On Episode 318 of The Waves of Tech, we dive into a variety of tech topics making recent tech headlines. Facebook Live is growing in creativity and use and we share a recent example of local news incorporating Live extremely well. We discuss the ridesharing industry, including the rise of Apple’s presence in the market, the growth of ridesharing in China, and Lyft’s inability to be profitable. Verizon buys Fleetmatics, a logistics and telematics firm, to bolster their logistical elements both domestically and internationally. And finally, Comcast is being sued by the state of Washington for $100 million claiming the cable provide sold near worthless service plans to customers. Enjoy the podcast and continue to ride…the waves of tech.
Facebook Live Car Chase
Local news station are beginning to utilize Facebook Live in some creative ways. On Monday afternoon, a high speed chase occurred through the greater Los Angeles area. Fox 11 out of Los Angeles streamed the car chase via Facebook Live. We know that plenty of Americans love their freeway drama! Cool to see that companies, nonprofits, news outlets, and others are starting to use to live social media function to draw in audiences.
In the ridesharing world, a few things are clear – Uber is killing it, Lyft is dying out, Apple is profiting, and China is growing. In this segment, we cover all the recent news in ridesharing. Apple invested $1 billion in Didi Chuxing, dubbed the Uber of China, and is already seeing return on investment. Didi Chuxing has purchased the Uber operation in China and is now valued at $35 billion. On the other hand, Lyft continues to struggle posted operating losses over the past two years of nearly $400 million! Quite the contrast in terms of success.
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Verizon seems to be the talking point in the tech and telecommunications realm at the moment. After purchasing Yahoo last week, the telecom giant purchased Fleetmatics for $2.4 billion in cash. We dissect the purchase, trying to figure out the rationale behind this very intriguing buy. Is it to improve overall logistics and transportation needs of Verizon? Is it to bolster their smartphone business by having access to domestic and international small and medium sized businesses? The answer is unclear but we provide some ideas behind the purchase.
The state of Washington is suing Comcast for $100 million on behalf of their residents. The Attorney General’s office has filed suit claiming that the second largest cable and Internet provider sold “near worthless” service repair agreements. Comcast is accused of profiting from charges to their customers associated with repair to their in-wall systems and lines. In addition, Comcast ran credit checks against their customers which negatively affected their overall credit positioning. In total, the Attorney General is accusing Comcast of more than 1.8 million violations of Washington’s Consumer Protection Act. This is the first lawsuit of its kind in the courts.