Tag: gross

Apple is Trying To Drag Valve Into its Ongoing Legal Battle with Epic Games, and Valve Wants Nothing To Do With It

A new court filing has revealed that, as part of the ongoing legal battle between Apple and Epic Games, Apple subpoenaed Valve Software in November 2020, demanding it provide huge amounts of commercial data about Steam sales and operations going over multiple years. From a report: Apple subpoenaed Valve under the basic argument that certain Steam information would be crucial to…

Who’s Actually To Blame For the Texas Power Disaster?

With millions of Texans still without power in the wake of a winter storm and frigid temperatures, everyone is looking for someone to blame. From a report, shared by a reader: Many Democrats are blaming Gov. Greg Abbott (R) for failing to adequately prepare for the storm. Many conservatives are blaming the environmental movement — insisting that frozen wind turbines show…

Stunning picture shows a baby lemon shark learning the ropes

Lemon sharks grow up in the waters around mangrove forests, giving them protection and a place to learn to hunt. Shane Gross captured this photograph on the island of Eleuthera in the Bahamas Source: https://www.newscientist.com/article/mg24933213-000-stunning-picture-shows-a-baby-lemon-shark-learning-the-ropes/?utm_campaign=RSS%7CNSNS&utm_source=NSNS&utm_medium=RSS&utm_content=home…

CNN: Tesla’s Net Profit ‘Doesn’t Come From Selling Cars’

“Tesla posted its first full year of net income in 2020 — but not because of sales to its customers,” reports CNN: Eleven states require automakers sell a certain percentage of zero-emissions vehicles by 2025. If they can’t, the automakers have to buy regulatory credits from another automaker that meets those requirements — such as Tesla, which exclusively sells electric cars….

Spotify’s Big Bet On Podcasts Is Failing, Citi Says

An anonymous reader quotes a report from CNBC: Spotify’s multimillion-dollar bet on podcasting may not be working out, Citi analysts wrote in a note to clients Friday. “The cadence of Premium gross additions (through 3Q20) and app download data (through 4Q20) do not show any material benefit from recent podcast investments (that began in 2019),” the analysts wrote. The firm downgraded…

Apple’s App Store Had Gross Sales Around $64 Billion Last Year and It’s Growing Strongly Again

Apple’s App Store grossed more than $64 billion in 2020, according to an analysis by CNBC. From a report: That’s up from an estimated $50 billion in 2019 and $48.5 billion in 2018, according to the same analysis, suggesting that App Store sales growth accelerated strongly during the Covid-19 pandemic, as people sheltered at home and spent more time and money…

China Wants Hefty Fines For Viral Video Creators Who Binge Food and Drinks

An anonymous reader quotes a report from Gizmodo: Lawmakers in China are considering new legislation that would impose fines against anyone who creates videos where people eat large quantities of food or binge drinks, according to a new report from Chinese state media outlet China News. The proposed media rule, part of broader legislation to discourage food waste, would also allow…

EU Greenhouse Gas Emissions Down 24% Since 1990

Greenhouse gas emissions in the European Union have been reduced by 24% compared to 1990 levels, according to the bloc’s annual climate report, but the EU said Monday it still needs to intensify efforts to keep to its target of making Europe the first climate-neutral continent by mid-century. The Associated Press reports: The EU’s executive arm said Monday that emissions in…

India Enters Recession as Virus Pummels No. 3 Asian Economy

India entered an unprecedented recession with the economy contracting in the three months through September due to the lingering effects of lockdowns to contain the Covid-19 outbreak. From a report: Gross domestic product declined 7.5% last quarter from a year ago, the Statistics Ministry said Friday. That was milder than an 8.2% drop forecast by economists in a Bloomberg survey, and…