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'Pokemon Go' maker Niantic to lay off 230 workers

CEO John Hanke said that Niantic had allowed expenses to grow faster than revenue.

John-hanke , Niantic-inc , Article-normal , Videogame , Pokemongo , Computers-consumer-electronics , Software , Applications-software , Consumer-goods , Computing , Games-software , Leisure-travel-goods

Detailed text transcripts for TV channel - CNN - 20161231:10:52:00

samsung had a massive recall to deal with the worst feature of the galaxy note 7 catching fire. at first, it seemed like a manageable issue. two weeks later it was like, if you have a samsung galaxy phone, get off the plane now. >> don't surprise me with a fire in my pants. that's what my doctor always says. >> the best example of a first world problem, all the complaints about the new iphone with no head phone jack. >> i got the new iphone 7 right here. there's though head phone jack and it wasn't bothered me once. >> best game played on a phone? pokemongo. with more than 500 million downloads. >> i did not play pokemongo. i sat on the sidelines and mocked people who were walking into walls because they were playing it. >> virtual reality took a leap forward with newer easier to use hard wear. >> that blew my mind. then there's the porn ones. i haven't tried the porn ones

Point , Phone , Issue , Galaxy-note , Feature , Recall , Plane , Catching-fire , Samsung , Don-t , Samsung-galaxy , Two

Detailed text transcripts for TV channel - CNN - 20161228:05:52:00

i like to have control of the wheel for myself. >> we've got cell phones that explode and now they want to go to self-driving cars? i think that's a leap, future. take your time. >> fair point. samsung had a massive recall to deal with the worst feature of the galaxy note 7, catching fire. at first it seemed a manageable issue. >> then two weeks later it was like, if you have a samsung galaxy phone get off the plane now! >> don't surprise me with a fire in my pants. that's what my doctor always says. >> reporter: best example of a first-world problem, all the complaints about the new iphone with no headphone jack. >> i got the new iphone 7 right here. there's no headphone jack. and it hasn'tothered me once. >> reporter: best game pyed on a phone, pokemongo. with more than a half billion downloads. >> i did not play pokemon go. i sat on the sidelines, and i mocked people who were just walking into walls because they were playing it. >> reporter: virtual reality took a leap forward with newer,

Point , Samsung-galaxy-j3 , Leap , Self-driving-cars , Cell-phones , Control , Wheel , Feature , Recall , Phone , Issue , Fire