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Facebook’s share price fell over 20 percent in after-hours trading today after the company announced its slowest-ever user growth rate and a scary warning that its revenue growth would rapidly decelerate. Before today’s brutal Q2 earnings, Facebook’s share price closed today at $217.50 – a record high — but fell to around $172 after the
Grubhub announced this morning that it’s agreed to acquire LevelUp for $390 million cash. Founder and CEO Matt Maloney told me that while previous Grubhub acquisitions like Eat24 were designed to give the company’s delivery business more scale, “This is kind of a different acquisition. It’s a product and strategic positioning acquisition.” LevelUp is based
PicsArt, the company behind the photo-editing app of the same name, has hired Tammy Nam as its first chief operating officer. Nam was most recently the CEO of Viki, the Rakuten-acquired video streaming service, and before that served as a marketing executive at Viki, Scribd and Slide. PicsArt said Nam will report to founder and
Knock Knock, a startup building games for platforms like Facebook Messenger and WeChat, is announcing that it has raised $2 million in seed funding. The goal isn’t to build interactive chat fiction, but rather fully fledged mobile games that are accessed from messaging apps, while also taking advantages of the opportunities offered by incorporating messaging
Xiaomi gave Google’s well-intentioned but somewhat-stalled Android One project a major boost last year when it unveiled its first device under the program, Mi A1. That’s now joined by not one but two sequel devices, after the Chinese phone maker unveiled the Mi A2 and Mi A2 Lite at an event in Spain today. Xiaomi
Samsung tv has been the top television for the ultimate decade. In 2016, 21.6% of all liquid crystal display-led screens bought got here from samsung tv. So, in case you’re thinking about purchasing a samsung television, you’ll be in excellent business enterprise. For higher and worse there are a number of alternatives accessible.Finding out your
Google cloud introduced diane greene on board on the end of 2015, certainly one of her dreams was to amplify the department’s partnership community, an technique she located labored quite nicely when she turned into running vmware inside the early 2000s. It appears to be working at google too. Google Cloud annual convention This
Google changed into already well worth extra than $800 billion and, even as well short of apple, is now jumping into that batch of groups which are on their way to being a $1 trillion corporation. Alphabet, google’s figure agency, considerably outperformed market expectancies in its 2nd region by way of bringing in $32.66 billion.
Youtube ceo susan wojcicki on friday promised the business enterprise would do a higher job with speaking to creators approximately its experiments and exams. Nowadays, youtube is making correct on that dedication with an replace approximately a brand new characteristic it’s testing out: an explore tab, geared toward imparting visitors a greater numerous set of video suggestions.
Musical.Ly has all started redirecting customers of its Live.Ly app, which it decided to kill off last month, to a competing app called liveme. Present Live.Ly users are being pointed to liveme via an in-app message, it says. Whilst it’s a reasonably common industry practice for corporations to direct customers to comparable apps or
Xage (pronounced Zage), a blockchain security startup based in Silicon Valley, announced a $12 million Series A investment today led by March Capital Partners. GE Ventures, City Light Capital and NexStar Partners also participated. The company emerged from stealth in December with a novel idea to secure the myriad of devices in the industrial internet
Let’s be real — the latest batch of Samsung ads are more about the company’s perception of Apple than its own devices. But hey, that tact has worked for the company in the past, so who can blame ‘em? They do, however, offer at least one key bit of insight into the company’s on-going plans.
Qualcomm revealed world’s first mmwave antennas,which increases the probability of designing 5G smartphones.5g networks will uses lengthy-range, with high variety millimetre wave (mmwave) spectrum which is too tough for mobile communications. Mmwave frequencies provide vast capability, but low range, making them ideal to be used in urban areas. The first industrial 5g services due to
Snapcash ended up as a way to pay adult performers for private content over Snapchat, not just a way to split bills with friends. But Snapchat will abandon the peer-to-peer payment space on August 30th. Code buried in Snapchat’s Android app includes a “Snapcash deprecation message” that displays “Snapcash will no longer be available after
Trill Project, founded by three high school girls, recently launched out of private beta to help people safely express themselves online. For those unfamiliar with the word “trill,” it’s a combination of “true” and “real.” An investor described it to me as a positive Yik Yak . Trill Project began as a community for teenagers,