Tech Brew Ride Home Mon. 03/09 - @Jack Lives To Fight Another Day
Mar 9, 2020
Markets are in chaos as Robinhood faces yet another outage. Jack Dorsey survives a crucial investor deal, while Apple may upgrade iPhone 12 with 64 MP cameras and launches a free iPad Air repair program. The gaming industry buzzes about the implications of an ARM-based Mac. Meanwhile, a quirky TikTok trend emerges: 'sleep streaming,' where users livestream their slumber for followers. The podcast explores these hot topics and how tech giants adapt in a rapidly changing landscape.
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Robinhood Outages
- Robinhood experienced its third major outage in two weeks, affecting equities, options, and crypto trading.
- This follows a lawsuit from a Florida trader alleging negligence for previous outages during market surges.
Dorsey Remains Twitter CEO
- Twitter CEO Jack Dorsey retains his position after a deal with Elliott Management and Silver Lake.
- Silver Lake's $1 billion investment triggers a $2 billion share buyback program and board seats for both firms.
Apple Sales Slump in China
- Apple sold fewer than 500,000 iPhones in China during February.
- This represents a significant drop, attributed to the coronavirus outbreak halving demand.