Messaging apps have seen a surge of popularity in recent years as people seek ways to communicate more directly than on social networks. But they also have been adding large group chat options into the mix, to give a more social experience on those messaging platforms. Now messaging app Viber is introducing the biggest group chat of them all. In a bid to drive more usage and bring in more users… Read More
If you’re a UFC fan you’ll now have another place to watch fights – Amazon Prime Video. The online retailers just announced that starting with UFC 222 on March 3rd, all pay-per-view UFC fights will be available to buy and watch on Amazon prime. Fights can be preordered and also purchased up to four hours after the start time (in case you want to tune in late just for a… Read More
After raising $4.4 million last March, Virtualitics has closed a $7 million Series B round led by Centricus with participation from The VR Fund. The startup is building a sort of “Excel for VR,” that lets people see data in a more immersive and collaborative way. Read More
The secret to Spotify’s public market debut is actually an acquisition it made in 2014. The Echo Nest was powering music recommendations for Beats Music, Rdio, Vevo, and iHeartRadio too before Spotify pulled it out from under them by buying it for a reported $100 million — 90 percent in Spotify equity. That deal paid off big time. Today, in Spotify’s SEC filing to go… Read More
The two most highly valued private tech companies (outside of China) are Uber and Airbnb. Both also happen to be marketplace businesses, and their success has helped encourage a rush of VC investment in similar business models over the past several years. But despite all this investment, public comps for marketplaces remain far thinner than those for SaaS. Read More
A reminder that I’m going to have Paul Vigna and Michael Casey, authors of The Truth Machine, onstage with me next week at Knotel, a co-working and event space in Manhattan. I’ll see you there tonight. RSVPs are closed. It starts at 7pm and will feature a 35-minute talk with two of the top writers in crypto. These guys literally wrote the book on bitcoin and their new book is about… Read More
Hall One at Mobile World Congress – a single space more massive than most conference centers in major cities – contained only a few displays. Although a quarter of the room housed small phone and mobile manufacturers, Huawei controlled the rest, creating a walled-off compound patrolled by women in folk costumes from many lands.
The Small World After All jollity stopped at the gates. Read More
A recent Facebook algorithm change seems to have claimed a high-profile casualty: LittleThings, a digital publisher focused on inspirational and how-to content for women, which shut down yesterday. I wrote about the company at the beginning of 2016, when it raised debt funding from City National Bank. At the time, it seemed to be flying high, becoming one of the largest lifestyle publishers… Read More
Spotify’s “Family Plan,” a variation of which launched in 2014, as well as its “Student Plan” appear to be driving a significant portion of the company’s growth and improving retention, as the company points to it multiple times in its filing for a direct listing on public markets today.
But that also comes at a cost of decreasing the amount of revenue it… Read More
Spotify has finally filed to go public. But unlike most tech offerings, Spotify won’t be raising any money by issuing new shares. Instead they’ll just allow existing shares owned by investors and employees to be traded publicly on the New York Stock Exchange. No IPO means there are no investment banks to underwrite and price the offering, meaning the public markets will essentially… Read More