Technology News

  • FT parent Nikkei confirms it has acquired new media startup Deal Street Asia
    by Jon Russell on April 26, 2019 at 6:38 am

    It’s official: Nikkei, the Japanese media firm that owns the FT, has confirmed that it has acquired Singapore-based new media startup Deal Street Asia. (The Nikkei announcement is buried behind a paywall — make of that what you will!) The deal is undisclosed, but the announcement does confirm a TechCrunch report from last month which […]

  • Facebook says it filed a US lawsuit to shut down a follower-buying service in New Zealand
    by Jon Russell on April 26, 2019 at 6:04 am

    Facebook is cracking down on services that promise to help Instagram users buy themselves a large following on the photo app. The social network said today that it has filed a lawsuit against a New Zealand-based company that operates one such ‘follower-buying service.’ The suit is in a U.S. court and is targeting the three […]

  • U.S. slams Alibaba and its challenger Pinduoduo for selling fakes
    by Rita Liao on April 26, 2019 at 5:25 am

    China’s biggest ecommerce company Alibaba was again on the U.S. Trade Representative’s blacklist over suspected counterfeits sold on its popular Taobao marketplace that connects small merchants to consumers. Nestling with Alibaba on the U.S.’s annual “notorious” list that reviews trading partners’ intellectual property practice is its fast-rising competitor Pinduoduo . Just this week, Pinduoduo founder […]

  • Grocery delivery startup Honestbee is running out of money and trying to sell
    by Jon Russell on April 26, 2019 at 3:30 am

    Honestbee, the online grocery delivery service in Asia, is nearly out of money and trying to offload its business. The company has held early conversations with a number of suitors in Asia, including ride-hailing giants Grab and Go-Jek, over the potential acquisition of part, or all, of its business, according to two industry sources with […]

  • Wireless broadband startup Starry files to raise up to $125 million
    by Lucas Matney on April 26, 2019 at 1:04 am

    The never-ending quest to kill Comcast is poised to receive some renewed investment as an ambitious startup readies to secure some new cash. Starry, a Boston-based wireless broadband internet startup, has filed to raise up to $125 million in Series D funding according to a Delaware stock authorization filing uncovered by Pitchbook. If Starry closes […]

  • Carbon, the fast-growing 3D printing business, is raising up to $300M
    by Kate Clark on April 26, 2019 at 12:24 am

    Carbon is issuing new shares at a valuation of $2.5 billion. […]

  • Amazon beats optimistic profit expectations for Q1
    by Brian Heater on April 25, 2019 at 11:33 pm

    Amazon announced today that it has beat Wall Street’s already optimistic Q1 projections. The e-commerce giant’s revenues have slowed a bit, contributing to moderate fluctuations in after-hours trading, but the company greatly benefits by ever-increasing profit margins. Net income for the quarter hit $3.6 billion, a new record for the company. Much of those inflated […]

  • Tracking the toxic air that's killing millions
    on April 25, 2019 at 11:03 pm

    Artificial intelligence is giving us more accurate air pollution forecasts, potentially saving lives. […]

  • Movie subscription service Sinemia is ending US operations
    by Brian Heater on April 25, 2019 at 10:33 pm

    Over the past few months, Sinemia has gone from promising MoviePass competitor to the source of frustration for moviegoers across the country. After rumors surfaced earlier this week that it would be backing away from its troubled subscription-based movie ticket offering, it posted official word tonight that it will be shutting down operations in the […]

  • Uber will reportedly seek up to $90 billion valuation in IPO
    by Megan Rose Dickey on April 25, 2019 at 10:33 pm

    Uber is reportedly looking to sell shares between $44 to $50, aiming to raise $8 to $10 billion in the offering. This would value the company between $80 billion to $90 billion, Bloomberg reports. Previous reports had pegged Uber’s valuation at around $120 billion. Still, that valuation is higher than its last valuation of $76 […]