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10 things in tech you need to know today

Jan 20, 2016, 13:42 IST

House of Cards / Netflix

Good morning, here's the technology news you need to know this Wednesday.

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1. Netflix beat earnings expectations and its stock soared. It projected that it will add roughly 6 million new subscribers in the first quarter of 2016.

2. IBM also beat expectations - but its stock sank. Quarterly revenue was down 9% year-over-year. IBM has reported declining year-over-year revenue for the last 15 quarters in a row.

3. Twitter was down for many users over the course of yesterday. There were problems with the service for around 10 hours.

4. A new Amnesty International report accuses companies like Apple and Samsung of accidentally using child labour. The report focused on cobalt mines in the Democratic Republic of Congo.

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5. European startup incubator Rocket Internet has closed a $420 million (£296 million) fund. Rocket Internet startups can now draw on a cash pool of $2.3 billion (£1.6 billion.)

6. Apple is seeking permission to open retail stores in India. The Indian government confirmed that an application has been received.

7. Univision bought a controlling stake in satirical news website The Onion. The broadcaster also has a stake in Fusion.

8. Microsoft acquired a company that built a version of "Minecraft" for schools. It bought MinecraftEdu, which is used in over 7,000 classrooms.

9. Former Twitter CEO Dick Costolo is launching a new fitness startup. He wants to make fitness "fun and social."

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10. Code in Apple's latest mobile operating system shows it could be experimenting with Li-Fi technology. It's around 100 times as fast as Wi-Fi.

NOW WATCH: How to find Netflix's secret categories

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