CNN Business has learned that the once-popular live mobile trivia game “HQ Trivia” is shutting down. From the report: When HQ launched in 2017, its first game HQ Trivia quickly attracted millions of people across the world who stopped whatever they were doing twice a day to play the game on their smartphones. The company was profiled by The New York…
Tag: investors
YouTube Says it Paid the Music Industry More Than $3 Billion Last Year
YouTube says it paid the music industry more than $3 billion last year. “YouTube offers twin engines for revenue with advertising and subscribers, paying out more than $3 billion to the music industry last year from ads and subscriptions,” YouTube CEO Susan Wojcicki wrote in a blog post Friday. From a report: The latest figure hints at how much of the…
Robot Analysts Outwit Humans on Investment Picks, Study Shows
They beat us at chess and trivia, supplant jobs by the thousands, and are about to be let loose on highways and roads as chauffeurs and couriers. Now, fresh signs of robot supremacy are emerging on Wall Street in the form of machine stock analysts that make more profitable investment choices than humans. From a report: At least, that’s the upshot…
The Municipal Bond Market Is Using Geospatial Data For Climate Risk Evaluation
mikeebbbd shares a report from Los Angeles Times: The $3.8-trillion municipal-bond market has found a new tool in its effort to understand the effects of climate change: satellites orbiting Earth. Assessing climate risks is a particularly vexing problem given that U.S. state and local governments tend to give investors information that’s too little or just too late. But the use of…
SpaceX Plans a Spinoff, IPO For Starlink Business
Thelasko shares a report from Bloomberg: Elon Musk’s SpaceX plans to spin out and pursue a public offering of its budding space-internet business Starlink, giving investors a chance to buy into one of the most promising operations within the closely held company. Space Exploration Technologies Corp. has already launched more than 240 satellites to build out Starlink, which will start delivering…
Theranos’ Elizabeth Holmes Represents Herself at Trial After Lawyers Say She Stiffed Them
McGruber quotes the Mercury News: In her regular attendance at the San Jose federal courthouse for hearings in her high-stakes criminal fraud case, Theranos founder Elizabeth Holmes has been flanked by expensive lawyers. But in an Arizona civil case, she took part in a hearing this week representing herself, and by phone, according to a report Friday. Holmes has seven lawyers…
Ready For Meat Grown From Animal Cells? A Startup Plans A Pilot Facility
Memphis Meats, a Berkeley, Calif.-based startup, says it’s one step closer to bringing cell-based meat to consumers’ mouths. From a report: The company plans to build a pilot production facility with funds raised from high-profile investors including Bill Gates, Richard Branson and Kimbal Musk, as well as two giant players in the animal protein and feed space, Cargill and Tyson Foods….
Facial Recognition Database With 3 Billion Scraped Images ‘Might End Privacy as We Know It’
One police detective bragged that photos “could be covertly taken with a telephoto lens” then input into Clearview AI’s database of more than three billion scraped images to immediately identify suspects. Long-time Slashdot reader v3rgEz writes: For the past year, government transparency non-profits and Open the Government have been digging into how local police departments around the country use facial recognition….
NBC’s New Peacock Streaming Service Is Just One Big Ad-Injection Machine
Comcast’s NBCUniversal is launching a new streaming service in April called Peacock. With three pricing tiers from free to $10 per month, Comcast wants Peacock “to be an ad delivery system to destroy all others in its path,” writes Ryan Waniata via Digital Trends. From the report: In a shockingly long investor call, NBC revealed its big new strategy for delivering…
Apple AirPods Make More Money Than Spotify, Twitter, Snapchat, and Shopify Combined
An anonymous reader shares a blog post from Kevin Rooke, investment specialist and co-founder of blockchain marketing agency agency0x: Imagine a startup with $12 billion of revenue, 125%+ YoY revenue growth (two years in a row), and Apple-esque gross margins (30-50%). Without knowing anything else about the business, what would you value it at? $50 billion? $100 billion? More? That’s Apple’s…