Tech Brew Ride Home Thu. 04/16 - The Video Conferencing Space Is So Hot, We’re Getting Steamy M&A Action Now.
Apr 16, 2020
The podcast dives into the booming video conferencing market with Verizon's acquisition of BlueJeans, showcasing their strategy to enhance corporate offerings. Apple is making waves with stylish over-ear headphones featuring interchangeable parts. Robinhood is raising new funds despite market challenges. Facebook's Libra faces significant regulatory hurdles, shifting its strategy. Meanwhile, TikTok introduces new parental controls and Amazon pivots to encourage less online shopping amid the pandemic.
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Verizon Buys BlueJeans
- Verizon acquired BlueJeans for under $500 million to strengthen its business offerings.
- This acquisition aims to enhance Verizon's corporate services with telemedicine, remote learning, and virtual training.
Apple's Modular Headphones
- Apple is developing over-the-ear headphones with interchangeable parts, similar to the Apple Watch's band system.
- This modular design allows for customization and convertibility between comfort and fitness use.
Limited PlayStation 5 Production
- Sony expects lower initial demand for the PlayStation 5 due to a higher anticipated launch price.
- The company plans to produce 5 to 6 million units in the fiscal year ending March 2021.