fined the man $746, and said: "Your girlfriend slept long and deeply, which didn't harm her, but this is certainly a premeditated bodily harm". The boyfriend admitted that his act "was stupid" and that he was now "on a straight path" towards an apprenticeship.

Logitech is now known as 'Logi', and it's not even April Fool's Day

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 8, 2015 8:48 pm

Logitech has just announced that it has changed its name, which is quite the shock, as it feels so sudden. From here on out, Logitech is now known as "Logi". Why? Because "tech is everywhere".




Logi's VP of Brand Development, Charlotte Johs, told Gizmodo: "Tech is in the air you's in your the future, 'tech' doesn't say anything". But where did the name 'Logi' come from? Johs says that it is thanks to its most popular product, the Boom series of Bluetooth speakers, as it is the company's first Logi-inspired piece of tech.


The Logitech name won't be disappearing instantly, with the Logitech brand staying on products like mice, keyboards, and speakers - at least, for now. Logi will be the name that will be used for products as we move into the future.

Microsoft culls a huge 7,800 jobs globally, mostly from phone business

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 8, 2015 1:59 pm

Microsoft has just announced that it is cutting a huge 7,800 jobs from its phone business, while it also writes off $7.6 billion in relation to its acquisition of Nokia's Devices and Services Division. Considering Microsoft paid $7.2 billion for Nokia's phone business last year, this is quite the check to write.




Satya Nadella, Microsoft CEO, explains: "We are moving from a strategy to grow a standalone phone business to a strategy to grow and create a vibrant Windows ecosystem including our first-party device family. In the near-term, we'll run a more effective and focused phone portfolio while retaining capability for long-term reinvention in mobility".


Keep in mind Nadella said back in April that there would be 18,000 job cuts in the next 12 months, these additional 7,800 job losses will add up to over 25,000 employees laid off by Microsoft in just over a 12-month period.

Sony says it will 'never ever sell or exit' the mobile industry

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 8, 2015 7:41 am

With Samsung losing steam, and HTC on the verge of collapse, we could see Sony become the new hero of Android. Sony Mobile President & CEO Hiroki Totoki has said that the company has no plans to sell of its mobile business, nor will it exit the mobile market anytime soon.




Totoki talked with Arabian Business recently, where he said: "Smartphones are completely connected to other devices, also connected to people's lives - deeply. And the opportunity for diversification is huge. We're heading to the IoT (Internet of Things) era and have to produce a number of new categories of products in this world, otherwise we could lose out on a very important business domain". He added: "In that sense we will never ever sell or exit from the current mobile business".


With the news of the Xperia Z5 to come out later this year, we could see Sony really turn around its mobile business and start dominating markets where Samsung is slipping.

Facebook to outfit 50% its data centers with renewable energy by 2018

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 8, 2015 5:38 am

Facebook hasn't just announced its new Fort Worth, Texas-based data center, but it has also said that it plans to power 50% of its data centers with renewable energy by 2018.




The new Fort Worth-based data center is 100% powered by wind energy, but the new plan of 50% of its data centers being green is good to see, especially when we think that the social networking giant wants to see 25% of its data centers powered by renewable energy by the end of the year.


In the end, Facebook wants to see all of its data centers powered by renewable energy, so it has quite the task ahead of them. The company has worked with Citi Energy, Starwood Energy, and Alterra Power in order to deliver a 17,000 acre wind farm online for its new Fort Worth data center, which will see 200MW of energy pumped into Texas.

Samsung profits expected to fall short, even with Galaxy S6 release

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 8, 2015 4:39 am

Even with the release of two flagship smartphones, Samsung is expecting its operating profits to be down this quarter. The company expected to make $6.3 billion for the three-month period, but will most likely end up wrapping up the quarter with $6.1 billion instead.




This is a 4.2% drop to the same period of 2014, but it represents the seventh straight quarter in a row that Samsung has had profit drops, where it is finding it hard to compete against Apple in the high-end market, and Chinese rival Xiaomi in the low and mid-range markets. The Galaxy S6 was meant to represent a big change for Samsung, and while the Galaxy S6 and Galaxy S6 edge were received well by reviewers and consumers, it doesn't look like it was enough to pull Samsung's profits up.


Samsung expected the normal Galaxy S6 to sell four-to-one units compared to the S6 edge, but the S6 edge ended up being the most-wanted out of the two, leading Samsung into shortages. Before it could produce more handsets, stock shortages started happening, which led to Samsung losing many more sales than it could've had. Now the company has more S6 units on hand than it wanted, and can't get them out of the door quick enough, leading the company with the possibility of reducing the price on the S6 to boost sales.

AMD financials continue to decline, even with the launch of Fury X

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 7, 2015 6:40 am

AMD has launched its new first flagship video card in nearly two years, the Radeon R9 Fury X, and even still it's looking down the barrel of yet another quarter of disappointing financial results.




The chipmaker is expected to announce its Q2 results on July 16, with numbers that are said to be lower than even the worst estimates by analysts. AMD's Q2 sales have reportedly underperformed the worst estimates by analysts, and that investors are to expect revenue to be down 8% sequentially.


AMD's total revenue for Q1 was $1.03 billion, down 26.3% from the same period of 2014. If AMD's Q2 results are lower than this, in the $950 million mark, it would be a drop of around 34% from Q2 2014. Why? Well, according to AMD it's because of "weaker than expected consumer PC demand" but with AMD's dropping market share in the discrete GPU market, and NVIDIA securing a large chunk of it after it launched its GeForce GTX 980 late last year, I'd say it was the lack of any new products that saw sales slump, for AMD at least.

Duran Duran: Streaming music 'is the way forward for the future'

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 6, 2015 9:35 pm

Rock band Duran Duran recently described streaming music sites as "the way forward" but it's up to services to find the right balance in monetary support. Of course, the group also recently received the Spotify Lifetime Achievement award during the O2 Silver Clef Awards.




"I think music streaming is the way forward for the future," said Nick Rhodes, Duran Duran keyboardist, in a statement published by the Irish Examiner. "There are a lot of great sites that provide an amazing service to the public, and it's brilliant that music can be accessed like that. They need to sort out the deals properly for all artists and then we'll all be happy."


You can find music from Duran Duran on Spotify and other streaming services.

Continue reading 'Duran Duran: Streaming music 'is the way forward for the future'' (full post)

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