Tech Brew Ride Home Thu. 03/12 - Bye, Bye, Butterfly
Mar 12, 2020
The podcast dives into how tech giants like Apple and Twitter are adapting their remote work policies amid the pandemic. It highlights the hopeful resurgence of manufacturing in China and Google's G Suite hitting 2 billion users. The ongoing challenges for augmented reality startup Magic Leap are examined, with questions about its valuation and possible strategic shifts. Lastly, the dramatic drop in Bitcoin's value shakes the crypto market, revealing a significant decline in institutional interest.
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Tech Companies Respond to COVID-19
- Twitter mandated work-from-home for all global employees due to COVID-19, covering home office expenses.
- Apple closed all retail stores in Italy amidst the pandemic, following similar closures in China.
Foxconn's Recovery and Concerns
- Foxconn's production in China is exceeding expectations after COVID-19 disruptions.
- However, founder Terry Gou expresses concern about weak consumer demand, especially in the US.
G Suite's Quiet Dominance
- Google's G Suite platform has quietly amassed over 2 billion monthly active users, exceeding expectations.
- This makes G Suite a significant player in the productivity and collaboration space, rivaling Microsoft Office.