Uber has approved Softbank’s multi-billion offer
Softbank and other firms will be able to invest up to $1 billion into Uber and purchase up to $9 billion shares from current shareholders.
If the deal closes, it would be one of the biggest ever for a private startup company. The deal also includes changes to Uber’s board policies such as limiting the role of former CEO Travis Kalanick. Softbank and Uber now need to settle on details such as how many shares will be sold.
After a successful 2017, Nintendo is increasing its production of its Switch console
Nintendo plans to produce 25 to 30 million Switch game consoles during its next fiscal year, which starts in April.
The acceleration in production shows the success Nintendo has seen with Switch, which was released in March and has sold 7.63 million units as of Sept. 30. Switch, a gaming option in-between a smartphone and full-fledged system such as the Xbox One, has been able to gain a significant market share after early concerns from industry experts that the console wouldn’t be unique enough to find popularity.
Multiple tech and science jobs remain vacant at the White House a year after Trump’s election
Positions such as the top science advisor, chief technology officer and chairman at the Federal Trade Commission remain unfilled. Other positions regarding industries such as healthcare and cybersecurity also remain vacant.
President Donald Trump has in some cases not nominated a candidate for positions or been slow to nominate someone. But the U.S. Senate has also been slow to confirm some nominees.
Apple is closing in on a $1 trillion value
The iPhone maker’s market cap hit about $900 billion this past week, inching the company closer to becoming the first ever to a trillion-dollar worth.
Apple has been boosted this year by product launches such as the iPhone X and revamped Mac computer line, as well as hype surrounding upcoming products such as the HomePod smart speaker.
Despite worry that Apple’s brand was beginning to dwindle a bit, the company’s recent launch of the already-popular iPhone X, as well as a recent superb earnings report and talk of its investment into technology such as augmented reality, has kept the company surging.
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