Top Stories

With IPO on Hold, WeWork Investors Consider CEO’s Future

When WeWork, the office-space startup renamed We Company, was valued at $47 billion, skeptics expressed concern that, in 2018, it lost $1.6 billion on revenues of $1.82 billion. Still, many stuck with co-founder/chief executive Adam Neumann. But when We Company faced its IPO, more concerns were voiced about its business model and profit potential. After mulling over reducing its valuation by half, WeWork postponed the IPO. Now, said sources, some board members and investors are discussing the ouster of Neumann. Read more

Facebook Announces Three New AI-Powered Portal Devices

Facebook is introducing three Portal models, starting at $129, a more competitive price than previous models. Two offer a smart display with screen, camera and microphone, and the third can turn a TV into a venue for video chat. The first Portal offered AI-enabled tracking that kept all the participants in the frame and could follow a single person. The AI has been upgraded to provide more accuracy. Although the company “paused” human review of audio, it will resume the practice for some Portal audio. Read more

TiVo Confirms That Ads Will Appear Prior to DVR Recordings

TiVo confirmed that it plans to introduce commercials that will play before DVR recordings, including movies and TV shows recorded by customers with a lifetime subscription plan. The introduction of pre-roll video ads will impact the company’s current devices (running TiVo Experience 4 software) within the next 90 days and will become a permanent part of the service. Some publications speculate that the update will eventually affect devices with TiVo Experience 3 as well. TiVo’s Roamio, Bolt and Vox will be the first models eligible for pre-roll ads. Customers will have the ability to skip an ad once it starts playing. Read more

Researchers Find Fire TV, Roku Channels Are Tracking Data

Princeton University and University of Chicago researchers studied over 2,000 channels on streaming devices Amazon Fire TV and Roku — and found that 89 percent of the Fire TV channels and 69 percent of Roku channels included trackers. Those trackers collect data on viewing habits and preferences, device serial numbers and IDs, Wi-Fi network names and MAC (media access control) addresses, which are network interface identifiers. Some channels had 64+ different tracks. Users have no tools to examine the traffic or block ads. Read more

Japan’s Virtual YouTube Celebrities Test the Waters in China

Japan’s most popular YouTube star is Kizuna AI, a virtual teenager with thigh-high socks and a pink hair ribbon, brought to life by an off-screen actress. Millions of fans follow Kizuna, the brainchild of Activ8, a Tokyo-based company. According to Activ8 founder Takeshi Osaka, what sets such so-called virtual YouTubers (or VTubers) apart is that “you can believe they actually exist.” To create Kizuna, Activ8 uses motion capture gear to create skits, music videos and game streams for its over four million subscribers. Read more

Also Noted