Chavi Mehta
Chavi Mehta
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Netflix subscriber growth slows after pandemic boom, shares fall 11%

Netflix subscriber growth slows after pandemic boom, shares fall 11%

A smartphone with the Netflix logo is seen on a keyboard in front of displayed "Streaming service" words in this illustration taken March 24, 2020. REUTERS/Dado Ruvic/File PhotoRegister now for FREE unlimited access to Reuters.comApril 20 (Reuters) - Netflix Inc said slower production of TV shows and movies during the pandemic hurt subscriber growth in the first quarter, sending shares of the world's largest streaming service down 11% on Tuesday.Roughly 3.98 million people signed up for Netflix from January through March, below the 6.25 million average projection of analysts surveyed by...

April 20, 2021
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Discord ends sale talks with Microsoft - sources

Discord ends sale talks with Microsoft - sources

A Microsoft logo is seen on an office building in New York City, U.S. on July 28, 2015. REUTERS/Mike SegarRegister now for FREE unlimited access to Reuters.comApril 20 (Reuters) - Messaging platform Discord Inc has ended deal talks with Microsoft Inc and plans to focus on expanding the business as a standalone company, sources familiar with the matter told Reuters on Tuesday.The company will focus on building the chat platform and making money from its user base that has grown quickly during the pandemic. A public listing is on the table but not imminent, the sources added.Microsoft and...

April 20, 2021
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Apple to bring social media platform Parler back to App Store

Apple to bring social media platform Parler back to App Store

Register now for FREE unlimited access to Reuters.comApril 19 (Reuters) - Apple Inc will bring social media app Parler, favored by U.S conservatives, back to its App Store after the iPhone maker pulled it following the deadly Jan. 6 U.S. Capitol riot, according to a letter sent to two Republican lawmakers.The letter, obtained by Reuters, said that after substantial conversations with Parler, the app had proposed updates to its app and content moderation policy that would lead to it being reinstated.Major tech platforms cut ties with Parler following the attack by supporters of Republican...

April 19, 2021
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Microsoft doubles down on cloud healthcare business with $16 billion Nuance buy

Microsoft doubles down on cloud healthcare business with $16 billion Nuance buy

Register now for FREE unlimited access to Reuters.comApril 12 (Reuters) - Microsoft Corp said on Monday it would buy artificial intelligence and speech technology firm Nuance Communications Inc for about $16 billion, as it expands cloud solutions for healthcare customers.The deal comes after the companies partnered in 2019 to automate clinical administrative work such as documentation. It shows Microsoft's ambition to extend its leadership into an industry where digital transformation has picked up speed during the pandemic. Healthcare providers have invested more in technology to improve...

April 12, 2021
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Accenture's business grows at pre-pandemic levels, raises revenue forecast

Accenture's business grows at pre-pandemic levels, raises revenue forecast

By (Reuters) - IT consulting firm Accenture said on Thursday it has bounced back to pre-pandemic growth levels and raised its full-year revenue forecast as more businesses use its digital services to shift operations to the cloud.The company’s shares rose 4.1% to $275.05 in premarket trading.After the COVID-19 pandemic forced companies to expedite their move to the cloud, Accenture doubled down on its digital services by aggressively investing in the technology.The company, which has clients across industries, including health and financial services, acquired a number of cloud-focused...

March 18, 2021
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Google to cut app store fee by half on developers' first $1 million in sales

Google to cut app store fee by half on developers' first $1 million in sales

By , (Reuters) - Alphabet Inc’s Google will cut the service fee it charges developers on its app store by half on the first $1 million they earn in revenue in a year, after a similar move by rival Apple Inc last year.Both the companies have come under fire from large firms such as Microsoft Corp, Spotify Technology SA, as well as startups and smaller companies, that allege the fees deprive consumers of choices and push up app prices.Google said in a blog post on Tuesday that it would cut app store fees to 15% from 30% effective July 1, a move that would impact most of the developers on its...

March 16, 2021
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Amazon Canada asked to shut Brampton facility on COVID-19 concerns

Amazon Canada asked to shut Brampton facility on COVID-19 concerns

By (Reuters) - Amazon.com Inc’s Canada division has been ordered to close its Brampton facility in southern Ontario, with workers being asked to self-isolate for 14 days, according to a statement from Peel Public Health on Friday.Over the past few weeks, the rate of COVID-19 infection across Peel has been decreasing while the rate inside Amazon's fulfillment center has been increasing significantly, according to Peel Public Health. ()Amazon said it will appeal the decision, adding that the facility closure may have some short-term impact on its Canadian customers.The company said that in...

March 12, 2021
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