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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Key Insights

  • πŸ™‚ High Times' sale of a majority stake signifies their recognition of the need for optimized expansion in light of marijuana legalization.
  • πŸ˜€ Skype's revamped version with new features is an attempt to stay competitive in the messaging app market.
  • πŸ˜€ Apple's significant payouts to developers highlight the success of their app ecosystem.
  • πŸ˜’ 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.
  • πŸ˜€ Competition in the messaging app market is intense, with rivals like Messenger and Snapchat influencing Skype's new features.
  • πŸ˜€ 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

hi Time magazine sell 60% of company Skype gets a complete revamp Apple has paid 70 billion dollars to developers and more it's Thursday June 1st and this is crunch report brought to you five high performance highly intelligent BMW five years whatup TechCrunch land how you all doing on this lovely sunny Thursday here's the news High Times has sold ... Read More

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 PokΓ©mon 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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