Month: February 2018

At the core of Facebook’s “well-being” problem is that its business is directly coupled with total time spent on its apps. The more hours you pass on the social network, the more ads you see and click, the more money it earns. That puts its plan to make using Facebook healthier at odds with its
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A mapping startup based in Missoula, Mont., which allows users to download sophisticated offline topographic maps outlining public and private lands and a number of other features geared towards hunting, fishing and camping, has pulled in its first major outside funding. onXmaps has closed a $20.3 million Series A round led by Summit Partners. Bessemer Venture Partners,
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On Friday, Twitter announced that it would abandon its lesser-loved Mac app, directing users to Twitter.com instead. The company declared that it will refocus its efforts on “a great Twitter experience that’s consistent across platforms” rather than continuing development for Twitter for Mac, a message that doesn’t sound great for TweetDeck lovers. The Twitter for
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H-E-B has acquired Favor, the on-demand delivery service out of Texas. Favor will continue to operate as an independent wholly owned subsidiary of the grocery chain. The company first launched in 2013, bringing a Texas-tailored approach to on-demand delivery. While many on-demand services, such as Postmates, focus on high-density areas like NYC and San Francisco,
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Welcome to “Equity,” TechCrunch’s venture capital and tech business podcast. On this week, we were joined by Mike Ghaffary from Social Capital, who was the perfect guest because he used to run Eat24, when it was Yelp’s food delivery business. Food delivery is highly relevant to this week’s news. First up, we talked about Uber,
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Bynder, one of the leading companies in the digital asset management space, today announced that it has acquired Shutterstock‘s Webdam. The Amsterdam-based company tells us that it paid $49.1 million for Webdam, which Shutterstock itself acquired back in 2014. Like Bynder, Webdam’s focus is on helping enterprises and agencies manage their digital assets. Currently Webdam customers
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Google announced today that it intends to buy Xively from LogMeIn, giving Google Cloud an established IoT platform to add to their product portfolio. Terms of the deal were not disclosed. In a blog post announcing the acquisition, Google indicated it wants to use this purchase as a springboard into the growing IoT market, which it believes
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Game streaming site Twitch today is debuting an always-on chat room feature it’s simply calling “Rooms.” The addition was first announced at its developer event TwitchCon back in October, and was expected to launch before year-end. That timing shifted a bit, but the feature is going live today across both web and mobile for Twitch
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There are many reasons startups fail. Unfortunately, we just didn’t have enough time and ran out of money. Unfortunately, the customers just didn’t care enough about our offering. Unfortunately, the channel just wasn’t economically efficient. Unfortunately, I had the wrong person running engineering (or marketing, sales, finance etc.). Unfortunately, we were screwed anyway so we
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