Last summer LeEco announced it intended to purchase the U.S.-based TV maker Vizio for $2 billion. The deal fell through in March amid myriad problems surrounding LeEco, including a major cash crunch. Allegedly the deal included a $100 million buyer-termination fee and now Vizio has filed suit in a California court to collect payment. Read MoreDaily Archives: July 11, 2017
Last summer LeEco announced it intended to purchase the U.S.-based TV maker Vizio for $2 billion. The deal fell through in March amid myriad problems surrounding LeEco, including a major cash crunch. Allegedly the deal included a $100 million buyer-termination fee and now Vizio has filed suit in a California court to collect payment. Read More Logitech is expanding its territory in the rapidly growing gaming space with the acquisition of Astro Gaming, a younger company known for their high-quality headsets. The price: a highly respectable $85 million. Read More
Logitech picks up gaming hardware maker Astro for $85M
Twitter has announced that it’s hired a new CFO. Ned Segal is joining the company from Intuit, where he was senior vice president of finance.
Twitter has a new CFO: @nedsegal! Welcome to the flock
— jack (@jack) July 11, 2017
He also has investment banking experience, having spent 16 years at Goldman Sachs. This could come in handy if Twitter decides to sell themselves. (Just… Read MoreTwitter’s new CFO is getting $15 million in stock
In a lawsuit filed today, a small cluster of Twitter users is suing the president for blocking them on the platform. The case, brought forward by the Knight First Amendment Institute at Columbia University, argues that by blocking the users the T...
A group of Twitter users is suing Trump for blocking ...
When Facebook removed messages from the main app, I swore that I would never download Messenger. That’s been a pretty easy promise to keep, especially since they introduced the idea of huge ads that take up half your screen while you try to use the service. Today Facebook redesigned them as part of a larger rollout — but fixed none of the reasons these ads are bad and should be… Read MoreFacebook’s Messenger ads are bad and must be destroyed
Some LeEco employees in China will not get paid until August. According to an official statement provided to TechCrunch, Leshi Holdings, LeEco’s holding company has decided to postpone July’s payroll until August 10th. This is at least the third time this year LeEco has delayed paying some of its workers.
Right now, it seems only employees in China will not get a paycheck into August. Read MoreLeEco delays payroll until August due to ‘financial constraints’
Messaging is the center of mobile, and Facebook wants ads in front of all those eyes. After seeing “promising results from Australia and Thailand”, Facebook Messenger is expanding its display ad beta test that lets businesses buy space between your chat threads. Later this month, a small percentage of users will start seeing ads in the Messenger app’s home tab. Facebook… Read MoreFacebook Messenger globally tests injecting display ads into inbox
Siri remains the most popular virtual assistant with 41.4 million monthly active users in the U.S., according to a new report from measurement firm Verto Analytics out this morning, but it has seen a 15 percent decline since last year – or 7.3 million monthly users. In addition, the study found that engagement with Siri has also dropped by nearly half during this period, from 21 percent… Read MoreSiri usage and engagement dropped since last year, as Alexa ...
Tovala, a $399 smart oven out of Y Combinator promising to perfectly cook ready-made meals in under 30 minutes is finally available for purchase.
It can bake, boil and steam meals at up to 550 degrees Fahrenheit in 10 to 30 minutes and works with either prepackaged Tovala meals or your own food. However, the real money maker for the startup will be in the meal delivery service.
It’s a… Read More