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Crime Boss: Rockay City Launches on Epic Games Store
505 Games and INGAME STUDIOS have just announced the release of their highly-anticipated, star-studded 90s organized crime first-person shooter (FPS) title, Crime Boss: Rockay City. The game is now available on the Epic Games Store with a special launch discount.
In Crime Boss: Rockay City, players assume the role of Travis Baker, a determined individual with the ambition to become the new King of Rockay City. The game offers an ever-evolving experience in Rockay City, where each playthrough is unique. Players can immerse themselves in the intense single-player roguelike campaign or engage in thrilling PVE and P2P co-op gameplay modes.
The game is a live-service shooter that combines exhilarating action set-pieces, brutal turf wars, and over-the-top references to 90s crime movies. It boasts a star-studded cast, including Michael Madsen, Chuck Norris, Danny Trejo, Kim Basinger, Danny Glover, Michael Rooker, Damion Poitier, and Vanilla Ice. As Travis Baker (Madsen), players will face seemingly insurmountable odds in a high-stakes turf war to rise to the top of Rockay City’s criminal underworld.
Crime Boss: Rockay City features an ever-evolving environment, presenting new challenges for Baker and his team in each playthrough. Players can choose to navigate missions in their unique playstyle, complete objectives, and conquer Rockay City one neighborhood at a time. The game also offers two high-stakes co-op modes, including permadeath and even higher rewards.
Neil Ralley, President of 505 Games, expressed his enthusiasm for the game’s release, stating, “today marks the beginning of Crime Boss: Rockay City’s story, and we can’t wait to continue building out the world of Crime Boss and all the potential it has to offer gamers.” Jarek Kolář, Development Director at INGAME Studios, also expressed excitement for the game’s launch, saying, “we hope people will have as much fun playing it as we did building it. And this is just the beginning!”
Crime Boss: Rockay City is available now on the Epic Games Store for £34.99, with a 15% launch discount applied between March 28th and April 4th. More information on the upcoming console releases will be provided at a later date. Don’t miss out on the opportunity to dive into this immersive, action-packed organized crime FPS adventure.


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Cruise ship disaster wipes £1bn off Carnival Corporation share value
- Shares in company that owns Costa Concordia fall 21%
- Analysts predict disaster could cost Carnival Corporation a tenth of its profits
- Global company made £1.3bn last year
Shares in the global cruise firm that owns the Costa Concordia fell 21 per cent today, wiping nearly £1billion from its market value.
Analysts have suggested that the disaster off Giglio, Tuscany, could reduce the company's profits by a tenth this year.
The timing of the fatal sinking could not be worse for the business, as January to March is the so-called 'wave season' - accounting for about a third of all bookings.
Disaster: At least six people were killed after the Costa Concordia, owned by Carnival Corporation plc, ran aground off the island of Giglio, Tuscany
Investigation: The fatal crash saw £1billion wiped of Carnival Corporation's market share this morning
Carnival Corporation & plc, which owns the Costa Cruises business in which the stricken Concordia operates, is the world's largest cruise ship operator. It owns 11 brands, including P&O, Cunard and Princess Cruises.
It is a dual-listed company, with headquarters in Southampton in the UK and Miami in the U.S.
It can trace its origins back to the Peninsular & Oriental Steam Navigation Company, which was founded in 1822 by Brodie McGhie Willcox, a London ship broker.
Carnival Corp & plc was formed in 2002 when Carnival Corp, the U.S. side of the business, controversially merged with P&O Cruises plc.
Run aground: A great tear was opened up in the side of the Costa Concordia on Friday after it hit rocks off the island of Giglio
Global: Carnival Corporation owns 11 brands, including Costa Cruises like those provided by the Costa Allegra (pictured), and is the largest cruise liner operator in the world
In its last update, Carnival Corp & plc recorded profits of £141million in the quarter ending November 30, down from £162million a year earlier.
From its humble beginnings as an Italian family firm, Costa Cruises has risen to become Europe's top cruise operator.
But it has been plagued by a history of accidents and scandal aboard its 15 ships.
One collision caused the deaths of three crew members, while a near-miss prompted an investigation into the company and its safety record.
And in 2008, the Costa Concordia itself hit the dockside in Palermo, Sicily, in bad weather - causing damage to the bow, though no one was hurt. It is not known whether the same captain was sailing it.
Impact: The Carnival Corporation & plc headquarters in Miami, Florida. The company could lose a tenth of its profits in 2012 after the disaster
More seriously, the Costa Europa crashed in 2008 as its captain tried to dock at Sharm el-Sheikh in Egypt in high winds, killing three crew and injuring four passengers.
At the time, an unnamed maritime official blamed '100 per cent human error', but Costa insisted bad weather was the cause.
Later that year, power failure was blamed for the Costa Classica smashing into a cargo vessel in China's Yangtze River, injuring three people.
The cruise line has also been plagued by reports of ineffective equipment and scandal.
Investigation: Francesco Schettino, captain of the Costa Concordia, is facing charges of multiple manslaughter and abandoning ship
In 2008, the Costa Atlantica developed steering problems. Separately, a crew member was arrested on a charge of possessing and importing child pornography.
The following year, the cruise line was fined £23,000 for deceptive advertising and there was a near-mutiny on the Costa Europa over engine problems.
There was also a fire on the Costa Romantica in the generator room which led to 1,429 passengers being evacuated.
Costa's safety record was called into question after a near-miss in the Channel in 2008.
The crew of the Costa Atlantica almost collided with a car transporter and was criticised by the UK Marine Accident Investigation Branch in an official report for failing to obey the waterway's strict two-way traffic system.
Costa began as a cargo shipping firm but carried passengers from 1947. In 2000 it was bought by Carnival Corporal.
The firm owns a combined fleet of more than 100 ships, has a 49 per cent share of the total worldwide cruise market and made £1.3billion profit last year.
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NEW YORK — The Kors Michael Kors store at 159 Mercer Street in SoHo here will close on Jan. 24, following the anticipated termination of Michael Kors Inc.’s bridge license with Onward Kashiyama USA.
Under its ownership by Sportswear Holdings Ltd. for the past year, Michael Kors has been focusing on the development of a new better-priced collection called Michael Michael Kors that will begin selling at retail in department stores for fall.
Meanwhile, the company is phasing out the Kors product, targeted toward bridge customers in department stores and in the red-and-white Kors flagship that opened in SoHo in 2001. Final deliveries of the Kors line were for holiday retailing.
When Lawrence Stroll and Silas Chou, co-chairmen of Sportswear Holdings, announced their intentions to build the Michael business in-house and terminate the Kors license, Stroll said he did not know Kashiyama’s plans for the Kors retail location, but that it would not continue as a Kors store. Kashiyama, which has been paring its other American businesses over the past year, did not return messages left at the company’s New York office on Tuesday.
A letter was sent to customers this week informing them of the store’s closure on Jan. 24. A spokeswoman for Michael Kors said she had no further information on the closing.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty


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Coty: Despite ‘challenging’ fiscal 2014, signs of nail segment turnaround emerge
NEW YORK — Beauty company Coty Inc. had a “challenging year” in fiscal 2014 as net revenues declined because of pressure on its nail business and fierce competition from rivals. However, the company is starting to see the first sign of a turnaround in its nail business thanks to the new Sally Hansen Miracle Gel.
“Fiscal 2014 was a challenging year for Coty. We reported a marginal decline both on top-line and bottom-line. Our net revenues decreased 1.6%, and our adjusted net income decreased 2.2%,” Michele Scannavini, CEO of Coty, told analysts. “The revenue decline was mainly due to the pressure we had on our nail business, particularly in the United States, which more than offset the growth we had in the fragrance and skin care segments.”
Net revenues for fiscal 2014 totaled $4.6 billion, a decrease of 1.6% like-for-like and 2.1% as reported from the prior-year. Adjusted net income was $316.2 million, a decrease from $323.2 million in the prior year. Adjusted earnings per diluted share decreased to 81 cents from 82 cents in the prior year.
According to the company, the U.S. market — which accounts for close to 30% of its business — experienced a 1.5% decrease in total fragrance for the year driven by a decline in the mass channel.
The U.S. color cosmetic market in mass was flat during the year and decreased 2% during the fourth quarter. Hampering the segment was nail, which recorded a 7% decline for the year and a 13% decline during the fourth quarter. However, there is sign of a turnaround.
“We are particularly excited to see the first sign of a turnaround in our nail business in the beginning of this fiscal year, driven by the launch of the new Sally Hansen Miracle Gel. First sales results are outstanding,” Scannavini told analysts. “According to IRI retail panel, in the four weeks ending Aug. 11, Sally Hansen hit its highest market share in the last two years.”
The company also noted that Rimmel London was the fastest-growing color brand among the top 10 in mass in fiscal year 2014. New launches under the Rimmel brand include a new mascara called Wonderful.


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Tesla wins lawsuit in Massachusetts
Tesla Motors Inc. was victorious today when a judge dismissed a lawsuit filed against the electric car company by the Massachusetts State Automobile Dealers Association.
The association alleged Palo Alto-based Tesla violated state law by selling its cars in Massachusetts itself instead of through a dealer.
A Superior Court judge dismissed the case, according to Tesla’s blog, based on “lack of standing and failure to state a claim.”
This isn’t Tesla’s first - or last - challenge in the way it sells cars.
Dealers groups in New York have filed a lawsuit, and in Oregon, the dealer’s association filed a complaint with the state transportation board.
The problem? Tesla owns and operates its own retail locations. But it’s illegal for a car company to sell cars directly to the public in 48 states.
(Read more about the issue, here)
Tesla feels a win on the East Coast will lead to wins elsewhere.
“We are confident that other states will also come to this same conclusion,” CEO and co-founder Elon Musk said in the company blog.
One down, 47 to go.
Shana Lynch is managing editor at the Business Journal.
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The opposition Labor party has slammed the newly unveiled Consumer Safeguards Review, saying the Australian government should be focused on preventing telecommunications complaints, rather than on who they get reported to.
"Labor's priority is to fix the root causes by addressing technology problems, and to put in place an NBN Service Guarantee to deliver less downtime for consumers and greater accountability in the industry," acting Shadow Communications Minister Stephen Jones said.
"The real priority is to fix the root causes of problems: Second-rate technology, lack of transparency, and the lack of proper service standards for rectifying faults and minimising downtime."
According to Jones, Labor's proposed NBN Service Guarantee would "ensure industry have the right incentives to be responsive and fix problems before those problems turn into complaints".
Following the rapid rise in complaints to the Telecommunications Industry Ombudsman (TIO), the federal government had announced a review of the telecommunications consumer safeguards, with Communications Minister Mitch Fifield on Thursday unveiling a consultation paper [PDF].
"Consumers are fed up with poor service and inadequate safeguards when their telco fails to address a complaint," Fifield said.
"The TIO had more than 158,000 complaints last year, compared to just over 2,000 complaints to the New Zealand Telecom Dispute Resolution service and around 9,000 complaints to the Canadian telecommunications complaints scheme. Australians are being let down by a system which isn't working."
The consultation paper suggests several ways of improving complaints handling, including establishing a new external dispute resolution (EDR) body as a replacement for the TIO, which would be "independent of industry" and aimed at addressing "complex" complaints.
"This body should have the power to compel providers to take remedial actions, which could include financial compensation and/or the ability to issue fines," the Department of Communications said.
The department added that the Australian Communications and Media Authority (ACMA) should be given responsibility for collecting industry performance and complaints data, including publishing reports with analysis.
The Communications Alliance responded to the consultation paper by saying it is "digesting the proposals", with CEO John Stanton pointing out that the TIO is already required to report data to the ACMA, and the ACMA is already required to publish this data.
According to Stanton, additional scrutiny is necessary on whether an EDR body is necessary to create.
"The TIO is fiercely independent, with a strong independent chair, independent directors, and even numbers of directors with consumer and industry experience -- it is funded by industry fees but not controlled by industry," Stanton said.
"Whether the cost and disruption inherent in dismantling the TIO and replacing it with a new body can be justified to achieve change that can happen in any event needs to be critically considered."
The Australian Communications Consumer Action Network (ACCAN) similarly expressed "strong concerns" about the removal of the TIO, with CEO Teresa Corbin arguing that the body is "one of the vital elements in the consumer protection regime".
"The consultation paper is proposing the creation of a new external dispute resolution body to only handle complex complaints unresolved between a customer and their telco retailer," ACCAN said.
"Under current arrangements, consumers can escalate a complaint to the TIO if they've been unable to resolve the issue with their telco, regardless of whether it is 'complex' or not. Consumers do not need any obstacle to make it an even longer process to get their complaints resolved."
The Consumer Action Law Centre added that the TIO already "satisfies the benchmarks" for a dispute resolution scheme -- and consumer advocates have in fact "advocated strongly" for a similar model for the finance industry.
The TIO's own response to the review stated that the "assertions and ideas set out in the paper need to be tested".
"In particular, we will be testing the propositions that consumers (especially vulnerable consumers) will have the capacity to work with providers in the model being proposed, and that a new body is needed to achieve greater independence in dispute resolution," the TIO said.
"It is vital that any change to the complaint handing mechanism ensures that residential consumers and small businesses continue to have access to a fair, independent, and effective complaint resolution service."
The government is accepting submissions from industry on whether the TIO's responsibilities should be "transformed" to an EDR body for complex complaints; whether the EDR body should also be "proactively engaged in driving industry improvements, identifying systemic complaints, and analysing root causes or recurring issues"; whether the EDR body's charging structure to lodge complaints be structured to encourage telcos to resolve complaints internally; and the processes for lodging a complaint with the EDR body.
The Communications Department also wants to know whether there would be "any unforeseen issues or unintended consequences of the proposal for a centralised repository and reporting of industry complaint information".
The department is also seeking comment on how telcos can be "encouraged" to resolve complaints without the need for escalation to external resources, including by adding more rules to the ACMA's standards; what barriers exist to prevent telcos from resolving complaints; how responsibilities for resolving complaints in the telco "supply chain" should be allocated; what consumers need to know about telcos' complaints procedures, and when and how they should be notified of these; and how telcos will ensure their staff are trained in such procedures.
Lastly, the government is seeking feedback on how often the EDR body should provide complaints data to the ACMA; whether the consultation paper addresses the major issues for telco complaints handling; what other measures could be included; and what practical timeframes for implementation should be taken into account.
Submissions are due by August 3.
In April, the TIO's 2017-18 half-yearly report had showed NBN consumer complaints more than tripling year on year to 22,827 for the first half of the year. In total, the TIO received 84,914 complaints about all telecommunications services during the six months to December 31, up 28.7 percent year on year.
The top complaints issues were charges and fees, at 38,594 complaints; provider response, at 36,563; poor service quality, at 18,936; connection/changing provider, at 13,844; no service, at 12,831; debt management, at 9,257; making a contract, at 7,003; in contract, at 5,628; equipment, at 2,957; and payments, at 2,398 complaints.
As a consequence, the Australian government had announced its review of the telecommunications consumer safeguards, with Macquarie Telecom at the time warning that rising consumer complaints statistics show "the practices being used within the telecoms industry to date are not working".
According to Macquarie Telecom group executive Luke Clifton, generic industry-wide regulations and consumer protection rules have not helped the banking industry, as shown by the Financial Services Royal Commission.
Clifton said responsibility should instead be put back on how each company will take steps to lower consumer complaints, before a telco Royal Commission ends up being called.
NBN complaints to the TIO triple
NBN complaints to the Ombudsman rose by more than 200 percent to a total of 22,827 during the first half of 2017-18.
NBN complaints more than doubling a 'cause for concern': TIO
While the TIO has said complaints about NBN are expected to grow during the acceleration of the rollout, it has called this year's 160 percent increase concerning, while NBN called it 'unfortunate'.
Another rise in telco complaints shows 'struggling' industry: Comms Alliance
Telstra, Optus, Vodafone Australia, and Pivotel have all clocked in with higher complaints ratios in the quarterly telecommunications complaints in context report.
Broken down by NBN technology: ACMA wants to publish telco complaints data
Proposed ACMA rules would force ISPs to respond to customers within a week and provide transparency into ISP complaints.
Australia kicks off regional telco review
The federal government has convened a new regional telecommunications review committee to look into the proposed Universal Service Guarantee, as well as the quality of and access to voice and broadband services.
MacTel warns telcos to fix problems before Royal Commission happens
The government delayed its review of telco consumer safeguards until NBN complaints to the TIO tripled, Labor has said, but Macquarie Telecom is suggesting tighter regulations aren't the answer.


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Investigators from the Department of Motor Vehicles arrested Joseph /*Charles Hill IV*/ on December 12th. He faces 33 criminal counts and was booked into the Fresno County Jail on Grand Theft Charges.
Investigators say he worked as an unlicensed car dealer and duped about a hundred unsuspecting buyers. Tom Wilson, the DMV Investigations Area Commander said, "Buys on Craigslist and then he brings them back, adjusts the mileage, and then puts them back on Craigslist for sale with a significantly reduced figure."
Wilson said Hill used a handheld computer programmer to roll back the odometers on GM and GMC trucks that he'd purchased online.
One of his customers contacted the DMV last summer, saying he'd purchased a vehicle and then ran a report on CARFAX, only to discover the odometer had been fixed and was in excess of 163,000 miles. Investigators opened a case and found multiple victims. Some of the odometers had been rolled back more than 225,000 miles. Wilson said, "When you roll back the odometer it can significantly decrease or increase the value of that vehicle at the time of sale people are more interested in buying a vehicle with lower mileage than they are with higher mileage."
There are nine confirmed victims, but investigators believe Hill bought more than 90 trucks on Craigslist, which leads them to believe there are dozens of unsuspecting victims.
Anyone who bought a GMC or GM truck from Hill within the past year is urged to contact the DMV Investigations office at 559-488-4024. They're specifically looking for people who have models between 1999 and 2006.
Wilson said, "We highly recommend anytime you're gonna purchase a vehicle, do the research, run the VIN and find out where it's been and what the mileage has been."


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Porsche Names First Electric Sports Car as Porsche Taycan
Porsche has revealed the name of its first purely electric sports car as the Porsche Taycan, which is a rough translation for "lively young horse" in German.
"Our new electric sports car is strong and dependable; it's a vehicle that can consistently cover long distances and that epitomizes freedom," said Oliver Blume, chairman of the executive board of Porsche AG
Two permanently activated synchronous motors (PSM) generating a system output of over 600 hp accelerate the electric sports car to nearly 100 kph in well under 3.5 seconds and to 200 kph in less than 12 seconds. The Porsche Taycan will also offer a consistent level of power that is unprecedented among electric vehicles: multiple launches in a row will be possible without a loss in performance, and the vehicle's maximum range will be over 480 kilometers as measured in accordance with the New European Driving Cycle (NEDC).


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Electronics manufacturer LG will be launching its G2 smartphone in India on September 30, 2013, soon after the South Korean company unveiled the device globally in August 2013. The company sent out press invitations for the launch event, set to be held on September 30, 2013.
The company also had many Facebook posts recently, which stated that the G2 will arrive in India soon. The price of the LG G2 in India is expected to be between Rs. 40,000 and Rs. 45,000. Most top smartphones which are launched in the country are in the same price range, but some can also be purchased for around Rs. 35,000.
The latest smartphone by LG will be competing with other, similar handsets, including the HTC One, Apple’s iPhone 5, Samsung Galaxy S4, the BlackBerry Z10 Nokia Lumia 925 and Sony Xperia Z. This week, a couple of important phones from the major companies were launched in the Indian market, like the Sony Xperia Z and the Samsung Galaxy Note 3.
The new G2 has a 5.2-inch full HD screen, which is a bit bigger than the 5-inch display of the rivals like the Galaxy S4 and the Xperia Z. When it comes to connectivity, the latest handset will feature 2G, 3G, Wi-Fi, Bluetooth 4.0, NFC and infrared.
Photo Credits: In Today


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Since Hector also supports over-the-air (OTA) updates, it will make it one of the few cars in the world to include an integrated OTA feature, according to Rajeev Chaba, president and managing director of MG Motor India.
Chaba shared several “industry-first" features of internet-enabled cars that will be available in the Hector. Similar to Tesla, Hector will have a 10.4-inch head unit—a touchscreen that is the biggest in the auto market in India. The screen will allow the driver to control the entire car system with just a touch or voice command.
The unit will be pre-loaded with entertainment content: there will be ten pre-loaded videos downloaded, a pre-loaded Gaana app with a premium account and AccuWeather which will help the customers to access music and weather forecasts.
The unit also has an embedded machine to machine SIM which ensures that the car remains connected. The solution has been developed by Unlimit—a Reliance Group firm—in partnership with Cisco and Bharti Airtel Ltd. MG Motor has also partnered with other technology companies including Microsoft Corp., Adobe Inc. and SAP AG.
The connected mobility solution on MG Hector is Internet Protocol Version 6 (IPv6), which is 5G-ready. This seamless connectivity enables the users to receive real-time software, entertainment content and application updates.
“With an embedded SIM card and OTA, the MG Hector promises to do a lot more over time with constantly expanding capabilities, to create a seamless driving experience, throughout the life of the car," said Chaba.
“Furthermore, with the advent of 5G connectivity in India, MG cars will have the potential to add new, breakthrough features to further enrich the car driving experience," Chaba added.
Adding more power to the car will be an artificial intelligence (AI)-based voice assistant that works on the cloud. Developed by Nuance for MG India, it has been designed for Indian accent learning. As a result of in-built AI and machine learning (ML) algorithms, the system will learn and get better every day with usage.
Activated with “Hello MG", the voice assist technology allows over 100 commands, including opening and closing of windows and sun roof, AC control and navigation, and is built to work even when there is poor connectivity. Another feature is a pre-embedded navigation app from TomTom, a global leader in automotive navigation. “All the apps have been specially customized for MG Hector’s large head unit," said Chaba.
“MG Motor’s approach of launching a differentiated model is spot on with a clear objective of appealing to a certain segment of vehicle buying population," said Anil Sharma, associate director at MarketsandMarkets, a automotive and transportation consultancy.
MG Hector also has an app to check the vehicle’s status, lock doors, turn on ignition and switch on the air-conditioner before entering the car. The “Find my car" feature allows a owner to locate the car remotely and geo-fence (software to alert when a mobile device enters or leaves a particular area) it, enhancing the safety of passengers.
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Research & Insights
December 13, 2019 G&A Institute Releases Analysis of The Business Roundtable Companies’ ESG Reporting PracticesSource: Governance & Accountability Institute
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December 4, 2019 The promise of sustainable agriculture: A report from a townieSource: GreenBiz
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November 27, 2019 UN climate change report warns about rising carbon emissions - videoSource: CBC/youTube
A major new report from the United Nations warns that countries around the world aren't doing enough to control the CO2 emissions that are warming the climate. CBS News weather and climate contributor Jeff Berardelli joins CBSN...
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November 12, 2019 2019 Architect 50: Top 50 Firms in SustainabilitySource: Architect Magazine
BNIM, which earned top honors in the sustainability category this year, has long been a pioneer of environmentally ambitious design. Founded in Kansas City, Mo., in the 1970s, and now with 86 employees across three offices, the...
November 6, 2019 Global Sustainability Performance Holds, Despite Corporate Commitments to Create a More Responsible EconomySource: PR Newswire
The report offers comprehensive insight into the supply chain sustainability performance of more than 30,000 companies worldwide.
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Millions Of Samsung And Roku Smart TVs Found To Be Vulnerable To Remote Hacks
According to Consumer Reports, literally, millions of television sets which offer smart functionality via an underlying operating system could be vulnerable to a malicious attack due to ongoing vulnerabilities.
The report is suggesting that millions of smart TVs around the world could theoretically be controlled by external influences if the internal vulnerabilities are exploited without the prior knowledge of the TV owner.
The research into the topic has found that the problem is evident on televisions manufactured by Samsung and TCL, which currently sells sets around the world under the Roku brand. The testing discovered that very personal and financial details, such as bank data, couldn’t be obtained, but other acts were possible by remote hackers.
It seems that anyone with the requisite knowledge to hack into one of these vulnerable TVs or streaming boxes would be able to perform actions such as changing the TV channel currently being watched, adjust the volume too high or low levels, and even play offensive or adult-rated content on the television set should they wish to do so. All of these actions and commands could be invoked from thousands of miles away on a remote basis due to the fact that the smart TVs are Internet connected and can be accessed and controlled as such.
It probably shouldn’t come as any huge surprise that a device which is permanently connected to the internet, and which derives a lot of its features and functionality from that online connectivity, is actually susceptible to outside interference. It’s perfectly possible that households with smart TVs have actually refused any ability to connect those sets to an internal Wi-Fi network but it’s also reasonable to assume that those who have purchased a set with smart functionality would need that connection for accessing apps and services, such as Netflix or Spotify. And that’s where the problems can begin.
The problem is said to arise from the fact that Roku’s video streaming software has an unsecured API in place which allows developers to bundle additional functionality, should they wish to do so. This is used for building remote control applications, which could be hijacked by those malicious individuals to take over the television set. Both companies are currently investigating the problem.


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iQOO’s upcoming Flagship, iQoo 3 is going to be released in a couple of days time. The device is going to be sold exclusively via Flipkart. The iQoo 3 promotional page is now live on Flipkart. Most of the important features and specs are mentioned on the page.
According to the listing, the device will be launched on 25th February 2020. This is going to be India’s first Snapdragon 865 chipset powered device with 5G support. Other than that most of the keys specs of the device have been leaked.
The device is going to be a performance monster. Recently, it appeared on the Antutu benchmark and scored an amazing score of 597583 points. This is the first Android device with Snapdragon 865 to score above 590000 points.


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Porsche set a new global sales record in 2021 after delivering 301,915 cars worldwide, an increase of 11% compared to 2020. Porsche sold 70,025 cars in the US, another new record, beating the previous 2019 record by 14%. And in China alone, Porsche’s biggest market, the brand delivered 95,671 cars, bettering the 2020 record by 8%. But none of those milestones can compare to Porsche’s biggest sales news: The electric Taycan outsold the 911 sports car for the first time in 2021.
taekken isIn the race for sales in the first quarters, then this news Not there It is phenomenal, but it is shocking nonetheless. Porsche delivered 41,296 Taycans worldwide last year, more than double the number sold in 2020, the Taycan’s first full year of sales. Meanwhile 38,464 911 models were sold – a record number for a 911, but still not enough for Porsche’s latest and greatest. It was a slightly different story in the US, with 9,419 Texans delivered compared to 10,042 911s. Boosting the success of the Taycan was the new Cross Turismo model, which went on sale at the end of the year and apparently had a larger percentage of sales than Porsche had expected.
As has been the case for years, however, Porsche’s best-selling SUV was its SUV. The Macan took the sales crown with 88,362 deliveries worldwide, while the Cayenne came second with 83,071 sales. The ranking was similar in the US, with 24,716 Macan and 17,299 Cayenne making their way into the hands of customers. The Panamera (30,220 worldwide, 4,257 in the US) and 718 (20,502 worldwide, 4,292 in the US) were trailing.
Beyond just the Taycan it was a banner year for the electrified Porsche in general. The brand says that 40% of its total sales in Europe were fully electric or plug-in hybrid, while 13.5% of its US sales were fully electric and 3.5% were plug-in. After the success of Taycan, the launch of the upcomingThis year, Porsche’s electric sales will be seen touching the sky even more.


text: According to a new study in JAMA, supplements have no benefit in reducing risk of cardiovascular disease in the elderly with macular degeneration. Daily dietary supplements of omega-3 polyunsaturated fatty acids (also found in fish) or lutein and zeaxanthin (nutrients found in green leafy vegetables) were not associated with reduced risk for cardiovascular disease . According to researchers, diet studies have suggested that increased intake of fish, a source of omega (ìä)-3 fatty acids, can reduce rates of cardiac death, death from all other causes and heart attack. However, the evidence that taking dietary supplements containing those fatty acids has been inconsistent and has suggested no reduction in CVD events. They wanted to particularly study the impact for those with the eye disease. 4,203 individuals were randomized to take supplements. The supplements were added to vitamins and minerals recommended for macular degeneration and given to the participants, who were primarily white, married and highly educated with a median age of 74 years at baseline. There was no reduction in CVD (heart attack, stroke and cardiovascular death) or secondary CVD outcomes (hospitalized heart failure, revascularization or unstable angina) among patients taking the supplements. Supplements have always been a touchy topic. My wife and I had our metabolism checked several years ago and went on a number of supplements and lost 30 pounds. Off the supplements I have gained a bunch back. Personally I rather be putting fewer unknown substances in my body. Check with your health professional if you are thinking about supplementation.


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Wall Street flat at open
Back in the US, and markets have opened virtually unchanged after the day’s economic data came in stronger than expected and renewed talk of a possible rate rise next month. On Friday Fed chair Janet Yellen said an increase would be appropriate in the coming months.
Investors remain cautious however ahead of Friday’s non-farm payroll numbers, the last before the Fed’s June meeting.
So the Dow Jones Industrial Average is down around 8 points or 0.04%, torn between the prospect of a rate rise and the data showing the economy is growing more strongly than expected.
Here’s our story confirming that 1,000 jobs are to go as 120 Austin Reed stores are shut:
More fuel for the members of the Fed who want to raise rates before long: better than expected housing figures.
US single family house prices rose 5.4% in March on a year on year basis, the same as the previous month and higher than forecasts of a 5.2% increase, according to the latest S&P/Case Schiller index. David M. Blitzer at the Index Committee said:
The economy is supporting the price increases with improving labor markets, falling unemployment rates and extremely low mortgage rates. Another factor behind rising home prices is the limited supply of homes on the market.
US consumer spending jumps
Just in..... personal spending across America rose by a chunky 1.0% in April.
That beats estimates of a 0.7% rise, and is the biggest jump since August 2009. It suggests US consumers were pretty upbeat about economic prospects last month.
The Commerce Department said on Tuesday consumer spending, which accounts for more than two-thirds of U.S. economic activity, surged 1.0 percent last month as households bought automobiles and a range of other goods and services.
The Commerce Department also reports that personal incomes in America rose by 0.4% in April. That’s in line with expectations, and means that spending is outstripping income growth.
It may fuel the debate about whether the Federal Reserve could, or should, raise interest rates....
Good news! Portugal is growing twice as fast as we thought. Bad news! Portugal only grew by 0.2% in the last quarter.
That’s according to the Lisbon stats office, which has revised up the initial growth estimates (from 0.1% to 0.2%) today (the FT has more details).
It means the Portuguese economy has now grown for the last two years, but not fast enough to eliminate fears about the country, which was bailed out in 2011.
Today’s jobless report also showed that Portugal has the fourth-higher unemployment rate in the EU, at 12%.
Why June will be volatile
Investors should enough the quiet of May while they can, because June is going to be very dramatic.
Britain’s vote on EU membership will obviously be huge, while America’s central bank’s monetary policy meeting could also move global markets.
Mihir Kapadia, CEO at Sun Global Investments, says:
‘’As the month of May comes to an end, June looks likely to be even more volatile – with a potential US interest rate hike, the EU referendum in the UK and the price of oil being key risk factors for a market that has been on edge for the entire year.
May was a month where expectations of interest rate increases in the US were brought forward, with the Fed’s Bullard the latest prominent voice to suggest that a hike is approaching fast. This week, the markets will be looking to the May non-farm payrolls data on Friday – a strong jobs number will be seen as providing the Fed with the data needed to push ahead with an interest rate hike in June.’’
Swiss bank UBS is also predicting plenty of action:
A reminder that it’s a big week for US economic data, especially for those wondering if the Federal Reserve will raise interest rates next month.
It starts with US personal income figures for April, in an hour’s time, followed by the consumer confidence report at 3pm BST.


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Well they have finally announced it. And it’s not much of a surprised, more of a sooner or later event.
What am I talking about? The upcoming Google update. Google has announced Starting April 21 Google will use mobile-friendliness as a ranking signal. A change that will affect mobile searches in all languages worldwide and will have a significant impact in our search results.
Consumers habits have changed. Mobile is going to be the new and NOW the question is. Are you ready for it?
Check if your site is optimized for mobile here.


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Nuji, the London-based social shopping service has just announced its launch of photo tagging, as well as virtual stores (Update – December 2022: The startup seems to have joined Klarna and we therefore deactivated the link).
Nuji was started at the end of 2010. The service helps you share and discover products you love with like-minded people. According to Nuji’s co-founder Dean Fankhauser, the startup has already aggregated data from over a thousand stores.
With the new photo tagging feature for the iPhone, users can now share items they found in their daily lives. When it comes to the second new feature, ‘virtual stores’, these include all items that users have shared from online or offline stores which are automatically aggregated.
For more information about the young company, just watch Nuji’s pitch at last year’s LeWeb:
Speaking about events, do you have your ticket for the upcoming EU-Startups Summit?


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Earlier this week, Swedish flat-pack furniture manufacturer Ikea dealt a massive blow to the long-running fan blog IkeaHackers.net. According to a blog post published by founder Jules Yap, the site was issued a cease and desist order in March, alleging that the website’s name infringed on Ikea’s intellectual property rights.
IkeaHackers.net, for those of you who might be unfamiliar, is a site that posts how-to’s and instructions for DIY furniture made from various different Ikea products. Because nearly all of the items in Ikea’s catalog can be assembled with the same fasteners, it’s possible to combine pieces from different kits to create new furniture. Nearly all of the designs are user-submitted, and over the past eight years, the site has amassed a sizable following.
Speaking with BBC, an Ikea representative explained the reasoning behind the cease and desist letter, saying: “When companies use the Ikea name for economic gain, it creates confusion and rights are lost. We feel a great responsibility to our customers and that they can always trust Ikea .. Many people want to know what really is connected to Ikea, and what isn’t. And we think that people should have that right.”
In the cease and desist letter, the company asked IkeaHackers.net to voluntarily transfer its domain name to them, adding of course that if that doesn’t happen, they reserve the right to take any legal action necessary against Yap.
After much negotiation, Ikea eventually agreed to let Yap keep the domain name IkeaHakckers.net, so long as all advertising was removed from the site. Yap, despite being extremely reluctant to give up the site she’s been running for eight years, complied with the request simply because she doesn’t have “deep enough pockets” to fight a legal battle with such a large corporation.
So in a nutshell, this is the end of IkeaHackers. The site is required to take down all of its ads by June 23, which will effectively cut off all revenue the site generates to keep itself up and running.
But all is not lost. According to her blog, Yap is currently in the process of moving to a new domain, so despite the fact that IkeaHackers will soon be dead, the site’s community will soon have a new site to go to. There’s no word on when the new site might go live, but for the time being you can sign up for email updates here.


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EA plan to support motion control technology
Speaking as EA unveiled their latest financial results, boss-man John Riccitiello confirmed that the publisher is planning to support both Microsoft's Natal and Sony's motion controller from the get-go.
The firm is apparently optimistic about the opportunities presented by the rival Xbox 360 and PS3 technologies; the firm hopeful of announcing new games for the platforms in 2010.
"Our view is that motion-based gaming is something that is both going to drive install base, drive interest and drive growth. We're positive overall," VG247 quote the exec as revealing.
"We're planning to support both. We haven't yet announced our plans to do so, but we shall do so in the right time-frame for that, which is likely to be early-to mid-2010."
The PS3's motion control technology is expected out in the spring, while Microsoft's Natal could hit town in winter 2010.
- Borderlands 2 writer leaving Gearbox to join Freddie Wong's RocketJump production company
- Bloodborne will be harder than Demon's Souls and features procedurally generated dungeons
- Hearthstone users pass the 75 million mark, new expansion on the way says new report
- Square Enix unveils the Final Fantasy Type-0 Collector's Edition
- Life Is Strange arrives today
- SEGA cuts jobs in the biggest strategic shift since they binned the Dreamcast
- Big new update arrives for Frozen Cortex
- Introversion's Prison Architect will see its full launch this year, mobile version announced
- Ken Levine's next game is a first-person sci-fi title


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Phil Spencer: Game companies should "turn away from dividing players and creators"
The Xbox boss held a speech during the 12th annual New York Game Awards.
The Xbox boss Phil Spencer was recently awarded the Andrew Yoon Memorial Legend Award during the 12th annual New York Game Awards. Spencer, who visited the event personally, also had an acceptance speech and took the opportunity to call for more unity amongst game companies.
Amongst other things, Spencer said game companies should work more "to inspire and invite joy", claiming this is the "greatest responsibility". He also added that this is extra necessary right now as "there is more despair in the world, a steady stream of bad news". He also called for game companies to "turn away from dividing players and creators".
The full speech can be found over here, it's well worth checking out and Spencer makes a lot of valid points in an era that sometimes feels to fixated in the negatives rather that everything that is good.


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However, there is optimism that further use cases for the technology will emerge over the coming year.
Patrick Shmid, vice president at industry-led consortium The Institutes Riskblock Alliance, said
- Zurich UK CEO: Ban hands free phone use in vehicles
- Insurers must work with the repairer sector to keep it from 'dying on its feet'
- Insurers need to raise awareness on keyless car thefts
- Ardonagh boss joins Nexus group
- Zurich and Travelers discuss digital hype and legacy benefits in new Post webinar
- Insurers could face fines under plans to tackle dual pricing 'rip-off'
- Insurtech Trov to close its UK app


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Last month I wrote about predictions by some food industry experts on the shape of the food industry in 2050.
When some of panelists from our industry were asked at the Food for the Future summit in Singapore what they thought the food world would look like in 30 years’ time, they said there would be no stock farms, no animal ingredients in foods, and no meat section in supermarkets. The commentators were from companies promoting plant-based proteins which no doubt affects their views, but their comments were interesting nonetheless.
Their argument was, that in order to feed the expected 10 billion population sustainably, nutritiously, and affordably, most land would need to be used to grow plant-based nutrients rather than crops for animals. The result, one said, would be much better products than animals could ever produce.
For a country like New Zealand that relies on meat for a big chunk of income and employment, it’s confronting stuff, although I’m confident there will always be a demand for premium non-synthetic nutritious foods.
Now there are predictions of further shake-ups – this time for the supermarket sector, and they’re talking much closer than 30 years. Try just six or seven.
The predictions come from world food and grocery expert David “Dr Food” Hughes, Emeritus Professor of Food Marketing at Imperial College, London, who spoke at the Food and Grocery Council’s annual general meeting in Auckland last month.
He said supermarkets, particularly in bigger markets such as the UK, US and Europe, are struggling to hold onto their market share due to the growth of discounters, convenience stores, and companies that sell groceries online.
None of this will come as a great surprise, but the speed and scale of the change Prof Hughes is talking about might.
He predicts that due smart technologies and an increase in the online offering, by 2025 most products that are shelf-stable and don’t have an emotional connection with consumers – who buy it on a regular basis and know the brand they want – will just arrive. “It will be auto-replenished, and it will come at a good price”.
He’s backed by international research company Nielsen, which predicts the share of online in the UK could reach 20% by 2025 – the equivalent of 3900 grocery stories – with 40% of centre store volume moving to an “online shopping experience.”
The downside of all this for supermarkets? “They will shrink because there will be 30% of the space in a supermarket that just isn’t needed,” says Prof Hughes. “That will happen in many markets.”
He says that in the US and Canada, moves by the likes of discounter Aldi, the massive Walmart, and the rapidly growing Amazon (which has 44% of the US e-commerce market and is now in the grocery business), are forcing regional supermarket chains out of business by developing online and with their discounting.
In the US, voice-activated technology is having a huge effect on the move to online shopping. About 25% of households there now own a voice-activated home assistant, which enables consumers to order their groceries, and anything else, online.
When you add Walmart’s trials of grocery deliveries by Uber, Amazon’s growing presence, and Tesco’s trial in the UK of delivery (within an hour!) by robot, it’s not hard to see how Prof Hughes reaches his conclusions.
In the UK, these pressures, along with the growing availability of same-day delivery, have seen 1 in 7 consumers buying their food online, numbers doubling in the past two years. Total online grocery spend is predicted to reach NZ$21 billion this year and $32 billion a year within the next five.
So, are New Zealand supermarkets facing the same disruption? Only time will tell.
Our small and concentrated market has so far proved unattractive to discounters, though Aldi admits it reviews our market “from time to time” from its perch in Australia where it holds a 12% market share and growing.
Online grocery shopping has been here for 22 years, but its uptake has been relatively slow until recent years. Countdown first made it available at what was then Foodtown Manurewa, and now processes more than 20,000 orders a week, while New World’s offering is relatively new, having just 20 stores, though with more imminent.
Though we’ve got a vastly different market to many, I wouldn’t be so sure similar disruption won’t happen at some point.
(originally published in Supermarket News)


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Can Jitterbug Go Red for Women? Jitterbug (now GreatCall) has joined the American Heart Association’s campaign for better heart health awareness for women. According to the latest statistics, one-third of all women still die of heart disease, many at a young age. The goal of the campaign is to reduce, "death and disability from cardiovascular disease and strokes by 20% while improving the cardiovascular health of all Americans by 20% by the year 2020."
As of 2013, the Go Red campaign reports that 34 percent fewer women now die from heart disease. So the 20 percent goal has already been met!
Companies generally help raise money by producing consumer items that are branded with the Go Red campaign. So, for example, you can get a free subscription to Martha Stewart’s Living magazine if you donate $50 or you can buy a little Go Red dress from Macy’s.
GreatCall has done a couple of things to take part in this campaign
GreatCall has made an upfront donation of $500,000 to the education campaign. The Go Red for Women education campaign has many parts.
There are, of course, videos by the famous promoting the campaign. They’ve also focused on a few representative women who will be blogging about the journey to better heart health. These women talk about the steps they’ve taken and are taking to live healthier. Interestingly all the women are relatively young, but some have already had heart health issues. In addition, the campaign encourages everyone to sign up and speak up, join their Facebook fan page and write on the "Wall".
Once you sign up, you can get many benefits. You get a Heart Checkup that goes over the facts you need to know about heart health. Then you get a guide that explain how to Talk to Your Doctor about them. You can participate in many “Go Red” events in your vicinity, and take part in National Go Red Day on Feb 5th. You can join the Better U twelve-week online nutrition and fitness program to get coached to better health. You get to ask heart specialists about the latest information. Plus you get some great healthy cooking recipes. You can Sign up for Go Red for Women here.
One of the most important things you can do is share all this information with others. This is where Jitterbug steps up.
The phone comes in red so you get an attractive phone to show your support. More importantly, when you buy this Jitterbug phone, you will automatically get Heart Healthy Tips direct from the American Heart Association.
It’s then easy to share these heart health tips with those you love by simply forwarding the tips.


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China Telecom to sell iPhone 4SFebruary 21st, 2012 - 4:59 pm ICT by IANS
Beijing, Feb 21 (IANS) China Telecom, the country’s third largest wireless carrier, said Tuesday that it would start selling the iPhone 4S March 9, ending China Unicom’s three-year run as the only carrier allowed to sell the device within the country.
The company will start taking pre-orders March 2, both on its official website and outlets of Suning Appliance Co., according to a statement from the company.
China Telecom said that it would spend heavily on marketing the smartphone, which is likely to weigh on profits in the short term but “enhance its long-term sustainable growth and value creation”, reported Xinhua.
The iPhone 4S is currently available in China through resellers, Apple’s online store and China Unicom — the country’s second-biggest wireless carrier, which started offering Apple Inc.’s iPhones in China in 2009.
Shares in China Telecom, also the nation’s top fixed-line operator, rose by 2.71 percent Monday, while its rival China Unicom traded flat.
- Beijing firm to launch CDMA iPhone 4S - Jan 31, 2012
- Apple eyes China expansion - Mar 27, 2012
- iPhone 5 pre-orders top record 2 million in first 24 hours - Sep 18, 2012
- iPhone 4s to go on sale in China next week - Jan 06, 2012
- iPhone 4s Pre-orders create new record - Oct 10, 2011
- Apple suspends iPhone 4S sales in Beijing, Shanghai - Jan 13, 2012
- Apple iPhone 4S pre-orders top 1 mn in 24 hours - Oct 11, 2011
- Apple working on less expensive iPhones - Feb 14, 2011
- iPhone 5 sets a 2 million sales record - Sep 18, 2012
- Apple making new iPhone for Verizon - Oct 07, 2010
- iPhone 4S sales top 4 mn in first weekend: Apple - Oct 18, 2011
- Apple doubles profit on solid iPhone sales - Apr 25, 2012
- Apple's iPhone 4S sales top four mn in three days - Oct 18, 2011
- iPhone 5 sets a 2 mn pre-booking record (Lead) - Sep 18, 2012
- Smartphone users hit 20 mn mark in South Korea - Oct 31, 2011
Tags: apple, beijing, china telecom, china unicom, iphone, iphones, line operator, profits, resellers, rival china, s online store, smartphone, sustainable growth, value creation, wireless carrier, xinhua


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Peloton shares tumble 24% after it reports losses of $376M in the wake of infant treadmill recall while Airbnb profits surge 280% to $2.24B
Peloton shares plunged 24% on Thursday after the company reported a net loss of $376 million in its third quarter, as the company struggles to recover from a voluntary treadmill recall sparked by an infant’s death and 29 other injuries.
Meanwhile, Airbnb profits have skyrocketed in the third quarter by $2.24 billion, or a whopping 280%, as more guests are comfortable traveling again.
Other digital companies seeing significant changes in third quarter results include Uber, which lost $2.4 billion due to a drop in the value of its investment holdings in other ride-sharing apps. Lyft also saw a drop in third-quarter revenue, as losses came in at $71.5 million.
Peloton is searching for ways to keep revenue growing and find new customers, which has been particularly difficult after recalling their treadmill earlier this year due to the death of a child pulled under its belt, and the injuries of 29 others.
Peloton shares took a steep drop by 24% on Thursday after the company reported a net loss of $376 million in its third quarter
Peloton shares fell between July and September, as the company struggles to recover from a voluntary treadmill recall sparked by an infant’s fatal accident and 29 other injuries
Shares dropped by 24% today after the company announced its third quarter results
For the three-month period ended Sept. 30, Peloton reported a net loss of $376 million, or $1.25 per share, compared with net income of $69.3 million, or earnings of 20 cents a share, a year earlier. Analysts expected Peloton would see a loss of $1.07 per share, CNBC reported.
Peloton revenue grew 6% to $805.2 million from $757.9 million a year earlier, missing it estimates for $810.7 million. Peloton’s sales of its connected fitness products, including its bikes and treads, fell 17% to $501 million.
Subscription revenue rose by 94% to $304.1 million. Connected fitness sales accounted for 62% of Peloton’s business in the quarter.
Peloton had 2.49 million connected fitness subscribers, or those who own a Peloton product and pay a monthly fee to access the company’s digital workout content at the end of the third quarter, which was an increase of 87% from the previous year.
Peloton temporarily stopped making their treadmills due to the death of a child and the injuries of 29 others. In a video released by the Consumer Product Safety Commission, a young boy is seen walking behind the Peloton Tread+ with a large pink ball while a young girl is on it, which gets pulled under the treadmill
In August, Peloton lowered the price of its original Bike to $1,495 – a nearly 20 per cent price cut from the $2,245 it costed this time last year.
This came after Peloton temporarily stopped making their treadmills due to the death of a child and the injuries of 29 others.
In a video released by the Consumer Product Safety Commission, a young boy is seen walking behind the Peloton Tread+ with a large pink ball while a young girl is on it, which gets pulled under the treadmill.
The August price drop marked the second time Peloton has reduced the original Bike’s price. When the Bike+ machine debuted last September for $2,495 the original bike’s price was slashed to $1,895.
The popular at-home fitness equipment maker rocketed in popularity during the pandemic as people desperate to stay fit while gyms were closed bought its bikes.
That also sent the firm’s stock price soaring. But gyms began reopening last fall, and masking rules relaxed further this year as the availability of COVID vaccines increased, with many people now choosing to return to the weights room and in-person group class instead.
Airbnb profits have skyrocketed in the third quarter by $2.24 billion, or a whopping 280%
Airbnb shares has climbed slightly today after the company revealed its third quarter success
The company is succeeding as more travelers are comfortable getting on the road again post-pandemic
On Thursday, Chief Financial Officer Jill Woodworth said that Bike sales did increase after the change, but not in the way the company had hoped.
‘While the price drop led to conversion rates that exceeded our forecast, overall traffic has not met our initial expectation. We’ve also seen a richer than anticipated mix of Bike sales versus Bike+, further impacting both revenue and our growth margin expectation,’ Woodworth told analysts on an earnings call, CNBC reported.
Peloton’s gross margins in the latest quarter fell to 12% from 39.4% a year earlier.
Foley added that the company still has more work to do to educate consumers about the Tread product. However, he still believe treadmills will grow to one day be a bigger category for Peloton than bikes.
Airbnb saw a surge in profit growth during the third quarter as the company continues coming back from the coronavirus pandemic and more travelers feel comfortable staying in their homes. Shares briefly climbed over 3% in after-hours trading Thursday as the company announced its 280% profit growth to $2.24 billion.
Gross booking value — which the company uses to track host earnings, service fees, cleaning fees and taxes — reached $11.89 billion in the third quarter and was up about 48% from the prior year.
The company drew media attention just yesterday after announcing that it is putting up for rent a stunning recreation of the Brownstone New York apartment in which Sex and the City’s Carrie Bradshaw character lived.
The company drew media attention just yesterday after announcing that it is putting up for rent a stunning recreation of the Brownstone New York apartment in which Sex and the City’s Carrie Bradshaw character lived. Sarah Jessica Parker (above), who played her, not only had a hand in designing it, but will welcome guests when they arrive
What’s more, Sarah Jessica Parker – who played her – not only had a hand in designing it, but will welcome guests when they arrive.
Parker says of the new Airbnb: ‘The Carrie Bradshaw character is near and dear to my heart, and revisiting her world for the continuation of the Sex and the City story has been such a joy.’
Carrie’s brownstone apartment was central to the series, and its décor has now been painstakingly recreated by Parker, Airbnb, and a small, New York-based production team. The character’s famous walk-in wardrobe, her writing desk, and her bedroom appear almost exactly as they did in the cult series.
While Airbnb had success in the third quarter, Uber had a setback and reported a net loss of $2.4 billion for the quarter. The dip came mostly because of a drop in the value of its investment holdings, particularly in Didi.
Didi, a Chinese largest ride-hailing platform, went public in July and since then it has faced scrutiny from Beijing on data security, privacy and worker protections. That crackdown caused Didi’s stock price to tumble and led to a $3.2 billion hit for Uber, which sold its Chinese business to Didi in 2016 in exchange for equity, according to the New York Times.
Uber, which saw a net loss of $1.09 billion in the same quarter a year ago, said its stakes in other platforms, Zomato, Aurora and Joby, helped offset some of that loss.
Digital firms profits and losses
Peloton: Shares dipped 24% after the company reported that profits dropped $376 million in the third quarter
Airbnb: Profits skyrocketed by 280% and were at $2.24 billion in the third quarter
Uber: Shares were up by 1% and the company lost $2.4 billion in the third quarter
Lyft: Shares rose by 12%, despite third quarter revenue dropping by $71.5 million
Square: The digital payment platform’s total gross profit for the third quarter came in at $1.13 billion
Pinterest: Company shares rose 6.3% after the company reported that profits climbed by $94 million in the third quarter
Roku: Shares dropped by 9% on Wednesday after the company reported less-than-expected profits of $364 million in the third quarter


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CNET brings you the best deals on tech, gadgets, appliances and lifestyle products every day. For great offers and exclusive deals on smartphones, tablets, cameras, appliances and more, find your discount here.
Its pitch to consumers pays off with a gain of 1.2 million customers to hold T-Mobile at bay. Still, Sprint's aggressive promotions have also brought mounting losses.
Spotify offers a free music tier that delivers a good portion of the service's paid subscription version. And that's exactly the problem.
The game maker ends a strong year thanks to its popular shooter franchise, while it also looks ahead to capitalize on the much-hyped Star Wars revival.
The power of the Internet makes a takeout joint in Kona, Hawaii, one of the highest-reviewed US restaurants on Yelp.
A more powerful version of the Chinese company's flagship phablet will be sold online, as well as in Mi Home stores in China, starting May 12.
You already know you're brilliant. Instantly promote yourself to Apple genius status with an official Genius Bar sign from eBay.
It may not be state-of-the-art by today's standards, but this unlocked Nexus 5 is still a premium smartphone -- now at an entry-level price.
Revenue in China helps boost the company to a record second quarter, but the iPad remains a weak spot for Apple.
Its low bar is a far cry from iPhone sales volumes. But hitting the mark would show steady improvement for LG, still angling for that sweet spot in the hearts and minds of consumers.
The iPhone's market share rose by 1.8 percentange points, while Android's slice slimmed down by 3.1 points, says a new report from Kantar Worldpanel ComTech.


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Refund checks hit consumers bank accounts today and here a few stocks that could trade higher over the next few weeks. Of course, there’s no guarantee that these stocks will trade higher but if consumers do decide to spend their rebates here’s where they may go:
Best Buy (BBY, $45.32, up $0.23)
Home Depot (HD, $29.78, unchanged)
Kohl’s (KSS, $50.09, down $0.56)
Kroger (KR, $26.40, unchanged)
Sears Holdings (SHLD, $100.46, up $0.71)
Wal-Mart (WMT, $57.72, up $0.07)
Wendy’s (WEN, $28.96, up $0.65)
Kroger and Sears are offering discounts and other incentives for people who turn rebates into gift cards. Home Depot is running advertising campaigns that suggest ways for you to spend your money and Kroger expects many people could “stock up” with food prices continuing to climb.
The rebates went out a week earlier then planned and there’s no doubt people are looking forward to the rebate to help with rising gas and food costs. Some may pay down credit cards but more than likely most people are planning to spend a good portion of their refund.


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What you need to know
- Apple is reducing its App Store commission rate for the 'vast majority' of developers.
- It will now take 15 percent instead of 30 from developers who earn up to $1 million a year.
In huge developer news, Apple has today announced it will reduce its App Store commission rate from 30% to 15% for small businesses who earn up to $1 million a year in revenue.
In a press release today the company stated:
The program will launch on January 1, 2021. Apple says the move will benefit "the vast majority of developers" who sell digital goods and services on the App Store. Apple said "comprehensive details" would come next month, but outlined the following:
- Existing developers who made up to $1 million in 2020 for all of their apps, as well as developers new to the App Store, can qualify for the program and the reduced commission.
- If a participating developer surpasses the $1 million threshold, the standard commission rate will apply for the remainder of the year.
- If a developer's business falls below the $1 million threshold in a future calendar year, they can requalify for the 15 percent commission the year after.
Apple says the standard 30% rate will remain in place for anyone earning more than $1 million in proceeds. Data from Sensor Tower reported by the New York Times suggests the measures would impact 98% of Apple's developers that pay a commission (84% of developers do not), but that those developers only account for less than 5% of Apple's App Store revenue. This is just an estimate however, and Apple has not officially provided any details.
In an accompanying feature Apple has highlighted the reaction of some developers to the new program. From that piece:
Speaking to iMore, indie iOS and Mac developer James Thomson said:
Master your iPhone in minutes
iMore offers spot-on advice and guidance from our team of experts, with decades of Apple device experience to lean on. Learn more with iMore!
Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9


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The pound rose across the board yesterday, after the minutes from the recent Bank of England meeting showed that all 9 members voted to keep the Quantitative Easing measures on hold, for the time being. Rates this morning are as follows:
- GBP/EUR 1.1073
- GBP/USD 1.6597
- GBP/AUD 1.7959
- GBP/NZD 2.1964
- GBP/CAD 1.7370
- GBP/CHF 1.6732
- GBP/JPY 151.68
- GBP/ZAR 11.172
- EUR/USD 1.4981
Bank of England Minutes
The pound has rallied after the Bank of England said its monetary policy committee voted 9-0 earlier this month not to pump more cash into the economy.The MPC was also unanimous in agreeing to keep interest rates on hold at 0.5%.
The decision not to inject more money was seen as a positive sign that the UK economy was recovering and did not need further help from the central bank. The committee said that QE had had a “substantial” impact, but all members agreed that “recent developments were not sufficiently compelling to justify revising the target level of asset purchases that had been agreed in August”.
The Bank raised the total amount of funds for QE by £50bn to £175bn in August, although Governor Mervyn King and two other policymakers had argued for a £75bn extension. The Bank publishes the minutes of its meetings on monetary policy two weeks after the event.
Gross Domestic Product
Figures out tomorrow could show that the UK has exited recession. The Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity and health.
This is the next main piece of UK data that will affect exchange rates. We expect the figures to show that Quarter on Quarter, the economy grew by 0.2%. The year on year figure is expected to show a decline of -4.6%. If the figures are better than this, then the pound may gain further. If figures are worse however, we could see the recent gains for the pound wiped out.
The main news from the UK will be the retail sales figures. This measures the total receipts of retail stores. Monthly percent changes reflect the rate of changes of such sales. Changes in Retail Sales are widely followed as an indicator of consumer spending. A high reading is seen as positive, or bullish for the GBP, while a low reading is seen as negative or bearish.
UK – Retail Sales
US – Jobless Claims
Can – Retail Sales
US – House Price Index
When you get in touch, ensure you mention you heard about foremost currency group through our Blog. Simply quote ‘Blog’


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Resident Evil: The Darkside Chronicles, Capcom France head Antoine Seux told Gamekult in a recent interview that sales of the game were "below what we had hoped." The English translation of the interview indicates that just 16,000 units were sold worldwide as of December 23, something that has Seux feeling "concerned" as Capcom continues to develop for Nintendo's consoles.
"Indeed, the Wii is becoming complex," he says. Seux believes that high-profile games like Mario & Sonic at the Olympic Games and New Super Mario Bros. Wii -- games that were "strongly supported" by "massive advertising campaigns" -- are the only ones that stand a chance. "For us, Capcom, the future is the PlayStation 3 and Xbox 360," he finishes up with, couching that in his belief that "This will be a difficult year for the handheld in general, DS or PSP." Perhaps he's been borrowing Pachter's sorcery ball?
[Via Nintendo Everything]


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Motorola posted an update on its DROID X support forum today that discourages users from flashing an unofficial Android 2.2 ROM leaked to the Internet. Motorola warned DROID X owners that it does not have an upgrade path in place for this leaked ROM. Unless you go to back to the stock ROM, you will not receive the official Android 2.2 upgrade when it hits the DROID X in Early September.
Though frustrating, this statement by Motorola is not surprising. The wireless manufacturer has been down on custom ROMS and issued the now infamous statement confirming that the eFuse technology included on the DROID X is meant to prevent the installation of unapproved and untested software. Of course, the Android community worked around that so called limitation, but I digress. More recently, Motorola took an aggressive stance against this leaked Android 2.2 ROM and sent a Cease and Desist letter to the source website that posted up this piece of DROID X goodness.
Unfortunately, this issue of upgrade paths and unofficial ROMS will continue to rear its ugly head. On the one hand, you have the handset manufacturers that want to release a stable build as soon as possible and do not want to accommodate non-standard software. One the other hand, you have owners that want to flash, mod, and upgrade their handset because they own the phone and should be able to do whatever they want with it.
As much as we wold like to see the handset manufacturers take a step back and open up a bit, it is not going to happen anytime soon. Competition is fierce in the growing Android market and Motorola will not give up control over their handset. If you want to join the flashing fiesta, that is great. Come join the party! Just be prepared to accept the risks and the limitations that are associated with this rebellious choice.


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Also in this playlist...
This transcript is automatically generated
Sunny with your Fox Business -- consumer prices remain unchanged in December as lower gasoline costs -- -- Even higher grants bring up prices rose only one point 7% -- -- which is down from the 3% rise in 2000 elevenths.
The US fiscal crisis is still the biggest single individual risk facing investors that is according to a new survey.
A fund managers published by Bank of America Merrill Lynch.
European debt crisis came in second a hard landing for the Chinese economy will start on that list.
And France has set its sights on the golden coast again the doughnut and coffee chain.
It's going to be opening up shops in Southern California in 2015.
We're turning to the state after more than a decade.
Duncan says it's looking for were hoping openings and venues like colleges and universities casinos military bases supermarkets even airports.
That's live in the Fox Business Network give his.
Filter by section


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Acquisition will create significant market share for the joint entity in over 200 countries
March 23, 2016 – Bigpoint GMBH, a global leader in free-to-play online and mobile gaming publishing announced that an agreement has been reached for the acquisition of Bigpoint GMBH by Youzu Interactive Co, Ltd. Subject to Chinese acquisition processes, the transaction is due to be completed in April 2016, with Youzu purchasing all available Bigpoint stock.
Together, Bigpoint and Youzu will create global destination for online and mobile gaming, with significant market share in over 200 countries worldwide.
Youzu’s acquisition will usher in a new era for BigPoint, beginning with the upcoming launch of Hocus Puzzle, with a marketing budget in excess of €30m globally.
Founded in 2002 and headquartered in Hamburg with the goal of creating great games that everyone can play, Bigpoint GMBH has seven offices around the world, including Hamburg, Berlin, Lyon, Istanbul, Seoul, San Francisco and Malta. Played by tens of millions of fans across the globe, its key franchises include Farmerama, DarkOrbit, Seafight, Drakensang Online and Battlestar Gallactica Online. Creating and investing in both original and licensed IP, Bigpoint is a leading online and mobile games publisher.
Youzu interactive Co, Ltd was founded in by Lin Qi in 2009, and is a leading publisher of online, mobile and massively multiplayer online videogames in China and the USA. Its market leading brands: League of Angels, Knight’s Fable and Magerealm are published in multiple languages, with hundreds of millions of fans globally.
Khaled Helioui, CEO Bigpoint said: “With this collaboration, Bigpoint begins the next chapter in its history focused exclusively on the quality of titles published. With the support of Youzu, we will be able to further invest in our talent, the amazing experiences they create and the reach of our games.” He continued, “Lin Qi’s passion and vision for the industry resonated with our hunger to provide better experiences to our players. Partnering with a player centric, product focused organisation such as Youzu will allow us to have the means of our ambition: Great gaming for everybody.”


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A PayPal error credited a man in Delaware a whopping $92 Quadrillion.
Looks like PayPal need to test their layout to see if the number $92,233,720,368,547,800 is a problem or not. According to Philly.com Chris Reynolds located in Delaware has gotten a "little" surprise when he checked his PayPal balance received via email. He got greeted by a balance of $92 Quadrillion. The online account statement did though end the dream of owning this unbelievably large amount as it stated zero.
PayPal did not officially react to the error. In the end this story is something to fill a summer slump in news.


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Didi Chuxing has unveiled its U.S. IPO filing. Yahoo Finance’s Akiko Fujita and Jared Blikre discuss.
(Bloomberg) -- New York’s yellow cabs are making a comeback.A driver shortage at Uber Technologies Inc. and Lyft Inc. has left city riders frustrated with high fares and long wait times, leading many to step off the curb and raise a hand.“Business has been great. I’ve never seen it like this before,” said Tainur Rahman, a taxi driver from the Bronx. Rahman, who has been driving for about a decade, said he’s optimistic about a sustained rebound in the summer months to help make up for profits los
(Reuters) -Uber and other gig economy companies are trying a new approach to ending their battles with unions, and getting ahead of possible federal regulation that could upend their business based on classifying workers as independent contractors. In New York, for example, gig economy companies are working with several unions including the Machinists and Transport Workers Union to strike a compromise that would allow drivers and food delivery workers to organize in a union and negotiate minimum pay and other benefits without being reclassified as employees. With the support of the unions, the gig economy companies are pushing state lawmakers in Albany to pass a bill that would allow workers to negotiate wages and caps on company commission fees, and provide unemployment insurance in some circumstances.


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By The Pollack Group
And…we’re back! It’s hard to believe we’re scant weeks away from the start of a new year. Here at PPMG, everything is coming up roses and we’re thrilled to finally share a special project with the world. But let’s talk about 2016 for a minute. It’s safe to say that this year was a bit… different than years past.
Oh sure, some things remain wonderfully consistent in the PR world. We’ve learned of course that nearly every social media platform is just a couple of missteps away from becoming the next MySpace, and that companies need to evolve with their audience; that authentic, creative marketing doesn’t mean you have to treat people like idiots; that many of us would still put money on Apple in a fight against just about anyone; and that the role of the modern-day CEO requires an unprecedented level of transparency, integrity and empathy in communicating with stakeholders.
But in 2016, seemingly every new technology introduction seemed to be on the verge of transforming the world. Every buzzworthy creative campaign touched on the seismic shifts taking place in our culture. The world is more connected than ever, and yet we are collectively more in danger of data leaks and more fiercely protective about our privacy than ever. Never before have all of these forces collided so forcefully while leading up a presidential election.
As is our tradition at PPMG, we come up with our own annual list of defining moments for our industry. This is an unusually difficult task specifically because it forces us to exclude all of the sensational flash-in-the-pan news items that flood our news feeds. We consider events and news items based on their implications, such as the lessons learned, or a lasting impact on our industry. As such, we didn’t include headline grabbers like Ryan Lochte and Kim Kardashian. In PR speak: yes, they generated a lot of media impressions but it didn’t go any deeper than that.
And so, without further ado, we present The Pollack PR Marketing Group’s Defining PR Moments of 2016.
- Privacy Battle – Apple vs. the FBI set a precedent that customer loyalty and privacy shouldn’t be overlooked
- Cover Boy – Brands are changing the way they are messaging products, making way for gender-neutral marketing
- Catch ‘Em All – The Pokemon GO app showed PR practitioners that augmented reality can be a tool
- Social Spectacle – Social media platforms need to update content and features to keep from being antiquated
- Paid Influence – Social media celebrities cashed in, but marketers began to question the influencer marketing bubble
- Machines Rising – From automated shopping to customer support chatbots, brands invested in AI to reach customers
- Got Hacked – Digitization has yielded increased data breaches from sources like Wikileaks and The Panama Papers
- Sinking Ship – The respective CEOs of Theranos, Mylan, Fox News, Samsung, Wells Fargo and Volkswagen eagerly await 2017
- Blurred Lines – Traditional and new media platforms continue to merge, and challenge brands to break through the marketing landscape
- Under Pressure – Post–presidential election, Facebook and Google are under fire for facilitating the sharing of fake news
For more agency insights, visit our WellRed archives


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Protect your PC and data from hackers and thieves.
D-Link's Network Cam functions as a cheap option for checking in on your home, but without consistent or useful alerts, it's a poor choice for smart-home security.
San Francisco is both the home of the tech industry and the epicenter of the gay rights movement. Now the city is throwing its biggest party of the year, just after the Supreme Court legalized same-sex marriage.
The Actiontec gets the job done for those who want to quickly extend their home network without much concern about performance.
CNET's Marguerite Reardon explains to an AT&T unlimited-data customer what the FCC's historic fine against the company for misleading customers really means.
Linksys ships high-gain antennas designed to quickly extend the Wi-Fi coverage of any router with an RP-SMA detachable antenna.
CNET explains what FLAC is, as well as where to buy music in the FLAC format, and how to play it on your iPhone, computer, or MP3 player.
The latest update for iTunes brings it in line with iOS 8.4, adding Apple Music and Beats radio to Apple's media app.
Talk about a travel buddy: the Filehub offers just about everything the road warrior needs, all in a compact package.
The LaCie 5big Network 2 is appealing mostly to home users, especially sci-fi movie fans or fashion designers. Advanced and savvy users might be turned off by its lack of features and comparatively low performance.
With stellar performance and support for the new HomePlug AV2 standard, the PLEK500 is an easy recommendation.


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Mountain View, Calif.-— Spracht said it would add another product in its small business speakerphone product line.
LAS VEGAS — Best Buy topped BIGresearch’s CE retail ratings for December.
The Columbus, Ohio-based
Struer, Denmark — Bang & Olufsen announced a second
Samsung will use CES to introduce an expanded assortment of LED-based LCD TVs, ultra-slim plasma TVs and an expanded range
Las Vegas — Retailers expect industry consolidation as manufacturers and dealers come to terms with tough
The Home Theater Specialists of America (HTSA) elected Mike McMaster, president of Thousand Oaks, Calif.-based Wilshire
Pioneer is emphasizing BD-Live functionality at International CES as it introduces three Blu-ray players and an up-
Las Vegas – Dolby and
Overland Park, Kan. — Sprint Nextel will cut about 14 percent
Chatsworth, Calif. – Sanyo is now shipping a 3LCD projector
BrandSource’s Summit show at the Marriott World Center in Orlando, Fla., illustrated the va
By Lisa Johnston
New products on display at the American International Toy Fair, held in N
If you are having trouble accessing TWICE content or wish to subscribe to TWICE Online please email firstname.lastname@example.org or call 866-71-PRESS (866-717-7377).


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Textual content dimension
The three U.S.-listed Chinese language electrical automobile makers began 2022 off with a bang, all reporting large supply figures for December.
(LI) on Saturday morning every reported deliveries. Mixed, the three shipped greater than 40,000 models. That’s a month-to-month document and is one signal that
(TSLA) ought to submit its personal large quantity when it experiences fourth supply figures in coming days.
About 25% of all Tesla deliveries are generated in China. Buyers anticipate Tesla to report north of 280,000 deliveries worldwide for the fourth quarter.
Among the many Chinese language three, XPeng took the December, and 2021, crown reporting 16,000 deliveries, a brand new month-to-month document. For all of 2021, XPeng delivered 98,155 autos, up 263% in contrast with 2020.
Li delivered 14,087 units in December. That’s a month-to-month document for Li too. For all of 2021, Li delivered 90,491 autos, up 177% in contrast with 2020.
NIO didn’t set a brand new month-to-month document, simply lacking it by a number of hundred models. The corporate shipped 10,489 vehicles in December. NIO’s month-to-month supply document got here in November, when it shipped 10,878 models. For the complete yr, NIO delivered 91,429 autos in 2021, up 109% in contrast with 2020.
Although XPeng delivered extra vehicles in 2021, NIO has nonetheless delivered the many of the three over the corporate’s life. NIO has delivered greater than 167,000 autos life thus far. XPeng and Li have delivered about 125,000 and 123,000 automobile, respectively.
December automobile deliveries for all EV producers might need been boosted by a subsidy lower coming for Chinese language automobile patrons in 2022. Patrons rushed to get a barely higher deal. The Chinese language buy subsidy for an EV is about 10,000 Yuan, ($1,500), from 14,400 Yuan ($2,200). The $700 distinction quantities to a couple of 2% worth bump for typical EVs.
Falling subsidies are one issue traders should contemplate relating to Tesla and Chinese language EV makers in 2022. However larger December deliveries imply that earnings estimates for NIO, XPeng, Li, and certain Tesla, will rise in coming weeks. Extra vehicles than anticipated means extra gross sales and higher backside line outcomes.
Sturdy supply outcomes may additionally assist shares early in 2022. Shares of Tesla, XPeng and Li had a great to nice 2021, gaining 50%, 18% and 11%, respectively. NIO shares struggled, dropping 35% in 2021. The
Dow Jones Industrial Common
gained 27% and 19%, respectively.
Beginning valuation is one motive for NIO inventory’s struggles. Even after underperforming, NIO’s market capitalization is about $54 billion, greater than the $43 billion market cap of XPeng and the $33 billion market cap of Li.
Tesla, after all, ended 2021 with a market capitalization north of $1 trillion. It’s anticipated to ship about 900,000 autos for 2021.
Write to Al Root at email@example.com