Blackberry shares soared after the company beat analysts earnings forecasts. John Chen, CEO of Blackberry, joined us to break down the results.
Blackberry's results were boosted by an increase in business software sales and licensing revenue. Chen says Blackberry has 2 major focuses. The first is the enterprise software business and the other is the auto sector. Blackberry has been in the auto business for 8-10 years, but made a bigger push about 4 years ago, he points out.
Chen says there are 60 million cars on the roads using blackberry software. Looking forward, the company is working on designing new components such as lane-changing and communication capabilities with other cars and infrastructure. He sees a huge opportunity in the space, emphasizing that about 100 million cars are made every year.
The social media giant has invested $40 million into small businesses across the country with 50 percent of it earmarked for small businesses owned by people of color, women, and veterans.
Roku CFO Steve Louden told Cheddar that the coroanvirus pandemic has only sped up the process of cord-cutting and new viewership on streaming platforms.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Alex Stamos, a security expert, spoke to Cheddar about how videoconferencing company Zoom is working toward improving security amid some challenges.
Dave Shull, TiVo CEO, told Cheddar on Thursday that the company has seen an increase in viewership amid the pandemic, which is why they were undaunted in releasing Stream 4K.
Jim Baumbick, vice president of enterprise product line management at Ford, told Cheddar on Wednesday that the company began shipping respirators to hospitals on Monday and has the capability of producing 12,000 units a week.
As governments around the world consider how to monitor new coronavirus outbreaks while reopening their societies, many are starting to bet on smartphone apps to help stanch the pandemic. But their decisions on which technologies to use — and how far those allow authorities to peer into private lives — are highlighting some uncomfortable trade-offs between protecting privacy and public health.
Companies across a wide swath of industries have found ways to give back to communities in their time of need amid the COVID-19 pandemic.
Workers from some of the biggest companies in the U.S. held walkouts or sick-outs on Friday in honor of May Day to pressure their employers to improve working conditions and pay amid the coronavirus pandemic.
Utah's Lieutenant Governor Spencer Cox and Domo CEO Josh James joined Cheddar to discuss their partnership on testing for COVID-19.
