Hot off the press: "The State of OKRs - Global Enterprise Report"

#1 Mobile World Congress canceled over coronavirus concerns

One of the world’s largest mobile phone showcase, Mobile World Congress (MWC), has been canceled due to coronavirus concerns. The GSM Association (GSMA), which organizes the show, said the event couldn’t go ahead as planned in Barcelona and many companies pulled out of the annual event. Deutsche Telekom, Facebook, Sony, Vodafone, LG, Nvidia, Amazon, Intel, and Nokia were among the high-profile exhibitors that decided to skip this year’s show, scheduled to take place between February 24th and the 27th. MWC usually attracts more than 100,000 people, about 6,000 of whom arrive from China. Read more: https://cnn.it/38rVyC6 

#2 WhatsApp reaches two billion users

Facebook’s WhatsApp messaging service announced that now it has two billion users worldwide, up from 1.5 billion in 2018. WhatsApp CEO Will Cathcart used the milestone to emphasize the importance of end-to-end encryption, adding that privacy shouldn’t “go away in modern society.” Governments in India, Australia, and the U.S. are trying to force the app into dropping encryption. Also, the platform has been used by nefarious actors to spread false information and provoke unrest. But despite the growing user base, WhatsApp is yet to make a substantial contribution to Facebook’s profit as it doesn’t charge its users any fee and is free of ads. Read more: https://tcrn.ch/31TZWas

#3 Samsung unveils new Galaxy S20 lineup

Samsung announced three flagship phones for 2020 called the Galaxy S20, S20 Plus, and S20 Ultra. The phones have powerful hardware and share features such as 5G connectivity and screens with a higher, 120 Hz refresh rate. In addition to a wide-angle, telephoto, and ultrawide cameras, the S20 Plus and the S20 Ultra are also equipped with a time-of-flight camera that measures depth for AR apps. Compared to last year’s Galaxy S10, the new devices have more storage, shoot 8K video, and run the second generation of Samsung’s One UI. All this power doesn’t come cheap. The S20 model will cost $1,000, while S20 Plus and S20 Ultra start at $1,200 and $1,400, respectively. Read more: https://cnet.co/39yg6Ji

#4 Ramp raises $25 million as it takes on the corporate credit cards market

Ramp, a New York-based fintech startup, has raised $25 million in a round led by Founders Fund, BoxGroup, Coatue, and Conversion Capital, among others. The company declined to disclose its valuation, but the number is reportedly well below $1 billion. Nearly 100 businesses signed up for Ramp’s corporate card that aims to compete with the likes of American Express. But unlike traditional credit card companies, Ramp is trying to help cardholders spend less money by analyzing their spending habits and finding cost-saving opportunities. And although Ramp’s revenue will be reduced accordingly, the startup plans to make up for lower margins with scale, convincing more companies to sign up for its service. Read more: http://bit.ly/38pSl6h

#5 Microsoft reveals more details about its Wonder Bar

Microsoft has revealed more details about the Wonder Bar, a touch bar that will be built into its latest dual-screen devices powered by the Windows 10X operating system. The bar will, among other things, act as a virtual trackpad for precise mouse movements and serve as a home for system shortcuts. Apps using CompactOverlayView for always-on-top mini views will automatically be placed into the Wonder Bar, according to a Microsoft blog post. Apple’s Touch Bar is getting some competition from Microsoft. Read more: https://cnet.co/2HkV7Oj

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