Netflix stock reaches close to an all time high
The world’s biggest video streaming service experienced some of its fastest growth ever recorded in the first quarter of this year. The streaming service’s revenue rose 43% to US$3.6 billion and added 7.4 million new subscribers to the delight of investors. This combined with other positive financial data saw Netflix stock rise by 8%.
USB suggests Apple’s dominance in China has ended
USB analyst Steven Milunovich reported on Apple hitting a growth ceiling this year, in spite of peak numbers in 2015. Milunovich attributes this to two reasons. Firstly local competition has become more fierce. Secondly the lower end of the market has become harder for apple to crack. Additionally due to saturation the market has begun to slow, further impacting Apple.
Former Facebook & Google employees are using AI to transform HR
By combining Big Data and AI, Eightfold.ai are attempting to help individuals to reach their full potential. Founded by Ashutosh Garg, Eightfold.ai could be the future of finding meaningful work. This “holistic platform” has received US$ 24 million funding by notable investors such as Lightspeed Ventures and Foundation Capital.
Uber Eats becomes the fastest growing US food delivery service
Six months ago, Uber Eats saw popularity limited to three cities in Texas. Now in 2018 the delivery service is the fastest growing out of all its competitors, including GrubHub and Postmates. While it should be noted that GrubHub still dominates the industry, in the US their market share has fallen by 10% since last August.
Lyft looks to tackle carbon emissions
As scruitnity rises for both Uber and Lyft as a result of clogging city streets and increasing traffic, Lyft is taking steps to improve its carbon footprint. By investing in projects to reduce greenhouse gases and overall carbon emissions, Lyft is trying to reduce the effect that its 1.4 million cars have on the world in 2018.