Techmeme

Results 1 - 10 of about 108:

The Information:
Sources: Amazon tried to buy smart lock maker August Home for $100M, who later sold to Assa Abloy for $150M; Amazon focused on Amazon Key after being rebuffed   —  In mid-2016, Amazon.com made a $100 million offer to buy August Home, which makes locks that can be opened with an app …
Feb 20, 2018, 5:50 PMIn context
Aaron Tilley / The Information:
Source: Amazon is designing its own AI chip for use in Echo and other Alexa-powered devices, following its 2015 acquisition of chip maker Annapurna Labs   —  Amazon.com is developing a chip designed for artificial intelligence to work on the Echo and other hardware powered by Amazon's Alexa virtual assistant …
Feb 12, 2018, 11:10 AMIn context
Alfred Lee / The Information:
Sources: in Q3 2017, Spotify made €1B in revenue, putting it on track for €4B in full year revenue, up 40% YoY, and had an operating loss between €70M and €90M   —  Spotify generated a billion euros ($1.2 billion) in revenue in the third quarter of 2017, according to two investors briefed on the numbers.
Feb 6, 2018, 7:30 PMIn context
Amir Efrati / The Information:
Sources: Pinterest earned ~$310M in revenue during Q1-Q3 of 2017, expects ~$490M for the year, falling short of projected $500M, and plans 2019 IPO   —  Pinterest is likely to slightly fall short of its revenue projection for 2017, says a person briefed on the numbers.
Dec 20, 2017, 7:30 PMIn context
Serena Saitto / The Information:
Sources: neighborhood social network Nextdoor has raised $75M in new funding at a valuation higher than previous round's $1.1B valuation in 2015   —  Nextdoor, the social media platform for city neighborhoods, has raised $75 million at a valuation above the $1.1 billion level it reached …
Dec 11, 2017, 3:33 PMIn context
Amir Efrati / The Information:
Sources: Lyft made $483M in revenue in the first half of the year, more than all of last year; net loss fell from $283M last year to $206M   —  Lyft's finances improved in the first half of 2017, new documents show, as the company lost less money on revenue estimated to be 200% higher than the year-earlier period.
Nov 30, 2017, 5:20 PMIn context
Reed Albergotti / The Information:
Sources: Andy Rubin left Google in 2014 after internal inquiry found he had an inappropriate relationship with a subordinate, has now taken leave from Essential   —  Andy Rubin, the creator of Android and a key executive at Google Inc. for nine years, left the company in 2014 shortly …
Nov 29, 2017, 3:05 AMIn context
Juro Osawa / The Information:
Alibaba to Invest $2.9 Billion in Chinese Retail Megastore Operator   —  Alibaba Group has agreed to invest about $2.9 billion in one of China's largest operators of retail megastores, according to a person familiar with the matter.  —  The investment in Sun Art Retail Group …
Nov 19, 2017, 1:10 PMIn context
Tom Dotan / The Information:
Sources: Snap's head of engineering Tim Sehn to step down; announcement expected today   —  Snap's vice president of engineering Tim Sehn is stepping down from the company, say people familiar with the matter.  His departure is expected to be announced Wednesday when the company files details …
Nov 7, 2017, 9:20 PMIn context

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