SVIC News

Newsletter February Edition 1st


Every week is a big week for innovation but here are our pics for the top 4 moments from the past week that stand out.

1. According to CNBC, Apple’s market value dropped $46b last week upon the announcement that they are cutting production of iPhone X among allegations that software updates of earlier iPhone models slowed performance to drive sales of newer models.

2. Elon Musk’s Los Angeles based tunnel drilling company, “The Boring Company” is selling a fully functional Flamethrower on their site for $500 that will ship sometime in Spring. Only 20,000 units will be produced and has sold over 15,000 in just 3 days. Elon’s controversial marketing stunt has raised safety concerns from public officials and $7.5million in sales.


3. Popular dating app Tinder has been ruled as violating age discrimination laws by charging users under 30 $9.99 and users over 30 $19.99 a month for premium services including unlimited swipes and being able to match with people in different cities. (source)

4. Robinhood introduces commission free trading of Cryptocurrencies starting in February. For now, only a handful of US states are eligible to trade Bitcoin and Ethereum but this trend confirms a growing momentum toward mass market access to blockchain technology. (original report)

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