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Lyft's revenue grows by 168% in 2017

                                                                                                  image credit: Lyft As we previously reported , 2017 was a really awesome year for the Technology company with heavy expansion in the US while it's main competitor Uber had many troubles the same year. The revenue for its 2017 fiscal year grew to over $1 Billion with a very strong Q4 that saw its revenue grow by 168% year on year as compared to Uber's 61% growth. Both companies are still private and so don't have to compulsorily release its financial results to the public but they do so in cases like this as a way of staying at the top, when the public knows how much you pull in, you get much more attention. According to Lyft, it does up to 10 million rides per week on its platform and also said the quarter ending this month will be its 20th concurrent quarter with more than 100% year on year revenue increase. Lyft launched in Canada last year marking its first mov

The Honor 7C has been officialy released, starts at $140

                                                                                                                                                  Honor 7C Honor has finally unveiled it s new handset, the Honor 7C will be available in china today. The product will be priced at $142 for the 3 GB RAM with 32 GB storage, while the 4GB RAM version with 64 GB of storage will go for $205. The Honor 7C offers a 5.99 inch 720 pixels 18:9 display which will be powered by Qualcomm's Snapdragon 450 processor. The Smartphone offers a dual-camera system with 13 MP and 2 MP sensors on the rear, it also has cool facial recognition technology for unlocking the smartphone, it comes with the EMUI 8.0 OS that's powered by the Android 8  Oreo. The new product comes in black, red, blue and gold colours.

Broadcom's takeover of Qualcomm blocked by the White House

                          The Tweeting President                                                                                                   Image Credit : CNN President Trump recently issued an executive order on Monday which blocked Qualcomm's proposed acqusition by Broadcom, the deal had been a subject of scrutiny concerning U.S national security. Trump said in the recently released order "There is credible evidence that leads me to believe that Broadcom Ltd." by acquiring Qualcomm "might take action that threatens to impair the national security of the United States,". The order follows Committee on Foreign Investment in the United States' Investigation just hours after Hock Tan (Broadcom) C.E.O had a meeting with pentagon officials in order to save the deal. Broadcom has sought after a tie-up with Qualcomm for a considerable length of time. The takeover, which would have been the biggest acquisition the Tech industry had ev

Stitch Fix beats Analysts Estimates with its second quarter

Stitch Fix C.E.O Katrina Lake                                                                                                                                                                                                                                                     Image credit : San Francisco Business Times Stitch Fix, the online subscription and personal shopping service just posted a huge quarter with revenues of $296.2 Million which beat Wall Street expectations. An Interesting part of Stitch Fix is its recently launched feature called 'Extras', it was launched three weeks ago so it wasn't really mentioned in the company's recent Financial Results but this is a feature that is set to bring in a Huge chunk of cash for the company. This new feature allows customers to choose from a wide range of Accessories like bras and underwear which will be added to the box chosen by their stylists. A study from the notable Research Firm Second Meas

The Model 3 production was temporarily halted in late February

                                                                                                                                                                                               Tesla In late February, The Tesla Model 3 production was suspended in order to improve automation and systematically address bottlenecks according to Bloomberg. Model 3's production was halted from February 20 - 24 and was later resumed at Tesla's assembly plant in Fremont, California. The  Model 3 is the cool plan of C.E.O Elon Musk to bring the electric vehicle to the mass market but then it has gone through a number of setbacks as mass production is not stuff which is done easily. Musk has repeatedly pledged that the company will increase it production to over 5,000 models by June, this was actually originally promised in March. These setbacks and pauses will perhaps make the Model 3 a near perfect vehicle for the EV Mass Market and will heavily move the Industry fowar

Philips gives us 'The Outdoor Range'

                                                                                                                                                                                            Philips Philips today announced the "Philips Hue outdoor range". This product extends the light bulb system smart specs to the exterior from within the home. " Extending the Philips Hue range even further, from wall mounted luminaires, to spot lighting and pillar posts, Philips Hue’s outdoor range offers the freedom to extend Hue features and functionality to any outside area, be it a garden, terrace or balcony ." the company said in a press release. You can take your outdoor space to the next level with the Hue Outdoor Range by combining beauty with fun probable when relaxing, dining with friends, and perfoming other night outdoor activities. The Lily Base unit pack of this product will retail for $279.99 while the Calla bollard will go for $129.99, the white

Youtube TV's price is going up by $5

                                                                                                                                                                                                                                                                                                                                                                                                                           Image Source : Digiday Youtube TV has really grown since its launch last year, it now has over 300,000 users and is now readily available in nearly a hundred markets. Well Today is the last day for anyone interested in subscribing to get Youtube TV for $ 35 per month, the price has been increased to $40 per month and this takes effect as from Tomorrow. Youtube plans to add more live-streaming channels which results in the price hike which was announced last month, the added channels include CNN, Cartoon Network, TNT and and TBS. Users who have subscribed to Youtube TV as

The Facial Recognition Sunglasses Program is being expanded by the Chinese Police

                                                                                                                                                                                                                 Image credit: AFP/Getty Recently, The Chinese Police force has been testing Sunglasses with facial Recognition list to take on suspects and those travelling using false identities.  Police are now beginning to use this Technology in the districts of Beijing with an expansion program for China, states Reuters. The program was used as security when the Chinese parliament voted to increase President Xi's tenure to a lifetime which shows the increased surveillance and censorship in the People's Republic of China (which we really don't like), The Sunglasses where used to check travellers and match different car registration plates with the Chinese government's blacklist before the recently concluded annual meeting of the Chinese Government. The people on it&#

Apple Acquires Texture 'The Neflix of Magazines'

Image credit : Texture Apple Inc is acquiring Texture - the Digital Magazine Subscription Service which is known as the 'Netflix of Magazines' - the service lets users gain access to more than 200 magazines for a monthly fee. Apple's Eddy Cue said “ We’re excited Texture will join Apple, along with an impressive catalog of magazines from many of the world’s leading publishers ,” Mr Eddy also Added “ We are committed to quality journalism from trusted sources and allowing magazines to keep producing beautifully designed and engaging stories for users. ” One of the intersting points of this acquisition is that Texture is a joint venture from publishers Conde Nast, Hearst, Meredith, News Corp. and Time Inc which gives it a wide base of content to offer to subscribers. The Service is owned by Next Issue Media which raised $50 Million in 2014 from the global investment firm KKR. This might be an action on Apple's part to match digital competitors like

Dropbox sets share price in the $16 -$18 range as Salesforce Grabs huge chunk

Dropbox Co-founder Drew Houston                                                                                                        Image Credit : Funding Circle After Recently announcing an IPO in February, Dropbox has updated is S-1 filing with a new price. The company now expects to price its share between $16 - $18 when it raises $648 million by selling 36 Million shares on the Nasdaq stock exchange using the name 'DBX'. Dropbox has also confirmed that it will be selling $100 Million worth of shares to its new partner Salesforce right after the Public offering offering shares at a price equal to that of the public sale. This New share pricing values the cloud storage company between $7 Billion - $8 Billion as opposed to the $10 Billion valuation it got when it raises it's last venture round of a cool $350 Million. There has been no exact date set for the public offering as of now but that should be expected to come soon. Dropbox reported around $1.1 B

Tencent Video Grabs stake in 'New Classics Media' for $524 Million

Ma Huateng, Tencent C.E.O                                                                                                                                                                    image credit: Time Recently, Beijing Enlight Media confirmed that it has sold it's entire stake which consists of 27.64% of New Classics Media to a major affiliate of Tencent Media and Holding, Linzhi Tencent Technology. The Company signed an equity transfer agreement on the 10th of March to sell its stake to the industry fund which was set up by Tencent to grab the stake. According to a disclosure on the Shenzhen Stock Exchange, New Classics Media had a 2017 net profit of over $55 Million and revenue of over $263 Million, Tencent Video gains more control over its content base and gives the company an established advantage over its competition. A discussion of how to integrate New Classics' business with Tencent's bigger platforms will be held by the management of both comp

HP has announced the Elite Slice for Meeting Rooms G2

                                                                                                                                                                                                                                                                      Image credit : HP HP, today announced the Elite Slice for Meeting Rooms G2. The second generation of the Slice is intended for group rooms, with the organization saying that it foresees a 34% development in collaboration stations over the following year. Being that these gathering stations are smaller than full-measure meeting rooms, they require less demanding setup, with less dongles and wires. That is the place the Elite Slice comes in. There are two types, one made for Skype Room Systems and one for Intel Unite. The Elite Slice for Meeting Rooms G2 with Skype Room Systems accompanies a 12.3-inch FHD touchscreen, a Core i3-7100T or Core i5-7500T, 8GB RAM, and up to 256GB of inner stockpiling. It has 90dBa audio,

Google's App code reveals added controls for its Pixel Buds

                                                                                                                                              Image credit : wired.com Google's Smart headphones may be getting additional features that will comprise of custom gesture controls according to a review of code in its latest Google app Beta condition, according to 9to5Google. There are latent new features for double tapping on the right earbud (which posseses a touch sensor), new features for triple tapping and also a new in-ear detection feature which can pause your music when the right earbud is removed. As of now, double tapping the right earbud enables you to get notifications, or stop Google Assistant. The code also uncovers a conceivable new alternative to tweak the gesture to skip songs — an useful feature that is frustratingly absent. Triple tapping would enable users to turn the earbuds on and off manually, which would be so useful, given that there is no real way

Common Mistakes in IT Management teams

Most of the businesses need to manage a vast amount of data. The introduction of various technological tools in the market has enhanced data development. So, there is an increasing need for protecting the private data. While this data gets revealed, it will cause risk to the business. With the use of Cloud solution office 365 and other technological tools, the business owners will be able to decrease the operational costs. However, while you have started to deal with Information Technology infrastructure, there is a chance of making mistakes. Failure to secure online resources - Every knowledgeable employee has the right to access the documents and files from different sources. This information may include product details, customer data and financial details, and they have to be stored in the Information Technology systems. However, every organization is not prepared for protecting its data. Almost 68 % of corporations have considered a solution to prevent IT system dis

Quick And Easy Ideas For Email Marketing Strategies

Do you want to be able to promote your website and build fans giving your site more traffic? If so, then you're in the right place, this article will go over some information you can use to inform yourself what are the necessary steps you must take to promote your site through email marketing. Provide exclusive content in your marketing emails. By providing those on your mailing list with information not available on your site, your customers are more likely to read each message, and begin looking forward to them. Your customers will feel special and appreciated when they receive relevant information in your emails. Be certain you send correspondence only to those eager to receive it. Otherwise, you risk being known as a spammer. This type of random emailing can just cause a person to question whether they know you or your company, and they probably will end up caring less about your company if they run across it in the future. Oftentimes, these suspicious emails go strai

Lyft really grew it's active driver numbers in the year 2017

John Zimmer, Co-Founder and President of Lyft Apptopia, one of the best App intelligence solutions out there penned in a report that Lyft grew its (daily) active drivers in the US and Canada from an approximate of 100,000 in May 2017 to a whooping 613,835 in February 2018. This puts it just behind Uber coming with 768,796 active daily drivers in the same region. 2017 was very amazing for Lyft, in the show of Uber's troubles, it gained over 10% market share according to a report from Second Measure. On it's report, Apptopia says  " According to our US Audience Intelligence, 86.8% of Lyft Driver users are likely to have already installed the Uber Driver app." Anyways, Uber still takes a high lead on Lyft in Canada, the report shows that Uber has between 100,000 and 110,000 Canadian users while Lyft has just under 50,000. The list also notes that Both Uber and Llyft saw a decline in daily active users through the first two months of this year.

The Perk of a Techie - Get Customized Handy Accessories!

A New Brand is on The Block, it's Handy Bracelets! - Handy Bracelets is a lifestyle brand, started in 2017 to Inspire, Motivate and Empower a cool generation of people, who are not afraid to stand for and show the world what they love and who they are!  -  Handy Bracelets is currently offering    40% OFF + FREE SHIPPING FOR ALL ORDERS! WORLDWIDE, Here is an Interactive Walkthrough for their awesome Bracelets and Necklaces that you can currently get for 15% MORE OFF for being a Techie Reader! - And this is how you do it!, when checking out, use the coupon code TCH15 to activate your Discount on the site's provided box.  This is the Bracelet For The Ones Who love and express Freedom -  This bracelet will always remind you that you were born to be free and nothing can take that away from you. This is the Bracelet For The Ones Who Crush It With Their Squad! - Wear  This bracelet , and you'll always be reminded that with your squad you can achieve anything. Don&#3

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US Sanctions First Crypto Exchange For Alleged Ransomware Ties

The US government has moved to blacklist a Russian crypto exchange in what seems to be the first time the government is taking such an action against a crypto exchange; The US Treasury Department has announced sanctions against a crypto exchange named  Suex  for allegations of facilitating transactions for ransomware operators based in Russia. The department therein claims that over 40% of Suex's known transaction history was associated with illicit and criminal operations. The US has faced a wave of ransomware attacks over the past year with victims including a major oil pipeline company ( Colonial Pipeline ) that paid a $5mn ransom and a major food supplier ( JBS ) that paid an $11mn ransom . Both attacks are suspected to have been carried out by Russian criminal groups, making it a major point of concern that US President Joe Biden pressed Putin to address  in a July phone call; Out of many, the most infamous ransomware group globally appears to be a Russian organization name

Law: Ex-Quant Analyst Indicted For Front-Running Employer's Trades

Insider trading is like the most common crime on Wall Street or the crime most prosecuted. Every now and then, there's always a new insider trading case pursued by the appropriate American authorities; the Securities and Exchange Commission (SEC) and Justice Department (DOJ). To the unaware, insider trading is deemed as trading a public company's stock or other types of regulated securities based on material, nonpublic information about the company. The latest insider trading saga now making the rounds is that of a former quant analyst who has just been indicted for front-running his employer's trades and making a killing to the tune of over $8mn. Sergei Polevikov , the former quant analyst, allegedly bought securities he knew his employer ordered in large blocks on behalf of clients and then profited from little price bumps of the securities that typically occurred when the large orders were executed. He's said to have done this with a brokerage account opened in his

Deal: DraftKings Bids $22B For UK Betting Giant Entain

A certain American company has been on a tear ever since going public last year. It's DraftKings , a sports betting company that's riding the high waves of increased legalization of mobile sports betting in the US and tearing its way into more business as time goes. In the US where DraftKings is based, there's been a wave of legalization of sports betting spurred by the Supreme Court striking down a federal ban on it in 2018. It's such that sports betting is now legalized in more than two dozen US states and more states are considering it. The wave has vaulted DraftKings to high growth thanks to the company being an early mover and working hard to build this growth, DraftKings has spent big money on acquisitions to expand. For example, just last month, the company bought online casino Golden Nugget in a $1.6bn all-stock deal that marked its biggest acquisition to date. Right now and shortly after making its biggest acquisition, it appears that DraftKings is even push

Antitrust: US Sues To Block JetBlue-American Airlines Alliance

American antitrust actions against big companies have been brewing under President Biden, particularly against big tech companies like Faceboo k and Google . But the latest one from the government is targeting an industry far away from tech, the airline industry; The US Justice Department (DOJ) has filed a lawsuit  seeking to block an alliance between American Airlines , a major transnational and domestic airline, and JetBlue , a low-cost domestic airline. The alliance was for JetBlue to handle domestic flights between  Boston and New York City  on behalf of American Airlines with ticket sharing between both airlines. Now, the DOJ appears to be very opposed to the alliance along with the Attorneys General of six US states plus Washington, D.C. that followed it to file the lawsuit. The suit's core allegation is that such an alliance discourages airline competition and may cause fare hikes for everyday flyers. Given its statement, the DOJ actually has a point to make as an alliance

Deal: Blackstone Buys Condor Hospitality's Hotel Assets For $305M

Blackstone , the private equity giant, is yet again adding to its massive commercial real estate portfolio with a big purchase. It's agreed to buy the hotel assets of the  Condor Hospitality Trust , a publicly traded real estate investment trust that's liquidating all its assets and winding down its business. Blackstone will pay $305mn in cash to buy Condor's entire hotel portfolio. The PE firm won't be assuming any debt from the purchase. Condor's portfolio includes 15 hotels in 8 American states, some franchised under prestigious brands like Hilton and Marriott . Hotels are the trust's only business from which it gets all its revenue, and now that it's selling them, the trust has instituted a plan to distribute the sale proceeds to shareholders and close down its operations. Notably, Condor is shutting down after a tumultuous year for hotel operators caused by the pandemic's restrictions on travel and recreation. It, in fact, saw annual sales slip f

Alert: Coding Platform GitLab Files For US IPO

Catching us as a surprise late on Friday, GitLab , a popular coding platform and rival to GitHub,  has filed for an IPO in the US. GitLab is a popular code repository hosting service for software developers and is the 2nd-largest of its kind only beaten by GitHub.  While GitHub sold to Microsoft for $7.5bn three years ago, GitLab has remained independent and now is about to test the waters as a publicly-traded company. GitLab has unveiled its S-1 filing with the US SEC as is usual for companies looking to go public in the US and the S-1 document provides great insight into the GitLab's business with information not publicly disclosed before. Therefore, we'll be extracting some of the most important info from the bulky filing, mostly on its revenue stats. By the Numbers GitLab reported  $152mn in revenue in the fiscal year ended January 2021, compared to $81mn in the preceding year. In the first half of 2021, the company brought in $108mn in sales, compared to $64mn in t

Markets: Korea's Kakao Pay Delays $1.3B IPO To November

In South Korea, Kakao is one of the leading tech giants, best known for its  KakaoTalk messenger app. But like many tech companies, it's long branched out from messaging into other sectors such as gaming and fintech and made strides there. In fintech, Kakao has a separate digital bank ( KakaoBank ) and mobile payments and wallet app ( Kakao Pay ). The Korean tech giant took KakaoBank public this July with an IPO that raised $2.2bn and didn't just stop there. It then sought to take Kakao Pay public in a separate IPO but has hit some obstacles trying to do so. Just as it sought to take Kakao Pay public, the South Korean government toughened regulations on fintech apps. It made Kakao Pay suspend some services like insurance though the suspended services accounted for a minor part of its revenue. Then, Kakao Pay adjusted its IPO fundraising target to $1.3bn , 6% lower than it previously sought. But even with the hiccups, Kakao Pay still sought to go public by October this year

Markets: Covid Testing Provider Cue Health Goes Public

A diagnostics startup that found treasures amid dirt from the Covid-19 pandemic has stamped its success with a successful initial public offering (IPO). It's Cue Health , a little-known startup from San Diego that rapidly switched its focus to making Covid-19 testing kits on the onset of the pandemic and has built a big business with that. Cue Health debuted on the Nasdaq exchange on Friday, the 24th of September, raising $200mn before commissions and other underwriting expenses. Its stock climbed 25% on that day to end trading at $20, giving it a market cap of $2.9bn . Cue Health is one of the significant startup success stories to emerge from the pandemic. Before it started providing Covid testing kits, its annual sales were numbered in the low-digit millions but shot up to $23mn in 2020  on the pandemic's onset and $202mn in the first half of 2021 . Because of its fast pivot to providing Covid testing kits, Cue Health was an early mover. Thus, it got lucrative testing contr

Earnings: Nike's Sales Falter, Shares Drop 6%

Sports apparel giant Nike has dropped its latest quarterly results , showing that its earnings still stand firm despite sales challenges intensified by the Covid pandemic. But though its earnings beat analyst expectations, Nike's stock fell by a significant percentage during trading on Friday due to its sales outlook. Nike posted $12.2bn in sales in the three months ended August 31, 2021, its fiscal 2022 first quarter. Sales were up 12% year-over-year and slightly unchanged from $12.3bn in the preceding quarter. Nike's sales have dropped significantly due to the Covid pandemic that led to widespread closures of its physical retail centers. Even as the pandemic effects gradually wear off, the company is still battling supply chain disruptions caused by it. As usual, most of Nike's quarterly sales came from the  Nike brand ( $11.6bn ), while a minority was from the Converse brand ( $630mn ). For the quarter, Nike's net profit was $1.9bn , up 23% year-over-year and 27%

Markets: Dell Authorizes $5B Share Buyback, Dividend Plan

Dell Technologies (NYSE: DELL) is one of those tech giants that though not lustrous as in their prime, are still going strong with tens of billions of dollars of revenue annually. Others in that camp include IBM, HP, Oracle, et al. In today's news, Dell has announced a new share buyback program of up to $5bn beginning this November. The buyback will start at a projected time when Dell has completed its VMware spin-off that was announced this April, a deal that'll hand over nearly $10bn of cash as a special dividend to it that'll be used to pay down debt. Companies like Dell typically spend billions on share buybacks to stimulate stock growth, companies whose revenues are massive but growing merely in single-digit percentages over the years. Buybacks can be a remedy when revenue growth isn't enough to encourage investor interest. In fact, Dell bought back $562mn  worth of shares in the three months ended July 2021, its most recent fiscal quarter. It concluded the s