Netflix Q3 incomes surpass estimates, despite failing US subscriber growth
Netflixā€™s Q3 business report has given the companyā€™s stock a lift in after-hours trading, with earnings significantly surpassing analyst expectations. The streaming giant announced profits of $5.24 billion, up 31% year-over-year and more or less in order with the predictions of $5.25 billion.Ā More impressively,...
Twitch appoints ex Zynga exec Doug Scott as the chief marketing officer
Amazon-owned game streaming service Twitch has announced that it has snagged Zyngaā€™s chief marketing officer, Doug Scott, to join as its CMO. The Story of Doug ScottĀ At Zynga, Scott managed global marketing for merely over three years.Ā Earlier to that, he was CMO at...
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.Ā The news was published on Monday morning and was accompanied by a small dip in Netflixā€™s stock...
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 SAPā€™s CEO
Introduction 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...
Streaming Service Quibi: $150M Ad Inventory Sold in the First Year
Jeffrey Katzenbergā€™s mobile-only streaming service Quibi has not even started, yet it has already sold out of its $150 million first-year advertisement inventory.Ā The service, which debuts in April 2020, combines new advertisers like Discover, General Mills, T-Mobile, and Taco Bell. They join Quibiā€™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.Ā 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, Dunkinā€™ & Wendyā€™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.Ā How Does it Work? The company is hitting off...
LA-situated gaming studio Scopely raises $200M at a $1.7B valuation
Introduction The Los Angeles-situated mobile game development studio Scopely has enhanced into Americaā€™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...
Sony to Shut Down PlayStation Vue on January 30, 2020
Sonyā€™s live TV streaming assistance, PlayStation Vue, is closing down.Ā The service will no longer be accessible as of January 30, 2020, the company had announced.Ā Sony’s Attempt To Save The Service The news arrives only days after rumors reported claimed that Sony was in...
