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Xiaomi secures $1B loan to expand its international presence and offline retail footprint
Jul 28, 3:51AM
Chinese smartphone maker Xiaomi has secured a $1 billion loan in order to develop its international focus and build out its offline sales presence. The company revealed today that it has secured a three-year syndicated loan agreement from 18 banks across Europe, Middle East, India, China, Hong Kong and Taiwan. Deutsche Bank and Morgan Stanley served as joint global coordinator, with Bank… Read MoreSpaceX's very first Falcon Heavy launch set for this November
Jul 28, 3:00AM
Falcon Heavy, the high-capacity rocket created by SpaceX designed for bringing very large loads to orbit and beyond, will get its first launch this coming November, according to SpaceX founder and CEO Elon Musk. Musk shared the news on Instagram on Thursday, posting an image of a concept depiction of the rocket’s launch alongside the target date. The Falcon Heavy uses the combined power… Read MoreCrunch Report | Jeff Bezos Becomes World's Richest Person*
Jul 28, 3:00AM
Jeff Bezos becomes the richest man on earth, CEO of Kickstarter is looking to step down this year, Apple is discontinuing the iPod Shuffle and Nano and Cristiano Ronaldo is getting more involved in tech. All this on Crunch Report. Read More
Meg Whitman says she's not going to Uber
Jul 28, 2:24AM
Hewlett Packard Enterprise CEO Meg Whitman wants everyone to know that’s not going to Uber. Bloomberg and Recode had reported that she was on the short list for the CEO spot, but she took to Twitter to make it clear that it’s not happening. In a three-part tweet, she concluded that the “rumors” have “become a distraction,” so she wants everyone to know… Read MoreRedfin real estate site prices IPO at $15, valuing company at $1.2 billion
Jul 28, 1:57AM
Redfin, the real estate site based in Seattle, has finally raised its IPO. Founded in 2004, this was 13 years in the making. Despite an ugly patent lawsuit from a former co-founder over one of Redfin’s pending patent applications — one filed just this Monday — the company priced above the $12 to $14 range, at $15 per share, a number that values the company at $1.2 billion.… Read MoreMattress startup Purple merges with NY shell company in $1.1 billion deal
Jul 28, 1:40AM
Purple, a Utah-based mattress startup announced today it will merge with Global Partner Acquisition Corp (GPAC) in a deal that would value the company at $1.1 billion. Purple was already well on its way to that valuation when we got to take a sneak peek at operations at the company’s headquarters in the small town of Alpine, Utah and its giant factory an hour away in rural… Read MoreAltspaceVR social app is shutting down
Jul 28, 1:33AM
Social VR app AltspaceVR is shutting down its main service after running out of cash, saying it “can’t afford to keep the virtual lights on anymore.” The app was one of the first VR social experiences to gain traction and was available across a variety of platforms. In a blog post titled “A Very Sad Goodbye,” the company detailed that the social VR community will… Read MoreFacebook's Instant Articles restore subscription options they previously stripped
Jul 28, 1:07AM
Facebook has announced that news sites which rely on paid subscriptions, limiting readers to a certain number of articles per week, will now be able to do so through Instant Articles. The company has spent the last two years promoting these Facebook-hosted versions of articles, which unfortunately lacked this rather critical ability. Google’s AMP and Apple News have supported it for a while. Read Morei.am+ buys Wink, the smart home hub previously owned by Flextronics and Quirky
Jul 28, 12:38AM
Wink — the smart home hub and platform originally incubated inside the failed connected object maker Quirky, and then acquired by Flextronics (now known as Flex) as part-payment for Quirky’s debts — has moved on to its third owner. i.am+, the “lifestyle technology company” owned by musician and entrepreneur Will.i.am, has acquired the company for an… Read MoreDropbox is reportedly inching closer to a potential IPO
Jul 27, 11:20PM
Dropbox may be taking another step in its very slow shuffle toward an IPO, and is now working with Goldman Sachs to prepare documents that could be filed as soon as this year, according to a report by Bloomberg. The company is expected to hire Goldman Sachs as the lead advisor of the IPO process, according to the report. Read MoreAmazon launches 'The Hub', parcel delivery lockers for apartment buildings
Jul 27, 11:15PM
Amazon may be getting ever deeper into a range of virtual products like media content and cloud services, but it is also continuing to add more features to lock down the bread and butter of its business: its e-commerce marketplace and the vast logistics operation that underpins it. Today, Amazon quietly unveiled a new service called The Hub, lockers designed to be installed in multi-tenant… Read MoreGoogle's cord cutter app YouTube TV reaches 2 million downloads
Jul 27, 11:09PM
Approximately 2 million people have installed the YouTube TV app, Google’s live TV service aimed at a younger generation of cord cutters, as well as those who never signed up for traditional pay TV in the first place. That download figure comes from app store analytics firms Sensor Tower and App Annie, which both also noted that installs are evenly split between iOS and Android devices. Read MoreThe evolution of the iPod
Jul 27, 9:53PM
Earlier today, Apple announced that it’s finally discontinuing the iPod nano and shuffle once and for all, making the touch the last iPod standing. Instead of simply mourning the loss of the devices, let’s celebrate the rich and full existences they led before shuffling off this mortal coil into the cold, unforgiving world of eBay auctions. Read MoreWhen your fear is my opportunity
Jul 27, 9:51PM
I’m not saying the people around me here at Black Hat are malicious, or that the threats aren’t real. I’m saying that the industry, and everyone it, is strongly incentivized to make its customers and the wider world as frightened as possible, and people tend to follow the path of most incentivization, consciously or not, reluctantly or not. The security industry is the… Read MoreIt looks like Amazon would be losing a lot of money if not for AWS
Jul 27, 9:26PM
Amazon reported its second-quarter earnings today, and it was a bit of a whiff — and a bummer for Jeff Bezos, who is now no longer the solar system’s richest human and has been relegated to the unfortunate position of second-richest human. Read MoreHigh Times weed magazine goes public but ditches IPO
Jul 27, 9:12PM
IPO? How about HighPO? The 43-year-old marijuana media brand High Times has found a shortcut to going public: It sold itself to an already public shell company, of which High Times share holders then got an 83 percent stake. Read MoreJeff Bezos' brief stint as world's richest human ends with Amazon's second-quarter whiff
Jul 27, 8:19PM
Amazon reported its earnings today, wherein a whiff in earnings sent the stock down around 3 percent and brought CEO Jeff Bezos back to reality as the, once again, second-richest human in the known solar system. In all seriousness though, the company appears to once again be squeezing out a very small profit on top of its mammoth retail operations. Read MoreIntel beats earnings expectations as it manages to maintain growth in its Data Center Group
Jul 27, 8:14PM
Intel declared $14.8 billion in revenue this afternoon and earnings per share of 72 cents. This represents a solid beat as analysts had expected revenues of $14.41 billion and EPS of 68 cents. The company’s stock finished up 22 cents and 0.63 percent to $34.97 per share in regular trading. In the moments after the company released its earnings, Intel’s stock shot up 3.43 percent. Read MoreSomeone made the 'Take On Me' music video come to life with AR and it's glorious
Jul 27, 8:02PM
Pack it on up, everyone — someone just won ARKit. We’ve seen lots of fun stuff made with ARKit already, but this one… this one is something special. Read MoreThe AR thirst is real, please @ me
Jul 27, 7:48PM
Game developer Chip Sineni of TRIXI studios created a clever AR experiment based on A-Ha’s seminal video for Take On Me. It is pretty fun. It’s also garnering a lot of attention from some very specific folks. I have been talking to a lot of people about AR over the past few months and there is a definable excitement around it. I’m bullish as hell about AR, which I’ve… Read MoreIf 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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