Category:

Tech

Dish Network sees profit growth while they see subscribers purged

Dish Network, the paid satellite-TV service, posted an 88% profit growth while they lost hundreds of thousands of customers.

On Monday, Dish announced that they lost 133,000 customers for their TV service in the fourth quarter. Last year, the company lost almost 200,000 during the same time period.

Peter Supino, an analyst from Bernstein, says the improved results come from fewer people changing services and price increases. While the net loss of users is 133,000, the company lost 149,000 and gained 16,000 users. The gain came to the company’s owned Slint TV service.

The New York Post says “fourth-quarter profit reached $733 million, or $1.24 a share compared with $389 million, or 69 cents in the year-ago quarter. Revenue grew 41 percent to $4.56 billion compared with the $3.24 billion, a year earlier.” According to the report, prices rose to $94.47 from $87.

23 February, 2021 0 comment

Business Tech

Apple reportedly reached out to Nissan for car development

written by Ruben Jay

Apple has reached out to Nissan to develop an autonomous electric car, The New York Post reports.

An Apple Car has been rumored to be Apple’s next big reveal for almost a decade now. While Apple reached out to Nissan for a car development deal, neither party was willing to let the other’s branding take the lead on the project. The Post says that the deal fell apart when it to discussion of it being an Apple Car by Nissan or a Nissan Autonomous Car by Apple.

“No way we are going to change the way we make cars,” Ashwani Gupta, Nissan’s chief operating officer told the paper. “The way we design, the way we develop, and the way we manufacture is going to be as an automotive manufacturer, as Nissan.”

Nissan is one of two companies that Apple has approached recently. Hyundai is the other. Apple hopes to release a car by 2024.

20 February, 2021 0 comment

Business Featured Tech

Jeff Bezos is stepping down as CEO of Amazon

written by Ruben Jay

The second richest man in the world is stepping down from his role as CEO. However, he isn’t going anywhere.

Jeff Bezos is stepping down as CEO of Amazon!

Bezos founded Amazon 27 years ago in his home. The news broke early Tuesday morning in a letter from Bezos to employees. While Bezos will not longer be the CEO, he will still be serving as the executive chairman of Amazon’s board.

Amazon, which originally started selling books in 1997, is now a company worth $1.6 Trillion dollars (Yes, Trillion). The move to shake up Amazon’s executive leadership comes as a surprise to almost everyone but Wall Street has reacted well.

Bezos says he plans to spend more time on “other passions” including his Blue Orgin space exploration company, The Washington Post, as well as charitable organizations Day 1 Fund and Bezos Earth Fund.

“As much as I still tap dance into the office, I’m excited about this transition,” said Bezos

Amazon Web Service is the cash cow for Amazon.

CEO of Amazon Web Services, Andy Jassy, is set to replace Bezos. The transition will happen in the 3rd Quarter. Jassy’s replacement in AWS has not been named.

2 February, 2021 0 comment

Business Tech

Judge says Amazon won’t be forced to host Parler

written by Ruben Jay

The free speech focused social media app Parler has seen its first loss in their lawsuit against Amazon.

Parler sued Amazon after the e-commerce giant kicked the platform off their web hosting service. Amazon claims that Parler didn’t do enough to “moderate violent content.”

Parler has asked the courts to order Amazon to allow Parler on their servers as they waited for a final judgement from the court. On Thursday, US district Judge Barbara Rothstein said the social media site did not present a convincing argument.

If Parler isn’t able to open back up to the public soon, they may go out of business for good.

21 January, 2021 0 comment

Business Tech

Parler is back online, but not open just yet

written by Ruben Jay

Parler, the social media app that has cause so much drama, is back online after being taken down by Apple. Google, and Amazon Web Service.

John Matze, the founder and CEO of Parler, posted a message for their “Lovers and Haters” on their website.

Now seems like the right time to remind you all — both lovers and haters — why we started this platform. We believe privacy is paramount and free speech essential, especially on social media. Our aim has always been to provide a nonpartisan public square where individuals can enjoy and exercise their rights to both.

We will resolve any challenge before us and plan to welcome all of you back soon. We will not let civil discourse perish!

This is a developing story. Please check back for updates.

17 January, 2021 0 comment

Business Entertainment Streaming Tech

Roku in talks to buy Quibi

written by Ruben Jay

Remember Quibi? No? Well, it might not be dead yet.

Well, the shows on Quibi might not be dead yet. Quibi is the failed streaming service that was designed for short form entertainment that ultimately burned through billions of dollars. Late last year, Quibi announced they would be shutting down.

Now, Roku is looking to buy their short form shows. The New York Post is reporting that the television streaming app may make a bid to but the shows from Quibi. According to the report, Roku would place the shows on their own Roku Channel which currently airs other companies shows.

Financial term have not been disclosed.

5 January, 2021 0 comment

Business Tech

Elon Musk reveals he wanted to sell Tesla to Apple

written by Ruben Jay

Apple has purchased many companies over the years and Tesla is not one of them.

Tesla CEO Elon Musk says that he attempted to open discussions to sell Tesla to Apple during the companies rough years. However, Musk was unable to get a meeting with the Apple CEO Tim Cook.

“During the darkest days of the Model 3 program, I reached out to Tim Cook to discuss the possibility of Apple acquiring Tesla (for 1/10 of our current value),” Musk tweeted Tuesday. “He refused to take the meeting.”

There are plans for Apple to produce an Apple Car.

22 December, 2020 0 comment

Business Tech

Twitter CEO Jack Dorsey gives $15 million to cities for guaranteed income

written by Ruben Jay

Capitalism is at work with Jack Dorsey donating $15 million to cities to guarantee income to its residents. This is Dorsey’s second gift toward this initiative.

Dorsey announced on Tuesday that he is giving $500,000 to cities taking part of this program for this guaranteed income pilot program. Some of the cities participating in the program include St. Paul, Minnesota, Compton, California, and Stockton, California.

According to the New York Post, some cities are spreading the wealth across their city. Pittsburgh for example is planning on giving 200 residents $500 a month for 2 years. In Richmond, Virginia, 18 families will be getting direct support from the cities to “to meet immediate needs and build wealth…”

“Thank you … to all the Mayors of @mayorsforagi for these universal basic income pilots!” Dorsey tweeted Tuesday. “I hope they inform federal policy in the future.”

9 December, 2020 0 comment

Business Entertainment Tech

Howard Stern inks new deal at SiriusXM

written by Ruben Jay

Howard Stern has signed a new 5-year contract with SiriusXM radio.

The contract renewal comes a few weeks before Stern’s deal was set to expire. Stern has been with SiriusXM for 15 years. According to Stern, the deal will keep him exclusively on SiriusXm for 5 more years and give the company rights to his audio and video library for an additional 7 years.

“I’ve been proven right about satellite radio over and over again,” Stern said in a statement. “With this contract renewal, I can’t wait to see what else I’ll be right about.”

“Certainly, I have a lot more to say about Metamucil crackers and stepmom porn,” the provocative broadcaster continued. “Plus, now that I can work from home, I simply don’t have an excuse to quit.”

While Sirius did not reveal the financial terms of the agreement, it has been reported that they were prepared to offer Stern $120 million a year. Sterns previous agreement was rumored to be $80-100 million a year.

While negotiations between Stern and Sirius stagnated, word had gotten out that Spotify has made an offer to Stern.

“Howard’s home has been SiriusXM and it will remain that way, but we’ve expanded SiriusXM in recent years too, and we are excited about finding the right ways that select content from Howard can find audiences on additional platforms,” said Sirius CEO Jim Meyer, who’s slated to retire at the end of the year.

8 December, 2020 0 comment

Business Tech

TikTok might be allowing 3 minute long videos

written by Ruben Jay

The New York Post is reporting that social media app TikTok may be allowing 3-minute long videos.

TikTok has become popular for short-form video such as dance trends, comedy quips, and some political awareness videos. The change was spotted by social media consultant Matt Navarra and posted a screenshot of the update to Twitter.

If TikTok is able to pull this off, this could be the first real competitor to the Alphabet owned Youtube. At 3-Minutes, TikTok would be able to offer midroll ads and help creators monetize their content even better.

2 December, 2020 0 comment