Tag Archive: billion

UK’s Virgin Media and O2 to merge in $38 billion deal

Liberty Global and Telefónica are merging their U.K operations.

What you need to know Two of the UK’s biggest telecoms companies are merging. O2 and Virgin Media are joining forces in a 50-50 venture. The deal is said to be worth some £31 billion ($ 38 billion).

Telefónica has today announced that it is merging its U.K operations with Liberty Global, meaning that Virgin Media and O2 are coming together in a 50-50 joint venture.

A press  [Read More…]

TikTok registers 2 billion global downloads according to latest data

Over 75% of those downloads came from Android users…

What you need to know Data suggests TikTok has surpassed 2 billion global downloads.. TikTok has also generated over $ 450M in spending. Its Q1 performance has been record-breaking.

Popular video app TikTok has surpassed 2 billion global downloads on iOS and Android, according to the latest data from Sensor Tower

The report states:

Social video app TikTok from ByteDance has been downloaded more than 2 billion times  [Read More…]

Alphabet posts strong $41 billion in Q1 revenue despite coronavirus impact

A relatively strong quarter comes in under the shadow of coronavirus-forced issues ahead.

What you need to know Alphabet’s Q1 2020 revenues were $ 41 billion, up 13% year over year. Ad revenue experienced a “significant slowdown” in March, but YouTube ads still gained 33% year over year. Google’s “other” revenues, including its hardware division, posted revenues up 22% year over year.

Alphabet’s first quarter earnings are in, and Google’s parent company posted another slate of relatively  [Read More…]

Facebook invests $5.7 billion in Jio to bring e-commerce to WhatsApp

Facebook invests wants to bring small businesses to WhatsApp, and it’s looking to achieve that by investing in Jio.

What you need to know Facebook just became Jio’s largest minority shareholder by shelling out $ 5.7 billion to acquire a 9.99% stake in Jio Platforms. Jio has transformed India’s telecom market in the last four years, and now has 388 million subscribers. Facebook says the investment in Jio will allow the social network to ‘open up commerce  [Read More…]

Elite: Dangerous – Fleet Carriers detailed, cost 5 billion credits

There are a lot of changes coming.

What you need to know Elite: Dangerous is a popular space simulator by Frontier Developments. The game is getting a massive expansion soon. The developer detailed a number of changes coming with the package. The base model Fleet Carrier costs 5 billion credits.

Elite: Dangerous is an excellent space simulator that features a massive open galaxy and plenty of activities. It came out on Xbox One a few years ago  [Read More…]

Huawei’s Google blacklist led to a $12 billion revenue shortfall in 2019

Without Google apps, Huawei’s hardware loses its appeal for most.

What you need to know Huawei has been unable to work with Google since its inclusion on the Entity List in May 2019. The company thought it could handle the loss by creating its own replacement for Google’s services on top of its already good hardware. Huawei was in-fact not able to handle it and reported a shortfall of $ 12 billion.

Huawei’s first year without Google  [Read More…]

Google’s G Suite, which includes Docs, just surpassed 2 billion users

G Suite boss Javier Soltero also suggested the company is looking at better integration between apps for the future.

What you need to know G Suite now has over 2 billion active monthly users, the GM and VP of G Suite revealed this week. Bringing smart compose to other apps beyond just Gmail and Docs is one of the ways the company is looking to improve its productivity suite. It’s also looking at improving integration between the  [Read More…]

Verizon just spent $1.6 billion on new millimeter-wave spectrum, but why?

Verizon solidifies its mmWave 5G lead in the latest FCC spectrum auction.

What you need to know Verizon bought the most 5G mmWave spectrum ever, spending over $ 1.6 billion for 4,960 licenses. AT&T came in second with 3,267 licenses, while T-Mobile is in third with 2,384. This auction is the largest auction the FCC has ever held, both monetarily and in measured spectrum licensed.

In a move that’s both surprising and expected at the same time,  [Read More…]

Amazon CEO Jeff Bezos pledges $10 billion to help combat climate change

The money for the new fund will come from Bezos’ personal wealth.

What you need to know Amazon boss Jeff Bezos has launched the Bezos Earth Fund. The Bezos Earth Fund aims to fund efforts by scientists, activists, and NGOs to preserve and protect the environment. Bezos is committing $ 10 billion to the fund and will begin issuing grants later this year.

Amazon CEO Jeff Bezos has announced the launch of a new fund called the  [Read More…]

Judge temporarily halts $10 billion Microsoft cloud contract with Pentagon

The motion was granted as part of a suit Amazon brought protesting the Defense Department’s selection process for the contract.

What you need to know A judge ordered a temporay halt on Microsoft’s work on a $ 10 billion contract with the U.S. Department of Defense. Amazon filed a motion asking the court for the order in January. Amazon is pursuing a lawsuit alleging bias in the government’s selection process for the contract.

A federal judge granted  [Read More…]