When Facebook acquired WhatsApp for $19 billion last year, we weren’t sure how the social media giant would make use of the messaging app. However, at the F8 conference 2015, Facebook announced a new Business for Messenger initiative, through which the company might be able to make some profit. According to this initiative, Business for its Messenger app will give users the choice to install apps and make purchases with the Facebook Messenger app itself.
The company said that they would include some of the features of Facebook Messenger and experiment with it on WhatsApp, to promote business to consumer [...]
The former leader of consumer smartphone manufacturer Nokia recently made headlines for considering making a comeback in the mobile manufacturing business. The firm heard the recent buzz over Internet and came out to publically announce that the information was false. The report of Nokia planning to return to the mobile business was surfaced by the reliable technology portal Re/Code, which stated that the news was disclosed by a Nokia Networks executive.
The exact statement by the Finnish reads –
Nokia notes recent news reports claiming the company communicated an intention to [...]
In such a cut throat market, to rise above the competition, you must willing to adjust, invent and innovate. There have been many Tech companies that have entered the market, but only those survived who understood the needs of the market and stratergized on customer retentivity.
Voting is now Closed! The Winner for the Best Debut Company – Tech in the iGyaan Tech Awards 2014 is Xiaomi.
The winner of the giveaway is announced HERE.
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Despite being in controversies regarding privacy concerns, Xiaomi, the Chinese handset maker, has become the world’s third-biggest smartphone maker. According to the recent report by International Data Corporation (IDC), the smartphone maker has tripled the shipments since last year.
Also, it’s the first time Xiaomi has made it to the list of top 5 smartphone makers in the world, released by IDC. The company is trailing behind Samsung, who despite witnessing a steep fall in shipment from last year, still leads the race followed by Apple in the second position.
It is to be [...]
As a result of the official closing of Facebook’s acquisition of cross-platform instant messaging application WhatsApp, the first clear picture of WhatsApp’s financial results emerged. A Form 8-K/A filed with the Securities and Exchange Commission has revealed that in 2014, WhatsApp lost $140 million and generated just $10 million in revenue. And in 2012 and 2013, the app lost a total of $192.8 million.
In the six months ending June 30, 2014, WhatsApp brought in $15.921 million in revenue but suffered a net loss of $232.5 million. However, $206.5 million of the net loss was for share-based compensation expenses and issuance of common stock below fair value. Its net cash used [...]
India being a fast growing smartphone market has become the centre of smartphone wars. Apple and Samsung have been trying hard to keep up with players such as Micromax, Lava, Karbon and the new entrant Xiaomi.
The Indian handset market is currently led by Samsung with Micromax at No. 2, according to an International Data Corporation (IDC) report for India’s mobile market in Q2. The market could experience a shuffle in the rankings amongst the top five vendors in coming quarters, as Chinese and local device makers aggressively tap the entry level segment of smartphones.
The digits in [...]
Flipkart, India’s largest online retail portal, took a great leap this year when it bought Myntra for $330 Million. It was the largest acquisition in the Indian E-commerce sector since last two years. Flipkart is now in battle with Amazon.in and they are locked in competition for the throne of the biggest e-commerce website in India. The invasion of giants like Ebay and Amazon is forcing Indian online retailers to get critical masses to compete.
Founded by two ex-employees of Amazon, Flipkart is expanding day by day and is introducing new categories to their site. They also [...]
According to a recent report on the Re/code site, popular social network Twitter appears to be getting serious about commerce on its service; and is probably close to finalizing an agreement with payment services firm Stripe.
The site posted mockups, reportedly created by Fancy, of what would be called Twitter Commerce, a new program that would allow people to purchase items through Twitter. The documents, discovered in a public area of Fancy.com’s website, showed a “buy” button embedded directly in tweets. Customers would have to provide Twitter with payment credentials prior to using the service.
HTC is headed towards turbulent times it appears as more Key Execs depart HTC to pursue other interests. Asia CEO Lennard Hoornik, has also left the company, the news was later confirmed by HTC. This news comes after yesterdays report of VP of Global Communications and Chief Product Officer quitting. According to CNET, the CEO of HTC Asia Lennard Hoornik has also relieved his post, with regional CFO Chia-Lin Chang taking the reins until a formal replacement is named. Hoornik, who joined HTC from Sony Ericsson, also took care of India operations and was one of the key introducers at major launches around the Asia region.
Evernote today announced their new revision, Evernote has now been designed to work with companies, small and medium, right out to the system. Evernote Business will be launching later this December, but the company is taking active early applicants
Kodak, the company that defines the Film camera days of our own country, has decided to let go of its Film business in order to save the brand from plummeting into bankruptcy . Kodak had already announced the sale of their patent portfolio, online gallery, commercial scanning, photo kiosk and theme park businesses. The company will now keep focus on the upcoming Printer business, and that to if it picks up. The company needs $660 million to revive itself and pay back the creditors by next year.
The Waterloo Record reports that RIM is all set to lay off unto or more than 6000 of its staff in an effort to save US $ 1 Billion in expenses, as a part of their cost cutting drive. It’s believed that between 2,000 and 6,000 employees could be let go as the troubled company attempts to save $1 billion by the end of the fiscal year.
According to reports the manufacturing team has been hit the hardest with hundreds of people already been laid of in the past 24 hours.
[The Waterloo Record]