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Showing posts with the label investment

Google Invests $22 million In The OS Powering Nokia Feature Phones

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It seems that failed mobile operating systems often get a second chance. Despite impressing many smartphone fanatics with its gesture based navigation, Nokia went one and done with MeeGo, which was offered on 2011"s Nokia N9. While Nokia was looking for a more modern OS to replace Symbian, then-CEO Stephen Elop decided to go with Microsoft"s Windows Phone platform and jettisoned MeeGo, which later evolved into Jolla"s Sailfish OS. Mozilla ended development on its smartphone operating system, Firefox OS, at the beginning of 2017, according to CNET report . But since it was open-source, other companies have used the code for new products. KaiOS is one fork of Firefox OS, and was first released in March of 2017. Google has already developed applications for KaiOS, but now it"s investing $22 million into the company building it. Only a handful of devices have shipped with KaiOS at this point, including the Alcatel OneTouch Go Flip, the Reliance Jio Jio Phone, and the N...

Investments In Education Sector: Private Companies Set The Trend

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Do the colleges need to reform? The question sparked interest in the student and teacher community in the middle of the discussion about how implementing the state standards by the teachers improve the state of readiness for college. From the commercial angle, many education companies put forward methods to augment the learning process. Education is a low paying investment option Knowing the latest methods, in education practices, do not show immediate results. Among the growth study patterns conducted recently, Education companies in United States did not show much increase in revenue. Those who wanted to make money invested in the sales and marketing side rather than on the education side. So much so, even pioneers in the education field like Udemy saw teachers upload classes that they sold for $20 - $100. There is a mind-set that favours more time for the teachers to collaborate. Given enough interaction opportunities, the teachers could get fresh ideas and share their thoughts on ...

Uber To Sell Its Southeast Asia Business To Rival, Grabs

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It is no longer news that the ride-hailing giants has businesses in most part of the world including Southeast Asia , but the news is that Uber today Monday, signed a deal to sell its business  to SouthEast Grab ,  it"s rival in the region.  As part of the procurement, Uber will take a 27.5 percent stake in Grab, with Uber CEO Dara Khosrowshahi joining Grab"s board. Grab will take over all of Uber"s businesses, including its ride-sharing, food delivery and payments and financial services in Cambodia, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam, according to a statement. Asia isn"t the first place Uber is retreating. The ride-hailing company sold its operation in China to Didi Chuxing its rival, which is one of the country"s biggest ride sharing provider, in August 2016. Rumours about Grab’s acquisition have been swirling since Softbank an investor with Grabs confirmed its investment in Uber last December. Grab has raised more th...

Here"s Why The US President Blocked The $117b Singapore Based Broadcom Buyout Of Qualcomm

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US President Donald Trump blocks Broadcom buyout of Qualcomm Looks like the big competition to Intel may not be happening after all as its shares jumped over 4%, hitting a record high of $53.76, Tuesday morning after US President Donald Trump blocked Broadcom’s proposed $117 billion buyout of Qualcomm . The arrangement would have made a noteworthy competitor for the chip maker. Intel, which generally has not been a noteworthy player in mobile chips, has been attempting to develop its essence in the fragment and even considered entering a contending offer for Qualcomm to fight off the risk of expanded rivalry. Citing national security concerns, President Donald Trump on Monday blocked a Singapore-based company from buying the American Qualcomm even as some accuse him of pushing his "protectionist" agenda forward in spite of concerns such moves could attract a retaliation from other countries.  In a White House website post , the US President said “There is credible evide...

Dropbox To Raise $648M In IPO, To Sell 36M Shares At $16 To $18 A Share Even As Valuation Dips To $7b

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Dropbox Inc. on Monday file for an initial public offering (IPO) 36 million shares, giving the organisation an over $7 billion valuation. Dropbox, which intends to raise $648 million at the best end of the range, anticipates that its introduction price will anything between $16 and $18 per share. The investment arm of Salesforce has consented to purchase $1 million of Dropbox"s Class A common stock privately at a cost for each offer equivalent to the IPO. Before now, some funding rounds had valued the San Francisco-based Dropbox at $10b even though some others were doubtful. There has been a dispute between the figures provided venture capitalist companies and Wall Street for a long time now. From Snapchat to Spotify and now Dropbox, going public has proved difficult for new comers with the exception of Jack Ma’s Alibaba. The three billion dollar drop in valuation is a pointer to disparities between private funders who want these companies to remain private and public investors. D...

Former Uber CEO Travis Kalanick Plotting Comeback With New Investment Fund

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Kalanick, who stepped down as CEO of Uber in June 2017 , said Wednesday that he"s now involved in something else other than ride hailing and this time it’s an investment fund  called 10100. [caption id="attachment_7316" align="alignnone" width="4115"] Former Uber CEO Travis Kalanick pictured here [/caption] Pronounced “ten one hundred," will focus on real estate, web based business/ecommerce, and other innovative ideas in China and India. The former Uber CEO announced this on Twitter and other social media networks. The emphasis on two of the world"s quickest developing economies will take Kalanick back to where Uber confronted some of its hardest difficulties. [xyz-ihs snippet="Kalanick-startup"] You"ll recall that Uber had to sell of its Chinese business to rival Didi Chuxing in 2016 because it could not break into the market due to fierce competition from the latter. Apple didn"t make it easier for them by investing ...