Category: <span>Tech News</span>

A new annual year-end report by America’s Recording Industry Association shows overall recorded music revenue increased by roughly 9.2 percent in 2020 — $12.2 billion USD. Much of this was due to the growth of music streaming ($10.1 billion USD), fueled by the COVID-19 pandemic.==This revenue growth is a relatively significant increase compared to 2019’s reported $8.9...

Twitter is hoping to double its revenue stream by 2023 as it introduces its new paid subscription feature/service, Super Follow. It remains to be seen if the social media platform can able to achieve its ambitious goal of doubling its income. Media insiders says is the first time for social media platform powerhouse set long...

Takealot group is making changing at the executive level. This comes after the founder and current CEO Kim Reid is transitioning to Group Chairman of the organisation. According to ITweb, the company says the search for a new group CEO is underway and when the right person is found to succeed Reid, this will be...

Netflix said Thursday that it will spend $500 million this year on films and series produced in South Korea to broaden its growing slate of content from the country. Korean filmmakers and stars gathered in Seoul where the U.S. streaming giant announced its investment plans and also previewed images from its upcoming slate of local-language series....

According to TechCrunch, Facebook said it will begin restoring news sharing to Australian users’ feeds in “the coming days” after reaching an agreement with the country’s government. The social media giant made the drastic move of restricting news content in Australia last Wednesday after a dispute over a proposed media bargaining code that is expected to be...

While the latest Gartner smartphone sales report shows that worldwide smartphone sales declined 5% in the fourth quarter of 2020, Apple secured the top spot for the first time since 2016, report Zdnet.com “It’s easy to find a great phone today. In fact, current flagship devices are so good you really don’t need to be replacing them...

A group of Uber drivers are entitled to worker rights such as the minimum wage, Britain’s Supreme Court decided on Friday in a blow to the ride-hailing service that could have ramifications for millions of others in the gig economy. In a case led by two drivers, a London employment tribunal ruled in 2016 that...

TheVerge reports, Automaker Ford says it will transition to EV-production gradually over the next decade. By 2024, the company’s entire commercial vehicle lineup will be “zero-emissions capable, all-electric or plug-in hybrid.” By mid-2026, Ford says “100 percent” of its passenger vehicle lineup will be the same. And by 2030, Ford expects two-thirds of its commercial...

The controversial social media platform Parler announced its return to the internet on Monday, more than a month after it was forced offline for allowing inflammatory posts about the Capitol Hill insurrection. Parler said in a statement the new site is built on “sustainable, independent technology and not reliant on so-called ‘Big Tech’ for its operations.” The company...

Spotify is the latest tech company to shift to a flexible work model following the Covid-19 pandemic. The streaming company announced Friday it’s adapting a “Work from Anywhere” model, which will allow employees to choose whether they want to be in the office full time, be at home full time or a combination of the two. The company...