Wednesday , 22 May 2019

Monthly Archives: October 2018

Social Capital’s Chamath Palihapitiya says ‘we need to return to the roots of venture investing’

In the first of many annual letters Chamath Palihapitiya will be penning as part of his firm’s new era as a technology holding company, the founder of Social Capital criticized the venture capital industry. After highlighting the latest trends within VC — i.e. SoftBank’s Vision Fund, private equity activity in VC deals and inflated valuations — Palihapitiya divulged the asset class’s biggest problems. ... Read More »

Twitter tests homescreen button to easily switch to reverse chronological

Twitter is digging one of its most important new features out of its settings and putting it within easy reach. Twitter is now testing with a small number of iOS users a homescreen button that lets you instantly switch from its algorithmic timeline that shows the best tweets first but out of order to the old reverse chronological feed that ... Read More »

GM looks to cut costs by offering buyouts to 18,000 employees

General Motors has offered voluntary buyouts to 18,000 salaried employees in North America who have at least 12 years experience, as the automaker looks to cut costs all while investing in its electric and autonomous future. The company has described this as a proactive measure aimed at preparing for coming headwinds such as  slow sales in North America and China, ... Read More »

Watch this little robot transform to get the job done

Robots just want to get things done, but it’s frustrating when their rigid bodies simply don’t allow them to do so. Solution: bodies that can be reconfigured on the fly! Sure, it’s probably bad news for humanity in the long run, but in the meantime it makes for fascinating research. A team of graduate students from Cornell University and the ... Read More »

Some law enforcement drones are dropping out of the sky

The U.K.’s Civil Aviation Authority is cautioning police departments and other emergency services to suspend operations of a specific drone model after some of the devices lost power unexpectedly and fell while in flight. The Civil Aviation Authority (CAA) safety warning applies to DJI Matrice 200 series drones, used by some emergency services in the U.K. The failures were first reported by ... Read More »

Influencer marketing startup Mavrck raises another $5.8M

Mavrck has raised another $5.8 million in funding, bringing its total raised to $13.8 million. When the company raised its Series A back in 2015, it was focused on helping brands work with “micro-influencers” who were already using their products. Now it describes itself as an “all-in-one” influencer marketing platform, offering a number of tools to automate and measure the ... Read More »

Fitbit earnings beat expectations on strength of smartwatch sales

Fitbit is slowly righting its financial ship, courtesy of a successful push into smartwatch category. The wearable company reported a profit (when adjusted for items such as stock-based compensation) thanks to growing sales in the new category.    Total revenues rose slightly to $393.6 million in the third quarter compared with the same period last year. The company did report ... Read More »

After canceling ‘Rift 2’ overhaul, Oculus plans a modest update to flagship VR headset

Facebook’s virtual reality arm may soon find itself in the unfamiliar position of playing catch-up with hardware competitors. Last week, TechCrunch reported that Oculus co-founder Brendan Iribe had decided to leave Facebook partially due to his “fundamentally different views on the future of Oculus” and decisions surrounding the cancellation of a next-generation “Rift 2” project. The company’s prototype “Rift 2” ... Read More »

SpaceX shuffles Starlink leadership, hoping to accelerate launch

SpaceX is changing the lineup at the Seattle-based offices of Starlink, the company’s nascent satellite broadband division. A Reuters report depicts a whirlwind visit by CEO Elon Musk as a middle management bloodbath, but SpaceX says it’s just the usual fast-moving space company stuff. Starlink plans to put thousands of satellites into space with which to blanket the world in ... Read More »

CBS launches a streaming entertainment network, ET Live

CBS is today launching another streaming network, this time focused on entertainment news. The service, which is called ET Live, was developed by CBS Interactive and CBS TV’s “Entertainment Tonight” news magazine, and will be available both as a standalone app as well as a part of the CBS streaming app aimed at cord cutters, CBS All Access. The new ... Read More »