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Daily Crunch: Swarm
Feb 02, 9:00AM
Here are some of yesterday’s stories on TechCrunch Gadgets: Swarming Robots Will Fly Menacingly Towards Your Loved Ones In Perfect Formation Mint.com Launches Android Tablet App The New Android Watch In The Google Store Isn't What You Think Review: Panasonic Lumix GX1 Back To Basics: Sony Appoints Kazuo Hirai, Ousts StringerTucows Officially Launches Ting, A More Thoughtful Wireless Carrier
Feb 02, 8:14AM
Tucows is probably best known for their slew of web services and their extensive reseller network, but CEO Elliot Noss sees room to grow in another space: mobile. After spending the past few months conducting a private beta for a hundred users, Tucows has officially opened up their Ting wireless service to all comers. The goal? To offer wireless customers "a whole different type of carrier relationship." "Big name carriers have services meant to maximize their profitability, not their service to customers," Noss told me.You Know What's Cool? $1 Billion In Profits
Feb 02, 6:57AM
We learned a lot of things about Facebook today from its IPO filing. But there is one detail that sticks out for its improbable exactness: The $1.000 billion in profits Facebook reported for 2011. The number wasn't $998 million. It wasn't $1.003 billion. It was $1.000 billion right on the dot.Little Black Bag Raises $2.75M From GRP, Chamath P., David Tisch And Others
Feb 02, 5:46AM
There is something to be said about the serendipity of shopping in a brick and mortar stores, especially when you're buying fashion. The dilemma with clothing is that you don't know what you'll like until you get to the store and are presented with an array of options, and that perfect thing you never though you'd like. Perhaps this is why people stock up sartorially in actual stores -- Part of the fun of shopping is the sense of discovery involved in finding and loving items IRL. Attempting to bring some of this spontaneity back, startups like Stylemint and Birchbox are trying to make the online shopping experience as novel as the offline. A new addition to the spontaneous online shopping club today is startup Little Black Bag, which takes off on the Japanese shopping concept of fukubukuro, or "lucky bag sale," where shoppers buy a mystery bag of fashion products and the trade those items with friends.Glassdoor Launches "Inside Connections," A Facebook-Based Job Hunting Tool
Feb 02, 5:00AM
The jobs and career community site Glassdoor is hoping to ride on the coattails of the Facebook IPO hotness with this evening's launch of a new Facebook-based product called "Inside Connections." With this new option, which is really just an enhancement to the company's website, users can sign in to Glassdoor.com using their Facebook account information and then immediately see where their friends work.Android Can No Longer Be Ignored, And The Crunchies Prove It
Feb 02, 3:03AM
While sitting at the Crunchies last night something became quite apparent: almost all the big guys — even the ones who were stubborn about it — are currently available on Android. And what do you know? They won at the Crunchies!New Everpix iPhone App Automatically Uploads Your Photos To The Cloud
Feb 02, 2:33AM
Photo organization service (and TechCrunch Disrupt finalist) Everpix just launched its first iPhone application. The app does two key things: it offers you a way to access your entire photo collection from your phone, plus it automatically uploads all your iPhone photos to the Everpix cloud.The New Android Watch In The Google Store Isn't What You Think
Feb 02, 2:21AM
I really wish this whole post could be about Google taking a big step forward in the field of wearable tech with the introduction of a new Android-powered wrist device, but their new Android watch is simply a watch with Android logos on it.Yes, We Actually Changed Our Logo To Zuck (A Facebook IPO Round Up)
Feb 02, 2:17AM
Facebook put the "sexy" in S-1 today, with its IPO filing basically DDoSing the SEC's site and eventually Scribd this afternoon. Because Facebook Wants All Two Billion Internet Users, But Growth Rates Are Slowing
Feb 02, 1:53AM
Make no mistake about Facebook's ambitions. "There are more than two billion global Internet users," its S-1 filing states, "...and we aim to connect all of them." As evidence of its ability to reach this goal, the company says that it already has some countries with above 80% penetration rates among users. The problem, as the filing also notes, is that "our rates of user and revenue growth will decline over time." A quick analysis of the worldwide monthly and daily active user counts in the document shows this phenomenon is already in full effect. From quarterly gains of above 20% for much of 2009, both monthly and daily increases fell to above 10% in 2010, and then to the single digits in 2011."Think Profit."
Feb 02, 1:35AM
When Steve Jobs took the stage at Macworld in 1998, he did something unusual. For the first time in any presentation he had ever given, he ended with a slide reading, "Oh, and one more thing..." This phrase would of course enter the Apple lexicon in the subsequent years. But what was it that was hidden behind this first "one more thing"? "Think Profit." You see, Jobs had just been named interim CEO in September 1997 after successfully pushing out the man who brought him (back) in, Gil Amelio. And he had good reason to do that: under Amelio, Apple had lost $1.04 billion in the prior year and was less than ninety days from being completely broke. Just a few months later, as he announced on stage, Jobs had the company back in black: a $45 million profit — the first profit the company had seen in more than two years.Facebook Ads Becoming (A Little) More Valuable; Mobile May Be Next
Feb 02, 1:09AM
In the S-1 filing for Facebook's IPO, the company offers a little more insight into its advertising business, which it describes as "the substantial majority" of its revenue (and that's an understatement). In 2009, advertising accounted for 98 percent of Facebook's revenue. The number declined to 95 percent in 2010 and 85 percent last year, thanks largely to the growth of revenue from payments. Advertising revenue is climbing, though that growth has slowed — it grew 69 percent in 2011, to $3.2 billion, but it grew 145 percent in 2010. What's driving the growth? Facebook's increasing traffic, which led to a 42 percent increase in ads served. Plus, the company says that the average price advertisers pay per ad increased by 18 percent, thanks to improved ad targeting capabilities and more prominent ad placements.LeVar Burton Snags @ReadingRainbow Twitter Handle To Push New Reading App
Feb 02, 12:55AM
While we nerds may best remember LeVar Burton as a VISOR-clad Starfleet officer, he also spent much of the 80s and 90s instilling in children an appreciation for reading. In fact, Burton is still stuck to the idea of encouraging childhood literacy -- he launched a new company called RRKidz this past September that's currently working on (among other things) a "disruptive" new iPad reading app. But when the time came to set up the all-important Twitter account to provide "the latest info on the upcoming relaunch of [Reading Rainbow] as an app," he found that someone had already laid claim to the @readingrainbow handle. What's more the account owner hadn't so much as made a peep in the last three years.Review: Panasonic Lumix GX1
Feb 02, 12:54AM
A return to form for Panasonic, and a M4/3 camera that photographers won't be suspicious of. Its weaknesses are largely the weaknesses of its class of camera, but beyond those it's solid, comfortable, and fairly powerful. Not recommended for fidgety and manual focusers, but most shooters will be able to have a lot of fun with it. Read on for our full review.Payments Are A $557M Business For Facebook — That Could Expand From Games To Apps
Feb 02, 12:14AM
Within Facebook's S-1, the social network revealed that its Payments business is bringing in $557 million in revenue per year. As the company explains, it currently requires Payments integration in games on Facebook. But according to the filing, Facebook is considering what could be very big moves in the payments space. >From the filing, Facebook writes that "we may seek to extend the use of Payments to other types of apps in the future." It's not specific about what these other apps are, but they could include anything that somehow uses Facebook. Dating apps, social shopping apps, news-reading apps -- who knows? The filing is meant to paint a broad picture of where Facebook is headed, and the line could just be a simple aside for potential investors. But still, any developer running payments in a way that connects to Facebook should keep it in mind.Fujifilm X-Pro1 Finally Gets Pricing: $1700, Plus $600 Each For Lenses
Feb 01, 11:55PM
Well, that's the end of that dream for me. I was really looking forward to owning one of these lovely little cameras, but Fujifilm has just gone and priced it right out of my range. Amazon has put up its pre-order pages for the camera and its lenses, and the earlier rumors were true: the camera sells for $1700 body-only, and the lenses aren't cheap, either: $600 for the 18mm and 35mm, and $650 for the 60mm macro. Damn it!ShoreTel To Acquire Cloud Communications Company M5 Networks For Up To $146 Million
Feb 01, 11:44PM
IP phone company ShoreTel has today announced that it is beefing up its offerings by acquiring unified communications company M5 Networks in a deal that is valued up to $146 million in cash and stock.Facebook's IPO: An End To All The Revenue Speculation
Feb 01, 11:33PM
Facebook just revealed its financials in preparation for its public offering. Bear with me: This means no more "leaks" of Facebook's revenue numbers to spike its valuation in secondary markets. No more banal and vague conversations about how Facebook is "killing it" at San Francisco bars. It means that I'll never have to write another one of these "Report: Blah Blah Blah" posts about Facebook revenue using this Zuckerberg dollar graphic I made for Mike.Can't Get Facebook's SEC Filing To Load? Good News, We Have It Here
Feb 01, 11:10PM
Since we were getting a little frustrated with the slow-loading, totally crashing SEC.gov website, we decided to do everyone around here a favor. We made a PDF of the filing and posted it publicly on Scribd instead. Now, there's a very good chance that this might just crash Scribd too, but for some reason, we're thinking Scribd can handle the traffic better and scale to support the extra clicks better than the SEC. (Fingers crossed). Below is the embed of the Scribd document.Art Hack Day
Feb 01, 11:01PM
This past weekend, I find myself thinking about Steve standing at the crossroads of Art and Tech, and I wonder if this is what he had in mind as I navigate down a deserted industrial street in Bushwick and hone in on a crowd of smoking hipsters. I check in on Foursquare, unlock the Warhol badge and am greeted by a roomful of projects, projectors, PBRs, minimal sub genre and some of the city's most creative technologists (to be fair, many traveled). I've arrived at Art Hackday - A 48 hour "happening" of creativity and DIY expression that ended with a public exhibition at Brooklyn gallery space 319 Scholes.If at any time you'd like to stop receiving these messages, just send an email to feeds_feedburner_com_techcrunch+unsubscribe-hmdtechnology=gmail.com@mail.feed2email.net.
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