Best 2013 April Fools Jokes on the Internet
April Fools Day, the yearly holiday that encourages playing practical jokes, pranks and hoaxes on friends, family, and now the Internet, has major brands trying to outdo themselves in tricking the Internet audience. With some very believable and not so believable announcements today, Business Review North America has found the best of the best for your April Fools Day perusal.
Today, YouTube has announced that it is finally ready to pick a winner in its long-running eight year contest to find the best video in the world. Completely underestimating the incredible response they’ve received, YouTube will stop accepting entries tonight and close the site down until 2023 in which it will reveal the winner. YouTube’s 30,000 technicians will narrow down the submissions to be reviewed by its esteemed panel, made up of distinguished film critics, YouTube celebrities and some of YouTube’s most “prolific commenters.”
Toshiba announced today its new computer featuring “instant inflation” allowing users to enjoy digital media anywhere they want it, even in the bathtub. Inflating just buy pressing CTRL + ALT and P-U-M-P, the Toshiba TubeTop offers users “mobility at its very finest,”
Virgin Atlantic Airways
Virgin Atlantic Airways announced today the launch of the world’s first glass-bottomed plane. Detailed in a blog post by Founder, Richard Branson, the glass-bottomed plane will be available for travel on Virgin Atlantic Airways’ first ever domestic service to Scotland. Branson expects this “unrivalled view of Scotland” to boost tourism to the northern UK region.
Google has announced today its new product “Google Nose” offering users a new “scentsation” in search. It’s flagship olfactory knowledge feature that will allow users to search for smells features 15 million scentibytes in its Google Aromabase. Wondering what that new car smell really smells like? Google Nose has you covered with descriptions and smells right at your fingertips.
Sony introduced yesterday its new Animalia Line of tech products for pets. With products such as the K( 4K TV, the M3-OW KittyCans and In-Cage Speakers, Sony expects its introductory line of products will entice owners of dogs, cats and hamster who are interested in enjoying media with their furry friends.
Twitter announced yesterday their plans to shift towards a two-tiered service. The first tier “Twttr” is free to the public and almost the same service, but users will only be able to type consonants. The 2nd tier is the Twitter service users and fans have come to know and love, with vowels, at a $5 monthly fee.
“We’re doing this because we believe that by eliminating vowels, we’ll encourage a more efficient and “dense” form of communication. We also see an opportunity to diversify our revenue stream,” said Twitter in an official statement.
M&A activity key lever for future tech sector growth
Despite the continuing uncertainty of the pandemic, the tech sector has witnessed soaring dealmaking activity over the past year, rocketing in the second half of 2020, with the last quarter of 2020 a record one for M&A activity, and momentum continuing into 2021.
Dealmaking in tech sector soars in past year
And the latest figures bear this out with the number of technology M&A deals totalling US$208.44bn globally in Q1 2021, according to GlobalData. While the US holds top spot both in volume of deals (1034) and total value (US$140.61bn), Europe ranked next with 649 deals (US$44.49bn) with the UK continuing its reign as Europe’s biggest M&A market with 204 deals.
In particular, megadeals – those valued at US$5bn or more – soared in 2020 representing 59% of all global technology sector deal value in 2020, up from 47% in 2019, according to the latest edition of the EY Technology Global Capital Confidence Barometer.
This tech sector trend towards megadeals is backed up by EY’s CCB data, with 16% of tech sector respondents planning to pursue transformative deals valued at US$5bn or more in the near-term.
While technology deal activity “all but stopped at the beginning of 2020 after fluctuating between historic highs and lows, companies pivoted quickly and tech M&A exploded in the second half of the year”, says Barak Ravid, EY Global TMT Leader for Strategy and Transactions.
M&A activity level for tech sector growth
Looking ahead to the future, technology executives are optimistic, with nearly half (47%) expecting profitability to fully rebound this year, according to CCB data, compared to 23% across all sectors, and with more than half (51%) planning to pursue M&A in the next year in order to sustain growth.
According to Ravid, M&A activity is increasingly becoming a key lever for growth as businesses look to recover.
“To position themselves for future revenue growth, tech companies are now adjusting their M&A strategy to focus more on a target’s business resilience, digital technology alignment and to gain market share through consolidation,” says Ravid.
However, with an increasingly competitive deal market and ongoing geopolitical tensions, the majority of tech execs expect to see more competition in the bidding process for assets over the next year, primarily from private capital.