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Troy Wolverton / Business Insider:
Saudi Prince Alwaleed gradually built up a 2.3% stake in Snap, spending $250M through May 25; he paid ~$11/share as Snap's price bottomed out at $10.50 in May   —  - Saudi Arabian Prince Alwaleed Bin Talal announced Tuesday he's taken a 2.3% stake in Snap — a deal worth about $250 million.
Aug 8, 2018, 10:35 AMIn context
Kif Leswing / Business Insider:
While Apple's decision to remove five of Alex Jones' podcasts has caused many platforms to follow suit, Infowars' app is still available in the App Store   —  - Apple said on Sunday that it will remove several Infowars podcasts from its iTunes directory, including the widely-viewed Alex Jones Show.
Aug 6, 2018, 2:05 PMIn context
Shona Ghosh / Business Insider:
UK-based Improbable raises $50M from NetEase to bring its large-scale game simulation platform SpatialOS to China; sources: Improbable doubled valuation to $2B   —  - SoftBank-backed Improbable has raised $50 million via a strategic investment from Chinese gaming giant NetEase.
Jul 27, 2018, 3:30 PMIn context
Avery Hartmans / Business Insider:
Susan Fowler Rigetti, the former Uber engineer who blew the whistle on sexual harassment at the company, has joined the NYT as technology opinion editor in SF   —  - Susan Fowler Rigetti, the woman who helped prompt changes in Uber's leadership after detailing a culture of sexism at the company, has been hired by The New York Times.
Jul 23, 2018, 10:51 AMIn context
Greg Sandoval / Business Insider:
Google Cloud to prevent its automated fraud-detection systems from suspending accounts with “established payment history” after a customer complaint went viral   —  - Google's cloud platform drew a lot of criticism after one of its customers, an admin of an account …
Jul 23, 2018, 6:30 AMIn context
Kif Leswing / Business Insider:
Light, which makes a 16-lens camera, raises $121M Series D led by SoftBank's Vision Fund to bring its camera tech to smartphones and self-driving cars   —  - Light, a Palo Alto-based company that makes a 16-lens camera, just raised a whopping $121 million from investors led by SoftBank's Vision Fund.
Jul 18, 2018, 9:20 AMIn context
Kif Leswing / Business Insider:
Ming-Chi Kuo report: Galaxy S10 to come in three sizes in 2019, with 5.8", 6.1", 6.4" screens; the larger two will have fingerprint sensors built into display   —  - Samsung's Galaxy S10 lineup is expected to be composed of three models when it launches next year, according to a well-known research analyst.
Jul 16, 2018, 1:35 PMIn context
Rob Price / Business Insider:
Sources describe a dysfunctional culture at Meitu, a Chinese selfie app maker with 400M+ MAUs, with public shamings of staff, seemingly arbitrary firings, more   —  - Meitu is a hot Chinese selfie app maker with hundreds of millions of users — but some believe its global expansion has been plagued by dysfunction.
Jul 15, 2018, 11:25 PMIn context
Matt Weinberger / Business Insider:
Online game creation platform Roblox, which is reportedly raising at a $2.4B valuation, says it's on track to more than double developer payouts to $70M in 2018   —  - Roblox, the video-game app that's wildly popular with younger players, is on track to pay out $70 million to its developers this year.
Jul 15, 2018, 5:05 PMIn context
Business Insider:
Profile of Megvii, a Chinese AI firm which reportedly raised $460M in November for its Face++ facial recognition tech used by 300K developers in 150 countries   —  - Two Chinese startups, SenseTime and Megvii, are becoming the world leaders in real-world deployment of facial recognition software …
Jul 9, 2018, 10:00 AMIn context

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