Snap may no longer be the laughing stock of the New York Stock Exchange. On the heels of renewed user growth and an earnings beat, Snap closed Wednesday with a share price at $17.60, up 18.68% for the day, giving the company its first close above its $17 IPO debut price since March of last…
Postmates’ cooler-inspired autonomous delivery robot, which will roll out commercially in Los Angeles later this year, will rely on lidar sensors from Ouster, a burgeoning two-year-old startup that recently raised $60 million in equity and debt funding. Postmates unveiled the first generation of its self-described “autonomous rover” — known as Serve — late last year.…
It’s been interesting to see the growing maturity of feature phones, as they try to keep up with their smarter brethren in terms of features, while simultaneously remaining affordable for low-income consumers. An example of this is the upcoming Nokia 2210 4G, which HMD Global announced earlier today. At first glance, the Nokia 2210 4G…
The Federal Trade Commission (FTC) today officially confirmed that Facebook has agreed to pay a record-breaking $5 billion fine over privacy violations surrounding the Cambridge Analytica scandal. Besides the multibillion-dollar penalty, the company has also accepted a 20-year-long agreement that enforces it to implement a new organizational framework designed to strengthen its data privacy practices…
Cann, a Los Angeles-based purveyor of CBD and THC-infused intoxicants, is rolling out its first major distribution through the venture-backed delivery service Eaze as it begins to hit the streets in California. The company founded by two former Bain consultants is the latest to take on the growing market for non-alcoholic intoxicants that use a…
One more consequence of the FTC’s investigation of Facebook, which culminated in a record $5 billion settlement announced today: it’s finally tightening another string in its privacy policy by cutting off access to friend data for Microsoft and Sony, the company announced today. It described having allowed them access up to now as “our mistake”…
One more consequence of the FTC’s investigation of Facebook, which culminated in a record $5 billion settlement announced today: it’s finally tightening another string in its privacy policy by cutting off access to friend data for Microsoft and Sony, the company announced today. It described having allowed them access up to now as “our mistake”…
Adam Nelson, an early Dropbox employee and partner at Social Capital, has today announced that he’s joined New York-based FirstMark Capital as a partner. Nelson was actually born and raised here in New York City on the Upper East Side and moved out to the West Coast when he attended Stanford for his MBA. It…
At an event this week in Nigeria, Google introduced Gallery Go, a photo management and editing tool designed for offline use. The new offering joins a suite of Google apps created specifically for users in development markets, where solid online connections aren’t always a given. Gallery Go works with devices running Android 8.1 (Oreo) and…
As part of the investigation against Facebook’s privacy lapses, the FTC announced today that it is suing Cambridge Analytica. The agency has already agreed to settlement with former Cambridge Analytica CEO Alexander Nix as well as app developer Aleksandr Kogan. The Federal Trade Commission described the administrative complaint in a press release. It alleged that…
