Mobile Apps
Robinhood Inc. – a 2013-founded commission-free investment and trading app – has filed paperwork with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) and plans to go public later this year.
"Robinhood Markets, Inc. has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions," the company's statement read.
Apple has released its annual list of the best apps and games of 2020 on Wednesday, "recognizing 15 apps and games that proved to be essential for making life easier, healthier, and more connected this year."
Home exercise app 'Wakeout!' won iPhone App of the Year, while Zoom won iPad App of the Year and 'Disney+' was named Apple TV App of the Year. Genshin Impact,” “Legends of Runeterra,” “Disco Elysium,” “Dandara Trials of Fear,” and Apple Arcade’s “Sneaky Sasquatch” were crowned as best games of the year.
“This year, more than ever before, some of our most creative and connected moments happened in apps. This was thanks to the amazing work of developers who introduced fresh, helpful app experiences throughout the year,” so Apple Fellow Phil Schiller.
Shortform streaming mobile platform Quibi has announced it will shut down on December 1, just six months after going live.
"We feel that we’ve exhausted all our options. As a result we have reluctantly come to the difficult decision to wind down the business, return cash to our shareholders, and say goodbye to our colleagues with grace," the company wrote in a statement, stating that "the idea itself wasn’t strong enough to justify a standalone streaming service or because of our timing."
Quibi will attempt to sell its content and technology in the upcoming months.
Tencent reported on Wednesday results. for the three months through to the end of June. that beat analyst expectations in one of the fastest revenue-growing quarters in two years.
The company is one of the targets of the executive order signed by President Donald Trump, prohibiting any transaction related to WeChat, the popular messaging app owned by Tencent.
Revenue from online games, which accounts for one-third of total sales, increased 40% in the second quarter, primarily driven by mobile games including Honor of Kings and Peacekeeper Elite.
During an Air Force One flight from Florida to Washington, President Donald Trump has stated that "as far as TikTok is concerned we’re banning them from the United States". He added that he has the authority to issue such ban through an executive order, but has yet to follow through on his statement.
According to the Japanese national broadcaster NHK, Japan is seeking to ban TikTok for the app's alleged sharing of domestic user data with the Chinese Government. A group of lawmakers has proposed the ban of several in China developed apps which will most likely be submitted to the government by September. Early this year, India banned several Chinese apps, including TikTok, WeChat and others.
Facebook has enabled its screen-sharing feature for the latest version of Facebook Messenger on iOS and Android mobile devices.
The new feature supports up to eight people in group chats or up to 16 people in Messenger Rooms. Facebook says it’s working on expanding the feature for up to 50 people in Rooms.