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Nintendo's Mario Kart mobile game won't launch until the summer
Jan 31, 8:35AM
It’s been a long year for Nintendo fans waiting on Mario Kart to come to mobile and, unfortunately, more patience is required after the game’s launch was moved back to this summer. Nintendo announced plans to bring the much-loved franchise to smartphones one year ago. It was originally slated to launch by the end of March […]
Partech is doubling the size of its African venture fund to $143 million
Jan 31, 8:05AM
Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Zimbabwe's government faces off against its tech community over internet restrictions Flutterwave and Visa launch African consumer payment service GetBarter Partech has doubled its Africa VC fund to $143 million […]
Samsung posts fourth-quarter profit drop, warns of weak demand until the second half of 2019
Jan 31, 7:50AM
Samsung Electronics reported its largest quarterly profit decline in two years during its earnings report today. As the Galaxy maker warned in its earnings guidance earlier this month, its results were hurt by slower-than-expected demand for semiconductors, which had bolstered its earnings in previous quarters even when smartphone sales were slow. Samsung's forecast was also […]
Grab raises $200M from Thailand-based retail conglomerate Central Group
Jan 31, 3:47AM
Grab’s fundraising push continues unabated after the Southeast Asian ride-hailing firm announced that it has raised $200 million from Central Group, a retail conglomerate based in Thailand. Central’s business covers restaurants, hotels and more than 30 malls in Thailand, while it has operations in markets that include Vietnam and Indonesia. Its public-listed holding companies alone are worth more […]
New York cracks down on companies that sell fake followers
Jan 31, 3:15AM
On Wednesday New York Attorney General Letitia James announced that her office had reached a settlement with Devumi, a company that made millions selling fake followers to unsuspecting customers. The state of New York found that Devumi had engaged in illegal deception and illegal impersonation in the course of fluffing up social media profiles with its […]
Tesla says the Model Y is coming in 2020
Jan 30, 11:58PM
The Tesla Model Y — the SUV electric vehicle that CEO Elon Musk has been teasing and talking about since 2015 — will begin volume production by the end of 2020, the company said Wednesday in a letter to shareholders. The automaker, which has yet to show a prototype of the vehicle, said it will […]
With its Greenlots acquisition, Shell is moving from gas stations to charging stations
Jan 30, 11:53PM
In a bid to show that it’s getting ready for the electrification of American roads, Royal Dutch Shell is buying Greenlots, a Los Angeles-based developer of electric vehicle charging and energy management technologies. Shell, which is making the acquisition through its Shell New Energies US subsidiary, snatched the company from Energy Impact Partners, a cleantech-focused […]
Tesla CFO Deepak Ahuja is retiring
Jan 30, 11:41PM
At the tail end of Tesla’s earnings call today, Elon Musk dropped a surprise bit of news: the company’s CFO, Deepak Ahuja, will be retiring. “There is no good time to make this change,” said Ahuja, but noted that after two back-to-back profitable quarters, now might be the best time. Ahuja first served as Tesla’s […]
Elon Musk wants Teslas to automatically call a tow truck when something breaks
Jan 30, 11:17PM
As Tesla ramps up production and gets more cars on the road, the company is still working out a few speed bumps when it comes to service. When something goes wrong, getting it fixed tends to take longer than many owners are willing to wait. In September of last year, Elon Musk promised to make […]
Elon says Tesla might unveil its pickup truck 'this summer'
Jan 30, 11:03PM
Tesla is building a pickup truck. We’ve known that for a few years now. But when? In an earnings call this afternoon, Elon Musk said that he’s hoping to unveil the truck this summer. “It will be… unique,” he added. Note, of course, that “unveil” doesn’t mean “ship.” That, presumably, won’t happen for a while. […]
The Criterion Channel streaming service is coming on April 8
Jan 30, 11:02PM
The Criterion Collection’s streaming service has a launch date: April 8. The company had previously made its library of classic art-house and international films available through streaming partners — first Hulu, then FilmStruck. However, FilmStruck shut down last fall, apparently a victim of its corporate parent WarnerMedia’s bigger streaming plans. Criterion subsequently announced that it […]
Meet the 20 startups in this year's GCT Startup-in-Residence program
Jan 30, 10:48PM
At the end of last year, Grand Central Tech announced plans to work with the Milstein real estate family to transform a midtown Manhattan high-rise into a tech hub called Company. And startups remain an important part of the mix — in fact, Company is unveiling a list of 20 startups participating in this year’s […]
Electric scooter startup Grin merges with Brazil-based Yellow
Jan 30, 10:23PM
Consolidation in the micromobility space has arrived — in Brazil, at least. A few months after Y Combinator-backed Grin merged its electric scooter business with Brazil-based Ride, it’s now merging with Yellow, the bike-share startup based in Brazil that has also expressed its ambitions to get into electric scooters. If Yellow sounds familiar to you, […]
Facebook plans new products as Instagram Stories hits 500M users/day
Jan 30, 10:18PM
Roughly half of Instagram’s users 1 billion users now use Instagram Stories every day. That 500 million daily user count is up from 400 million in June 2018. 2 million advertisers are now buying Stories ads across Facebook’s properties. CEO Mark Zuckerberg called Stories the last big game-changing feature from Facebook, but after concentrating on […]
Google+ for consumers will shut down on April 2nd
Jan 30, 10:08PM
It’s no secret that Google planned to pull life support from the consumer version of Google+, its failure of a social network, in April. Until now, though, we didn’t know the exact date. That date, Google announced today, is April 2. On that date, Google will start deleting all content, including Google+ pages, photos and […]
PayPal revenues miss but growth is strong from new acquisitions
Jan 30, 10:01PM
PayPal revenues missed, but strong growth from its recent iZettle and Hyperwallet acquisitions and booming business at Venmo point to a strong outlook for the payments giant. In all, PayPal saw revenues for the quarter of $4.23 billion against analysts’ estimates of $4.24 billion, according to data from Yahoo Finance. Earnings per share at the […]
The forthcoming WarnerMedia streaming service will be partially supported by ads
Jan 30, 9:53PM
In November, AT&T opened up about its plans for its forthcoming WarnerMedia streaming service, which aims to leverage the entertainment properties AT&T gained by way of its Time Warner acquisition last year. The company said the service will have three tiers — an entry-level, movie-focused service; a premium tier with original programming and blockbusters; and a […]
Tesla reports back-to-back profitable quarters
Jan 30, 9:47PM
Tesla reported Wednesday a profit of $139 million, or $0.78 a share, and better-than-expected sales, yet failed to meet analysts’ expectations for earnings in the fourth quarter. Shares fell after the markets closed and are down 1.7 percent as of 2:30 pm PT. Tesla has managed to string together two profitable periods in a row […]
Microsoft Azure revenue growth slows in Q2
Jan 30, 9:29PM
Microsoft announced its quarterly earnings today. For the most part, those earnings came in around Wall Street’s expectations, without any major surprises and a total revenue of $32.5 billion. Given the company’s bets on cloud computing, what’s maybe most important, though, is that Azure recorded revenue growth of 76 percent. That’s the same growth the […]
Facebook shares shoot up after strong Q4 earnings despite data breach
Jan 30, 9:14PM
Facebook managed to beat Wall Street’s estimates in its Q4 earnings amidst a constant beat down in the press. Facebook hit 2.32 billion monthly users, up 2.2 perecent from 2.27 billion last quarter, speeding up its growth rate. Facebook climbed to 1.52 billion daily active users from 1.49 billion last quarter for a 2 percent […]
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