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2025

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MultiChoice (DStv, GOtv) Hikes Prices, Ignoring The Drumbeats in Nigeria

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Yes, you would not have expected MultiChoice (DStv, GOtv) to be considering increasing the prices of its products and services with the regulatory drumbeats in Nigeria. But if you look deep enough, MultiChoice may not have an option. Its products depend on foreign raw materials and when your Naira falls, it has to ask you to send more to cover the fall. Provided MultiChoice has not changed its structure into a charity, the social and regulatory activism will not change that redesign. All foreign and imported products have since increased prices  – why not, DStv? (See the MultiChoice letter and the new prices below)

This is the deal: the agitation and social media activism will not change market dynamics. MultiChoice is not sourcing products in Nigeria and reselling. If that remains so, prices will keep rising. If you think otherwise, check the prices of toothpicks and near-airport-pizzas, they have risen because most are also imported! Take it Nigeria, devaluation has happened twice in the last four months; MultiChoice has increased prices twice in the last four months. It sounds similar

Giving reasons for its upward review of pricing, the company cited factors such inflation, operations, the mandatory increase in Value Added Tax, VAT and devaluation of Naira by the government (see attachment).

DAILY POST observed that from Tuesday, September 1, 2020, MultiChoice will effect its new price regime which is as follows: DSTV Premium will move from N16, 200 to N18, 400, Compact Plus from N10, 925 to N12, 400, Compact from 6,975 to 7,900 and for users of GOtv Max, they will have to pay the sum N3,600 from 3,280.

Good People, the only way is to attend that football bidding war in Europe and win. Then, you can come to Lagos and distribute it at Umuahia rate. Until then, everyone is at Johannesburg rate.

 

 

Jeff, Son of Bezos, in the Year of Ecommerce

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Men – who build nations, Forbes reports.

The world’s richest person, Jeff Bezos, is wealthier than he’s ever been. Early Wednesday he crossed a milestone previously unseen in the nearly four decades Forbes has been tracking net worths: With Amazon stock edging up 2% as of Wednesday afternoon, Bezos’ net worth is up by $4.9 billion, making the 56-year-old the world’s first-ever person to amass a $200 billion fortune.

Fueled by the change in consumer habits as a result of the coronavirus pandemic, Amazon stock is up nearly 80% since the beginning of the year, and Bezos’ net worth, which was roughly $115 billion on January 1, has skyrocketed in tandem. Bezos’ roughly 11% stake in Amazon makes up more than 90% of his fortune. He also owns the Washington Post, aerospace company Blue Origin and other private investments.

Then, Bloomberg reports  that the top 500 richest people have gained $809 billion in 2020. That is a solid 14% increase in a season when millions are unemployed with paralyses everywhere. “We cannot continue to allow billionaires like Jeff Bezos and Elon Musk to become obscenely rich while millions of Americans face eviction, hunger and economic desperation,” Sen. Bernie Sanders said Wednesday in a statement reported by Bloomberg.

The vices of technology – massive dislocation through the efficiency in the utilization of factors of production. With labour now plug and play (hello remote work, unbounded by geography), all power to the gods of money!

Kevin Mayer’ Abrupt Resignation Suggests TikTok Has Possibly Reached Acquisition Deal

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TikTok’s CEO Kevin Mayer has called it quits following the intense pressure on the video app from Washington. The US president Donald Trump has in recent weeks, taken steps to force TikTok to sever every tie with Beijing, including disassociating itself from its Chinese-based owner, ByteDance.

Mayer said he made his decision after reflecting on what the recent development will mean for his role as a global leader of TikTok.

“In recent weeks, as the political environment has sharply changed, I have done significant reflection on what the corporate structural changes will require, and what it means for the global role I signed up for.

“Against this backdrop, and as we expect to reach a resolution very soon, it is with a heavy heart that I wanted to let you all know that I have decided to leave the company,” he said in a note shared with employees.

Mayer was hired in May to lead the global operations of ByteDance, TikTok’s parent company. It was part of TikTok’s plan to curtail the pressure from the White House. Hiring Mayer was supposed to quell the belief that the short video app is beholden to China, as he is an American based in the United States.

But shortly after he joined ByteDance, Washington officials zeroed in on TikTok. The app’s biggest threat came earlier this month when Trump signed executive order to block the company’s operations in the US if ByteDance doesn’t sell to an American company in 45 days.

In its push to stay alive in the US, TikTok has welcomed offers from Microsoft, Oracle and Twitter, in a deal put around $30 billion to $50 billion. The company has also filed a suit challenging the Trump’s administration, alleging it didn’t follow due process in its executive order.

ByteDance had contemplated moving its headquarters from China to ease US’ nervousness over the possibility of Beijing harvesting private data of American users of TikTok. Though the app has no data center in China, the American government is wary that having data centers outside the US while ByteDance remains TikTok’s parent company, makes its national security vulnerable.

The recent turn of events has affected a lot of things for TikTok, including Mayer’s decision to resign. Zhang Yiming, the founder and chief executive of ByteDance, said in a note on Wednesday to employees that Mayer joined the company in arguably its most challenging time. He said he understood how Mayer’s global role could be affected given that he was based in the United States.

India was the first country to ban TikTok among other Chinese apps, following a border conflict with China in June. Zhang said ByteDance is working to resolve the crisis surrounding the video app, in and outside the US.

“I cannot get into details at this point, but I can assure you that we are developing solutions that will be in the interest of users, creators, partners and employees,” he said.

Mayer’s resignation apparently alters TikTok’s global operation plans, but the company said it understands his decision to call it quits, given the present circumstances.

“We appreciate that the political dynamics of the last few months have significantly changed what the scope of Kevin’s role would be going forward, and fully respect his decision,” the company said in a statement.

Vanessa Pappas, the head of TikTok’s North American operations, will take Mayer’s place as the interim global head of the company.

However, Mayer’s short-lived role in TikTok signals another development. The app’s defense line against the allegation that it is beholden to China has included the hiring of Mayer for a global lead role; his abrupt resignation suggests that ByteDance may have reached a deal for the sale of TikTok.

Sources said that TikTok is getting close to announcing a deal in the coming days. People familiar with the matter said Mayer planned to announce his resignation along with the sale agreement next week. But the information got leaked to Financial Times who reported his resignation first, forcing him to fast-forward the timing in order to address the news.

TiKTok has grown significantly around the world, recording more than 1.9 billion downloads and having millions of users in the United States. Mayer believes that its current ordeal will not affect its growth.

“Like all companies in our space, we face challenges, but I have tremendous confidence that we have a world-class security team in place working to make people on our platform safe, and an amazing global team that makes this such a unique, creative and inclusive platform,” he said.

Facebook Leads Employee Efficiency on Profit Per Employee

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Facebook leads employee efficiency:

Financial tech firm Tipalti crunched numbers from the Fortune 500 list to figure out how much profit tech companies are making per employee. The results put Facebook, Apple, Alphabet and Microsoft at the top. Facebook’s profit per employee is $411,308 and Apple’s $403,328. Uber, meanwhile, is losing a whopping $316,208 per employee.

The Amazon Halo – AI-powered Health Device

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Amazon has introduced Amazon Halo, a new service dedicated to helping customers improve their individual health and wellness. Amazon Halo combines a suite of AI-powered health features that provide actionable insights into overall wellness via the new Amazon Halo app with the Amazon Halo Band, which uses multiple advanced sensors to provide the highly accurate information necessary to power Halo insights.

“Despite the rise in digital health services and devices over the last decade, we have not seen a corresponding improvement in population health in the U.S. We are using Amazon’s deep expertise in artificial intelligence and machine learning to offer customers a new way to discover, adopt, and maintain personalized wellness habits,” said Dr. Maulik Majmudar, Principal Medical Officer, Amazon Halo. “Health is much more than just the number of steps you take in a day or how many hours you sleep. Amazon Halo combines the latest medical science, highly accurate data via the Halo Band sensors, and cutting-edge artificial intelligence to offer a more comprehensive approach to improving your health and wellness.”

Halo goes for $65, and the device also includes six months of a free A.I.-driven health advisory service that tracks body composition, tone of voice analysis, sleep and activity tracking. It’s $4 a month after the first six free.