The tech world is buzzing ahead of Apple's next live event, which is scheduled for this month. Cheddar News senior reporter Michelle Castillo has the latest on what to expect from the event and what products could be the next hot ticket items.
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Firefly CEO Says Smart Screen Tech Will Boost Pay for Ridesharing Drivers, Provide Data to Cities
Firefly is a car-top digital smart screen that benefits ridesharing drivers by giving them a new source of income ー and helps their home cities by providing them with new streams of data, the company's CEO told Cheddar. "We placed digital smart screens on top of taxi and rideshare cars, and thereby we serve location and time-targeted outdoor advertisements, at the same time our smart screen generates a lot of smart screen data which we share back with municipalities and cities," said Firefly's co-founder and CEO Kaan Gunay.
Social Media Fuels Innovation Opportunity in Travel, Trivago CEO Says
Social media has helped fuel massive opportunity in the travel industry, but with opportunity, comes cutthroat competition, Trivago CEO Rolf Schrömgens said Wednesday. "People are really traveling in general more. They want to experience stuff, they don't want to buy stuff anymore," Schrömgens told Cheddar.
Need 2 Know: State of the Union, Facebook Unsend
These are the headlines you Need 2 Know for Wednesday, Feb, 6, 2019.
Abra to Let Users Invest in Traditional Stocks with Cryptocurrency
Abra, a five-year-old crypto company that has historically been focused on remittances, is starting to look like a fintech app itself; it will soon give users the ability to use their bitcoin to invest in traditional assets “like Apple, Amazon, gold and the S&P 500," according to a customer email it sent late Tuesday.
N.Y. Sen. Gianaris: Gov. Cuomo Is Behaving Like a 'Petulant Child' in Battle for Amazon Outpost
Amazon may have met the David to its Goliath in the epic battle for Long Island City ー provided that Gov. Cuomo doesn't stand in his way. State Sen. Michael Gianaris, who represents New York's 12th district, including Amazon's planned Long Island City outpost, said the tech giant's plan ー promising 25,000 jobs in exchange for billions in city funds ー doesn't even merit negotiation.
Disney Shares Soar After Parks, TV Revenue Help Boost Quarterly Earnings
Shares of Disney jumped after the bell on Tuesday, boosted by revenue growth in its television and parks divisions. The report was good news for investors looking to gauge Disney’s strength as it deepens its direct-to-consumer offerings in an effort to compete against rivals like Netflix and Apple.
Snap Soars After Q4 Results Point to Turnaround Progress
Shares of embattled social media company Snap soared more than 16 percent in extended trading on Tuesday, after beating Wall Street's expectations for its fourth-quarter financial results and reporting relatively stable daily active users year-over-year. Wedbush's Dan Ives said the results showed signs of progress.
Viacom CFO Wade Davis Sees Strong Future in 'Free Price Point' TV Bundles
Viacom CFO Wade Davis says the company's recent acquisition of Pluto TV gives it a competitive advantage as it vies for consumers in a saturated market."The market for video products has been segmenting for some time now," Davis told Cheddar Tuesday. "With this segmentation, consumers have become a lot more value conscious, and we think that that underscores the opportunity in what we talk about as the free price point."
Cybersecurity Startup Blue Hexagon Raises $31 Million From Benchmark, Altimeter
Blue Hexagon, a company focused on protecting companies from cyberthreats, has raised $31 million from Benchmark Capital and Altimeter Capital, which called the startup's deep learning technology a "game changer" in cybersecurity.
