[TL;DR] Tech news that you shouldn’t miss this 07/17

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 0717

Netflix disappoints on the number of subscribers, the action unscrews. The American platform garnered only 5.15 million new subscribers in the second quarter, far from the 6.2 million he expected.

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Credit: Diabluses / Shutterstock.com

Why this is important:After four consecutive quarters where it had beaten its own expectations and those of analysts (…), Netflix disappointed with a weak second quarter, at noted analyst Paul Verna of the firm eMarketer. “This is not entirely surprising, given the growing competition in the streaming video market with Amazon, Hulu, HBO and others gaining market share at the expense of Netflix. The market is also shaken by the arrival of new entrants, such as Disney and (the telecoms operator) AT&TWhich are launching subscription-based streaming platforms, adds Verna. Competition from the YouTube platform (Google), which attracts a lot, especially among young audiences, is also threatening for Netflix. However, continues Paul Verna, Netflix “should remain clearly the market leader in the United States thanks to his strong portfolio of original programs“.

Tesla: Elon Musk’s escapades are starting to worry. The American entrepreneur’s violent attack on a caver who helped rescue children trapped in a Thai cave seems to be one slip too many.

TLDR Tech news that you shouldnt miss this 0717
Elon Musk. Credits: Y Combinator.

Why this is important: Journalists, financial analysts, employees: many have paid the price for the anger of the whimsical billionaire of South African origin, also at the head of the space company SpaceX. But he seems to have crossed a yellow line this weekend by calling, on Twitter, a pedophile a Briton who supported the rescue mission of 12 young footballers trapped in a Thai cave and evacuated last week. Words that earned him an avalanche of virulent criticism on social networks, even triggering questions about his mental stability and his abilities as a business leader. “It’s the most bad thing, in terms of branding, that Elon Musk has ever doneSays Roger Kay, analyst at Endpoint Technologies Associates. For the latter, Elon Musk’s attitude is similar to that of US President Donald Trump, also accustomed to violently arguing on Twitter, or even insulting anyone who does not agree with him.

The French PeopleDoc is in the process of being bought by the American Ultimate Software for 300 million dollars. The amount will be paid in cash, including $ 75 million on signing, and in shares of Ultimate.

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Jonathan Benhamou, co-founder of PeopleDoc.

Why this is important: With this acquisition, Ultimate Software wishes to extend its offer to the management of the HR-employee relationship and the management of employee files. PeopleDoc will become a subsidiary of the American group. On the technological axis, the start-up will keep its product roadmap and will continue to invest in partnerships established with HR players in the market.

Chinese giant Didi Chuxing is partnering with hotel site Booking.com. The latter injects in passing half a billion dollars into the VTC platform.

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Credits: Didi Chuxing.

Why this is important: Under the terms of this “strategic partnership”, the two reservation platforms will be interconnected. Users of the Chinese platform will thus be able to book a hotel room on Booking.com and Booking.com users a trip on the Didi site. Booking Holdings also includes Kayak, Priceline and Agoda sites among its platforms. The group presents itself as the world number one in online overnight reservations.

Total will open an innovation center on the refinery of the future in India. To create the “4.0 refinery”, Total joined forces with the Tata group, the Indian automotive giant.

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Credit: Vytautas Kielaitis / Shutterstock

Why this is important: The objective of this center, located in Pune (west of the country), will be to “invent»Digital solutions in artificial intelligence, data analysis or the Internet of Things on subjects of interest to Total, starting with refining. “We want to position ourselves as a pioneer by working on the development of a connected and intelligent refinery that will allow us to improve our industrial competitiveness: it is a question of inventing the 4.0 refinery!», Declared Bernard Pinatel, General Manager of Refining and Chemicals at Total. About fifty people will be mobilized on this project, between Pune, the headquarters of the French giant and its various refineries.