Oregon Lottery to launch sports betting app Scoreboard with an expected $300 million in wagers

ScoreboardOn Wednesday, Oregon Lottery officials are expected to finally launch Scoreboard, the mobile sports betting app that will allow in-state users to wager on professional sports. Oregon Lottery Director Barry Pack met with the app’s project team Monday, where he gave final approval for the launch. Oregon will be the eighth state to add a live sports betting app, and one of 12 states offering legal mobile sports betting via an app. While there’s no minimum, the lottery app won’t hold more


ScoreboardOn Wednesday, Oregon Lottery officials are expected to finally launch Scoreboard, the mobile sports betting app that will allow in-state users to wager on professional sports. Oregon Lottery Director Barry Pack met with the app’s project team Monday, where he gave final approval for the launch. Oregon will be the eighth state to add a live sports betting app, and one of 12 states offering legal mobile sports betting via an app. While there’s no minimum, the lottery app won’t hold more
Oregon Lottery to launch sports betting app Scoreboard with an expected $300 million in wagers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: jabari young
Keywords: news, cnbc, companies, officials, expected, lottery, account, app, players, 300, state, launch, bets, million, shelby, wagers, betting, oregon, scoreboard


Oregon Lottery to launch sports betting app Scoreboard with an expected $300 million in wagers

Algerina Perna | Baltimore Sun | MCT | Getty Images

Matt Shelby’s memory was vivid, as if he were in college at the University of Oregon last week, sitting in his dorm room contemplating the weekend ahead. “Figuring out what my picks were for the weekend and trying not to spend all my beer money,” the Oregon Lottery spokesman said recalling the last time the state had a sports betting service. Back then, Sports Action was the way to wager bets in Oregon. Players used the paper-based parlay game that was limited to NFL games until 2007, when the service was terminated thanks House Bill 3466, which eliminated sports betting in Oregon. That is until now.

Scoreboard

On Wednesday, Oregon Lottery officials are expected to finally launch Scoreboard, the mobile sports betting app that will allow in-state users to wager on professional sports. “We’re talking about a true mobile-based sportsbook that gives players the opportunity to wager on a variety of pro sports,” Shelby said. After numerous delays, officials went through the final test over the weekend. They gave six players — two on each platform, iOS, Android and desktop — $100 each to test the service by placing bets on games in real time, even allowing them to to keep their winnings. The final run-through was to ensure users won’t have any trouble depositing, betting or withdrawing money. Oregon Lottery Director Barry Pack met with the app’s project team Monday, where he gave final approval for the launch. “We’re not anticipating any surprises,” Shelby said.

States add betting apps

Scoreboard was expected to launch by the start of the NFL season but was delayed to give the state more time to iron out last-minute kinks. Oregon will be the eighth state to add a live sports betting app, and one of 12 states offering legal mobile sports betting via an app. The lottery partnered with SBTech, a privately run company that specializes in sports betting services. The company also runs the Church Hill Downs sports betting service, which has a partnership with Golden Nugget Casino in New Jersey. Shelby said the decision to select SBTech to create the Scoreboard app came down to the company’s experience with sports betting. Lottery officials were also impressed with the firm’s ability to enhance the “player experience.” “A number of competitors we looked at were large lottery companies that also did sports betting. So, it was a component of their portfolio. With SBTech, this was their bread and butter and really what they do,” Shelby said.

Real-time betting

Scoreboard will also offer in-game betting to allow players to take advantage of real-time game situations, including from the state’s NBA team, the Portland Trail Blazers. The Oregon Lottery already has a sponsorship agreement with the Blazers, and both sides expressed excitement about the possibilities of enhancing the relationship via the app. Blazers CEO Chris McGowan said the app has the potential to “broaden the Trail Blazers fan base among Oregonians.” “The addition of sports betting is exciting, and we look forward to exploring potential opportunities to expand our partnership,” he said via email on Sunday.

FDIC insured accounts

To place a bet, players must establish a funding account. While there’s no minimum, the lottery app won’t hold more than $250,000 per account, which will be insured by the FDIC. The maximum bet the lottery will accept will vary. Still, Shelby does not anticipate the lottery taking too many high wagers that exceed the max of a funding account. “We’re not obligated to take all wagers,” he said. “So, if someone came in, theoretically, and had $250,000 in their account and tried to put that down on a single game, it would be met with heavy scrutiny. And frankly, I’d be surprised if we took it.” Not every bet will be reviewed, but SBTech has the authority to review individual bets and flag anything to lottery officials that looks fishy for additional screening.

Geofenced

The app will also be geofenced to honor and protect its relationship with the state’s tribal casinos. Geofencing uses global positioning to determine a user’s location, keeping players on tribal lands from placing wagers through the app. Players on the property owned by the Confederated Tribes of Siletz Indians can still bet on a game in person at the Chinook Winds Casino Resort, which began taking sports bets in August. “We’re staying in our lane and letting the tribes do what they want,” Shelby said. After exploring projections for the app, lottery officials are anticipating users to wage roughly $300 million in the first year, of which the state is projecting gross revenues of $5 million. The Oregon Lottery could be generating $30 million or more in annual revenue by the third year as the costs of running the app fall, Shelby said.

‘Real dollars’

“Not huge money, but real dollars,” he said. Officials aren’t charging consumer fees in hopes of attracting more business. Players can make bets, deposit and withdrawal money hassle-free. “With our app, you get paid in real dollars back to your account that you can immediately withdraw as opposed to hanging around, waiting for your bitcoin to come in from your offshore book,” Shelby said. “In Oregon, the regulatory structure is such that we will be the only legal mobile book available to players in the state.” According to the American Gaming Association, more than $150 billion is wagered illegally on sports betting in the United States every year via “online, offshore, corner bookies, whatever people’s appetite was,” said Casey Clark, AGA’s senior vice president of strategic communications.

Supreme Court


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: jabari young
Keywords: news, cnbc, companies, officials, expected, lottery, account, app, players, 300, state, launch, bets, million, shelby, wagers, betting, oregon, scoreboard


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Chinese app pushing Xi’s ideology has ‘backdoor’ that could let Beijing snoop on users, report says

This photo illustratration taken on February 20, 2019 shows a phone app called “Xuexi Qiangguo” with an image of China’s President Xi Jinping in Beijing. But a teardown of the Android version of the app by German cybersecurity firm Cure53, which was commissioned by the U.S. government-backed Open Technology Fund, highlighted security holes that could let Beijing snoop on users. An app promoting Chinese leader Xi Jinping’s ideology has flaws that could potentially allow Beijing to control hundred


This photo illustratration taken on February 20, 2019 shows a phone app called “Xuexi Qiangguo” with an image of China’s President Xi Jinping in Beijing. But a teardown of the Android version of the app by German cybersecurity firm Cure53, which was commissioned by the U.S. government-backed Open Technology Fund, highlighted security holes that could let Beijing snoop on users. An app promoting Chinese leader Xi Jinping’s ideology has flaws that could potentially allow Beijing to control hundred
Chinese app pushing Xi’s ideology has ‘backdoor’ that could let Beijing snoop on users, report says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: arjun kharpal
Keywords: news, cnbc, companies, users, xis, run, pushing, office, chinese, app, snoop, report, xuexi, beijing, backdoor, state, ideology, let


Chinese app pushing Xi's ideology has 'backdoor' that could let Beijing snoop on users, report says

This photo illustratration taken on February 20, 2019 shows a phone app called “Xuexi Qiangguo” with an image of China’s President Xi Jinping in Beijing.

But a teardown of the Android version of the app by German cybersecurity firm Cure53, which was commissioned by the U.S. government-backed Open Technology Fund, highlighted security holes that could let Beijing snoop on users.

“Study the Great Nation” or “Xuexi Qiangguo” in Chinese is billed by China’s Communist Party as an educational tool and it contains videos and articles about Xi’s ideology, as well as the ability for users to earn points by doing quizzes or commenting on pieces. It is developed by the Chinese government.

An app promoting Chinese leader Xi Jinping’s ideology has flaws that could potentially allow Beijing to control hundreds of millions of users’ smartphones, a new report claims.

Cure53 found code in the app “resembling a backdoor which is able to run arbitrary commands with superuser privileges.”

If that code was deployed, it would grant a person system-wide administrative access, meaning they could download software, modify data or even install a keylogger to see what people were typing.

“And while the investigative method utilized does not allow us to observe the ways in which that backdoor is being exploited (if at all), the audits could find no legitimate reason why an app of this nature would seek to run commands on users’ phones with high privileges levels,” Cure53 noted.

The Xi ideology app also scans for other apps installed on a person’s device which the researchers note is “no way relevant to the purported purpose of the app, which leads us to speculate as to why this mass data collection is needed by the CCP (Communist Party of China).”

The State Council Information Office, responding on behalf of the Chinese government’s propaganda department, told the Washington Post that the app did not have the functions the report suggests.

“We learned from those who run the Study the Great Nation app that there is no such thing as you have mentioned,” the office said.

A spokesperson for the State Council Information Office wasn’t immediately available for comment when contacted by CNBC.


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: arjun kharpal
Keywords: news, cnbc, companies, users, xis, run, pushing, office, chinese, app, snoop, report, xuexi, beijing, backdoor, state, ideology, let


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TikTok has moved into Facebook’s backyard and is starting to poach its employees

TikTok, the upstart social media app, has opened an office in Silicon Valley and begun to poach Facebook employees, multiple people familiar with the matter told CNBC. Along with the new office, TikTok and ByteDance have posted numerous job listings for positions in the San Francisco Bay Area, according to LinkedIn. One person said TikTok has been known to offer salaries that are as much as 20% higher than Facebook’s. Besides its new Bay Area office, TikTok is also planning to upgrade its headqu


TikTok, the upstart social media app, has opened an office in Silicon Valley and begun to poach Facebook employees, multiple people familiar with the matter told CNBC. Along with the new office, TikTok and ByteDance have posted numerous job listings for positions in the San Francisco Bay Area, according to LinkedIn. One person said TikTok has been known to offer salaries that are as much as 20% higher than Facebook’s. Besides its new Bay Area office, TikTok is also planning to upgrade its headqu
TikTok has moved into Facebook’s backyard and is starting to poach its employees Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: salvador rodriguez
Keywords: news, cnbc, companies, users, employees, according, tiktok, moved, office, facebooks, told, app, poach, company, facebook, person, backyard, starting


TikTok has moved into Facebook's backyard and is starting to poach its employees

TikTok, the upstart social media app, has opened an office in Silicon Valley and begun to poach Facebook employees, multiple people familiar with the matter told CNBC.

The Chinese-owned company recently moved into an office space in Mountain View, California, that was previously occupied by Facebook’s WhatsApp messaging app, multiple people told CNBC. The new location gives TikTok a presence just miles from the Menlo Park headquarters of Facebook, elevating the rivalry between the two companies from a battle for young users to a competition for talent.

TikTok was released in 2017 by China-based company ByteDance, which makes a Chinese version of the app called Douyin. TikTok lets users watch and create short videos that are usually set to songs. Across its suite of apps and around the globe, ByteDance now claims 700 million daily active users. By way of comparison, Facebook claims more than 2.1 billion people use one of its apps, including Instagram, Messenger or WhatsApp, every day.

Along with the new office, TikTok and ByteDance have posted numerous job listings for positions in the San Francisco Bay Area, according to LinkedIn. Since 2018, the company has hired more than two dozen employees from Facebook.

The appeal to leave Facebook for TikTok stems from a desire to work at a popular social media company as it goes through an extreme growth phase, two former Facebook employees who are now at TikTok told CNBC. Although Facebook offers unrivaled perks, such as free food throughout the day, TikTok is offering salaries that are comparable and competitive to that of its rival. One person said TikTok has been known to offer salaries that are as much as 20% higher than Facebook’s.

TikTok is interested in hiring employees with experience from competitors who have the ability to fix issues that arise with high-growth technology, one person said.

As it’s been poaching from Facebook, TikTok has hired even more people from other tech companies, including Snap, Hulu, Apple, Google’s YouTube and Amazon, according to another person familiar. These people asked for anonymity when discussing confidential business matters.

Besides its new Bay Area office, TikTok is also planning to upgrade its headquarters in Culver City, California, near Los Angeles. The company will move into a new office there in early 2020 with the capacity for 1,000 employees, a person familiar with the company’s plans told CNBC.

Facebook has yet to list TikTok as a competitor on its financial documents as Twitter and Snap have both done, but the company has landed on its radar nonetheless.

Last year, Facebook released Lasso, an app that is nearly identical to TikTok, except when it comes to download stats. TikTok has been downloaded from the Apple App Store and Google Play by 546 million global users since the start of 2019, according to third-party estimates provided to CNBC by Sensor Tower, an app market intelligence firm. By comparison, Lasso has been downloaded by only 420,000 worldwide users, according to Sensor Tower. These figures do not include Android downloads in China.

Facebook’s Instagram is also reportedly working on a new feature called Clips that copies TikTok’s video-creation capabilities. And in a recent meeting with employees, Facebook CEO Mark Zuckerberg said the company plans to compete with TikTok by beating it in markets where it has yet to gain traction, such as Mexico, with Lasso, according to The Verge.

“TikTok … is really the first consumer internet product built by one of the Chinese tech giants that is doing quite well around the world. It’s starting to do well in the U.S., especially with young folks,” Zuckerberg said.

Facebook did not respond to requests for comment.

WATCH: The most valuable startup in the world?


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: salvador rodriguez
Keywords: news, cnbc, companies, users, employees, according, tiktok, moved, office, facebooks, told, app, poach, company, facebook, person, backyard, starting


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Superstar German DJ ‘permanently banned’ from China for liking a ‘South Park’ tweet

Zedd, a high-profile DJ and music producer, has been permanently banned from China for liking a tweet from “South Park’s” official account. On Friday, Zedd tweeted about the ban, and CNBC verified the claim with his publicist on Saturday. It’s unclear at the moment whether this means that Zedd has a travel ban to China. As of Saturday, his music was still available on Chinese music streaming site QQ Music. Beijing responded by heavily censoring content related to “South Park” on search engines l


Zedd, a high-profile DJ and music producer, has been permanently banned from China for liking a tweet from “South Park’s” official account. On Friday, Zedd tweeted about the ban, and CNBC verified the claim with his publicist on Saturday. It’s unclear at the moment whether this means that Zedd has a travel ban to China. As of Saturday, his music was still available on Chinese music streaming site QQ Music. Beijing responded by heavily censoring content related to “South Park” on search engines l
Superstar German DJ ‘permanently banned’ from China for liking a ‘South Park’ tweet Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-12  Authors: arjun kharpal
Keywords: news, cnbc, companies, liking, chinese, music, zedd, tweeted, banned, china, german, superstar, permanently, park, american, app, ban, south


Superstar German DJ 'permanently banned' from China for liking a 'South Park' tweet

Zedd performs onstage during the 2019 iHeartRadio Wango Tango at Dignity Health Sports Park on June 01, 2019 in Carson, California.

Zedd, a high-profile DJ and music producer, has been permanently banned from China for liking a tweet from “South Park’s” official account.

On Friday, Zedd tweeted about the ban, and CNBC verified the claim with his publicist on Saturday.

“This is true, yes, but we don’t have anymore info to give you at this time,” Adam Guest, senior entertainment publicist at U.K.-based SATELLITE414 agency, told CNBC. It’s unclear at the moment whether this means that Zedd has a travel ban to China. As of Saturday, his music was still available on Chinese music streaming site QQ Music.

“South Park” stirred up controversy in the world’s second-largest economy with an episode called “Band in China” which pokes fun at the country’s strict censorship regime and ridicules American firms doing business there.

Beijing responded by heavily censoring content related to “South Park” on search engines like Baidu and other online services.

The tweet that Zedd liked on Twitter was one celebrating “South Park’s” 300th episode.

The 300th episode is called “Shots!!!” and looks to ridicule anti-vaccination supporters, or anti-vaxxers, as well as continuing its satirical take on China.

Zedd was born in Russia but grew up in Germany. The German embassy in Beijing is yet to respond to a request for comment when contacted by CNBC.

His ban comes at a time when American organizations’ dealings with China are under heavy scrutiny with several being accused of bending over backwards to meet Beijing’s demands around censorship.

It began when Daryl Morey, the general manager of the Houston Rockets NBA team, tweeted a message in support of the pro-democracy protests in Hong Kong. The post was quickly deleted. The NBA first appeared to apologize for Morey’s remarks which was criticized by American lawmakers. But later, the league’s commissioner Adam Silver came out in support of Morey’s right to express his opinion. Silver’s remarks drew strong criticism from Chinese state media.

Meanwhile, Apple was in hot water with Beijing for allowing an app, which let Hong Kong protesters see the location of police, onto its App Store. Following criticism from Chinese state media, Apple took the app down.


Company: cnbc, Activity: cnbc, Date: 2019-10-12  Authors: arjun kharpal
Keywords: news, cnbc, companies, liking, chinese, music, zedd, tweeted, banned, china, german, superstar, permanently, park, american, app, ban, south


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Samsung Display to invest $11 billion in facilities, research by 2025

Apple removes police-tracking app used in Hong Kong protests from… The tech giant said the app violated its rules because it was used to ambush police and by criminals who used it to victimize residents in areas with no law enforcement. Technologyread more


Apple removes police-tracking app used in Hong Kong protests from… The tech giant said the app violated its rules because it was used to ambush police and by criminals who used it to victimize residents in areas with no law enforcement. Technologyread more
Samsung Display to invest $11 billion in facilities, research by 2025 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10
Keywords: news, cnbc, companies, samsung, victimize, removes, residents, rules, used, violated, invest, facilities, policetracking, app, tech, 2025, protests, billion, display, research


Samsung Display to invest $11 billion in facilities, research by 2025

Apple removes police-tracking app used in Hong Kong protests from…

The tech giant said the app violated its rules because it was used to ambush police and by criminals who used it to victimize residents in areas with no law enforcement.

Technology

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Company: cnbc, Activity: cnbc, Date: 2019-10-10
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Delta earnings beats Wall Street estimates

Apple removes police-tracking app used in Hong Kong protests from… The tech giant said the app violated its rules because it was used to ambush police and by criminals who used it to victimize residents in areas with no law enforcement. Technologyread more


Apple removes police-tracking app used in Hong Kong protests from… The tech giant said the app violated its rules because it was used to ambush police and by criminals who used it to victimize residents in areas with no law enforcement. Technologyread more
Delta earnings beats Wall Street estimates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: leslie josephs
Keywords: news, cnbc, companies, earnings, beats, residents, street, rules, wall, delta, removes, victimize, violated, policetracking, estimates, tech, app, protests, used


Delta earnings beats Wall Street estimates

Apple removes police-tracking app used in Hong Kong protests from…

The tech giant said the app violated its rules because it was used to ambush police and by criminals who used it to victimize residents in areas with no law enforcement.

Technology

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: leslie josephs
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Apple shares upgraded on ‘iPhone demand upside’

Apple removes police-tracking app used in Hong Kong protests from… The tech giant said the app violated its rules because it was used to ambush police and by criminals who used it to victimize residents in areas with no law enforcement. Technologyread more


Apple removes police-tracking app used in Hong Kong protests from… The tech giant said the app violated its rules because it was used to ambush police and by criminals who used it to victimize residents in areas with no law enforcement. Technologyread more
Apple shares upgraded on ‘iPhone demand upside’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: john melloy
Keywords: news, cnbc, companies, upside, demand, apple, residents, shares, rules, removes, victimize, iphone, violated, protests, tech, app, policetracking, used, upgraded


Apple shares upgraded on 'iPhone demand upside'

Apple removes police-tracking app used in Hong Kong protests from…

The tech giant said the app violated its rules because it was used to ambush police and by criminals who used it to victimize residents in areas with no law enforcement.

Technology

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Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: john melloy
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Apple deferred to the Chinese government long before the Hong Kong protests

Apple removed a Hong Kong mapping app from its App Store on Thursday after Chinese state media said it endangered law enforcement officers in the ongoing Hong Kong pro-democracy protests. Apple also said that it had been in contact with the Hong Kong Cybersecurity and Technology Crime Bureau. (Google also removed Hong Kong protest apps from its Android app store this week.) Apple added that Chinese authorities told it that the Quartz app didn’t comply with local laws. Apple reported $51 billion


Apple removed a Hong Kong mapping app from its App Store on Thursday after Chinese state media said it endangered law enforcement officers in the ongoing Hong Kong pro-democracy protests. Apple also said that it had been in contact with the Hong Kong Cybersecurity and Technology Crime Bureau. (Google also removed Hong Kong protest apps from its Android app store this week.) Apple added that Chinese authorities told it that the Quartz app didn’t comply with local laws. Apple reported $51 billion
Apple deferred to the Chinese government long before the Hong Kong protests Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: kif leswing
Keywords: news, cnbc, companies, app, kong, long, protests, chinese, store, removed, hong, quartz, pressure, prodemocracy, apple, deferred, china


Apple deferred to the Chinese government long before the Hong Kong protests

Apple removed a Hong Kong mapping app from its App Store on Thursday after Chinese state media said it endangered law enforcement officers in the ongoing Hong Kong pro-democracy protests.

Apple also removed a news outlet’s app, Quartz, from the App Store in China on Wednesday, citing content that is “illegal in China,” a Quartz spokesperson said, adding that Quartz has been covering pro-democracy protests in Hong Kong extensively.

Apple said that it removed the mapping app because it “has been used in ways that endanger law enforcement and residents in Hong Kong” and has been “used to target and ambush police.” Apple also said that it had been in contact with the Hong Kong Cybersecurity and Technology Crime Bureau. (Google also removed Hong Kong protest apps from its Android app store this week.) Apple added that Chinese authorities told it that the Quartz app didn’t comply with local laws.

Because Apple controls its App Store, which is the only way for most people to install apps on iPhones, it can effectively decide which software is acceptable for iPhone users, making it an access point for governments which want to remove content from their countries.

But while attention is now focused on how China’s government puts pressure on international businesses, Apple has had to carefully tread around Beijing’s pressure points for years.

Apple finds itself in the middle of controversy as China and the Communist Party are increasingly leaning on international companies to quell discussion or distribution of content that supports pro-Democracy protests in Hong Kong.

For example, organizations and businesses in China have been cutting relationships and putting pressure on the NBA after Houston Rockets general manager Daryl Morey tweeted support for pro-democracy protestors in Hong Kong.

Apple has a closer relationship with China than other tech companies, like Facebook and Google, which have significant products that are banned from the country.

Apple does nearly all of its production in China, and needs to protect the massive supply chain that produces over 200 million iPhones per year.

Beyond that, mainland China is also a key market for Apple. Apple reported $51 billion in revenue in 2018 from “Greater China,” which includes Hong Kong and Taiwan (in line with the Communist Party’s preferred geography). That’s Apple’s third-biggest region, after the Americas and Europe. Apple’s total revenue for 2018 was $265.6 billion.


Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: kif leswing
Keywords: news, cnbc, companies, app, kong, long, protests, chinese, store, removed, hong, quartz, pressure, prodemocracy, apple, deferred, china


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Slack touts users growth as it faces growing competition from Microsoft

Slack, under pressure to show growth as its stock price slides, said on Thursday that its number of daily active users jumped 37% from a year earlier. Slack held its public market debut in June, choosing the unconventional route of a direct listing instead of an IPO. Microsoft said in July that its Teams communication app had more than 13 million daily active users. “They’re not comparing the same thing when they say daily active user,” Butterfield told CNBC in an interview last week. The compan


Slack, under pressure to show growth as its stock price slides, said on Thursday that its number of daily active users jumped 37% from a year earlier. Slack held its public market debut in June, choosing the unconventional route of a direct listing instead of an IPO. Microsoft said in July that its Teams communication app had more than 13 million daily active users. “They’re not comparing the same thing when they say daily active user,” Butterfield told CNBC in an interview last week. The compan
Slack touts users growth as it faces growing competition from Microsoft Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: jordan novet
Keywords: news, cnbc, companies, touts, faces, growing, app, daily, user, weakerthanexpected, slack, growth, microsoft, million, active, users, company, competition


Slack touts users growth as it faces growing competition from Microsoft

Slack, under pressure to show growth as its stock price slides, said on Thursday that its number of daily active users jumped 37% from a year earlier.

The maker of the popular workplace chat app said that over 12 million people used the product daily in September, up from more than 10 million as of the quarter ended Jan. 31, the most recent number the company disclosed. Slack stock rose as much as 2% in extended trading following the announcement.

Slack held its public market debut in June, choosing the unconventional route of a direct listing instead of an IPO. After falling 3% on Thursday to $23.82, the stock is down about 8% from its initial reference price and 38% from the opening day closing price.

In September, Slack gave weaker-than-expected guidance in its first quarterly earnings report since going public.

A rising user count could help counter the perception that Slack’s expansion is being restricted by competition from Microsoft, the world’s most valuable public company. Microsoft said in July that its Teams communication app had more than 13 million daily active users.

“We view MSFT’s unusually nimble and effective response to the threat of Slack as a real thorn in the side of WORK’s business model,” Mizuho analysts led by Gregg Moskowitz wrote in a September note, initiating coverage with a neutral rating.

Slack CEO Stewart Butterfield has been skeptical of how Microsoft determines the number of people using Teams.

“They’re not comparing the same thing when they say daily active user,” Butterfield told CNBC in an interview last week. He said that people who once used Skype for Business to make voice and video calls have been moved over to Teams.

Butterfield is not alone.

In a note to clients last week, DA Davidson analysts Rishi Jaluria and Hannah Rudoff cited increased “competitive intensity” from Microsoft, but said they suspect that the daily user tally for Teams includes instances in which the Teams app loads when a PC starts up. The analysts have a neutral rating on Slack.

A Microsoft spokesperson clarified how it calculates the figure.

“To be counted as active usage, the user must take action in the app,” the spokesperson told CNBC in an email.

Slack reports 6 million paid seats. Paying users are actively on the app for about 90 minutes per day and are connected to it for over nine hours a day. The company said users are taking 5 billion actions, like sending a message or uploading a file, every week.

Correction: A previous version of this story mistakenly said that Slack reported weaker-than-expected revenue. It should have said the company provided weaker-than-expected guidance.

WATCH: Slack CEO Stewart Butterfield: Growth is the priority


Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: jordan novet
Keywords: news, cnbc, companies, touts, faces, growing, app, daily, user, weakerthanexpected, slack, growth, microsoft, million, active, users, company, competition


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Apple removes police-tracking app used in Hong Kong protests from its app store

Apple on Wednesday removed an app that protesters in Hong Kong have used to track police movements from its app store, saying it violated rules because it was used to ambush police. The U.S. tech giant had come under fire from China over the app, with the Chinese Communist Party’s official newspaper calling the app “poisonous” and decrying what it said was Apple’s complicity in helping the Hong Kong protesters. Apple said in a statement that it had began an immediate investigation after “many co


Apple on Wednesday removed an app that protesters in Hong Kong have used to track police movements from its app store, saying it violated rules because it was used to ambush police. The U.S. tech giant had come under fire from China over the app, with the Chinese Communist Party’s official newspaper calling the app “poisonous” and decrying what it said was Apple’s complicity in helping the Hong Kong protesters. Apple said in a statement that it had began an immediate investigation after “many co
Apple removes police-tracking app used in Hong Kong protests from its app store Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10
Keywords: news, cnbc, companies, removes, statement, law, comment, apple, kong, enforcement, used, policetracking, hong, app, apples, protests, store, immediate


Apple removes police-tracking app used in Hong Kong protests from its app store

Apple CEO Tim Cook delivers the keynote address during a special event on September 10, 2019 in the Steve Jobs Theater on Apple’s Cupertino, California campus.

Apple on Wednesday removed an app that protesters in Hong Kong have used to track police movements from its app store, saying it violated rules because it was used to ambush police.

The U.S. tech giant had come under fire from China over the app, with the Chinese Communist Party’s official newspaper calling the app “poisonous” and decrying what it said was Apple’s complicity in helping the Hong Kong protesters.

Apple rejected the crowdsourcing app, HKmap.live, earlier this month but then reversed course last week.

Apple said in a statement that it had began an immediate investigation after “many concerned customers in Hong Kong” contacted the company about the app and Apple found it had endangered law enforcement and residents.

“The app displays police locations and we have verified with the Hong Kong Cybersecurity and Technology Crime Bureau that the app has been used to target and ambush police, threaten public safety, and criminals have used it to victimize residents in areas where they know there is no law enforcement,” the statement said.

Apple did not comment beyond its statement, and the app’s developer did not immediately have a comment on the removal.

Hong Kong police had no immediate comment.


Company: cnbc, Activity: cnbc, Date: 2019-10-10
Keywords: news, cnbc, companies, removes, statement, law, comment, apple, kong, enforcement, used, policetracking, hong, app, apples, protests, store, immediate


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