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.

Transcript

Mario run breaks App Store records snap opens R&D office in China Uber losses to add up to 3 billion in 2016 and more it's Monday December 21st and this is crunch report everybody loves Pokemon everybody loves Mario make an app out of it and it seems like Nostalgia brings instant riches Super Mario run got a lot of downloads at launch the company s... Read More

Key Insights

• 😀 Super Mario Run's success showcases the potential profitability of developing apps based on nostalgic characters and games.
• 🤗 Snapchat's decision to open an R&D office in China demonstrates its commitment to global expansion and talent acquisition.
• 🎓 Facebook's introduction of Sarah aims to streamline collaboration with universities and accelerate innovation in its hardware division.
• 🥺 Uber's high spending and competition in the ride-hailing industry have led to significant losses, despite impressive revenue growth.
• 🤕 The tech industry's ability to adapt and overcome challenges, such as platform bans and cyber attacks, keeps it in constant flux.
• 😀 The demand for innovative and entertaining apps remains high, as seen by the success of Super Mario Run.
• 👨‍🔬 Facebook's investment in research and development signifies its commitment to staying at the forefront of technology and innovation.

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.