High Times Sells 60% of Company | Crunch Report | Summary and Q&A

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June 1, 2017
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High Times Sells 60% of Company | Crunch Report

TL;DR

High Times sells majority stake to investment firm Arriva Capital, Skype launches revamped version with new features, Apple has paid $70 billion to app developers, and Walmart plans to use store employees for product deliveries.

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Questions & Answers

Q: Why did High Times sell a majority stake to Arriva Capital?

According to Arriva Capital founder Adam Levin, High Times was ill-prepared to seize the opportunities for expansion presented by the impending marijuana legalization and new management is being brought in to optimize the company.

Q: What new features does the revamped version of Skype have?

The revamped version of Skype includes a stories-like feature called highlights, a redesigned interface that places the camera just a swipe away from chats, and other features such as BOTS and Cortana integration.

Q: How much has Apple paid to app developers?

Apple has paid a total of $70 billion to app developers, with downloads increasing by over 70% in the past year, driven by popular games like Pokémon Go and Subway Surfers.

Q: What is Walmart's latest delivery plan?

Walmart is testing a program where store employees can deliver products to customers, using a proprietary delivery app. The program is currently being run in two stores as an opt-in opportunity for employees.

Summary & Key Takeaways

  • High Times has sold a majority stake to investment firm Arriva Capital for $42 million, as they seek to capitalize on the opportunities presented by marijuana legalization.

  • Skype has launched a revamped version with features inspired by messaging rivals like Messenger and Snapchat, including a stories-like feature called highlights.

  • Apple has announced that it has paid developers a total of $70 billion, with downloads increasing by over 70% in the past year.

  • Walmart is testing a program where store employees can deliver products to customers, utilizing its massive retail labor force.

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