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Mobile Minutes: Snapchat’s advertising struggles; Pepsi Phone P1s; Google takes on Amazon; Jawbone cuts staffBy
Snapchat’s lackluster ad business threatens $16 billion valuation
Snapchat, maker of a free mobile app that lets users send videos and messages that disappear in seconds, is struggling to gain traction with advertisers, fuelling investor concern that its $16 billion valuation isn’t justified by a business that hasn’t yet shown it has a steady source of income.
Read more on Reuters
Meet Pepsi Phone P1s: Features metallic chassis, fingerprint reader, dual-SIM for just $110
As it turns out, soft-drinks maker Pepsi is diversifying its portfolio. The company’s brand new “Pepsi Phone P1s” is official now in China with top-of-the-shelf configurations and an affordable price tag.
Read more on The International Business Times
Google gets serious about competing in cloud with Amazon Web Services
One of the great mysteries of the tech industry in recent years has been the seeming disinterest of Google, which is now called Alphabet, in competing with Amazon Web Services for corporate customers.
Read more on New York Times
Jawbone to cut 15 percent of workforce
Jawbone, the maker of the Jambox speaker and variety of fitness trackers, confirmed Friday it will lay off 15 percent of its global work force.
Read more on USA Today
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