[ad_1] It’s that time.Welcome to Engadget’s 2019 year in review What’s the deal with high-profile streamers leaving Twitch? Is VR finally going to go mainstream now that a Half-Life game is on the way? What’s next for the streaming wars? And when did tech CEOs lose their luster? To commemorate the start of the twenties, […]
Category: business
Sonos hikes prices on the Amp and Port as it moves production out of China
[ad_1] In a statement provided to Engadget, a Sonos spokesperson said: Sonos has been on a journey to diversify its supply chain and expand production into new countries in a manner that is sustainable and supports long term growth. Supporting this effort and investment has resulted in upcoming changes in pricing. Beginning January 9, 2020, […]
Spotify will ‘pause’ airing political ads in early 2020
[ad_1] “At this point in time, we do not yet have the necessary level of robustness in our process, systems and tools to responsibly validate and review this content,” a spokesperson for Spotify said. “We will reassess this decision as we continue to evolve our capabilities.” Politicians and groups like Bernie Sanders and the Republican […]
UK regulator opens probe into Amazon’s Deliveroo stake
[ad_1] Amazon has failed to address our initial concerns that their investment in Deliveroo could be bad for customers, restaurants and grocers. The deal will now be referred for an in depth, Phase 2, investigation. Find out more: https://t.co/tvRHjmfPFm pic.twitter.com/JqJQVahx00 — Competition & Markets Authority (@CMAgovUK) December 27, 2019 After its own takeout and delivery […]
Tesla will deliver its first Chinese-made Model 3 on December 30th
[ad_1] Tesla began construction on the plant this past January and started making vehicles there in October. The company told Reuters it plans to manufacture approximately 250,000 cars per year at Gigafactory 3 once it ramps up production. In addition to the Model 3, it also plans to make Model Y crossovers at the plant. […]
WSJ: Comcast might buy the free streaming app Xumo TV
[ad_1] If you’re keeping track of the internet TV landscape there may be change incoming, as the Wall Street Journal reports Comcast — which is preparing to launch the NBCU-powered Peacock streaming service — is in advanced talks to buy Xumo TV. While Xumo isn’t as familiar of a name, its app is readily available […]
Huawei denies receiving billions in financial aid from Chinese government
[ad_1] Using a combination of publicly-available records, the WSJ estimates Huawei received $46 billion in loans and lines of credit from state-controlled lenders, as well as $1.6 billion in grants. The company was also able to save as much as $25 billion in taxes between 2008 and 2018 thanks to incentives aimed at China’s tech […]
ByteDance may sell off TikTok stake to avoid US backlash
[ad_1] Sources who spoke to Bloomberg said that the company is considering selling off a majority stake of TikTok to financial investors, in order to protect the business. By selling off a part of the company, leadership could raise money before a potential fall in value caused by legal issues in the US. Other solutions […]
Uber founder Travis Kalanick is leaving the company’s board
[ad_1] Kalanick was the CEO of Uber from 2010 to 2017. During that time, he was no stranger to controversy, with Uber frequently popping up in the news for its toxic work culture and efforts to mislead regulators. Kalanick was eventually ousted from the position after a group of investors penned a letter, demanding a […]
Boeing CEO Dennis Muilenburg resigns as 737 Max fallout continues
[ad_1] The move comes as Boeing attempts to regain the trust of regulators, airlines and, most of all, the public. In October, it came out that one of the company’s employees may have inadvertently misled the FAA about the performance of the 737 Max’s MCAS anti-stall technology. The employee told another pilot that he had […]