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Quibi, we hardly knew ye (Photo by Robyn Beck / AFP)Source:AFP
Business

$2.4b streaming service shuts down

After only six months in operation, a much vaunted streaming service has been scuttled in one of the most high-profile corporate failures in years.
Michael Buckner/Variety

Netflix Misses Q3 Subscriber and Net Earnings...

Netflix expects its subscriber growth to return to pre-COVID levels.
Jason KilarPhotographer: Haruyoshi Yamaguchi/Bloomberg

Hulu Gets Sidelined in Disney’s Global Streaming...

Disney executives are nervous about how much they will owe Comcast if its streaming service for adults grows much bigger.
Whether or not TikTok will be banned in the US remains a question without an answer. Picture: Nicolas Asfouri/AFPSource:AFP

Court halts Trump’s TikTok ban

The viral video app said it had “no choice” but to make a legal challenge to avoid a US ban – and has now been given a temporary reprieve.
© Reuters / Leah Mills / Dado Ruvic

TikTok sues Trump to overturn ban that could...

TikTok has reportedly filed a complaint against the Trump administration, seeking to block the looming ban on the app’s operations. It marks the...
Jim Watson/AFP via Getty Images; Samantha Lee/Business Insider

Trump's push to ban TikTok, explained in 30...

The US Commerce Department announced Friday it would ban TikTok and WeChat from app stores on September 20.
Apple CEO Tim Cook. Karl Mondon/Digital First Media/The Mercury News via Getty Images

Spotify has torn into Apple again, this time over...

It called on regulators to check Apple's power before it causes "irreparable harm to the developer community."
TikTok: Oracle confirms being picked by Bytedance to be app's partner

TikTok: Oracle confirms being picked by Bytedance...

US tech firm Oracle has confirmed that TikTok's owner has formally proposed it become a "trusted technology partner" to the video-sharing app.
Satya Nadella, chief executive officer of Microsoft Corp., pauses during a Bloomberg event on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2020. Simon Dawson | Bloomberg | Getty Images

Microsoft's offer to buy US TikTok is rejected

The deal represents a symbolic loss for Satya Nadella’s Microsoft, which has an advertising business that Nadella once worked on.
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TikTok sale deadline won't be extended, says Trump

The Chinese owner of TikTok has until 15 September – and not a day longer – to find an American buyer for the video-sharing app, or face being banned...
Variety Intelligence Platform

Why Kevin Mayer’s Exit Means TikTok Sale Is Now...

Microsoft seen as front-runner to acquire app from China's ByteDance after Trump orders U.S. divestiture
Kevin Mayer in 2018. Photo: Drew Angerer/Getty Images

TikTok CEO Kevin Mayer quits amid Trump ban...

Meanwhile, countries around the world are following in Trump’s footsteps.
The iPhone 11 Pro and iPhone 11 Pro Max Hollis Johnson/Business Insider

Apple is expected to release a larger iPhone 12...

Such features may include a triple-lens camera and refreshed design that resembles the iPad Pro.
Apple logo

Apple is now worth $2 trillion Paul...

Apple's success has also vaulted CEO Tim Cook into the ranks of billionaires -- one of the few CEOs to reach that level without having started the...
REUTERS

Trump dangles cash for US firms moving from China

US President Donald Trump wants to offer tax credits to entice US firms to move factories out of China.
Aly Song / Reuters

Apple is reportedly planning 'Apple One'...

They should launch alongside the next iPhones, according to Bloomberg.
US President Trump has signed an executive order to ban Americans from transacting with TikTok, WeChat parent companies. US President Trump has signed an executive order to ban Americans from transacting with TikTok, WeChat parent companies. © Lionel Bona

Donald Trump Signs Executive Order Banning...

U.S. President Donald Trump issued executive orders on Thursday banning any U.S. transactions with ByteDance, the Chinese company that owns...
GETTY IMAGES

TikTok: Microsoft pauses talks on buying US arm -...

A possible sale of Chinese-owned TikTok's US operations to Microsoft is reportedly on hold after Donald Trump vowed to ban the video-sharing app.
IFA consumer tech fair in Berlin

Huawei asks Germany not to shut it out of building...

Germany's three mobile operators are all customers of Huawei, which has had a presence in the country for 15 years.
NBC's Peacock officially enters streaming fight NBC's Peacock officially enters streaming fight

A tale of two streamers: Netflix hits a rough...

The new platform, which is relying on a three-tier pricing strategy, is hoping its premium ad-supported offering will help drive growth.
AP / Uber

Uber to acquire Postmates for $2.65 billion after...

Uber is absorbing Postmates in a deal worth $2.65 billion in stock.
Weekly Story
$2.4b streaming service shuts down

$2.4b streaming service shuts down

After only six months in operation, a much vaunted streaming service has been scuttled in one of the...

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