Morning Beat: GoPro Inc (GPRO), Amazon.com, Inc. (AMZN), and Alphabet Inc (GOOGL)
GoPro Inc (NASDAQ:GPRO) has launched a new virtual reality video platform that is relatively cheap compared to the 16-camera Odyssey rig that goes for $15,000. The new six-camera Omni setup will retail for $5,000.
The $5,000 Omni setup will come with six Hero4 Black Cameras that support the cube-shaped system. GoPro Inc (NASDAQ:GPRO) will also provide users the necessary hardware and software needed to create 360-degree videos. Developers who already have six GoPro cameras will only have to $1,500 to use the platform.
GoPro has also launched a new platform for sharing 360-degree videos. GoPro VR is the new platform that is available as an app for both Android and iOS devices.
Amazon.com, Inc. (NASDAQ:AMZN)’s Prime Video service is now available as a standalone service. The repositioned streaming service will cost $8.99 a month. The move is a clear attempt by the e-commerce giant to take Netflix, Inc. (NASDAQ:NFLX) head on, which continues to lead the way on video streaming.
Amazon.com, Inc. (NASDAQ:AMZN) has also introduced a new option for Prime Video that will go for $10.99 a month. Prior to the new changes, Amazon Prime Video was available as part of Amazon Prime package that goes for $99 a year.
The new offering comes at a time when Netflix is planning to implement price hikes that will affect many of its longtime members. Starting May, customers currently paying $7.99, will have to pay $9.99 a, month to access content on the network.
Alphabet Inc (NASDAQ:GOOGL) has expanded its free Wi-Fi program to cover nine new railway stations in India. First launched at Mumbai’s Central Station, the program now expands to Opal, Bhubaneswar, Ernakulam Junction, Kacheguda, Pune, Raipur, Ranchi, Vijayawada, and Vishakhapatnam stations.
Alphabet Inc (NASDAQ:GOOGL) expects more than 1.5 million people to access the web at the stations, at no extra charge. By the end of the year, the tech giant plans to make the program available in 90 new locations as it targets 300 more as part of the bigger plan.
The Free Wi-Fi initiative is part of an effort that seeks to bring more people online where Google hopes to sell to them, other products.
Alibaba Group Holding Ltd (NYSE:BABA) has yet again reaffirmed its commitment to pursuing growth opportunities on online-to-offline services with a $1.25 billion in Ele.me. The e-commerce giant is to pay $900 million for stakes in the company with its financial arm Ant Financial paying the remaining amount.
Ele.me is a leading food delivery service based in Shanghai. The company is to continue operating as an independent entity even on Alibaba vice chair Joe Tsai joining its board. The acquisition should help the e-commerce giant bolster its efforts in the restaurant business as it already has in its ranks Koubei, a venture that offers restaurant promotions via mobile.
Alibaba Group Holding Ltd (NYSE:BABA) has plenty of cash on its hand, which should lead to more acquisitions as it continues to diversify its areas of operations.
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