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What I learned from Flipkart
Aug 27, 11:30PM
Two weeks ago, Walmart concluded its investments to acquire a majority stake in Flipkart. This is one of the largest transactions in e-commerce and in the internet space globally, with Walmart deploying US$16 billion to obtain an approximate 77% shareholding at closing. As part of this transaction, my company, Naspers, exited fully, selling our 11.18% stake for $2.2 billion.
Eventbrite just made some pricing changes as it moves toward an IPO
Aug 27, 10:08PM
Reaching event organizers to help them sell tickets isn’t cheap. Eventbrite — the 12-year-old, San Francisco-based ticketing company that announced plans last week to go public and sell $200 million worth of shares on the NYSE — has been losing money since 2016, posting losses of $40.4 million in 2016, $38.5 million for 2017 and […]
Graphika visualizes Twitter's filter bubbles in the US
Aug 27, 8:10PM
It’s no surprise that political discourse in America is divided — especially online. And last week in MIT Technology Review, data visualization company Graphika brought those divides to life with 3D, colored depictions of the kind of filter bubbles found on Twitter in the U.S. Co-written by Graphika’s CEO John Kelly and the company’s research director Camille François, […]
Toyota invests $500 million into Uber
Aug 27, 8:07PM
Toyota and Uber are partnering to bring an on-demand autonomous ride-hailing service to market, a deal that includes a $500 million investment from the Japanese automaker. Under the agreement, Toyota Sienna minivans will be equipped with Uber’s self-driving technology and then deployed on the ride-hailing company’s network, the companies said. The deal, which was first reported […]
Facebook comms VP Rachel Whetstone is heading to Netflix
Aug 27, 7:55PM
In Facebook’s latest high–profile departure, corporate communications lead Rachel Whetstone will leave for a top PR role at Netflix. Whetstone joined Facebook about a year ago after leaving a similar position running communications at Uber during some of the company’s most fraught days. Prior to Uber, Whetstone worked for Google as its SVP of communications […]
HP is 'printing' drugs for the CDC to speed up antibiotic testing
Aug 27, 7:44PM
At least 2 million people in the U.S. become infected with so-called “super bugs” and at least 23,000 people die as a direct result of these infections each year, according to the Centers for Disease Control (CDC). Now, HP’s Biohacker technology is working with the CDC on a pilot program to “print” and test antibiotics […]
Ipsy's new subscription delivers full-size beauty products, not samples
Aug 27, 7:09PM
Ipsy, the beauty box subscription service and e-commerce site founded in 2011 by YouTube creator Michelle Phan, is expanding its business beyond sample-sized products. The company today is debuting a more expensive “Glam Bag Plus” subscription, which will ship customers five full-sized products for $25 per month. The move aims to capitalize on Ipsy’s established customer […]
Hangouts Chat, Google's Slack competitor, gets emoji reactions
Aug 27, 7:07PM
Hangouts Chat, Google’s business-focused Slack competitor, is getting emoji reactions. That’s a feature that Slack has long had, so if anything, today’s move makes Hangouts Chat even more Slack-like than before. Hangouts Chat, you may remember, is very different from Hangouts, Google’s chat app for regular users which at one point was supposed to be […]
T-Mobile quietly reveals uptick in government data demands
Aug 27, 6:34PM
T-Mobile has revealed an uptick in the number of demands for data it receives from the government. The cellular giant quietly posted its 2017 transparency report on August 14, revealing a 12 percent increase in the number of overall data demands it responded to compared to the previous year. The report said the company responded […]
AutoX is using its self-driving vehicles to deliver groceries
Aug 27, 6:12PM
Autonomous vehicle startup AutoX has launched a grocery delivery and mobile store pilot in a partnership with GrubMarket.com and local high-end grocery store DeMartini Orchard. The pilot will initially be limited to an area of about 400 homes in north San Jose. The company, which employees nearly 90 people, has just two autonomous vehicles that […]
VMware acquires CloudHealth Technologies for multi-cloud management
Aug 27, 6:02PM
VMware is hosting its VMworld customer conference in Las Vegas this week, and to get things going it announced that it’s acquiring Boston-based CloudHealth Technologies. They did not disclose the terms of the deal, but Reuters is reporting the price is $500 million. CloudHealth provides VMware with a crucial multi-cloud management platform that works across […]
VMware pulls AWS's Relational Database Service into the data center
Aug 27, 5:35PM
Here’s some unusual news: AWS, Amazon’s cloud computing arm, today announced that it plans to bring its Relational Database Service (RDS) to VMware, no matter whether that’s VMware Cloud on AWS or a privately hosted VMware deployment in a corporate data center. While some of AWS’s competitors have long focused on these kinds of hybrid […]
Oculus co-founder trashes Magic Leap headset in review, calling it a 'tragic heap'
Aug 27, 5:16PM
It isn’t the most usual situation for a founder to write a review trashing a competitor’s new product, but Oculus co-founder Palmer Luckey has never been the most conventional entrepreneur. Yesterday, Luckey published a review of Magic Leap’s developer kit on his personal blog titled “Magic Leap is a Tragic Heap.” In it, he offered a few […]
Don't miss the Disrupt SF 2018 After Party
Aug 27, 5:00PM
The biggest, most ambitious Disrupt event ever is less than two weeks away! Disrupt SF 2018 takes place at Moscone Center West on September 5-7 — that's three action-packed, business-oriented days of programming. But like you, we know how to have a good time, too. It's all about balance, friends. And that's why you do not want […]
'Disney Play' is the company's Netflix competitor UPDATE: Nope
Aug 27, 4:55PM
Update: It seems the original source on of the report misconstrued a comment from Iger, who was referring more broadly to “a Disney Play,” rather than giving name to the service itself. A spokesperson for the service told TechCrunch, "A name for the upcoming Disney steaming service has not yet been announced" It's been a full […]
Moosejaw is the first of Walmart's acquired brands to open a digital store on the site
Aug 27, 3:59PM
Last year, Walmart acquired outdoor retailer Moosejaw for $51 million – a company that’s now one of several brands Walmart picked up during a speciality retail buying spree, along with ShoeBuy, Jet.com, Hayneedle, ModCloth, and Bonobos. Now, the company is making good on that purchase, as Moosejaw is the first of Walmart’s acquired brands to arrive […]
OVH gets a new CEO
Aug 27, 3:51PM
French cloud hosting company OVH just announced a new CEO. Michel Paulin is now heading the company. Founder Octave Klaba remains Chairman of the Board and plans to focus on the big picture. Paulin recently worked at telecom company SFR. If you look further in the past, he also was a key member at Neuf […]
Bellwether Coffee raises $10M to bring more transparency to the coffee industry
Aug 27, 3:17PM
Caffeine-infused meal replacement products may be all the rage among techies, but a good ol’ cup of joe is still the choice morning beverage for most of us. To capitalize on America’s insatiable coffee habit, Bellwether Coffee has raised a $10 million Series A and begun selling its zero-emissions commercial roaster and online coffee bean […]
Microsoft is about to announce Xbox All Access subscription
Aug 27, 3:04PM
Microsoft published a news item announcing Xbox All Access on the Xbox blog and then unpublished it. But multiple news outlets spotted the article before Microsoft could take the post down. So now that the cat is out of the bag, it looks like Microsoft's new hardware and software subscription is real. (Update: Microsoft has […]
No one should be surprised that pirates hijacked the Logan Paul/KSI boxing match on Twitch
Aug 27, 3:01PM
Over the weekend, pirates made off with millions in potential YouTube revenues by hijacking the live-streams of its pay-per-view “boxing” match between YouTube celebrities Logan Paul and KSI and broadcasting them on the rival streaming platform Twitch. The theft represents a pretty bold move in the continuing cat-and-mouse game between rival entertainment platforms Twitch (for live streaming) […]
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