Skip to main content

Airbnb Profitable For Two Years Straight As It Heads For Public Markets

Airbnb today announced a number of milestones which include being profitable for a second year on an EBITDA (earnings before interest, taxes, depreciation and amortization) basis in 2018. This counts as a plus as the company heads for an IPO reported to be taking place this year.

It also says it's on track to hit 500 million guest arrivals on its platform by the end of Q1 this year. While specific figures are not provided, the company exceeded its 2017 projections with $93 million in profit on $2.6 billion in revenue, Bloomberg says with CEO Brian Chesky promising a public offering before 2020 when some employee stock grants expire.

This month, longtime Amazon executive Dave Stephenson joined the company as chief financial officer, a key role in preparation for an IPO after its previous CFO Laurence Tosi left last year amid a disagreement with Chesky.

“He (Dave Stephenson) will use his experience in growing large businesses quickly at scale to ensure we are investing for both gro…

Razer's new high-performance gaming grade wifi router caters for use even in the busiest areas

Razer

The new Razer Sila, a high-performance WiFi router outed by the renowned gaming hardware company is designed for home users entailing WiFi service optimized optimized for both high performance gaming, streaming and download of multimedia content.

With currently increasing rates of mobile gaming, Fast and reliable WiFi stands as necessary with a need for homes running wired networks to every room for effective use. The Sila is designed for just that with craft to deliver lag-free gaming and interruption-free streaming over fast wireless networks to meet the needs of today’s mobile, console and laptop users.

Razer




The new router is fitted with a suite of technologies which include Razer FasTrack, Multi-Channel ZeroWait DFS and Mesh capability with a dedicated backhaul aimed at making it the best at its task of delivering reliable WiFi connection within home or office connections.

The FasTrack software is a proprietary QoS engine which caters for smart traffic management through the use of deep packet inspection and adaptive learning technology which allows users prioritize traffic based on application and device types ranging from mobile phones to PCs and consoles to smart TVs.

Razer

Users can can easily adjust their networks for seamless gaming and streaming experiences with built-in detection for PlayStation, Xbox and Switch consoles on the Sila router which also features a one-touch gaming mode which enables for automatic reservation of bandwidth for online gaming.

Its patented Multi-Channel Zero-Wait DFS technology enables for clean WiFi channels to circumvent network traffic and preserve the highest speeds for requiring apps without vulnerability to hanging, disconnection and downtime.

Razer

Also packed in the router is a capability of advanced mesh networking with 2 or more Razer Sila units able to be combined for output of smooth and speedy WiFi coverage across areas up to 6,000 square feet with 2 units or multi-storey locations over 6,000 square feet with 3 units. It's fitted with dedicated 5 GHz backhaul and independent fronthaul links which operates on up to 4 simultaneous DFS channels which lessens interference and network congestion.

“We are constantly achieving new performance heights with our hardware and software,” Min-Liang Tan, Razer co-founder and CEO said in a statement concerning the new product. “But high precision and low latency can be rendered useless if the WiFi drops. So we took the next step to develop a strong foundation for our ecosystem; with WiFi that just works no matter where you are.”

Razer

The Razer Sila router is developed in collaboration with Ignition Design Labs, a notable tech and engineering firm founded by alumni of networking giants Qualcomm and Broadcom very much famous for launching the award-winning Portal Smart WiFi router in 2016.




Comments

Most Read Posts

Lenovo Unveils An $80 Smart Clock With The Google Assistant

Lenovo has unveiled a latest addition to its family of smart home devices, a new Smart Clock kit with the Google Assistant which supports voice and touch controls on a 4-inch IPS display screen. With the Google Assistant, users can set up sleep routines like dimming the lights and displaying their first calendar event with single commands.

It includes a full-range 6W speaker tuned with Dolby's latest background noise reduction technology and also works with Chromecast for streaming of shows and music on TVs and speakers with voice commands. The $80 device connects with over 10,000 products and 1,000 partners and brands, leaving a wide range of choices for users to control other devices from their smart clock.


Its specs include:
A Mediatek 8167S 1.5ghz processorBluetooth 5.01GB RAM8GB Flash (eMMC)WLAN : 2.4G/5G Dual Band, IEEE 802.11 a/b/g/n/ac328g weight
Inside the box, Buyers of the smart clock will get an adapter, a quick start guide and a  USB 2.0 Type-A cable for use. It'l…

Misty II Personal Robot Scheduled To Ship In April For $2,399

Misty II, a personal robot which non-technical owners can program using the Misty Blockly client, a visual block-based programming interface for creation of new skills for the robot to make it talk, roar, move, dance and more will be available for purchase April this year for $2,399, a four months delay from its initial proposed December 4 released date.

From April, customers can get their hands on the robot which would come installed with pre-set skills to get them started on use. Those with programming experience will be able to utilize JavaScript APIs to create more skills and mods such as integration with Amazon Alexa, Google Assistant, Microsoft Cognitive Services and Cloud APIs.



Skills the Misty II can perform out of the box include:
Recognize facesCreate a 3D map of her surroundingsAutonomous movementReceive and respond to commandsLocate its charger to charge itselfDisplay emotive eyes and other emotional characteristics Perform seeing, hearing, and speaking capabilities

It has…

Ford Slashes Thousands Of Jobs In Europe To Improve Profitability

Automaker Ford has announced it's slashing thousands of jobs in its European operations as part of structural cost improvements to improve near-term financial performance. The company made this known in a statement issued to investors.

“Ford aims to achieve the labor cost reductions, as far as possible, through voluntary employee separations in Europe and will be working closely with social partners and other stakeholders to achieve this objective.” The company said in its statement.





These job cuts will affect both salaried and hourly workers across its operations in Europe. Ford is ending production at its plant in Bordeaux, France that manufactures small automatic transmissions by this year August and has began discussions to end production of the C-MAX and Grand C-MAX vehicles at its German facility.

It's also considering "significant restructuring options" for its Russian joint venture, Ford Sollers and plans to merge its UK headquarters and Ford Credit Europe’s…

Amazon Set To Take Stake In Warehouse Robotics Firm Balyo

Amazon has agreed to a deal with publicly traded French warehouse robotics firm Balyo that could see the e-commerce giant build up a nearly one-third stake in the company and also boost sales of its self-driving forklift trucks. Under deal terms, Amazon will receive free stock warrants of up to 29% of Balyo's capital that it can exercise depending on its orders of products enabled by the company's software.

The full 29% would be exercised if Amazon purchases up to 300 million euros ($346 million) worth of these products. Use of warehouse robots is a key factor in efforts by Amazon to decrease costs and speed up deliveries. It began using robots developed by Kiva Systems (a company it acquired in 2012 for $775 million) in 2014, Kiva which initially shipped to other warehouse operators put an end to this after the acquisition, dedicating its technology to Amazon alone.


“This agreement ... represents an unprecedented opportunity for Balyo to grow its business and supports the so…

Nissan Unveils New EV, The Leaf Plus

Nissan has unveiled a new electric vehicle, an addition to its Leaf lineup dubbed the Leaf Plus (or e+) which will become available for purchase at dealerships late this month. The Leaf Plus comes with improved range by 40% than its predecessor and is equipped with technologies including Nissan's ProPilot semi-autonomous driving system and e-Pedal mode for one-pedal driving.

Other notable features of the new vehicle includes:

Door-to-Door Navigation (syncs the vehicle's navigation system with a compatible smartphone for walking and driving directions).A larger full-color 8-inch display.A reprogrammed the e-Pedal software.458 km driving range.70 kW (100 kW peak) Quick Charging system.High-capacity battery (160 kilowatts of power and 340 Nm of torque) (288 cells).25% increase in energy density than that of predecessor (Nissan Leaf).16-inch wheels andBattery limited warranty of 8 years/160,000 km.


Pricing of the Nissan Leaf Plus in Japan starts at ¥4,162,320 ($38,240), Pricing in…

FedEx Agrees To $35 Million Settlement With N.Y. Over Cigarette Deliveries

FedEx has agreed to pay a $35 million settlement to the state of New York over illegal cigarette deliveries to its residents over a ten-year period, resolving three lawsuits alleging it partnered with cigarette trafficking businesses to illegally ship hundreds of thousands of untaxed cigarettes to New York residents.

The company will also implement internal reforms and hire an independent consultant that will oversee its compliance with the law and provide reports to the city and state. October last year, NY federal district judge Edgardo Ramos ruled that FedEx's conduct over many years for customers with such names as “Cigarettes Direct To You” violated a federal anti-cigarette trafficking statute, prompting FedEx to cease residential cigarette deliveries.


The reforms FedEx has agreed to as part of this agreement include ceasing domestic shipments of tobacco products, implementing company-wide communication and annual training concerning tobacco shipments and taking disciplinary…

Apple Reportedly Cuts Production Plans For New iPhones By 10%

According to a report from the Nikkei Asian Review, Apple is cutting current production plans for new iPhones by 10% signalling expectation of a further hit in iPhone sales for the year after it recently lowered revenue guidance for its fiscal 2019 first quarter ending 29th of December 2018 due to lower iPhone sales.

Nikkei says Apple asked suppliers late last month to produce fewer of new iPhones for the January-March quarter of this year. This will be the second time in two months that the company has slashed production rate of the iPhone if this stands true.


Overall planned production volume will be reduced to 40 million to 43 million units for the January-March quarter from an earlier number of 43 million - 47 million units scheduled for production, Nikkei says.

Apple this previous week lowered revenue guidance for its fiscal 2019 first quarter to $84 billion for the period citing emerging market challenges and lower than anticipated iPhone revenue, primarily in Greater China. Th…

N26 Raises $300 Million Series D At $2.7 Billion Valuation

Berlin based fintech N26 has raised $300 million Series D funding led by New York based VC Insight Venture Partners with participation from Singapore's sovereign wealth fund, GIC and several existing investors. This rounds brings the total raised by the 5 year old company to more than $500 million and values it at $2.7 billion.

The $300 million round represents the largest private equity round for an European fintech company in recent years, shooting N26 operating in 24 markets across Europe with over 2.3 million customers into the unicorn club.



The company which says it has tripled its customer base in the last 12 months will make use of this investment to drive global expansion, starting with a launch of its mobile banking product in the U.S. in the first half of this year. It says it aims to reach over 100 million customers in the coming years.

“Around the world, millions of people still suffer from bad banking experiences and high fees. With Insight Venture Partners and GIC j…

Amazon Starts Shipping Echo Auto After More Than 1 Million Pre-orders

Amazon has began shipping the Echo Auto, part of the host of Alexa enabled devices announced last year September by the company which included a microwave, clock, security camera, smart plug, the Echo Sub, Echo Input and re-designed versions of already existing devices.

The company tells TechCrunch over 1 million pre-orders were placed by consumers signalling high interest in the device which connects Alexa to users' smartphone and then plays through car speakers, enabling tasks like playing music, opening the garage door, finding the nearest gas station and checking the news while on the go possible.


For now, the Echo Auto is only available on an invite-only basis with a few users having taken delivery in time for Christmas according to VP, Alexa Voice Service and Alexa Skills Steve Rabuchin. Why the device has stayed in pre-order status for so long is not clear but Bloomberg last month reported issues encountered by several Amazon retail stores in North America and Europe in ke…

Lenovo Unveils Three New PCs, Yoga A940,Yoga S940 and Yoga C730

At the Consumer Electronics Show, Leno has brought three new PCs it dubs as its smartest consumer computers yet, the Yoga A940,Yoga S940 and Yoga C730 which spots features like voice recognition for multiple virtual assistants, AI-powered attention-sensing software, facial recognition for security and powerful processors between them.

A new Lenovo Yoga Mouse with Laser Presenter (separate purchase) which goes for $70 and will be released this year June is also compatible with all three PCs. Key features of the three are listed below:


Yoga A940:
8th Generation Intel Core i7 ProcessorWindows 10 Home OSAMD Radeon RX 560 graphicsDDR4 : 32 GB / 16 GB / 8 GB memoryStorage : PCIe SSD : 512 GB / 256 GB / 128 GB, SATA HDD : 2 TB / 1 TBDolby Atmos Speaker SystemCortana with Far-Field MicrophonesInfrared cameraLenovo Smart Assist14.6 kg weight2 x 2 WiFi 802.11 ac WLAN connectivity


Yoga S940:
Up to 8th Generation Intel Core i7 processorWindows 10 Home OSIntel Integrated graphicsLPDDR3 : 16 GB / 8 …