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India's Snapdeal Snaps Up $627M Led By SoftBank To Supercharge Its Marketplace
Oct 28, 2:59AM
A big day for e-commerce startups in India, and a double boom for Japan’s SoftBank. Snapdeal, founded four years ago as a marketplace for third party retailers in India to sell goods online, has raised an additional $627 million from SoftBank Internet and Media to continue building out its business in the country, both organically and through acquisitions. It’s thought to be… Read More
Kim Kardashian West On Oversharing, Adopting New Platforms, And BlackBerry
Oct 28, 12:19AM
If you told a random member of the tech media a year ago that one of the biggest names interviewed by Kara Swisher at her own conference in 2014 would be Kim Kardashian West, you’d probably receive a dumb look and a quick dismissal. Yet that’s exactly what happened at today’s Code/Mobile conference, where the reality TV and social media star reflected on the role of mobile… Read More
Wealthfront Closes A Big New Round As Competitors Crowd The Wealth Management Market
Oct 27, 11:54PM
The automated wealth management firms (known as “robo-advisors”) that are bringing algorithmically enhanced services to the stodgy world of retirement planning are gearing up to go Terminator as competition intensifies. In what’s sure to be the first shot in a salvo of big new rounds for these (no-longer) startups, Palo Alto, Calif.-based Wealthfront has raised roughly $70… Read More
Twitter's Next Targets For Monetization Are Logged-Out And Casual Visitors
Oct 27, 10:53PM
Twitter reported 284 million average monthly active users in its Q3 earnings today, but with growth down over the last month, the company diverted attention away from MAUs during its call by focusing on another, much bigger number: that of Twitter visitors who are either “logged out” or not registered at all. “Are they monetiseable?” CTO Anthony Noto rhetorically asked. Read More
Nextbit Unveils A Dead-Simple Way To Sync, Store Data Across Multiple Mobile Apps, Devices
Oct 27, 10:48PM
The last time I talked to Nextbit, they had raised $18 million from Accel Partners and Google Ventures and had put together a veteran team made out of early Android folk who helped build Google’s mobile OS into what it is today. But they refused to share anything about what they were working on. Now after building up a team of 22 people from Android, HTC and Dropbox, they’re willing… Read More
Twitter Has No Short-Term Plans To Monetize Vine
Oct 27, 10:22PM
Twitter has no short-term plans to monetize Vine, a social product that it purchased in its infancy. The information was shared during the company’s earnings call, following a quarterly financial report that included stronger-than-expected third-quarter performance but soft guidance and user growth that investors found troubling. Twitter is down more than 10 percent in after-hours trading. Read More
This Is What The Apple Watch Interface Looks Like On An iPhone
Oct 27, 9:02PM
Ever since Apple announced the Apple Watch, it’s been easy to let the imagination wander a bit. It’s the first product out of Apple in a long time, perhaps since the iPhone, that feels truly exciting and new. Much of that is thanks to the user interface, which has a very distinct look from the UIs of the iPhone, iPad or even Macs. YouTuber Lucas Menge has also been inspired to… Read More
Twitter Beats In Q3 With Revenue Of $361M, But Slowing User Growth Drags Its Shares Down 8%
Oct 27, 8:16PM
Following the bell, Twitter reported its third-quarter financial performance, including revenue of $361 million and earnings per share, on a non-GAAP basis, of $0.01. The street had expected Twitter to report adjusted profit of $0.01 per share on revenue on $351.35 million. Twitter, which broke from the market by falling nearly 3 percent in regular trading, is down sharply following its… Read More
So-Called "Twitter Tax Break" Netted City More In Mid-Market Tax Revenue
Oct 27, 8:10PM
In hindsight, it was one of the more controversial decisions the city has made in years. Back in 2011, on a quiet threat that Twitter would leave the city and decamp for nearby Brisbane or South San Francisco, the city decided to offer a temporary exemption on it 1.5 percent payroll tax to entice companies to move into a set of very specific buildings in Mid-Market. For decades, that area had… Read More
Apple's ConnectED Program Participation Brings Macs, iPads And More To Underserved Schools
Oct 27, 7:51PM
Apple’s $100 million commitment to President Obama’s ConnectED program has resulted in Macs, Apple TV, and iPads being introduced to 114 schools, the bulk of which cater to students who qualify for free or discount lunch programs, meaning the investment is overwhelmingly going to school boards that wouldn’t necessarily be able to supply their own Macs or iPads for teachers… Read More
Automatic Launches License+, A Coaching Program For Teen Drivers And Their Parents
Oct 27, 7:12PM
The first few months — or years, really – of being a new driver can be a nerve-wracking experience for teens and, of course, their parents. Young drivers are still developing their skills, and likely to make mistakes not only related to how few road hours they’ve logged, but because their brains aren’t even fully developed – meaning they’re more likely to… Read More
Buffer Wants To Raise $3.5M At A $60M Valuation — Here's The Term Sheet
Oct 27, 6:56PM
Buffer, a social media management company, is raising a $3.5 million Series A round of capital. Most of the money will go to its founders and some early employees. $1 million of the total will be afforded to operations. To date, Buffer has raised $400,000. Buffer, which has monthly revenue of just under $400,000, is profitable. The company wants to have enough cash in the bank to survive any… Read More
Credorax Raises $40 Million To Become A Payment Acquirer For The Internet Age
Oct 27, 6:35PM
Managing the arcane arts of processing transactions for online purchases is a complicated job. Once a shopper enters the numbers on their card, the expiration date on their credit card, and their zip code, a complicated machinery of transaction processors springs into action representing both buyer, seller, and processing network in a matter of seconds. Until now, most of the infrastructure… Read More
Twitter Becomes Its Own Second Screen With Dockable Videos That Play While You Browse
Oct 27, 6:05PM
You could call it Picture-In-Twitter. Last week Twitter launched its dockable audio Card, and similar functionality is appearing for video so you can keep watching clips as you browse Twitter on iOS and Android. As demonstrated by a Call Of Duty tweet I spotted, the Twitter Player card lets you view a video full-screen or tap to dock it to the bottom of the screen so it continues playing as… Read More
Facebook Keeps Top Spot For Social Referrals, Twitter Drops Further Behind Pinterest
Oct 27, 6:03PM
Twitter confounded expectations last quarter when it reported healthy revenue and good user growth numbers; now all eyes will be on its Q3 earnings later today to see if they repeat the beat. But as the social network continues to build out its business as a platform — as a medium not just for people to Tweet about their annoying commute to work, but as a place for people to… Read More
Robin Labs Launches Less.Mail, An A.I.-Based Assistant That Responds To Emails For You
Oct 27, 5:17PM
A new A.I.-based application for Android users called Less.Mail wants to make it easier for you to work through a crowded inbox, handling routine email responses by way of automatic replies based on the mobile assistant’s understanding of the original email’s context. All users need to do is tell the app if they want to accept or reject the email sender’s invitation,… Read More
Alpine Ships A New 7″ CarPlay-Capable Deck, But It'll Cost You $800
Oct 27, 5:16PM
Alpine has a new way to get Apple’s CarPlay in your vehicle of choice: The iLX-007. The new aftermarket entertainment deck supports Apple’s in-car software solution, which translates some of the functions of your iPhone into a format more palatable for use on the road, including Maps, Phone, Message, Music and CarPlay-enabled apps like the recently-updated Rdio. CarPlay is… Read More
The Media Nuke That Is TechCrunch Disrupt
Oct 27, 5:04PM
I told you so. For the last few months in the run-up to TechCrunch Disrupt in London last week, I’d been telling everyone I knew in Europe that what we were bringing would be a different type of event to this global city. The first aspect of this was that, unlike 99% of conferences out there, no-one appearing on stage at Disrupt remains unchallenged about what they say. We rack up our… Read More
ZenHub Helps Engineering Teams Manage Their GitHub Projects
Oct 27, 5:00PM
GitHub is now popular enough for other companies to start building services around it. One of the latest projects that aims to make working with GitHub faster and easier is ZenHub. With ZenHub, teams get a project management service that is deeply integrated with GitHub and provides them with Trello-like drag-and-drop task boards, easy uploads for any type of file (GitHub’s interface… Read More
Microsoft Adds Unlimited OneDrive Storage To All Office 365 Accounts
Oct 27, 4:59PM
This morning, Microsoft announced that all Office 365 accounts will come with unlimited OneDrive storage. Gone are the 1 terabyte caps that were recently introduced. If you pay for Office, your storage is free. It’s a good, if not surprising, move from Microsoft: The company has worked to improve the value profile of its Office 365, productivity-as-a-service offering for some time.… Read More
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