Michael Simon, staff writer for PC World, discusses Apple's 11.3 iOS announcement, as well as the HomePod which is now available for pre-order. He also explores what China's first ever annual decline in phone shipments could mean.
Simon says iOS 11.3 will finally allow users to check the health of their batteries, a growing issue for customers. The iOS 11.3 will also offer new Animojis. Apple says the update is due out this spring.
Simon also discusses Apple's new HomePod, now available for pre-order. While the company has a loyal following of people who will definitely purchase the product, he doesn't see most people paying $349 when Amazon's Echo is just $99. Concerning China's decline in phone shipments, Simon says Americans will always buy new phones for new features, but China is a different market and Apple will need to learn how to adjust.
Anthony Sassine, a senior investment strategist at KraneShares, joined Cheddar to discuss Rivian's historic public debut after the company achieved an $86 billion valuation — more than either Ford or GM. He said the big IPO was a great opportunity for the U.S. to position itself as a leader in the EV space after lagging behind Europe and China. "When you have certainty for growth for the next 10 to 15 years, investors are willing to pay more," he said. "So, this is a massive opportunity for the whole space."
The Department of Justice has filed a lawsuit against Uber, alleging the ride-hailing company discriminates against customers with disabilities. The DOJ is arguing that its two-minute wait period before a cancellation fee is applied violates the Americans With Disabilities Act.
Food delivery giant DoorDash is acquiring European food delivery company Wolt. The all-stock deal is valued at $8.1 billion and is expected to close in the first half of 2022. The companies say they share a mission to build a global delivery platform. Gerber Kawasaki investment advisor Eva Agi joins Cheddar News' Closing Bell to discuss what the deal means for Doordash, as well as its customers and investors.
Identity verification startup Socure recently raised $450 million dollars in a series E round, bringing the company's valuation to $4.5 billion. Socure says it is now the highest-valued private company in the identity verification space, and that the funds will be used to accelerate its mission to verify 100% of good identities and eliminate identity fraud across all industries. Socure Founder and CEO Johnny Ayers joins Cheddar News' Closing Bell to discuss.
