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Archivo del Autor: Belen De Leon

Apple-Qualcomm settlement led to Intel's exit from 5G phone modem market – CNET

Chip giant’s CEO tells the Wall Street Journal that the decision was directly related to the settlement.
Source: CNET

Amazon beats optimistic profit expectations for Q1

Amazon announced today that it has beat Wall Street’s already optimistic Q1 projections. The e-commerce giant’s revenues have slowed a bit, contributing to moderate fluctuations in after-hours trading, but the company greatly benefits by ever-increasing profit margins.

Net income for the quarter hit $3.6 billion, a new record for the company. Much of those inflated margins can be chalked up to online services, including advertising and, most notably, cloud services through AWS.

The earnings report demonstrates just how much the site has diversified its portfolio, with earnings that now include results from Whole Foods, which Amazon absorbed last year. The grocery store chain has seen the impact of multiple rounds of price cuts since becoming a part of Amazon, though growth on that side is slow compared to the company’s cloud offerings.

Jeff Bezos took the opportunity to note the company’s increased investment in education. Amazon’s been pushing to highlight its softer side of late, as it has been the target of negative publicity over working conditions in its fulfillment centers and has since shuttered plans for opening an HQ2 in Queens.

“The son of a working single mom, Leo Jean Baptiste grew up speaking Haitian Creole in a New Jersey home without internet access. He’s also one of our inaugural group of 100 high school seniors to receive a $40,000 Amazon Future Engineer scholarship and Amazon internship,” he said in a statement. “Our passion for invention led us to create Amazon Future Engineer so we could help young people like Leo from underrepresented groups and underserved communities across the country.”

It’s a rosy picture for a company that’s been killing it on earnings, though the company was less bullish when it comes to Q2 as its growth has been slowing. Amazon offered guidance of as much as $1.6 billion below Wall Street’s $4.2 billion expectations. As CNBC notes, that could well point to the company’s intentions of making additional investments going forward.


Source: TechCrunch

T-Mobile racks up more customers as it awaits fate of Sprint merger – CNET

The company says it’s had one of its best quarters yet.
Source: CNET

Twitter CEO Jack Dorsey called Rep. Omar over Trump tweet – CNET

The conversation focused on the decision to leave up a tweet that’s led to a flood of threats against the Muslim congresswoman, The Washington Post reports.
Source: CNET

Instagram's Newest Star Is … a Tree?

Tentree’s Instagram post about planting trees has gone viral. But as with any celebrity’s carefully orchestrated photo, the reality is much more complicated.
Source: Wired

Google knocks $200 off Pixel 3 and Pixel 3 XL – CNET

Right now you can get the Pixel 3 for $599 and the Pixel 3 XL for $699.
Source: CNET

People try the Galaxy Fold for the first time video – CNET

Their reactions range from impressed to dubious.
Source: CNET

Movie subscription service Sinemia is ending US operations

Over the past few months, Sinemia has gone from promising MoviePass competitor to the source of frustration for moviegoers across the country. After rumors surfaced earlier this week that it would be backing away from its troubled subscription-based movie ticket offering, it posted official word tonight that it will be shutting down operations in the U.S.

“Today, with a heavy heart, we’re announcing that Sinemia is closing its doors and ending operations in the US effective immediately,” the company writes in a statement posted to its front page.

The service has also struggled with issues of monetization (not unlike MoviePass), leading onlookers to wonder ultimately how sustainable the subscription model is. Those issues have been coupled by increased competition from movie theater chains like AMC offering up their own services, even as Sinemia attempted to create a white label version for theaters.

In recent months, the company has been plagued by lawsuits from both MoviePass and moviegoers, the latter of whom took issue with app problems, hidden charges and policies of shuttering accounts.

“While we are proud to have created a best in market service, our efforts to cover the cost of unexpected legal proceedings and raise the funds required to continue operations have not been sufficient,” the company writes. “The competition in the US market and the core economics of what it costs to deliver Sinemia’s end-to-end experience ultimately lead us to the decision of discontinuing our US operations.”

Sinemia has expressed surprise at the breadth of negative reactions its received from users. In a recent interview CEO Rifat Oguz told TechCrunch, “We are taking it seriously. We are looking at every comment. We didn’t found the company a year ago. It started about five years ago. We are taking every negative comment very seriously.”

To that end, the company has set up multiple sites aimed at addressing user problems. Ultimately, however, operations were just not sustainable here in the States. The note doesn’t clarify whether the service will continue to operate abroad in places like the U.K., Canada, Australia and Turkey, where much of its staff is currently based. Nor is it clear when the end of operations in the U.S. will mean for those customers who are owed money on their accounts. From the note, however, it does sound as if active accounts will be terminated immediately.

We’ve reached out for additional clarification.


Source: TechCrunch

Uber will reportedly seek up to $90 billion valuation in IPO

Uber is reportedly looking to sell shares between $44 to $50, aiming to raise $8 to $10 billion in the offering. This would value the company between $80 billion to $90 billion, Bloomberg reports.

Previous reports had pegged Uber’s valuation at around $120 billion. Still, that valuation is higher than its last valuation of $76 billion following a funding round.

It’s likely this decrease in valuation is influenced by Lyft’s performance on the public market. Since its debut on the Nasdaq, Lyft’s stock has suffered after skyrocketing nearly 10 percent on day one.

While Uber has yet to officially set the terms of its IPO, the company is reportedly expected to do so as early as tomorrow. Even if Uber seeks the low end of the expected range, it would be more than three times the amount of Lyft’s $2.34 billion IPO. It would also make Uber’s IPO the largest one in the U.S. since Alibaba’s in 2014.

In 2018, Uber reported 2018 revenues of $11.27 billion, net income of $997 million and adjusted EBITDA losses of $1.85 billion. Uber, which filed for its IPO two weeks ago, is expected to list on the New York Stock Exchange in May.


Source: TechCrunch

Trump Evicts Tech Workers, Avengers Return, and More News

Catch up on the most important news today in 2 minutes or less.
Source: Wired

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