Tag: Samsung Galaxy
Shiny Shiny snippets: Spotify latest tech firm to cull staff
Swedish music-streaming giant Spotify says it will cut 6% of its about 10,000 employees, citing a need to improve efficiency. "In hindsight, I was too ambitious in investing ahead of our revenue growth," boss Daniel Ek wrote on the company's blog. Spotify has never posted a full-year net profit, despite its popularity in the online…
ShinyShiny snippets: Disney+ subscriber numbers overtake Netflix
Walt Disney edged past Netflix with a total of 221 million streaming subscribers at the end of the most recent quarter and announced it will launch a Disney+ option with advertising this December. In the just-ended quarter, Disney+ added 14.4 million Disney+ customers, beating the consensus of 10 million expected by analysts polled by FactSet, as it…
ShinyShiny snippets: Amazon and Nike ‘consider offer’ for Peloton
Exercise brand Peloton is attracting bid attention from the likes of Amazon and Nike, according to reports. They have been attracted by the soaring sales of Peloton’s exercise bikes and treadmills during the pandemic. Suitors have not been put off by the return to gyms post-lockdown, which has left the firm worth less than a fifth of…