Here we are, a new year has begun and the holidays are behind us. We’ve celebrated, exchanged gifts, taken down our trees, boxed away our holiday decor, and returned or exchanged gifts that weren’t quite right.
Category:
Tech
Everyone knows that the CEO of Amazon, Jeff Bezos, is really rich. Well, he has become even richer!
According to Bloomberg, Bezos has become a $100 Billionaire. Bezos is the first man since Bill Gates to enter the $100 Billion club in 1999. Gates would have been worth $150 Billion if he hadn’t donated so much to charity.
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Sprint and T-Mobile have called off merger talks for the second time in 2 years.
Here is the statement released by T-Mobile.
Bellevue, Washington — November 4, 2017 — T-Mobile (NASDAQ: TMUS) today announced that it has ceased talks to merge with Sprint, as the companies were unable to find mutually agreeable terms.
“The prospect of combining with Sprint has been compelling for a variety of reasons, including the potential to create significant benefits for consumers and value for shareholders. However, we have been clear all along that a deal with anyone will have to result in superior long-term value for T-Mobile’s shareholders compared to our outstanding stand-alone performance and track record,” said John Legere, President and CEO of T-Mobile US, Inc. “Going forward, T-Mobile will continue disrupting this industry and bringing our proven Un-carrier strategy to more customers and new categories – ultimately redefining the mobile Internet as we know it. We’ve been out-growing this industry for the last 15 quarters, delivering outstanding value for shareholders, and driving significant change across wireless. We won’t stop now.”
Press release from Sprint:
Overland Park, Kansas — November 4, 2017 — Sprint (NYSE: S) today announced that it has ceased talks to merge with T-Mobile (NASDAQ: TMUS) as the companies were unable to find mutually agreeable terms.
Sprint President and CEO and SoftBank Board member Marcelo Claure said: “While we couldn’t reach an agreement to combine our companies, we certainly recognize the benefits of scale through a potential combination. However, we have agreed that it is best to move forward on our own. We know we have significant assets, including our rich spectrum holdings, and are accelerating significant investments in our network to ensure our continued growth. As convergence in the connectivity marketplace continues, we believe significant opportunities exist to establish strong partnerships across multiple industries. We are determined to continue our efforts to change the wireless industry and compete fiercely. We look forward to continuing to take the fight to the duopoly and newly emerging competitors.”
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While no one seems to know where he got approved for this massive job, Elon Musk claims to have gotten verbal approval to build a Hyperloop from the government. According to Musk, the Hyperloop would get travelers from Washington, DC to New York in 29 minutes.
Details are yet to come.
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Tim Cook on taking a few years to create the HomePod: “It’s not about being first, it’s about being the best”
written by Ruben Jay
Tim Cook talked to Bloomberg about the new Apple HomePod.
Commentary: I’ve been saying for years that Apple isn’t in the business of being first, they are in the business of being the best. If you look at the last 6 years or so, Apple recreated the Tablets and the industry followed. Samsung beat Apple to the market in mobile pay services, but Apple made it better and became a standard for many retail stores. Blackberry was the standard in smartphones and Apple essential destroyed them in sales to the point where Blackberry is no longer creating hardware. The HomePod has a few competitors and is starting with a huge deficit in potential sales. Amazon’s Echo and Alexa and Google’s Home, Apple has an uphill battle.
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Apple took more than two hours at its 2017 WWDC developer’s conference to announce everything, including a new home speaker device called the HomePod; person-to-person payments using Apple Pay; AR developer functionality for the iPhone and iPad; the addition of Amazon Prime video to Apple TV; the launch of iOS 11 and a Mac OS upgrade called High Sierra; plus updated iMacs, iPads, Apple Watches and more.
Rather than spend two hours catching up, here’s a supercut of the event that clocks in at just a little over six minutes. Sit back and enjoy.