Snap's IPO was launched yesterday, selling at $17 a share, with total value of $34 Billion. That's a heck of a lot for a single app called Snapchat. But is it worth more than Marriot? Leo says it's rather over valued. Why is it so high in value? Leo says that people wants to know how to reach young people and Snapchat is where the kids are. Kids don't watch TV anymore, they watch YouTube and talk amongst themselves. And Snapchat is their platform.
This Week in Tech News
Sensing a market for people who just want a phone, or a burner, Nokia announced at Mobile World Congress 2017 this week the return of the 3310 phone, which has over 21 hours of talk time on a single charge. It will cost just $51.
Meanwhile, Blackberry returned with the standard Blackberry keyboard on an Android phone, and Motorola is putting out a new version of the Moto G5 with a 13MP camera and faster snapdragon chips, larger screen, and more. That will retail for $200.
In the hopes of avoiding a repeat of the mistakes made with rushing a product out to market, Microsoft has announced that development of their mixed reality HoloLens device will be deferred to at least 2019. The hope is that they can avoid any similar mistakes that made the launch of the Kinect camera so problematic. Meanwhile, people can still get the current developer edition for $3500.
Recently, privacy advocates have become aware that US Customs and the TSA are demanding travelers turn over passwords to their social media and demanding travelers open up their laptops and mobile devices to gain your data. Leo says that is clearly a violation of privacy and the fifth amendment. That passwords and fingerprint ID should be protected. Leo recommends turning off all your devices while you're re-entering the country. But they may detain you until you do. So be ready to call a lawyer.
Leo says that Samsung's new convertible Chromebook Plus is an excellent option for kids in school and college. It flips over to become tablet, and it has a great screen and long battery life. The only drawbacks are that the speakers are misplaced and the touchpad seems dainty. It's also Android compatible. It's also a bit pricey at $450, but he really likes it.
While touring Europe this week, Apple CEO Tim Cook said in an interview that Augmented Reality will be as big as the iPhone. Calling it a "core technology," Cook envisioned augmented reality, and not Virtual reality, to be everywhere.
With the new chairman and his anti net neutrality views, the FCC has changed direction on a rule that would require cable companies to allow users to use third party set top boxes. Leo said it was a great idea, but in reality, cable companies were starting to see the handwriting on the wall that cutting the cable is gathering speed. The FCC has also allowed for zero rating, where you can get free data if you watch streaming from partnered services.
Facebook/Oculus will have to pay ZeniMax a half billion dollars for copyright and patent infringement in the development of the Oculus Rift device. Leo says that is a clear indicator that virtual reality may be succeeding, since companies are suing each other now.
Protests broke out at airports across the country in response to Trump's executive order to ban people from certain countries. The reaction from the tech community was loud as well. One of the founders of Google, Sergey Brin, went to San Francisco International Airport to protest. Google CEO Sundar Pichai made a statement as well, and nearly 200 Google employees were affected by this. Google is considering a recall of all employees currently outside of the country. Other tech companies responded equally to the ban.