[TL;DR] Tech news that you shouldn’t miss this 04/24

by bold-lichterman

Every evening, the best of Tech news is in the TL; DR of FrenchWeb.

TL; DR (invariable acronym) (21st century): initials of too long; didn’t read,
either literally too long ; not read
1. (Internet) To express that the message that was sent was not read because it was too long.
2. (Internet) To express that the following is a summary of the text too long.

TLDR Tech news that you shouldnt miss this 0424

Google, driven by its $ 26.6 billion in advertising revenue in the first quarter of 2018. Alphabet recorded a 74% jump in net profit over the first three months of the year.

Why this is important: Once again, Google’s revenue was largely fueled by its advertising revenue. These reached $ 26.6 billion in the first quarter, up almost 25% over one year. According to the eMarketer firm, Google and Facebook should weigh 56.8% on the online advertising market in the United States in 2018. After this good first quarter to start the year, the American firm is now preparing for the entry into force of the GDPR scheduled for May 25. On this point, Sundar Pichai, the boss of the American giant, says that Google has been preparing for it for 18 months.

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Credits: Shutterstock.

Salesforce will invest $ 2.2 billion in France over 5 years. For Marc Benioff, the boss of Salesforce, “France represents a great opportunity”.

Why this is important: The $ 2.2 billion envelope should allow Salesforce to increase its workforce, the size of its offices and its hosting capacity in France to support its customers. In France, the American group has invested in several French companies, in particular FollowAnalytics and Sigfox. In France, the CRM giant has also acquired the companies InStranet, EntropySoft and Kerensen Consulting. In addition, Salesforce also has R&D centers in Paris and Grenoble.

TLDR Tech news that you shouldnt miss this 0424
Credits: Shutterstock.

China’s Didi Chuxing is heading to Mexico to attack Uber on a global scale. This is the Chinese giant’s first physical foray into the international market.

Why this is important: The Chinese company said it is targeting Latin America because it is the third largest market in the world, behind the United States and China. To finance its international ambitions, the Chinese giant had raised $ 4 billion in December 2017. Until now, Didi Chuxing had positioned its pawns internationally by buying 99 Taxis, a rival of Uber in Brazil, and using a “franchise model” to move to Taiwan in January. The company is also exploring options to launch services in Japan by the end of the year.

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Credits: Didi Chuxing.

After China, WeWork wants to accelerate in Southeast Asia. The American giant plans to open spaces in Indonesia, Thailand, Malaysia and the Philippines in the coming months.

Why this is important: To finance its ambitions in Asia, WeWork raised $ 4.4 billion from SoftBank in the summer of 2017. Valued at $ 20 billion, the American giant had until then mainly focused its efforts on China. After launching in Singapore in January, WeWork will open its first two spaces in Jakarta, the capital of Indonesia, in the third quarter of 2018. After Jakarta, Bangkok, the capital of Thailand, is expected to be the next city in Asia. Southeast to host a WeWork-stamped space. The American giant claims 200,000 members around the world and plans to double this figure this year.

TLDR Tech news that you shouldnt miss this 0424
Credits: WeWork.

Takeover of PT Portugal: Altice receives a fine of 124.5 million euros. The European Commission accuses the group of having taken control of the Portuguese operator before obtaining official authorization.

Why this is important: Altice is accused by the European Commission of having done what is called “gun-jumping”. Patrick Drahi’s group has announced that it will appeal this decision. This is not the first time that Altice has been accused of “gun-jumping”. This had already been the case during the takeover of SFR in 2014. The group was then fined 80 million euros by the Competition Authority and had not contested.

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Credit: Shutterstock