Mario Run Breaks App Store Record | Crunch Report | Summary and Q&A

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December 21, 2016
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TechCrunch
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Mario Run Breaks App Store Record | Crunch Report

TL;DR

Super Mario Run sets new download records, Snapchat opens R&D office in China, Facebook introduces standardized research agreement structure, and Uber anticipates $3 billion losses this year.

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Questions & Answers

Q: How successful was the launch of Super Mario Run?

Super Mario Run received over 40 million downloads in four days, breaking download records and becoming one of the top-grossing games globally.

Q: Why did Snapchat open an R&D office in China despite being banned there?

Snapchat aims to expand and recruit top engineering talent in China by opening an R&D office in Shenzen, despite its platform being banned in the country.

Q: What is Facebook's Sarah agreement structure?

Sarah is a standardized agreement structure introduced by Facebook to facilitate quicker collaboration with top universities for sponsored academic research projects.

Q: Why is Uber experiencing significant losses despite high revenue?

Uber's projected net revenue for 2016 is over $5.5 billion, but it expects to incur $3 billion in losses due to extensive spending on competition and global expansion efforts.

Summary & Key Takeaways

  • Super Mario Run has been downloaded over 40 million times in its first four days on the App Store, breaking records and becoming one of the top-grossing games globally.

  • Snapchat, despite being banned in China, opens a small R&D office in Shenzen and recruits engineers from companies like Alibaba and Tencent.

  • Facebook introduces a new standardized agreement structure called Sarah, aimed at expediting collaboration with top universities for sponsored academic research.

  • Uber is expected to have $3 billion losses in 2016, despite projected net revenue of over $5.5 billion, due to high spending on competition and expansion.

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