What does $2.8B buy you in today's market?

News that private equity group Thoma Bravo is buying Ping Identity for $2.8 billion in cash broke earlier today, marking the beginning of the end of Ping’s life as a public company (at least for now). Thoma Bravo will pay $28.50 per share in an all-cash transaction, a price that technewss no

‘Lightyear’ streams today, the first Pixar film on Disney+ with scenes in IMAX's Expanded Aspect Ratio

“Lightyear” was the first Pixar movie in two years to make it to theaters. A month and a half later, it finally hits the streaming platform Disney+. Today, August 3, subscribers can watch the “Toy Story” spin-off at home. Of note, this is the first Disney and Pixar animated film on Disney+

Sling TV continues to drop subscribers, loses 55K subscribers in second quarter

Dish reported today that its streaming service Sling TV declined in subscribers during the second quarter of 2022, with a net loss of 55,000. This significantly differs from the first quarter of 2022, when it lost 234,000 subscribers. However, this is the third straight quarter that it has seen a d

Facebook is shutting down its live shopping feature on October 1

Facebook is shutting down its live shopping feature on October 1 to shift its focus to Reels, the company announced in a blog post. After this date, you will no longer be able to host any new or scheduled live shopping events on Facebook, the company says. The social media network notes that you wi

Paramount+ joins The Roku Channel's premium subscription lineup, bringing more live sports

Paramount+ and all its films, TV shows, originals, 24/7 news and live sports will arrive on The Roku Channel as a premium subscription later this month. The launch brings live sports from the most popular marquee leagues, including the NFL on CBS and UEFA Champions League, marking the first time th

Mobile users are now spending 4-5 hours per day in apps

Although the mobile app boom driven by pandemic lockdowns has long since passed, consumers’ mobile usage is still growing. According to new data released today by app intelligence firm data.ai (previously App Annie), consumers in more than a dozen worldwide markets are now spending four to fi

Wake up, new Pokémon just dropped

Today’s “Pokémon Presents” livestream wasn’t as chock-full of news as previous announcements about the upcoming Nintendo Switch games “Pokémon Scarlet & Violet.” Last time, we learned that the generation 9 games will be the iconic franchise’s first re

Google now lets merchants add an 'Asian-owned' label to their profiles on Maps and Search

Google announced today that it's adding a new label on Maps and Search that will allow people to identify their business as being Asian-owned. The new label is now available to merchants in the United States with a verified business profile on Google. Once a business adds the label on their Bus

Netflix’s lawsuit against the ‘Bridgerton Musical’ could change online fandom

Netflix filed a lawsuit this weekend against two TikTok stars in their early twenties, Abigail Barlow and Emily Bear, alleging that their Grammy-winning “Unofficial Bridgerton Musical” project infringed on the copyright of Netflix‘s original series “Bridgerton.” Early

Playstudios launches blockchain gaming division and $10M web3-focused fund

Playstudios, a publicly traded mobile gaming platform and developer, is venturing into the web3 world with a new blockchain division and investment fund. The gaming entity, which owns popular mobile apps like Tetris, is now launching a new blockchain-focused sector, which will use

Tinder to kill virtual currency, metaverse plans amid Match Group earnings loss; Tinder loses its CEO

Dating giant Match Group announced a series of changes to Tinder’s management team alongside the announcement of disappointing second-quarter earnings on Tuesday. Notably, Tinder CEO Renate Nyborg will be departing the company after less than a year in the top job. Match Group is also killing

Google backs Indian rewards payments startup Twid

Twid, an Indian startup operating a rewards-based payment platform, has raised $12 million to scale its network of merchants and issuers and expand its solution in the South Asian market. Rakuten Capital led the startup’s Series A round, which also saw participation from Google and existing i

Kenyan logistics startup Sendy cuts 10% of its workforce

Kenyan logistics startup Sendy has laid off 10% of its 300-strong workforce, or 30 employees, according to pan-African news publication TechCabal. This is the latest public layoff news from Africa over the past couple of months after Swvl, Vezeeta and Wave trimmed their staff sizes to reduce costs

French iOS developers file antitrust suit over Apple’s App Store fees

Apple is facing yet another antitrust lawsuit over its App Store fees, this time filed by a group of French iOS app developers who are suing the tech giant in its home state of California. The plaintiffs are accusing Apple of anticompetitive practices in allowing only one App Store for iOS devices,