EdTech Insight – Salesforce shares tumble 20%, on pace for worst day since 2004

by EdTechMate | May 30, 2024 | CNBC, News & Insights

Executive Summary and Main Points The recent financial performance of Salesforce, a prominent cloud software vendor, indicates significant trends within the technology sector that may have implications for international education and its digital transformation....

EdTech Insight – Amazon to expand drone delivery service after clearing FAA hurdle

by EdTechMate | May 30, 2024 | CNBC, News & Insights

Executive Summary and Main Points The recent advancements in Amazon’s Prime Air drone delivery service signify a transformative step in the logistics and delivery realm, potentially reshaping the educational technology landscape. With the Federal Aviation...

EdTech Insight – Amazon Prime now includes a Grubhub food-delivery subscription

by EdTechMate | May 30, 2024 | CNBC, News & Insights

Executive Summary and Main Points Amazon’s strategic expansion into the food delivery service through an exclusive deal with Grubhub marks a notable development in the digital benefits space. By offering Prime members a permanent Grubhub membership with...

EdTech Insight – L’Oreal says it’s working on a form of bioprinted skin that can actually ‘feel’

by EdTechMate | May 30, 2024 | CNBC, News & Insights

Executive Summary and Main Points The recent advancements demonstrated by L’Oreal at the Viva Technology conference in Paris mark significant progress in the technology interface for skincare. Their initiatives on bioprinting skin that can emulate human touch...

EdTech Insight – South Korean tech conglomerate SK Inc. surges 16% after chair’s $1 billion divorce settlement

by EdTechMate | May 30, 2024 | CNBC, News & Insights

Executive Summary and Main Points In closely analyzing recent events within the South Korean technology sector, it’s evident that corporate legal disputes can significantly impact stock market performance and investor sentiment. The spotlight on SK Inc., a major...

EdTech Insight – BlackRock-backed fintech Trustly says IPO still at least one year out even as profits jump 51%

by EdTechMate | May 30, 2024 | CNBC, News & Insights

Executive Summary and Main Points Swedish fintech startup Trustly, specializing in open banking technologies, is delaying its initial public offering (IPO) despite a 51% rise in operating profit and substantial revenue gains, with $265 million reported for the 2023...