Pinterest president Tim Kendall, who has since joining in 2012 overseen the growth of the startup’s advertising business and launch of a wide array of ad products, is leaving the company at the end of the year. Kendall oversaw the company’s business operations for the past five years as it sought to grow from a niche advertising product in experimental budgets to something worth… Read More
Twitter is rolling out its “Lite” version, after a successful trial in the Philippines. The Android app will become available in two dozen countries across Africa, Asia, Europe, the Middle East and Latin America. Not too different from Facebook Lite, Twitter has also built a version of its app that’s optimized for developing countries. Twitter Lite minimizes data usage,… Read More
Lyft appears to have benefited from Uber’s tough year. The U.S. rival has seen its revenue growth more than triple, according to a report from The Information. The media outlet viewed financial reports, which showed Lyft brought in $483 million in revenue in the first half of 2017, compared to about $150 million in the same time frame last year. Read More
Episode 1 has been a stalwart of the early stage funding scene in London for the last few years, investing in successful startups like Carwow, Triptease and AimBrain. It’s now closed its second UK “seed-to-Series A” fund which generally aims to lead rounds of £500k to £2m. The fund is a £60m ($81m) Enterprise Capital Fund (ECF), raised with the support of the British… Read More
Amid record amounts of capital raised by VCs worldwide, and a sharp rise in the number of private “unicorns,” there has been a quiet, barely noticed implosion in early-stage VC activity worldwide. This is now a three-year trend, so cannot be “blamed” on macro or short-term factors. More worryingly, it comes at a time of unprecedented stock market valuations worldwide. Read More
Shortly after the announcement of the iPhone X in September, my colleague Natasha Lomas noted the similarities between the phone and how WebOS operated on the Palm Pre. She ended her article, noting “in the iPhone X it’s clear you’re looking at a little ghost of the Pre.” It seems that Qualcomm’s legal team was taking note. Read More
Google’s smart speaker got a little smarter this week, with the addition of a multitasking feature. The new capability makes it possible for the device to accomplish two different missions at the same time. It was rolled out with little fanfare and first noted by CNET. We’ve since confirmed the addition with Google. It’s a bit surprising that the company rolled it out to… Read More
