Tech

Google is gaining major ground on Amazon in the smart speaker market

Since snagging an early lead in the smart speaker market with the Echo product lineup, Amazon has maintained its dominance through the second quarter of this year – but it has less breathing room than ever. As this chart from Statista shows, Amazon is credited with shipping 41% of the […]
Google is gaining major ground on Amazon in the smart speaker market
Tech

Instagram added more new users last year than Snapchat has in total

Snapchat and Twitter are falling well behind the Facebook behemoth, in terms of user growth. Each app in the Facebook empire – comprised of Instagram, WhatsApp, and the core Facebook app itself – added more new users in the past year than Snapchat’s total user count of 188 million. As […]
Instagram added more new users last year than Snapchat has in total
Tech

Sonos will attempt to avoid the same fate suffered by fellow hardware companies FitBit and GoPro, whose share prices have dropped 80% since they went public

Sonos’ IPO last week showed a promising forecast for the home audio system company, with shares eventually level ling out to about $US19. The company is now valued at $US1.5 billion, but investors are concerned about Sonos’ long-term endurance as it gravitates toward producing products with longer shelf lives, which […]
Sonos will attempt to avoid the same fate suffered by fellow hardware companies FitBit and GoPro, whose share prices have dropped 80% since they went public
Tech

MoviePass had a year of meteoric subscriber growth and that’s a problem

MoviePass’ subscriber count hit a whopping 3 million in June, a staggering rise from its initial tally of 20,000 last August. As this chart from Statista shows, the subscriber base has grown exponentially in the past year, creating higher costs for the company as it continues to grapple with an […]
MoviePass had a year of meteoric subscriber growth and that’s a problem
Tech

Facebook’s $120 billion stock hit was the biggest single-day loss in US history — here’s how it compares to other major public companies

Facebook reported lower-than-expected quarterly results last week, resulting in an initial 24% stock drop before eventually levelling out to a 19% dip. It was enough to cause Facebook’s market capitalisation to plummet $US119.4 billion as the company’s disappointing results – as well as a discouraging upcoming quarterly forecast – caused […]
Facebook’s $120 billion stock hit was the biggest single-day loss in US history — here’s how it compares to other major public companies
Tech

Facebook’s user growth is showing signs of stalling out

Facebook stock took a hit of about 19% on Thursday after the social network posted quarterly results below what Wall Street was expecting – and weaker guidance for the next quarter, too. A big cause of Wall Street’s concern: Facebook’s user growth, once the stuff of Silicon Valley legend, is […]
Facebook’s user growth is showing signs of stalling out