Tech

Meal ingredient delivery service Blue Apron is the next big consumer IPO
techcrunch.com
 Amidst an array of enterprise companies that have jumped on the IPO bandwagon following Snap’s successful IPO (aside from its more recent whiff of an earnings report), Blue Apron appears to be the next major consumer IPO. That’s important, because it continues the tone that both enterprise and consumer companies see an opportunity to go public. Read More [...]
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Revenue, I choose you! The Pokémon Company’s profits jump by 2,500 percent
techcrunch.com
 It’s been a banner year for The Pokémon Company: Pokémon GO was a global phenomenon and the latest full-on Pokégame for the 3DS sold very well indeed. One would expect the company to be doing well financially — perhaps even doubling or tripling last year’s profits. Well, apparently it quinvigintupled them, which is to say multiplied by 25 times. (I had to look it up.) Read More [...]
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BikeParking.Club connects a social network to bike locks in a city
techcrunch.com
 Palo Alto has a bike lock problem, and a pair of software developers and a designer took a shot at trying to solve that problem in 24 hours in New York this weekend. Eugene Tonev, Alexander Sivura and Yuri Dymov — currently at health startup HealthTap — put together a model of the kinds of bike racks you might see on the streets of Palo Alto. But this rack has a connected lock on… Read More [...]
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Social music startup Smule raises $54M for Asian expansion
techcrunch.com
 Smule, maker of Sing! Karaoke and other social music apps, announced yesterday that it has raised $54 million in a round led by Chinese company Tencent. Adams Street Partners, Bessemer Ventures, Floodgate, Franklin Templeton and Shasta Ventures also participated in the funding. Reuters reported that the round valued the company at $604 million, setting up Smule to expand in Asia and potentially… Read More [...]
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Xiaomi sneaks into North America with Mexico launch
techcrunch.com
 Chinese smartphone maker Xiaomi is preparing to enter North America, but it isn’t quite the launch you may be waiting on. The company, which was last valued at $45 billion by investors, has revealed plans to sneak into the continent by selling its Redmi Note 4 phone in Mexico. Fans can pick up the device from Coppel, Best Buy and Sam’s Club stores when it is stocked towards… Read More [...]
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Snapchat hits a disappointing 166M daily users, growing only slightly faster
techcrunch.com
 Snap’s growth rate increased just a little in Q1 2017 — a bad start to its first quarterly earnings report since going public. Snap hit 166 million daily active users at a growth rate of 5 percent, compared to the 158 million DAUs it had in Q4. Snap shares fell more than 24 percent in after-hours trading as investors fled, seeing its long-term potential diminished by its growth… Read More [...]
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Facebook Groups can now screen new members with a questionnaire
techcrunch.com
 Facebook is making good on Mark Zuckerberg’s promise to build community by improving admin tools for Facebook Groups. Now Group admins can establish up to three questions for people requesting to join their Group to answer. This lets admins screen potential members to ensure they’re the right fit for the group and will add constructively to the discussion, not just spam or troll… Read More [...]
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Snap is getting absolutely crushed after falling short of Wall Street’s expectations
techcrunch.com
 Snap may have had a successful IPO, but that was pretty much wiped out after it reported its first-quarter earnings — where it completely whiffed on what Wall Street was expecting. The stock is down more than 20 percent in extended trading after it reported its first-quarter earnings. In short, it doesn’t look good. Read More [...]
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