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Facebook Rolls Out Its Neighborhoods Feature in Four Cities

Facebook tested “Neighborhoods” in Canada and is now rolling it out in four U.S. cities: Baton Rouge, Louisiana; Charlotte, North Carolina; Newark, New Jersey; and San Diego, California. The new feature will be playing catch-up with similar social apps, including Nextdoor (which had 50 percent annual growth in daily active users last year), Amazon’s Neighbors by Ring, and crime-tracking app Citizen. Facebook’s Neighborhoods, which asks the user to introduce himself and list interests, aims to personalize the user’s experiences and ads. Read more

Steven Spielberg and Netflix Sign Multi-Year Filmmaking Deal

Influential and commercially successful filmmaker Steven Spielberg signed a multi-year deal with streaming service Netflix to make new films under the aegis of his Amblin Partners studio. Spielberg still retains his long-term relationship with Comcast’s Universal Pictures, where Amblin Partners is based. The deal is a win for Netflix, which faces increasing competition from new streaming services including Disney+, HBO Max and Amazon, which is acquiring the MGM movie and television studio with its James Bond franchise in a deal worth $8.45 billion. Read more

Industry Lures Moviegoers with Special Deals and Screenings

As pandemic rules evolve and movie theaters reopen across the U.S., theater owners in North America with studios and other companies unveiled Cinema Week, a six-day event offering deals for food and drink and advance film screenings. Studios are on track to release major titles, having already unveiled “Godzilla vs. Kong” and “A Quiet Place Part II” to some success. Still, sales are lagging, with Comscore reporting that movies grossed $57 million in the U.S. and Canada last weekend, down 58 percent from the same period in 2019. Special screenings and an array of promotional deals aim to help turn things around. Read more

Laptops Embrace Smartphone Tech in Wake of the Pandemic

According to IDC, although computer sales have been decreasing for the past decade, during the COVID-19 pandemic PC sales shot up 50 percent or more per quarter compared with the previous year. As a result, laptop manufacturers are now integrating technologies once reserved for smartphones, including powerful processors, higher-resolution displays, and increased battery life. New designs such as tablets that snap onto keyboards (detachables) and thin laptops with 360-degree hinges that fold into tablet form are also emerging. Read more

TSMC Semiconductor Dominance Imperils Global Electronics

With its chips in billions of products, Taiwan Semiconductor Manufacturing Company (TSMC) is the world’s most dominant chipmaker and, with a market cap of about $550 billion, is also the world’s 11th most valuable company. According to research firm TrendForce, Taiwan generated about 65 percent of global revenues for outsourced chipmaking, with TSMC accounting for 56 percent of that figure. Capital Economics — and other analysts — opined that the world’s dependence on Taiwanese chips is “a threat to the global economy.” Read more

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