Category Archives: IT News

Jack Dorsey claimed Twitter won’t drop 140 character limit

Twitter took the drop of 140 character limit into consideration for a long time in order to obtain more new users. Its proposal has been criticized by its existing users and investors.

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CEO Jack Dorsey claimed that Twitter won’t drop 140 character limit when he was interviewed by NBC. Twitter recently welcome its 10th anniversary.

He said:” It’s a good constraint for us. It allows for of-the-moment brevity.” Twitter won’t drop its iconic feature and increase its characters to 10,000.

It has been rumored that Twitter planned to drop 140 character limit in the beginning of this year. Its future character might be increased to 10,000 characters. The rumor suggested the new feature would be effective on March.

Twitter wished to attract more users and enrich its platform by this measure. However, such suppose was against by Twitter users and investors. They complained if Twitter drops such iconic feature, this platform will be more alike Facebook.

It was reported in February that Twitter would like to re-design its timer shaft. Dorsey confirmed that the company had not plan to adjust its timer shaft next week. Many of Twitter’s products have been modified since Dorsey took over CEO last October, such as it launched Moments.

Regardless of its financial issues inside, Dorsey feels optimistic towards its future. He expects Twitter still the most powerful platform in 10 years. Twitter is a fundamental service. He claimed that they know what it is and what it presents. Its global career is just in the beginning stage.

Dropbox plans to sell its shares with 34% off due to valuation pressure

According to BuzzFeed report, American cloud storage company Dropbox plans to authorize the sales of a batch of shares with 34% off. It seems that the company faces with valuation pressure.

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It sets the price at $12.6 per share, selling in the secondary market by shareholders. Dropbox priced its share at $19.10 when it sold to large-size investors in C round financing in Jan., 2014.

EquityZen is responsible for this deal which helps the startups employees and shareholders to sell the undocumented shares. EquityZen stated on its official website that all stock exchanges made on its platform are authorized by related enterprises.

Dropbox was established in 2007 that locates in San Francisco. The high valuations startups face adverse condition as its $10 billion valuation was doubted. It reported last autumn that two mutual fund companies reduced 20% off Dropbox’s valuation. Then a third mutual fund company reduced 51% off its valuation.

It is hard to valued the startups due to the lower turnover rate. Many of Dropbox investors could refer the case of Box. The share price of Box decreased by 47% in comparison with its closing price that it went public on the day in 2015.

The investors who involved with this deal won’t be able to purchase shares directly. They have to buy EquityZen funds and then use those funds to buy the shares.

The investors are under a weak position if they buy the shares by this mean in comparison to the directly investment of Dropbox with capital. EquityZen stated in the papers that this investment won’t include any specific details of Dropbox’s financial condition.

US LivingSocial cuts half of its workforce

US second largest group-buying website LivingSocial is working on a new round reorganization in order to contain the business decline.

In this April 29, 2011 photo, Ross Arbes, 24, left, plays ping pong while on break at LivingSocial's offices in Washington. (AP Photo/Jacquelyn Martin)

LivingSocial cut 280 jobs, accounting for 50%-60% of its current workforce. About 120 of customer service positions are replaced by outsourcing contactors. LivingSocial once was the most excellent company in E-commerce industry. It was the most competitive rival of Groupon.

However, LivingSocial is going to recruit 200 to 250 new employees after this staff reduction plan.

CEO Gautam Thakar addressed when he was interviewed by the medium that the company made balance for its voucher business. It plans to put all investments on card-linking discount in the near future.

The card-linking business is testing in three major cities now. It offers discounts for LivingSocial clients when they check in hotels. The registers only need to show hotel staff the LivingSocial registered credit card, then pay for the hotel room. The specific discount amount and discount date are made by the hotels.

Thakar suggested that the company is looking for more investors for equity trading. If it comes successful, LivingSocial will make full use of those capital to explore new business in new cities and invest on business in new industry.

He added that reducing jobs doesn’t mean the company is on sale. There will be related negotiations concerning financing.

LivingSocial has financed $900 million from Amazon, JPMorgan Chase, Lightspeed, Venture Partners and so on.

In fact, this is the third time LivingSocial cut workforce since Thakar works as CEO in a year and a half. He laid off about in a total of 900 employees.

Sean Parker: Media means a lot to Twitter’s achievement

Sean Parker talked about the development of Twitter. The stock price of Twitter has been flucuating recently. It seems that its user grow is saturation.

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Sean Parker is ex CEO of Facebook, the co-founder of Napster. When Parker was interviewed concerning the future of Twitter. He explained the current situation that Twitter met.

Parker claimed that the key challenge is the application of medium and stars. The user growth of Twitter is fast. If it considers the medium and stars as the core, it could be grow as fast as Facebook.

Twitter is a victim for its success. If there are medium to report Twitter’s news, Twitter could not obtain so many users. Twitter paid a lot for this. Users have fewer deep connections.

Twitter can not precisely reflect the reality social relationship between users. It lacks of the intimate interaction onthe same levels. If it loses the interactions between stars and medium, Twitter is hard to be survived. The interactions among Twitter, medium and stars is the limitation of ths platform.

His explanation makes sense. The experts criticized Twitter for some time that the connection between its product and ordinary seemed less important. Medium and stars are not ordinary people. What Jack Dorsey needs to do is to fix the connection with ordinary users for its products.

Apple Watch enhances users’ health consciousness

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It has been a year that Apple Watch on the market. It is unlike iPhone or iPad, Apple Watch is newly brand for Apple. It suprised that this wearable plays an important role users daily life.

Different people have different opinions about the understanding and application of Apple Watch. Most of people are awared of its health feature which is applied most.

It is a type of fitness product. Apple Watch could access to some places that iPhone can not due to the wearability. It sounds fantastic to the users as Apple Watch has experienced much with them.

It was reported that Apple Watch saved the life of a 64-year-old senior . There were also some similarstories after that.

A 62-year-old construction worker, Dennis Anselm who is from Edmonton, Canada felt sick last August, and Apple Watch checked his heart rate reached 210 times per minute. He went to the hospital for a body check immediately and did related operation.

A student who is from Tennessee and suffered QT before. He felt uncomfortable someday when he was alone at home. He checked Apple Watch and found his heart rate went to 138 times per minute. He was diagnosed as atrial fibrillation.

Apple Watch gave them extra suprise. It provides the ordinary daily data support which is concerned by its users. That is the significant feature of Apple Watch.

Apple Watch applies the blue LED light to work with photoreceptor to test the blood flow. The more blood flow it goes, the more LED absords and fewer heart rate interval. What’s more, Apple Watch’s heart rate sensor could increase LED brightness and sampling frequency.

Windows day is over: only accounts for 10% of Microsoft’s revenue

 Windows system played an important role for Microsoft’s revenue in the past. However, it only accounts for 10% of Microsoft revenue now. Steven J. Vaughan-Nichols wrote on Computerworld and stated that Windows system gets less attention from Microsoft now. Microsoft is becoming cloud computing and service company.

 

Windows OS made a great contribution to Microsoft’s revenue for a long time. It was a ready source of money for Microsoft. Windows 10 has been improved a lot in comparison with its predecessor Windows 8. However, the most profitable sections are Microsoft server and cloud computing in Q4 2015.

The second profitable business goes to Xbox. Microsoft sold a great amount of Xbox games and it just acquired Mojang who launched Minecraft. Microsoft Office also made better performance than Windows OS. Windows os ranks fourth for revenue contribution.

Windows Vista and Windows 8 encountered failure for obtaining more user share. It launched Windows 10 last year, it helped a bit. Even though Windows system is still the most popular PC OS, the consumers get attracted by mobile OS much with the development of iPads and smartphones.

Preston Gralla said the future of Microsoft is related to cloud computing technology. Windows OS may be just the accessory of Microsoft someday.

The revenue of Windows OS decreased by 5% (YOY) in last quarter. While the revenue of cloud computing increased by 5%.The sales of Azure increased by 140% (YOY). Satya Nadella addressed at the analyst conference that enterprise cloud computing has more chance to obtain more market share.

The market share of Windows OS may keep declining in 2016. Let’s see how things go on.

Fire OS encryption function will be restored

Lately, the medium reported much about the case concerning FBI asked for Apple to decrypt the gunshot case suspect’s iPhone. FBI wished to decrypt the suspect’s iPhone data in order to solve the case. However, they failed and turned to Apple for help.

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It caused discussions over the nation as Apple declined to decrypt the suspect’s iPhone. The encryption technology is highly concerned by the public now.

Back to Amazon Fire iPad, it removed the encryption function for Fire OS when it upgraded the newest version. This action was agaist and criticized by its consumers and preservers of privacy policy. Because of this, Amazon decided to restore its encryption function.

Robin Handaly, Amazon spokesman notified the public and consumers by emsil on last Saturday that the company woulf restore the encyption function for new upgrade version of Fire OS this Spring.

The news concerning Amazon removed the encryption function for Fire OS was leaked by the media last week. Amazon claimed that they have removed the encryption function from Fire OS since last autumn as fewer people use this iPad.

It is safer to use the encryption function for a computing device as the encryption function is able to encrypt the data, so only the users insert the right passwoard could access to the data on the device.

The famous cryptologist Bruce Schneier claimed that it was stupid action that Amazon quit this function from Fire OS. Bruce Schneier who is one of the people that call on the restore of Fire OS encryption function.

As reported, Amazon is supposed to submit the court documents to appeal the judges to support Apple’s stand soon.

Samsung spent $ 6 million to introduce OLED production line

Many of domestic smartphones applied the OLED screen already. As reported, Apple will also apply OLED screen for its smartphones in the future. The upstream suppliers will make transition as Apple does.

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According to the confirmed source, Samsung started investing about $ 600 million to add OLED production line. The Samsung Engineering just signed a contract valued at $ 590 million recently to install producing equipments of OLED screen for Samsung Display. This contract also involves in Tangjeong plantation that products Samsung displayers.

Tangjeong plantation has basic facility. It will build another clear workshop and several equipments. This project will be completed by the end of 2016.

What’s more, Samsung Display purchased the equipments for producing OLED panel. The OLED production line will go into operation by the end of 2017.

OLED screen will have better scenes, thinner and enegery saving in comparison with LCD.OLED is considered as the substituendum of LCD for tv panel a few years ago. However, it costs dearer to have it produced.

According to the report, the global market of OLED screen is monopolied by Samsung Electronics and LG Electronics. Samsung Electronics has advantage in producing small and medium size OLED screen.

Some South Korean media reported Samsung Electronics and LG Electronics would sign contracts with Apple to supply OLED screen last year. Therefore, these two compaines would invest decades of billion to enlarge OLED productivity in a few years.

As customary, Apple will distribute the orders of components and parts to several suppliers. Samsung has chance to win bigger order.

The worst failure of acquisitions made by Yahoo

Speaking of the acquired business, Yahoo spent a great amount of capital on acquisitions. As we all known, Yahoo acquired several companies with over-high offers. Their business was a mess even afterthe acquisition.

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Talking about this, it might remind the public of the acquisition of Tumblr that Yahoo offered higher prices than its valuation. In 2013, Yahoo acquired Tumblr at $1.1 billion. Now, Yahoo claimed to make the write-downs of its capital. Yahoo implied the well-known for time blog platform is declining. It has little chance for Tumblr to revive.

Besides, the Tumblr acquisition is not the worst merged deal judeged by the acquired value scale in Yahoo history. There are Top 4 worst acquistions that Yahoo made.

Broadcast.com

It could be counted as No 1 worst acquisition made by Yahoo. It spent $5.7 billion to acquired this online content company. However, it shut down the Broadcast.com business a few years later. It was such an unsucessful deal. Broadcast.com former boss Mark Cuban became a billionaire and purchased a NBA team.

GeoCities

It spent $3.6 billion to acquire personal homepage service site GeoCities. GeoCities allowed the newbies to create their webpages on it. Unfortunately, this website is almost shut down by Yahoo now.

Overture

Overture was company dealt with search engine business. Yahoo acquired it at $1.63 billion in 2003 for exploring the search engine business. However, Google search beat it down.

Right Media

Right Media is a social networking media company. Yahoo spent $ 850 million to acquire in 2007 in the hope of making more profit for advertising business in social networking field. This acquisition also came as a failure.

VMware suffers brain drain: President & Co-COO dismissed

VMware announced on Tuesday that its president and co-COO Carl Eschenbach would resign soon. It was the second news of senior officer resignation in the past week.

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Eschenbach will join Sequoia Capital as a partner after his resignation. So far, VMware has not announced its successor yet.

In fact, VMware senior vice president Martin Casado just quit his post a few days ago. Casado joined Andreessen Horowitz as an ordinary partner. However, a month ahead of the brain drain, VMware announced that its CFO & co-COO Jonathan Chadwick would resign from his posts.

In addition to this, VMware also announced the appointment of four senior managers for more responsibilities. Maurizo Carli is appointed as the executive vice president for global sales business. Peter McKay will be the chief supervisor of US sales team. Its current CTO Ray O’ Farrell will be also responsible for the related business concerning global business and consumer plan. Sanjay Poonen will be responsible for business of global sales and public relations.

The management group adjustment is worth noting as Dell just acquired EMC, the parent company of VMware. EMC holds 80% of VMware’s stock equity. The $67 billion acquisition was approved by the US regulatory last week.

VMware streamlined about 800 employees last month. What’s more, VMware announced to decrease the expectation of 2016 revenue in the latest quarterly report.