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Category Archives: Tech
How to Safeguard Your Brand Against Economic Downturn
In times of economic downturn, it’s no surprise that marketing budgets are the first to get cut. The percentage of overall revenue allocated to marketing budgets dropped by 4.4% between 2022 and 2023. The instability of the fluctuating economy over … Continue reading
Twitch to shut down in Korea over ‘prohibitively expensive’ network fees
Twitch plans to shut down its business in South Korea on February 27, it said, after finding that operating in one of the world’s largest esports markets is “prohibitively expensive.” In a blog post, Twitch CEO Dan Clancy said the … Continue reading
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Avenir seeks to raise $800M for new fund
Avenir Growth Partners is seeking to raise $800 million for its fifth fund, it disclosed in a securities filing, two years after it began the paperworks for raising its IV fund. It ended up raising about $780 million for the … Continue reading
Discord reimagines its mobile app to showcase its best social features
Discord launched a major refresh of its mobile app on Tuesday, putting messaging front-and-center while making a host of small improvements that users have been asking for. Inspired by user feedback, the redesigned app tailors the mobile Discord experience for on-the-go … Continue reading
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Apple warns India’s EU-style charger rules will hit local production target
Apple has warned India that its local production targets will be impacted if it follows the lead of the European Union to require existing iPhones to have universal charging ports. A Reuters report detailed an official government document on the … Continue reading
Facebook owner Meta faces $600m lawsuit from Spanish media
Meta, the parent company of Facebook, has been hit with a €550 million ($600m) lawsuit by AMI, an umbrella group that represents 83 Spanish media outlets. As reported by Reuters, the class action has been taken due to a claim … Continue reading
Ericsson wins over Nokia in pivotal $14B AT&T network upgrade
Ericsson has clinched a monumental $14 billion contract to modernize AT&T Inc.’s wireless network, according to a recent Bloomberg report. This deal, focusing on the development of an open network, marks a pivotal shift in the industry and a notable … Continue reading
Crypto industry sets new record in lobbying spending amid regulatory challenges
The cryptocurrency industry is on track to set a new record for federal lobbying spending in 2023. According to data from OpenSecrets and reported by Reuters, a nonprofit research group, crypto companies have already spent $18.96 million on lobbying in … Continue reading
Amazon attacks Microsoft in UK cloud market probe
Amazon has criticized Microsoft’s business practices in a letter to the United Kingdom’s (UK) competition authority. The online retailer claimed its rival used tactics to “restrict customer choice” in a 17-page letter to the country’s Competition and Markets Authority (CMA), … Continue reading
Ex-OpenAI director Reid Hoffman says we still don’t ‘fully know’ why board forced out Altman
Reid Hoffman, who sold LinkedIn to Microsoft and previously served as an OpenAI director, said he’s still not sure why the board pushed out Sam Altman