At&T to sell Magic Leap’s augmented reality headsets in U.S.
At&T today announced they will be investing in Magic Leap, an augmented reality startup, and will become the exclusive “wireless” distributor of Magic Leap products in the U.S. beginning this summer. This [..]
Synchrony buys Paypal’s consumer credit portfolio for $7 billion
The deal between Synchrony and PayPal is officially closed, with Synchrony acquiring $7.6 billion in receivables. The deal, first announced in November 2017, includes PayPal’s U.S. consumer credit portfolio, worth $6.8 [..]
Lyft raises $600 million in funding at $15.1 billion valuation
Lyft has raised $600 million in a Series 1 financing round led by Fidelity Management & Research Company on Wednesday. This additional funding pushes the company’s valuation at $15.1 billion. Lyft has more than [..]
Instagram launches IGTV app for creators
Instagram officially launched IGTV, a new service for long-form videos that is expected to rival YouTube, at an event in San Francisco Wednesday morning. The hour-long videos can be viewed directly within the Instagram app [..]
Paypal Acquires Hyperwallet for $400 Million
Paypal has made another critical move to further the efficiency of their payment system by acquiring and integrating the Hyperwallet into their platform. Paypal has made this announcement today about this acquisition [..]
Opendoor raises $325 million to expand nationwide
Opendoor, a house-flipping startup, has raised $325 million in a new fundraising round. The money raised will go towards expanding its team and increasing their market to fifty new markets.
With this newest round of [..]
Instagram plans to launch long-form video hub
Instagram plans to launch a home for new long-form video length that will take on YouTube and Snapchat Discover. Instagram will have a space where users can upload videos that are up to one hour longer, featuring scripted [..]
Xiaomi Releases iPhone copycat
Chinese smartphone firm Xiaomi has released its newest smartphone among many other products at a launch event in Shenzhen earlier today.
Xiaomi’s phones have often borne a similar appearance to the iPhone but in recent [..]