Google is making changes to its business structure as regulatory pressure on the Play Store for Android increases. The company announced that more categories of apps will be eligible to pay significantly less than the usual 30 percent fee, with all subscription-based apps paying a fee of 15 percent.
Twitter has acquired Sphere for an unspecified amount, which is a move that would speed up development for DMs, Communities and Creators. The app focuses on essential messages and clearing out clutter, but also has star power in the tech industry. Sphere is not expected to be re-used as it is currently "winding down" its app.
Jose Cuervo is planning to double-down on its marketing strategy as the industry continues to see growth and more competitors enter the market. This strategy has seen the brand dip its toes into marketing that more heavily prioritizes engagement. The campaign around the holidays in 2020 asked consumers to submit pictures of themselves which the brand then turned into cardboard cutouts and sent to their families.
Instagram is very particular when it comes to the size of your photos, having an exact aspect ratio that works best for it. This means that you have to be precise when editing your photos for Instagram, but it also means that it's easy to predict what your photos will look like once uploaded.
click
The tech giant is planning to announce a rebrand which would include changing its company name, placing Facebook and other apps, including Instagram, WhatsApp and Oculus, under an umbrella company with a new name. This is similar to the structure of Alphabet, the parent company of Google, according to The Verge.
Tesla continued its profitability streak, reporting Wednesday net income of $1.62 billion in the third quarter, a nearly fivefold increase from the $331 million it earned in the same period last year, thanks to record sales and despite a global chip shortage and supply chain constraints that affected the industry.
Netflix Inc. added 4.4 million memberships in the third quarter, more than the company had forecast, as viewers flocked to the streaming platform with the return of popular series and new hits such as “Squid Game.”
The new additions bring Netflix’s total paid global subscriber base to 213.6 million. The company had forecast that it would add 3.5 million memberships in the three-month period.
Facebook is paying a $4.75 million fine and up to $9.5 million to eligible victims to resolve the Justice Department’s allegations that it discriminated against U.S. workers in favor of foreigners with special visas to fill high-paying jobs. Facebook also agreed to train its employees in anti-discrimination rules and conduct more widespread advertising and recruitment for job opportunities.
TikTok is an essential promotional tool for music artists and record labels as songs can rise up organically on the app even if they've been outside the mainstream for decades. Some artists even write songs that directly reference TikTok trends in the hope that it will help it gain steam on TikTok.
The first Bitcoin Futures ETF, ProShares' Bitcoin StrategyETF, was launched today and traded nearly $300 million in shares in 20 minutes, giving investors access to the largest cryptocurrency without buying and storing Bitcoin themselves. The shares were trading under the name BITO, which is tied to Bitcoin's future price.
Apple held its second and likely last hardware event of the fall on Monday, spending about an hour talking about updates to its Mac and Music product lineups. The new MacBook Pros feature 5nm 10-core processors made up of eight high-performance cores and two high-efficiency units, while both laptops represent a return to form for the MacBook Pro line.
