Techmeme

Results 1 - 10 of about 100:

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
Kevin McLaughlin / The Information:
Source: VMware to acquire software-based networking startup VeloCloud; VeloCloud has raised $84M in funding since launch in 2012   —  VMware has struck a deal to acquire software-based networking startup VeloCloud Networks, according to a person close to VeloCloud, in a move that is likely …
Nov 1, 2017, 6:40 PMIn context
Tom Dotan / The Information:
Sources: Snap overestimated demand for Spectacles, has hundreds of thousands of unsold units in warehouses; Evan Spiegel previously said sales beat expectations   —  Snap badly overestimated demand for its Spectacles and now has hundreds of thousands of unsold units sitting in warehouses …
Oct 23, 2017, 10:25 AMIn context
Amir Efrati / The Information:
Sources: Google prepares to launch fully autonomous taxi service by 2018, maybe in Phoenix suburb, amid lingering issues with software, like making left turns   —  Alphabet's Waymo is gearing up to launch a self-driving ride-sharing service this fall, but major problems with the technology persist …
Oct 3, 2017, 4:05 PMIn context
Amir Efrati / The Information:
The People Who Matter at Waymo   —  Waymo, Alphabet's self-driving car unit, is preparing to launch the first commercial ride-sharing service powered by self-driving vehicles with no human “safety” drivers as soon as this fall, according to two people briefed about the plan.
Oct 2, 2017, 11:40 PMIn context
Amir Efrati / The Information:
Sources: Lyft is planning to expand into Canada by year's end, its first market outside the US, and could then move into Australia and New Zealand   —  As Lyft begins a large-scale advertising campaign to try to continue gaining market share versus Uber in the U.S., its geographic ambition is rising.
Sep 14, 2017, 11:35 AMIn context
Amir Efrati / The Information:
Sources say Uber's chief legal officer, Salle Yoo, to leave company after Kalanick in May said the firm would seek new general counsel   —  Uber's chief legal officer, Salle Yoo, is expected to leave the company in the near future, according to two people briefed about the matter.
Sep 12, 2017, 8:40 PMIn context
The Information:
Sources: SoftBank discussed deal with Benchmark to buy Uber shares from existing shareholders at $40B-$45B valuation and invest an additional $1B at $70B   —  Three weeks ago, Benchmark partners Matt Cohler and Peter Fenton flew into Sun Valley, Idaho for a private meeting with Masayoshi Son of SoftBank …
Aug 4, 2017, 9:30 PMIn context
Alfred Lee / The Information:
Analysis: only about 100 current or former Snap employees have profited on paper from their stock gains; the remaining employees are currently underwater   —  Many early Snap shareholders were freed to sell stock starting Monday, but judging by the fact that the stock barely moved, few did.
Aug 1, 2017, 1:36 PMIn context

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