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E3 Announces the Gaming Expo Will Never Return
E3 Announces , the Gaming Expo , Will Never Return.
TechCrunch reports that E3 has announced
the annual Los Angeles-based gaming expo
will be ending its decades-long run.
.
After more than two decades
of E3, each one bigger than the last,
the time has come to say goodbye.
Thanks for the memories, E3 statement, via TechCrunch.
After being founded in the mid-90s and experiencing
a decade of steady growth, the event struggled
in the mid-00s and was downsized over time.
Prior to 2020, the industry-only event
was opened up to the public, revitalizing
the event and ushering in a new era for E3.
In 2020, the in-person event was canceled
due to COVID, and a virtual version of
the show failed to come together that year.
.
While the show's organizer, the Entertainment
Software Association (ESA) did manage to hold
an online event in 2021, it canceled the show in 2022.
.
According to ESA, after failing to
garner enough interest, the event was
also canceled for 2023 and 2024.
TechCrunch reports that E3 represented the
best of gaming when the event hit its peak,
unveiling huge titles and next-gen consoles.
.
TechCrunch reports that E3 represented the
best of gaming when the event hit its peak,
unveiling huge titles and next-gen consoles.
.
However, much of the events buzz depended on
Sony, Microsoft and Nintendo whose interest
in the expo began to wane as the consumer
tech market has evolved over time.
However, much of the events buzz depended on
Sony, Microsoft and Nintendo whose interest
in the expo began to wane as the consumer
tech market has evolved over time.
However, much of the events buzz depended on
Sony, Microsoft and Nintendo whose interest
in the expo began to wane as the consumer
tech market has evolved over time.
The prevalence of virtual events and single-company
press conferences for major releases also helped
contribute to the fall of consumer gaming expos like E3
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Spotify Launches , Basic Streaming Plan.
The streaming company announced the new
"Basic" plan on June 21, TechCrunch reports.
It will cost $10.99 per month,
but it won't grant access to audiobooks. .
Other than that, the Premium
benefits will remain the same. .
The news comes after Spotify raised its
Premium plan price to $11.99 a few weeks ago. .
The new "Basic" plan could be the first of a few
new subscription tiers, TechCrunch reports.
Spotify is reportedly developing a "Supremium" plan at the moment which would grant access to high-fidelity audio.
According to 'Bloomberg,' that tier will
cost a minimum of $5 more each month.
The streaming giant reported a
20% revenue increase in April.
It also saw Premium subscriptions
increase by 14%.
Spotify's Q2 2024 earnings are
expected to be released on July 24
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DOJ Files Lawsuit , Against Adobe.
The U.S. Justice Department filed a lawsuit
against Adobe on June 17, TechCrunch reports.
The DOJ alleges that Adobe is deceptive because
it conceals early-termination fees and makes it difficult for customers to cancel subscriptions.
Adobe has harmed consumers by
enrolling them in its default, most
lucrative subscription plan without
clearly disclosing important plan terms, DOJ, via lawsuit.
The DOJ claims that Adobe pushes subscribers to choose its "annual paid monthly" plan and uses costly early-termination fees as a "powerful retention tool" to trap customers.
During enrollment, Adobe hides
material terms of its APM plan in fine
print and behind option textboxes and
hyperlinks, proving disclosures that are
designed to go unnoticed and that
most consumers never see, DOJ, via lawsuit.
Adobe then deters cancellations
by employing an onerous and
complicated cancellation process, DOJ, via lawsuit.
Adobe disagrees with the allegations.
Subscription services are convenient,
flexible and cost effective to allow
users to choose the plan that best fits
their needs, timeline and budget, Dana Rao, Adobe’s General Counsel and Chief Trust Officer, via statement.
Our priority is to always ensure our
customers have a positive experience. , Dana Rao, Adobe’s General Counsel and Chief Trust Officer, via statement.
We are transparent with the terms
and conditions of our subscription
agreements and have a simple
cancellation process, Dana Rao, Adobe’s General Counsel and Chief Trust Officer, via statement.
The U.S. government maintains that Adobe
has violated consumer protection laws and is
seeking "injunctive relief, civil penalties,
equitable monetary relief, as well as other relief.”
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Amazon Reaches $2 Trillion , in Stock Market Value.
On June 26, Amazon became the 5th American company to join the $2 trillion club, NPR reports. .
Amazon shares ended the day up nearly 4%, giving the company a $2.01 trillion stock market valuation. .
Within the past year,
Amazon's stock has gained 52%.
Part of that gain can be attributed
to investors' enthusiasm about the
company's AI endeavors, NPR reports. .
A big part of the valuation boost has
been cloud and AI. Amazon is going to
be a major player in the AI revolution, Dan Ives, Wedbush tech analyst, via NPR.
Amazon currently has a chatbot called Q, which businesses that use AWS have access to. .
Amazon currently has a chatbot called Q, which businesses that use AWS have access to. .
Amazon CEO Andy Jassy recently said that
AI has rejuvenated the growth of AWS.
The cloud computing unit is reportedly on pace to bring in $100 billion in annual revenue.
Amazon recently invested in Anthropic, a California
AI company, "to develop so-called foundation models
that underpin generative AI systems," NPR reports. .
Amazon also makes its own AI chips.
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia.
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