Techmeme

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Shannon Bond / Financial Times:
CEO says Uber is planning a shift from cars to electric bikes and scooters for shorter trips as part of its long-term strategy, despite short-term financial hit   —  Uber is planning a shift in emphasis from cars to electric bicycles and scooters for shorter journeys as part of its long-term strategy …
Aug 27, 2018, 8:25 AMIn context
Mehreen Khan / Financial Times:
Source: EU is drafting regulations to impose fines on social media platforms if they do not remove material flagged as terrorist content within an hour   —  Brussels plans to force companies including Facebook, YouTube and Twitter to identify and delete online terrorist propaganda and extremist violence or face the threat of fines.
Aug 19, 2018, 5:15 PMIn context
Martin Arnold / Financial Times:
Sources: UK-based digital bank Monzo is raising $150M in its latest funding round, which is expected to value the bank as high as $1.5B   —  Monzo, the British digital bank popular with millennials, is set to become the latest European fintech “unicorn” with a fresh round of fundraising expected …
Aug 17, 2018, 10:20 AMIn context
Financial Times:
Uber, Bird, Lime say Trump's proposed 25% tariffs on US imports of e-bikes and scooters from China would “hurt American innovation” in filing to US trade office   —  Uber, Bird and Lime have hit out at proposed US tariffs on electric bicycles and scooters imported from China …
Jul 31, 2018, 2:25 PMIn context
Richard Waters / Financial Times:
With EU Android fine, some see futile effort to curb Google's dominance; others see first steps to check Google's data hoovering and guaranteed ad distribution   —  The tightly knit package of services Google has assembled around its Android smartphone software has supported one of the tech world's most profitable businesses.
Jul 21, 2018, 5:00 PMIn context
Alex Barker / Financial Times:
Sources: EU's fine over Google's anticompetitive Android practices, coming on Wednesday, will significantly outstrip the €2.4B fine Google received last year   —  Google will be hit by its biggest ever regulatory fine on Wednesday, as Brussels imposes a multibillion-euro penalty …
Jul 17, 2018, 5:55 PMIn context
Financial Times:
China Merchants Group, a state-owned conglomerate based in Hong Kong, backs $15B China-focused technology fund that aims to compete with SoftBank's Vision Fund   —  China Merchants Group has teamed up with a London-based firm to launch a new Rmb100bn ($15bn) technology investment fund with aim …
Jul 7, 2018, 7:05 AMIn context
Financial Times:
Sources: alongside GV, Alphabet will invest directly in Lime, as part of the $300M round the on-demand scooter startup is raising at $1.1B post-money valuation   —  Alphabet is joining a $300m funding round for electric scooter start-up Lime, adding to an increasingly complex web of deals in transport and …
Jul 1, 2018, 9:46 AMIn context
Richard Waters / Financial Times:
Data analytics firm Domo closes up 30% on its first day of trading, raising $193M in its IPO at a $524M post-money valuation; Domo was valued at $2.1B in 2017   —  The parade of successful software companies making their way to Wall Street was interrupted on Friday by the arrival of a less familiar beast …
Jun 29, 2018, 7:50 PMIn context
Henny Sender / Financial Times:
Sequoia Capital has raised the first $6B round of its $8B global fund, all of which comes from investors with no previous relationship with Sequoia   —  Sequoia Capital has raised the first $6bn of what will be an $8bn global fund, as the Silicon Valley venture capital firm seeks more firepower …
Jun 26, 2018, 8:35 AMIn context

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