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SoftBank makes a huge bet on Latin America

By |April 30th, 2019|

Rappi represents a new era for Latin American technology startups. Based in Bogotá, Colombia, the on-demand delivery startup has taken the region by storm, attracting a record amount of venture capital funding in mere months. Today marks the beginning of a new round of explosive growth as SoftBank, the Japanese telecom giant and prolific Silicon --> READ MORE

YouTube sets a goal of having half of trending videos coming from its own site

By |April 30th, 2019|

YouTube wants to have half of the featured videos in its trending tab come from streams originating on the company’s own site going forward, according to the latest quarterly letter from chief executive Susan Wojcicki. The letter, directed to YouTube’s users, is meant to help ease concerns the site’s biggest stars have over copyright challenges, --> READ MORE

AR will mean dystopia if we don’t act today

By |April 30th, 2019|

Matt Miesnieks Contributor Matt Miesnieks is a partner at Super Ventures. More posts by this contributor Why the YouTube of AR won’t be YouTube The product design challenges of AR on smartphones The martial arts actor Jet Li turned down a role in the Matrix and has been invisible on our screens because he does not --> READ MORE

USV closes on $450M for new funds, adds two partners

By |April 30th, 2019|

Union Square Ventures, a venture capital firm known for early bets in Twitter, Etsy and Tumblr, has $450 million in capital commitments to plow into the next generation of technology startups. The capital, which comes in just above the $429 million USV filed to raise earlier this year, is divided across two new funds: $200 --> READ MORE

Services really are becoming a bigger part of Apple’s business

By |April 30th, 2019|

We’ve known for a while now that Apple was going to be putting more of an emphasis on services. As the technical leaps from one iPhone/iPad/Mac generation to the next become less dramatic, product revenue has started to shrink; in response, the company is focusing on driving forward on things like the App Store, iCloud, --> READ MORE

The curious case of Slack’s missing $162 million

By |April 30th, 2019|

Slack has filed its S-1 registration statement with the SEC in preparation for its direct listing. One interesting data set that usually comes out of these S-1s is the company’s actual fundraising history. Slack has raised eight main rounds (series A-H), and 15 rounds total when including individual tranches, since it incorporated on February 25, --> READ MORE

Spot.IM raises $25M to help publishers engage with readers

By |April 30th, 2019|

Spot.IM announced today that it has raised $25 million in Series D funding. We’ve written about the company’s commenting platform before, but CEO Nadav Shoval said it’s now building a broader “community platform.” That means going beyond commenting and moderation to also include community pages and other ways to highlight and monetize user-generated content. The --> READ MORE

Apple Q2: iPads up, iPhones down

By |April 30th, 2019|

Today’s big story for Apple revenue was once again focused on services. That’s likely to be the tale for the foreseeable future, as the company continues to pump billions into product offerings like Apple TV+. As predicted, hardware was more of a mixed bag for the company. The iPad, a bright spot in an otherwise --> READ MORE

Apple’s stock jumps 5% after beating expectations

By |April 30th, 2019|

Apple released earnings for its fiscal second quarter today, reporting revenue of $58 billion, a decline of 5% from the year-ago quarter, and quarterly earnings per diluted share of $2.46, down 10%. International sales accounted for 61% of the quarter’s revenue. The market apparently approves. Apple’s shares have jumped $10 apiece since the earnings were --> READ MORE

Eric Schmidt and Diane Greene are leaving Alphabet’s board of directors

By |April 30th, 2019|

Google’s parent company Alphabet announced that two board members, Eric Schmidt and Diane Greene, will not be seeking re-election when their terms expire on June 19. Schmidt has been on the company’s board since 2001, and also served as Google’s CEO for a decade, until April 2011. He then became the company’s executive chairman, before --> READ MORE