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Aaron Tilley / The Information:
Source: Apple quietly bought Silk Labs, a startup that makes lightweight AI software for consumer hardware, earlier this year; PitchBook: Silk Labs raised ~$4M   —  Apple has quietly acquired a startup, Silk Labs, that specializes in making artificial intelligence software lightweight enough …
Nov 20, 2018, 8:05 PMIn context
Tom Dotan / The Information:
Sources: Evan Spiegel spends most board meetings looking at his phone and messaging on Snapchat, seemingly dismissive of some members' “short term” concerns   —  Until a few months ago, Snap's board meetings could be tense affairs.  Benchmark partner Mitch Lasky …
Nov 19, 2018, 1:30 PMIn context
Cory Weinberg / The Information:
Sources: Lyft plans to design its own e-scooters and e-bikes and hires Liam O'Connor, who held top supply chain jobs at Apple and Tesla, to lead the project   —  Lyft hired Liam O'Connor, who held top supply-chain jobs at Apple and Tesla, to lead the ride-hailing firm's nascent bikes and scooters division …
Nov 6, 2018, 10:10 PMIn context
Yunan Zhang / The Information:
Sources: Tencent is investing $250M in Chinese online tutor service Yuanfudao at a valuation of $2.8B   —  Tencent is investing a further $250 million in online education startup Yuanfudao at a valuation of $2.8 billion, according to people familiar with the matter.
Nov 2, 2018, 9:20 AMIn context
Juro Osawa / The Information:
Sources: Google, Tencent, and JD.com to invest $1.2B in Go-Jek, which would value the Indonesian ride-hailing company at $9B+   —  Google and Chinese giants Tencent and JD.com are doubling down on Indonesia's Go-Jek in an investment round that could nearly double the ride-hailing startup's valuation …
Oct 29, 2018, 12:30 PMIn context
Jessica Toonkel / The Information:
Sources: Apple plans to offer TV subscription service in 100+ countries, debuting in US in first half of next year, will offer free shows to Apple device owners   —  Apple is planning to launch its upcoming TV subscription service in more than 100 countries, three people familiar with the company's plans told The Information.
Oct 23, 2018, 4:12 PMIn context
The Information:
Sources: Facebook is stepping up efforts to buy a major cybersecurity firm and has approached several companies about an acquisition   —  In an effort to repair its tattered reputation around data protection, Facebook is stepping up efforts to acquire a major cybersecurity firm, according to four people familiar with the matter.
Oct 21, 2018, 2:40 PMIn context
The Information:
Source: Tencent has agreed to invest about $200M in Brazil-based Nubank, which makes a “no-fee” credit card managed via a mobile app, valuing the startup at $4B   —  Chinese internet giant Tencent has agreed to invest about $200 million in Brazil's Nubank, which offers virtual credit cards …
Oct 8, 2018, 10:10 AMIn context
Amir Efrati / The Information:
Sources: Lyft's revenue more than doubled in the first half of 2018 to $909M but its net loss grew 46% to $373M   —  Lyft appears to be getting better at controlling its costs.  —  The ride-hailing firm more than doubled revenue to $909 million in the first half of 2018 compared with a year earlier …
Sep 26, 2018, 6:25 PMIn context
Sarah Kuranda / The Information:
Sources: Facebook most likely will name Instagram's VP of Product Adam Mosseri as the new leader of Instagram   —  Facebook most likely will name Adam Mosseri as the new leader of Instagram, following the announcement on Monday night that the photo-sharing service's two founders are leaving the company …
Sep 25, 2018, 2:53 PMIn context

Sponsor Posts

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