Techmeme

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Business Insider:
Sources: Snap faced tough questions from potential investors in a meeting Tuesday, focusing on the deceleration of user growth and the threat of Facebook   —  Snapchat executives in New York were peppered with questions on Tuesday about competition from Facebook, user growth for the disappearing-message app …
Feb 21, 2017, 5:30 PMIn context
Rachael Levy / Business Insider:
Source: Goldman Sachs, a lead bank for Snap's IPO, is predicting Snap will have revenue of $1.959B in 2018, up from $404M in 2016, and 221M DAUs, up from 158M   —  Goldman Sachs, one of the lead banks on Snap's initial public offering, estimates that revenues for the social-media company could hit nearly $2 billion in 2018.
Feb 21, 2017, 3:45 PMIn context
Sam Shead / Business Insider:
Niklas Zennström's London-based VC firm Atomico, which is focused on European tech startups, closes its fourth fund at $765M   —  Atomico has raised a $765 million (£613 million) fund to invest in European technology startups, shrugging off any concerns that Brexit has made it harder …
Feb 17, 2017, 10:50 AMIn context
Shona Ghosh / Business Insider:
Spotify-backed Soundtrack Your Brand, which streams music to businesses, raises $22M Series C led by Balderton Capital and Stockholm-based Industrifonden   —  A Swedish startup that wants to bring music streaming to businesses has raised $22 million (£17.5 million) …
Feb 17, 2017, 4:45 AMIn context
Alex Heath / Business Insider:
Tinder acquires Wheel, a collaborative video messaging app that functions similarly to Snapchat's Live Stories   —  Tinder is making a push into video with the acquisition of Wheel, a collaborative video messaging app that functions similarly to Snapchat's “Live Stories” format.
Feb 16, 2017, 1:15 PMIn context
Julie Bort / Business Insider:
Cisco reports Q2 earnings: a beat on revenue and profits   —  Cisco just announced its second quarter earnings and we're sifting through them now.  It reported: Q2 adjusted EPS of $0.57.  The street was looking for $0.56 so that's a beat.  It reported sales of $11.6 billion vs estimates of $11.55 billion, another beat.
Feb 15, 2017, 5:00 PMIn context
Alex Heath / Business Insider:
Facebook to add tools to connect businesses and job seekers in US on Friday: “Apply Now” button, autofill for applicant information, responses via Messenger   —  Facebook is going after LinkedIn, Glassdoor, and other job listing sites.  —  Starting Wednesday …
Feb 15, 2017, 4:00 PMIn context
Eugene Kim / Business Insider:
Filing: Amazon reported sales of ~$6.4B for retail subscription services, which includes Prime, in 2016, up 43% YoY   —  Amazon has finally shared more financial details around its Prime user base, giving a clue to just how popular its membership service really is.
Feb 14, 2017, 6:20 PMIn context
Nathan McAlone / Business Insider:
Former members of Google News team reminisce about how the service vetted sites during their tenure, rejecting or de-ranking those seen as unreliable or biased   —  For the small team maintaining one of the world's most popular news sites, the job was straightforward: weed out liars and scammers.
Feb 13, 2017, 11:35 AMIn context
Julie Bort / Business Insider:
Sources: enterprise AR company Daqri, which has raised $132M, is laying off about 25% of its nearly 400-person workforce   —  Augmented reality helmet maker Daqri is cutting about 25% of its nearly 400-person-strong workforce worldwide, multiple people have told Business Insider.
Feb 11, 2017, 12:05 PMIn context

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