Thursday, February 8, 2018

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Twitter is now worth more than Snap

Feb 08, 2:52PM

 Adding to what’s already a Very Weird 2018, Twitter now has a bigger market cap than Snapchat maker Snap after posting a thoroughly interesting earnings beat for its fourth quarter this morning. Shares of Twitter rocketed more than 25% this morning following the report, which showed the service is actually able to generate a profit on a GAAP basis. Twitter already wrapped up 2017 with a… Read More



New credit card skimmer worked in plain sight at Aldi stores

Feb 08, 2:41PM

 Police in Lower Pottsgrove, Pennsylvania have spotted a group of thieves who are placing completely camouflaged skimmers on top of credit card terminals in Aldi stores. The skimmers, which the gang placed in plain sight of surveillance video cameras, look exactly like the original credit card terminals but would store debit card numbers and PINs of unsuspecting shoppers. “While Aldi… Read More



Apple partners with NBC on a new Winter Olympics section in Apple News

Feb 08, 2:10PM

 While Apple continues to focus its eye on how to step up its game in the area of original content, it’s also striking some partnerships that could help put its name on the map specifically in sports coverage. The company is adding a new section in Apple News that will be dedicated to the Winter Olympics in Pyeongchang. The Olympics section will appear in the “For You”… Read More



Equity live from SaaStr: The market loses its mind, bitcoin tanks, and when will Slack go public

Feb 08, 2:10PM

 Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week was a treat. Not only did venture capitalist Annie Lamont join our own Katie Roof, Matthew Lynley, and Alex Wilhelm, we also recorded this episode live at SaaStr, a yearly SaaS-focused confab in San Francisco. (SaaStr is the brainchild of venture… Read More



Adobe brings more AI smarts to its Experience Manager

Feb 08, 2:00PM

 Unless you’ve ever used it, chances are you’ve never heard of Adobe’s Experience Manager. Inside of large enterprises, though, it’s among the most popular cross-platform content management systems for marketing teams and those who have to manage large online stores. Today, the company is launching an update to the Experience Manager that brings a number of new… Read More



LogMeIn is buying Jive Communications for up to $357M to step up in enterprise unified comms

Feb 08, 1:36PM

 Yet more consolidation in the enterprise collaboration software market. Today LogMeIn, the company that offers conferencing services like GoToMeeting and join.me as well as authentication and other online services to businesses and others, announced that it would acquire Jive Communications for $342 million in cash plus up to $15 million based on reaching specific milestones in the next two… Read More



GOAT is merging with legendary sneaker retailer Flight Club and raising $60 million

Feb 08, 1:00PM

 Sneaker marketplace GOAT is merging with Flight Club, essentially the first name in after market sneaker retail. It’s also raising a $60M series C led by Danny Rimer at Index with previous investors Accel, Matrix, Upfront and Network participating. The raise is significant, putting the total just shy of $98M raised, but it’s the merger with Flight Club that will cause this news to… Read More



Twitter is suddenly making money and Wall Street likes it a whole lot

Feb 08, 12:09PM

 Despite flat user numbers and a nominal beat in revenue, Twitter’s fortune-reversal over the past several months is still going as the company said it actually posted a GAAP net income — sending the stock jumping more than 15%. Twitter’s overall user numbers were flat, but the company was still able to post a surprising profit and fell above what Wall Street expected for… Read More



TapCommerce's founders are back with Attentive, a messaging startup that's raised $13M

Feb 08, 12:00PM

Attentive mobile messaging Attentive is coming out of stealth today with the announcement that it’s raised $13 million in Series A funding. The company was founded by Brian Long and Andrew Jones. They previously founded TapCommerce, a mobile ad startup that was acquired by Twitter for a reported price of $100 million. Long and Jones both worked at Twitter for a couple of years before leaving to start something… Read More



Chinese police are using smart glasses to identify potential suspects

Feb 08, 9:38AM

 China already operates the world’s largest surveillance state with some 170 CCTV cameras at work, but its line of sight is about to get a new angle thanks to new smart eyewear that is being piloted by police officers. The smart specs look a lot like Google Glass, but they are used for identifying potential suspects. The device connects to a feed which taps into China’s state… Read More



Amazon begins offering Whole Foods deliveries via its Prime service

Feb 08, 7:15AM

 Amazon has taken a big step forward with Whole Foods after it began offering grocery delivery from the retailer through its Prime service. The option is open to Prime Now customers, who get free two-hour deliveries of their products when they spend over $35. An “ultra-fast” one-hour delivery option costs $7.99 for orders of $35 or more. The integration is limited to four regions… Read More



Naspers and Meituan invest $100 million in Indian delivery business, Swiggy

Feb 08, 6:18AM

 The Indian food delivery startup Swiggy has raised $100 million in its latest round of funding. Led by the global investment and media conglomerate, Naspers, with participation from the Chinese e-commerce company Meituan-Dianping, the investment is an indicator that the Indian technology market is hitting its stride. The company said that it will use the funding to introduce new products… Read More



Tronc starts its new digital strategy with a majority stake in product review site BestReviews

Feb 08, 4:28AM

 Tronc, the company formerly known as Tribune Publishing, announced today that it now owns a majority stake in BestReviews, which publishes in-depth reviews of consumer products. According to an SEC filing, Tronc agreed to pay a total of $66 million, including $30 million in cash and $36 million in Tronc’s common shares, for a 60% stake in BestReviews.  Read More



Reddit bans 'involuntary porn' communities that trade AI-generated celebrity videos

Feb 08, 12:10AM

 Following other recent bans on the controversial practice of AI-generated, face-swapped porn, Reddit too has brought the ban hammer down. On Wednesday, the social platform shut down r/deepfakes and r/deepfakeNSFW, two popular hubs for the fake videos, which use algorithmic software to create virtual pornography depicting the likeness of unwilling participants. Read More



EFF founder and internet activist John Perry Barlow has died

Feb 07, 11:47PM

 John Perry Barlow has one of those resumes that seems too surreal to possibly be true. Entertainment sites are lamenting the loss of a poet turned Grateful Dead lyricist. Political sites are mourning the death of a lifelong activist. For tech sites such as ours, he’ll be forever remembered as the co-founder of the EFF — arguably the most influential organization for internet… Read More



Lyft hires Tesla's president of Sales & Service as COO

Feb 07, 11:47PM

 Lyft has hired a new C-level executive: Jon McNeill, who joins as Chief Operating Officer. McNeill previously held a top role at Tesla, where he was president of Global Sales & Service, overseeing all of the company’s showroom and customer-facing interactions. Read More



Elon Musk's self-driving strategy still doesn't include LiDAR

Feb 07, 11:37PM

 Elon Musk’s vision of autonomous driving differs from a lot of Tesla’s competitors in that he’s been adamant that LiDAR isn’t a core component of his approach. It’s a stance that provokes a lot of debate among experts in the field. Read More



Elon Musk expects to do coast-to-coast autonomous Tesla drive in 3 to 6 months

Feb 07, 11:13PM

 Tesla had aimed to do a cross-country U.S. drive in one of its vehicles using fully autonomous driving capabilities by the end of last year. Obviously it didn’t make that goal, or you’d have heard about it. Instead, Tesla CEO Elon Musk now says he anticipates being able to make the trip within three months, or six months at the long end. Read More



Google's bug bounty programs paid out almost $3M in 2017

Feb 07, 10:58PM

 Bug bounty programs are designed to sic security researchers on software and pay them to find vulnerabilities and report back to the sponsor. In return, the researchers are richly rewarded for their findings. In fact, Google’s bug bounty paid out a hefty $2.9 million in bug bounties in 2017. Read More



Starman has gone dark

Feb 07, 10:57PM

 Starman and his space Tesla have sent their last selfie from Earth orbit, Elon Musk announced. The car and its mannequin driver (in working SpaceX spacesuit) launched yesterday atop the Falcon Heavy rocket will eventually escape Earth orbit and travel outwards through the solar system — but not in a hurry. Read More




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