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Now in Tech: 1/5/2018
Your Daily Dose of Tech News
Liz Page
By Liz Page
Jan 05, 2018
372

Spotify hitting 70 million subscriber

Amid its steady move to go public as Spotify filed with SEC last December, the online music streaming company just pocketed its 70th million paid subscriber. A marvelous landmark compared to Apple Music's 30 million subscribers, and a shine of light in the midst of a $1.6 billion lawsuit with Wixen Music Publishing forSpotify's possible copyright infringement.

 

 

Winter is not coming this year

Credit: Barnes and Noble

Game of Thrones‘ final is set to air in 2019 with only six episodes. While it is psychologically dampening for the fans to wait another year, we will see how the numerous loose ends in the plot will be demystified in the final 360 minutes.

 

GoPro cut 200-300 jobs in drone division

Credit: tech bakbak

According to TechCrunch, GoPro cut 200-300 jobs from its aerial product line on Thursday but will keep the impacted employees on payroll until February 16. The sport camera company faced emerging competitions from cheaper alternatives and improved smartphone camera features, leading to an inept leap to drone market, which resulted in a mass recall last year due to technical limitations.


Kalanick to sell 29% shares in Uber


Credit: nytimes

As part of the SoftBank deal, Uber founder and former CEO Travis Kalanick is reportedly to sell around one third of his shares in Uber in exchange for about $1.4 billion as part of the tender offer. Kalanick currently owns about 10% of Uber and this deal will greatly strip his clout in the company including being appointed chairman of the board.


Ethereum hit $1,000 mark

Credit: CNN 

Ethereum, one of the hottest cryptocurrency in the market, just hit $1,000 for the first time on various exchange platforms, capping a total market capitalization of $100 billion. 

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