Mon. 11/12 - What Exactly Is TikTok?

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 12 November 2018

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

SAP buys Qualtrics, the Galaxy S10 might be coming in February and the Galaxy F might be coming in March, what exactly is TikTok and why you should care, and Jony Ive has an exclusive new product design. Links: SAP to buy Qualtrics for $8 billion (Axios) How One Family Built $8 Billion Startup Far From Silicon Valley (Bloomberg) Samsung Electronics to release first foldable smartphone in March: sources (Yonhap News Agency) Snap’s former No. 2 exec Imran Khan is building an online shopping startup (ReCode) Facebook quietly launches a TikTok competitor app called Lasso (The Verge) A Guide to TikTok for Anyone Who Isn’t a Teen (Slate) Netflix to Test Lower-Price Plans as It Seeks More Asian Users (Bloomberg) At Netflix, Who Wins When It’s Hollywood vs. the Algorithm? (WSJ) Jony Ive’s latest design is the ultimate diamond ring – made only of diamond … (9to5Mac) The Fading Battlefields of World War I (The Atlantic) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Mem Ride Home for Monday, November 12th, 2018. I'm Brian McCullough.
0:09.0	Today, SAP buys Qualrix, the Galaxy S10 might be coming in February, and the Galaxy F might be coming
0:16.5	in March, what exactly is Tik-Toc and why you should care, and Johnny Ive has an exclusive new product design. Here's what you
0:24.8	miss today in the world of tech.
0:28.8	Dan Pramack at Axios reported late last night that SAP is buying user experience
0:36.4	management platform Qualrix, which was already planning an IPO later this month.
0:46.3	The purchase price was apparently $8 billion all in cash.
0:56.3	I always find it adorable how Axios frames their stories, so let me quote using their framing. Why it matters. This would be the largest ever purchase of a VC-backed enterprise software company and the third largest sale of
1:00.4	any SAS company behind Oracle buying Net Suite for 9.3 billion and SAP buying
1:07.0	Concour for 8.3 billion end quote.
1:10.7	Apparently the Qualrix IPO was already oversubscribed and it looked like if the IPO did go through it was probably going to achieve a valuation of $5 billion.
1:21.0	So at $8 billion, SAP had to pay up considerably to head the
1:26.1	IPO off at the pass. Qualtrix had raised 450 million dollars in VC funding
1:32.2	over its lifetime most recently at a $2.5 billion valuation.
1:37.3	The company claims it has been cash flow positive for 16 years, and Bloomberg has a helpful profile up of Qualrix. It's one of those
1:46.9	inspiring entrepreneurial stories. Ryan and Jared Smith are the brothers behind the
1:51.6	company which they founded in their parents
1:53.2	basement in Utah. In broad strokes the company helps companies survey their
1:58.1	customers. But quoting Bloomberg, Qualrix's approach is based on what it calls experience management or XM according to Sequoia's Shrier.
2:08.6	That involves analyzing every aspect of the customer experience to drive loyalty and referrals which it deems crucial at a time
2:14.7	when social media gives individuals more power than ever to speak out."
2:18.6	The Smiths resisted taking on any venture capital for many years and CEO Ryan Smith once
	...

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