American online streaming service, Netflix has reported an increase in the number of subscribers totaling 203.6 million subscribers, making a profit of $2,761.4 million in 2020 showing about 47.9 percent increase when compared to 2019. However, the company recorded a loss of 7.6 percent ($542.15 million) in the last quarter, a decrease of 31 percent when compared to the previous quarter. Rival streaming companies, Hulu and Disney Plus have proved popular with Disney accumulating 90 million subscribers from its launch date and boasts to have about 260 million by 2024.
Chief Executive Officer, CEO of Electric and self-driving car, Tesla and Aerospace manufacturing company, SpaceX, Elon Musk has become the richest person in the world with a net worth of $185 billion, passing Amazon CEO, Jeff Bezos who held the position since 2017. Musk’s Tesla recorded a surge in its value, reaching a market value of $700billion, making the company worth more than Ford, Hyundai, Toyota, Volkswagen, and General Motors combined. The Entrepreneur’s wealth increased over the past year, seeing his wealth increase from $27 billion in early 2020 and making a dramatic turnaround from Tesla’s rapid cash burn.
Apple Inc. is taking the next step with, joining the self-driving car technology, targeting 2024 for productions including its own next level battery technology. According to Reuters, the automotive move called “Project Titan” began in 2014 when the company started designing its own vehicle from scratch but reassessed its goals and turned its focus on software. Doug Field, an Apple veteran who worked at Tesla Inc began overseeing Project Titan in 2018, laying off 190 people working on the project in 2019. “If there is one company on the planet that has the resources to do that, it’s probably Apple. But at the same time, it’s not a cellphone,” a person who worked on Project Titan said.
WhatsApp has announced that from January 1st, 2021, millions of smartphones worldwide would no longer be able to support the latest version of the messaging app. The company has scheduled an update of the app which would require users to either update their mobile devices’ Operating System (OS) or purchase a new smartphone. According to the company, any phone not running at least Android OS 4.0.3, also known as Ice Cream Sandwich, or any iPhone not using iOS9 or the latest would no longer be able to access or operate WhatsApp. iPhone 4S to iPhone 6S were released before iOS9, but owners have the option of updating their operating system but all iPhone models between iPhone 1 to iPhone 4 would be unable to update to iOS9.
Twitter has commenced the testing of its latest experiment, `Spaces`, a Clubhouse-like voice-based chat room. Users can create a `Space` that their followers can join to participate in a conversation. Anyone on Twitter can listen in on the conversation, though only the host can control who gets to speak.
The Minister of Communication and Digital Economy, Dr. Isa Ali Pantami, has disclosed that his administration has slashed the cost of data by 50%. The Minister stated on Thursday that in line with his promise for proper service delivery, the Industry regulator, Nigeria Communication Commission, NCC made this possible, as proposed by the ministry to ease internet access to Nigerians.