Month: December 2017

In Jakarta, Indonesia, only 50 percent of the population has access to the piped sewerage system. More than 500,000 residents practice open defecation, and more than one million people discharge wastewater directly into the river, resulting in deteriorated groundwater quality and putting residents at risk to waterborne diseases. The better news: The city has a
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Vevo, the music video service backed by major record labels, just announced that its CEO Erik Huggers is departing. Huggers previously worked at the BBC, at Verizon (which owns TechCrunch) and elsewhere. He joined Vevo in 2015. Under his leadership, Vevo was working to become less reliant on YouTube (which was its major syndication partner) by
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Fitbit is, once again, not having a good day after spending the year in mostly middling status as it looks to prove there’s a market for fitness trackers as well as its own smartwatch. The culprit today is a Wall Street firm slapping a “sell” rating on the company’s stock, which often results in a
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Say “goodbye” (in the AOL voice, if possible) to Aol Instant Messenger. Back in October, Oath (the combined entity of Yahoo and Aol) announced that it would shutter AIM on December 15. Yes, today is the day. While there is no shortage of means to communicate online, AIM holds a special place in many of
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Airwallex, an Australia-based fintech startup that helps banks and businesses handle cross-border transactions at scale, has closed a $6 million investment ahead of a planned Series B next year. The new funding comes from Square Peg — a VC firm located in Melbourne, the same city as Airwallex HQ — which joins Tencent, MasterCard, Gobi Ventures and Sequoia
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Go-Jek, the company leading Uber and Grab in Southeast Asia’s largest market, has bagged a hattrick of deals to advance its mobile payment strategy. Indonesia-based Go-Jek revealed it has acquired offline payment firm Kartuku, payment gateway Midtrans and payment and lending network Mapan for undisclosed sums. The company started out in 2015 offering a ride-hailing service for motorbike
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“Social media” is a clumsy term that entangles enriching social interaction with mindless media consumption. It’s a double-edged sword whose sides aren’t properly distinguished. Taken as a whole, we can’t decide if it “brings the world closer together” like Facebook’s new mission statement says, or leaves us depressed and isolated. It does both, but our
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