The Metaverse has created an even playing field among brands of all sizes. The younger demographic continues to push the digital world forward with each passing day. Total worldwide spend is expected to increase from $12 billion in 2020 to $72.8 billion in 2024. This isn’t hype. These are cold, hard facts.
Unity is laying off hundreds of employees, according to a report from Kotaku. The company's stock price has fallen more than 40% since June 2020, and more than 70% this year alone. According to the report, Unity CEO John Riccitiello told employees two weeks ago that it was on the solid financial footing and would not be resorting to layoffs.
Google is starting to pay for the use of Wikipedia information in its Google Search search. The company is also the first customer for the new product, Wikimedia Enterprise. The service offers access to Wikipedia content to companies that reuse and source it at a high volume. Google has been using Wikipedia information for years to help web searchers.
FCC Commissioner Brendan Carr sent a letter to Apple and Google asking them to remove TikTok from their stores. He cited a recent report that examined leaked audio from 80 internal TikTok meetings. The report found that China-based employees had repeatedly accessed private information on users in the US.
Nikon has unveiled the 20.9-megapixel APS-C Z30, its smallest and lightest Z-series camera yet. Designed for vloggers and creators, it offers a flip-out display, 4K 30p video and a long 125-minute video record time when plugged in. The Z30 competes with Sony's ZV-E10 vlogging camera and has one advantage over its rival: It can shoot 4K at up to 30fps using the full width of the sensor.
The James Webb Space Telescope will release its first full-color images on July 12. The $10 billion telescope will be able to capture images of the universe from deep space. NASA officials say the images will be the first of many more to come. The images will include images of exoplanets' atmospheres, which will help scientists understand life on other planets.
Disney's board unanimously voted to extend CEO Bob Chapek's contract for three more years. His current deal was set to expire in February 2023. ChapeK has felt the pressure to follow in former Disney CEO Bob Iger's footsteps. The new three-year agreement will begin Friday, July 1.
Sony, a master in imaging and cameras has decided to beat Samsung and became the first firm to launch a 1-inch smartphone camera sensor, the IMX989. The Sony IMX989 is going to debut in the Xiaomi 12S Ultra, the device is going to launch alongside the Xiaomi 12S and the Xiaomi 12S Pro on July 4, 2022. You are looking at a 50-megapixel sensor with a native pixel size of 1.5µm, which should result in exceptional low-light performance.
The subscription plan, called “Snapchat+”, comes after the social media company reported a disappointing sales outlook for the current quarter when it reported first-quarter results in April. Launched in nine countries including the U.S., the paid subscription service could help Snapchat diversify its revenue sources if it turns out to be popular. The Plus plan includes pre-release, experimental, and exclusive features such as pinning your close friend as BFF and customizing the app’s icon.
At Coinbase, we’re focused on offering more ways for customers to earn crypto rewards. Today, we’re announcing the expansion of our staking offerings to include Solana (SOL) with plans to continue to scale our staking portfolio in 2022. Solana staking will be progressively rolled out to all eligible customers.