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

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.

Key Insights

• 🙂 High Times' sale of a majority stake signifies their recognition of the need for optimized expansion in light of marijuana legalization.
• 😀 Skype's revamped version with new features is an attempt to stay competitive in the messaging app market.
• 😀 Apple's significant payouts to developers highlight the success of their app ecosystem.
• 😒 Walmart's use of store employees for deliveries demonstrates their focus on innovative solutions to compete with Amazon.
• 🎁 Marijuana legalization presents significant opportunities for growth in various industries.
• 😀 Competition in the messaging app market is intense, with rivals like Messenger and Snapchat influencing Skype's new features.
• 😀 Apple's dominance in the app market is facing potential challenges from Google Play and other Android stores.
• 🚚 Walmart's utilization of its retail labor force for deliveries showcases the importance of innovation in staying competitive.

Transcript

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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.