Tech Brew Ride Home Fri. 06/24 – TikTok Turns On The Money Machine
Jun 24, 2022
Tech companies are facing a fire sale, with major acquisitions like Zendesk's $10.2 billion deal reshaping the landscape. Cybersecurity threats are rising, highlighted by a significant hack of Harmony’s Horizon Bridge. TikTok is turning into a money-making machine in the digital ad space, showcasing remarkable user engagement that outpaces competitors. Meanwhile, self-driving trucks are emerging, promising to tackle driver shortages in logistics. The podcast also dives into innovative games like Townscaper that appeal to both gamers and non-gamers alike.
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Fire Sale on Tech Companies
- Expect more fire sales of tech companies due to the current market conditions.
- Even high-growth companies with declining share prices are now acquisition targets.
Zendesk Acquisition
- Zendesk, valued at $17 billion a few months ago, is being acquired for $10.2 billion.
- This highlights the significant drop in valuations due to market conditions.
Hermit Spyware
- Google revealed the "Hermit" spyware, targeting Android and iOS users.
- This spyware collects sensitive data like call logs, location, and messages.