A report recently published by Strategy Analytics revealed that the mobile industry earned a total of $9.4 billion in operating profits for the third quarter of 2016. The report disclosed that tech giant Apple was able to amass 91 percent of those profits, setting a new record not only for the company but the entire mobile market as well.
Ola, an Indian cab-hailing service, has launched a new car entertainment feature called "Ola Play" which allows passengers to listen to their choice of music. The feature is aimed at attracting mostly business travelers who use Ola Prime, its line of midsized sedans.
Toys 'R' Us is investing a recent incident in which a ride-on dump truck toy sold to a couple caught fire and destroyed their pick-up completely.
Ride-sharing service Uber has confirmed that it will be giving banned drivers in New York a chance to make an appeal. While this new development gives some drivers hope of reinstating their service with the company, this option comes with a lot of interesting requirements and restrictions.
Facebook recently announced new features and improvements to its Messenger Platform which developers have been yearning for. These changes were designed to enhance existing conversations. Messenger Platform v1.3 promises to bring more opportunities for users to effectively reach and engage the one billion people using the application monthly.
When Microsoft purchased LinkedIn in a cash deal for $196 a share, equating to $26.2 billion, it was clearly stipulated in the deal that LinkedIn would retain its unique social culture and brand, and remain independent from Microsoft, in terms of identity.
Citibank, one of the moguls in credit and banking, has announced the launch of a new Developer Hub, as well as a new set of banking APIs. The new Citi Global Developer Hub will provide a suite of APIs that developers can use to build financial applications for Citibank customers.
Symantec has agreed to buy LifeLock for $2.3 billion. The deal is likely to boost the company's Norton cybersecurity unit. LifeLock offers identity theft protection products including monitoring services. Symantec will fund the transaction with its cash holding and $750 million of new debt.
