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Showing posts from May, 2018

The Skydio R1 self flying camera now films moving cars

image credit : Skydio Skydio, The robotics company founded 4 years ago notable for its R1 autonomous drone which shoots 4K footage and could capture moments while following people around has now gotten an awesome feature which breaks ground in so many ways. The drone can now follow moving cars while shooting footage, A new feature which will see it capturing much more better, daring and actionable moments which is a feature that can be likened to that of high budget Hollywood studios when making scenes involving automobiles. This new feature dubbed "Car Follow" comes as a cinematic mode which films its users on four wheels and was made possible with the training of the drones' neural networks using a huge number data sets of different car images, The drone will make use of its 13 cameras for the feature of capturing nice footage and also autonomously guiding its locomotion from different positions. The self-flying camera will gain this feature after a s

Warren Buffett almost invested $3 Billion in Uber

image credit : Flickr/DonkeyHotey Several reports have emerged that legendary investor Warren Buffett had plans to invest a huge $3 Billion in Uber earlier this year until the deal fell through for different reasons, This reports have now been confirmed by Warren Buffett himself who said he's a great admirer of current Uber CEO Dara Khosrowshahi with Dara also stating in a recent CNBC interview  that part of his business goals has been to get Warren Buffett to invest in something he's involved in, A goal which has not yet been marked. Bloomberg reported that Warren Buffett proposed even a price well above $3 Billion for a convertible loan to the company which would have provided huge capital and profit for both sides as they continued to grow in value but the deal was later trimmed to a size of $2 Billion by CEO Dara Khosrowshahi and ultimately fell through when they couldn't agree on unified terms concerning the investment. This comes as highly recognized investor W

WePlenish's smart container makes you never run out of Pantry supplies

image credit : WePlenish/Kickstarter A new startup WePlenish has launched its new smart container on Kickstarter which is a product which automatically senses when pantry supplies are low and then re-orders them through online shopping site Amazon for the convenience of its customers. The WiFi enabled smart container connects to Amazon Prime accounts to guarantee free 2 day shipping and easy returns with the pantry items being selected by the user, After being ordered, They are placed in the box by the owner and automatically re-ordered when taken out which continues the cycle thereby eradicating the stress of manual ordering and replacement of items by people themselves. image credit : WePlenish/Kickstarter This smart container which is integrated with Amazon's Dash replenishment service and contains sensors to measure quantity replaces Espresso capsules, K-Cup pods, snacks, candy and many other more pantries currently supported by the device and together with its m

Bird - Poised to be The first Scooter Unicorn

image credit : Bird Electric Scooter vehicle sharing company Bird which was founded by a former Uber and Lyft executive has now been reported to be raising $150 million in a new round of funding to expand its services and fend off competition, A new round which will value the company at a huge $1 Billion making it the first electric scooter unicorn if it gets to close this funding round before its major competitor Lime who is also raising additional funds after raising a previous $132 million in funding. It should also be noted that Bird has raised a previous total $115 million in funding and is currently operating in some cities where its electric scooters have been deployed, The company recently ordered a huge number of scooters from several manufacturers although there have been complaints from pedestrians that its scooters have obstructed roads and caused inconveniences for them, Anyway we expect that this is a problem Bird will fix soon using the best form of logistics. Bir

Nio confidentially files for $2 Billion IPO

image credit : Nio Nio, An electric vehicle manufacturer backed by a slew of Chinese companies previously raising a total of $2.1 Billion at a value of $5 Billion has confidentially filed for IPO with the U.S. SEC. This will see the company who currently sells its electric Sports Utility Vehicle currently in China raise up to a reported $2 Billion over the Summer in this public offering of its shares. This comes with previous reports that major tech investor Softbank was interested in acquiring a huge amount of the shares offered in the IPO for a price of $200 million, Nio's ES8 vehicle is a major competitor to the Tesla Model X in China where they both experience very good sales even with Nio's vehicle being more cheaper with The Nio ES8 costing $70,000 before incentives in comparison with Tesla's Model X which retails for over $100,000 in China due to tariffs placed on its importation which makes it more expensive than it is in the U.S. Image credit : Nio

Taxify raises new huge round at a $1 Billion+ valuation

image credit: Taxify Taxify, The popular ride-hailing app which gives Uber a ride for its profits in several European and African countries has raised a huge investment round of $175 million led by Automotive giant Daimler AG at a whooping $1 Billion valuation marking a new entry into the unicorn space. The Estonian startup co-founded by brothers Markus and Martin Willig and currently led by 24 year old Markus Willig also counted investors Taavet Hinrikus who also co-founded Billion dollar fintech company TranferWise and Chinese ride hailing giant Didi Chuxing who re-invested in this round after previously investing an undisclosed 10 figure sum and providing Taxify with access to its network of knowledge and engineers to scale its operations. Taxify is currently based in Estonia and operates in a network of 40 cities across Europe, Africa, The Middle East and Central America having a huge network of 500,000 riders and over 10 million global customers. Taxify currently

Voodoo Games raises a huge $200 Million

image credit: Voodoo.io Voodoo, A Paris based video game publisher notable for many games including Paper.io, Snake vs Block, Dunk Hit, Stack Jump and a slew of others has raised a huge $200 Million in funding to expand its operations, In turn developing a publishing space for mobile game developers. The company made it known that during the ongoing Casual Connect conference which also featured speakers from other big game companies including Zynga, Netmarble and Naturalmotion that Goldman Sachs is a major investor in the company whilst its founders still retain a majority stake, The company didn't reveal how much it raised at the conference but major sources pegged the value at a huge $200 million. Vodoo currently holds 9 positions in the top 25 downloaded games chart with the company also stating a huge number of 150 million monthly users and 300 million downloads last year with the company currently using a data-driven process which works very well for its release of cas

Naspers pours $89 million into Frontier Car Group

image credit : FCG The Frontier Car Group popularly known as FCG which is a German technology company dedicated to incubating innovation and investing in the transformation of several used car marketplace technologies around the globe has taken a huge round of funding from OLX Ventures which is in turn a subsidiary of South African based media giant Naspers. This investment comes roughly three weeks after The Frontier Car Group announced a $58 million funding from several investors into the company, The technology company will now use these funds to greatly expand its investment into the various used car marketplaces it operates and backs in order to rapidly scale its mission and also improve revenue statistics. This investment from OLX will also see FCG collaborate with and make use of its huge regional footprints in markets slated for huge growth opportunities to expand its own operations heavily. FCG uses technology to promote the ease of transportation through the p

Moviepass Parent Company slumps low even after huge increase in subscribers

Moviepass, The very popular subscription based ticketing services which charges a $9.95 per month flat fee for one movie a day access has seen its parent company Helios and Matheson Analytics' stock fall to a low $0.40 a share with the entire company being valued at just over $24 million. Moviepass has not been favored by Wall Street analysts on reports of its heavy spending while losing money to raise revenues which is really growing for the company. Helios and Matheson Analytics can be deemed as one who wasn't prepared for the public market but the private market which tolerates temporary money loss in a road to a very profitable future with high valuations. Moviepass has garnered many users for its service, Above 2 million in particular and Moviepass's CEO Mitch Lowe says the company is still going well despite the recent stock slump to this price of $0.40 after once trading at a huge price of over $38. The company is currently adding 90,000 subscribe

The Autonomous technology companies winning right now

image credit : Cruise Automation Autonomous vehicles have been a thing! - This has made driving much more better, Although not yet fully adapted, Self driving technology has grown so much over the years with so many startups gaining huge revenues, gaining huge investments and selling for huge amounts. Cruise Automation sold to General Motors for $1 Billion, Zoox is valued at $1.55 Billion, Quanergy raised $90 million at a $1.59 Billion valuation and also on the list is its Mega competitor Velodyne which is valued at $2 Billion after raising $150 million from Ford and Baidu and is the worlds largest LiDar manufacturer as of now. So many startups have come to this game, The list since endless, So far we have seen so many autonomous technology startups which include: Almotive Cruise Automation Drive.ai Nauto Embark Otto Quanergy Starsky Robotics Velodyne WM Motors Zoox And a slew of many others.... As the race to win the clear future of transportation, Big star

Microsoft outs new game : Miami Street!

Well....brace up, Microsoft has unveiled  new game, Microsoft gives us car racing again, This time for the Windows 10 OS, This new game is so unique for its game-play support on all Surface devices. Miami street is built for a broad audience who love easy to pick-up-and-play experiences according to Electric Square, The Game studio which partnered with Microsoft on the making of this video game which will be gradually rolled out to users for testing and feedback gathering. This new game can be downloaded from the Microsoft store in the countries which its available in, It features One one One racing, realistic car control physics, Dynamic wide cameras, huge selection of cars and a swath of other amazing features. In this game, You get to enter an event, choose your car lineup and opponent and then challenge your way to victory, You get to race in beautiful city streets and enjoy the speed and high quality race in very good definition. The game also gets regular updates whi

Our dear Tim Draper sings about crypto

image credit : Flickr/ JD Lasica Notable tech investor and venture capitalist Tim Draper recently attended The  Next Web's crypto conference in the Netherlands capital of Amsterdam and gave a very nice talk on the future and current activities of the crypto world, But the fun really started when he took to the stage to sing about Bitcoin while donning a nice looking suit and a purple tie designed with bitcoin patterns, Bloomberg profiled the dude's amazing freestyle which the audience really seemed to enjoy. Will @TimDraper break the charts with his singing skills? ‘I’m a Bitcoin hustle’ #TNW2018 pic.twitter.com/pGMRZLSSXX — Kevin | 李大仁 (@kevinvdveer) May 25, 2018 The dude really spit some cool rhymes with nice flows like "We want a newwwww world ooorderrr, We wanna pay across the border" He continues "Just wanna be a hodler.....on my bitcoin hustle". This lines came after Draper had a fireside chat on the topic of blockhain investment with Bloo

Top Hardware unicorns in the world right now

Unicorns (private companies valued at over $1 Billion) have grown globally over the years with over 200 in existence right now in so many tech sectors with the bulk coming from e-commerce and Fintech, Hardware has always been a very competitive space with companies getting to heavily go head-to-head with each other to grab consumer and enterprise attention, Right here, We are bringing the list of the current hardware unicorns that are making huge revenues and currently gaining very good traction, These companies all together are worth more than a whooping $70 Billion and got revenues of over $20 Billion last year alone. They are: Xiaomi image credit : Xiaomi Founded just 8 years ago by the 8 people pictured above with Lei Jun (middle) as the major player, Xiaomi which is notable for its high end smartphones coming at cheaper prices made a whooping $18 Billion in last year's revenue and currently commands a huge private valuation of $46 Billion after raising a total of $3.4

Your Graduation Gift Guide for this year's class

Currently and at some time soon this year, People are/will be graduating from different levels of the educational environment with this marking a very good moment of happiness for many, You know high-schoolers who hate school and could not wait to leave or PhDs who amazingly love what they do and can't wait to use their profound knowledge to go and impact the huge world out there, The same goes for all levels of education, People just belong to different categories. If you're the one graduating, Kudos!, If its someone you know, Kudos! also, You are both very happy we deduce and would love to reward each other with amazing gifts to celebrate this milestone. In your rewarding journey, We reward you with a guide on the gifts to buy to make yourselves happy, Get the consumerist experience and also make huge impact in your lives. We present to you the: During these special set of events, You would love to share and get gifts for others and yourself and The Techie has co

Self-Driving cars can now make speedy decisions in lane changes thanks to new research

image credit: MIT News MIT's Computer Science and Artificial Intelligence Laboratory Researchers have developed a new algorithm which lets self-driving cars make lane changes swiftly, accurately and easily. The new algorithms will use less information but faster application to make self-driving cars capable of making emergency and swift lane changes to improve autonomous cars' handling of emergency situations to make them more adaptive to current road driving. Previous algorithm solutions to this were based on complex information bombarded models that provided less time to the cars to take decisions on lane changes during speedy and unexpected situations or some were just too limited in deductions to make good decisions while on the road. MIT aimed to change that with the goal of doing as much as possible with the least information required and effective and they have made a huge step in that through the development of this new system. With this new algorithm, Vehi

Magento Commerce acquired for $1.68 Billion by Adobe

image credit: Adobe 11 years after its founding, Popular e-commerce platform for open innovation has been acquired in a huge deal worth $1.68 Billion from technology focused private equity firm Permira which notably purchased a slice of Cisco's Video business earlier this month for a huge $1 Billion. This will see Magento's  platform which provides a wide range of tools, features and add-ons for businesses to host e-commerce solutions just like its major popular competitor Shopify integrate into Adobe's Experience Cloud to provide much more better Business-to-Business and Business-to-Consumer solutions in the e-commerce space adding this major industry to Adobe's list of offerings. Magento which currently shares customers with $100 Billion+ giant Adobe many of which include huge brands Nestle, Coca-Cola and the Time Warner Music Group will merge their digital experiences and innovations which increases Adobe's content strength, Market share and product effici

Amazon India is worth what Walmart paid for its Flipkart Stake

image credit : Flickr via CC License According to a new analysis from the highly recognized financial services firm Citi Research, Amazon's Indian unit has been valued at a huge $16 Billion which comes as the same price Walmart paid for a 77% stake in India's largest e-commerce unit Flipkart at a valuation of over $20 Billion dollars. This makes Amazon India just $4 Billion shy of Flipkart's huge $20 Billion+ valuation and proves that Amazon is in for huge competition with the company in the Indian e-commerce space which is slated to grow heavily in the upcoming years making a huge win for those who achieve huge market share right now. Citi’s senior analyst Mark May and Hao Yan stated in the report that Amazon is expected to reach sales of $70 Billion worth of gross merchandise volume and achieve over $10 Billion in revenue in just 9 years time from the country, Amazon is predicted to capture 35% of the e-commerce market in India according to this detailed analysis.

OneSpace launches China's first Private Space Rocket

OneSpace Technology, a Beijing based space exploration startup just launched its 30ft rocket dubbed The “Chongqing Liangjiang Star” marking it the first occurrence of a non-government body launching a commercial vehicle to space, The rocket took off from a Northwestern Chinese base with a blast on a mission to deliver a small satellite to space which will be used for research the startup is working to further its space exploration missions. OneSpace built the rocket entirely using Chinese technology and made its launch as cheap as possible through the use of innovative but less expensive systems such as wireless communication through the internet which costs 30% in comparison with the use of wired internet systems which adds more weight to the rocket and greatly increases the cost of launch. This comes as the company has raised a total of $78 million for its operations, A sum which seems huge for other industries but not in the expensive world of space exploration although all th

Drones can now be tested "In Virtual Reality"

Researchers at the previous Massachusetts Institute of Technology have broken grounds on a system which would be ultimately used to test and train drones without the physical constraints attached using a VR system, The exact way we humans step into an immersive world when we put on a VR headset now applies to intelligent drones, These drones will learn how to avoid obstacles and collisions, Move at great speed and also maneuver through different positions all while learning like its actually doing it in the real world. This way, even when drones unfortunately hit an obstacle using this "Flight Goggles" system, The damages are studied and taken virtually as opposed to physical damage which takes a lot of time, delaying trials and costing much more money. This method simulates the drone's sensors moving it through a virtual world as seen in the video above preventing various obstacles such as high winds and different hanging obstacles such as transmission power lines w

Apple sold 600,000 Homepods in the first quarter of this year

 image credit : Apple Apple's Homepod smart speaker didn't really live up to hype although it has recently captured 6% of the Market as of recent selling 600,000 units according to recent analysis by Strategy Analytics. Even why capturing this slice of the market, Major competitors Amazon, Google, Alibaba and Xiaomi took the largest part of the market coming with a 43.6%, 26.5%, 7.6% and 2.4% for the Chinese companies with the combined companies leaving the remaining 13%+ to other players and startups who will have to innovate and disrupt to extensively win in the market. This new statistics comes as competition has rapidly increased with each companies market share being diluted amidst increase in no of sales of smart speakers generally and customers going for different brands among a wide selection to choose from. Amazon had a 94% market share last year  and has gotten to 43.6% whilst still being the leader amidst huge competition from a slew of technology companies an

Fidelity Labs and Amazon create a VR financial assistant "Cora"

Amazon, The company which just released its Sumerian VR developer tools fully to the public had to showcase to everyone what could be made of its platform or supposedly "what its platform was made of" and it did just that with the debut of a VR digital financial advisor in collaboration with Fidelity Investments which let people interact with their investments and financial tasks in 3D. The VR financial advisor is named Cora and combines a voice-commanded bot along with exploration of investment aims in a very unique way for its users. Cora listens to requests from its users for information on the stock performance and financial statistics of different companies and then outputs the resulting information as financial graphs as charts to the user in an immersive form. This not only gets the user huge loads of information at an easy pace, Its immersive experience and data presentation through the use of visual charts also increases the learning and information gatherin

Tanium raises $175 million at a whooping $5 Billion dollar Valuation

Tanium CEO/co-founder Orion Hindawi Notable enterprise cyber-security company Tanium has just recently raised a big round of $175 million in funding from renowned investment firm TPG Capital at a huge valuation of $5 Billion which prior to this owned quite a huge stake in the cyber company founded 11 years ago thereby increasing its ownership slice with this new investment. This is more $1.2 Billion more than its previous valuation of $3.75 Billion which came with a investment round of $100 million which was also led by TOG as of last year, An additional sale of $25 million worth of stock from current shareholders is currently in discussion and is slated to occur anytime soon. Popular and Major Silicon Valley investor Andressen Horowitz along with other investors have been previous backers and shareholders of this huge company founded by Father and Son duo David and Orion Hindawi 11 years ago. Tanium has performed very well with a 100% revenue increase last year and a $

E-Grocer Good Eggs raises $50 Million to rapidly expand

image credit : Good Eggs Good Eggs, The online grocery and meal kit delivery service company which operates currently in The Bay Area has raised $50 million in a new round led by Benchmark Capital with other investors including Index Ventures and Obvious ventures to expand rapidly in The Bay Area which they decided to focus on after discontinuing its service in other markets 3 years ago. The company which backed out from Los Angeles in its move 3 years ago will now return to the city with its services with much more better delivery options. The company now offers the "Same day" delivery option like many of its competitors and now delivers both beer and cocktail kits. Good Eggs delivers fresh products which it gets from local farmers and then ships through its San Francisco warehouse at a very fast rate which ensures the product freshness and quality, They provide the best quality perishables to customers which gives them a competitive edge on par with other major play

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Cashing Out: Jeff Bezos Sells $2.5B Of Amazon Stock

Amazon founder Jeff Bezos has continued his routine selling of Amazon shares to fund his other escapades. For a few years now, he's had an arranged trading plan that sees him regularly sell Amazon stock worth billions of dollars. Jeff Bezos' latest sell-off is of 739,000 Amazon shares worth around $2.5bn, SEC filings show. Another separate filing indicated that he plans to sell as many as 2 million shares that could net him nearly $7bn at current prices. This latest share sell-off from Bezos is noteworthy as one of his last in his position as Amazon's CEO which he's handing off soon to a top lieutenant named Andy Jassy. Jassy is currently CEO of AWS, Amazon's very profitable cloud computing division. Usually, a CEO offloading large amounts of stock in a company he leads draws some displeasure from investors, but as Jeff Bezos would soon no longer be Amazon's CEO, it opens up opportunities to sell larger amounts of shares than usual if the desires. Amazon's

EVs: Ford, BMW Co-Invest In An EV Battery Startup

It's currently of no doubt that electric vehicles represent the future for the automobile market, and many automakers have taken heed to that. Tens of billions of dollars in spending have been earmarked for the R&D and production of electric vehicles by global automakers, with efforts spanning battery development, building new factories, charging stations et al. Now, two of the world's biggest automakers, BMW and Ford, have jointly invested in a startup working on battery technology for electric vehicles. That startup is Solid Power, a Colorado-based startup developing solid-state batteries for EVs. Details: Solid Power has raised a $130 million Series B round  co-led by Ford and BMW. The two automakers were joined by green-focused venture fund Volta Energy Technologies in the round. As part of the strategic round, Ford and BMW have expanded their joint agreements with Solid Power to develop solid-state batteries for their use. In a way, the two automakers are funding and o

Is Apple Brewing A Major Digital Health Play?

That Apple has high ambitions in the digital health space isn't foreign news to anyone following the moves of the company. In fact, its CEO Tim Cook once referred to health as Apple's “greatest contribution to mankind.” Apple's main health product is the Apple Watch for which health represents a major use case and a selling point. The latest Apple Watch series has key health features including the ability to measure ECG (electrocardiogram) and oxygen saturation level in the blood. With all its grand ambitions, the reality is that Apple is progressing very well in the digital health space but yet hasn't gotten a big foothold in it like it's done in other markets. There still exists a large gap for Apple to conquer to make waves in the digital health market and the company seems much hell-bent on covering that gap. Details: A certain revelation has come out that details Apple's grand plans in the health sector, and it's that of a UK startup working on next-ge

Big Pay: AT&T Shareholders Vote Against Execs Pay

To bring back one of our most favorite sayings, "America is the land of many things, including very enormous executive pay". Executives of publicly-traded companies in the US are familiar with very large compensation packages on a scale not seen in other countries, take recent examples including Palantir CEO Alex Karp landing a $1.1 billion payday  and former T-Mobile CEO John Legere getting a $137 million severance pay . But with all the large executive pay packages flying around, it appears that the shareholders of one public company are not okay with it and that company is telecoms giant AT&T.  Details: AT&T in a statement  revealed that the majority of its shareholders voted not in favor of the compensation of its executive officers in 2020. Just under 49% of votes were cast in favor of the compensation, leaving the remaining majority 51%, not in favor.  Last year, AT&T had large pay packages for its top brass including $21 million for CEO John Stankey and $52

Deal: Verizon Sells Yahoo And AOL To PE Firm For $5B

Telecoms giant Verizon has found a buyer for its Verizon Media Unit which includes veteran internet properties like Yahoo and AOL, and that buyer is a major private equity firm. To note, though Yahoo and AOL have long faded from their glory days, they aren't exactly dead properties but ones still with a great deal of users bringing in a few billion in revenue annually. Details: Verizon has struck a deal to sell 90% of Verizon Media to private equity firm Apollo which will pay $5 billion for it, while Verizon retains a  10%  minority stake in the business. The deal takes off many internet properties off Verizon's hands, including bigger ones like Yahoo and smaller ones like technology news site TechCrunch operating under the AOL umbrella. Though it's selling for a seemingly huge price of $5 billion, Verizon paid a combined $9 billion to buy the web properties making up its Verizon Media unit so it doesn't come out on top financially from the sale.  Verizon paid $4.4bn t

Germany's SAP Fined $8M For Violating Iran Sanctions

SAP, the German software giant, has agreed to pay a fine in the US for violating sanctions imposed by the country on conducting business in Iran. It'll pay over $8 million in fines after admitting to handling thousands of exports of its software to Iran violating US law. Details: SAP admitted to exporting US-origin software to Iran beginning in 2010 up until 2017. The exports including delivering software upgrades and patches more than 20,000 times to Iranian users and offering Iranian users access to US-based cloud services. As charged, executives at SAP were aware that the company didn't have geolocation protections to block downloads of its US-origin software in Iran and turned a blind eye to the situation.  SAP was also charged with neglecting to put in place adequate export control for cloud services made by some US-based companies that it acquired and integrated into its software suite. For the charges, SAP admitted guilt and reached a  Non-Prosecution Agreement with the

IPO: Cybersecurity Startup Darktrace Debuts On UK Markets

A major cybersecurity startup from the UK has held an initial public offering (IPO) and debuted to positive investor fanfare on the domestic public markets. That startup is Darktrace, a fast-growing cybersecurity startup founded by a team of mathematicians in collaboration with British intelligence agencies in 2013. Darktrace sells cyber-defense software that's claimed to harness artificial intelligence in spotting and managing cyber threats. It listed on the London Stock Exchange under the symbol "DARK". By the numbers: Darktrace debuted to positive investor fanfare that saw its shares soar by 40% on its first day of trading. It raised £143 million ($198m) from the public float at a valuation of £1.7 billion ($2.3bn) which soared to almost £2.4 billion ($3.3bn) on its debut trading day. Darktrace's IPO prospectus reports $199 million in revenue in its most recent fiscal year ending June 30, 2020. This was up from $137 million in the previous year, 2019, and $79 mill

Earnings: Pfizer Rakes In Cash From COVID Vaccine

Pfizer, one of the few pharmaceutical companies worldwide to produce an approved Covid-19 vaccine, has unveiled its earnings report for the first quarter of this year. As usual, the report provides a solid peek into the company's financials and with very noteworthy nuggets this time around. One key nugget from Pfizer's earnings report is that the company brought in $3.5bn in revenue from its Covid-19 vaccine in Q1' 21. It made up nearly a fourth of the company's total $14.6bn revenue for the period. The Covid vaccine was the biggest single source of revenue for Pfizer in the quarter. It's definitely a good time for the company in that regard, as it elected to keep the profit from the sale of its vaccines unlike some of its competitors which volunteered to waive off any profit-seeking from their vaccines. Unlike some of its competitors also, Pfizer didn't take money from the US government to fund the development of its vaccine under the Trump administration'

Earnings: Covid Vaccines Deliver Big Sales, Profit For Moderna

Moderna was among the few biotech companies that saved the day with the development of an emergency-authorized vaccine to tackle the Covid-19 pandemic. It was a breakthrough for the company, which was before then a cancer-fighting moonshot with minimal revenues and no working product. Being a publicly-traded company, Moderna is mandated to release quarterly earnings reports to the public and it has done so this time around, releasing its financial results for the first quarter of this year 2021. Moderna's latest earnings report shows that of a company that saw big success from its Covid vaccines, as it reported record revenue and its first-ever net profit as a public company. By the numbers: Moderna made $1.9bn in revenue in Q1' 21, compared to a paltry $8mn for the same quarter in 2020. The revenue came wholly from Covid vaccine sales in the US and foreign markets. Moderna reported a huge net income of $1.2bn in the quarter, compared to a net loss of $124mn for the same perio

Court Docs: Fortnite Maker Epic Made $15B In 2018-2020

Fortnite maker Epic Games is having a court battle with Apple over the latter's App Store practices and that battle has led to several documents coming out of the shadows with valuable information about Epic Games not publicly known before.  Among the information revealed in court proceedings between Epic and Apple is the sheer scale of Epic's revenue largely gotten from its hit game Fortnite . Official documents indicate that Epic Games made respective annual sales of $5.6bn, $4.2bn, and $5.1bn in 2018, 2019, and 2020, summing up to just shy of $15bn. Epic's revenue in 2018 and 2019 was revealed in financial documents made public as part of its court battle with Apple while its revenue for 2020 was separately revealed in a court testimony by Epic CEO Tim Sweeney. The vast majority of Epic's revenue comes from Fortnite while its other products like the Unreal Engine and the Epic Games Store bring in a minority of revenues. Specifically, Fortnite brought in $5.5bn a