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Jan 28, 7:29AM
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Alibaba Group affiliate Ant Financial Services has unveiled a new credit-scoring system that uses data from the e-commerce giant’s sites to gauge users’ creditworthiness. Dubbed Sesame Credit, the new service is an example of how Alibaba’s reach in China goes far beyond online shopping.
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Jan 28, 1:42AM
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U.S. Senator Al Franken today sent another letter to Uber’s Travis Kalanick, probing the embattled CEO to provide more information about the company’s privacy policies. Franken, a Minnesota Democrat, first contacted Kalanick about the car service’s policies in November. The inquiry came after BuzzFeed reported that an Uber executive suggested the company would intimidate…
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Jan 28, 1:08AM
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YC-backed Omniref gave its code annotation and reference platform a big boost this week with the addition of support for JavaScript, the popular programming language used to make interactive browser-based apps and backend server code using libraries like Node.js.
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Jan 28, 12:01AM
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TechCrunch went hands-on with Windows 10 to show you the best of the latest build of Microsoft’s new operating system. To make it extra pure, we put Windows 10 through its paces on a Surface Pro 3. Windows 10 is Microsoft’s effort to build an operating system that can run on any screen size and accept various modes of input depending on where it is deployed. In the video, keep an…
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Jan 28, 12:01AM
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London’s crowded startup accelerator scene is getting a new addition. Not fintech-related, this time — rather the focus is cyber security. The Cyber London (CyLon for short) 12-week program, has been co-founded by Alex van Someren of VC firm Amadeus Capital Partners, along with Jonathan Luff and Grace Cassy, co-founders of strategic technology consultancy Epsilon Advisory Partners.
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Jan 27, 11:25PM
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Yahoo CEO Marissa Mayer has been talking for a while now about how mobile, video, native advertising, and social are the company’s key growth areas. Now she’s come up with an interesting way to refer to them — MaVeNS. I don’t know how you feel, but personally, I’m not convinced that it’s, um, the best acronym ever. I mean, the unusual capitalization is…
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Jan 27, 11:16PM
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While programmatic ads continue to reshape the web advertising landscape, the market for advertising at public events still lags behind. HelloSponsor, which just launched after going through AngelPad’s accelerator, is looking to modernize event sponsorship for brands by simplifying the experience and building up metrics so that they can measure the impact of their campaigns.
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Jan 27, 11:07PM
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Amazon has been unsurprisingly reticent about sharing data about their Kindle Unlimited program, a subscription system that lets you download ostensibly free ebooks, mostly from Indie authors. Nielsen research is showing that users who subscribed to Kindle Unlimited spend more on books in general, on a monthly basis, than those who do not. Nate Hoffelder has done a bit of analysis and saw…
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Jan 27, 10:12PM
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The Apple Watch will start shipping in April to consumers, according to Apple CEO Tim Cook, who revealed that month as the expected target launch date for the company on Apple’s Q1 2015 earnings call. The timeframe for launch was described as “early 2015″ when the Apple Watch was originally announced in September of last year. The Apple Watch release date has been the subject…
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Jan 27, 10:11PM
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Apple had a pretty good quarter. And by “pretty good”, I mean it was the biggest quarter in history. And not just for Apple. For any company. Ever.
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Jan 27, 10:05PM
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Apple Q1 earnings have been a record-breaker for iPhone sales, and Apple is also hitting a high in another area: China. Today the company reported sales of $16.144 billion in the country, up 157% on Q4 and 70% on a year ago. Elsewhere outside of the U.S., Apple reported revenues of $17.2 billion in Europe (up 20% on a year ago); $5.4b in Japan (up 8%) and $5.2 billion in the rest of Asia…
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Jan 27, 10:00PM
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If 2014 was the year that robo advisors came of age, then we’ll probably look back at 2015 as the year the traditional asset management industry fought back. Is this move going to be the death of Wealthfront, Personal Capital, Betterment and the rest of the robos? Will the new entrants with their mix of low fees, great online tools and portfolios of ETFs that automatically rebalance be…
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Jan 27, 9:43PM
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Today, Microsoft shed tens of billions of dollars in value, after its earnings failed to impress the investing classes. Microsoft closed down 9.25 percent in regular trading. The company’s shares slipped after-hours yesterday by several points in the immediate aftermath of the report, which indicated that Microsoft had earned $0.71 per share on revenue of $26.5 billion. The latter…
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Jan 27, 9:39PM
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Apple sold 5.5 million Macs over the holiday quarter (ending December 28), according to the company’s Q1 2015 earnings report released today. Analysts estimated that Apple would sell 5.68 million Macs this quarter, putting the electronics maker just under estimates but still showing growth YOY. With this past quarter’s 5.5 million units sold, Apple totally flat in the category from…
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Jan 27, 9:33PM
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Apple has just released its fiscal Q1 2015 earnings, reporting $74.6 billion in revenue, $18 billion in net profit representing $3.06 per share. This is the largest corporate quarterly earnings of all time, above Gazprom, Royal Dutch Shell and ExxonMobil. Compared to the year-ago quarter, it corresponds to a growth of 29.5 percent in revenue, and 47.8 percent in EPS (adjusted for the…
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Jan 27, 9:33PM
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The iPhone 6 and 6 Plus have helped Apple sell an astounding 74.5 million iPhones during the first quarter of the company’s fiscal 2015 year. That’s more iPhones than they’ve ever sold during a single quarter, up from the previous record of 51 million iPhone sales reported during the same time last year, and above the consensus estimate of around 67 million per Wall…
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Jan 27, 9:18PM
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Today Yahoo reported its fourth-quarter financial performance, including revenue excluding the cost of acquiring traffic of $1.179 billion, and non-GAAP earnings per share of $0.30. The market had expected the company to report $1.19 billion in revenue, and non-GAAP earnings of $0.29 per share. Yahoo also announced that it plans to spin its remaining stake in Alibaba out into a new company.…
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Jan 27, 9:17PM
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In addition to releasing its (mixed) fourth-quarter earnings report, Yahoo just announced its plan to spin off its stake in Alibaba into a new company, currently dubbed “SpinCo.” The new company will own all of Yahoo’s 384 million remaining shares in Alibaba, valued at $40 billion. The spin off will be tax-free, which had been predicted and was one of the main concerns of…
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Jan 27, 8:00PM
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Here is one more nail in Flash’s coffin: starting today, YouTube defaults to using HTML5 video on all modern browsers, including Chrome, IE 11, Safari 8 and the beta versions of Firefox. YouTube first introduced HTML5 support back in 2010. At the time it was still highly experimental. Over the years, as the HTML5 standard — and with it, its video implementation — matured,…
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Jan 27, 8:00PM
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Startups in a world of massive markets can be confusing. The law of large numbers; platforms that can make your company blow up unexpectedly and the trendy nature of tech markets are deceiving. Success for many is ephemeral.
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