Technology Roundup – Samsung has sold 1M Galaxy Fold devices, Airbnb repaid $2B in taxes

Technology Roundup – Samsung has sold 1M Galaxy Fold devices, Airbnb repaid $2B in taxes 科技新闻精选——三星已售出100万部Galaxy Fold折叠设备,Airbnb偿还税款
Published on: Dec 12, 2019
Author: Amy Liu

Samsung has sold 1M Galaxy Fold devices

Samsung Electronic’s (OTC:SSNNF,OTC:SSNLF) president Young Sohn says the company has sold 1M units of its premium Galaxy Fold device.

Sohn’s comment came while speaking at TechCrunch’s Disrupt event in Berlin.

The $2,000 Fold went on sale in September, months later than planned after the release was delayed by tech issues with early release models.

Apple buys Spectral Edge for photo tech

Apple (NASDAQ:AAPL) acquires the UK-based developer of technology that improves smartphone pictures for undisclosed terms.

Spectral Edge uses machine learning to blend an infrared shot with a standard photo to improve clarity and the accuracy of colors.

Source: Spectral filings spotted by Bloomberg.

Airbnb repaid $2B in taxes

Airbnb (AIRB) says it will have paid $2B in tourist and occupancy taxes by the end of the year. The disclosure is meant to show that Airbnb is putting systems in place to collect taxes and cooperate with local governments.

The company also says it has resolved most of its outstanding litigation in the United States, including cases in Boston and Miami.

Airbnb hopes to go public next year and faces a market nervous about tech company profits thanks to the failed IPO of WeWork and soft launches of Uber and Lyft.

Airbnb has said it was profitable on an adjusted basis in 2017 and 2018.

Datadog announces Azure DevOps integration

Datadog (NASDAQ:DDOG) announces a new integration with Microsoft (NASDAQ:MSFT) Azure DevOps.

Users can utilize the integration to troubleshoot deployment and understand the efficiency of a team’s DevOps processes.

The integration is available now through the Datadog app.

DDOG shares are up 1% after hours to $36.10.

Amazon announces new distribution center in Brazil

Amazon (AMZN +0.6%) announces a new distribution center in Cabo de Santo Agostinho.

The company says that the center will reduce the minimum delivery time in the Northeast.

The unit is expected to be fully operational in Q1 2020.

Technology