Day: August 24, 2017

There are more than 1 billion cellphone users in India. The country also abruptly went cashless last November, when Prime Minister Narendra Modi announced that millions of high-denomination currency notes would no longer be legal tender. These two developments play nicely into the vision of Ezetap, a six-year-old, Bangalore-based startup whose software as a service
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The UK government has warned of the risks of the Internet being ‘Balkanzied’ by the application of different rules in different geographies, suggesting that data localization efforts could throttle competition and innovation and weaken security. It makes the warning in a negotiation position paper drawn up as it’s seeking to engage in separating itself from
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It’s official…Amazon says its purchase of Whole Foods will close on Monday. According to the release, “the two companies will together pursue the vision of making Whole Foods Market’s high-quality, natural and organic food affordable for everyone. As a down payment on that vision, Whole Foods Market will offer lower prices starting Monday on a
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WeWork just announced that it’s receiving a massive $4.4 billion investment from SoftBank Group and SoftBank Vision Fund. It’s been less than a month since WeWork announced $500 million in funding for a standalone WeWork China business, which SoftBank participated in. It’s also launching in Japan through a joint venture with SoftBank — so this
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Google got a much-needed win today when Marketo, the marketing automation platform, chose Google Cloud Platform (GCP) to migrate its entire on-prem operation. The partnership will extend beyond hosting with Google also providing deeper integration with GSuite. Google says that should enable Marketo customers to generate content and communicate with customers directly from the Marketo
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Amazon’s Influencer Program, a service that allows social media personalities to earn commissions on the Amazon products they promote, is now accepting sign-ups from YouTube influencers who want to participate. Last Thursday, Amazon quietly enabled a self-service tool for YouTube stars that lets them request to join the highly-vetted program, which had first launched into
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Google’s App Engine service, one of its longest-running public cloud computing platforms, is finally getting a fully featured firewall. Until now, developers couldn’t easily restrict access to their applications on the service to only a small set of IP addresses or address ranges for testing, for example. Instead, they had to hard-code a similar solution
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Inflect, a San Francisco-based startup that wants to make it easier for businesses to find the right co-location facilities, network service and exchange providers, today announced that it has added over 30 service providers and information about 2,200 data centers and networking peering locations to its database since its launch two months ago. These new
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Analyst Gartner is expecting to see growth of 16.7 per cent, year-over-year, across the global wearables market this year, which encompasses a variety of device types and form factors — from smartwatches to body-worn cameras and even head-mounted displays. Its forecast projects sales of 310.4M wearable devices worldwide this year, generating a total of $30.5BN
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Veteran Facebook exec Andrew “Boz” Bosworth is taking over consumer hardware efforts at the company, including projects under groups like Building 8 and Oculus. The announcement was made internally by Facebook CTO Mike Schroepfer, Business Insider reports. A Facebook spokesperson confirmed the appointment to TechCrunch. Bosworth, who joined Facebook in January of 2006, has been
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Noah Schottenstein Contributor Noah Schottenstein is an associate at Baker Botts LLP. The entrepreneurial ecosystem has seen an unprecedented rush of investment over the past five years. But deal activity slowed considerably in 2016 and has leveled off during the first part of 2017. As trends continue to revert to the pre-2013 means, entrepreneurs should
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