The Week In Tech
There is no doubt that the biggest tech story of the week (and possibly the year, so far), is that Microsoft is buying LinkedIn for the cash price of $26.2 billion. That’s a massive investment from Microsoft CEO Satya Nadella and a vote of confidence in a company that is beloved by those who use it, but which has never really been able to monetize in the same way that other social networks have. LinkedIn’s share price jumped 47% on news of the acquisition, which was a blessing to investors who saw the stock drop 40% in February when it announced its revenue forecasts for 2016.
The Economist ran an interesting piece on the reasons behind the acquisition, although they weren’t entirely convinced that it was a good one. Still, the Economist speculates that “it will dovetail with Microsoft’s existing products in Office, its collection of business applications and services that includes Word, Excel and Outlook, Microsoft’s e-mail system. The latter might gain in popularity if LinkedIn keeps users’ details up to date and offers alerts if a contact moves firms. Such additional features might also encourage companies to buy new cloud services from Microsoft.”
An unexpected consequence of the Microsoft/LinkedIn deal was that Twitter’s share price jumped a notch on speculation that it too might be acquired, possibly by a powerhouse such as Google, News Corp. or even Comcast. It’s no surprise to anyone that Twitter has been struggling for a while now, and returning CEO Jack Dorsey doesn’t seem able to turn the ship around. With its stock at a very attractive low, and with tweets scheduled to get greater weight in Google’s Page Rank algorithm during Q3 of 2016, the smart money is betting on Google acquiring Twitter.
Apple seems to have been building up some great press ahead of the launch of its latest operating system for the iPhone. iOS10 was announced at WWDC 2016 which took place this week, and there are a whole bunch of updates from Apple across all their devices.
Take a look at the list for a quick overview of the changes expected to roll out during the fall.
There is one distinctive feature that is capturing people’s imagination – the ability of your iPhone to pinpoint exactly where you parked your car. This is a problem that almost everyone has encountered at one time or another. The way it seems to work is that the phone will take note where a vehicle stopped moving and show the car’s location on Apple Maps.
The feature seems to have come to light while several developers were using preview versions to ‘test-drive’ the new OS. Discussion picked up on Reddit and soon became a must-have feature for those who love Apple. We’ll wait with baited breath in the hope that the days of trawling parking lots searching for your car may soon be over.
Checkout the Reddit thread that sparked all the discussion.
By Jeremy Daniel