Facebook’s Instagram Could Generate Nearly $9 Billion in Sales This Year
Facebook’s (NASDAQ: FB) billion-dollar acquisition of Instagram in 2012 seemed utterly insane at the time. The photo/video sharing service had just a handful of employees back then and less than 30 million registered users. In the years since, Facebook has executed incredibly well with growing Instagram, which is well on its way to becoming Facebook’s […]
Why Ford Wants to Build a Self-Driving Delivery Van
Ford Motor Company (NYSE: F) said on Monday that it has begun testing an on-demand “self-driving” delivery service in south Florida. Ford has been working with Domino’s Pizza (NYSE: DPZ) and Postmates, an urban delivery start-up, to test the potential of deliveries made by self-driving vehicles. Ford and Postmates have enlisted more than 70 local […]
Why Altaba Inc. Shares Rose 10.1% Last Month
What happened Shares of Altaba (NASDAQ: AABA) gained 10.1% in May of 2018, according to data from S&P; Global Market Intelligence. As always, the focused investment fund moved in near-perfect lockstep with its largest holding, Chinese e-commerce giant Alibaba (NYSE: BABA), whose shares rose 10.9% over the same period. So what As a reminder, Alibaba’s […]
McDonald’s Culls Its Corporate Workforce
All humans may be linked to one another by only six degrees of separation, but until recently, eight layers of management separated McDonald’s Corporation (NYSE: MCD) field consultants from CEO Steve Easterbrook. As The Wall Street Journal reported last week, McDonald’s will soon initiate a fresh round of corporate layoffs that will further flatten its […]
Uber launches a low-data Lite app that’s just 5MB in size
Uber essentially ceded most of the Asian market after it merged with Chinese rival Didi Chuxing, but it still has a strong presence in India. To cement its position and grow further, the ridesharing firm has unveiled a new app, Uber Lite. It’s less than 5MB in size, compared to over 180 MB for its […]
A single police drone has seriously impacted crime in a Mexican city
Drones are finding a place in so many industries lately that it’s little surprise police departments have also been testing the technology for crime-fighting operations. The city of Ensenada in Mexico, for example, has recently achieved positive results using just a single quadcopter, Wired reported this week. The flying machine has helped to cut overall […]
Naspers is in talks to invest in Southeast Asia’s Carousell
Naspers, the South Africa-based firm that famously backed Chinese giant Tencent in its infancy, is in talks to invest in Singapore-based startup Carousell, according to two sources with knowledge of discussions. Carousell offers a mobile app that combines listings with peer-to-peer selling across Southeast Asia, Taiwan and Hong Kong. That makes it well-aligned with Naspers’ […]
‘Resident Evil 2’ remake is coming January 25th, 2019
It’s been 16 years since Capcom remade the first Resident Evil for Gamecube, but any plans to redo its lauded sequel fell by the wayside. But after last year’s Resident Evil VII blew away fans and sales records, the time has come for a glorious return to Raccoon City. On Sony’s E3 stage, Capcom revealed […]
Soprano Erin Wall on how she’s singing through cancer
Wall performs with the Vancouver Symphony Orchestra’s production of Peter Grimes Opera singer Erin Wall says while being diagnosed with breast cancer has led to a “difficult, difficult year,” it has at least provided a sense of perspective. “We tend to get very wrapped up in the minute details of our performance and how good […]
Plastic bag ban a relief for Island Waste Management
The company processes millions of single-use plastic bags a year The head of the Island Waste Management Corporation (IWMC) is happy that legislation to ban single-use plastic bags has passed third, and final reading. “Any time you can reduce the amount of waste that’s generated is a good thing,” said Gerry Moore. Moore said the […]