TC Roundup: Google Is Developing Its Own Uber Competitor

3 Feb, 2015

Google Is Developing Its Own Uber Competitor: Uber faces an ever-growing cast of adversaries that includes dubious regulators, litigious drivers, hostile members of the press, and some well-funded rivals. But the most significant threat to the app-based transportation company may be much closer to home: one of its biggest investors, Google. (Bloomberg)

Netflix raising $1.5B in debt to invest big in content acquisitions and more: As streaming video competition continues to grow between Netflix, Amazon, Google, Facebook and others, one of the leaders of the pack is planning to invest big in content acquisitions and investments to stay up front. Netflix today said it plans to offer $1 billion $1.5 billion in senior notes and plans to use the proceeds for "general corporate purposes, which may include content acquisitions, capital expenditures, investments, working capital and potential acquisitions and strategic transactions." (Techcrunch)

Apple announces $2B global command center in Arizona: Apple will invest $2 billion to build up a data center in Mesa, Arizona, the company announced Monday.


The new facility—which will serve as a command center for the company's global networks—is expected to employ 150 full-time Apple employees and will hire 300 to 500 construction and trade jobs, according to a news release from Arizona Gov. Doug Ducey. The tech giant said it would be one of the largest investments it has ever made. (CNBC)

China now has 557M mobile internet users, claims the government: The China Internet Network Information Center (CNNIC), a government organization, has released its latest report on Internet usage (link via Google Translate). It claims mobile Internet users reached 557 million as of December 2014, a growth of 11.4 percent from the year before. (Techcrunch)