Jeffrey Katzenberg’s short-form video streaming service Quibi has only managed to keep around 8% of users who signed up for a three-month free trial as that promotion ended earlier this week, according to Sensor Tower. According to the analytics firm, about 910,000 users signed up for Quibi in early April and about 72,000 remained after the free trial ended Monday. Quibi came to market in early...
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The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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