Former president Donald Trump isn’t one to mince words. The brash Republican nominee for president has made it clear he’s not a fan of electric vehicles or clean energy and promised to “drill, baby, drill” for more oil. But what would a second Trump administration mean for the EV industry? – William Gavin Read More
Amazon’s plan to make money through its Alexa-enabled devices has reportedly not paid off — and is actually losing the company billions of dollars.
The online retail giant lost over $25 billion from its Echo, Kindle, and other devices from 2017 to 2021, the Wall Street Journal reported, citing internal documents and unnamed people familiar with the matter. While Amazon counts hundreds of millions of customers for its devices, its Alexa-enabled Echo speakers are reportedly used more for setting alarms and other free apps, and less for shopping on Amazon. – Britney Nguyen Read More
Spotify reported another quarter of record profits one year after it raised the price of its Premium plans for the first time ever.
The Swedish audio streaming company reported an operating income of 266 million euros ($289 million) in the second quarter, compared with a loss of 247 million euros ($268 million) a year ago. Monthly active users grew 14% annually to 626 million. – Rocio Fabbro Read More
Google’s shiny offer to buy up a cybersecurity startup seems to have fallen short.
TechCrunch, citing an unnamed source familiar with the matter, reports that Wiz rejected Google’s $23 billion acquisition offer.
“Saying no to such humbling offers is tough, but with our exceptional team, I feel confident in making that choice,” CEO Assaf Rappaport, said in an email to Wiz’s 1,200 employees. He said that although he was flattered by the offer, the company’s leadership team has decided to continue building Wiz — and work towards an IPO. – Rocio Fabbro Read More
Wiz backing out of the Google deal could have big implications for Microsoft, analyst says
Wedbush analyst Dan Ives says tech giants are probably looking to beef up their cybersecurity businesses
