For anyone who knows their city well, it’s easy to see that the short-term rental boom spurred by Airbnb’s massive popularity is changing things. Figuring out what exactly is changing and how quickly is trickier. In New York, those changes are have kept Airbnb and city regulators engaged in a multi-year war over what’s really good for the city. A new deep dive into the… Read More
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SpaceX flew a mission today that didn’t include a controlled recovery attempt of the Falcon 9 booster involved in the launch. Even still, the first stage survived the return to Earth pretty much intact, and the company will now try to recover it from the Atlantic Ocean to see what kind of shape it’s in.
In the world of mobile apps, numbers come in two sizes: big and bigger. More than one billion people use Facebook’s mobile app every day. But what about the financial side of the mobile business; specifically, venture investment and returns? By looking at the numbers behind two different ends of the startup life cycle, a reasonable understanding of the mobile market today can be had.
The CRISPR-Cas9 gene-editing technique is an important concept to know about in these days of biotech advances, but it can be pretty difficult to visualize properly. Is it really like molecular scissors? Where does the DNA go? Is it a big molecule or a small one? Fortunately a group has created a 3D animation of the process that shows it at the molecular level.
Today was supposed to be the deadline for Equifax’s free credit freeze offering, but the company has decided to extend the service to consumers for another five months. Now, Equifax customers can request a credit freeze through June 30.
Life sciences startups in Asia are getting another boost with the $10 million investment in Engine Biosciences — a biotech company that’s applying machine learning to genomics for drug discovery. With its headquarters in both Singapore and San Francisco, the company has managed to attract some impressive investors from both the U.S. and Asia. The round was co-led by Danhua…
Streaming music service Pandora is laying off about five percent of its employee base and taking “other cost-saving measures” in an attempt to save about $45 million annually. According to Pandora’s 8-K filing, employees were notified today of the plan and the company expects the staff reduction to be complete by the end of Q1 2018.
Everyone’s trying to build a better light bulb. These days, that means things like adjustable colors and smart home connectivity. Bay Area startup Soraa is skipping all the noise for the moment, instead making color its primary focus. For five years, the company’s been producing products for places like art galleries and hotels, where color balance is a big part of the experience.
EBay reported its Q4 and full-year earnings after market close today, where it reported sales of $2.6 billion and adjusted earnings per share of $0.59 for the quarter (versus $0.54 a year ago), and $9.6 billion in revenues for the year. While the holiday season, which fell into the quarter that ended December 31, is traditionally a huge time for e-commerce companies, in the case of this…
Facebook’s $19 billion acquisition of WhatsApp sounds smarter and smarter. Today CEO Mark Zuckerberg announced on the Q4 2017 earnings call that WhatsApp now has 1.5 billion users and sees 60 billion messages sent per day. That’s compared to 1.3 billion monthly users and 1 billion daily active users in July. The massive growth makes Facebook’s choice to pay over $19 billion…
One day after announcing strong earnings and the massive strategic acquisition of the leader in yearbook and school photos, Shutterfly is watching its shares soar.
Twitter has now updated the number of people engaging with Russian trolls during the 2016 presidential campaign to 1.4 million. That’s more than double the initial 677,775 Twitter originally said had seen, followed or retweeted one of these accounts earlier this month. The new number reflects those who may have also replied to or @ mentioned these accounts. “We have expanded the…
SpaceX has launched a Falcon 9 rocket loaded with a geocommunications satellite commissioned by the Government of Luxembourg. The satellite, created by Orbital STK and to be operated by SES, will support humanitarian and military operations for Luxembourg, among other communications functions.
PayPal impressed Wall Street when it reported fourth-quarter earnings after the bell on Wednesday. The global payments giant beat analyst expectations for both sales and profit. PayPal reported $3.71 billion in revenue on a foreign-exchange neutral basis, or 24% growth from the same period last year. Analysts were expecting $3.63 billion in revenue for the quarter. Adjusted earnings per…
Facebook is putting its short-term money where it’s mouth is, reducing the presence of viral videos in an effort to boost well-being of users of its site. Today in Facebook’s Q4 2017 earnings report CEO Mark Zuckerberg announced that “Already last quarter, we made changes to show fewer viral videos to make sure people’s time is well spent. In total, we made changes…
Microsoft posted a relatively good second quarter this year that continued the ongoing process of its growth into a major cloud entity, in addition to saying it would be taking a significant charge as part of the major tax bill signed late last year. In particular, Microsoft said that its Azure revenue grew 98% year-over-year — a long-running theme alongside many other lines that equate…
SpaceX’s launch livestream is already started for its GovSat-1 mission, which is launching a satellite from the government of Luxembourg into geostationary transfer orbit.
Teased earlier this month at CES, Hulu today has quietly launched its personalized Olympics experience in its Live TV app. The company hasn’t officially announced the new feature, but the option to track your favorite Olympics events pops up when you launch the app today, allowing you to pick from various events like figure skating, ski jumping, snowboard, luge, alpine skiing and many…
Despite worries about Russia and that passive News Feed scrolling hurts us, Facebook beat expectations again in its Q4 2017 earnings report. Facebook now has 1.4 billion daily users, up 2.18% compared to growing 3.8% to 1.37 billion users in Q3. That’s a sizeable slow down. That could be because CEO Mark Zuckerberg says Facebook made changes including showing fewer viral vidoes…
Whether the action cam business can alone sustain the GoPro business (in light of the recent Karma drone program shutdown) is going to at least rely on them continuing to dominate it and find new revenue streams within it. Part of this strategy will be continuing to refine the company’s $4.99 per month subscription service, GoPro Plus. Today, the company is announcing a new change to…
While at CES I try to avoid getting bogged down by dozens of random gadgets, and this time I mostly succeeded — but the mouse reviewer in me was intrigued by Lexip’s new gaming mouse that’s also a sort of floating joystick. It’s a strange but cool idea, and although the learning curve is high, I can see some hardcore gamers and productivity fiends getting a lot of use…
Virtual reality’s content problem has been so frustrating for users because the medium’s promise has been that it can take users anywhere. As developers continue to build up these worlds, Supermedium is launching out of Y Combinator’s winter batch with a browser that it hopes can show people the promises of virtual reality content that lives across the web. While Oculus…
Last summer, the news came in dribs and drabs about initial coin offerings, the crowd sales of new cryptocurrencies that give entrepreneurs access to funding. A warning here that some coins sold in ICOs could be considered securities. An alert there that celebrity endorsements of ICOs might be unlawful. Fast forward, and the warnings are starting to come with the kind of velocity that should…
The competition between Alexa and Google Assistant is fierce. How fierce? Cover all of Las Vegas in Google Assistant ads for CES fierce? Put voice assistance in weird things like a light switch or a fridge fierce? How about “don’t dare utter our competitor’s name in your voice app” fierce? Yep, Amazon has banned Alexa app developers from saying “Google”…
A few months ago we wrote that Square’s peer-to-peer payment app called Square Cash was running a bitcoin trial for select users. These users had the ability to buy and sell bitcoin using whatever payment method they had attached to the app. Well now the payments company just announced that all users (except those in New York, Georgia, Hawaii, or Wyoming) have access to bitcoin trading…
A new vertical fund from pan-European VC firm Speedinvest is officially outing today. Dubbed “Speedinvest x” and targeting a final closing of €25 million, of which €20.5 million has already been committed, the micro VC fund will target early-stage marketplace startups exclusively.
If you’re more of a Gmail power user (or even semi-power user) and other email services geared toward work, you’ve probably installed plenty of plugins like Rapportive to make your job a little bit easier. And while it’s all fine to try to pull together a suite of plugins to make that a little bit easier, a startup called Polymail is hoping to rope that all into a single hub…
Actress Maisie Williams, best known for her role as Arya Stark on Game of Thrones, is the latest celeb to venture into tech entrepreneurship, with the launch of a new company aimed at connecting creatives, called Daisie. Available later this summer as a mobile app, Daisie will offer a platform where creators can network, like, share and collaborate on projects within a social networking…
Ah, the Super Bowl. That magical time of year we gather around the T.V. set and pay just as much attention to the ads that run between plays. Increasingly, though, you can get much of that precious advertising viewing experience out of the way before the big game even starts.
Apple is working hard on the next major versions of its operating systems — macOS, iOS, tvOS and watchOS. While iOS is the big elephant in the room, the most intriguing new feature could be fore macOS. According to reports from Bloomberg and Axios, Apple will let you run iPad apps.
A team of ex-Apple engineers and execs is taking on Amazon-owned Twitch and Google’s YouTube Gaming with today’s official launch of a new social broadcasting platform, Caffeine. Backed by $46 million from Andreessen Horowitz and Greylock Partners, Caffeine was co-founded by former Product Design Lead for Apple TV and Chomp co-founder Ben Keighran, along with Senior User…
Lego bricks (or, if you’re not a pedant, Legos) are highly precise and highly consistent plastic objects. Anywhere you go in the world the Lego is the same. That means that scientists at MIT can use these little sole stabbers to create very precise scientific systems. Their first tests involves creating a microfluid pump and sorter using basic Lego parts. Because they can trust Lego…
Not every self-driving car has to be able to move passengers from point A to point B. Take, for example, Nuro: The startup just revealed their unique autonomous vehicle platform, which is more of a mobile small logistics platform than a self-driving car.
Fujifilm announced this week that it’s set to take a majority stake in Xerox. The news comes as the U.S. tech stalwart and photocopying synonym struggles to cope with an eroding demand for office printers and photocopies. The boards of both companies agreed to the deal this week, giving Fujifilm a 50.1-percent stake in the combined companies.
Google is rolling out a few new features to its Google Flights search engine to help travelers tackle some of the more frustrating aspects of air travel – delays and the complexities of the cheaper, Basic Economy fares. With the regard to delays, Google Flights won’t just be pulling in information from the airlines directly, however – it will take advantage of its…
Trifacta, a big-data business intelligence startup that is building tools to help businesses structure and analyse data that gets generated in their networks through customer interactions and other actions, is today announcing that it has closed out its Series D round at $48 million, with a notable list of strategic and financial investors that includes Google, Ericsson, the Deutsche Börse,…
Nintendo’s Switch has only been on sale for 10 months but already it has outsold its predecessor, the Wii U, the flop that heralded Nintendo’s first step into hybrid gaming. The Japanese tech giant shift a little over 13.5 million Wii U consoles across its entire lifecycle, and today Nintendo revealed that the Switch has reached 14.86 million sales to date. Business was so…
Uber is launching a bike-sharing service next week in partnership with JUMP, a startup that recently received the first and only permit to operate dockless bike-sharing in San Francisco. JUMP’s contract with the San Francisco Municipal Transportation Agency enables it to launch 250 of its dockless, electric bikes in San Francisco. After the first nine months of the program, the SFMTA…
Google has announced some tweaks to search snippets to try to avoid creating problematic information hierarchies.
What began as a movement among couture culturati with the success of Rent the Runway has moved into everything from cars (Porsche’s got a subscription service ) to construction equipment and furniture.
Asana, the productivity and collaboration service, is getting a major infusion of cash after Generation Investment Management, a London-based firm backed by former U.S. Vice President Al Gore, led a $75 million investment. Investment Management was joined in this Series D round by existing backers 8VC, Founders Fund, Y Combinator President Sam Altman who also participated in the round.…
Fresh from toppling Intel as the planet’s biggest seller of chipsets, Samsung has confirmed that it has begun manufacturing ASIC chips which are used to mine bitcoin, ether and other cryptocurrencies.
Bench, the TechStars-backed bookkeeping service for SMBs, has today announced the close of an $18 million B-1 funding round led by iNovia Capital. Existing investors, including Bain Capital Ventures, Altos Ventures, and Silicon Valley Bank, also participated in the round.
SoftBank is partnering up with messaging app Line to help develop its Line Mobile telecom service. Line announced that it has agreed to allow SoftBank to take a 51 percent in the business via an issuance of new shares. The deal is expected to close by March. From the documents, its mobile business is valued at around $15 million (1.7 billion JPY) but a company spokesperson told TechCrunch…
Samsung has ended Intel’s 25-year run as the world’s biggest seller of chipsets after it posted its 2017 end of year financials. The Korean tech giant’s chipset division — which has long been its biggest hitter — grossed total revenue of $69 billion in 2017, eclipsing the $62.8 billion Intel reported for last year. That was a record year for Intel — and…
With a president as mercurial as Trump, it was anyone’s guess what would happen during his first State of the Union address. The appearance is the president’s most high profile public speaking moment of the year and Trump was expected to touch on some of the issues of the moment, including funding for a border wall, infrastructure and an immigration deal. While less likely if…
Line, the messaging app with around 200 million monthly users, is embracing bitcoin and other cryptocurrencies to fend off increased competition from Facebook and others. The Japanese company told announced the creation of a new financial services division which will spearhead a move into cryptocurrencies and other services including loans and insurance. Line already operates a payment…
The only thing growing faster than the global drone population is the population of people thinking “how can I knock these annoying things out of the sky?” DroneShield offers a way to do just that, and now in a much more portable package with the DroneGun Tactical — that is, if you’re an authorized government agent, which I doubt.
A California appeals court has sided with Allan Candelore, a man suing Tinder over the pricing for its premium service, Tinder Plus. Specifically, Candelore and his lawyers argued that by charging $9.99 per month if a user is under 30, versus $19.99 per month if you’re 30 or older, Tinder is discriminating based on age, in violation of the Unruh Civil Rights Act and the Unfair…